Ariana Resources Share Discussion Threads

[charles clore] 19/1/2021 17:31

Persistent selling into strength has been the hallmark of this stock for pretty much as long as I can remember. If it was one of the more popular listings in sure it would be well north of 10p at this stage. Oh, what a decent bit of PR could have done!

[jaf1948] 19/1/2021 16:58

Biggles,

On the times that you have gone back to the company pointing out that their PR is not up to scratch (euphemism), has their reaction been 'Yes we know and we're doing something about it','Not our problem' or somewhere in the middle.

[kirbs4] 19/1/2021 16:50

On a serious note, who holds enough shares to have been dumping this volume of such a long period without crossing a threshold requiring rns?? You would've thought it would be clear as we are talking millions over recent months. If it was one person/party, they would've been holding over 3m?

[thanksamillion] 19/1/2021 16:00

You have to give him credit for trying...

"my stance remains, at 5.05p and at up to 5.5p, that this is a clear buy. And with the macro picture pointing to a higher gold price my target remains at 7.5p, with 10p coming into view once the gold bull returns."

[jaf1948] 19/1/2021 15:58

1candc,

If the big selling abruptly stops in the near future, I will agree with you. If not, then I prefer my hypothesis.

[1candc] 19/1/2021 15:29

Another upbeat piece from our number 1 fan - Nigel Somerville

A bit more good news from AIM-listed gold producer in Turkey Ariana Resources (AAU) this morning: the Turkish authorities have approved the proposed corporate action which brings Ozaltin into the current joint venture between Ariana and Proccea and will see Salinbas taken on as well.

Ariana already has shareholder approval for the deal, under which Ariana’s interest in the assets will reduced to 23.5% in return for $37.75 million, so it is all systems go. We are told that the three parties are now working on finalising the transaction and then activities under the new joint venture can get going.

Of course, this also means that Ariana will get its $37.75 million as well – which will lead to payment of that special dividend we have been waiting for of perhaps around 0.7p per share. That in itself is exciting!

But we are also told that drilling at Kiziltepe is well underway – and on the list for drilling is the now depleted Arzu South deposit which was of a higher grade than other pits. We were previously told that Ariana was looking for deposit extensions both at depth and along strike. Whilst success would add more ounces of gold to reserves, if higher grade deposits are found and are commercial that could add sharply to the economics of the Kiziltepe processing plant, where work on expanding the processing capacity is underway.

Turkish approval for the joint venture deal was, I had assumed, a foregone conclusion. But with government approvals you never can tell, so confirmation this morning that all is well is a great reassurance. The only slight fly in the ointment as far as Ariana is concerned is when Tavsan will get the go-ahead – but as it will be part of the joint venture, perhaps things will become clearer once the deal has finally completed.

With much to look forward to – including that special dividend – my stance remains, at 5.05p and at up to 5.5p, that this is a clear buy. And with the macro picture pointing to a higher gold price my target remains at 7.5p, with 10p coming into view once the gold bull returns.

[1candc] 19/1/2021 14:54

Anyone not believing there is a large seller out there only needs to see the dumping going on at an industrial rate as I type

[konil] 19/1/2021 14:54

but why sell now with divi confirmed after final govt clearance?

[1candc] 19/1/2021 14:46

Over 1m dumped, imagine where the share price would be without that selling. Once they/it are cleared then surely a share price boost

[thanksamillion] 19/1/2021 14:33

I see the share price as holding up well in the face of this continuous onslaught.

Once its over, and I expect that soon, the recovery could be quite strong.

[scorscribler] 19/1/2021 14:32

It's been a funny day, good volume though.

[shortarm] 19/1/2021 14:27

Yoyo time!

[scorscribler] 19/1/2021 14:23

I see the two 4.99 sells as buys looking at that run.

[1candc] 19/1/2021 14:10

Yes, someone is hard at it clearing out their position, it's been happening for some time, if that's right then you wonder how many they have left

[shortarm] 19/1/2021 14:08

Seems a bit coordinated that selling does....?

[1candc] 19/1/2021 14:05

Looks like a largish seller after all knocking the bid back, seems they're clearing out at any price, I've no ammo left to top up further

[shortarm] 19/1/2021 13:57

Special dividend is confirmed and ongoing dividends discussed by Kerim.Off AIM and on to a proper listing would be ace (reverse PALM?)

[excellance] 19/1/2021 13:28

Very disappointing tho.

Maybe when the cheque arrives and the BOD confirm how it will be dispersed?

Most holders expect a special dividend I hear...

[shortarm] 19/1/2021 13:24

Well, actually it's marginally up if you ignore the end of day obfuscation trade :-)

[excellance] 19/1/2021 13:22

Well, the long awaited JV confirmation is here, and the share price drops.

Well done.

[paul280i] 19/1/2021 12:29

Sorry deanroberthunt, I don't believe in gambling and would not encourage you, that's why I'm in this share!!!! BUT 4s and 7s have always been lucky for me.

[konil] 19/1/2021 12:08

i did not expect a big immediate impact on sp, more a slow burn as the implications of the jv sink into market consciousness. this will be helped when details and timing of the dividend are available, which will make people wanting to buy in for the divi look at aau and its plentifold other attractions will get noticed.

meantime a full note by pg covering all projects and their revised targets taking account of jv cash would be timely and aau should be strongly pushing for this now.

[8rad] 19/1/2021 11:46

Kerim have you not heard of the word forthwith...it certainly would have helped raise morale today.Sadly we are again left guessing.

[deanroberthunt] 19/1/2021 11:21

Still Waiting for those lottery numbers.. :)



deanroberthunt
19 Jan '21 - 07:07 - 2894 of 2951 Edit
0   2  0

@paul280i....could you please furnish me with the EUROMILLIONS numbers for tonight, thanks in advance.

Love & Peace