Ariana Resources Share Discussion Threads

[bigglesbingham] 08/1/2020 23:42

Yep they are bored

[moneymaker2015] 08/1/2020 22:03

The spreads horrible here at the moment. I wanted to top-up this afternoon but was getting quoted near 2.6p to buy and to sell at 2.42. Hopefully we’ll get a bit of a drop in the buy price again before news drops.

[thanksamillion] 08/1/2020 18:17

Not that close? They share a border about 200ml from Salinbas, or have I missed something?

[plasybryn] 08/1/2020 16:44

Iran isn't that close to Turkey. Slowly slowly the Share price seems to be advancing nicely ahead of news next week perhaps?

[swallowsflysouth] 08/1/2020 15:40

Interesting piece of news, Russia now piping gas through Turkey to Europe. By implication it is in Europe, Russia as well as Turkey interest to ensure peace is maintained in Turkey.

[thanksamillion] 08/1/2020 13:00

I am thinking the fact AAU operates in Turkey and its proximity to all the troubles is holding this back. If the deal goes ahead...as it should.. the Cyprus angle should reduce that exposure. Further, I would be looking for the Board holding out the prospect of a regular 5% annual dividend going forward. This would cost around £1.2m p.a. but would show that potential investors hanging around for a better time to buy in the coming years would miss out on significant rewards. Zenith will be throwing off profits/cash from now on so funding should not be a huge problem. The alternative is more of the same regarding the share price

[kirbs4] 08/1/2020 12:38

The usual then!

[bigglesbingham] 08/1/2020 12:19

MMS just messing around 2.35 to 2.57 and playing with spread. Nothing significant imho

[kirbs4] 08/1/2020 11:42

Expecting a large (1m +) buy to be displayed late.. Can anyone see one? I know sometimes it is just certain ADVFN views that omit trades. No explanation for the rise based on trades showing on the mobile app..

[bigglesbingham] 08/1/2020 11:25

Point is this is massively undervalued whether MOU becomes a deal or not.

[backmarker] 08/1/2020 11:12

now for some charting (- sorry, I can't help it)

taking the October low as the base for a 5-wave upwave, then:

the end-November spike may be read as the top of wave 1;

the 2.2s could be read as wave 2;

which means we could be in wave 3 up, perhaps starting subwave 3.

that would suggest wave 3 might take us close to 3p but not quite making it (resistance and all that) and leaving it to wave 5 to crest the summit at or above 3p. timescale 4-6 weeks (?) which would take us nicely up to the end of loan repayments.

however the MOU turning into something bigger could throw that out completely.

in short: 3p by Xmas has now become 3p by Easter.

[reminiscent of Brexit, Crossrail, etc etc]

[crossfirecssf] 08/1/2020 10:28

The breakout was back at $1500. The initial target looks to be $1650-60. $1900 in the rear view mirror is technically and fundamentally just a matter of time.

Now, the question is,... are we all holding a company that's capable of delivering on that leverage,... or cussing it up (Fantastic Mr Fox ref).

The evidence so far in terms of news flow has been 95% positive, so at some point I guess you have to lay the chips on the table, board the plane,... whatever analogy you want to use for a low to medium risk endevour. I'm all in... still.

[charles clore] 08/1/2020 10:23

If they were buys I think the price would have reacted positively rather than come off the day's high

[paul280i] 08/1/2020 10:21

Could those 2.5s be buys?

[shortarm] 08/1/2020 08:34

Well, some people seem happy enough with 2.5!Embarrassingly premature I think :-)

[mad foetus] 08/1/2020 08:06

False dawn or or prelude to a rerating?

[shortarm] 08/1/2020 08:05

Quick out of the gates this morning!!!

[backmarker] 08/1/2020 03:26

surely AAU will get an uptick today.

[alwaysevolving] 08/1/2020 01:07

Well that’s $1600 just gone. It’ll probably go much higher when tRump starts throwing missiles back. What a mess.

[charles clore] 07/1/2020 23:50

yes it's quite spectacular isn't it biggles!

[charles clore] 07/1/2020 20:04

Good part about it is, of course, that we are less than 2 months and counting down the weeks away from the new company stucture being agreed and with it a very nice cash bonus for shareholders (those who are in). Meanwhile some data may be close iirc.

[soulsauce] 07/1/2020 19:51

backmarker look up Mike Curb Congregation on you tube 😉

PoGs still going up, that must mean another red day tomorrow.

[backmarker] 07/1/2020 11:22

and thinking about Kelly's Heroes as an allegory, in the end everyone ganged up to take the gold