Ariana Resources Share Discussion Threads

[gaddy88] 11/2/2020 21:51

Week beginning 24th Feb is when it will drop. Ties with all else stated previously. What's a few days anyway, might get some new investors on board as the story evolves.

[temujiin] 11/2/2020 19:56

“entering into a binding agreements and shareholder approval, no later than the end of Feb. 2020”.

On the face of this it looks like we should be seeing an RNS any day....but I think we need to respect that Biggles is uniquely connected to the BOD given his 3%+ holding and visit to Turkey and although I doubt he knows any sensitive information, he probably gets a general steer from the BOD, and the mood music is to expect an RNS late-ish in the month. So I suspect the above has just been poorly worded.

[charles clore] 11/2/2020 17:01

Brad - I am hoping for about 8p short term

[bigglesbingham] 11/2/2020 16:22

Only one small trade below 3p very reassuring

[bigglesbingham] 11/2/2020 16:21

My thoughts exactly pal

[shortarm] 11/2/2020 14:56

Good fight between buys and sells at this level..Solid base for the next jump which will hopefully be on results and prior to the jump on the agreement....

[kaos3] 11/2/2020 14:16

CC - good strategy for a slow market. in fast moving it is more difficult.

3p retest - as expected.

I added above reason because each day a RNS can strike and then I would curse myself for being stingy

[brad44] 11/2/2020 13:06

What are you looking at Sp wise CC? assuming all goes to plan?

[charles clore] 11/2/2020 12:26

I built up most of my holding by placing limit orders. Sometimes had to wait days to fill but got them all for a good price. Might be different now though!

[carcosa] 11/2/2020 11:36

k3, Deal over the telephone, because the market makers are obliged to deal, unlike electronic trades on SETSqx where they are not obliged fullfill your order.

[kaos3] 11/2/2020 10:53

ekuuleus - can you explain it to me or give a reading material on the MMs topic - why on certain only (small) stocks spread is huge?

why do certain MMs at specific stock not want to fill a trade despite me bidding at the offer? why do they offer then? even above the offer they do not want to sell?

does the Co have any influence over MMs ?

why are they allowed to withdraw the offer after they see an order (insider info??)
etc
I had problems buying as well.

TIA

[plasybryn] 11/2/2020 10:37

Sorry - posted twice by mistake.

[plasybryn] 11/2/2020 10:36

I think you could be right Biggles. I've looked back through my notes and see that I recorded that following a chat I had with Michael on 9th January, that the target was to conclude Due Diligance by the end of January. Then they iron out and agree the definitive Agreement by hopefully 29th February. This will then be put to shareholders to ratify at a General Meeting, which presumably will be held in March. If the D.D. process has been completed end of Jan. as planned, and we haven't heard anything, then I think we can safely assume therefore that that part of the process has gone to plan without any hic-ups.

[plasybryn] 11/2/2020 10:04

I think you could be right Biggles. I've looked back through my notes and see that I recorded that following a chat I had with Michael on 9th January, that the target was to conclude Due Diligance by the end of January. Then they iron out and agree the definitive Agreement by hopefully 29th February. This will then be put to shareholders to ratify at a General Meeting, which presumably will be held in March. If the D.D. process has been completed end of Jan. as planned, and we haven't heard anything, then I think we can safely assume therefore that that part of the process has gone to plan without any hic-ups.

[mad foetus] 11/2/2020 09:03

The spread does go up and down but it's in an 18 month uptrend, it's not material to anyone looking to hold for longer than a few days.

[ekuuleus] 11/2/2020 09:02

odvod, yo're right you don't know. Why don't you research what the MM's do and how a market is formed, rather than casting baseless aspersions?

[odvod] 11/2/2020 08:59

AAU has bad MMs. wide spread, not allowing it to run, killing "sound" buying and selling if MMs do not their above normal cut. something that the BOD should look at. can it change I do not know

[bigglesbingham] 11/2/2020 08:22

I'm just commenting really on my gut feeling after discussion with Kerim and michael Plas. As I said I can always be wrong pal

[plasybryn] 11/2/2020 08:19

The RNS said "entering into a binding agreements and shareholder approval, no later than the end of Feb. 2020". As Nigel said yesterday you need a fortnight prior to announce the meeting and issue the details. He said end of this week latest. Who knows. Nothing ever runs to plan. Easy to get minor delays although it sounds like our new partner is not one for slippage.

[bigglesbingham] 11/2/2020 08:11

Don't know about boom but tick up due shortly

[odvod] 11/2/2020 08:06

BOOOOOOOOOOOOOOOOOOM

[bigglesbingham] 11/2/2020 07:42

I really think we are talking end of Feb minimum for RNS regarding the MOU . From all interviews and discussions I got impression the details should be out for end Feb then they will be voted on. But can always be wrong.

[nov31] 11/2/2020 07:04

Not today then

[charles clore] 10/2/2020 21:53

Ladies and gentlemen. I believe we now find ourselves in the right place at the right time.

[bernymadoff] 10/2/2020 19:59

And the 500k is also a buy