Ariana Resources Share Discussion Threads

[desertjoe] 11/1/2020 19:15

Same here, Ironstorm. Cyprus worries me a little...but that might end up as a separate spin-off at a future date anyway.

[ironstorm] 10/1/2020 23:03

I am hoping this goes ahead. Great bringing forward of revenues / cash / profit.

If I had infinite time / money, then I would not want the deal to continue. But I don’t. I want the company y to start paying back shareholders sooner and in bigger numbers.

My timeframe is 5 years not 10 or 20.

Here’s hoping the deal goes through.

[bigglesbingham] 10/1/2020 19:13

The drilling results will be fine as they are done next to the existing holes. They are just checking that AAU haven't mislead anyone. If your invested here because of faith in management you wouldn't believe they would have misled the market . So drilling results are a given for me. I can't see this not going through. MDV certainly thinks it is by his recent restructuring of his shares in order yo make dividend payments more palatable d ted a wise.

[plasybryn] 10/1/2020 17:15

I can only assume that sellers today don't realise Q4 preliminary results are imminent and that our Capex debt is now c. 90% cleared, meaning Q1 loan repayments will be minimal increasing free cash flow considerably. As they say, wouldn't want to be out over the weekend!

[plasybryn] 10/1/2020 17:11

My understanding is that everything should be concluded by end of February, save the General Meeting for shareholder ratification.I believe the D.D. process will be completed by end of January, or thereabouts.

[erro] 10/1/2020 16:12

Does anyone know what the target date for completion is? Didn’t the proposed partner also do some dd drilling - those results will be key to the deal progressing. I would assume they should know these by now or pretty soon

[charles clore] 10/1/2020 15:57

Thanks for the heads up plas

[plasybryn] 10/1/2020 15:27

I understand from Michael de Villiers that all is on track to meet the target date and all going forward without any problems. As you say I would expect very encouraging numbers next week as well. A very exciting few months coming up. Stand by your beds.

[d1g3y] 10/1/2020 15:02

Looking forward to the Q4 and FY numbers wonder if they will give any comment on the MOU progress. Next week should be interesting

[crossfirecssf] 10/1/2020 07:20

Every $10 increase in the gold price = over $250k in sales... and we’re just getting into the next significant wave up in PMs...

Our moment grows ever closer. :o)

[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?