Ariana Resources Share Discussion Threads

[kirbs4] 11/7/2019 08:49

I think the problem here is that salinbas is the potential game changer and while these are good results they are not game changing. It is being judged on its potential i feel rather than what the value the findings will add to AAU.

[charles clore] 11/7/2019 08:46

Looks like Nige is up to his old tricks again. Surprised he has anything left to take off the table to be honest.

Enter stage left Kerim with the quarterly report.

[jc2706] 11/7/2019 08:41

It always seems to be the way with these anticipated drill results. There is a build up in expectation such that, when they arrive, everyone is anticipating a sharp rise on the back of them. Sometimes the results disappoint, sometimes not but it usually requires exceptional results to stimulate a very significant rise. The absence of such a rise is enough to partially deflate the sense of euphoria. The stock market rule is that if everybody thinks one way then the opposite is likely to happen.

The company is doing all the right things and is producing good results. My experience is that, ultimately, this always translates into a higher share price but the path may be nothing like what people expect.

[soulsauce] 11/7/2019 08:39

The significance is that Salinbas and Ardala are interconnected making one huge mineralised zone.
Lots more drilling will be required but hopefully these results will have provided the information required for where to concentrate the next drilling phase.

[jaynesdad] 11/7/2019 08:34

I can get an online quote for 1.5m shares, but no quote for selling 1000. That tells me the MMs have plenty on their books and need no more. Hence the restrained share price reaction to this RNS. See how it goes for the rest of the day

[red imp] 11/7/2019 08:25

I see the spread has now been reduced to 2.45/2.50. Unsure as to the significance, if any, of this.

[goldenshare888] 11/7/2019 08:18

Friendly warning guys:

BUYS being shown as sells, games being played to accumulate cheap shares!

The sale will not last too long in my view.

[goldenshare888] 11/7/2019 08:16

Fully loaded and waiting... :-)))

[charles clore] 11/7/2019 08:12

Its like putting your money into a very high interest bank account but without any compensation scheme if things go wrong. Make sure you put your shares into an ISA if you can and sit back and wait.

[ironstorm] 11/7/2019 08:12

What a superb development. Timing appears spot on too.

This news should propel us much higher for the next couple of months.

[bigglesbingham] 11/7/2019 08:08

The company derisks by that day so analogy with gambling becomes less apt but always risks involved

[bigglesbingham] 11/7/2019 08:06

Don't think you'll go far wrong once this news is absorbed

[goldenshare888] 11/7/2019 08:06

Likewise - Time to move more chips onto the table.......

:-)))

[ileeman] 11/7/2019 08:05

Very nice, bought a few more.

[bigglesbingham] 11/7/2019 08:05

Gold at 1422 too happy days

[bigglesbingham] 11/7/2019 07:58

"We are very pleased to report.......demonstrate the development of a major magmatic-hydrothermal system in the vicinity of the Ardala Cu-Au-Mo porphyry......the two systems should in fact be treated as one......bodes exceptionally well.......to remain excited by the exploration upside of the project and look forward to commencing our follow-up work programmes." These comment are from opening paragraph - not too restrained if you look at it this way.

[charles clore] 11/7/2019 07:53

Ardala connects with Salinbas. This is huge news, just what I was hoping for.

[goldenshare888] 11/7/2019 07:50

Thanks Highly Geared, were you in MARL from 2p area, your name seems familiar?

[goldenshare888] 11/7/2019 07:49

I would say ZERO biggles...

:-))))

[highly geared] 11/7/2019 07:48

Golden share, yes 😂!

[catsick] 11/7/2019 07:48

The existing mine is not even fully built into the price let alone anything for Salinbas

[bigglesbingham] 11/7/2019 07:44

Also remember nothing really built into the price for salinbas

[bigglesbingham] 11/7/2019 07:40

Pretty straight forward statement we wanted to scratch surface to determine whether we have a huge system on our hands and we do.

[goldenshare888] 11/7/2019 07:40

GUYS:

The clue is: "DEMONSTRATE THE DEVELOPMENT OF A MAJOR MAGMATIC-HYDROTHERMAL SYSTEM"

What are people looking for - solid gold bars coming out of the ground?!!

LOL

:-))))

A stronger reminder of MARL at this stage I could not wish for.......