Ariana Resources Share Discussion Threads

[paul280i] 15/7/2019 16:56

I was hoping for a future in a palace not in a tent Biggles!

[bigglesbingham] 15/7/2019 16:51

That's why I suggested to company that they need to show the market intent by putting in place facilities to buy back shares and pay dividends. I'm not saying pay large divs or buy huge amounts of shares just enough to show future intent

[backmarker] 15/7/2019 16:47

they must be selling some AAU shares on Amazon Prime day.

it's the only reason I can think of as to why the share price has gone down.

[soulsauce] 15/7/2019 16:35

Kirbs I get where you are coming from to some extent. It's why I have been saying for so long that the company need to find other ways of growing the company and share price, especially given the fickle PI base often influenced by fickle so called experts.

[plasybryn] 15/7/2019 15:05

Kirbs4 - don't they say miners go up most pre production. If true 2020 could well be the construction and commissioning year for Tavsan which when in production in 2021 will more than double current production. We should get a better handle on Tavsan fairly shortly as I believe an update is not far off.
Obviously there is 8000 metres more drilling to be done at Salinbas at some point. The results of the recent 2000 metres will help to guide the next drill programme.
Your S.P. prediction is lower than the very conservative recent Panmure Gordon Note. They provide a matrix of valuations to help see the range. But with higher gold & silver prices, the likelihood of doubling production and debt clearance by April 2020, I suspect 5p is much more realistic by this time next year, but dyor.

[drh3] 15/7/2019 14:29

All depends on your outlook for the wider economy following brexit and once the us/China trade war starts to bite. Even if gold and the dollar exchange is stagnant, if the pound goes down our earnings would go up in real terms.... so I'm staying put until after October for sure....

[kirbs4] 15/7/2019 13:17

Well, i was hopeful of a small dip to this level pre-Salinbas news, in the hope that we got rid of short termers before news was released that matched the excitement displayed on social media. Here we are though after the news. At the very beginning of starting to feel a little stale here without the potential of a significant game changer on the horizon.I know the company is solid, prospects growing, and future looking positive, i just feel there now other options out there with a higher potential upside in the next 12 months, while there are safer long term plays also.Interested in other peoples view of the share price here in 2021? I'm thinking a shade over 3p which is the baseline i am using subconciously when comparing to other options.

[jc2706] 15/7/2019 13:05

It seems pretty clear what they are. Just ignore whether they are published as a 'buy' or 'sell' as the trades are not tagged as such. It is the platforms that determine whether they are published as a 'buy' or 'sell' dependent on whether the price is below or above the mid-price at the time of publishing. It is all a nonsense designed to obfuscate.

[thanksamillion] 15/7/2019 10:57

Looking at the trades whether a trade is indicated as a buy or sell seems completely random. Especially looking at the most recent few.

[jc2706] 15/7/2019 10:17

Unfortunately it seems to have broken down from the pennant formation which is not what I expected (a pennant is usually a continuation pattern which in this case would have targeted 2.9p or so). It would seem that the good but not exceptional RNS for Salinbas has resulted in profit taking. I wouldn't be too concerned but it looks like we are returning to the uptrend that has been in play since October 2018. Support should be 2p+. It is still in a bullish uptrend.

[thanksamillion] 15/7/2019 10:07

I did say a buying opportunity was coming, its a tree shake.

[ileeman] 15/7/2019 09:48

AAU still trending near highs, slight pullback for some reason. Gold still looking strong.

[soulsauce] 15/7/2019 09:45

Gold and silver going up, AAU still falling back :-/

Could do with a good set of quarterlies and that Tasvan update.

[julianc35] 15/7/2019 09:39

Article from ZeroHedge which may be of interest.

A Whale Is Accumulating Silver Futures

Instead of selling futures to suppress the price, our market whale appears to have turned buyer; buying enough to cover China’s annual silver imports, the equivalent of about 43,000 Comex contracts. Clearly, the new strategy is to hedge against rising prices instead of suppressing the silver price. Given this new development, one would have thought that the other seven large traders would have tried to limit their silver shorts and at least keep an even book. There are several reasons why they may not have not felt the need to do so:
There are ample quantities of bullion in the vaults in London and Comex depositories, currently totalling 1.66 years’ worth of mine supply, unlike gold where the underlying bullion stock is very small relative to the paper contracts based upon them.
They appear to be unaware of China’s actions and motives. They may not even be aware of the existence of this long position. If they are aware of it, they may think it is just a technical long, against a short in London’s OTC market.
With global commercial demand declining due to the economic slow-down, they probably feel relaxed about the price outlook for silver, which they will regard as an industrial metal. Base metals show little sign of entering a bull market.
Therefore, with the Swaps category only moderately oversold (net short 12,735 contracts) and the Managed Money category only average overbought (net long 21,923 contracts), the other seven largest traders are likely to feel individually comfortable with their short positions, unaware of the extent to which their fellow traders are also short. What they fail to realise is that they are the shorts against the one largest trader who is long.



Eoin Treacy's view
Silver is a lot less liquid than gold in the futures market, yet there is a lot more silver in the physical market than gold. That typically creates a volatile trading environment for the metal and is why investors have seen silver as a high beta play on gold historically.

[jaynesdad] 14/7/2019 09:58

Just doing some paperwork and discovered I have 500k more AAU shares than I realised. If the rest of the day goes that way I wont have anything to moan at.

[ileeman] 12/7/2019 14:03

Surprised the weakness considering gold still trending on multi year highs, although I do think it will be short lived. Gold looks like it wants to break much higher soon.

[thanksamillion] 12/7/2019 11:14

Another buying opportunity coming up.

[bigglesbingham] 12/7/2019 10:35

No indication what their priorities are but that will depend on any offers when or if they arise

[charles clore] 12/7/2019 09:27

Ironstorm - a very succinct post thanks.

[ironstorm] 12/7/2019 08:01

I have had given Salinbas little value in my calculations other than hope - and a fear that any failure would hit the share hard. I am therefore really happy with this. The fear is starting to dissipate. That is why I think this news will be digested by investors over the next few months and continue the re-rating.

I along with others on here have been eagerly awaiting Tavsan news. Which might also give more of a short-term fillip.

Pop pop!

[theduke420] 11/7/2019 23:38

Like Swallowsflysouth I too had expected a tavsan update before salinbas. Very happy with today's results and should be lots of rns updates in next few weeks.

[soulsauce] 11/7/2019 22:22

Thanksamillion I am from gods own county myself 😊

[temujiin] 11/7/2019 20:41

Another more user friendly rns will be coming out once other results known.
======================

Will look fwd to that, and the interview that normally accompanies RNS's.

[charles clore] 11/7/2019 20:19

biggles - do you know whether a sale would be the board's first choice?

[bigglesbingham] 11/7/2019 19:05

They have said all options are open including going alone !!! My choice is to sell to realise shareholder value quicker , JV or go it alone could take many years to realise full value.