Ariana Resources Share Discussion Threads

[bigglesbingham] 17/11/2020 13:02

I can't see that, the deal will create uplift but then there will be incentive of dividend then the drill results at salinbas with force of JV behind it. Plus Cyprus tarsvan. No doubt some will look short term but that's natural in any growth stock.

[thanksamillion] 17/11/2020 12:43

IMHO

AAU is worth all of 10p without any deal, may take time for the market to realise this but eventually it would if the offer had not arrived at our door.

Reading recent posts anyone might think you are all ready to cut and run on confirmation of the deal.

[paul280i] 17/11/2020 11:54

Not been anything on Twitter for some time. I remember the good old days when Zac would keep us up to date with the latest drilling programmes, perhaps there haven't been any.

[kirbs4] 17/11/2020 11:52

I don't think there is much merit in bickering on here about who is at fault for the delay. We all have our opinion but none of us really know the answer, for every "it is the government" explanation there is a "but they took so long to submit it". Bottom line is it is almost a year late and every LTH will carry an element of frustration, as I do.I'd suggest if you are concerned you sell, if you aren't, buy those shares :)

[charles clore] 17/11/2020 11:46

So you think that the delay in transfer of Salinbas licence is attributable to AAU?

[lottsgold] 17/11/2020 11:44

I've been trying to refrain for coming on here to spout my frustrations (which isn't easy!) it's certainly dragging. Hopefully a tailwind from gold price increases towards end of year and into next will get this moving in the meantime.I'm thinking this is Government delays and nothing to do with the partners. I may be wrong. Think how nimble we will be with cash in the bank and the projects outside of Turkey to work on:)

[haut brion 58] 17/11/2020 11:29

COVID aside, it looks as if the once nimble AAU is now feeling the effects of being in the clutches of a lumbering conglomerate. As much as I am in favour of the tie-up, in particular for potentially fast-tracking Salinbas, it concerns me that this is the state of things to come. Yawn.
HB

[konil] 17/11/2020 10:00

needs some substantive operational newsflow to give the share price a push but given that the director dealings happened around late october i guess we wont have any until late nov or early dec?

[jaf1948] 17/11/2020 07:38

Didn't he sing 'Gimme little sign' in 1967 (or was that Brenton Wood) ?

[charles clore] 16/11/2020 22:37

Unless they bring back bretton woods

[cool hand kev] 16/11/2020 21:39

Don’t some countries borrow money from the IMF and if so some countries would have to lend money to the IMF for them to lend it out 🤔 or is this to logical

[soulsauce] 16/11/2020 16:54

You are not alone Plasybryn. Hard to fathom indeed.

[plasybryn] 16/11/2020 16:38

The Treasury borrow it from the Bank of England who print it out of thin air and who charge no interest. This is how we suddenly discovered the magic money tree. Before, as you say we were governed by what we could borrow internationally and had to pay interest at a rate to make the lender provide the finance. Printing fake money and lending it to yourself with no interest and no repayment timetable is a recipe for economic Armageddon imo.

[1candc] 16/11/2020 16:35

If you keep on printing money it eventually becomes worthless, just look at what happened in Weimar Germany after the first world war, you needed a wheelbarrow to carry the paper money to buy a loaf of bread. They had bank notes for a Billion Reich marks.
In the 70's inflation was rampant in Britain > 25%, the BofE interest rates were set at 17% to fight inflation, consider how things would look today if interest rates were that high again (highly unlikely now I believe).
With inflation Gold will always give you a hedge against inflation and a lot more if you are invested in Gold mine shares.

[cyberbub] 16/11/2020 15:30

That's all ignoring the cost of the vaccines themselves! There are over 1bn people in developed 'Western' countries and they'll all want one. How much will it cost per vaccine and for the storage/transport/administering? I bet it won't be much less than $500 a head. That's half a trillion more... Although I suppose that's small beer on the scale of the recent money printing!

[pedr01] 16/11/2020 15:21

I thought the whole point of a fiat currency was you could just print it ...

[cool hand kev] 16/11/2020 14:42

So where is all this money borrowed from? Even the Saudis are struggling because they base their economy on Oil being $50 a barrel

[1candc] 16/11/2020 14:15

Too true CC, the level of central bank debt around the world is mind boggling, the temptation to inflate it away must be very strong, the thing is that once the inflation genie is out of the bottle then it can become uncontrollable, remember the days of 25% inflation? Gold is the ultimate hedge against inflation, Gold miners will reap the rewards as the world lurches towards an inflationary future.

[dixi] 16/11/2020 14:13

No doubt the vaccines are going to make some people exceedingly wealthy, or should I say wealthier. Never a missed opportunity and all of that etc.....

[charles clore] 16/11/2020 13:47

1c - it's almost as if people are naive enough to think that there will be no consequences to the borrowing and the vaccine will save us from economic disaster. Which it won't of course.

[charles clore] 16/11/2020 12:45

They are always looking for an excuse to trash precious metals. Despite the fact that whatever happens on the covid vaccine front, economies are in a death spiral it matters not a jot to the criminals on ComEx who desperately want to make people think precious metals are simply not worth having. It makes little difference to producers like AAU who are doing very nicely thank you, especially in Turkey where the Lira has halved in value in the past few years making mining in that country much cheaper and profits correspondingly higher (not that you'd know it by the share price).

[soulsauce] 16/11/2020 12:09

Cheers someuwin, suddenly everything is alright with the world again lol.

[1candc] 16/11/2020 12:06

Is this going to happen every time there's news on a vaccine? There are loads in the pipeline, could be monotonous every time we see a reaction like today, in the meantime at production costs circa $650/700 we are still very profitable (just to remind those who seem to forget that simple fact)