Ariana Resources Share Discussion Threads

[robizm] 22/2/2019 08:52

They need to start Tavan now as then will have 50k ounces of production and really ramp up production. Then maybe pick up a project maybe outside Turkey for risk diversification as plenty of gold miners with no cash to explore.

[tim000] 22/2/2019 08:50

Indeed. But Directors have this silly habit of highlighting operational profitability, which is a largely irrelevant concept given central overheads etc, and is only done to confuse investors and ramp their own stock. AAU aren't guilty of this, and its investors shouldn't either.

[thanksamillion] 22/2/2019 08:47

Anyone new looking at the company could be forgiven for thinking "I must be missing something here - why only 2p" resulting perhaps in a wait and see approach. Probably means the share price will rise slowly but steadily until it reaches a value that only looks "cheap". At that stage woosh! I suggest 4p.

[highly geared] 22/2/2019 08:47

Could I ask , as not researched this yet , is there a JOrC resource and reserve on Kilzi?
Thanks in advance.

[bigglesbingham] 22/2/2019 08:39

I was referring to what they would be receiving from the JV. AAU is a very lean operation with relatively low overheads (obviously this doesn't include exploration) but you get my drift

[soulsauce] 22/2/2019 08:37

I know I keep banging on bigglesbingham but time for PG to step up with the instis.

[tim000] 22/2/2019 08:34

They are not throwing off $3.5m pq, even after the debt is repaid. Or do you think the Directors aren't paid?! Still, I agree that once the debt is repaid, FCF will justify a significantly higher rating.

[bigglesbingham] 22/2/2019 08:29

To me share price is irrelevant because I'm in for the long term and one thing is for certain once debt is cleared and they keep throwing of $7m dollars a quarter (their share 3.5m) after cost of production then this cannot remain with a market cap of £20m. Patience and accumulate

[someuwin] 22/2/2019 08:21

...That's right Dibs. its the one area where us PI's have the advantage of agility over insti's. And enables us to move in ahead of the tide.

[bigglesbingham] 22/2/2019 08:20

What's your target?

[dibs61] 22/2/2019 08:17

One things for sure, if Institutions did start accumulating they wouldn’t do it at 8.15 in the morning straight after an announcement. Any rerating which might occur would be in the days and weeks following.

[charles clore] 22/2/2019 08:13

Beggars belief the markets apathy, the institutions should be all over this despite the market cap.

[the deacon] 22/2/2019 08:11

I'll definitely be adding if the sell on news brigade come out in force. Medium/long term, this will make me a lot of money :)

[someuwin] 22/2/2019 08:10

Well I'm adding. Before the market catches up with what's going on here.

[bigglesbingham] 22/2/2019 08:10

I realise some sell into good news but for life of me I don't understand why here with so much good news to come?

[bigglesbingham] 22/2/2019 08:08

Excellent , I love fundamentals , and AAU is doing superb the share price increase will kick in shortly

[dibs61] 22/2/2019 07:58

It is crazy we still have a £20m MC but this market is crazy. We’ll probably ‘sell on news’ today!

[donnyd1] 22/2/2019 07:57

The amount of silver produced in the quarter jumped from 70k to 90k. Seems significant?

[soulsauce] 22/2/2019 07:43

IronStorm kizilcukur and irvindi to feed Red Rabbit, Tasvan to increase output to 50k oz by 2021 but most importantly Salinbas which is potentially huge.

[soulsauce] 22/2/2019 07:40

Only kidding of course Crossfire 😉

[ironstorm] 22/2/2019 07:40

One things is for sure this mine is a bit of a cash cow. Underpinning the capital repayment and offers a tantalising prospect of more.

Is 2p+ today?

Never mind any other prospects. Remind me what are they?

[catsick] 22/2/2019 07:34

So in the last quarter the mine generated 10.6m usd of revenues with cash costs of 2.6m so a very healthy 8m of cash generation 3.3 of which was used to pay down debt and 5.7m of cash for the jv partners, crazy to still have 20m gbp market gash for a mine generating so much cash and 2 further excellent mines to come ....

[crossfirecssf] 22/2/2019 07:31

Lol Soulsauce, it’s a deal. 👍🤥

[goldenshare888] 22/2/2019 07:27

Excellent results for 2018, 2019 could well exceed!

:-))

Debt free by end of 2019 with rising production and GOLD price?

:-))