Ariana Resources Share Discussion Threads

[dixi] 29/7/2019 11:23

Normal service is resumed at AAU! Wasn't it great whilst it lasted. As for sellers being bought in to question - well they have done really quite well.

[sleveen] 29/7/2019 11:17

The EU sanctions on Turkey will continue to drive the share price down.

GL.

[soulsauce] 29/7/2019 11:11

Down on small volume. Very annoying.

Not tweeted pictures it needs though it is solid news.

[goldenshare888] 29/7/2019 11:04

The infamous "lemming chart pattern" could be forming here....

[goldenshare888] 29/7/2019 11:01

Hope this Turkey manages to put some fat on before Christmas!

[paul280i] 29/7/2019 09:19

New photos on Twitter, diggers, trucks and the crew.

[jaynesdad] 26/7/2019 22:33

Yep, been not such a great week in AAU land but not so bad either. Good weekend all

[charles clore] 26/7/2019 22:29

JD - I was talking about AAU chart. Have a good weekend.

[jaynesdad] 26/7/2019 20:39

Charles, Always...um, whats that in English and are you talking about AAU, POG or POS?
Serious question as Im not a chartist

[thanksamillion] 26/7/2019 19:05

Some analyst on bloomberg saying silver has hit a top and time to get out - for now anyway.

ps. I dont have a view on this, simply passing on the message.

[alwaysevolving] 26/7/2019 18:06

Thanks Charles, yes it looks textbook for a bounce next week and looking at that wick it could be a strong one? Let’s just hope it doesn’t break down through the 20dma or that could get ugly looking at that chart.

[charles clore] 26/7/2019 17:50

Lovely long daily wick on the chart indicates we may have a reversal. The price has stayed above the 20 day moving average (blue line) most of the time since December and I suspect it is about to make its way back there. Let's see what happens next week.

[sonoftherock] 26/7/2019 14:58

It wasn't meant as a big personal criticism. He's CEO of a small miner. I have and have had good friends in very similar situations. I think I understand the games that these guys feel they have to play. I'm just a bit puzzled as to why he would say what he did in the face of the published results. It seems that some are happy to accept what he says, but I would prefer to see some evidence to back it up, that's all.

[charles clore] 26/7/2019 14:32

sonoftherock - I have studied Kerim for a few years. Apart from the assets and potential AAU has, I like him because he is not given to hyperbole but tends to under promise and over deliver.

[jaynesdad] 26/7/2019 13:56

Well articulated sonoftherock. That's precisely how I felt when I read the RNS - is that it? There had been a build up of news that 2000 metres were comfortably exceeded on the run up, photos of samples etc, then (apparently) results that didn't meet the expectation that been built up. It may be true that the results vindicated the model, and that was all it was intended to do - but if so I suggest that PR is lacking because as a listed company each RNS will be seized upon and will effect the share price

[ironstorm] 26/7/2019 12:51

Life skills from CC - don't invest time and effort into things that you don't feel positive about. I like it!

[backmarker] 26/7/2019 12:48

that last trade was a buy, not a sell. I know 'cos it was mine.

[sonoftherock] 26/7/2019 12:46

I think we're pretty much on the same page Kirbs. Patience required, as always. One thing that didn't quite square with me was KS apparently still talking up Salinbas North in follow up video interviews. This despite an almost complete absence of anything reportable in the drill holes. So either there are more and better assay results to follow or he just feels that it's his job to put a positive spin on everything, even where there's little justification. That said, I'm still fairly happy with the way things are unfolding. GLTAH.

[charles clore] 26/7/2019 12:02

Thank you JD. I feel there is little point in not believing in something that you have invested in unless there is something obviously wrong with it. I feel the same way about life in general too.

[jaynesdad] 26/7/2019 11:49

Charles, I love your cup half full approach. Why not? Interpretation of delayed Salinbas results as being positive and celebrating a share price reduction - I raise a glass to your positive outlook to life sir!

[soulsauce] 26/7/2019 11:47

Excellent post as usual Kirbs.

[charles clore] 26/7/2019 11:39

Good points - I would also remind the thread that there are still some drill results to come from Salinbas. Why the delay? Could they possibly be so good that they had to be re-assayed?

Another point is that a re-test of the lower trendline is a positive thing.

[jaynesdad] 26/7/2019 10:16

I'd agree with others here that there is no good reason for this drip down. 2 mediocre (only by comparison with all RNS' of recent memory) RNS and back we are to daily declines - yet we reached 2.5 intra day a month ago. Pics being posted on Twitter imply good news to come, though obviously not yet objective enough to justify a RNS which obviously could affect the market in the shares. Confirmation of the successful April '20 repayment of the loan (maybe they will surprise by earlier repayment by a month or so, just a thought) just has to give a boost - Based on 25000 oz/ $1400 POG/ $450 costs/ 1.25 £/$ I get net income to AAU of over 9m pa - with a current MC of £22m! Please correct me if I am wrong. Seems a no brainer. Just have to sit it out (something us long termers are good at) and hope that the chartists on the board are right and we are about to bounce!

[8rad] 26/7/2019 10:06

Had to top up...it would be criminal not to.