Proactive mining analyst Alastair Ford takes a closer look at Ariana Resources PLC (LON:AAU) this week, which is 'about to embark on a new chapter in its history, after closing off what has been described as a transformational deal'.
The company recently completed its joint venture deal in Turkey, with Özaltin and Proccea Construction. Formalising the terms agreed in December, the expanded JV deal sees the AIM-listed company bank US$37.75mln of cash from the partial sale of its interests in Turkey.