Ariana Resources Share Discussion Threads

[bigglesbingham] 03/3/2021 22:08

My adding is because I think the fundementals and assets are worth more than the shareprice is suggesting . Doesn't really matter who it selling as that doesn't affect my rationale

[jaf1948] 03/3/2021 20:23

pharm,

I don't believe in the single seller myth - that is not having a downer on the company. I think KS is a great asset to the company, but maybe not as CEO - that is not having a downer on the company. On many occasions, I have pointed out how good and profitable the company is but some people only want to pick on the negative points I make.

Overall, I feel this is a good company to invest in despite the mistakes it has made in the past few months, hence I am still invested.

However, I have posted far too much lately so this is a good point to take a break.

[pharmoutcomeszzz] 03/3/2021 20:14

JAF; you have such an unrelenting downer on this company, why do you hold shares in them? And before I get a deluge of ‘save our Jaf’, you have every right to give your open, honest thoughts on this forum and many of them are very well thought through. It is just a genuine question?

[jaf1948] 03/3/2021 19:47

biggles,

It's a pointless discussion really. It cannot be proved either way from the information we have available to us and once the big selling stops we cannot even be sure then that it was a single seller or many traders.

The only advantage of believing in the single seller hypothesis is as you spelt it out - the share price doesn’t reflect the value of the company due to the orchestrated selling. I hope you are right but personally I wouldn't invest more on the back of that theory.

[bigglesbingham] 03/3/2021 18:44

Minimum effect as I think he sold them off book but can't swear to it

[lottsgold] 03/3/2021 18:27

I think there is or was a large seller, that plus Kerim selling caused a cascade which will take time to it turnaround. Coupled with miners in general struggling and PM prices falling were waiting for the market to turn in our favour again unfortunately that could be quite a few months. Gold will have its day and in turn AAU will follow. Never ending patience is required.

[bigglesbingham] 03/3/2021 18:24

Simple if it's the beneficiaries of an estate for example or a seller who has four bagged and has reasons for selling which are more powerful than seeing the price reduce. The fact that the dripping in of shares against buys tells me it's a large seller where perhaps brokers are working it. It seems systematic to me and orchestrated . I know you don't concur but that's my thought. On the back of that if I'm right then the share price doesn't reflect the value of the company and therefore I'm adding. It's not rocket science really. Yes I've been a strong critic of the PR a little too critical and direct perhaps to the board but it's just one element at the minute. The point is I am more comfortable with the state of the company now and my shareholding than I was three months ago and that's a fact. I think the future looks exceptionally good here but some are peed off with 30% reduction in value but it will recover.

[jaf1948] 03/3/2021 18:05

I keep querying this background seller myth. Why would someone drip feed large sells into the market when it is very likely that it would continually depressing the share price, thereby getting less for the seller each time.

KS sold 4,000,000 on 18 February 2021 at 4.56p and then 1,000,000 on 19 February 2021 at 4.50p per share and even these sales had minimum effect on the share price per se - the message it sent is a different story but that is not the issue here.

[plasybryn] 03/3/2021 17:24

Will we get more buying after 5th April as investors look to secure the special payout in a tax free envelope (ISA's & SIPPs)?
Some "experts" /commentators are very relaxed about the current gold & silver prices, blaming it's containment being as a result of paper selling.
But they say we are moving slowly towards the perfect environment for gold. This is where Governments have to control interest rates given the debt servicing problems higher rates would cause, whilst they "under the carpet" want to encourage inflation to deflate the debt away. There has been talk about 10 year and 30 year Treasury Bond yields creeping higher which they will have to act against if that should continue. Higher commodity prices like Copper, Iron, Platinum, Nickel etc. are fuelling inflation, as it makes finished goods more expensive. And so is buying more goods from home rather than from low wage environments like China etc. Many still seem to think we will see $2200+ gold this year. To put current pricing in perspective, Last year gold was $1583 mid Feb. then fell to $1484 in March before shooting up to $1700 in April.

[crossfirecssf] 03/3/2021 17:05

I've owned many shares and almost every one has had a share 'overhang' which would last for years, or a 'large seller' doing likewise. In my opinion I'm afraid it's old news.... particularly at the tuppence company level we find ourselves discussing.

[lottsgold] 03/3/2021 17:04

Is frustrating here for sure, as I said last week I sold a few as the wait could be longer than I had hoped and have a life to lead with cars and houses to fund to keep the Mrs happy. I still hold my nearly 3million and plan to but it's testing me. The gold miners are all looking awful which is nuts but it's a fact,

[bigglesbingham] 03/3/2021 16:48

I think it's the large seller in the background which has created the value disconnect which is why in taking advantage of it. Great news re no change in capital gains tax sure some may have been crystallising gains fearing hike to 40% levels. Hopefully that will stop.

[bigglesbingham] 03/3/2021 16:45

They kept the working capital at same levels and got dividend of excess. That was the fair way of doing it. It was done fairly I don't know exact amounts but the question was asked and answered.

[johnswan193] 03/3/2021 16:12

Cup and handle does not form over a 10 year period.

Stick with this one, I'm sure it will come good eventually. The dividend will certainly bring some attention.

[crossfirecssf] 03/3/2021 15:55

If this drops into the three’s I’m afraid I’ll probably be moving on. Waiting a decade to watch a 7-bagger turn into a 3+bagger is a lesson I learned long ago. For whatever reason, the market wears blinkers for us.

I know not the reason, I only know that the market cap of AAU is currently completely de-coupled from its asset value, and I’m running out of logical reasons to explain that anomaly. I’ll give it a little longer, and then it’s over to the KAVs etc and other ‘dynamic’; explorers with a little more intestinal fortitude. Life is too short.

Slow and steady wins the race, but I’m afraid I’m not immortal. I’m still wching the cup and handle pattern closely, but the clock is ticking.

[crossfirecssf] 03/3/2021 15:55

If this drops into the three’s I’m afraid I’ll probably be moving on. Waiting a decade to watch a 7-bagger turn into a 3+bagger is a lesson I learned long ago. For whatever reason, the market wears blinkers for us.

I know not the reason, I only know that the market cap of AAU is currently completely de-coupled from its asset value, and I’m running out of logical reasons to explain that anomaly. I’ll give it a little longer, and then it’s over to the KAVs etc and other ‘dynamic’; explorers with a little more intestinal fortitude. Life is too short.

Slow and steady wins the race, but I’m afraid I’m not immortal. I’m still wching the cup and handle pattern closely, but the clock is ticking.

[kaos3] 03/3/2021 13:55

btw - did they pump out gold and cash before signing a new JV out of the old one - for our benefit?

if - how much?
if not - why?
was the new partner buying our cash and gold with his cash commitment? what was the balance of cash and gold and silver of the old JV when signing the new JV?

should we ask and know?
should we do not know and trust and do not ask?

I do not know. I am confused...... I know gardening to some degree only

[bonehanmer] 03/3/2021 13:41

Don't think the ticker helps when the gold price is falling, but obviously the complete opposite effect when its on the rise.

[soulsauce] 03/3/2021 13:38

But we have just sold a chunk of gold production for $$$.
And strangely the increase in the copper price has not helped us to the upside even though we have a growing resource in Cyprus and now have a huge company involved in taking Salinbas forward which has huge copper potential.
AAU is about a lot more than just the gold price cyberhub.

[cyberbub] 03/3/2021 13:20

People talking about cup and handles, surely that's irrelevant, the overwhelming impact here is from the rapidly dropping POG?

[crossfirecssf] 03/3/2021 12:47

A 4-bagger in ten years. Would that I knew then what I know now,... but you live, learn, and die, so mustn’t grumble. Kept up with ‘real’ inflation at least!

[bonehanmer] 03/3/2021 12:29

Would be nice for some good news soon, return the share price back to the realm of sanity

[bonehanmer] 03/3/2021 12:18

Not sure, but a great buy at 4.5

[shortarm] 03/3/2021 12:07

970,000 at 4.5p - so which day is that from then? They love to confuse us!