Ariana Resources Share Discussion Threads

[royalalbert] 19/2/2021 11:11

He/she may have run out, we can all pray, LoL.

[lottsgold] 19/2/2021 11:03

Is the seller having a day off today?

[kirbs4] 19/2/2021 10:49

Thanks Biggles will take a look.

[bigglesbingham] 19/2/2021 10:44

What a Bloomberg interview with professor robini earlier this week it's on google. He's a big anti Bitcoin got some very powerful arguments !!

[pauliewonder] 19/2/2021 10:40

Yep I can see that. Shouldn't read RNS too quickly!!

[dixi] 19/2/2021 10:37

Bit of an ooops on the date, I had thought it was unusually late!!

[soulsauce] 19/2/2021 10:34

No it's a restatement RNS.

[plasybryn] 19/2/2021 10:31

I think Bitcoin is here to stay. More big players like PayPal, Tesla, perhaps Apple are giving it credibility. Then we had this: The world’s first blockchain-based investment product has been launched using Microsoft’s cloud technology.
Countries like Iran and Russia are buyers. Some say Iran could become one of the wealthiest countries in the world as a result. How frightening is that? So I don't think we can expect it to go away. Then there is the explosive growth of Decentralised Finance. The growth numbers are amazing. And Non Fungible Tokens (NFT's). But Western governments who have refused to embrace the new world will increasingly have to rely on gold. And as inflation takes hold, many will still prefer gold to bitcoin. It is going to take a decade, perhaps more to make it mainstream. Most, including me, still don't really get to. Mining coins using masses of electricity (not carbon friendly) and then having the Bitcoin stock half every so often. Words like peterhash, Total hash rate, mining difficulty etc. all mean it will struggle to be accepted by many in my opinion.
Silver and copper however are also part of the new world which Kerim & Michael recognise. Their use in commercial applications is also going up exponentially. Copper is already in a sweet spot price wise for miners. Im nirvana land.
I think we will continue to see AAU diversify to areas that underpin this revolutionary shift towards electricity, sustainability and carbon zero applications

[pauliewonder] 19/2/2021 10:30

More director buys :)

[kirbs4] 19/2/2021 10:25

I think Bitcoin and crypto in general is just the fashionable alternative to money which Gold used to be. It basically dilutes the positive reaction in the gold price when turmoil hits the economy because new money goes to crypto as much as resources.Add to that the millenial mindset of wanting to believe they are far more intelligent than every other generation and they see traditional investments as something for old duffers.I think crypto will find its place, but it won't be the currency replacement people hope for because for that it will require the transparency, control and governance that it is built to avoid. For the time being, it is just seen by many as a cheaper, quicker and easier way of making international transactions. That is something financial institutions can improve and remove one of the key benefits of crypto.

[royalalbert] 19/2/2021 10:23

Buying what at 7.8?

[royalalbert] 19/2/2021 10:08

Bitcoin, Elon Musk effect, end off.

[auphilman] 19/2/2021 09:57

Has anyone got a view on the divergence of Bitcoin to Gold right now? I don't want to reopen the argument on the merits of Bitcoin, just what seems to me the weird phenomenon we r seeing right now?

[parsons4] 19/2/2021 09:28

Some very good posts on here. A good RNS this morning so I have virtually doubled my holding. All we really need now is for the excitement in the CRYPTO space to move over to the GOLD sector. This has got to be one of the best small Gold miners out there. GLA

[bigglesbingham] 19/2/2021 08:39

Only one thing I don't think old school boys invested here. Mostly keen personal investors who know the story. Unfortunately one of the keenest Bruce Rowan passed away and now estate has been sorted I believe beneficiaries selling. Doesn't worry me at all because I believe the selling does not reflect badly on the company and just creates and artificially low price providing opportunity to add which will be rewarded in due course.

[bigglesbingham] 19/2/2021 08:35

One thing this deal has done for me is take a large part of the jurisdiction risk off the table. I never felt or feel the Turkish government would nationalise foreign mining companies it just would not make sense. However a less severe way of being patriotic would have been to reduce foreign shareholding of Turkish mines. I'm sure other countries have done things similar. The deal protects against that in that their ownership is less than 25% in Turkey and they are looking at other jurisdictions to invest in ie Cyprus Eastern European companies. I think it's a great move and as I say I'm happier here with share price 4.6 than I was before the deal was finalised at 6.6. Don't get me wrong I'd love the share price to be over 6.6 and it will be when the large seller has finished. Happy days ahead I feel.

[kaos3] 19/2/2021 08:30

imho - in the last few decades we were programmed that general markets are not important when buying individual stock. and in some rare cases such as it is AAU atm offering low risk and high value that is true.

but

I am selling many shares - and it is hard to sell them - at the bid - for my self at least. This market in many AIM shares is not deep and liquid.

I still think that general market conditions in investing have to be observed and that the old school boys which have lots of capital are doing just that. Derisking all around.

Hence unperceived weaknesses all around. Also here.

[royalalbert] 19/2/2021 08:20

The 214925 was me, my buy for the SIPP.

[bigglesbingham] 19/2/2021 08:18

I pointed out earlier that the difference in going 50 to 500 is they are unlikely to need to dilute. Certainly no where near going 5-50m which make the statement very bold but also give an idea of what he expects to find at Salinbas. KS is massively optimistic re salinbas and Cyprus it's just not his style on camera.

[dixi] 19/2/2021 08:17

There is also the possibility of AAU increasing ten-fold much sooner, with a fair wind and without dilution. Market always looking forward etc (supposedly) - should this happen, AAU will need to deliver consistently to maintain a loftier valuation. But blue sky may be on the horizon.

[spangle93] 19/2/2021 08:07

Sorry RoyalAlbert - it's still dark, blowing a hoolie, and lashing rain on the window outside, so perhaps I wasn't at my most positive. At least I missed UJO and RBD doing the same thing - how's that? ;-)

Yes, given its cash, cash flow, and assets, relative to a low m/cap, and with the dark waters of the JV behind them, it's definitely a buy at these levels IMHO.

Maybe investors perceive there are shinier baubles elsewhere, which is why we're not getting traction, and where Yellow Duster should be stepping up.

[soulsauce] 19/2/2021 07:54

Always good to see director buying even though it is modest.

Copper just a whisker off $4 now 👍

[spangle93] 19/2/2021 07:41

To be fair, a 10-fold increase in market cap does not equate to a 10-bagger.

EOG has managed to dilute shareholders enough over 10 years to maintain the market cap and the share price is less than 10% of what it was then. I'm not comparing the companies, but with the dilution that EOG has managed, even if they'd grown the market cap 10-fold, the shareholders wouldn't have benefitted