Arian Silver Share Discussion Threads

[gekks] 06/10/2015 16:12

Good to see Silver above $16

[proactivest] 06/10/2015 14:49

Video interview with CEO Williams



Jim Williams, chief executive of Arian Silver (LON:AGQ), says the company’s financing deal with Quintana could be finalised in as little as two weeks, bringing some much-needed cash into the business.

He also comments on the firm’s updated resource estimate for its wholly-owned San José silver project in Mexico.

Drilling earlier this year around 1km of the east-west strike of the San José vein, added almost 20 million ounces of silver, 27 million pounds of lead and 46 million pounds of zinc to the previous model.

According to the company, the resource remains open along strike and at depth, and so has “significant” potential to be expanded.

[11_percent] 05/10/2015 09:53

Northland Capital's view:
"Market Cap: £2.6m; Current Price: 7.8p
Downgrade to mineral resource estimate

Arian Silver Corporation has downgraded the size of its mineral resource estimate from the San José Silver Project. Contained silver reduced to 83.2moz Ag from 117.26moz Ag (c. -30%). Contained lead reduced to 178.7mlbs from 272.27mlbs (c. -50%). Contained zinc reduced to 341.4mlbs from 560.41mlbs (c. -40%).
This downgrade in the resource includes the extension drilling completed below the town of Guanajuatillio that added c. 20moz Ag, 27mlbs Pb and 46mlbs of Zn, however the higher cut-off grade of 100g/t Ag compared to 30g/t Ag used in the previous mineral resource estimate is the dominant factor in the large reduction in contained metal. The updated estimate also captures the depletion from current and historic mining.
NORTHLAND CAPITAL PARTNERS VIEW: Arian Silver has updated its mineral resource estimate with a cut-off grade that reflects the volume of mineralisation that could feasibly be extracted at the current low silver price. The previous mineral resource estimate included oxides, transition zone and sulphide mineralisation (c. 30%), it’s not clear at this stage, if this is also the case for this latest mineral resource estimate and we await the publication of the independent NI 43 101 compliant Technical Report in 45 days’ time for confirmation. The sulphide content of the resource is important as Arian’s La Tesorera processing plant is only able to process sulphide mineralisation. The current resource boundary at San José only extends to c. 200m below the surface and the San José Vein remains open at depth and also to the east and west, so there is significant potential to add to the minable and processable resource."

[wstirrup] 02/10/2015 14:31

CC.. That would be nice if work hadn't dried up, savings mostly spent, and little prospect of future work on a permanent basis due to a slack economy, and this ageing has-been.

Who is at home during the day, if not the self-employed, retired and those of us between posts/contracts?

W.

[bean02] 02/10/2015 11:33

Quoting buys as sells

[charles clore] 02/10/2015 11:08

Wstirrup - as far as I can tell a lot of Glencore's PM assets are forward sold at much lower prices than today's. I have no doubt their derivatives run into the trillions of dollars. So it might serve as a wake up call if they go under because there will be a whole labyrinth of paper shorts to unwind before the true price of silver is 'discovered'. Already we are seeing large premiums on coins and the closure of mints around the world due to shortages can only lead to an increase in the real price of silver. So to sum up, I believe it's time to get into physical PMs. The savvy are already doing it IMHO.

[charles clore] 23/9/2015 10:27

DT1010 - I think we have seen the bottom in physical precious metals. But we may have not yet seen the bottom in manipulated paper gold futures imho

[dt1010] 22/9/2015 21:06

Agree H. We have yet to see the bottom in silver or gold.

[charles clore] 22/9/2015 11:09

Looks like the grand old duke of York's around this morning.

[charles clore] 22/9/2015 09:15

juju - if the silver price doesn't pick up this is not a good long term investment imho. But perhaps a good trade for now

[hectorp] 22/9/2015 09:05

bold of you, ju! not for me.
Will wait till I see silver metal over $16-17 before i touch silver miners
and then it will be silver wheaton.. play safe.

[juju44] 22/9/2015 08:42

double bottom and i like a gamble

[edjge2] 22/9/2015 08:37

20% up a few days ago then retrace, boom up today but unable to reentry at liftoff. I assume moving on low volume. 11% correct all pre-arranged. Monday was reenttry day, but not confident in this lot at all.

[sir andrew ffoulkes] 22/9/2015 08:13

One wonders if Quintana have been shorting for their own ends?

[edjge2] 22/9/2015 07:46

11% if they don't get their finger out you're correct. No more 'mistakes' allowed.
Re RNS that It is envisaged that the Loan Note will be amended to accommodate up to US$10 million additional finance from Quintana and that the conversion price be amended to be equal to Market Price (within the meaning of TSX-V policy) per
common share provided such Market Price is not greater than C$0.165 per common
share.
Q only get max CAD 0.165 or approx £0.083?
Seem to remember Q interest rate was some 14%! So this was on its way just before the 50% AGQ crash after the last 'summer' bankhol.
Not yet set in concrete.
Pretty illiquid previously so difficult to trade.
Suppose bounce today followed by reality and then AG price another factor. But may be bouncing too.

[11_percent] 21/9/2015 22:56

Calm down big boy.....trading On Toronto suspended.

Let's see what happens at 7 tomorrow.

You do know, it is already arranged.

My bet, one last pump and dump.

[magnus9] 21/9/2015 22:21

Surely it's time this dog was terminated. Hopefully the next RNS will put it out of its misery.

[11_percent] 21/9/2015 21:37

Well, 7 tomorrow morning.

If they say they have finance, it is most likely a lie, pump and dump before the death.

El Bandito!