Ariana Resources Share Discussion Threads

[soulsauce] 16/9/2020 12:28

It would make sense acto. Chf have the rig until mid to end of October.

[actonovator] 16/9/2020 12:17

From (my very poor) memory I'm reasonably certain KS said in an early Summer interview that drilling might commence in August in Cyprus. Obviously August has come and gone but surely drilling cant be far off. Biggles whats the situation with CHF drilling? Just wondering if the drilling market in Cyprus is sufficiently modest that Ariana are waiting for CHF to finish before thaey utilise the same team?

[sonoftherock] 16/9/2020 12:17

Selling appears to have dried up at least for now.

[cool hand kev] 16/9/2020 12:05

SP Might be due a breakout here too

[cool hand kev] 16/9/2020 11:49

I also hold CHF and as you say a very low market Cap of £5 million
SP currently attempting breakout at 8p which some say may take the share price up to 11-12p area. Might be work a look for some apparently the reason for todays rise is a Broker recommendation. But as always DYOR

[bigglesbingham] 16/9/2020 11:28

For those of you in xherstfueld resources you will know the content of this post for those of you that don't it's not a ramp for CHF but guidance on and excellent document which has resulted in a 17% uplift in GHF which should give insight into our Venus joint venture. On their website they has issued a thirty page report and within this report it clearly explains the potential within Cyprus and as you will know we have exposure there via our newly formed Venus JV and as of yet the potential although taking a minnow like CHF to market cap of over 5 million on basis of holding licences it isn't priced in to AAU. A couple of positive drills from Venus using the technology Kerim developed at uni (which has resulted in AAU being one of the lowest exploration cost per ounce in the world) should propel the shareprice. This is likely to be after the JV with Ozaltin is concluded so plenty to look forward to after conclusion of JV imho.

[shortarm] 16/9/2020 08:15

I've got one - didn't know they do alerts?

[a.fewbob] 16/9/2020 07:49

Use IG index, open a spread bet account.

[shortarm] 16/9/2020 07:38

Can anyone recommend a live prices app that does alerts?I.E. bid moves = alert?

[cyberbub] 15/9/2020 23:35

It looks to me like the POG is readying itself for a new move northwards soon, although that's just my amateur charting view.

[alwaysevolving] 15/9/2020 22:52

I recon there is a decent possibility this stock could go absolutely ballistic with a continued Gold and PM bull market?

Not be long now....

[1candc] 15/9/2020 19:59

Worth a read, note the ball park production costs per ounce mentioned: -

'Before this year’s massive price rally in gold, most of the mining companies have been using the $1,200 price for their projects.'

Shows our production cost of circa $600/$700 per ounce is probably the lowest cost across the whole sector I would venture

[gaddy88] 15/9/2020 19:26

Ah true so maybe mid-October.

[thanksamillion] 15/9/2020 18:57

You are, 30/09 last year, however, covid and other things have delayed recent updates a tad.

[gaddy88] 15/9/2020 17:38

Am I correct that the interims are due month end?

[soulsauce] 15/9/2020 17:33

I think we will be consolidating until the JV is done tbh.

[bigglesbingham] 15/9/2020 15:54

Forgetting charting for a minute there was an increase due to positive news flow then some individuals decide to sell some or all of their holding maintaining a period of consolidation before the next leg up again on positive news. It's not rocket science and it up to individuals to decide whether there's future growth potential from here and if so and if funds are available then top up. That's been my philosophy here for last 7 years or so.

[actonovator] 15/9/2020 15:30

the chart looks like we're flatlining

[cool hand kev] 15/9/2020 15:09

It generally appears as a diminishing trading range and then it pops.
It Looks like we're due a POP

[jc2706] 15/9/2020 14:49

The share price has been acting in this way since March. It is sometimes referred to as a staircase I believe. This would be the shortest consolidation period of the four since then if it finished now.

[charles clore] 15/9/2020 14:33

I honestly didn't expect the price to hover around this level for as long as it has. It's a great buying opportunity imho especially with the jv deal and dividend decision so close.

[pauliewonder] 15/9/2020 12:10

Whilst the price action is somewhat frustrating, this is where top investors earn their money....by holding. Buying and selling are the easy bits, it's holding (particularly when in profit) that's the hard part.

[sonoftherock] 15/9/2020 12:02

Be careful what you wish for. We've already had 1.0p (and some of us took advantage). 10p would be nice though.

[cyberbub] 15/9/2020 11:44

I'm hoping for a round-number share price in the not too distant future. Starting with '1' and ending with '0'.If the price of gold goes to $3000 next year then who knows, there might be another number in the middle LOL