Ariana Resources Share Discussion Threads

[thanksamillion] 01/10/2019 16:53

Two actually, the one at 2.1754 looks like a sell to me.

[plasybryn] 01/10/2019 16:39

If we judge the success or otherwise of this afternoon by market reaction, it stimulated one 200,000 sell! Great.

[soulsauce] 01/10/2019 15:27

No bigglesbingham wasn't shooting the messenger lol. Glad you brought it to our attention.

[2tyke] 01/10/2019 15:26

The only 'pratts' biggles are those who think that a share price can be manipulated by asking questions about a company.
SP's are not driven by economics. They are driven by sentiment. Traders don't buy or sell depending on 'brokers' or future mines in cyprus.
They tend to buy when a share price is going up.....and sell when it's going down. It's about fear and greed and money ... it's not about falling in love or being proved right.

[soulsauce] 01/10/2019 15:23

Plasybryn yes I hope they can get Kizilcukur away soon as and bring in a nice bit of revenue.
We're still getting ticked down so keep ticking you up.

JD hand on heart I am not sure many of us did. Anyone want to own up to that savvy question?

[bigglesbingham] 01/10/2019 15:22

Didn't say I agreed soul! Don't shoot messenger

[jaynesdad] 01/10/2019 15:02

Indeed Soul. That's a shocker. Think it was £7-8m, also it was in JV. So say £3.5m of debt in AAU I didn't know about (to be fair probably an oversight of mine, and yours apparently!). Is quite a bit off the net asset value for £23m market cap company.

[plasybryn] 01/10/2019 14:57

Soulsauce: great reply. As you say memories are short!!! We told Kerim etc. repeatedly what a shower Beaufort were, but they took no notice, yet they must have known. They kept them because they knew they could facilitate raises through their rather dubious methods which eventually came to bite them.
The sale of Kizilcukur into the J.V. could be a bridge whilst we wait for Tavsan to come on stream.

[soulsauce] 01/10/2019 14:50

Lol Charles.

Now what's all this about a banking facility?

[mcmather] 01/10/2019 14:47

30 September 2019: "Re-iterate Buy recommendation with target price of 3.18p..... Our approach to evaluating Ariana has recently been changed to use the same methodology as that applied to our senior gold equity valuations. The rationale for this change is to reflect, what we believe, is the final evolution in the Ariana investment case, from an exploration and development company to one that is also profitable and cash generative and is therefore an acknowledgement of this evolution"

[charles clore] 01/10/2019 14:46

soul - you need to cut down on that coffee lol!

[soulsauce] 01/10/2019 14:41

Excellent post Plasybryn 17164.

Bigglesbingham I nearly choked on my coffee reading that.
A company that stuck with Beaufort for so long with all the problems that brought with it for shareholders, now doesn't rate other brokers as high as PG even though they are about as much use as a chocolate teapot to us 🙄

Ariana with a conscience on brokers, who'd a thought it 😀

[plasybryn] 01/10/2019 14:39

I was encouraged however that we should get a Red Rabbit Resource update this quarter and a new Reserve early in 2020. Drill results are coming in now and will be released pit by pit according to Kerim.

[plasybryn] 01/10/2019 14:34

We aren't talking about appointing a secondary Broker, which I agree could raise concerns. No, just getting one of the many that do this sort of analysis to do a Note. The advantage is that they are very likely to be less conservative and like share price Angel won't let the new legislation prevent them distributing it to all interested parties, other than as with P.G. paying clients only. So it would get a much bigger circulation.
It could be a one off. No ongoing contractual relationship.

As to the Gantt chart, most Mining Co's produce one. They all suffer from the problems of some issues on timing being outside their control - (Permits etc.) Just because this is the case, which I'm sure we all understand, it is pathetic to say you won't provide one. It is a very valuable slide which helps current and new investors at a glance to see the breadth of the projects and the accretive timings.

[mcmather] 01/10/2019 14:25

It was far from slick and the questions were 'perfected' before being asked but overall thought it was a useful exercise.

Next news of interest for me will be the drilling results for Arzu South, North and Derya and by how much they will increase the life of mine / what the grades are.

[bigglesbingham] 01/10/2019 14:20

When I asked about salinbas she had to take it down shorthand and I had to spell salinbas twice. Format should be improved for next time . Mine you if you open the q & a directly it could create massive problems if a Pratt gets to ask question with a view to trying to cause damage to the share price for personal gain. Think of this board now for example there's one or two on filter.

[bigglesbingham] 01/10/2019 14:15

They have to get permits for tarsvan which can take ages as it did for kiziltepe that's why he was so chuffed at getting licenses for salinbas.

[bigglesbingham] 01/10/2019 14:13

Kerim told me that was his view too regarding spooking market with worries of placing

[bigglesbingham] 01/10/2019 14:11

I got more of a feel as to what they are trying to achieve and that is a much larger player. They stated that they are looking at using these figures to recapitalise then look at divs buy back. Between lines procea odds on partner for salinbas and why not?? They are creating a very solid base. I still see a big boy coming in , the one thing I'm wondering about is with the complex nature of the business JVs protect them from being taken out?

[jaynesdad] 01/10/2019 14:10

To be honest that was disappointing (I mean the bits that worked!). Think questions were toned down a bit and the answers seemed strangely waffly and avoiding the clear points the questioners had in mind. From my point of view the biggest take away was a hit that work 'should', 'possibly', be underway at tavsan T the end of 2020. I would really like to know that will be stuck to, which would mean production there in 2022, debt free (in Tavsan) in 2023. Lot of free cash in Western Turkey from that point. Maybe.

[jc2706] 01/10/2019 14:07

I agree with them. I have yet to see multiple brokers have an impact on the share price. Usually when a small miner gets another broker the investors run for the hills screaming 'placing!'.

[bigglesbingham] 01/10/2019 14:06

They won't do a gaunt chart because it paves way for unachieved deadlines which are often out of there hands. They don't agree with second broker because like it or not they hold panmure gordon in high esteem and don't rate majority of brokers. Their thought process is another broker won't increase share price or every company would have three or four.

[soulsauce] 01/10/2019 14:03

It got us somewhere Plasybryn but not as far as the excitement of a conference call suggested.

Ahh well hopefully the Q3 results will push us on.

[bigglesbingham] 01/10/2019 14:02

I asked questions regarding Cyprus and what did he mean by being bigger. It's in Cyprus gold copper and he quoted the same line the md of chesterfield resources quoted regarding meaning of Cyprus. It would be via a buy in . With regards to what he meant by Ariana thinking bigger he clarified it by being a bigger producer which imho doesn't stop someone coming in a making an offer if shows that we have another alternative ( unlike brexit now) . He emphasised much bigger potential in salinbas. Tarsvan will be funded via loan which I had suspected but not heard before.

[soulsauce] 01/10/2019 14:00

Between now and xmas then Q3 prelims, Q3 finals, some various drilling results and hopefully something more definite on Cyprus.