Ariana Resources Share Discussion Threads

[shortarm] 26/7/2023 13:35

Finally a tick up on the bid! If that does not encourage one of our sellers I don't know what will!

[zangdook] 26/7/2023 13:16

It could be worse, the spread at UVEL is 0.111 vs 0.287.

[shortarm] 26/7/2023 12:39

I can get an immediate bid on 1.1M shares and it's been a long time since that was the case!Whatever games they are playing at the moment these will be only going up and up long term.

[doinnuthing] 26/7/2023 12:35

ps I could sell 1m shares at 2.2055 (but I was not tempted!)

[doinnuthing] 26/7/2023 12:33

I just looked to try and buy but could not get a quote even going so low as 50,000 shares.
If I try to sell 87,000 it offers me 2.325. I wonder if there is a big buy trying to be fulfilled. Otherwise it has no chance to increase if you can not buy any!

[professor pettigrew] 26/7/2023 12:01

As "fair value" here is, at the moment on a "conservative view" reckoned to be a shade under 6p, does the published spread really matter?

We know it's false anyway, as I said earlier you can buy around 2.57p (small trade just gone through at ask), and sell around 2.42p.

If you believe the "fair value" and also that the shares will be much higher in due course as positive newsflow continues and the gold price strengthens, and you are prepared to wait it out, buying at 2.7p is no big deal.

I have constantly accumulated here and have now set a target of continual nibbling under 3p. I have no intention of selling until these at least 5 bag, so am prepared to wait until then.

My holding is nowhere near biggles but I have in excess of 2.3m now and am more than happy to add and hold.

[donald pond] 26/7/2023 11:50

More an investor than a trader but my first focus is on downside protection. The spread here is massively off putting for investors and traders. Which is why the volumes are down. We are in a catch 22 at the moment and it needs either blow the doors off news or for the spread to drop before that changes

[charles clore] 26/7/2023 11:13

Donald - just admit it, you're a trader not an investor

[paul280i] 26/7/2023 10:26

Donald, are you referring to my post? I think you may have misunderstood. I agree with you that the published spread is unrealistic but that is not what I posted about.

[donald pond] 26/7/2023 10:02

PaulDon't be absurd. The spread is off putting. Though you can trade within it, the fact is that the spread reflects the price that MMs agree to trade the quoted size at. Perhaps 1% of investors look at small gold companies. Of those, I'd say a large proportion won't buy if a spread is above 5-10%. If the spread was reliably 0.1p I'd buy more now. But I won't at 2.2/2.7. And judging by the volumes I'm not the only one

[cinoib] 26/7/2023 09:40

Jaf, I tried that and they didn't want too listen, so I wish you luck from one o.a.p. too another. Why the hell would you buy into a stock with a 25% spread. It's bloody ridiculous. Don't know what their game is, but is more than enough to put of all but the stupid.

[paul280i] 26/7/2023 08:48

Does anyone else look at the trades in AAU on the London Stock Exchange website? I find that showing the Total Trade Value in pence rather than pounds and pence confusing, is it just me?

[donald pond] 26/7/2023 08:46

Just ridiculous. The nomad must be able to do better than this

[shortarm] 26/7/2023 08:28

Properly taking the Michael with this spread now!

[shortarm] 25/7/2023 18:22

I've been waiting for Mr Seller before my purchase. Maybe I'm a bit late lol

[thanksamillion] 25/7/2023 18:11

Getting close to the offer price though, one more biggy should just about do it.

[bigglesbingham] 25/7/2023 16:31

A 450 buy and 380 buy and not a flicker arrrh

[thanksamillion] 25/7/2023 15:42

That seems like a pretty good price for a sizeable chunk, probably need a few more like that to move the share price

[professor pettigrew] 25/7/2023 15:34

Order in for a further 450,000. Broker currently looking for the best price.

[bigglesbingham] 25/7/2023 13:13

Commercial terms being the operative words.

[shortarm] 25/7/2023 12:45

I think Newmont has a first right of refusal at commercial terms? If we want to sell or JV that is.

[bigglesbingham] 25/7/2023 12:31

Reading wh Ireland note mention of selling into the JV but can't see it.

[shortarm] 25/7/2023 12:06

Hopefully deep drilling as Salinbas will find the footprint of the giant too. The best of all will be if project leopard is further down the same trail and hits the same topography whilst being one hundred percent AAU!