Ariana Resources Share Discussion Threads

[plasybryn] 28/2/2020 23:03

Well March next week. Going to be a very important month in the history of Ariana one way or another. The environment has certainly changed somewhat this week, but as with most things in life they are usually over stated and normality is quickly restored. I suspect March is going to be the most impactful month ever in the life of our Co. and I for one can't wait to see how it all plays out. I'm sure most of us have great respect and confidence in Kerim to do the right thing. Have a good weekend.

[thanksamillion] 28/2/2020 20:19

From the RNS| " a non-binding Memorandum of Understanding ("MoU") with a major Turkish construction and engineering company" I took the RNS to suggest that this company already has a business relationship with Proccea.

[charles clore] 28/2/2020 17:51

I can't provide any supporting evidence but get the impression they are an engineering company rather than a miner

[erro] 28/2/2020 17:36

Let’s not also forget that interest rates will fall and there’ll be money printing by central banks which is Ll good for golf I do think there’s a risk the deal may be pulled by the JV partner especially if they are impacted by commodity prices in other areas of business. This may be no bad thing for Ariana as would give them a chance to consolidate, although I would prefer the deal to proceed. Does anyone know whether the proposed partner is a pure

[erro] 28/2/2020 17:30

Let’s not also forget that interest rates will fall and there’ll be money printing by central banks which is Ll good for golf I do think there’s a risk the deal may be pulled by the JV partner especially if they are impacted by commodity prices in other areas of business. This may be no bad thing for Ariana as would give them a chance to consolidate, although I would prefer the deal to proceed. Does anyone know whether the proposed partner is a pure precious metals player?

[thanksamillion] 28/2/2020 17:16

The rest of the market has been so bad that investors have been forced to sell their gold assets to meet the margin calls, could go on for a few days yet but at some point gold will be on the up again. Further the pound 1% drop against the Dollar lessened the pain today. Bloomberg

[soulsauce] 28/2/2020 16:53

Dayum that is one hell of a hair cut for gold and silver. What a crazy week. Time for some Northern Soul and some lager. Good weekend all, if you can.

[thanksamillion] 28/2/2020 16:52

I agree CC, well educated and keen to better themselves, just the type of folk to create wealth. The UK could do with some, but I suspect ignorant prejudices will not allow.

[charles clore] 28/2/2020 16:33

Mostly good people those Syrians. Country destroyed but still looking to make a decent life for themselves. We will need people like them after the pandemic.

[kaos3] 28/2/2020 15:09

Erdogan just left millions of migrants into EU. I hope that EU/Turkey problems will have no implications here. As I put lots of my cash here :(

[kirbs4] 28/2/2020 15:06

I agree, think that is a huge risk, particularly now it is over here between NI/England.

[uknighted] 28/2/2020 14:34

No, just a gut feeling 🤮

[soulsauce] 28/2/2020 14:30

Have you got any odds on that uknighted 😂

[uknighted] 28/2/2020 14:28

Cheltenham, probably fall victim to the Coronavirus!

[kirbs4] 28/2/2020 13:17

Hopefully still at these levels once i have £10,000 to invest after Cheltenham :)

[bigglesbingham] 28/2/2020 11:08

I do find the lemming mentally quite bizarre but does provide opportunity

[8rad] 28/2/2020 10:44

Same here Biggles.....never thought this chance would come again....and even more divis.

[theduke420] 28/2/2020 10:19

I wish i had more cash to take advantage of this low share price silly cheap atm

[soulsauce] 28/2/2020 10:12

Thanksamillion still here. No escaping gold is still $150 higher than at the start of the process. But I get that Covid 19 has may be put the kybosh on seeking out more value.

[bigglesbingham] 28/2/2020 10:09

Nothing wrong if your snapping it up!! I've been adding everyday , cannot escape fundamentals. I'd understand if it was travel company but gold producer .... anyway I'm putting money where my mouth is

[8rad] 28/2/2020 09:59

Market cap £27 mill and falling yet profits at current gold and silver prices of nearly $500,000. PER WEEK. Something is wrong somewhere!

[plasybryn] 28/2/2020 09:51

In terms of risk analysis look at the possible deal injection of cash compared to our revised Market Cap. and consider the value of gold/silver in the ground.

[plasybryn] 28/2/2020 09:48

Gold held back I believe as those urgently needing cash (margin calls etc) sell gold. This puts a cap on it, but gold surely still remains the best store of value in such uncertain times.Demand could easily increase as panic increases countering the sales with the result gold re-rates towards all time highs in $ terms. The gold bull run if it continues and based on the last one should apparently see it rise to c. $5000 per oz. Quality producers should in time benefit.

[bigglesbingham] 28/2/2020 09:47

The fundementals are the same if not better than they were a week ago. To put things in perspective the sells on last three days have been around £50000 from a lot of small punters it's certainly not time to bail imho.

[charles clore] 28/2/2020 09:46

Dave - surely it is about a flight to safety. Now we are about to see where that place is. Will it be precious metals or the US dollar? I know what my money is on.