Ariana Resources Share Discussion Threads

[jc2706] 01/6/2019 08:46

CrossfireCSSF,

I agree on your major point but my feeling is that $1300 means very little. It has surpassed this figure many times and not gone on to exceed $1400. Breaking $1350-1400 and the road to $1600 and more looks open to me.

[bigglesbingham] 31/5/2019 23:13

Also loan repayment start a year after drawdown so would give a years income as exploration buffer

[ironstorm] 31/5/2019 19:23

CC I would still like to see Tavsan accelerated funded by (more) debt.

Imagine what we would be producing in 18 months and at 1500 / 1800 / 2100 pog.

Now is the time not next year when the existing loan is repaid. We are showing our mettle!

[crossfirecssf] 31/5/2019 19:02

I think you’re possibly missing the point. $1300 as a price isn’t the be all and end all. It just happens to represent, in my opinion, the breakout point which is going to take us through $1350 to $1440-60. That’s why I believe that $1300, on this specific occasion, is of such significance.

Once we’re at $1400+, the PM stocks, which have already made a robust move to the upside, will begin to Transform, and I believe the timing is going to be particularly good for Ariana, as it’s going to be releasing Salinbas drill results among other news, into the next big move up in PMs.

[charles clore] 31/5/2019 18:44

JC - and so will their earnings. Take this one for example. Another $100/ per ounce on the price of gold for a producer mining 30k oz a year adds $3m to the bottom line for simply doing nothing. And if it really took off AAU might consider funding Tasvan from its own coffers instead of a bank loan.

[jc2706] 31/5/2019 17:53

I wouldn't quite pop the corks on gold breaking out yet. It needs to be sustained and I don't think that $1300 is the be all and end all. $1400 is far more significant.

If gold does go on a tear then there will be nothing to stop the gold miners. They will all go up substantially. But some will rise enormously - 10, 20 or even 100 times.

[crossfirecssf] 31/5/2019 15:35

Well that looks awfully like a breakout in gold. Next stop $1350-60... IMO. :o)

[charles clore] 31/5/2019 15:34

Trouble is, heard it so many times before I don't know if I'll believe it when it happens..

[crossfirecssf] 31/5/2019 15:13

$1300... :o) .... for about 5 seconds. :o(

[crossfirecssf] 31/5/2019 14:35

It's a similar story with AAU and 2p...

It'll come eventually, and when it does I think we'll gap up fairly quickly.

[crossfirecssf] 31/5/2019 14:22

We'll see SFS. If we move through $1300 with authority today, which is looking more and more like a decent bet, it's pretty big news in my view. We may or may not, but apart from stiff resistance around $1350-60, the next target looks to be around $1440.

The timing in terms of drill results for Salinbas and strong newsflow in general is starting to look fantastic.

[swallowsflysouth] 31/5/2019 13:42

If cssf is right and gold goes up then i think there will be enough interest to maintain share price increase as we are a high profit producer, be it a small producer with nevertheless a high profit margin. Especially as we are in a realatively safe country with probable good news in the pipeline.

[crossfirecssf] 31/5/2019 12:46

There we go. A small one, but it was due.

[soulsauce] 31/5/2019 11:49

There is still not enough interest to sustain a decent rise unfortunately.

[swallowsflysouth] 31/5/2019 11:47

AAU is holding up well considering markets falling globally not just here. We also have the double wammy of Britex.
Maybe gold will hold up this time.

[crossfirecssf] 31/5/2019 11:37

I thought they would drill until they had to hand it back, but perhaps that's now. It's a pity they couldn't do more if that's the end, but still fantastic progress and we now sit and wait in anticipation for either a let down, or a re-rating.

[sixpintsid] 31/5/2019 11:19

Is drilling at Salinbas now complete? Twitter message yesterday thanking Magnet Drilling and GMS Sondaj for their efforts for drilling 2,210m in under 2 weeks. Or does it continue?

[someuwin] 31/5/2019 11:06

This has gotta move up soon - surely.

[crossfirecssf] 31/5/2019 10:47

I'm getting quite excited... on my own it would appear. We're not stopping. Breaking out. $1,298

This could be a historic day. On the other hand...

[crossfirecssf] 31/5/2019 10:31

$1296. This could be quite an end to the week, and we're due a bounce here also.

The gold to silver ratio is 89. More or less an all time high, so either silver is going to take off eventually, or gold needs to come down. The historical average is somewhere around 40 if memory serves.

[crossfirecssf] 31/5/2019 09:45

We're right on the upper edge of the downward channel in gold. A push through $1,300 and I reckon we'd be away, but it looks like it may stutter here and go around again. Very close either way...

[crossfirecssf] 30/5/2019 21:09

I think the timing is going to be delicious.

[swallowsflysouth] 30/5/2019 19:02

Extra bonus if gold decides to fly at same time as AAU.

[crossfirecssf] 30/5/2019 16:08

whoosh.... $1290.... getting close

[someuwin] 30/5/2019 16:07

Gold moving.