Ariana Resources Share Discussion Threads

[charles clore] 23/4/2020 09:25

Iron - thank you. I have to admit to being an AAU afficionado with a reasonable sized holding. Therefore I am biased but at the same time I believe realistic and with gold on the up, quite exciting times..

[ironstorm] 23/4/2020 09:07

Charles your positivty of recent times shines through.

Last time it was at these levels was in 2012. Looking back 10 years lots of congestion around the 5p mark makes your target look really acheivable.

After that it look like 7p which it briefly spoked to.

Think we need to close over 3.7p first. Maybe today, Maybe not, But soon I expect, hope and believe.

[8rad] 23/4/2020 08:58

Todays update surely makes the proposed deal even more of a no-brainer and we also know they have hardly scratched the surface.

[charles clore] 23/4/2020 08:40

On the chart side the more observant traders could be buying the inverse head and shoulders which looks a good bet for 4.9p.

[bigglesbingham] 23/4/2020 08:40

Think that may be a few weeks away. They may do it quarterly for ease of admin.

[bigglesbingham] 23/4/2020 08:38

In the last 12-18 months they've started to get switched into by multiple rnss and I too like them . Reason being if you have one combined rns may get spike 15% but three rnss let say get three 5% but compounded. Plus gives them more opportunities to be picked up by the markets.

[kaos3] 23/4/2020 08:34

why do we not seehigher share price - because big old and patient money bets on the sure side - low risk, just high reward

big money is waiting for the JV outcome imho

I would - if I was rich with the aim of preserving capital, not making big money as fast as it is reasonable

[ironstorm] 23/4/2020 08:28

Followed by further cash return from the JV next week. Another £1m?

[plasybryn] 23/4/2020 08:28

I agree Biggles. But they will have to update the market on the Deal. No news to date is positive in my opinion. Get the name out there and confirm it is a goer and the pent up demand will be in a different league imho.

[kirbs4] 23/4/2020 08:27

What is your view on consecutive RNS Biggles? I like them and think it creates huge momentum but i also appreciate some see them as a recipe for a peak and fall. I'd like to see an RN's tomorros for instance on the debt being cleared to back up this one today.

[ironstorm] 23/4/2020 08:27

BB with you on that one. 🥳

[bigglesbingham] 23/4/2020 08:22

Next RNS - "Capital debt cleared"!!!! Or that's what I'd issue .

[charles clore] 23/4/2020 08:21

This company hasn't put a foot wrong for the past 2 or 3 years and yet this hasn't been fully reflected in the share price, it is still undervalued. But no matter how many times profit taking pours cold water on the share price, eventually it will have its day. Today's resource update is a key event. I would be surprised if this doesn't perform exceptionally well in the near future.

[plasybryn] 23/4/2020 08:08

It's interesting if you go back to the blogs on 3rd May 2017 when we had the last Resource update. It looks as though the market didn't react much but interesting blogs from biggles and others. There were complaints that it was presented in too technical a format and not really worded for investors. I must admit the recent Resource RNS from Medusa Mining (MML) shows how to present this stuff imho. But it's great to see a different story today and see the market respond. Perhaps being in a stronger gold price environment makes all the difference. And the fact that we were looking oversold compared to peers of late. Let's hope Kerim does an interview to add more to the bone and Panmure Gordon issue an updated Flash Note with increased valuation. Perhaps something from share price Angel as well.

[easwarareddy] 23/4/2020 08:08

Cant buy a bean... 5p coming

[renniks2016] 23/4/2020 08:00

I could not buy 100k on exchange @ 0.035 yesterday afternoon, so should open higher, but MM's will play all sorts of games in the next two weeks and I could be lucky and pick them up today for less!! yeah right!

[1candc] 23/4/2020 07:53

extending the mine life is significant

[mad foetus] 23/4/2020 07:44

I think the news is welcome but not significant. But like all small goldies the share price here moves in mysterious ways: a couple of months ago it was down mid-morning after announcing that it had beaten FY estimates by 20%. Only moved up after midday. MMs can do whatever they want to help favoured clients, but as long as the news is positive, and the favoured clients want to buy rather than sell, it works out in the end.

[ironstorm] 23/4/2020 07:41

What’s not to like here. Onwards and dare I say it upwards.

When do we make final loan payment?

With delays to signing the new deal I suspect we will get further sizeable divis in the meantime.

So much to look forward to here.

[bigglesbingham] 23/4/2020 07:39

How did the potential buyer know?? Bloody annoying

[bigglesbingham] 23/4/2020 07:38

Think that may be optimistic on a technical RNS . Historically technical rnss relating to Ariana have been the basis on my increasing holding over the years but for some reason the market never seems to get excited by them. However with potential deal significant extra minelife and price of gold who knows what the catalyst will be. You never know I could be surprised.

[pranchalee] 23/4/2020 07:35

That’s why they wanted the shares yesterday afternoon happy days

[soulsauce] 23/4/2020 07:33

The excellent news continues.

I would imagine follow up drilling on underground extensions at Arzu South suggests the initial drilling was very positive.

[easwarareddy] 23/4/2020 07:31

Will be today

[bigglesbingham] 23/4/2020 07:28

It will be shortly