Ariana Resources Share Discussion Threads

[ironstorm] 09/9/2019 21:26

CC there are a number of potential reasons. Clearly from a macro perspective Turkey could be more stable. However CEY in Egypt managed to survive a military coup!

There is the debt - though it is being paid off on time with some to spare. Next year cash flow will ramp and put this to bed.

The hope around the exploration projects is clearly not believed by Mr Market.

But going forward, next year should see cash flow increase substantially, production pick up possibly by a lot, and better communication around an improving explo story will help. Overall I am happy (average around 1.4). This is a small company, early in its development with the risks being over estimated by the market. The market is clearly behind the curve, and the only real improvement needed today is a better communication strategy.

Interest could be spiked by further POG increases or even some form of takeover approach. This will take more time. I am hoping we see some more acceleration this year to 3p. 5p plus next year depending on unfolding story.

Just my thoughts on investment opportunity.

This is the second biggest holding for me and the top 3 investments are over 50% of my pension! The other two being Aaz and Srb. I would buy more if I wasn’t already up to the gills.

[2tyke] 09/9/2019 21:19

Charles
The more pertinent questions just maybe.....what is currently holding it up ?
And how long may it last ?

[charles clore] 09/9/2019 21:05

Ironstorm - we all (well most of us anyway) think the price is crazy. But what in your opinion is holding it back?

[ironstorm] 09/9/2019 20:57

just to confirm, I have NOT sold my 5.8m 😎

Btw these results on Tavsan give a lot of comfort that there is more upside here. Should be a nice little earner.

Price here is beyond crazy - value to my mind atm starts in the 3 to 5p range. With loads of news and potential on top of that.

[bigglesbingham] 09/9/2019 18:05

Spread shown is the most expensive seller against worst buyer price. Best seller is 2.27 vs best buyer 2.2

[plasybryn] 09/9/2019 18:00

Massive spread - 2.15/2.40!!

[plasybryn] 09/9/2019 17:38

This is from the 2017 Annual Report & Accounts: No commentary on China would be complete without mentioning the increasing demand for technology-metals and the desire to secure these from stable jurisdictions untainted by conflict issues. Commodities such as antimony, cobalt, copper, lithium, silver and tantalum,among others, are being sought globally to satisfy Chinese technological demand in particular. The common threadto each of these elements is their use in power generation, distribution and storage in a world that is slowly transitioning from fossil fuels as its primary source of grid-scale energyto decentralised networks of green-energy sources powering individual homes, offices and vehicles. It was with this broad-brush observation that the Company opportunistically acquired and then commercialised several lithium exploration projects in Australia in recent years. Following the successful vend of these projects in to two ASX-listed companies, the Company has since added A$3.5 million to the balance sheet from these deals, representing more than a 100-fold increase in value over our original investment. The Company continues to appraise opportunities insuch technology-metals and will acquire projects of merit accordingly, particularly in the context of the BRI.

[charles clore] 09/9/2019 16:50

Consolidation is the name of the game and I'm quite happy with today.

[bigglesbingham] 09/9/2019 16:45

And if the institution is beginning to build a position that's good news. Also if seller has shifted 6m shares in one transaction to institution at market rate that too is good news in that the shares sold have not been dropped into the market resulting in reduced shareprice. If PG have prevented this sale happening through "normal" channels then they would have been doing their job. Point is we won't know until an institution Declared more than 3% interest. Interesting times!!

[jc2706] 09/9/2019 15:56

AAU is not on SETS so there are market makers involved (not that they are that great at making a market).

[dixi] 09/9/2019 15:35

2tyke - that's as maybe. But if it were due to potential institutional interest, that in itself would be an interesting development. Against the usual level of trading that is a lot of stock to shift.

It is pure speculation of course, and in terms of institutional interest would really be small beer.

[soulsauce] 09/9/2019 15:32

Bigglesbingham it's the same eejit that marks Plas down. Got nowt better to do.

[2tyke] 09/9/2019 15:26

Every single trade is both a buy and a sell.
There is no such thing as just a buy or just a sell.
The only significant thing is the price struck.
The identity of either the purchaser or the seller is completely immaterial to the share price

[bigglesbingham] 09/9/2019 14:52

Don't know who's marked you down for that comment??

[soulsauce] 09/9/2019 14:09

Ok bigglesbingham thanks for the clarification. Let's hope your theory is right.

[bigglesbingham] 09/9/2019 13:04

Just spoke to my broker cos not familiar with NEX. He said yes a company could have sold to institution and reported it on NEX. They could have done it for a variety of reasons one of which could be cost so fact it was reported on NEX doesn't disprove my theory. As I say may be wishful thinking but rings true for me.

[bigglesbingham] 09/9/2019 12:42

Looking at the website it states "projects hosting metals utilised in renewable energy such as antimony and lithium are being actively reviewed. Asgard invested in lithium so assume they are looking at antimony producers?? Anyone know anything about antimony producing companies??

[bigglesbingham] 09/9/2019 12:25

MDV 5% , eldorado 4% myself 3% all other holdings more than 3% are in nominees via many smaller investors: Hargreaves 18%, Barclays 8% iii 8% , share nominees 6%hdsl 5% and Vidacos 4%.

[backmarker] 09/9/2019 12:11

how many holdings greater than 3% do we know about ( - that's we not including me, obviously)

[jaynesdad] 09/9/2019 11:38

We could do with one of Kerims interviews, with an interviewer prepared to ask the sort of question/ raise points from the discussion on this board. Tend to doubt we will get an interview just on this RNS but I live in hope!

[swallowsflysouth] 09/9/2019 11:24

Based on the following extract fron RNS i feel this is a positive move forward. Everything seems in line for a expanded project which given the lowish grades has to be a plus. Looks good to me. The only downside being that as project has expanded this will possibly delay start of mining.


Dr. Kerim Sener, Managing Director, commented:

"Our exploration team has remained highly active across the Company's portfolio and we are particularly pleased to announce the latest results from the Tavsan Project. The latest discovery shows that there is significant potential for the project to yield additional resources. Furthermore, work on the Feasibility and EIA is continuing successfully and we are looking forward to completing these studies in the coming months. Drilling undertaken for the purposes of the EIA earlier this year has been completed, although certain resource drilling was postponed and will instead be replaced by a rock-saw channel programme over the primary resource areas, commencing in late September. We are very encouraged by new discoveries of mineralisation outside of the initial mine plan, as these indicate that there is further scope to grow the Tavsan Project."

[soulsauce] 09/9/2019 11:22

I am wondering why a 'private transaction' brokered by PG would go through NEX?

Forgive me if I don't get my hopes up.

[bigglesbingham] 09/9/2019 11:06

Cheers. I've been wondering about how institutions can get involved with AAU without buying small chunks of stock which accelerate the share price. I've also been wondering why the board are so insistent that PG are good/excellent. I would not be surprised for this to be a private transaction between a seller and institution brokered by Panmure Gordon. I assume chunks of stock are held by companies due to legacy takeovers etc and I am convinced institutions are interested but need an in without artificially increasing stock price by buying on open market. AAU don't want to be seen or need to raise cash and dilute shareholders therefore only way institutions can realistically get in is to buy from significant holders who aren't really interested in direct investment in AAU. So to answer the question I'd say it's a buy and a sell. I would hope it was brokered by PG cos I'd like to think they are doing something for their money. I will be watching this market closely moving forward and if several more chunks appear I would not be surprised if an rns follows stating institution has more than 3%. All conjecture on my part but makes sense considering how the board defends PG and AAU makes sound investment sense for institution. If I'm right then this is great news and help underpin value of AAU at over 2.2p.

[mcmather] 09/9/2019 11:03

I think so; just surprised it hasnt had a major impact on share price Possibly it has been worked through over how long??

[shortarm] 09/9/2019 10:59

Went through at 2.275p so a buy I guess?