Ariana Resources Share Discussion Threads

[jc2706] 05/6/2019 09:44

Not sure what point you are trying to make sleveen. Is it a surprise if the cash remains in Turkey? After all, the cash generated from the JV is being used to fund further exploration in Turkey and I would expect this to take precedence over returning funds to shareholders (although if the price of gold does breakout convincingly then there may well be excess funds to provide to shareholders and they should do so in this case).

[crossfirecssf] 05/6/2019 09:42

I forgot about the dividends. Yes, I don't think they would have hung that carrot out there if it's going to be too far into the future. Must be a serious consideration now, or at any rate once the loan is paid off, when they'll be rolling in cash. A great position to be in.

It can't be overstated how fantastic a performance this has been, to produce such a profitable enterprise in the face of the longest period of negative sentiment in precious metals for many a year. An amazing team effort.

[sleveen] 05/6/2019 09:36

What's not to like?

Try reconciling the P&L with the cash flow statement.

The cash remains in Turkey.


And some talk about JLP being smoke and mirrors.

[thanksamillion] 05/6/2019 09:36

And for the first time official mention of possible dividends. They must be pretty confident the cash is about to roll in.

[crossfirecssf] 05/6/2019 09:25

It's nice to see the Chairman making a definitive and confident reference to shareholder value and the teams focus upon delivering it. We know that management never forecast anything that they're not confident they can back up, so that's good to hear, finally.

I also think that once we finally leave behind 2p, we could get a nice little surprise to the upside here. 2p has proved formidable resistance, but once it's broken there's clear air all the way to 5p+. This next bull move in both the metals and their shares is in my opinion going to be one characterised by upside surprises.

[nov31] 05/6/2019 09:13

Great set of results. Well done to Kerim, Michael and the team.....and to all us long term holders too. My 2% ain't gong anywhere!

[crossfirecssf] 05/6/2019 09:12

It is indeed CC. Our inhuman patience is finally going to be rewarded :o)

[charles clore] 05/6/2019 08:58

CSSF - the perfect storm is almost upon us.

[crossfirecssf] 05/6/2019 08:56

Lovely jubbly. Gold has begun the inexorable move back up to and through $2,000. Ariana have timed this almost perfectly. More luck than judgement, but I’m not complaining. :o)

[thanksamillion] 05/6/2019 08:55

Soulsauce


Yes I agree, but on the basis that the market will not yet give value to Salinbas how can I. The market is awaiting the pudding, which by the way is already cooking in our oven.

[deanmatlazin] 05/6/2019 08:51

Bought some this morning. If they are planning to produce 50000oz per year with cash cost $400 per oz AAU will get $20m per annum. They will finish pay the bank loan by April next year. They have Salinbas 1million oz gold to convert in JORC. This will be another AAZ...20 bagger in 4 years time.

I have followed this share for few years. A very strong buy and hope gold price will go up from now due to trade wars

[shortarm] 05/6/2019 08:49

All this churn at 2p provides us with a very solid base going forwards.Slow and steady and then B O O M...

[soulsauce] 05/6/2019 08:48

Thanksamillion but that takes nothing in to account for exploration upside and is purely a profit based figure you have calculated.
Not really the best way of valuing an exploration and production company IMO.

[jc2706] 05/6/2019 08:44

Well, we are just above 2p and the volume has picked up. The last test on 2p saw higher volume on the way back down than on the way up which was not encouraging but this seems to be making a better fist of it. On that basis, there is some cause for optimism that we may end over 2p. If this can be maintained to the end of the week that would set up a move to the 2.5-3p area quite nicely.

[shortarm] 05/6/2019 08:43

Profit will be massively higher April next year when the loan is fully paid off!Some payments have been millions per quarter!

[charles clore] 05/6/2019 08:42

Thanks - I think it would certainly help your 15x to have an institution or two on board. Quite surprised not to have any interest to be honest but feel that it can only be a matter of time.

[thanksamillion] 05/6/2019 08:39

rough calc on profit before tax of £2.2m gives EPS 0.2p ps. making share price around 10x.

I am now hoping for a gradual lift in the share price to around 3p over the next three months to give fair value at 15x.

[charles clore] 05/6/2019 08:37

2p+ on the bid would be nice but hey, mustn't be greedy must we? One can only hope that with PMs on the rise there could be a lot of people searching for a good gold investment and you never know, Panmure Gordon MIGHT just get their finger out and release an up to date note.

[dibs61] 05/6/2019 08:36

Even if these results are broadly in line with expectations it makes them no less good than they are. We shouldn’t underestimate this company’s achievement. It’s quite outstanding for a micro cap company to take a mining project to production - execute it so successfully - and in an unfriendly investing environment. At the same time to be continuously exploring for new assets. It really is exceptional on AIM and I doff my hat to the management for their tenacity and determination- and their skill and expertise.

[the deacon] 05/6/2019 08:31

Yes I agree Soul. I thought that was very interesting

[ironstorm] 05/6/2019 08:26

Gold looking at 1340 now.

[soulsauce] 05/6/2019 08:24

Went in to quite a lot of detail on producing 'green' energy and big hints of projects in that arena. Would be nice to see one of them delivered.

[goldenshare888] 05/6/2019 08:23

Reminds me of period when MARL went from 2p to 50p+

:-)))

[charles clore] 05/6/2019 08:21

IronStorm - well done my man!

[goldenshare888] 05/6/2019 08:20

:-)))

GOLD & SILVER waking up from their 7-year slumber will turbo boost the returns too!!!