Ariana Resources Share Discussion Threads

[charles clore] 02/3/2021 20:16

I believe we are looking at a cup and handle going back some 9 years. When the handle breaks upwards it should result in a rise to over 10p imho

[actonovator] 02/3/2021 19:24

yes of course Biggles - and in a sense these tax-sellers are 'forced' sellers - which creates opportunities for others

[bigglesbingham] 02/3/2021 18:58

Or if you hold in a tax efficient wrapper ie pension or ISA ??

[actonovator] 02/3/2021 18:20

I fully agree with Donald Pond yesterday - the large dividend has caused a tax headache for a lot of holders - only really benefits the niche holder who has high capital gains and no income

[bigglesbingham] 02/3/2021 18:09

Fundamentally there is a background seller

[crossfirecssf] 02/3/2021 15:33

Hi Konil, if indeed this is a genuine cup and handle formation, then the upward correction should come somewhere around half the depth of the cup. And there lies the rub,... we’re sinking pretty fast, which may nullify the pattern.

Generally though the longer the pattern, the more solid and likely the rebound. In our case the rebound would occur once between a quarter and a fifth of the length of the cup had been completed, in which case your 18 months sounds about right.

However, I expect some sort of major crash before then and it’s the markets sentiment towards PM’s which will ultimately dictate - in my opinion of course - how quickly and how high the rebound, or we may just shadow the crash downwards. We’re all pretty sure that it’s just a matter of how long countries can continue to re-inflate their bubbles which will dictate the timing, and against all the odds they’ve managed 13 years so far.

COVID has accelerated the money printing which is obviously unsustainable, not to mention that far from being the solution, it simply guarantees a greater crash when it comes.

Theirs no guarantee that the pattern is genuinely relevant, but if it is, and the PMs end their downward correction, then we could be 10p+ this year. In a world which appears to have completely lost the plot (politically,...but what’s new) it’s well within the realms of possibility. Expect the unexpected.

[charles clore] 02/3/2021 14:35

Biggles - it's a good job you have deep pockets is all I can say!

[konil] 02/3/2021 13:57

meanwhile the person(s) who don't want to continue to own the shares seems to be continuing to feed the market.

[konil] 02/3/2021 13:55

but that's ta. if ops on the planned mines progress well then fu........ls could get us there much sooner. and then there is the blue sky stuff in cyprus and any new stuff ks comes up with using the cash.

[konil] 02/3/2021 13:50

cssf, what timeframe do you have on that 11p.

if i am seeing the chart correctly and if there is supposed to be some symmetry with the cup formation then its about 18 months!

but then in another 6 months after that it could get to 17p?

so 2 years for about 4 bags. a bit imponderable i'd say over that period. and if pm bull resumes it would come sooner of course but the bull seems very tired of late.

what's your assessment?

[bigglesbingham] 02/3/2021 12:41

Feel the same way about videos JAF

[bigglesbingham] 02/3/2021 12:14

Added again

[crossfirecssf] 02/3/2021 12:07

Has anyone noticed the giant ten year cup and handle forming, which if indeed does constitute a true cup and handle, indicates a price of somewhere around 11p. Someone’s got to bring some optimism!

[shortarm] 02/3/2021 11:57

Here comes our resident buyer :-)He has mental funds (which is not the same as fundementals).....All good JAF?

[jaf1948] 02/3/2021 11:23

The company has chosen its strategic path and I have no problem with that route. It has also shown no inclination to support the share price and investors by providing help in the form of PR or positive RNSs.

9 out of the last 26 RNSs have been about director shareholdings - some may say that is good news, others may say it shows where their current priorities lie.

[konil] 02/3/2021 11:21

phew jaf, thanks for the warning, just dodged the bullet with my previous. ;-)

[dixi] 02/3/2021 11:01

HaHa, but it's not great at all really. Investors could be picking up cheap shares yet again, to see them become even cheaper. Real shame.

[jaf1948] 02/3/2021 10:54

If anyone mentions 'Fundamentals' or 'Background seller' today, I will not be responsible for my actions.

[konil] 02/3/2021 10:41

the last little tick down as small as it is, does however break the nice horizontal line, i hope it closes today back at starting point or better still a tick up, otherwise it looks like the start of next leg down.

clearly, this is not a ta assessment, just me looking despairingly at the chart.

[kirbs4] 02/3/2021 09:05

JAF there are a lot of people who won't want to see negative comments and will therefore pick holes in any of them. Your point was obvious, people can point at the 'what' all they like here, if the 'how' remains a problem the share price will stay where it is.Doesn't matter how good the product is if people don't trust the seller, or indeed if people in the shop next door are much better at selling their worse products.

[d1g3y] 02/3/2021 09:04

True but sentiment can change very quickly.

[2vdm] 02/3/2021 07:58

Charles C's post 4271 is what's relevant imo. Eventually AAU will come good. It's frustrating for some I know, but there is value here and we have yet to see a widely predicted correction in equities, which will see gold prices increase and a re-focus on miners. May be months, but may be worth adding on the dips.

[pharmoutcomeszzz] 01/3/2021 21:19

Unfortunately not JAF. Somewhere along the line is an x-factor and this company just doesn’t seem to have it ATM.

[jaf1948] 01/3/2021 19:22

I was not trying to write the definitive history of video tapes in the 1980s and I accept all the corrections that people have made. My objective was just to show that having the best product / company / gold mine etc etc does not in itself guarantee success.

I wish I hadn't bothered !