Ariana Resources Share Discussion Threads

[lhoskins] 11/8/2020 15:41

I'd like to say thank you to them. Just took another £5k worth.

[1candc] 11/8/2020 15:34

Good to see the back of weak holders surrendering their shares on the cheap to LTH's

[1candc] 11/8/2020 15:25

Ha Ha Soul, liked that, as good as Trump injecting Domestos

[alwaysevolving] 11/8/2020 15:11

Russia have just announced they have a working vaccine for Covid. Probably got a lot to do with the drop in the price of safe haven assets like PMs today?

[cyberbub] 11/8/2020 15:02

Absolutely - we should be in no massive hurry to sell while gold is at these prices and we're coining it in!!

[charles clore] 11/8/2020 14:55

carcosa - whilst I accept that the JV deal may not be finally implemented until later this year, it should also be remembered that AAU is in itself a very profitable entity and easily worth the current share price imho.

[1candc] 11/8/2020 14:26

It will bounce back

[actonovator] 11/8/2020 14:22

what happened to gold support at 1980?

[lottsgold] 11/8/2020 14:16

Didn't he just top slice at 5p??

[renniks2016] 11/8/2020 14:05

PM's down across the board, some more than others, we are in the herd. But will soon be leading from the front when the gates open. IMO

[shortarm] 11/8/2020 13:52

I'd like him to top up at 10p lol :-)

[charles clore] 11/8/2020 13:51

So Nigel is thinking of topping up if the price drops below 5p. I'm not sure he will be that lucky to be honest.

[carcosa] 11/8/2020 13:42

The August date which has been mentioned in an RNS was for definitive agreements to be completed. That's a long way from signing the deal.

Ariana subsidiary corporate changes have to be completed, partners will presumably have to have internal final sign-off's and perhaps at Government level too. Then there is the Ariana shareholder vote to be obtained which in itself will take around six weeks. All assuming that no further limitations resulting from the impact of COVID-19 are seen.

In one of the video's last month did not KS indicate he was looking around December time frame for completion?

Notwithstanding the above, by the time the shareholder vote is called for the details of the Agreement will be in the public domain although we already know that it is going to be the same as the prior announced MoU.

[jaf1948] 11/8/2020 13:29

Biggles,

It does look like a tree shake but why do it now - there is still nearly 3 weeks of August left so we might not get an update on the JV for many days.

[xow98] 11/8/2020 13:29

Somerville at Shareprophets

Meanwhile we await developments from Ariana Resources (AAU) with regard to the proposed corporate action, which should give the shares a good lift when it comes. And full Q2 numbers from Kiziltepe will be with us shortly too. Again, that should give the shares a little bit of a lift and with the Turkish Lira struggling, meaning cash costs of production should be down and gold and silver substantially higher, Kiziltepe should be throwing off cash at a great rate of knots. So whilst the delay to learning of Ariana’s plans in the wake of the proposed deal with Ozaltin is frustrating, in the meantime the cash should be rolling in. Ariana’s shares, having peaked at 5.85p, are now down to 5.1p – a drop of 13%. So despite being already heavily overloaded with these, I am already feeling tempted and any drop below 5p will almost certainly break my resistance.

[crossfirecssf] 11/8/2020 13:20

Nothing's ever that simple JC, but if you just look at all of the 'mania' charts over the past 100-200 years, you'd be amazed at how they match. Initial 'bulge', pull back followed by exponential growth, followed by initial crash, followed by another upward correction, (probably the best place to sell, as it happens almost without fail), then capitulation and a long slow bearish descent. It appears pretty reliable in a world where very little is...

[jc2706] 11/8/2020 13:15

I do like that anatomy of a bubble chart. The only thing I would quibble about is the distinction between ‘institutional’ and ‘public’ investors. I have seen enough institutional investors (and companies) buy at the top and private investors buy at the bottom to realise it is not that simplistic.

[cool hand kev] 11/8/2020 11:50

That's it BIG it up LoL

[bigglesbingham] 11/8/2020 11:22

250k ha ha

[crossfirecssf] 11/8/2020 11:21

I've looked back at Dot.com, the great depression, the Nasdaq bubble, Tulip bulbs, you name it. They all follow the following trajectory...

hxxps://www.variantperception.com/2017/09/22/the-anatomy-of-a-bubble/

By my reckoning, the first $1900 was the first 'Bear trap - sell off', and we've now just entered the mania phase. There may be another 'bear trap' depending on US policy madness, but there is no stopping this. Projections of $5-$10k and gold and beyond aren't 'pie in the sky', they're simply realistic prognostications based on the fact...."That it's all just a little bit of History repeating." :o)

[bigglesbingham] 11/8/2020 11:14

Not so sure don't this gold price is the main driver here.

[charles clore] 11/8/2020 11:10

Ironstorm - yes there is plenty of news in the pipeline to keep the momentum going. Later this month the big one should drop and I think that will send the price over 7p because it will add £30m+ to the coffers with no dilution (current market cap only £52m) and trigger the path to a special divi. Lots to look forward to here imho.

Biggles - they dropped the price again (momentarily) 10 mins ago and I had my second topup of the day

[dixi] 11/8/2020 11:07

Drop in POG is bound to make investors twitchy - I am sure that is the main driver at the moment.