Share Name Share Symbol Market Type Share ISIN Share Description
Mariana Resources LSE:MARL London Ordinary Share GG00BD3GC324 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -1.41% 70.00p 69.00p 71.00p 71.50p 69.50p 71.00p 261,894.00 13:55:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -7.8 -1.1 - 86.84

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16:15:1371.0014,60010,366.00O
16:11:0970.5025,00017,625.00O
15:35:4970.502,0001,410.00O
15:30:0570.5015,00010,575.00O
15:12:3669.205,8734,064.12O
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DateSubject
07/12/2016
08:20
Mariana Daily Update: Mariana Resources is listed in the Mining sector of the London Stock Exchange with ticker MARL. The last closing price for Mariana was 71p.
Mariana Resources has a 4 week average price of 73.74p and a 12 week average price of 67.53p.
The 1 year high share price is 83.50p while the 1 year low share price is currently 12p.
There are currently 124,050,705 shares in issue and the average daily traded volume is 375,011 shares. The market capitalisation of Mariana Resources is £86,835,493.50.
07/12/2016
08:32
xow98: If HM is such a great find, is it not odd that the only disclosed director deal in the last year is the sale by Eric Roth of 2.8m shares (roughly 37% of his holding) at 3.5p on the 3rd June 2016, less than a month before the share price moved up to 60p? Why no director buys? (I am assuming that any warrant / Option exercised by a director would have to be disclosed as a director deal). They can't have been in a closed period since the find. I am a long term holder.
02/12/2016
09:09
gersemi: Just published today. With thanks to Taylor Dart at S-Alpha: Top 2 Gold Juniors For 2017 Dec. 2, 2016 3:49 AM ET| Taylor Dart HTTP://seekingalpha.com/article/4027753-top-2-gold-juniors-2017 #1 - Mariana Resources Mariana Resources (OTCPK:MRLDF) only recently came under my radar, but has since taken over top spot as my favorite junior miner. The company is currently sitting on the largest discovery in the past decade, and is hitting the highest grade drill results I've seen since Ventana Gold. For those not familiar with Ventana Gold, the company was taken over in 2011 by Eike Batista for $1.43 billion dollars. At the time Ventana Gold had a resource of 3.9 gold equivalent ounces, at an average grade of 4.0 grams per tonne gold. (Source: Stockcharts.com) The above chart is of Ventana Gold which provided shareholders with a 7000% return over the course of only 3 years. The discovery was the largest one since Aurelian Resources, and received a takeover price of $366 / oz. Mariana Resources has only just started drilling its Hot Maden Project in Turkey, but thus far the results are jaw-dropping. The grades reported at Hot Maden are nearly double that of Ventana's drill results, in addition to being over thicker intersections. For those who are not familiar with Ventana Gold, I have shown drill intercepts from each company below to compare the two. Below are examples of Ventana Gold's five most significant drill intercepts during its 2009-2011 drill campaign: 1. LB-051: 51.6 meters of 7.85 grams per tonne gold 2. LB-047: 56.5 meters of 6.60 grams per tonne gold 3. LB-143: 84 meters of 13.66 grams per tonne gold 4. LB-01: 107 meters of 7.81 grams per tonne gold 5. LB-112: 94.5 meters of 5.83 grams per tonne gold Most junior explorers would dream of hitting even one of these intercepts, yet Ventana had several of them on the path to delineating its nearly 4 million ounce resource. In 2015, investors were introduced by Mariana's Hot Maden Project and thus far, we have seen results like these: 1. HTD-04: 109 meters of 9.0 grams per tonne gold 2. HTD-05: 82 meters of 20.4 grams per tonne gold 3. HTD-15: 117 meters of 13.9 grams per tonne gold 4. HTD-34: 71 meters of 32.7 grams per tonne gold 5. HTD-71: 69 meters of 62.7 grams per tonne gold Taking a look at the above drill results, Mariana's drill intercepts are thicker intersections with over double the grades. While Ventana's LB-047 hit a 56 meter intercept of 6.60 grams per tonne gold, Mariana hit a 69-meter intercept of 62.7 grams per tonne. This is a slightly thicker intercept with 900% higher grades, and was released just last week. The other impressive part about Mariana when comparing to Ventana is the minimal exploration work that has been done at Mariana's Hot Maden. Ventana needed over 150 holes to prove up these five intercepts and a resource of over 3.5 million ounces gold equivalent. Thus far, it has taken Mariana Resources 70 holes to release more impressive drill results and delineate the same size resource. (Source: Company Presentation) The most recent drill results reported from Hot Maden were also the highest grade drill results at the property to date. Mariana reported 69 meters of 62 grams per tonne gold, which is the highest grade drill result I have ever seen since I started looking at gold stocks. Given this most recent intercept, I believe there is a possibility the project is very close to the 4 million ounce mark already. Mariana Resources currently has 121 million shares outstanding, giving the company a market capitalization of $145 million (NYSEARCA:CAD) at its current share price. While Mariana Resources only owns 30% of the Hot Maden Project, this is still a far way from the $1.4 billion price tag that Ventana fetched in 2011. Mariana Resources most recent resource estimate was an eye-opener for shareholders. The new resource for Hot Maden stands at 3.5 million ounces at 15.0 grams per tonne gold. Currently, Mariana Resources' 30% ownership at Hot Maden is worth roughly $145 million CAD. This means that the total project is worth $478 million dollars. While I agree that a discount should be given as it is in different mining jurisdictions, I believe the current discount to be far too large. I believe Mariana's ounces have a fair value of $325.00/oz compared to Ventana Gold's $366.66/oz. While I believe it is fair to place a 30% discount on Mariana's ounces compared to Ventana's due to country risk, 25% of this discount should be added back to account for grade disparity. Mariana Resources' grades are almost 400% higher than that of Ventana's with a resource that is almost the exact same size. This should make a significant difference when comparing cash costs for the two companies, and I expect the PEA should show all-in sustaining cash costs at Hot Maden of under $500/oz. By applying my fair value of $325 / oz to Hot Maden, the project should have a value of $1.13 billion dollars. This means that Mariana's 30% ownership should be worth $341 million dollars, more than double their current market capitalization. For this re-rating to occur if my assessment is correct, Mariana Resources would command a share price of $2.85 CAD. (Source: Company Presentation) (Source: Company Presentation) Mariana Resources is currently moving towards development with the expectation that a PEA will be released for Hot Maden within the next month. This should give investors a much better idea what mining will look like at the project, and where costs might come in for this ultra high-grade gold deposit. I expect all-in sustaining cash costs will be projected at below $500 / oz, which would be the lowest all-in sustaining cash costs in the industry currently. The pre-feasibility study is also planned for 2017, and this should put Mariana even more on gold majors' radars. Typically gold majors want to see as much as a gold junior's hand as possible, before making a move on their deposit. The pre-feasibility study will be significant enough for gold majors to decide whether they want to make a move on Mariana's 30% stake.
22/11/2016
15:38
pr0t0n: Barry, I emailed Glen last week to ask about these warrants. Majority was allocated to Sandstorm and N. Americans . 16.5 million to be precise @ 2.5 p.( see below)) Also 4.1 million in October 2015 ( see bellow) I also asked if he believes that these warrants would be in strong hands. He said that most of them would be. So far if I recall only 3-4 million was issued out of 21 million. I`d imagine some were sold into the market. ( 10/1 consolidation ) A strategic North American royalty company and its consortium have agreed to participate in the private placement for a committed US$5 million. Mariana has already received commitments in excess of the minimum placement amount of GBP4 million, with the ability for the raising to be increased up to GBP6 million. http://uk.advfn.com/stock-market/london/mariana-MARL/share-news/Mariana-Resources-Ltd-Mariana-Resources-Ltd-Mari/71244114 http://uk.advfn.com/stock-market/london/mariana-MARL/share-news/Mariana-Resources-Raises-GBP6-Million-Via-Private/71347020 The Company has also issued one warrant for every 2 shares subscribed for at a strike price of 3p with an 18 month expiry. Total related warrants to be issued will be 41,125,000. http://uk.advfn.com/stock-market/london/mariana-MARL/share-news/Mariana-Resources-Ltd-Mariana-Resources-Ltd-Comp/68962405
18/11/2016
09:24
pr0t0n: Good Morning Cpap ! Did author of that article use old thread as inspiration ? http://uk.advfn.com/cmn/fbb/thread.php3?id=22321922 Some interesting thoughts back then: Reasons for "the Golden Takeover Target" "Mariana is no longer a tinpot explorer. It has some of the best prospective tenements in the Deseado Massif, with potential for huge bulk tonnage discoveries. You just need to look at the disoveries made by Patagonia Gold, Argentex Mining & Extorre to get a feel for the enormity of the prospect. Hochschild Mining have been sniffing around Mariana like a dog on heat for 18 months. At this moment HOC have officially 8.58% - but it is speculated they have much more. In Nov 09 Mariana knocked them back for an extra $750k placement and then promptly placed £2.6m at a premium to the then share price. At this moment in time HOC are restricted to a maximum of 19.9% of MARL shares. I think it highly unlikely that Mariana have any intention of bringing the Company into production. On their website the slogan is "Adding value by Discovery in South America".
21/9/2016
10:34
gersemi: Nicked this from 3-I's..thanks to Ph-Brown : '10:52 Share price present and future Pharma Brown I'm quite surprised how below-the-radar MARL currently seems to be, with tiny volumes and little liquidity. I would have anticipated that the price by now would have been rising strongly in anticipation of the all-important PEA. At this rate, if the PEA just suddenly appears and (let us speculate) tells us that it will cost less than $200 to produce an ounce of gold from our 30g/t main resource and with gold price > $1200/oz the profit will thus be in excess of $1000 per ounce (and 1.25 million ounces equating to $1.25 billion!!) then where will the inevitable price spike take us to? Does anyone have knowledge of how NPV should relate to Market Cap (albeit this being AIM)? With current market cap of only £66m on a mid-price of 55.5p and 119m shares in issue, we must surely be looking at many pounds per share and massive multi-bagger? Could this be like those amazing 4 or 5 days when REM moved up from share price of one-tenth of a penny to 2 pence at highest after it released its 'World-Class Lithium Resource' figures? Hot Maden is right up there at the top of 'World-Class' gold resource charts. PB - getting very VERY excited, 100% portfolio invested here!! '
28/6/2016
12:18
gersemi: DirectorsTalk Highlights » Mariana Resources Ltd. (LON:MARL) hit a new 52-week high and is uptrending Mariana Resources Ltd. (LON:MARL) hit a new 52-week high and is uptrending and has GBX 7.72 target or 93.00% above today’s GBX 4.00 share price. The 6 months bullish chart indicates low risk for the GBX 48.59M company. The 1-year high was reported on Jun, 28 by Barchart.com. If the GBX 7.72 price target is reached, the company will be worth GBX 45.19M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.27% or GBX 0.05 on June 27, hitting GBX 4. About 8.29 million shares traded hands or 12.03% up from the average. Mariana Resources Ltd. (LON:MARL) has risen 2564.47% since November 26, 2015 and is uptrending. It has outperformed by 2566.69% the S&P500. HTTP://www.bibeypost.com/whats-propelling-mariana-resources-ltd-to-reach-52-week-high/
18/5/2016
09:35
pr0t0n: 04 May 2016 Mariana Resources (LON:MARL) – BUY*: Placing Market Cap: £21.7m; Current Price: 2.5p; Target Price: 5.4p (from 4.8p) Closes £6m placing Mariana Resources has raised £6m through the issue of 330,000,000 shares at a price of 1.82p per share. Following the placing Sandstorm Gold Limited (SSL.TSX) has become a significant shareholder of Mariana with 7.56%. Forecasts updated. BUY rating maintained and price target upgraded to 5.4p (from 4.8p). NORTHLAND CAPITAL PARTNERS VIEW: Following the completion of Mariana Resources £6m placing we have updated our forecasts and price target. The recent share price appreciation experienced by Mariana’s ultra-high grade peer group relative to the Company has left it looking undervalued. Our price target is based on the average market capitalisation per gold equivalent resources ounce of the ultra-high grade peer group and our estimate of the Mariana’s attributable gold equivalent resource base at Hot Maden using current metal prices; over the number of shares we estimate will be in issue in 2017. As a result, we have increased our price target to 5.4p per share from 4.8p. http://www.proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/24905/northland-capital-partners-view-on-the-city-starcom-arian-silver-corporation-mariana-resources-immupharma-24905.html
05/11/2015
16:55
liquid millionaire: MARL share price target = 4.8p Mariana Resources has had a transformational year with the discovery of ultra-high grade gold and copper mineralisation over large intercepts at the Hot Maden Project, located in Turkey. In just six months since its discovery, Mariana and its joint venture partner Lidya have advanced Hot Maden to a maiden mineral resource estimate of an impressive 2.9moz of gold equivalent at an exceptional gold equivalent grade of 10.9g/t Au (NCP calculation based on current prices, reported estimate is 3moz Au eq. at 11.2g/t Au eq.). The definition of the maiden mineral resource estimate at Hot Maden is an important milestone for the Company and one that allows us to introduce forecasts and a valuation of the Company, as a result, we have upgraded our SPECULATIVE BUY rating to BUY. The potential upside to Mariana’s share price is reflected by a comparison with a basket of other companies that have interests in other ultra-high grade deposits that vary in development stage from resource to production. The ultra-high grade peer group’s valuation per ounce of gold equivalent on average is £61/oz Au eq. with some as high as £146/oz Au eq. Mariana currently trades on a multiple of £17/oz Au eq.. Considering the very fast progress made to date and our continued expectations regarding the pace of progress at Hot Maden, with a resource upgrade and a preliminary economic assessment (PEA) likely before the end of 2016, there is much for investors in Mariana to look forward to in the coming year.
02/11/2015
15:53
pr0t0n: I guess they were waiting for outcome of Turkish elections, here we have first broker report: A big year so far for junior gold explorer Mariana Resources (LON:MARL) is not being reflected in its share price according to broker Northland, which has upgraded its rating to ‘buy’. Mariana is in the ultra-high grade gold group of juniors says the broker due to the results from its exploration at Hot Maden in Turkey. A maiden resource of 2.9moz of gold equivalent at a 10.9g/t grade is exceptional says the broker, which has published forecasts in its analysis for the first time as a result. The resource was based on only seventeen drill holes, but four additional resource expansion holes and five exploration holes already have already been completed in a new programme adding to the defined area of mineralisation. “That is to say it is now known that the resource will increase but the share price has not increased, in fact it has decreased, providing an opportunity to take advantage of positive share price movement following the resource upgrade.” Peer group operations, which range from early stage exploration to production, have an average valuation per ounce of £61/oz gold equivalent with some as high as £146/oz says Northland while Mariana currently trades on a multiple of £17/oz. Hot Maden is being explored by Mariana’s Turkish partner Lidya, which has taken a 70% stake, with a further resource upgrade and a preliminary economic assessment due before the end of 2016. Northland now has a price target of 4.8p compared to a current market price of 1.75p. “Our price target is fully diluted taking into account the increase in share capital that would occur from an equity financing in 2016 at the current market price,” it adds. Having been a ‘speculative buy’ previously, the rating is now ‘buy’. http://www.proactiveinvestors.co.uk/companies/news/116952/mariana-resources-ticks-the-high-grade-boxes-for-northland-116952.html
18/2/2015
11:43
skier100: MARL share price now ready to burst back into the 2s.
Mariana share price data is direct from the London Stock Exchange
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