Ariana Resources Share Discussion Threads

[kaos3] 02/9/2021 14:14

I also do not understand which order flow do they fill first? ....
I am many times offering better prices inside the spread - but am not getting filled - for days.

there is no FIFO method or something - so what is it?

[kaos3] 02/9/2021 14:11

I never understood how MMs form the spread which can be even 10 %.

why I am saying that. we will get the divi - MMs will just widen the spread - and they will "milk" the divi buying. one will still be able to sell at todays bid - but the ask will simply move up.

meaning MMs will bottom fish the sells and shift it to the buyers at higher prices.

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so - how does it work in reality ?

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I see those shares flipped by the MMs where the spreads are wide. No chance for me buying at the bid, in the middle of the spread.

[plasybryn] 02/9/2021 14:04

I'm no expert on trading volumes or how Market Makers move the price and spread, (secret science?) but it seems to me it wouldn't take much concerted buying to move the price quite considerably.
Traders must be aware that many investors will use all or part of the special pay-out later this month to buy more Ariana shares and that alone could have a marked positive impact on the share price. Will they want to buy in ahead of that?
But on Fundamentals it looks like the Tavsan E.I.A. is very close from what they said this morning and the market will acknowledge that is a major milestone in the path to getting into production at our second mine. A big de-risking milestone. There is always a concern that locals will object etc. but that consultation process is now complete and the application has been re-submitted to the powers that be to grant the E.I.A. So that was a big plus this morning. Perhaps it will take a bit of time for that to sink in.
The second SAG Ball Mill has also been constructed and completed so throughput numbers from here on in will be up nicely, compensating and more for the current lower grade ore. Don't forget they also told us in July they have a stockpile of over 285,000 tonnes that has been established, representing about 10 months of enhanced production capacity.
We were also told earlier that drilling at Salinbas could start in September.
As has already been mentioned, we should imo be due some exciting news from Cyprus in Q4.
I'm expecting (optimistically) that the next release on Cyprus will start to put the potential there into some sort of context.
So going back to my question about how little volume is needed to shift the share price, Q4 could, with a bit of luck, at last see us re-rated to a more realistic level without even that much buying effort. Bring in heavy buying and who knows what could happen.
Anyone agree?

[renniks2016] 02/9/2021 13:49

I think they (PG) will come into their own in the not distant future, certainly when we have an Mcap of 150-200m and beyond, that loyalty might pay dividends by then. :)

[d1g3y] 02/9/2021 13:49

I did a little work on this previously (kept it very simple) but from memory (ADVFN won't let me look back that far) I calculated about 9 million in the ground

[konil] 02/9/2021 11:11

rns corrected

Production and sale of 7,941 ounces of gold during the half-year ended 30 June 2021.

[red imp] 02/9/2021 11:03

Shortarm - I make the sales value in excess of $0.5bn. I don't know how much it costs to get out of the ground and processed however.

[konil] 02/9/2021 11:02

9.5mt = 19bn lbs, at 0.65% = 123.5m lbs.

i have a metric (don't know how sound)that says cu sells for between 3c and 10c for 'established pound in the ground'.

not sure how closely the word 'established' relates to the cyprus deposit but assuming it is an 'established' deposit, then that gives an inground value between $3.7m and $12.3m. hope i've got my maths correct.

that does not include anything for the gold.

what are your numbers shortarm?

[charles clore] 02/9/2021 10:57

We keep complaining about the lack of publicity and I am sick and tired of the inadequate apologetic excuses from the company. It is indeed time to be shouting from the rooftops about our high achieving company but if they don't want to do it then surely it would not be beyond the ability of an independent analyst to set this alight?

[tnt99] 02/9/2021 10:46

Nice update looks to me if things go well as they are that an ongoing dividend of .10p will be paid after the .70 dividend is all paid in the coming 18 months added bonus and should see the share price resume its steady rise from here

[konil] 02/9/2021 10:45

this has got to be the best kept secret on aim!

[shortarm] 02/9/2021 10:44

In Cyprus we have 9.5mt at .65 percent copper (plus gold etc on top)Can someone calculate an in ground value for that as my calculations seem to be miles out compared to the value of the company at the moment......?

[konil] 02/9/2021 10:43

i know we've all been saying it ad nauseum but today's news and related pathetic price action again shows the dire need for some long missing effective pr. they keep delivering operationally and it all goes under the radar. existing holders do not have limiltless funds to keep increasing holdings, new interest is sorely required!!!

[plasybryn] 02/9/2021 10:06

Are you going to query that with Henry at Yellow Jersey Renniks2016? Still not clear either when dividend is going to be paid noting they quote by Sunday 26th!

[soulsauce] 02/9/2021 10:02

Shortarm I think you are correct. He does it to me too.

Nice update today anyway.

[renniks2016] 02/9/2021 09:41

Sorry Z I didn't see your post referencing this, what's your thoughts, typo today and should be H1 not Q2 ?

[renniks2016] 02/9/2021 09:36

I'm assuming we have typo ? Production and sale of 7,941 ounces of gold during the quarter ended 30 June 2021RNS 27th July states H1 for same amount, if it was for the quarter ending 30th June, that would be phenomenal and we would potentially be seeing over 30koz this year.

[shortarm] 02/9/2021 09:09

If anyone wonders who ticked my post down it's the little dweeb excellence who 'owns' the CHF thread... he misunderstood ex-div and didn't like being corrected....Feel free to pester him ;-)

[paul280i] 02/9/2021 08:43

Working with these figures I can't see any reason for the company not to continue paying a 0.35p dividend each year into the future and leaving plenty of cash to invest in new prospects.
Well done to all at Ariana, your PR may come in for criticism but you are great at producing gold.

[konil] 02/9/2021 08:36

well done to aau and the jv teams. this is building slowly (par for the course for mining) but very very nicely. with tavsan due by h1 2023, maybe sooner, new interest should start to build but the next jv report on kizil production should really step up the stakes as it should show the impact of the expanded processing capacity.

meantime we should hear more about salinbas progress and cyprus. plus whatever ks is cooking up with wtr, asgard and other new ventures.

bb, cyprus gold discovery, yup get your point. certainly would be nice to see a little blue sky priced in here.

[zedder] 02/9/2021 08:05

So the RNS of 27th July said production for H1 was 7941 Oz Gold, but todays RNS says production and sale of 7941 Oz Gold during the Quarter. The sale element of that statement might be true, but not the production.

However, to achieve the Gold production guidance of 19000 Oz for 2021 assumes they will achieve 11000 Oz in H2 and the increased rate would only apply for 4 of the 6 months. So that would suggest production for 2022 could achieve 25000 Oz.

Assuming revenue stays at $2100/Oz (and it could well increase) and round AISC to $600. Profit to AAU from just Kiziltepe could be £6.4m in 2022 ($1500 x 25000 x 0.235 x 0.73).

[tnt99] 02/9/2021 07:45

Great news this company has a direction and is on the growth path but still rewarding the shareholders while it continues to grow And great to see the expansion plans are being put in place by this time next year should have 2 mines producing gold and silver at rock bottom costs and reach the target of producing 12,500 thousand ounces A quarter

[d1g3y] 02/9/2021 07:37

Great news to start the day