Ariana Resources Share Discussion Threads

[bigglesbingham] 28/10/2020 17:08

Crossfire today's fall which is actually quite low in relation to market is due to overall market sentiment primarily due to Covid results in European. Don't dispute KS deal looks nicely timed but more by luck than judgement.

[dixi] 28/10/2020 16:54

Agree with that, it's been a bit of a bloodbath as far as I can see today.

[lottsgold] 28/10/2020 16:32

we've actually held up very well looking at the rest of the market.

[charles clore] 28/10/2020 15:16

No sign of my 250k buy at 14:51 yet. It will probably get listed as a sell later today.
Looks like the value investors are getting in now.

[linz22] 28/10/2020 15:15

At what kind of discount?
Last time I checked it was still 5.5p to buy.

[nov31] 28/10/2020 15:07

200k top up from me.

[linz22] 28/10/2020 14:57

Or.., an unwittingly engineered buying opportunity, surely..?

[charles clore] 28/10/2020 14:55

Well that's another 250k for me and another 250k if she goes anywhere near 5p.

[crossfirecssf] 28/10/2020 14:40

Yes, utterly superb timing by the Senners. Kind of speechless. The BOD know that this JV is already one of the longest running in living memory, and that investors are getting the jitters, so they dump a gazillion shares!

I... well, I don’t know what to say really... could they send a more ominous signal to the market? I think not. Overconfidence, or an impending announcement that Oz have suddenly got cold feet. Less well informed investors could clearly be forgiven for concluding the latter.

[soulsauce] 28/10/2020 14:38

£10m wiped off the mkt cap from highs on what? We are still making over $1000 per oz of gold and $7 per oz of silver.

[corrientes] 28/10/2020 14:34

Whatever,JAF1948, it isn't good, but I much prefer your version of the current situation.

[gaddy88] 28/10/2020 14:33

Recent drops are purely market sentiment. Market again is taking a whack today.

[shortarm] 28/10/2020 14:28

Yes, thank goodness :-)

[jaf1948] 28/10/2020 14:28

corrientes,

I'm sorry but I don't accept any of that. I believe Kerim has made an error of judgement in his timing, nothing more sinister than that.

[charles clore] 28/10/2020 14:27

This is bad. Really tempted to top up again now.

[bigglesbingham] 28/10/2020 14:27

My guess would be government based on my knowledge of governments but let's hope clarity is given soon

[corrientes] 28/10/2020 14:26

As I thought and said, whatever connotation you put on the forthcoming RNS, the very last thing on the board's mind will be external shareholders. Thank goodness I've only got a token amount invested here. Far too complicated setup, and usually that's a bad sign, often done on purpose.

[jaf1948] 28/10/2020 14:22

Or to put it even more bluntly than Kirbs, the confirmation of a 1p dividend tomorrow would only take us back to where we were last week.

[soulsauce] 28/10/2020 14:17

Well in this market it better be good.

[kirbs4] 28/10/2020 14:09

I am fully expecting an rns tomorrow though, it has to be this week to meet the October timeline, and they don't do Friday rns.

[kirbs4] 28/10/2020 13:59

Yes, but the share price dip of 15% means the 40% rise on news is only 20% above where we were a week ago... The longer this is drawn out, the longer the share price stagnates or continues to drop, the lower the net gain will be for LT shareholders when the news comes. The share price will be more volatile also as we'll now have people banking 20% gains from 5.4 meaning we struggle to get above 6.5 for instance. If the announcement came last week even, we looked locked and loaded ready to launch.

[soulsauce] 28/10/2020 13:58

Yes unfortunately the director dealing couldn't have been more poorly timed.
Bit of a bummer really but highlights just how frustrating this investing game can be.

[shortarm] 28/10/2020 13:56

Looks like it's a good job the five million was sold off market lol

[cyberbub] 28/10/2020 13:51

Personally I think the drop below the recent lows are more to do with the POG looking like taking another leg down. Some may be anticipating a drop to 1800, sigh.

[lottsgold] 28/10/2020 13:47

Do we know where the delay actually lies, if it's government then it doesn't reflect on the JV?