Ariana Resources Share Discussion Threads

[bigglesbingham] 03/3/2021 16:45

They kept the working capital at same levels and got dividend of excess. That was the fair way of doing it. It was done fairly I don't know exact amounts but the question was asked and answered.

[johnswan193] 03/3/2021 16:12

Cup and handle does not form over a 10 year period.

Stick with this one, I'm sure it will come good eventually. The dividend will certainly bring some attention.

[crossfirecssf] 03/3/2021 15:55

If this drops into the three’s I’m afraid I’ll probably be moving on. Waiting a decade to watch a 7-bagger turn into a 3+bagger is a lesson I learned long ago. For whatever reason, the market wears blinkers for us.

I know not the reason, I only know that the market cap of AAU is currently completely de-coupled from its asset value, and I’m running out of logical reasons to explain that anomaly. I’ll give it a little longer, and then it’s over to the KAVs etc and other ‘dynamic’; explorers with a little more intestinal fortitude. Life is too short.

Slow and steady wins the race, but I’m afraid I’m not immortal. I’m still wching the cup and handle pattern closely, but the clock is ticking.

[crossfirecssf] 03/3/2021 15:55

If this drops into the three’s I’m afraid I’ll probably be moving on. Waiting a decade to watch a 7-bagger turn into a 3+bagger is a lesson I learned long ago. For whatever reason, the market wears blinkers for us.

I know not the reason, I only know that the market cap of AAU is currently completely de-coupled from its asset value, and I’m running out of logical reasons to explain that anomaly. I’ll give it a little longer, and then it’s over to the KAVs etc and other ‘dynamic’; explorers with a little more intestinal fortitude. Life is too short.

Slow and steady wins the race, but I’m afraid I’m not immortal. I’m still wching the cup and handle pattern closely, but the clock is ticking.

[kaos3] 03/3/2021 13:55

btw - did they pump out gold and cash before signing a new JV out of the old one - for our benefit?

if - how much?
if not - why?
was the new partner buying our cash and gold with his cash commitment? what was the balance of cash and gold and silver of the old JV when signing the new JV?

should we ask and know?
should we do not know and trust and do not ask?

I do not know. I am confused...... I know gardening to some degree only

[bonehanmer] 03/3/2021 13:41

Don't think the ticker helps when the gold price is falling, but obviously the complete opposite effect when its on the rise.

[soulsauce] 03/3/2021 13:38

But we have just sold a chunk of gold production for $$$.
And strangely the increase in the copper price has not helped us to the upside even though we have a growing resource in Cyprus and now have a huge company involved in taking Salinbas forward which has huge copper potential.
AAU is about a lot more than just the gold price cyberhub.

[cyberbub] 03/3/2021 13:20

People talking about cup and handles, surely that's irrelevant, the overwhelming impact here is from the rapidly dropping POG?

[crossfirecssf] 03/3/2021 12:47

A 4-bagger in ten years. Would that I knew then what I know now,... but you live, learn, and die, so mustn’t grumble. Kept up with ‘real’ inflation at least!

[bonehanmer] 03/3/2021 12:29

Would be nice for some good news soon, return the share price back to the realm of sanity

[bonehanmer] 03/3/2021 12:18

Not sure, but a great buy at 4.5

[shortarm] 03/3/2021 12:07

970,000 at 4.5p - so which day is that from then? They love to confuse us!

[5huu] 03/3/2021 09:04

That's my top-op short-arm!!

[shortarm] 03/3/2021 08:27

Buys at 4.35 - what a bargain!!

[bigglesbingham] 03/3/2021 07:34

I get what you say but my believe is the divi isn't priced in. When investors receive divi even after tax it will be a bonus. I don't believe price will drop significantly or if it does it will quickly recover. Just believe it's too good opportunity to miss.

[charles clore] 02/3/2021 20:16

I believe we are looking at a cup and handle going back some 9 years. When the handle breaks upwards it should result in a rise to over 10p imho

[actonovator] 02/3/2021 19:24

yes of course Biggles - and in a sense these tax-sellers are 'forced' sellers - which creates opportunities for others

[bigglesbingham] 02/3/2021 18:58

Or if you hold in a tax efficient wrapper ie pension or ISA ??

[actonovator] 02/3/2021 18:20

I fully agree with Donald Pond yesterday - the large dividend has caused a tax headache for a lot of holders - only really benefits the niche holder who has high capital gains and no income

[bigglesbingham] 02/3/2021 18:09

Fundamentally there is a background seller

[crossfirecssf] 02/3/2021 15:33

Hi Konil, if indeed this is a genuine cup and handle formation, then the upward correction should come somewhere around half the depth of the cup. And there lies the rub,... we’re sinking pretty fast, which may nullify the pattern.

Generally though the longer the pattern, the more solid and likely the rebound. In our case the rebound would occur once between a quarter and a fifth of the length of the cup had been completed, in which case your 18 months sounds about right.

However, I expect some sort of major crash before then and it’s the markets sentiment towards PM’s which will ultimately dictate - in my opinion of course - how quickly and how high the rebound, or we may just shadow the crash downwards. We’re all pretty sure that it’s just a matter of how long countries can continue to re-inflate their bubbles which will dictate the timing, and against all the odds they’ve managed 13 years so far.

COVID has accelerated the money printing which is obviously unsustainable, not to mention that far from being the solution, it simply guarantees a greater crash when it comes.

Theirs no guarantee that the pattern is genuinely relevant, but if it is, and the PMs end their downward correction, then we could be 10p+ this year. In a world which appears to have completely lost the plot (politically,...but what’s new) it’s well within the realms of possibility. Expect the unexpected.

[charles clore] 02/3/2021 14:35

Biggles - it's a good job you have deep pockets is all I can say!

[konil] 02/3/2021 13:57

meanwhile the person(s) who don't want to continue to own the shares seems to be continuing to feed the market.

[konil] 02/3/2021 13:55

but that's ta. if ops on the planned mines progress well then fu........ls could get us there much sooner. and then there is the blue sky stuff in cyprus and any new stuff ks comes up with using the cash.