Ariana Resources Share Discussion Threads

[jaf1948] 27/10/2020 07:03

An RNS but not the RNS we are waiting for.

[c0lin1] 26/10/2020 15:24

Dont agree Nov. Friday I was looking to buy some more and there was plenty available, that is why I didnt pull the trigger. I was putting in orders for more than I wanted and could have got filled every time ( 500K ) even as lots of buys were coming in.

edit - you can buy 1m now

[nov31] 26/10/2020 14:28

Well somebody wants our shares - i think the dealers are loading up. last week there were times i couldn't even get a price on a dummy sell of 25,000 shares - today i'm being quoted 5.726p a share for 500,000 shares

[konil] 26/10/2020 14:05

bb, yes i hope so, hence holding tight. the fomo mentioned referred to reasons given by others for possible selling.

pharmzzz, thanks for supportive comments. i too am hoping for positive moves in next week or two.

[actonovator] 26/10/2020 13:24

The most popular day for AAU news is a Tues - so fingers crossed

[pharmoutcomeszzz] 26/10/2020 13:19

Konil- you sound slightly apologetic in your last post. Please don’t be. You are voicing very eloquently the very real nerves of many other shaReholders of AAU. Plus you do not have the safety net of previous gains in your pocket. I waver about every hour at the moment but apart from a slight sell 2 weeks ago will now hold firm. By the end of this week I truly believe the current general tone on this board will be flipped in favour of delight and praise for the board.

[xow98] 26/10/2020 13:06

The Arzu South open pit at its maximum depth. All operations at this pit have now come to a close after four years of successful mining

[bigglesbingham] 26/10/2020 13:00

Think you will be well rewarded from here

[konil] 26/10/2020 12:52

perhaps my post has been misinterpreted. it was not intended to cause undue concern or raise alarm bells.

with my average close to the share price and not having the comfort of a rising gp or sp, both of which have been tracking sideways recently, i would like to see the jv concluded, and i suspect there are others who feel similarly. i am holding tight because i see the opportunity here (that does not mean i am oblivius to risks nor immune to worry) but others may see it differently and reduce holdings.

many here have voiced frustration at the sp, especially in context of other miners' rising share price while aau tracks sideways and seems way behind the value curve. i was offering my personal viewpoint as a possible reason for any selling that is happening, other than just fomo elsewhere.

[plasybryn] 26/10/2020 11:55

From the last RNS on the Transaction. "Ariana intends to distribute a circular to Shareholders to convene a General Meeting seeking approval for the Transaction during October".
So just four more trading days to honour this statement. Not much more patience needed hopefully.

[kirbs4] 26/10/2020 11:54

Agree with the sentiment, think I said something similar last week. AAU is just one of thousands of symbols and is on AIM. If you listen to many experts at this game you'll sell as soon as the doubt enters your head around an Aim share. As a LT holder and someone who believes in the company I am less concerned, in fact I've seen it all before, how many times have we discussed whether 1st of the following month still meets the promised "by the end of..." here? They take everything to the wire, arguably over it. If you believe in the company it just gives regular opportunities to top up as the less convinced listen to the voice raising the alarm bells.

[soulsauce] 26/10/2020 10:38

Can't fault that comment dixi, I think many of us feel the same.

[konil] 26/10/2020 10:32

of course, that's what makes a market.

[dixi] 26/10/2020 10:27

It's just becoming tiresome, patience being seriously tested at the moment. It's an investment thing for me, loyalty does not really enter into the equation.

[1candc] 26/10/2020 09:49

I see the opposite, yes it's taking a time but there has been absolutely nothing to even suggest there is a problem of any sort, we have until the end of the month by all accounts to be made aware of the mechanics and details of the agreement.
Anyone who has watched the recent interviews with an upbeat and relaxed Kerim Sener would be hard pressed to say that all is not well in the Ariana world.
If people are selling to 'reduce risk' then that is their prerogative but I am certainly not in that mind set.

[konil] 26/10/2020 09:42

the rise in the gp will have allayed the jitters of many, mine included! but with that now in a holding pattern for some time and the aau share price having seen a strong rise so not as undervalued as before, reassurance from that aspect must be diminished.

imo that puts greater investor focus on the awaited jv and completion of the t crossing and i dotting so that the jv can move forward. given ozaltin are supposed to be well connected i'm guessing they have had sufficient time to move things along even allowing for covid delays. i cannot be the only one getting increasingly nervy about this. the matter has moved into a higher risk category in my mind, compared to previously when it seemed an understandable delay given the pandemic. still holding tight but can understand if some are selling to reduce risk.

hope to hear of the jv being put to shareholder vote very soon!

[1candc] 26/10/2020 09:35

These trades from last week just shown on L2, does this mean they are cancelled out?

10:39:01 5.75 3,908,868 224.76k O
10:39:01 5.75 -3,908,868 -224.76k O
09:17:42 5.90 5,000,000 295.00k O
09:17:42 5.90 -5,000,000 -295.00k

[ekuuleus] 25/10/2020 23:30

advfn seems to be wrong on the times as well.

[ekuuleus] 25/10/2020 23:11

london stock exchange shows at 9:17.

all in question are flagged LRGS - Large in Scale Deferral

[ekuuleus] 25/10/2020 23:07

advfn shows the transation time for the 5m as 8:17

[charles clore] 25/10/2020 18:56

Cyber - perhaps it is time to remember where Ariana's main asset is. Cyprus is merely a by-line

[cyberbub] 25/10/2020 17:11

Hmmm... interesting... just been doing a bit of mapping on Google Maps. The Magellan sites are well away from the border, but the Mariner sites are directly up against no-man's land. Still I suppose they're all still the good side of the line...

[cyberbub] 25/10/2020 16:31

I'm pleased that Venus's sites are located in the southern half of Cyprus, where at least the rule of law is recognised. Being based in the north (an unrecognised breakaway state, where they've just -apparently - elected a hardline nationalist aligned with Erdogan) would make the investment much more risky.

[cyberbub] 25/10/2020 16:31

Turkey today is a democracy like Russia is a democracy. They hold elections yes, but it's an authoritarian nationalist regime where any opposition is dealt with in, shall we say, not very democratic ways...

Investors are perfectly entitled to be concerned when the rule of law starts to be chipped away for one man's benefit, because ultimately the only protection someone in London has for their investment in a far-off land is the rule of law in that land. ie. contractual law, employment law, mining law, wider economic laws etc

Having said that, Turkey is clearly less risky than some jurisdictions in Africa or Asia, and at this point I don't see any evidence that Erdogan plans anything like taking an enforced holding in lucrative foreign-owned companies, or jacking up taxes, or outright nationalisation. But these things can't be ruled out completely, and it will depend on the course of the economic downturn. That's the risk we take as investors.

NAI