Ariana Resources Share Discussion Threads

[charles clore] 27/2/2019 10:51

Swallows - agreed

[swallowsflysouth] 27/2/2019 10:30

Charles, yes i agree which means either there is no big seller or it is a consortium working together. Just have to sit it out either way.

The momenteum is building up and i find it quite fun to watch as well as frustrating. The upwards pressure will eventually win.

[bigglesbingham] 27/2/2019 09:47

With the revenue they are telling us how much the actually received. This is over $1400 per ounce. The aisc quoted is calculated per ounce of gold and the byproduct is treated as a credit for this calc. So aisc relates to cost/ounce of gold not gold equivalent. The actual revenue received is notified separately. So when looking at free cash in relation to total money generated and costs the aisc is around the $600 mark as stated in feasibility. I believe it's calc correctly but needs to be interpreted correctly. This is my understanding and I've NOT talked to company about it.

[jaynesdad] 27/2/2019 08:36

Paul
Hmmm. What a good point. If you are missing something then so am I.
In fairness no net figure is explicitly given, we (or I) am apt to do the odd calc of that ourselves, but as you say a net figure of $7517(1413-349)for the quarter looks decidedly dodgy.
Be interested to hear what others think.

[paul280i] 27/2/2019 08:20

I keep getting the feeling that in the quarterly update the silver produced is being counted twice.
The Gross income for the year includes the silver produced and then the operating cash cost for the quarter also includes the silver credit. I would have thought that the value of the silver should only be included in either sales or costs not both.
OR is it just me?

[charles clore] 27/2/2019 05:45

Whoever is selling, it would show on the share register which I am sure the CFO would have access to so the company would know who it is. They should have made a declaration by now as they must have sold over 1% by now.

[swallowsflysouth] 26/2/2019 23:14

Thank you Plas.

Biggles, I also do not think it is Eldorado thank you for your input on that score. They have a good deal with AAU and would want them to suceed.
Now that leaves HSDL shares with their 60m shares or someone else. I'm not sure if i have the right HSDL but it appears that it might be a shell company registered in Bermuda with maybe £1m which went into AAU at around 1.6p and now they are cashing in. I've probably got hold of the wrong end of the stick, all surmising. Maybe you can throw some light on it all ?

[bigglesbingham] 26/2/2019 19:15

Sorry 34m to 170m been a long day!!

[bigglesbingham] 26/2/2019 19:14

So was it a five bagger Plas not a 50 bagger. Ie 17m to 170m for 30%?

[bigglesbingham] 26/2/2019 19:12

Can't see eldorado selling. Sorry to harp on about the site visit but there was a decent guy there from eldorado and I did ask whether they were going to let AAU do all ground work in finding gold at salinbas then move in and buy AAU on the cheap. He laughed but said they were happy with the royalty deal, it suited them because they were concentrating on other larger projects. By keeping the shares they make profit and keep close to the AAU story. All conjecture but salinbas results come anywhere like what they expect the sharks like sandstorm eldorado will come sniffing. Point is it may be taken out early but only when we have a better idea of salinbas. No one is interested in the kiziltepe tarsvan share in JV it's too messy imho for a purchase. One point to make is if we are taken out it's likely to be significantly higher than 2p which is what interests any new investors.

[plasybryn] 26/2/2019 18:20

Spot on Swallow - there was a consolidation at MARL, hence people getting very confused & mislead by the numbers they are banding about.

[robizm] 26/2/2019 17:58

I was only trying to stress the dangers of dilution which this share can avoid. For me the number of shares in issue shows me if a company issues shares at the drop of a hat or only when it has to. I would not invest in a company that does a placing every couple of weeks and has billions of shares in issue such as say vast.

Ps I invested in a copper explorer once which done more share consolidations and placings and change of names. Learnt from my mistske

[swallowsflysouth] 26/2/2019 17:54

I have made a amaturish attempt to calculate how many shares been sold by big seller. Difficult to calculate number of shares sold but think it started around mid-September and averaged around 10m a month. Bigger holder(HSDL) has around 60m shares and around Next biggest 40m (El Dorado). They must be running out of shares to sell ? Anyone got any ideas on this ? Probably missed something totally significant.

[crossfirecssf] 26/2/2019 17:49

Agreed Charles Clore.

[charles clore] 26/2/2019 17:42

I think it would be good to calm down and consider the possibilities here. If someone has a million of these @ 2p and they go to 20p thats a ten bagger in my book. Quite an achievement but thats a market cap of just 200m. With a couple of mines producing 50-60k oz per annum with a profit of say £20m to AAU PLUS Salinbas with say 4m oz in ground that £200m mc would still be quite cheap. So at that point I would up my target to say, 40p.

[swallowsflysouth] 26/2/2019 17:40

thank you shortarm i spotted it asap, just not quite soon enough lol

[shortarm] 26/2/2019 17:37

30%, sold for 170 million dollars I think.

[swallowsflysouth] 26/2/2019 17:36

From memory i believe at some stage MARL did a share consolidation of 10 to 1. Again from memory didn't they only own 30% of Hot Maden ?

All unimportant as we are a different company with what appears to be a different kind of au deposit at Salinbas. We also have a working mine be it small it is highly profitable.

Very different management

[shortarm] 26/2/2019 17:36

What a tool!

[jaynesdad] 26/2/2019 17:33

Ok, not following these arguments, its 'baggyness' will depend on how big its assets eventually turn out to be compared to its current MC, I don't see it has anything to do with the number of shares in issue. Perhaps its me.
Ps I have 2 maths degrees, a BSc and an MSc. And I'm off to the pub.

[robizm] 26/2/2019 17:23

I am pretty sure gold is only going one way due to the amount of debt in the world economy especially the west. Central banks are loading up on it to get the debt inflated away.