Ariana Resources Share Discussion Threads

[kirbs4] 30/6/2020 18:23

Hopefully you are all right with the more positive suggestions. My thinking around a bigger drop is on the basis we have accumulated a lot of new holders over the past few months and many around the high 2's and low to mid 3's. While many will be long holders, and many as a gold play which is still valid, undoubtedly many will be due to the potential MOU. I think a new holder buying at up to 3.4/3.5 would be put off by more delays and happy with a bit of profit to invest elsewhere. Just my opinion of course and actually there is likely going to be buyers to mop some up as others have stated.

[bigglesbingham] 30/6/2020 17:43

Add 15% to those figures soul and that's my take

[dixi] 30/6/2020 17:15

If the gold price continues with its current exuberance AAU would be a very good buy if it were to drop back to 3.2 / 3.5. The deal accelerates Salinbas. A ‘no deal’ and AAU at that level would still represent remarkable value :-)

[renniks2016] 30/6/2020 17:04

If it goes anywhere near close to 3.5 the dry power will be coming out and it's a big keg, so it won't be there long. Gla and try to get some sleep tonight lol

[pauliewonder] 30/6/2020 17:02

Me too. Have some powder dry

[bigglesbingham] 30/6/2020 16:53

If it goes to 3.2 I'll be buying !!

[zedder] 30/6/2020 16:53

Dyslexics need to be careful. We wouldn't want them thinking it's a dealy!

[kirbs4] 30/6/2020 16:41

Light hearted predictions for tomorrow? For me..Deal announced: 5.3pDelay announced: 3.2p

[pauliewonder] 30/6/2020 16:28

Just seen. Clearly the US is a key concern for markets. More volatility on the way. Gold could find a platform at 1800. Bodes well for AAU as their margins must be pretty tidy particularly that it's all cream at these levels

[1candc] 30/6/2020 16:26

Courtesy of Kitco

With gold prices having breached the $1,700 an ounce level and sustained upwards momentum, investors should look to buy not only the bullion, but also gold equities, whose share prices have not yet priced in these higher gold levels, according to Peter Marrone, executive chairman of Yamana Gold.

“This is one of those situations where one should be less cautious, and one should be invested in the gold sector, but more than gold as a metal. I think one should be invested in gold equities,” Marrone told Kitco News. “While gold prices have gone to these levels, in excess of $1,700, today almost touching $1,800 per ounce, it seems to me that gold equities are not reflecting - in terms of their value and share price – they’re not reflecting that gold price.”

[xow98] 30/6/2020 16:25

Gold 1,800

[soulsauce] 30/6/2020 16:14

Whoaa Gold and Silver on a buzz 😉👍

[rumpus1] 30/6/2020 15:47

For my penny's worth, I think I'm with Crossfire on this, Biggles. I'd rather a small piece of bad news then the good. Once the good news is out the price will peak then drop, I'd rather that it wasn't encouraged on the way down. People will always remember the last piece of news, so better to leave a pleasant taste in the mouth and let the share price go down a bit rather than tank. Also, if we want new people to come in and the last piece of news on the RNS feed is a delay on the accts, I'd say that also doesn't look good. Let's hope tomorrow brings something cheerful.
On another note, looks like gold is breaking out. The US open looked like the usual attempt to push it down but it is now at 1777. If the Alasdair Maclean interview (that someone posted on here the other day) is anything to go by, when the US market closes today, we need to be over 1772 to close on a high for the quarter, and given the current short positions in the market due to close we should get a rocket lit under the chart. Fingers crossed.

[thanksamillion] 30/6/2020 14:48

I regularly include sporadic Anglo Saxon/Fresian vocabulary (amongst friends or .. enemies) in my pronouncements. Seems Balkan and Saxon/Fresian have a common history.

[kaos3] 30/6/2020 14:40

full respect to tem - he is a man of his word btw

[kaos3] 30/6/2020 14:39

not commenting on JV I assume JV will go ahead soon - or it is a major flop.
timeline 1 week

in my balkan language they would be saying - I dont give a f .... about ....

[xow98] 30/6/2020 14:12

Two months should be sufficient for the below, unless AAU have pushed for much better terms given the current gold price and additional reserves.

1. This will enable the Parties to evaluate the proposed new Joint Venture ("JV") and the draft legal agreements detailing the specific terms of the JV.

2. This provides additional time to enable an "even more thorough" review by the Parties and coincides with significant new project developments, including the revised Resource Estimate for Kiziltepe, announced last week, and revisions to our resource for Tavsan which remains work in progress.

Implies that there was a already a thorough review prior to the extension, so shouldn't need any further extension.

Not extending and opening up the process to additional parties (assuming there are some) shouldn't kill the deal, merely apply more pressure on the parties to conclude the deal.

[plasybryn] 30/6/2020 14:01

JeremyNaylor discusses gold fundamentals with John Mayer. share price Angel.AAU chart mentioned.Watch here: youtu.be/lszustZe7_U

[crossfirecssf] 30/6/2020 13:56

Additionally, I think that the other party were given an extension until close of play today to assess. Was there mention that AAU would release to the market the result of that assessment by close of play today? Two different things.

[jaf1948] 30/6/2020 13:29

I didn't say they had missed this one ! We're all happy to comment on things Ariana does well but the handling of this whole MoU, especially since Covid, has not been one of their better plays IMO.

[plasybryn] 30/6/2020 13:25

The MoU extension was to close of play on 30th June. The Co. hasn't missed it's stated extension date as yet. Stay calm.

[jaf1948] 30/6/2020 13:18

It's a slippery slope when a company starts taking its shareholders for granted. Setting its own deadlines then extending them when they are not met is not what I expected from a professional outfit that previously Ariana has shown itself to be.

[bigglesbingham] 30/6/2020 12:31

I thought that but disagree with strategy, a positive deal outcome with give a big percentage increase. I would rather a big percentage increase on a higher starting value. Yesterday price dropped expectedly cos of accounts delay news. No one would give a Toss about accounts if it came after the deal announcement. So if this was their strategy I don't agree will it.

[crossfirecssf] 30/6/2020 12:22

Just a thought. There has been no bad news from this company for as long as I can remember. Under promise and over deliver has been the general M.O.

Travel restrictions causing a delay in completion of audit is obviously out-with their control and therefore fair and square.

But the JV is a different matter. There's a lot of doubt creeping in among posters, but consider this as a possible scenario...

Yesterdays RNS is small change and so release in advance and have it processed and shoved to the back of holders minds.

The following day or possibly one or two days later, knock it out of the park with an RNS confirming the JV, a one-off dividend and detailed plans outlined for the next few years of development. It certainly wouldn't be going against the grain of Kerim's style of management, notwithstanding the counter party risk. I'd say the odds are still just about in our favour given the balance of probabilities and past performance.

tick, tock, tick, tock...