Ariana Resources Share Discussion Threads

[charles clore] 14/5/2019 17:14

JC - it's quite obvious from the persistent selling over the last few years that there is a hardcore of non-believers who dispose of their stock at any and every spike. Some say the reason for it was the bucketshop raises but I think it started when the board filled their snouts at the trough with those bonuses and pay rises (paid for by fundraisings). Quite frankly it was far too early to be doing that but they did. I have forgiven them now because look how they have developed the company - it's marvellous now but I was darned livid at the time. I think some people find it much harder to forgive than others, just my thoughts.

[sleveen] 14/5/2019 16:57

PG perhaps?

[jc2706] 14/5/2019 16:42

I agree regards volume. It is possible to breakout on low volumes but I would much prefer more significant volume on the breakout. Which suggests to me that we probably won't get through 2p at this stage and will likely pull back somewhat again.

[plasybryn] 14/5/2019 16:30

On the twitter- Largest RC rig ever used by the company being moved on to the first hole of the Salinbas Gold Project drilling programme... Let's drill some deep holes! #AAU #gold #Hot Gold Corridor

[soulsauce] 14/5/2019 16:26

Who Charles lol.

The very same 😕

[charles clore] 14/5/2019 16:21

soul - not the unmentionable PG?

Seriously, the volume needs to be much higher to give a meaningful breakout imho. I am talking about 5-10 times the daily average we are getting now.

[soulsauce] 14/5/2019 16:17

It needs a certain entity to give it a nudge and some decent support.
Anyone know who I am on about lol?

[jc2706] 14/5/2019 15:59

Well, technically a couple of things bother me. Firstly the potential for a double top and secondly the formation of a rising wedge. It looks like we have the potential to break out of the latter positively which would be really bullish.... but to do that I think that we need to break 2p.

[charles clore] 14/5/2019 15:55

JC - I for one would welcome a healthy retrace but I don't think we're going to get one!

[jc2706] 14/5/2019 15:42

2p does seem to be a bit of a hurdle. Go through it and this should rise sharply to 2.5-3p I believe. Failure here could see a bit of a retrace.

[charles clore] 14/5/2019 15:37

Yes it's that psychological 2p barrier dammit!

[soulsauce] 14/5/2019 15:10

I think you may be right dixi.

[dixi] 14/5/2019 14:41

If this can get above 2p on the bid I'd feel more comfortable adding. I am expecting a bit more traction from this once that hurdle has been passed.

[kirbs4] 14/5/2019 14:36

I dont think the false rises that seem to happen every time there is mildly positive news help. This morning it was up 5.4% on about 400,000 shares traded. Mm's being greedy?

[charles clore] 14/5/2019 13:58

Oh dear the scalpers are at it again. But rest assured, one day the price will rise - and never come back down.

[goldenshare888] 14/5/2019 10:51

The BIG MONEY is always made in the waiting....

:-)))

[crossfirecssf] 14/5/2019 09:32

...meanwhile, gold looks to be breaking out of the downward wedge, the cup and handle, the second shoulder.

Whichever angle you take, everything points emphatically to the next major wave up to, and through $1400, which will finally convince the remaining bears.

Once we get there, I see gold shares finally becoming fashionable and taking off. I’ve had to exercise patience that I didn’t know I had...!

[crossfirecssf] 14/5/2019 09:25

What a gem this company is. No bad news since ‘that’ raising. They seem incapable of taking a misstep. Once again, if anyone can make a good argument for selling, I’d be interested to hear it.

[swallowsflysouth] 14/5/2019 09:20

Forgot to put in reference regarding 'discovery outcrop' mineral content, can be found on approximately page 13 of following article.

hxxp://www.londonfinex.com/wp-content/uploads/2018/08/07-FINEX-Sener.pdf

[swallowsflysouth] 14/5/2019 09:11

Maybe the rns is much better than it initially looks when you take into account 2008/9 Salinba 'discovery outcrop' 15.4g/t Au + 102g/t Ag, one of the areas i believe he said they were following up investigating further, now ?
In addition the building of a new access road would not be undertaken unless there was a degree of certainty about it being worthwhile building.
Just a couple of my thoughts regarding rns.

[goldenshare888] 14/5/2019 09:04

:-))

Happy holding for the potential BIG BUCKS here.....

Backed by the potential of increasing production also, it feels like a no-brainer to hold to me.

[soulsauce] 14/5/2019 08:49

Looks like a break out on the chart so might attract some momentum investors, but with quarterly update due and some more drilling results then we should push on anyway.

[charles clore] 14/5/2019 08:47

Surely it would be a misnomer to call anything at this price a profit. Compared to what is to come this is chickenfeed imho.

[kirbs4] 14/5/2019 08:41

But at the same time, anyone weak enough to take profit at 2p wont hold us back when the real news arrives!

[alikan] 14/5/2019 08:36

Been holder for too many years and watched the price drop after gold production announced. Every time we get back to around 2 p it falls back. Maybe this time if we don't all take short term profit we will get a sustained rise.