Ariana Resources Share Discussion Threads

[plasybryn] 22/2/2024 13:53

What any financially asute Co would do would confirm that. The implications of todays completed 2023 drill programme at Kizicukur, is that this will add high grade, high recovery ore to the expanding Kiziltepe Reserve which in itself we will be reporting on very soon. This all means the life of mine at Kiziltepe is going to be lengthen and as such we will have two very low cost, highly efficient mines running in parallel for at least say 3 / 5 years.. Further drilling at Kizilcukur this year is expected to raise the reserve still further.

[dixi] 22/2/2024 13:43

Price being continually lowered to attract buyers, rather than having to raise the price to attract sellers. It's been selling pressure ever since the Ozaltin deal spike.It's relentless and demoralising.

[jaynesdad] 22/2/2024 13:33

Absolutely unless the market makers are prepared to carry a significant balance on their books? Or are they required to balance their books? That's true of any share, so must just depend on whether the pressure is predominately selling, meaning they lower the offer is order to encourage buying. The reaction today is disappointing, though as I write it seems to have picked up a bit. At least it appears to guarantee a real 2 concurrent mine operation for a significant period.

[bigglesbingham] 22/2/2024 13:13

By definition doesn't the number of buys and sells have to equal one another over a long period of time? I think it's more that when the emphasis is on selling the analysis shows more sells but in fact all sells are matched to buys unless mrms holding millions which they won't be doing .

[doinnuthing] 22/2/2024 13:12

Re Starvest
I was not a holder but looking at the comments on here / starvest web site & chat page.
The liquidators notified via a post on the Starvest web site that GGP shares were being allocated on 19 January at virtually the same ratio as was previously announced. Then Somebody posted that they had received their shares to their account on 26th Jan - so seems one week timescale. No mention of AAU.
As no post re AAU yet no distribution so no former Starvest shareholders "dumping".
Possibly this is (my speculation and possibly inferred in some pearlier posts) that the liquidators need to liquidate some of the AAU shares before distribution to cover their costs (although their fee was only £10,000 plus Category 1 expenses?)this may be some of the sales we have been seeing but not much unless there are substantial other costs involved.
Again speculation when the Starvest liquidation was mentioned the AAU share price was around 3p so possibly more shares have had to be sold than expected to cover the costs than originally expected.

It will be interesting to see if the allocation rate is now much lower than originally envisaged when the announcement comes out as this will indicate they have sold more shares than originally anticipated. Just my thoughts .....

[bigglesbingham] 22/2/2024 13:10

Sorry 11 million my correction

[soulsauce] 22/2/2024 12:51

Great work xow. Even adding in the unknowns shows quite a deficit.

[jd 1965] 22/2/2024 12:41

Well done xow shows clearly sells v buys as u say certainly explains some reason for current share price Board need to react and soon

[soulsauce] 22/2/2024 12:33

Hear hear Shortarm 👏👏

[shortarm] 22/2/2024 11:53

I also suggested share buy back to get us back to a nice round number.BUT: if it is some poxy legal firm selling shares to pay their bill - let them get as little as possible I say!

[xow98] 22/2/2024 11:52

My analysis of trades on AIMX for last 11 months (can't get March 23). Using published Bid - Offer spread at time of trade, anything above Bid +50% of spread is a buy, anything below Bid +50% of spread is a sell, anything equal to Bid +50% of spread is an unknown. Appreciate that the published spread might not be the true spread, but best I can do.

Certainly explains the 55% fall in share price.

Month------ BUY-----------SELL-------UNKNOWN
Apr 23----6,207,353 ----15,556,844------589,348
May 23----7,050,813 ----12,554,803----1,125,893
Jun 23----6,135,929 ----12,476,546----1,054,520
Jul 23---11,136,811 ----11,563,101------481,398
Aug 23----6,416,745 -----6,167,848------896,074
Sep 23----2,547,764 -----8,585,471------763,953
Oct 23----6,347,392 ----10,016,489-------54,737
Nov 23----4,971,736 ----11,208,975------939,061
Dec 23---14,875,434 ----19,173,856----1,120,422
Jan 24----9,981,991 ----14,483,145----1,522,812
Feb 24---11,213,726 ----15,922,691----1,351,383

Total----86,885,694 ---137,709,769----9,899,601

[charles clore] 22/2/2024 11:32

Biggles - it seems odd that AAU still seem to think of YJ as value for money. Apart from being a thinly disguised approach avoidance scheme for directors who loathe their shareholders and see them as nothing but a waste of time, I struggle to find a reason to keep them.

[thanksamillion] 22/2/2024 11:30

Hadn't realised Starvests AAU holding - 1.1m, was so small/tiny, was thinking of why Moorfield may want to hold on to them for a while and what they might do.

That being the case, this constant selling is clearly nothing to do with Starvests holding.

Apologies for being thick/uninformed.

Hang on tho, JD says 11m, which is it.

[soulsauce] 22/2/2024 11:14

Thanks bigglesbingham. I would imagine SVE would have owned them electronically like the rest of us so that is why I mentioned computershare.
Seems odd for one to get sorted so quickly 🤷‍a94;️

[bigglesbingham] 22/2/2024 11:11

Not a clue pal got to be the registrar aau would not have anything to do with issued shares. If they did it would have been prime for buyback etc which I did raise to Board as option but no direct answer apart from all options being discussed from YJ who are as much use as a chocolate fire guard .

[soulsauce] 22/2/2024 10:59

OK cheers Plasybryn. So what is the issue?

[soulsauce] 22/2/2024 10:55

To be honest bigglesbingham I am not sure how or from whom the shares are issued. I would imagine through computershare or something.
But I can't think of any other reason why ggp would have been sorted immediately and Ariana not?
Maybe you can enlighten us 🤷‍a94;️

[xow98] 22/2/2024 10:54

Selling continues into any price rise;

Buy volume 656k, Sell volume 1.54m

[plasybryn] 22/2/2024 10:54

Starvest: you will see Moorfield Advisory Ltd charged with overseeing windup.Following a General Meeting of Shareholders on 20 December 2023, Starvest has entered into a solvent members voluntary liquidation, with Moorfield Advisory Limited appointed to oversee the windup of the Company.

[plasybryn] 22/2/2024 10:52

Nothing to do with AAU soulsauce.

[bigglesbingham] 22/2/2024 10:50

SVE holders receiving shares is nothing to do with AAU pal. Not sure that's what you were implying?

[bigglesbingham] 22/2/2024 10:49

Yes absolutely but when you have sellers for whatever reasons they are going to adversely affect the share price, SVE had 1100000 shares I believe. Problem here is majority of those holders didn't buy for access to AAU but to greatland gold. On administration their holdings doubled in value. So majority would have relatively small holding in AAU and obviously dump in favour of shares they actively follow. I accept some would hold Aau separately and those would probably hold because they are fully aware of story. In my eyes it's a case of looking beyond the shareprice at the company fundamentals , recent rnss , presentations and being patient. Yes I'd love it to be higher and understand unrest with some holders as no one likes sitting on a loss. ALL have been hammering marketing and I hold quite a few but they fall has been relentless too. Again it's having faith in what we invest.

[soulsauce] 22/2/2024 10:28

Thanksamillion, remember how long it took for the divvi to drop for some people. Not sure anything smells about it other than with Ariana's housekeeping maybe? (if they have anything to do with it)
Perhaps they have outsourced that to YJ too. Amazing scorn on them from TW.

[thanksamillion] 22/2/2024 10:22

This business with starvest's AAU shares, and the delayed distribution, is starting to smell a little strange to me, couldnt be ..... could it.