Ariana Resources Share Discussion Threads

[a.fewbob] 26/7/2020 11:56

Charles,

Yes I agree whole heartedly.

Ariana is an excellent company.

[charles clore] 26/7/2020 11:44

Numpus point taken. Afew this is certainly not one of those moneymaking scams. I think you would struggle to find a more genuine company on the AIM market than this one. I am sure it's going to attract a lot of interest in the next few months.

[a.fewbob] 26/7/2020 11:35

I can deal with bad decisions.

What I really am sick to the back teeth with is the flagrant scamming in the AIM market.

I have fallen foul a few times.

The most recent of which was that Chinese amazon type float.

JQW if memory serves.

It became very apparent, very quickly that the brokers or whatever institutions were responsible for bringing them to market did ZERO due diligence.

When you invest in an AIM stick you expect to face higher risk. What you should not expect is to buy into a complete and utter money making scam.

And there have been hundreds.

AIM is a cesspool.

The regulators should all lose there jobs.

[rumpus1] 26/7/2020 11:25

Charles, absolutely - you and I are in the same boat. My point is that he has different responsibilities and if he doesn't pay attention to them, he isn't doing his job. His only reason for selling is he feels over-exposed even if he does feel confident in KS amd the story. He's still saying he's confident in the share...

[charles clore] 26/7/2020 11:18

Numpus - for every investor that has been badly bitten there is another who sold too early and missed out on a multibagger. Most of us are here because we don't mind risk. We mostly only get one chance at this so I am going to ride it and see where it goes.

[1candc] 26/7/2020 10:43

Anyone considering taking SP's advice need to consider whether they have a better home for that money when the very same top slicer pundit advises he sees the share price increasing to 10p and beyond.

[rumpus1] 26/7/2020 09:55

IMHO, I don't think the Shareprophets thing is bad at all - he's saying he is in up to his neck on this share because he believes in it. I've been there and been bitten badly before and so don't have a problem with him top slicing to reduce his exposure. As a tipper, I'd also say that he has a responsibility to take a more balanced risk/reward ratio than we do - we also don't know the profile of most of his readers and how adept they are at investing.

[renniks2016] 25/7/2020 22:22

Crypto v Gold




Even large holders of bitcoin are advising to hold more gold.

[mad foetus] 25/7/2020 22:04

I think he was recommending top slicing at 4p some time ago. Always a tough one that too slicing v running with your winners. I'm more minded to top up than top slice, tbh

[risa5] 25/7/2020 21:53

Actually his stance is much more positive than has been portrayed by some posters.

He does not say sell some at 5p, he says 'sell a few at 5p if you want'.

'And then hold tightly for the top of this run could easily breach 10p and maybe more'...

I think that is very positive.

[a.fewbob] 25/7/2020 20:41

WTF would anyone even contemplate selling here????

[plasybryn] 25/7/2020 20:38

And thanks Xow98 for the summary statement. I wonder how many will follow the advice and sell some of their holding at 5p? Might make the 5p hurdle a little slower to jump but the flow of exciting fundamentals could counteract any selling weakness very quickly.

[plasybryn] 25/7/2020 20:35

Yes thanks Rumpus. Much appreciated.

[cyberbub] 25/7/2020 19:50

Alwaysevolving, bummer :-o. Imagine if you'd just topsliced your 400k shares and left 200k to run free... Would have been worth £14M just 10 years later :-o. Hindsight is a wonderful thing...

[soulsauce] 25/7/2020 19:47

Thanks rumpus. More schizophrenic thinking by shareprophets. Take some off the table at 5p but could go to 10p 😄

[rumpus1] 25/7/2020 19:18

on another note I was in Reims for Biggles' prosecco / champagne quote, it felt prescient and sure enough we've broken the 4.25 barrier so I celebrated with a glass. Here's onto 10p and $2000 gold in short succession.

[rumpus1] 25/7/2020 19:16

Here you go (shareprophets) - Shares in Turkish gold-producer Ariana (AAU) closed 8.2% higher yesterday at 4.6p – the highest close for eight and a half years and breaking through a line of resistance at 4.25p which has been in place since mid-May. So is it a buy, sell or hold?

The portents are good: Ariana’s Head Honcho, Kerim Sener, told us on 29th June that our auditors PKF Littlejohn LLP are working on completing the final Group audit in July 2020 which means that barring accidents we should have those numbers next week. Judging by yesterday’s share price action, perhaps some people think that those numbers will be with us first thing on Monday morning and that the news will be very good.

As things stand – before the proposed corporate action to reduce Ariana’s Turkish exposure to 23.5% in return for $30 million in cash – plus an additional bonus from JV  partner Proccea as yet unspecified – Ariana’s Kiziltepe plant held in the existing JV with Proccea is chucking out around 20,000 oz gold a year at an average cash cost of about $550. That latter figure is expected to rise a little in the coming years, but with the gold price having breached the $1900 per oz mark yesterday and now within $20 of its all-time high, and the main bank loan to build the plant paid off, you can do the maths here: Ariana and Proccea will surely be coining it.

And there are new plants at Tavsan and Salinbas in the pipeline, both of which will be debt funded so there is no dilution ahoy..

Ariana’s FY numbers will be interesting, but so will further news on the proposed corporate action. In particular, we were being promised a special dividend on completion (slightly complicated by a capital restructure needed to allow dividend payments, which is likely to delay any shareholder reward into Q3 or Q4). But perhaps Ariana will shed further light on this in its FY results statement.

Also news on Ariana’s current cash position could provide a little upside: if Kiziltepe is throwing off loads of cash, surely some of it will be heading into Ariana’s coffers eventually.

With Ariana’s shares showing distinct signs of life, my 4.5p limit buy mark has been taken out. I hope any that wanted to. managed to get in.

Now my attention turns to the 5p mark, when I will be offloading some additional stock I picked up after proposed new JV partner Ozaltin committed to the proposed corporate action but Ariana’s shares declined. I had far too much Ariana stock already, but simply could not resist. At 5p it will be time to get rid of those extra shares: it is all very well having a good share, but one does have to consider position size relative to the rest of my portfolio too, and the position size is already screaming red at me.

Having said that, and readers might wish to take a bit off the table at around 5p too, in the current environment it seems to me that gold is almost a no-lose gamble. With government bonds offering return-free risk, gold seems to offer risk-free return right now! So I expect gold to head a good bit higher from here, even if there is a bit of a sell-off in the shorter term to balance out the recent gains (I would view any sell-off as a buying opportunity).

With Ariana set to get two further mines going in the coming years, a stack of cold, hard cash and an ongoing income stream from Kiziltepe, everything points to further share price progress and even discounting the cashflow massively from the three mines, the likelihood of the two new mines and a further 10% a year on what Ariana currently has proved up, I still could not reach a valuation below 5.6p per share. As gold goes up and the risk comes down, there is surely still tremendous upside to be had.

So the current stance is hold, to sell a few at 5p if you want and then hold tightly, for the top of this run could easily breach 10p and maybe more, if the gold price plays ball.

[risa5] 25/7/2020 19:05

Anyone wish to see some nice pics of golden rocks.

[xow98] 25/7/2020 19:05

Shareprophets (Nigel Somerville) conclusion

"So the current stance is hold, to sell a few at 5p if you want and then hold tightly, for the top of this run could easily breach 10p and maybe more, if the gold price plays ball."

[mabel 123] 25/7/2020 18:47

Depends which bulletin board you look at AFew. If you go to the PCX board, that is

the one to multibag. If you go to ALTN, that will do the same. AAZ is another.

I'm sure there is lots of money to be made with goldies - just a case of picking the

right ones lol.

mabel

[a.fewbob] 25/7/2020 18:39

All well and good

But can anyone tell me which stock is likely to multibag next!