Ariana Resources Share Discussion Threads

[bigglesbingham] 02/9/2021 07:19

Excellent news, tarsvan progression, mine life extension reaffirmed, production maintained during commissioning of new ball mill. Excellent rns !!!

[mcmather] 02/9/2021 07:12

KS & MdV must have been kidnapped. A clear, straightforward and succinct RNS - what's going on?!?

[shortarm] 02/9/2021 07:03

Nearly 8000 oz in the quarter and Tavshan license getting closer!!!Awesome!

[bigglesbingham] 01/9/2021 18:24

This is in reference to gold discovery potential in new area. CHF would soar on good drill results in Cyprus dont see why we wouldn't have nice uplift .

[soulsauce] 01/9/2021 17:28

Nothing has been doing anything for the share price But it's quite broad across the miners.

[konil] 01/9/2021 16:51

will it move the dial though? drill results haven't been doing anything for the share price lately?

[bigglesbingham] 01/9/2021 16:20

Think we will get Cyprus drill results this month because they are expected ??

[plasybryn] 01/9/2021 11:35

I think a lot of people will be wanting the share price to stay below value this month, so they can buy more shares when the dividend is paid. Given we had Directors recently buy shares it is likely there won't be any news till later in September, unless a Permit or similar (EIA) is granted. Not planned news. But as you say I'm really excited that hopefully drilling will start at Salinbas this month - our holy grail?

[bigglesbingham] 01/9/2021 11:35

Cyprus results tarsvan and salinbas updates in addition to dividend and asguard investment ???

[thanksamillion] 01/9/2021 10:15

September, onward, into Salinbas!

News soon I hope, plus divi paid this month, wont be long now.

Happy days.

[zangdook] 01/9/2021 09:32

They'll probably put one out on Sunday.

[shortarm] 01/9/2021 07:30

What is going on with this company!???We have not had a single RNS in September yet!Hehe :-P

[graylyn1] 31/8/2021 21:16

konil
I guess it's just a matter of time as the truth has to appear at some point😀

[konil] 31/8/2021 19:43

graylyn,

its a fairly obscure matter but imo they must have a few 000 tonnes though probably too little for their own comfort and it may be as little as hundreds of tonnes.

it seems russia and especially china have far larger holdings in the 0000 tonnes range.

here is an excerpt from a 6th aug 2021 article which you may find interesting...

"
Concealing arrangements whereby gold is made available by a central bank to the market has been facilitated by the IMF in its accounting treatment of central bank gold. It is the IMF that collects the figures. Gold swaps are recorded as collateralised loans, with the gold remaining on the central bank’s balance sheet. A gold loan, which is treated in the same manner as a repo, also remains on the central bank’s balance sheet. In its latest guidance, the subject of gold leasing is omitted. But reclassifying a lease as a loan which remains on a central bank’s balance sheet gets round the problem by simply redefining it.

There is little doubt that government-owned gold has been used to “manage” the gold price. In the 1970s, the US Treasury openly sold bullion by auction, but stopped doing so when they merely stimulated demand. Regulatory encouragement for the expansion of derivative markets has subsequently absorbed demand that would otherwise have driven bullion prices even higher. And there is the stubborn refusal by the US Treasury to quash rumours of missing gold by appointing an independent metal audit of monetary gold in its possession.

But perhaps the most damning evidence was the refusal of the New York Fed, responsible for storing earmarked gold for foreign central banks, to firstly let Bundesbank officials inspect its earmarked gold, and then to refuse to deliver it to Germany as requested. After some haggling, in 18 months the Bundesbank only managed to get back 37 tonnes of the 1,500 tonnes held in New York on its behalf. There should have been no argument about it: earmarked gold is gold held in custody and as custodian the New York Fed should have responded immediately to the Bundesbank’s instructions.

They didn’t. Did the Bundesbank suspect the US authorities were misappropriating its gold, and that was why it wanted it back? And why were its authorised representatives denied access? And the tonnage that came back from America was melted down immediately to “bring the bullion up to the current bar standard”. Unsurprisingly, this action stoked speculation that it was to eliminate bar details which didn’t match the Bundesbank’s records.

This treatment of Germany’s undisputed property by the US authorities sparked a similar withdrawal request from the Netherlands, which was satisfied in a timelier manner. And even Austria thought it wise to send a team of auditors to check on its gold in the Bank of England’s vaults.

The message seems to be that the central banks, which have between them declared ownership of 35,544 tonnes, are concealing old leases, more recent swaps and loans, and outright misappropriation of earmarked gold. It is a market deception that has been brewing for half a century. It was a problem likely to remain hidden so long as two conditions continued to be fulfilled: derivatives would continue to expand to soak up excess demand synthetically, and global money-printing would not spiral out of control. Even back in 2002, Frank Veneroso reckoned up to 50% of monetary gold in the central banks might have vanished in leases. Circumstantial evidence, such as the Bundesbank’s experience, suggests it is a trend that has continued, in which case a major portion of the West’s monetary gold has simply vanished.

At a time of mounting evidence that the destruction of purchasing power for fiat currencies is approaching, for some central banks the backstop of turning their fiat currencies into credible gold substitutes may not be available, and nowhere is this more of an issue than the future backing for the dollar itself.
"

[graylyn1] 31/8/2021 16:25

does the US really have any gold left? I think the last Audit was in the sixties.

[konil] 31/8/2021 16:15

renniks, hoping that full implementation of basel3 in jan 2022 will put an end to that. some commentators notably alasdair macleod amongst them think the manipulation is about to end and perhaps sooner than jan 2022 as the players unwind their short positions.

but who knows what fudges they have cooked up to continue their manipulations. we'll soon know one way or the other, only a few months to discover the outcome.

one point that may work in favour of those who want to see an end to this 50 year history of manipulation may be that the u.s. govt who, for the first time since they abolished the gold standard, may now switch sides and perhaps would like to see the value of their gold increase significantly to provide the foundations for a currency reset without moving away from the usd i.e. a revalued usd emerging as the ongoing world currency. although china has been divesting their trillions of usd in recent years they still have a long way to go, and with other countries also holding significant amounts of usd, the u.s. govt may hope that they have at least some allies (clearly not china) in the game.

[renniks2016] 31/8/2021 14:06

The US smack down again!

[thanksamillion] 31/8/2021 12:54

Exclusive: China opens its borders to billions of dollars of gold imports - sources

[zedder] 31/8/2021 10:43

So Cora Gold that are way behind AAU on the 'gold journey' now has a Mkt Cap of £44m, but AAU with a strong balance sheet and a mine that has been up and running and producing for a long time (with another mine coming soon) has a Mkt Cap of £49m. I really can't get my head round the value disconnect here!

[thanksamillion] 31/8/2021 08:00

TM

Illiquid? Turkish?

AAU has millions in the bank just gone Ex div, has exploration targets in Cyprus and Balklans in addition to Turkey. Our Aussie branch is also in gear now looking for early day prospects.

Posters seem to be saying any increase in pog will not benefit AAU, I believe it will.

[konil] 31/8/2021 05:53

there is a distinction between gold for investing purposes (often best served by investing in gold mining stocks and the variety of related financial instruments) and gold for protection of wealth (usually best served by buying physical).

investing works when markets are operating as expected, protection is required in extreme circumstances such as when markets fall apart eg. hyperinflation, currency implosion/destruction etc.

imo when gold bugs and commentators talk about having x% in gold they are usually referring to the need for protection and hence suggesting purchase of the physical.

[shortarm] 31/8/2021 05:40

Ooh, an arrival by idiots - this could be good! :-D

[scorscribler] 30/8/2021 21:29

Shhhh! Yes he did.

[the modeller] 30/8/2021 18:54

Thank you. I would add, when Mark Mobius said keep 10% in gold. I don't think he meant invest in an illiquid Turkish gold exploration Co with a market cap of less than 49m GBP.

[thanksamillion] 30/8/2021 18:40

Sorry ....a typo, now corrected.