Ariana Resources Share Discussion Threads

[jc2706] 05/6/2019 08:44

Well, we are just above 2p and the volume has picked up. The last test on 2p saw higher volume on the way back down than on the way up which was not encouraging but this seems to be making a better fist of it. On that basis, there is some cause for optimism that we may end over 2p. If this can be maintained to the end of the week that would set up a move to the 2.5-3p area quite nicely.

[shortarm] 05/6/2019 08:43

Profit will be massively higher April next year when the loan is fully paid off!Some payments have been millions per quarter!

[charles clore] 05/6/2019 08:42

Thanks - I think it would certainly help your 15x to have an institution or two on board. Quite surprised not to have any interest to be honest but feel that it can only be a matter of time.

[thanksamillion] 05/6/2019 08:39

rough calc on profit before tax of £2.2m gives EPS 0.2p ps. making share price around 10x.

I am now hoping for a gradual lift in the share price to around 3p over the next three months to give fair value at 15x.

[charles clore] 05/6/2019 08:37

2p+ on the bid would be nice but hey, mustn't be greedy must we? One can only hope that with PMs on the rise there could be a lot of people searching for a good gold investment and you never know, Panmure Gordon MIGHT just get their finger out and release an up to date note.

[dibs61] 05/6/2019 08:36

Even if these results are broadly in line with expectations it makes them no less good than they are. We shouldn’t underestimate this company’s achievement. It’s quite outstanding for a micro cap company to take a mining project to production - execute it so successfully - and in an unfriendly investing environment. At the same time to be continuously exploring for new assets. It really is exceptional on AIM and I doff my hat to the management for their tenacity and determination- and their skill and expertise.

[the deacon] 05/6/2019 08:31

Yes I agree Soul. I thought that was very interesting

[ironstorm] 05/6/2019 08:26

Gold looking at 1340 now.

[soulsauce] 05/6/2019 08:24

Went in to quite a lot of detail on producing 'green' energy and big hints of projects in that arena. Would be nice to see one of them delivered.

[goldenshare888] 05/6/2019 08:23

Reminds me of period when MARL went from 2p to 50p+

:-)))

[charles clore] 05/6/2019 08:21

IronStorm - well done my man!

[goldenshare888] 05/6/2019 08:20

:-)))

GOLD & SILVER waking up from their 7-year slumber will turbo boost the returns too!!!

[ironstorm] 05/6/2019 08:19

I have nearly 6m reasons to agree with gs 🤠

[goldenshare888] 05/6/2019 08:18

Who would sell this for 2p after that RNS?!!!

[goldenshare888] 05/6/2019 08:16

and SALINBAS could provide it in a day as a little bonus....!

Food for thought and why I will not be joining the punters having their shares creamed off them by market makers!

LOL

:-))

[ironstorm] 05/6/2019 08:16

Lovely report. Gold on a rip.

Well timed talk of next year potential.

Well done team.

Waiting for the magic 2p+ close. Maybe today?

[skara brae] 05/6/2019 08:11

Yep, 50k ounces annual production in 2020 will support your prediction goldenshare.

[goldenshare888] 05/6/2019 08:10

AAU will hopefully kiss goodbye to 2p area this week and breakout towards 3p.

I'm hoping for 10p+ within 12 months....


:-))

[charles clore] 05/6/2019 07:55

Great report. How much longer can the market ignore this gem?

[shortarm] 05/6/2019 07:48

And they're looking at the best way to reward loyal shareholders:-)

[soulsauce] 05/6/2019 07:35

What's not to like apart from the share price and lack of commentary from PG.

Excellent statement.

[mcmather] 05/6/2019 07:23

Notwithstanding all of the ongoing explo work and the potential of the prospects, the below coupled with the general low cost of operation surely warrants a higher share price?

"Total revenue for the year was c. US$37.8 million in gold and silver sales"

[shortarm] 05/6/2019 07:19

Indeed! Excellent stuff!