Ariana Resources Share Discussion Threads

[thanksamillion] 18/9/2019 12:04

Well I for one am grateful the share price is low, allowed me to top up my three accounts yesterday.

[soulsauce] 18/9/2019 11:57

Somebody tell that to the share price please.

[plasybryn] 18/9/2019 10:58

The loan is a fixed term. 90% repaid by Christmas and the last 10% between then and Easter. Lots of free cash flow coming our way. Yippee.

[jaynesdad] 18/9/2019 10:05

8rad, I agree with you, net of outstanding debt (and I admit to not opening Excel this morning and doing any calcs) I think from memory AAU must now be in a positive cash position (situation complicated by the JV of course). In spite of what I have wondered previously I doubt the JV will pay the sharia loan off prematurely unless there is a financial inducement to repay early - it is not interest bearing (although of course it is effectively), my understanding is that you have a fixed repayment amount. However there my be PR value in doing so, and maybe kick start the share price so who knows?

[jc2706] 18/9/2019 08:00

I am sure that your comments reflect a lot of people's views CrossfireCSSF.

[8rad] 18/9/2019 07:38

At current gold price and production levels then this quarterly income should be $11.5/12 mill so with previous retained profits clearing all jv debt this quarter could be readily attainable.This won't happen but it sure reflects the absurd current share price and also the incredible ineptitude of Panmure Gordon.

[mcmather] 18/9/2019 06:14

AAU probably aren't too far away from being 'debt' free; reckon the JV owes circa $8m meaning AAU owes 50% of that. How much spare cash does AAU have at present? What will this figure be by the end of 2019?


Lancs wrapped up Div 2 title on Monday (though should never have got relegated in the first place); hopefully Somerset can win their first ever championship in the final game in Div 1.

[crossfirecssf] 17/9/2019 22:03

It is admittedly astonishing that we’re sitting at this valuation with gold at $1500, and I remain convinced that it’s wholly down to the fact that I’m a shareholder, but at the same time it doesn’t change the hard facts.

Notwithstanding the fact that if I sold out tomorrow we’d advance to 5p within weeks if not days, we will be a debtless cash machine by early next year and though the Salinbas story is yet to develop, with a number of possibilities, the gold bull will continually and relentlessly progress, and at some point probably next year the cork is going to pop.

For the sake of everyone else I may at some point be forced to sell out and allow the price to rise to it’s real value, but for the time being I’m going to hold selfishly and hope that a miracle occurs.

That one of my successful companies actually reflects its financial performance in its market value. I remain stubbornly optimistic. Our day will come, even if my children are the only beneficiaries.

[backmarker] 16/9/2019 22:15

i reckon we have just about completed wave 5(ii) and wave 5(iii) will take us to 2.8p

[plasybryn] 16/9/2019 16:21

Thanks my view as well.

[brasso3] 16/9/2019 14:22

The chart is still in a 12 month upward trend and the last 3 months is forming a wedge. A bit of patience required but 3p looks on before year end providing gold holds around $1500.

[soulsauce] 16/9/2019 14:20

Not exciting enough unfortunately Charles. We have all been arguing long enough that the company needs to do something different to attract and keep investors. Ok we have several different views on what, but I think most of us are clear something 'different' needs to happen.

[charles clore] 16/9/2019 14:16

soul - you couldn't make it up!

[soulsauce] 16/9/2019 14:13

Volume completely shot again 🙄

[jaynesdad] 16/9/2019 13:32

Ok, gym done, pie chips and mushy peas. AAU underwhelming again today

[jc2706] 16/9/2019 09:19

Personally I recommend a bowl of oats, fruit, sunflower and pumpkin seeds, and bran followed by a brisk walk and then HIT.

Or slobbing in front of a computer screen.

[jaynesdad] 16/9/2019 09:14

My philosophy is that eating sensibly, but what I want and enjoy, and then exercising hard for 1 - 2 hours every day is better than sitting on my backside all day eating lettuce. One of my daughters (not Jayne!!) does that, is always size 8-10 but never exercises.

[swallowsflysouth] 16/9/2019 09:04

JD, yes the healthy option indeed ! Off walking this morning, which will justify the pub lunch, cannot eat to much due to having to walk back several miles.

[mabel 123] 16/9/2019 09:01

Well, there again, you could try the really healthy option.

Take a carrot. Look at it longingly. Then wait 3 hours before eating it.

mabel

[jaynesdad] 16/9/2019 08:47

SFS, yes, I still have a couple of oilies including BP. Got 93.5 for PMO, looks at the moment (at least!) that it wasn't a bad decision. Had porridge yesterday so I'm afraid its the bacon - in a sense it is the healthy option (stay with me on this one!) because the guilt associated will mean I will cycle to the gym.

[swallowsflysouth] 16/9/2019 08:32

JD, swap the granola for porridge much healthier !

I'm hanging onto my RDSB

[1candc] 16/9/2019 08:29

I only visit the BB periodically and when faced with well over 100 posts a lot of which feature his posts and the responses it detracts from what is a good reasoned BB.

[jaynesdad] 16/9/2019 08:25

Well I'm going to change the subject. Just dumped my Premier Oil shares for a small profit (and yes, I expect to see them much higher later in the day!) and now trying to decide on breakfast. Fresh fruit, a little granola and skimmed milk or bacon egg and mushroom sandwich. Any advice?

[2tyke] 16/9/2019 08:18

swallows

The problem with trying to 'control trading' is that it doesn't work.
In fact, it exacerbates the problem.
Take china suspending trading a few years ago during their problems. All it did was to store up the problem when trading re-opened. The market then fell even more swiftly.
Governments and central banks can't control markets. Markets do what they do.
Think about a sudden disaster and a market being suspended for fear of shorters.
They are actually trying to remove the only traders that ' must buy '

[jc2706] 16/9/2019 08:14

1candc,

Nobody has mentioned or responded to him for days now so unnecessary to bring him up at this point.