Ariana Resources Share Discussion Threads

[paul280i] 27/7/2020 12:51

I've been investing in shares for the last 20 years so seen a few crashes. I was told that if I was going to panic then panic early. I was never early enough to panic and just sat tight and within a few months was back to or above my previous valuation.

[bigglesbingham] 27/7/2020 12:48

A potential crash will have little affect on fundamentals of the company. Exactly as happened four months ago. Sentiment may drive price down but will be even stronger the other side. Here the thing is a crash may improve price of gold silver after an initial dip and the fundamentals will be strengthened further. Therefore I'd suggest it's a dangerous game waiting for point of entry resulting from a correction which cannot be predicted. What is known are the operations of AAU and to me you invest based on what you know first then ask yourself if you ride out any falls will you be in a better position in the long run. I have a Golden rule and that's never try and time the markets. A solution may be to phase the investment over predetermined time for fixed amounts.

[shortarm] 27/7/2020 12:16

AAU dropped to less than 2P with COVID-19.....Didn't take long to come back did it? Same applies to any future crash- initial sell off and then everyone will pile in like crazy!!

[r1singson] 27/7/2020 11:59

Crossfire Agreed good post. One nagging question after doing lot of research over the weekend though. Think we are all in this sector (through whichever company) because we can guess what's coming or already started happening to the world economy. So when the next crash comes - think we all agree that's inevitable - how do holders plan to play it out. Miners will tank as well seems to be the accepted opinion - it may not happen but generally predicted. That's when your advice will be tested I think because present profits may evaporate and turn to losses and one is left wondering if they shouldn't have sold out before the predicted crash and then bought back in potentially doubling their holdings. Ultimately it's a question of greed I suppose but I think definitely a topic worth discussing and thinking about. Would be interested in others opinions, some of these boards have some very big players with a lot of experience...

[thanksamillion] 27/7/2020 11:34

Ahhh, the old hindsight tales.

[crossfirecssf] 27/7/2020 11:30

Yeah, impossible to day trade this and has been for some considerable time.

I did it twice, and managed to scrounge 36,000 extra shares at the end of the day, but it's tough on the nerves and the pickings are slim.

Obviously, I should have sold the lot at the start of the Covid panic, and bought them all back at 2p,... but what you gonna do??

[crossfirecssf] 27/7/2020 11:22

lol...and Soulsauce, cheers.

[crossfirecssf] 27/7/2020 11:19

Thanks 1candc, appreciated.

[renniks2016] 27/7/2020 10:52

Wait till 14.30 and watch it go again.

[charles clore] 27/7/2020 10:44

The waves are incredibly difficult to interpret for a stock like this. I would like to see the assuumptions laid out on a chart.

[cyberbub] 27/7/2020 10:38

All depends on the POG of course, if it really breaks $2000 in the coming days and manages to stay above, and assuming production continues well, then 8-10p must surely be achieved within weeks irrespective of Elliot waves? Just my view.

[backmarker] 27/7/2020 10:31

on cue, out come the 5p top-slicers.

fortunately not enough so far to stop us from having become a £50m+ company (- how significant will that become ?)

normally I might be looking for a trade or two, as I think we may hold at this level for a while. however the spread is too wide, and there is the risk that imminent results and other news might be really good and push the share price up a bit more. so not worth the risk.

on the other hand, we are at or near the top of a 5-wave upwave, so there is a risk of a 3-wave correction.

but as I've now joined the "10p by Xmas" brigade I'm just going to sit on my thumbs and admire the uptrend..... and consider whether to buy a couple more cases of 2019 en primeur bordeaux.

[1candc] 27/7/2020 10:26

Nice post CSSF, it needs to be read by those members of the top slice club who see Gold going up $39 as a sure trigger to sell - doh. Oh well they can buy back in later at a higher price once they have their orders from Nigel

[soulsauce] 27/7/2020 10:16

No ribbing from me today CSSF ;-)

[soulsauce] 27/7/2020 09:56

Happy days.

[bigglesbingham] 27/7/2020 09:46

Silver is too at $24.14

[nov31] 27/7/2020 09:43

Gold is still storing at $1,943!

[lottsgold] 27/7/2020 09:27

Over the 50m mark now. Would be nice to get some institutional interest now could get things moving at pace.

[1candc] 27/7/2020 08:35

Not forgetting dividend to be announced, silver credit, Cyprus etc

[pauliewonder] 27/7/2020 08:31

Why oh why top-slice at 5p. If you've held so far, why would share price suggest taking pennies when pounds are around the corner. Quick figures show the following:

Gold Price: $1900
Cost: $615 all in including exploration costs (as per recent share price interview)

1900 - 615 = 1285
1285 x 20000 ounces pa = 25,700,000
/2 for joint venture (pre Ozaltin) = 12.85m pa

Thats $12.85m (or £10.75m) of free cashflow/profit per annum........per annum!!!!!!!

And also, for every $100 that gold rises, the bottom line grows by 1m per year for AAU based on all same.

AAU Mkt Cap = £52m. So thats not even 5 times profit at the moment and takes into account no other assets.

This....is....a....very....undervalued....company!!!

[bigglesbingham] 27/7/2020 08:30

Panmure Gordon on Bloomberg just now explaining why their gold predict is lower than current spot price "because if it wasn't so conservative they would be recommending buy all gold miners " but of a bizarre comment imho. Should give a realise rating for gold then put emphasis on quality of buys - not artificially reduce expectation for gold price. Mind you he was their chief economist so full of ........

[8rad] 27/7/2020 08:25

May have to top-slice at7p today!

[bigglesbingham] 27/7/2020 08:23

I reckon they will see the light and realise the top slicing strategy doesn't work if you back a winner.