Ariana Resources Share Discussion Threads

[rumpus1] 23/9/2020 07:05

Looking at the overnight gold price NS might well get his wish. Think I might get a little greedy later...

[8rad] 22/9/2020 20:27

CC ...spot on.Why agonise over a no-brainer.

[1candc] 22/9/2020 17:05

Update from NS

"I see that AIM-listed Ariana Resources (AAU) has slipped below 6p to 5.75p. Given that I expect to see 10p some time over the next year, I feel slightly tempted already. I am still very overweight in Ariana so I’ll hold fire for now, but if it drops to 5p the temptation will be irresistible."
end

Me - I don't see the share price dropping that far but who knows with the endless trudge of sellers over the last couple of days where the price may end up. I have topped up at various points in the drop but 5p would necessitate a large purchase, I hope it doesn't come to that.

[1candc] 22/9/2020 16:59

Gold is likely to recover quickly after Monday’s sudden selloff, according to Commerzbank.

[charles clore] 22/9/2020 16:38

Come on Kerim ffs lets get this show on the road!

[1candc] 22/9/2020 07:46

Frustratingly another day without news, will the exodus continue or are the weak holders clear now? Gold and Silver have had a small correction but IMO will bounce back as will the share price on expected news.
The weak holders are still baling out, what I would give for a mid afternoon RNS to set the cat amongst the pigeons!

[plasybryn] 21/9/2020 21:51

Sorry - noncommittal

[plasybryn] 21/9/2020 21:49

Deal announcement- "Coming weeks" which was stated at the start of September, implied to me it would be within September otherwise it would be coming months,or as we have had before, by the end of say October. So my gut tells me the announcement will be before the end of September or is that wishful thinking? Perhaps again they planned on coming weeks which was sufficiently non commits to allow for slippage. Who knows?

[bmnsa] 21/9/2020 21:37

I'm in AAU & GGP along with EEE and happy with all three that I'll make a mint,but not with a hole that is empty.

[uknighted] 21/9/2020 21:30

GGP still up over 10% on Friday’s opening price!

[bonehanmer] 21/9/2020 20:05

1candc, quite right! you have only got to look at Greatland Gold and see they are down over 11% today.

[1candc] 21/9/2020 19:55

Silver getting hammered with Gold not far behind, just as well that Ariana has the lowest production costs per Gold ounce of circa $600, so highly profitable even at these lower levels which I think will rebound soon

[plasybryn] 21/9/2020 17:20

This is a great article. This is just the conclusion.

[plasybryn] 21/9/2020 17:19

Monday 21st September So, to conclude: COVID is over in Sweden. We have herd immunity. Most likely, many other parts of the world do too, including England, Italy, and parts of the US, like New York. And the countries that have successfully contained the spread of the disease, like Germany, Denmark, New Zealand, and Australia, are going to have to stay in lockdown for at least another year, and possibly several years, if they don't want to develop herd immunity the natural way.Dr. Malcolm Kendrick | September 21, 2020 at 11:30 am | Categories: COVID-19 | URL: https://wp.me/p2i0Uz-2lN

[charles clore] 21/9/2020 17:09

Doesn't help us much now though does it

[1candc] 21/9/2020 16:20

With the Virus seemingly accelerating again expect more money printing from the central banks, inflation cannot be far away so Gold should do well, I expect to see it over >$2,000 before year end

[rumpus1] 21/9/2020 16:20

Jordan Roy-Byrne on gold situation yesterday. He thinks we were due another pullback and will probably settle lower for a couple of months and then take off end of this year / early 21.

[cyberbub] 21/9/2020 16:09

I guess the question is whether gold is just in a short term dip into the 1800s like some chartists have been calling, or whether it's being knocked down more seriously? I suppose that in any case Ariana's low cost of production means we will be hit less than more leveraged goldies... Hopefully...

[1candc] 21/9/2020 15:54

Bought 52,494 @ 5.722, not showing.
This will slam into reverse on JV news, the big moves up are waiting in the wings

[jc2706] 21/9/2020 15:32

Margin calls generally but it is still in correction mode.

[cool hand kev] 21/9/2020 15:25

Why has gold fallen?

[thanksamillion] 21/9/2020 15:16

There is a need to defend Gold starting at $1900 for $1865 August low to hold.

[thanksamillion] 21/9/2020 12:11

Hmmmm, the global drop in share values has upset my calculations. Could dip to 5p in absence of news, I hold for now and may add if the sofa yields a windfall.

[bonehanmer] 21/9/2020 11:34

Can't believe we are currently down more than HSBC despite the news flow about the big banks this morning. A great buying opportunity ahead of imminent news.