Ariana Resources Share Discussion Threads

[the deacon] 29/3/2019 10:43

https://mailchi.mp/palisaderadio/barry-dawes-a-much-higher-gold-price-is-coming?e=c9d0cea873

[madmas] 29/3/2019 10:14

Agreed, all blue so far and no reds. AAU is performing well in this sector. Increase in gold price over the coming months will give us leverage taking us well above 2p. Can't understand why anyone would want to sell this stock in the short term.

[jc2706] 29/3/2019 09:49

It looks like it is setting up for another run at 2p. Like many other gold stocks it seems to be breaking out of a bull flag. Such a breakout would target in the region of 2.5p I believe but 2p is going to present resistance that needs to be broken if we want to progress.

[skara brae] 29/3/2019 09:47

All playing out nicely at this stage. Glad to be holding.

[bigglesbingham] 29/3/2019 09:41

If you look over last five years I don't think they have and a negative Rbs in relation to exploration either

[charles clore] 29/3/2019 08:43

Kirbs - I dont think the company would be going down the Salinbas road if they didnt truly believe (as I do) that the end result will be transformational

[kirbs4] 29/3/2019 08:31

Applying the knowledge that Kerim under sells everything, i read the words on Salinbas to indicate that they know the forestry permits will be signed and absolutely cant wait to get that drill in the ground. If this is to properly multi bag it needs Salinbas to become what it could be imo, and my observation is Kerim is expecting it to.

[jc2706] 29/3/2019 08:23

AAU currently going through one of those purple patches where all the news items are pretty positive - production higher than planned, exploration results good and lots of potential for improvements to the producing operations. I have no doubt that the activity at Kizilcukur and Tavsan will continue to be positive (given what is taking place at those sites) but without doubt the potential energizer is Salinbas so it is good to see that there are positive developments here as well.

[bigglesbingham] 29/3/2019 08:17

I do like the way this company has progressed with its strategy

[goldenshare888] 29/3/2019 08:04

:-))

SALINBAS.... tick-tock!!

[ironstorm] 29/3/2019 08:01

More news fairly soon by the sound of it too. Needs a good dose of newsflow to get over that 2p level I feel.

[1candc] 29/3/2019 07:37

They're all asleep

[carcosa] 29/3/2019 07:35

No one commenting on today's RNS?


I thought it read well! "..the highest level of exploration and development activity undertaken in the history of the Company. "

and plenty of clarity on the near term

[rhuvaal2] 28/3/2019 11:16

The AAU share price should be higher but I am one who still remembers the Board giving themselves a load of free shares a year or so ago. After trading I am lucky to have a million @ 0.8p cost and just don't feel like buying more. I have seven goldies in my basket and a couple of those pay good dividends...

[charles clore] 26/3/2019 15:20

"ve been trying fill or kills all day and they won't let me have the stock which says (imho) there isn't much to be had and we could see a move up before the day is out.

[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.