Personal and undiluted views
All Stories

Ariana Resources: Drilling Update Good but not Good enough

Tom Winnifrith
Tuesday 13 November 2012

I recommended AIM listed Turkey based gold mine developer Ariana Resources (AAU) on t1ps.com in August 2011 at 4.5p. The shares are now 1.425p and so clearly I have not exactly covered myself in glory. The company announced a detailed exploration update yesterday which was good but does not answer the question of whether this is a storming recovery play or just a dog to shoot. Here is why.

The exploration took place on Ariana’s Kepez West and Karakavak prospects, located along the Sindirgi Gold Corridor which also contains the Kiziltepe Sector of the Red Rabbit Gold Project.

on TradingResearchPoint | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
Twitter
@TomWinnifrith
Email
[email protected]
Recently Featured on ShareProphets
Sign up for my weekly newsletter








Required Reading

Recent Comments


I also read