Ariana Resources Share Discussion Threads

[alwaysevolving] 28/8/2019 00:32

Agree CC, that chart looks lovely for a reversal. Bring it.

[georgethefourth] 27/8/2019 23:33

2tyke - I predominantly trade on technicals so emotion doesn't have much to do with trading decisions.

"The usual mistake of linearly trying to project this into the future" - couldn't the same statement be levelled at your current perspective? Pog has dropped for 10 years so you assume the trend will remain down?

You could equally make a case that gold has been in a bull market since the 'brown bottom' and the last 10 years have just been a correction within that

[charles clore] 27/8/2019 23:31

Just a hunch. There's a long wick on the daily candle and my gut tells me the seller may be finished, Get in! NAI DYOR etc.

[charles clore] 27/8/2019 21:58

O m g the arrogance!!

[2tyke] 27/8/2019 21:25

Well done George, you are the one actually seeing things like they are...to some extent.

Most gold stocks (like AAU) have only 'bounced' higher, as in 're-traced'.
Just like gold metal they still remain within a bear market.
Sentiment is however currently very bullish. That's because gold and most stocks ( including AAU) have risen strongly recently, and investors are making the usual mistake of linearly trying to project this into the future.
If you trusted your observations more than your heart george, you could probably arrive at the complete picture.

[georgethefourth] 27/8/2019 21:02

Charles - that's the thing though, I don't really see the pm rally having started yet in most of the miners. A few have risen massively in the last 5 years - like Aaz or Solg ect - but most have dropped a long way. Then, in the last few months a few have followed gold/silver up, but most of these were coming off multi year lows and were well oversold to begin with. So naturally they'd be among the first to bounce regardless of quality.

I actually think it's a positive with Ariana that it rose before the rally in metals. It was one of the few to do that and shows that it's fundamentals were strong enough to warrant a move off its own steam, rather than just following the pog up. I think it's only a matter of time before it moves up again, especially as more money moves into the mining sector, which I think has got a lot further to go over the next couple of years

[soulsauce] 27/8/2019 20:01

Yes George using 2tykes crazy logic that contrarian is usually always right then the lack of bullishness is surely a screaming buy signal lol.

The entertainment continues 😁

[charles clore] 27/8/2019 19:48

eorge - I've been adding and feel optimistic for the future but at the same time feel that we are missing out on the pm rally despite doing everything right operationally (which is how profits are made). But what are investors seeing when they look at AAU? I think we may soon find out.

[georgethefourth] 27/8/2019 19:36

I've never known it so pessimistic on here in a long while. The contrarian in me is tempted to buy more. I don't know why the sentiment is so negative either, we doubled since November and then retraced a little - but were still only 20% off the recent highs. Comparing the stocks performance to others is perhaps not all that fair either. Sure, you could pick a stock like Aaz in which case you'd be right to be pessimistic. But for every comparison like that there are 5 where we have outperformed. A lot of small cap miners need to multibag from here to get to 20% off their 5 year highs...

[rjwoodrjwood] 27/8/2019 19:20

Profitable company,soon to be debt free, Good fundamentals......a no-brainer one might think, BUT, no buyers equals no price action! Simple!

[charles clore] 27/8/2019 19:18

Well I'd be grateful for a sensible analysis 2tyke but I rather doubt that even you could do that.

[8rad] 27/8/2019 19:14

A DIVIDEND.

[2tyke] 27/8/2019 18:47

How a company on its knees manages to triple whilst a profitable one...

Obviously because economics isn't an important factor.
What aren't you seeing ?

[2tyke] 27/8/2019 18:43

Charles

I said gold was correcting by around 50% of yesterdays rise prior to heading higher....it did just that.

jaynesdad

I think turks generally enjoy pasta dishes.

Soulsource

A director buying their own stock would be an indication that the particular stock was close to a top....you can stop laughing now.
Directors are notoriously poor market timers.

[soulsauce] 27/8/2019 18:36

Quite the conundrum isn't it Charles. May be all will come clear some time.

[charles clore] 27/8/2019 18:21

One has to wonder how a company on its knees like CNG manages to triple in a few months whilst at the same time a profitable, super efficient company like this struggles to make 10% in a similar time frame and in a precious metals bull run.

[bigglesbingham] 27/8/2019 17:54

Well no one can dictate why people need money or the timing of when it's required.

[soulsauce] 27/8/2019 17:44

Strange to be throwing over 30 grands worth against the wall at this stage.

[bigglesbingham] 27/8/2019 17:42

When there's a sell off of such a specific number I find it may be last sell of a much larger amount. Metal tiger?? Or another company with less than three percent?? A larger sell off over last month or so would explain unusual price action??

[bigglesbingham] 27/8/2019 17:37

Closed period I spoke to mDV last week

[the deacon] 27/8/2019 17:26

I think Biggles refers to it being a closed period

[loafofbread] 27/8/2019 17:17

That 1.6M share dump might explain todays action?

[dixi] 27/8/2019 17:14

bigglesbingham - what has been confirmed as 'last week', not following that - it maybe just me not understanding? Cheers :-)

[bigglesbingham] 27/8/2019 16:44

Could be due to the particular market makers in this stock, they all have different strategies to make money.????