Ariana Resources Share Discussion Threads

[shortarm] 27/8/2020 08:51

AAU was 70% of my portfolio for a while - then KEFI tripled :-)

[paul280i] 27/8/2020 08:51

If you add back the silver credit to the cash cost of production I make the cost $891 per oz. Any thoughts on this.
I can't see why the company includes this silver credit twice or have I missed something?

[bigglesbingham] 27/8/2020 08:46

Not aimed at you at all! It was aimed at the three recent sells pal

[ironstorm] 27/8/2020 08:43

BB if that was aimed at me I have never sold. But at Well over 50% of My portfolio it’s a difficult place to be mentally.

Am starting here for the long term.

[bigglesbingham] 27/8/2020 08:40

You sound like Somerville! All down to fundamentals if they are throwing off cash with production /exploration projects in pipeline which are effectively self funding then enjoy the ride. Cannot really understand sells at this point in time?

[1candc] 27/8/2020 08:38

Great results, incredibly low cost of production

[ironstorm] 27/8/2020 08:36

Another RNS tomorrow?

These results certainly help me sleep easy here. My portfolio is looking more and more over weight in aau. But it’s getting easier to hold.

[bigglesbingham] 27/8/2020 08:27

Tarsvan or deep mine results at kiziltepe would help

[lhoskins] 27/8/2020 08:23

Agree. Reading the RNS this morning made me wish I had added more on Monday.

[pauliewonder] 27/8/2020 08:18

Healthy start this morning. Would love to see us get beyond 6p before any JV announcement.

[bigglesbingham] 27/8/2020 08:04

I get it , no sweat.

[kirbs4] 27/8/2020 08:03

Yes I know that, but it wasn't 5.3-5.5

[pauliewonder] 27/8/2020 08:03

Medium producers would be looking at somewhere in the region of 6-8 x free cash flow. Top tier producers it can be higher such as 10 plus x free cash flow. As a smaller producer I would imagine somewhere lower. On a pe basis, the bigger cos such as Barrick are on plus 10. Any historic pe price should consider that the au and ag price is rising so forward pe more useful for me. Also take into account cash.....which we don't know ATM

[bigglesbingham] 27/8/2020 08:02

Beginning of leg up to 7p here with news due in next few weeks and associated press

[bigglesbingham] 27/8/2020 08:01

It was artificially downs .1 last night as the mms had gone to pub and forgot to set mid

[kirbs4] 27/8/2020 07:57

I know pre-trading shifts don't mean much but I note the bid and ask have shifted to 5.3-5.5

[lottsgold] 27/8/2020 07:57

In fairness a little over 4 on average as we had the extra silver credits this quarter and the payment to the goverment in Q4. A quick look around and the p/e ratio would indicate we can double easily just need this bloody JV news done and dusted to get us moving again!

[bigglesbingham] 27/8/2020 07:52

I'm leaning towards 4-5 too. Industry standard I'm not sure.

[lottsgold] 27/8/2020 07:50

I make it less than 4? Any idea on industry average(on Aim) anyone?

[bigglesbingham] 27/8/2020 07:44

Where do you get net profit £5 m from again?

[matthew stone] 27/8/2020 07:42

I think you mean c$30m profit pa = c$15m to Ariana, so a pe of less than 4?

[soulsauce] 27/8/2020 07:41

Very happy with that.

[amt] 27/8/2020 07:32

What is the prospective pe, about 10? I make.
Net profit of say 10m share half so 5m.
Market Cap 50m

40m usd sales at 75% margin?

[a.fewbob] 27/8/2020 07:27

Well those numpties that “top sliced” at 4p are gonna feel sick!!

Lol...

[bigglesbingham] 27/8/2020 07:25

Just messing. In a good mood with those figures. Not sure whether the market is attuned to this type of update but again underpins the fundamentals and the ever increasing value of the business even though imho it's nowhere near fully attributable in the shareprice.