Mariana Share Discussion Threads

[pr0t0n] 07/3/2017 13:57

Barry,

Most of these warrants are @25p ( 16.5 million ), that`s after consolidation.

.... Mariana Resources Ltd ("Mariana" or the "Company"), the AIM listed exploration and development company with projects in Turkey and South America, announces the closing of the private placement for 330,000,000 ordinary shares in the Company (the "Shares"). The Company will be issuing one warrant (a "Warrant") for every two Shares subscribed. Each Warrant will be exercisable for a period of two years to acquire an additional Ordinary Share of the Company at an exercise price of 2.5p. Following this placement, Sandstorm Gold Limited TSX:SSL ("Sandstorm") has become a significant shareholder with a holding of 7.56% in the Company.

The placement price as announced on the 26 April was 1.82 UK pence

It is expected that 330,000,000 million shares will commence trading on AIM on or around Wednesday, 11 May 2016....

[barrywhit] 07/3/2017 13:16

They can't let the share price fall any lower else they may struggle to get the 18million warrants exercised, then they would need a placing this summer......

[pr0t0n] 07/3/2017 11:47

Mirabeau,
The way things are panning out they may not get time to prove up....and I wouldn`t be surprised.

[mirabeau] 07/3/2017 10:04

My opinion for what it's worth. The asset is world class but MARL need capital if they intend to proceed to full scale development. Could the price be pricing in a capital raising?

I said before that they should prove up and get rid

[herbert howells] 07/3/2017 10:00

It sounds like you're an LTH like me. I don't agree that the company 'haven't helped themselves'. Maybe the fact that some of us are less in profit after large gains is down to us for holding when we should have sold the high.

[herbert howells] 07/3/2017 09:37

Look at the chart. Price has bounced from around 63 a couple of times and should do again. If so, it looks like it's trading a range, say, 60 to 80 and maybe 90. If you can't beat the T traders, maybe join 'em. No guarantees, of course, but if it bounces I am thinking resistance around 72, 76 and 80.

[barrywhit] 07/3/2017 09:23

Trouble is the "T" traders are moving back in so will be sold within 20days...
The company haven't helped themselves i'm afraid, lack of news even with a good resource is a no no on AIM......

[herbert howells] 07/3/2017 09:19

Not sure about that. It looks like panic but there is a lot of buying at the 200 day moving average. The earlier trades at 63.50 and above were buys not sells. I bought some at 63.50 when the range was 63.50 to 64.

[barrywhit] 07/3/2017 08:29

Looks like panic set in first thing today.....

[barrywhit] 06/3/2017 15:42

Looks like the shorters have it for the moment.......

[pr0t0n] 06/3/2017 14:11

Latest PDAC presentation on MARL`s website :

[barrywhit] 06/3/2017 08:33

cpap man, nothing has changed, just the traders have moved on until the next Hot Maden update.......

[bookvan] 06/3/2017 08:26

Cpap man

You asked for constructive thoughts.

A few days ago I tried stir up the board to get some frank discussion of the issues. Like you, I was looking for reasons to remain invested. I had already sold a proportion of my holding but was tempted to sell it all.

At the time the boards had gone almost silent and I wanted to get an idea what people were thinking. There were a few replies and none of them 100% persuasive. That's not a criticism: it's nobody's job to make my investment decisions for me.

It might surprise you but I decided to remain invested in MARL. In fact, I brought my holding up to be equal to SOLG. It had been much, much less.

I am not sure I can give you concrete reasons any more than other posters could. I don't think Turkey is a problem for MARL but it could for some investors. There seems to be a real effort by some people to make investors think it is.

There are a couple of comments by other posters I would draw attention to. First, a post by Chipperford on this board said the story hadn't changed. As far as I can see there is no evidence at all that he is wrong about that.

Second, a post on LSE by Kelsbels. He said that Eric and Glen are just plodding along - his phrase - getting on with the job. I think he has put his finger right on it and there is quite a lot that we can infer from that - all of it favourable.

So - having been or almost been in your position and given the matter a lot - I mean a lot - of thought, I have become a lot more positive.

I hope some of this helps your own considerations as people on here were kind enough to help me with mine.

[pr0t0n] 05/3/2017 20:00

PDAC 2017: March 5 - 8

Where the world’s mineral & finance industry meets
Corporate Presentation
Gold: Exploration
Mariana Resources Limited
11:20 AM - 11:40 AM
Glen Parsons

[barrywhit] 03/3/2017 12:01

Disappointing to see Glen let the share price drift like this, no Hot Maden drilling news since December......PDAC starts Monday....

[bittorrent] 01/3/2017 07:23

Although the political situation in Turkey is not ideal, I too think it is just a lack of news that has seen this drift down, after all it hasn't been a sudden crash. The only positive might be that I suspect there are investors sitting on the sidelines waiting to buy back in when it turns, so the reversal could be quite quick.

[bookvan] 28/2/2017 23:39

Kelsbels on LSE. Read your post to me. Interesting points. Thanks. And yours, chip.

[chipperfrd] 28/2/2017 17:48

bookvan,

I cannot comment on posters on the LSE site as I don't access it.

I don't worry too much about what other people do unless the background story has changed.

Hot Maden still looks (to me) like an excellent project to hold shares in, so unless some major issue arises, I will keep holding and trying to get my average lower.

All the best
Chip

[bookvan] 28/2/2017 17:08

Hi dilbert

"Not much to talk about if you do not have news."

That never stopped 'em on the LSE board. Not a bit. I read the stuff.

[bookvan] 28/2/2017 17:06

Barry - thanks for coming back to me. The trouble is, the so-called investors who have stopped posting are the ones who took a pride in being long time holders. Day after day on LSE they posted to the point of boring for England. On past showing, these should have been the last to sell. But - unless most of them are hiding - that's what they've done.

That's a good point about the warrants. Slow motion dilution.

[bookvan] 28/2/2017 17:02

Chip - I respect your opinion. There's nobody more deserving of respect posting on ADVFN. But doesn't this strike you as more than a zig zag. That bounce off 70 a few weeks ago shouldn't have stalled like it did. I'm wondering if there is something else.

[dilbert dogbreadth] 28/2/2017 16:59

Not much to talk about if you do not have news.

[barrywhit] 28/2/2017 16:37

bookvan, with reference share price, MARL is news driven so most of the so called "Investors" have sold out I would imagine as we have not had Hot Maden news for a few weeks....forward selling warrants don't help also....

[chipperfrd] 28/2/2017 16:29

bookvan,

The average time for a PM company to move a project from first resource statement to production is c. 8 years !!

Frankly, worrying about zig-zags in the stock price over a few weeks/months are (as far as I am concerned) not an issue, but obviously provide opportunities to reduce holding costs for those with longer time horizons.
Chip