Ariana Resources Share Discussion Threads

[bigglesbingham] 01/6/2020 08:24

Mms messing around

[renniks2016] 01/6/2020 08:17

That's the lads ISA full! ;)

[kirbs4] 01/6/2020 08:17

Surprised this hasnt ticked up yet, 1m traded and all above 4p

[pranchalee] 01/6/2020 07:27

Gold shares in general should strengthen today,where better for your money

[renniks2016] 01/6/2020 07:24

POG 30th June $1,800-£1,850 any advance?

[a.fewbob] 31/5/2020 23:32

Anyone top slicing at these prices is a moron bean counter.

They fail to value gold where it’s likely to be in the next few years....

[1candc] 31/5/2020 23:25

Thanks bigglesbingham re Somerville. I am surprised that as a professional pundit he was unaware of the $8.5 million working capital. I would imagine that paying clients of share prophets (I am not one) would expect a better grasp of the facts than portrayed.
The people he urged to top slice at 4p can watch in admiration while he personally top slices at 5p and marvel at their own missed opportunity to hold until they could also top slice at that higher price.

[a.fewbob] 31/5/2020 22:49

Just out of interest,

Roughly what is Ariana worth in terms of $ per oz in the ground?

[plasybryn] 31/5/2020 22:29

Join the Club.

[bigglesbingham] 31/5/2020 21:36

Think that's my first down tick ?

[bigglesbingham] 31/5/2020 19:13

Somerville at it again saying he was surprised by working capital loan. This is nothing new and mentioned many times, thought he'd have done his research anyway he's only said top slice at 5 p now. How much must his punters have lost by top slicing over last few months . He's bit of article relating to Ariana. Meanwhile Ariana offered up its Q1 numbers which were predictably strong, and it was interesting to see that head honcho Kerim Sener held off from silver sales, preferring to wait for better prices. As things stand, that seems to have been a correct call but more to the point it suggests that Ariana is somewhat awash with cash. With gold prices well above Ariana's average selling price of $1,600 per oz in the first quarter – gold is now $1729 – that bodes really well, even if I was surprised by the admission that although the Kiziltepe joint venture has paid off the bank loan for building the plant, there remains a working capital loan of $8.5 million which is due to be settled by October 2021. In the broad scheme of things, whilst disappointing to discover (no doubt if I had studied Ariana's annual report I would have turned it up), I don't think it is a big issue but it does affect my confidence a little: how can the JV be largely free of debt with an $8.5 million pile of....er....debt! But since this is working capital, it suggests that it really is temporary cash to grease the machinery so it is not that big a concern.At 4p per share I still see plenty of speculative upside in Ariana, and my hope is that Kerim Sener will deliver the proposed corporate action before long. The latest deadline is the end of June, by which time Ariana will have posted its FY19 results and the AGM will be on the way: a perfect time to seek shareholder approval and offer up a dividend? We shall see – and I'm holding on to my shares tightly with a new target to cash in a slice of the pie at 5p.

[plasybryn] 31/5/2020 16:57

Looking forward to a great week with hopefully more value accretive news.Enjoy.

[bigglesbingham] 30/5/2020 18:26

Tarsvan is part of deal

[shortarm] 30/5/2020 15:17

With very low cap ex, IRR was 90 odd percent wasn't it?

[auphilman] 30/5/2020 13:45

Many thanks

[soulsauce] 30/5/2020 09:25

Yes more than RR but still comparatively low and still making $1000 per ounce.

[paul280i] 30/5/2020 08:38

LOM Cash cost $630 oz. Slide 14

[auphilman] 30/5/2020 08:28

Lazy question but is there any indication on the expected cost per ounce for Tavsan.

[paul280i] 29/5/2020 22:57

A weekend read for some, others can read it over coffee.
hxxps://www.stockopedia.com/articles/as-ariana-resources-hits-a-yearly-high-is-it-too-late-to-buy-shares-43783/

[lottsgold] 29/5/2020 20:26

In fact the more I think about the 3x for new resources I feel Kerim has had this planned for a long time in regard to the expanded JV. We get 3x exploration to put into the mine and then receive our percentage still. Maybe that's why things haven't been proved up as quickly as some would have liked over the years. Kerim is a man with a plan and we are lucky to be along for the ride I feel.

[lottsgold] 29/5/2020 20:12

Any announced resource will be going toward a very profitable mine and any resource that still needs proving up can be sold in for 3x exploration by my recollection. So either way very positive.

[8rad] 29/5/2020 19:41

Tavsan is imminent but if that predates the new JV then how will it all work out?

[bigglesbingham] 29/5/2020 17:48

Definitely higher than here

[renniks2016] 29/5/2020 16:56

Ramadam is over, Covid-19 lockdown is easing, gold is a flying, and news is a coming.

weekend will soon be over and so will June, better in than out. GLA 6X a calling.

[alwaysevolving] 29/5/2020 16:25

Not too worried either way. Have a load since 1.6p and I don’t chase SPs to get in any more. Got burned doing that way too much over the years. It will drop back a bit or it won’t.