Ariana Resources Share Discussion Threads

[crossfirecssf] 03/6/2019 13:07

Interestingly the GDXJ and GDX both began their move on Thursday, one day before the metals moved, which is a bullish sign. In the past we've had gold go up and the stocks remain depressed. The stocks tend to lead the metal,...god knows how, but that's the way it seems to work. So far so good.

[crossfirecssf] 03/6/2019 13:00

I feel the same way JaynesDad. If this one doesn't come good, I'm taking up a new hobby...

[jaynesdad] 03/6/2019 12:22

CF
Hope you are right mate! I do agree, despite apparent caution, that we do have a good company here. Put it this way, if I'm wrong about this one I'm giving up!

[crossfirecssf] 03/6/2019 12:16

Lol JaynesDad, I think you're probably wise to remain cautious, but I'm just saying it as I see it. I'm genuinely excited at the way things are shaping up here. We have a gem of a company which seems almost incapable of releasing bad news. Certainly nothing negative since 'that' placing.

My only concern here remains the geopolitical risk, especially in the face of the coming collapse in equities and the global disruption that will bring. Historically however, in such circumstances gold and silver have proved to be the ultimate safe haven. They have represented real money for the past several thousand years, and I don't think that's about to change anytime soon. Onwards and upwards.

[jaynesdad] 03/6/2019 12:00

CF
I genuinely envy your constant boundless enthusiasm and positive thinking! I tend to be more reflective and cautious or, as you would probably say, pessimistic and miserable!!

[crossfirecssf] 03/6/2019 10:00

We're due a move north of 2p in the short term if the upward trend of higher highs and higher lows continues. Certainly no reason why not with the increasing gold price. We're still climbing the wall of worry and sentiment in the pm's is low, with the general concensus being that gold will remain at $1300 through 2019 and even 2020. When everyone arrives at such a concensus the market historically tends to wrong foot and surprise everyone. As Rick Rule states, 'you're either a contrarian, or a victim.".

[jaynesdad] 03/6/2019 09:33

In full agreement Soul. The results from the winter Kizilcukur do appear to be delayed, I suspect because they want to outline how the deposit wlll be brought into production at the same time. The rise in gold is also welcome, but may be a false dawn (again) for gold bulls - I think it is more the usual flight to safety during turbulent/declining equity markets.

[someuwin] 03/6/2019 09:25

ECR minerals (ECR) going well of late for a microcap Gold explorer.

£4m valuation

Currently Re-testing drill samples due to 'nuggets' found.

"...If these tests yield positive results, then this could be transformational for ECR. The company could well be sitting on a major gold nugget discovery, with all that implies for almost instant and substantial cash flow generation."

[soulsauce] 03/6/2019 09:18

Not sure about Salinbas Kirbs, let's get the long awaited Kizilcukur first.

[crossfirecssf] 03/6/2019 09:15

I's say that the breakout in gold is confirmed. If this continues and positive drill results from Kizilcukur and Salinbas come to pass, we could easily break free from 2p and arrive at 3p in short order, Salinbas obviously being the potential game changer along with the increasing gold price.

With central banks purchasing 70% more gold in 2018 than 2017, and this year increasing again, it's just a matter of mathematics and time before we get through $1400 and at some point pass the high of $1900. Silver, being gold on speed will also provide a significant contribution to sales. Things are starting to get exciting.

[kirbs4] 03/6/2019 07:25

What are the chances of getting some indicative findings from the initial Salinbas drilling?

[charles clore] 02/6/2019 14:32

Since October 2018 the AAU chart has consistently higher highs and higher lows. Imho this is coming to a decisive break point around 2p which by my reckoning of the chart, despite failure twice at 2.08, could with some good news and gold moving higher, lead to 3p. But this is not for short termers imho. The big gains will be for those who have the patience to wait. Another year or two would not be unreasonable if the company achieved a market cap of £100m+. I think it will happen sooner.

[jc2706] 01/6/2019 12:31

Yes, I can see the flag formation you are referring to and it does look like it has broken out. Let's hope that there is enough behind the move to push it beyond the resistance levels above.

[crossfirecssf] 01/6/2019 11:33

No problem JC2706, I’m no doubt wrong about this, but we should know next week. I know it’s crossed $1300 many times, but in this specific occasion the chart just happens to be indicating that it may well have broken out of a descending flag formation which would appear to be pointing at the $1400 area as a potential completion of the pattern.

I’m no expert, so I could be completely wrong, as I’ve been on many other occasions. We shouldn’t have to wait too long to find out though so fingers crossed. I agree that very little is going to happen until we get passed $1350-1400. We’re on the same page. All the best and good luck if you’re holding here.

[ironstorm] 01/6/2019 10:41

Good point BB. U have to believe the existing lender would be falling over themselves to fund it.

[jc2706] 01/6/2019 08:46

CrossfireCSSF,

I agree on your major point but my feeling is that $1300 means very little. It has surpassed this figure many times and not gone on to exceed $1400. Breaking $1350-1400 and the road to $1600 and more looks open to me.

[bigglesbingham] 31/5/2019 23:13

Also loan repayment start a year after drawdown so would give a years income as exploration buffer

[ironstorm] 31/5/2019 19:23

CC I would still like to see Tavsan accelerated funded by (more) debt.

Imagine what we would be producing in 18 months and at 1500 / 1800 / 2100 pog.

Now is the time not next year when the existing loan is repaid. We are showing our mettle!

[crossfirecssf] 31/5/2019 19:02

I think you’re possibly missing the point. $1300 as a price isn’t the be all and end all. It just happens to represent, in my opinion, the breakout point which is going to take us through $1350 to $1440-60. That’s why I believe that $1300, on this specific occasion, is of such significance.

Once we’re at $1400+, the PM stocks, which have already made a robust move to the upside, will begin to Transform, and I believe the timing is going to be particularly good for Ariana, as it’s going to be releasing Salinbas drill results among other news, into the next big move up in PMs.

[charles clore] 31/5/2019 18:44

JC - and so will their earnings. Take this one for example. Another $100/ per ounce on the price of gold for a producer mining 30k oz a year adds $3m to the bottom line for simply doing nothing. And if it really took off AAU might consider funding Tasvan from its own coffers instead of a bank loan.

[jc2706] 31/5/2019 17:53

I wouldn't quite pop the corks on gold breaking out yet. It needs to be sustained and I don't think that $1300 is the be all and end all. $1400 is far more significant.

If gold does go on a tear then there will be nothing to stop the gold miners. They will all go up substantially. But some will rise enormously - 10, 20 or even 100 times.

[crossfirecssf] 31/5/2019 15:35

Well that looks awfully like a breakout in gold. Next stop $1350-60... IMO. :o)

[charles clore] 31/5/2019 15:34

Trouble is, heard it so many times before I don't know if I'll believe it when it happens..

[crossfirecssf] 31/5/2019 15:13

$1300... :o) .... for about 5 seconds. :o(