Ariana Resources Share Discussion Threads

[paul280i] 30/10/2019 06:59

Where is Tyke when we need an explanation? Not that I'd understand it anyway. He is probably spending his EUA profit.

[jaynesdad] 29/10/2019 23:44

Back. Didn't get better did it! Not sure what will come out before the year end. Q3 financials for sure. Maybe Kiziltepe resource update/ mine life, but maybe not. Confirmation of submission of Tavsan EIA, be disappointed if it wasn't. Kizilcukur into JV I doubt if the trial processing of stockpiled ore hasn't taken place, or for that matter until completion of the takeover of the Kefi subsidiary is complete.
Enough for 5x ? Don't ask me, I know nothing, I'm mystified by the logic behind EUA being a 6 bagger in less than a week!

[paul280i] 29/10/2019 22:32

Enough for a 5 bagger?

[bigglesbingham] 29/10/2019 20:46

Plenty of news between now and Xmas

[paul280i] 29/10/2019 18:58

That's a very kind offer Thanksamillion, I'll mull it over.

[bigglesbingham] 29/10/2019 17:10

Of course you will ! Have faith.

[thanksamillion] 29/10/2019 16:27

paul, leave them to me in your will - I can guarantee I will celebrate in style when the action is through.
;-)

Meanwhile we seem to be at a pivotal point in the proceedings, up or down??

[paul280i] 29/10/2019 16:05

Yes, but will I be alive to see it?

[thanksamillion] 29/10/2019 15:39

Our turn will come.

[jaynesdad] 29/10/2019 10:47

Groan. 2 trades now, both sales. one sizeable. Maybe people selling to invest elsewhere perhaps in another miner??
Off out, cant watch this situation all day, too depressing!

[jaynesdad] 29/10/2019 10:16

2.47.
Yes Biggles. If the AAU share price went up by Friday in the ratio of 2.47/0.47 I'd marry you!
I just find it astonishing, and I hope I am not fooling myself when I say that it is quite possible that something similar could happen here with the right newsflow. I don't think any AAU trades have been recorded today, but EUA has over 1200 - and at the end of last week the MC of EUA was less than ours I think. Shows what a bit of interest does - the initial rises would have hit the mainstream press, potential investors see that, research, buy, share price rises, more potential investors research...
Will be interesting to see what happens in the next couple of weeks, there may be lessons to be learned. Of course chartists will say this rise was predictable, but I don't see how, EEUs share price graph over time was even duller than ours.
Good luck Charles.

[bigglesbingham] 29/10/2019 10:02

2.39 ha ha

[m20ash] 29/10/2019 09:54

JD, lol! You may be right. Time will tell and if they are successful with a sale of the assets, EUA may well be sat on a big pile of cash, which will be great for their shareholders. Maybe those shareholders will sell up and then be looking around for the next opportunity....
Cheers, Ash

[bigglesbingham] 29/10/2019 09:53

Agree totally and have expressed that view to board

[jaynesdad] 29/10/2019 09:19

2.25 Ash....think we studied the form book too much rather than use a pin in the Racing Post and ended up backing the wrong 'orse!!

[jaynesdad] 29/10/2019 08:16

Concur with your comments Ash but the fact is that we are stuck in a rut and EUA is 1.90 as I write up from 0.50 a few short days back! The market may be illogical, but EUA seems a pleasantly illogical place to be right now.....

[plasybryn] 29/10/2019 08:01

Gantt Chart:- how is it different for any Co? You have to make judgments on timings based on experience etc. & then explain if they slip or exceed expectations. Simply.Full costs - AISC - your argument sounds like Brexit. If we don't like the result we will ignore it? I agree the figure isn't perhaps totally representative but that can carry a simply comment. In short order it should fall and present an improving number

[catsick] 29/10/2019 04:51

The Gantt chart is meaningless as they have no control of when permissions to do things will be granted, its not a software writing project, similarly the aisc for a mine with an initial short life that is planned to be extended to a much longer period via exploration does not mean a lot if you have to depreciate the capex over a short period which you then extend, what would be meaningful would be some sort of cash flow projections from the mine over the next 2-3 years when things should be predictable together with an idea of how much they intend to spend on exploration.

[m20ash] 29/10/2019 00:05

Absolutely staggered that investors here are comparing AAU with EUA. On the one hand, you have a company making profits through a JV with free cash flow that will be able to make dividend payments to the parent - AAU - over the next 2 years that should erase the parent company cumulative losses c. £8m at 31/12/18 and allow dividends to be paid to shareholders thereafter, with a company that has not been able to make a profit from it's existing business plan in the last 2 years and has now abandoned it's main contractor for a go it alone approach next year to maximise revenue, involving capital and resource investment that will be a further drain on limited funds, in the hope of reducing costs and generating a profit, whilst at the same time telling the market that it is also looking to sell its main operating assets and doing everything it can to convince the market it has something to sell. EUA has cumulative losses of £25.5m and I very much doubt it will generate profits to erase that any time soon to allow future dividends to be paid. That just leaves the sale of it's main assets to realise any short-term shareholder value and because the numbers simply don't stack up without a considerable amount of investment funding, I'm not sure I would want to take a punt on that.
Having said that, the EUA share price has risen considerably since last week whilst AAU continues to remain in limbo so what do I know.... Maybe 2Tyke was right when he said markets are not rational!
Cheers, Ash

[jaynesdad] 28/10/2019 23:37

I fear some may have a bit of a downer at the moment and I admit a couple of my posts probably haven't helped. I still believe this is a massively undervalued company, and with a steady procession of positive news about reserve upgrades, Tavsan, Kizilcukur, repayment of debt(s) etc we could easily see the sort of revaluation in the share price seen elsewhere. I just don't know when!

[plasybryn] 28/10/2019 18:27

Most Co's produce a Gantt chart showing expectations. It is pathetic to say they can't because issues aren't under their control imo. Shareholders need to see what is planned. It is equally inappropriate not to provide an AISC figure. It is misleading to quote costs without essential elements. It is meaningless and doesn't enable proper comparisons to be made. It is annoying that they say they are such a low cost provider when they aren't quoting an a AISC figure.

[trevor1234] 28/10/2019 17:36

Hi Charles I don't often post But I follow this board regularly I agree with you, I have been invested here for quite a few years now. think we were all expecting a better outcome from Salinbas not saying the results were bad but the P R was shocking and it went down like a damp squid just as the share price seemed to be heading in the right direction. all the results and announcements (excepting about the overdraft)have been very good since then and gold still holding up relatively well so had hoped the share price would be higher

[charles clore] 28/10/2019 16:42

dixi - true! The point I was making is that with EUA you can see that the directors are making incredible efforts to release shareholder value for themselves and ordinary shareholders whereas the only thing the AAU board has released so far is value for themselves.

[dixi] 28/10/2019 16:26

Well, yes, compared to EUA AAU looks as dull as ditch water, but EUA looked much the same until a couple of days ago.