Ariana Resources Share Discussion Threads

[drh3] 07/8/2019 14:19

Oil price also dropping, reducing the cost of extraction

[charles clore] 07/8/2019 13:39

I love the fact that we have plenty of gold and are extracting it for sale at extremely low cost. It must be making the jv around $1000/oz now so exceptionally good profit figures for this year and significantly better the next imho. Meanwhile Cinoib sits on his platform rubbishing practically every other miner but the ones he holds and I have to wonder what kind of pleasure he gets out of that a daily basis and why is he still hanging around here?

[nov31] 07/8/2019 13:17

Gold. Just shy of €1,500. Looking very strong!

[soulsauce] 07/8/2019 12:50

Needs some news to gain interest and repair the malaise caused by the underwhelming Salinbas news and lower than expected production.

Silver now just shy of $17 😊

[jc2706] 07/8/2019 12:45

But there are several on the market in a similar position. A strong gold price will ultimately feed through to them all, even the worst explorers (perhaps not CGNR but you never know).

[soulsauce] 07/8/2019 12:03

Spot on dixi.

[dixi] 07/8/2019 11:57

If investors buy this it will go up. No reason for it to not do so.

Same AAU problem in that nobody is especially interested, as good a company as it may be.

[jc2706] 07/8/2019 11:33

My point was that there are as many gold miners unmoved as those moving so it would be erroneous to suggest that AAU is the odd man out. All will react at some point if the gold bull keeps going.

[cinoib] 07/8/2019 11:00

Jc7206, you missed SRB on that list up nearly 7% which I hold along with AAZ.
Charles you need to check out AAZ just about the lowest all in cost producer on the planet, then you will see my point more clearly.

[charles clore] 07/8/2019 10:07

Cinoib - I think the AAU share price is only partially reactive to the price of gold but others with higher production will probably respond more strongly. However, those who choose to ignore AAU's excellent cost ratios and concentrate solely on ounces produced are, imho, missing a trick here.

[jc2706] 07/8/2019 10:02

If I look at SHG, CGH, ALTN, ASO - all producing gold, all flat (or down in the case of ASO). HUM and POG only marginally ahead. The ones that are up are the ones that the wider investors always focus on - CEY, HGM, AAZ, HOC, FRES.

[cinoib] 07/8/2019 09:46

See we are still lagging the market again. All gold stocks on my screen are up as is pog, but AAU is going nowhere fast as usual. Just what price does gold have to reach before AAU reacts accordingly.

[charles clore] 07/8/2019 09:43

red imp - good post!

[red imp] 07/8/2019 09:21

Gold now at an all-time high when priced in sterling.

hxxps://www.bullionbypost.co.uk/gold-price/gold-price-history/

[bigglesbingham] 07/8/2019 09:19

Obsolutely

[highly geared] 07/8/2019 08:47

Kiliztepe at 15,000 oz net to AAU and at $1000 net per oz $15million per annum.
At around £12 million operating profit in a bullish gold environment, I’d expect to see a market cap around £60-80 million. With Tavsan to follow and Salinbas in the background, there’s a good story here in terms of low cost producing asset, near term production development and a larger exploration asset to try and monetise.
I’m sure patience will’out’;....

[jaynesdad] 07/8/2019 08:38

Unfortunately you can't exclude the JV partner!
As discussed yesterday with Tavasan in production (at a predicted 30k pa), and with current economic factors, AAUs net income pa will effectively equal or exceed MC, ignoring tax. I'm not sure how to calculate the latter but I believe it is low.

[jc2706] 07/8/2019 08:37

I believe that the Nasdaq Major Commodities prices are futures prices NOT live. The current live price can be found in several places. I tend to use goldprice.com although I do look at kitco.com as it has some interesting commentary occasionally.

[drh3] 07/8/2019 08:00

If this gold price remains and production costs remain the same and production is stable, then I make it that we would be approaching profits equal to half the m-cap of the company per year. Or equal to the m-cap if you don't include the JV partner.

[temujiin] 06/8/2019 23:59

DRH36
Where do you get your gold price live feed from? I think the one I use is at least 15-30 min out...

===================

This shows live prices for gold or silver.

www.bullionvault.com/silver-price-chart.do

[jaynesdad] 06/8/2019 22:40

If only I could tell the future....how good (and lucrative) that would be! Night all

[bigglesbingham] 06/8/2019 22:32

Perhaps it's optimism or JD can tell future if so there are many questions that need answers . Joking apart I have total faith in management and they have created a very good company from scratch which is no mean feat !!

[jaynesdad] 06/8/2019 22:27

Hi DRH3
I just look at Nasdaq Major Commodities. It is constantly updated but I have no idea what the lag is. I just use it to keep tabs so it doesn't have to be especially accurate for my use