Ariana Resources Share Discussion Threads

[soulsauce] 26/3/2019 14:35

JaynesDad like I said I am not a fan of it and would much rather them follow through with the acquisition of an asset outside Turkey they mentioned all too long ago.

But like JC alludes to, in the absence of anything else and having all bases covered then you have to look at ways of increasing the share price using that money.

[jaynesdad] 26/3/2019 14:32

I kind agree up to a point JC. Any dividend would be relatively small, and I don't see regular divis being commenced until the BOD are sure they can be sustained. Nothing will whack the share price more than commencing divis only to reduce or suspend them altogether at a later date when the companys circumstances change. I guess you could have a series of 'one off' special divis (if that isn't too much of a contradiction), but that will also have a detrimental effect on the share price as it is effectively just reducing the net assets of the company. I agree share buyback/cancellation rarely has much effect on SP, not sure why as it clearly should.

[jc2706] 26/3/2019 14:14

There comes a point in time when the cash available more than covers the sums required for sensible investment. At that point you have a choice between returning capital or investing in less sensible projects. Returning capital is the better route. Personally I prefer dividends to share buybacks. I have seen many buybacks in AIM miners and have yet to see one make a material impact on the share price. Conversely, where dividends commence I have seen examples of considerable appreciation in share prices.

[jaynesdad] 26/3/2019 14:11

Think this is an area where I suspect there isn't much of a consensus amongst posters. Personally I don't want relatively nominal amounts returned via distributions or share buyback, I would prefer an acceleration of the exploration paid out of excess funds (rather than risking a call for funding later)

[charles clore] 26/3/2019 13:52

Soul - I agree they could buy some shares back. Even if they don't cancel them they could keep them in treasury.

[soulsauce] 26/3/2019 13:20

Although I am not a fan I think it is getting to the level where the company should be buying some shares back if they have managed to get round whatever caused it to fail last time.

Of course I would rather money be used for acquisition or return to shareholders but it doesn't look likely to happen.

[thanksamillion] 25/3/2019 19:33

No BB, I think you were right the first time.

[bigglesbingham] 25/3/2019 18:51

Sorry that was predictive text meant to say many investors are easily bored ?

[bigglesbingham] 25/3/2019 17:04

I think more rnss the better. Aau drifts otherwise. Think many golfers are easily bored.

[charles clore] 25/3/2019 14:31

Did that really warrant the cost of an RNS? On the face of it not really but maybe they have something else lined up for this week and are dropping a hint to shareholders to be there.

[oakey1] 25/3/2019 07:06

Kirbs4 I'm in AAZ and TSG as well as here

[kirbs4] 24/3/2019 20:40

Interested to know which other gold stocks some of the regulars on here are in? Ive had a few at different times over the last couple of years but have normally lost patience just about breaking even and moved funds here.

[meanreverter] 24/3/2019 20:06

Thanks, biggles. Rick Rule is certainly deserving of my patience to read what he writes. I would single out one statistic from this piece:

"From an intraday high of 1,855.09 on 9/9/11, the GDM Index declined 81.27% to a low of 347.41 on 1/19/16. It is fair to say that any asset class shedding four-fifths of its value over a four-year period is unlikely to breed a broad class of dedicated constituents. On the other hand, it is from such misery that compelling investment propositions are spawned."

The corresponding figure for junior gold miners (on AIM, say) would probably be in the range 90–95%, even if we only count the survivors, albeit things having picked up a bit for them since 2016. Everything RR says applies a fortiori to the juniors.

[jc2706] 21/3/2019 09:52

The most curious fact about Plasybryn's posts being voted down is that people feel this is a productive use of their time!

[jaynesdad] 21/3/2019 09:48

Hi
Good to see gold up, though silver doesn't seem that interested in joining in. I saw the Ariana tweet about zinc - can someone educate me here, have we got a zinc by-product?
I cant see why Plasybryn would be voted down by anyone, certainly isn't me because I value his input.
I am not a premium member, being a poor pensioner! I have noticed that sometimes posts 'go missing', which is annoying if it is one of my longer missives! I will appreciate the irony if this is one of them

[charles clore] 21/3/2019 09:21

It does appear Plas has upset a couple of premium subscriber trolls for some reason. Quite unfair imho.

[crossfirecssf] 21/3/2019 09:08

Cheers Soulsauce.

[plasybryn] 21/3/2019 09:04

Basel 3 starts 1st April . Significant for the gold & Silver price? Andrew Macquire discusses with Greg Hunter.https://youtu.be/svqUAcouPAw

[swallowsflysouth] 21/3/2019 09:03

I gave you a thumbs up plas just to check whether thumbs up going in thumbs down, apparently not.

[soulsauce] 21/3/2019 08:55

Plasybryn CSSF does not have you blocked, if he had he would just not be able to read your posts not the other way round.

[crossfirecssf] 21/3/2019 08:41

If someone could tell Playbryn that I’ve not blocked him, I’d appreciate it. I can see his posts. Weird. He’s not missing much though!

[plasybryn] 21/3/2019 08:25

JC: Could well be.

[jc2706] 21/3/2019 07:59

Plasbryn,

For some reason every post you make is voted down twice. Have you picked up some critics along the way?