Ariana Resources Share Discussion Threads

[bigglesbingham] 18/5/2020 10:52

Yes think that is an AAU few years back but see it getting taken out. Long road ahead but good team and good assets .

[soulsauce] 18/5/2020 10:45

Heyup bigglesbingham, have joined you at Chf. Took me 2hrs to get shares and moved the share price up straight away. Drilling to restart soon in Cyprus.
Sorry for off topic.

[red imp] 18/5/2020 10:37

Looking at the Q1 2020 preliminaries I make it:

(67,459 oz AG x $70) / 5129 oz AU = $920

[tim000] 18/5/2020 10:34

Silver @$70 would reduce operating costs per GEO by about 26%

[paul280i] 18/5/2020 10:32

red imp, could you look up the figures from the accounts and work it out for us all?

[red imp] 18/5/2020 10:21

Youre right soul - $920 per oz silver credit on the last quarters figures!

[oilbuy] 18/5/2020 10:19

5p phycological barrier , lets pass 50M cap. 100M cap looking more likely over time.

[soulsauce] 18/5/2020 10:11

For starters red imp I don't think it will be termed a 'credit' at that stage lol.

[red imp] 18/5/2020 10:08

Has anyone worked out yet what that $70 silver price would do to our operating cash costs when the silver credit is applied?

[soulsauce] 18/5/2020 09:54

Thanks 1candc, although I think those numbers are a bit fanciful, at this stage, I do believe we are starting to see the long awaited moves that have been predicted for so long. I would hope $2000 gold and $25-30 silver would be possible by the summer.

[1candc] 18/5/2020 09:45

By Chris Vermeulen of TheGoldAndOilGuy.com
Sunday, May 17, 2020 3:37 PM EDT

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[bigglesbingham] 18/5/2020 09:35

Can't disagree quarterlies this week ?

[1candc] 18/5/2020 09:16

Deal + upcoming results + Gold and Silver shooting up = >6p

[bigglesbingham] 18/5/2020 09:14

May bypass the 5s with this deal

[oilbuy] 18/5/2020 09:05

5p initial target looking closer.

[uknighted] 18/5/2020 08:54

All gold shares are doing well this morning, AAU being one of course.

[1candc] 18/5/2020 08:53

Time to see the 3's in the rear view mirror

[actonovator] 18/5/2020 08:51

looks like we might have a go at 4 today

[shortarm] 18/5/2020 08:51

Selling over the bid so I think there's a significant buy order in......

[stampylong trader] 18/5/2020 08:49

Can't buy any online

[kirbs4] 18/5/2020 08:40

9 pi sized trades in a 5 minute rush from 8:35, been tipped somewhere?

[plasybryn] 18/5/2020 08:20

Break-out?

[master esox] 18/5/2020 08:12

47,665 @ 3.6845p was a buy not a sell ... so probably all buys this morning so far

[mad foetus] 18/5/2020 07:21

I tend to agree tim. What we need though is to get the JV signed and at that point have the plan laid out clearly. With POG so strong the prize is huge. Just need to dot the i's. Really, unless terms are being renegotiated I see no reason why the news can't drop at any time. But if we could get share price over 4p, maybe even close to 5p, before that happens, so much the better

[tim000] 18/5/2020 07:04

I apologise if this has already been discussed, I don't read the posts very often. In business, "time is money". For AAU, without the new JV, imho it could take a decade to get Salinbas into production given the amount of work and finance needed, and another decade after that to monetise the new Cyprus assets. There's no chance at all that they could develop both projects contemporaneously. But with the JV, that's no longer the case: both projects will move forward together. Given the gold price environment, surely it's sensible to get new projects into production asap? Personally, I think the JV is a no-brainer.