Ariana Resources Share Discussion Threads

[charles clore] 20/6/2019 11:59

iLeeman - I thought FRES was a silver producer but a good one. Didn't realise they were producing gold as well.

[ileeman] 20/6/2019 11:57

@Charles to be honest did not expect to get in at this price with gold breaking $1360, so decided to buy.

Main exposure to gold is FRES.

[jc2706] 20/6/2019 11:56

CrossfireCSSF,

I would also call this breakout the major one but it needs to hold at or above this level (preferably above 1400 for my liking) to confirm it. I would like to see the weekly break above $1400. Once that happens then I am happy to put in much more in the gold miners I prefer. If the gold bull gets into full swing then it is worth buying some of the old rubbish that is sitting around the market as well because it will all be lifted.

[soulsauce] 20/6/2019 11:55

browngirl do you want Fridays lottery results too while we are at it.

No one knows. All depends on the gold price and the up coming drill results from salinbas. Either could make this fizz or make it drop back to 2p.

But there should now be a solid based at 2p.

[charles clore] 20/6/2019 11:53

ILeeman - very astute with the timing of your purchase I must say.

browngirl - I would say you should do your research on this and you will see the potential. It's a great story, the share is underpriced and could easily double imho on favourable news from Salinbas drilling results.

[browngirl] 20/6/2019 11:52

Hi All

Anyone know the projected share price measured target on this breakout

[crossfirecssf] 20/6/2019 11:37

The Fed have effectively admitted that they're out of bullets and it's QE until infinity. One would think that having seen ten years of low interest rates failing to confirm their ridiculous 'wealth effect' growth theory, that they would have accepted the obvious evidence that this doesn't work and never will.

I think the reason that the breakout has been so sudden and large is that the market gets what the Fed doesn't. That there's no end to this and there's no place for gold to go but higher indefinitely. The more money they print, the higher gold goes,.. it's as simple as that and has been for the 100 years in which they've reduced the value of the dollar by about 97%. Geniuses! We're in the right place here.

[ileeman] 20/6/2019 11:36

I note some are talking about potential news etc reason for rise, simple reason for rise is gold is at new multi year highs. Some have been waiting for this gold break for a very long time it also means it will be on every ones radar now.

I bought 1million today, will add few more at the right price.

[crossfirecssf] 20/6/2019 11:19

Okay JC, just having a bit of fun. I'd call this breakout the major one, but each to his own, time will tell.

Anyhow, we could possibly punch through $1400 today if we break out of this tight little wedge. Fingers crossed. This first stage of the breakout shouldn't really pause meaningfully until around $1440+, but I could be completely wrong. Either way, it's a very good end to the week. GLTA

[jc2706] 20/6/2019 11:08

CrossfireCSSF,

I am talking about a major breakout not the minor one earlier. Anyone looking at gold's price over the last few years will see how important the $1350-1400 zone is.

[thanksamillion] 20/6/2019 10:59

Need to bare in mind that as gold goes up due to falling dollar, the consequential increase in $/£ blunts the rise for those of us living in poundland.

$/£ up 0.65% today.

[soulsauce] 20/6/2019 10:47

Usually when gold has been this high silver has been in the high $16 early $17 range. Got a bit of catching up to do.

[thanksamillion] 20/6/2019 10:37

You will need a private window in your browser to view this article.



Worth a read.

[someuwin] 20/6/2019 10:13

With the Shareholder update meeting, presentation and Q&A session one week today (27 June 2019), and the AGM the following day - I think we'll be getting an update very soon!

[crossfirecssf] 20/6/2019 10:03

Lol JC, you still questioning the breakout?! It happened at around $1295 about three weeks ago! ;o) CC, agreed, the mind still boggles that we were at this level two years ago, before all of the good news. Indicative of the infamous placing of course, but nonetheless, it's becoming slightly ridiculous.

[charles clore] 20/6/2019 09:47

Observations based on the recent share price move - justified on the rise in PMs but still not recognising AAU's performance over the past 2 years. A market cap of £22m is simply too low for a 25k oz producer with such a low AISC and a credible growth plan in a PM bull market. AAU hasn't played a wrong hand since starting production at Kiziltepe. And with nothing factored in the price at all for what we already know is a 1m oz resource, Salinbas is a no lose bet, the wild card that could rocket the price to the moon. Should hear something about that soon.

[soulsauce] 20/6/2019 09:23

With a chart like that Nov31 you have a right to be very confident.

[nov31] 20/6/2019 09:20

hanks Soul, it's been a long time coming and as biggles says you can't really look at it that way as the brokers are as likely to drop it by 0.2p on some low volume sale as they are they are to raise it. Nevertheless, i will admit to feeling a little brighter this morning than I have done for a long time!

[jc2706] 20/6/2019 09:17

Agreed, but gold miners in bull markets should be ridden and not traded, if we are indeed on the verge of a confirmed breakout in gold. Because they come along less frequently they tend to be received more fervently and pull backs tend to be few, short and shallow. If you review movements in gold miner shares just after the financial crisis you will see that they tended to just keep going up in a virtual straight line. Knowing where to get off is the key.

[jaynesdad] 20/6/2019 09:11

Everyone happy? I am. Think we will see some profit taking, it only natural. But with my sensible, sombre hat on remember the number one rule. Don't ever fall in love with a share, be objective or you may get your bum bitten

[soulsauce] 20/6/2019 09:06

Indeed bigglesbingham let's hope it happens.

[bigglesbingham] 20/6/2019 09:03

Ha ha soul you can't look at it that way as it can easily turn the other way (although) many areas have been derisked. Certainly warm feeling this morning. But good mineralisation confirmed at salinbas would be very nice.

[deanmatlazin] 20/6/2019 09:03

I know someone has declared he got 6m shares on this bulletin board. I think loads here will be richer :))

[soulsauce] 20/6/2019 08:58

I am just trying to work out how much richer bigglesbingham and Nov31 are today ;-)

Well done both of you.

[bigglesbingham] 20/6/2019 08:56

This will be gold price driven and simply getting to a price it deserves to be. Salinbas etc is icing on the cake. This to me is purely down to current performance and investors have been triggered into buying gold stocks and this is one of the most undervalued.