Ariana Resources Share Discussion Threads

[coachsailor] 04/4/2024 00:01

JAF There must be some positive news coming very soon for us to make that 3p target around 20 April? But if this rising gold price cant shift it am not sure what will.

[thanksamillion] 03/4/2024 22:20

Gold ends 2315 and....Copper up 3% today, now lets get Cyprus on the road.

[charles clore] 03/4/2024 22:05

Soul - I have never lost the faith. Prepare yourself for prosperity!

[soulsauce] 03/4/2024 21:08

The optimism is slowly knocked out of you over time here Charles until it kind of mirrors that shown by the board and in particular that shown by the Chairman.

[charles clore] 03/4/2024 20:56

Soul - I honestly don't know where you find your amazing sense of optimism haha

[dixi] 03/4/2024 20:31

A strong announcement regarding expected production and a progress update would be marvellous about now.

[soulsauce] 03/4/2024 20:25

Same as what happened once before then Charles. By the time Ariana started to rise the fever was all but over.

[charles clore] 03/4/2024 20:21

Dixi - imho what will happen is gold price will continue upwards and AAU will rise disproportionately slowly but the stock will eventually become so ridiculously undervalued that everyone will reluctantly hop on board and fill their boots. Shouldn't be too long now haha

[dixi] 03/4/2024 18:31

Hopefully the strong gold price will stimulate some interest here. AAU are a producer and a successful one at that. A rising gold price has to be a way of corporate promotion, even KS cannot whack a lid on that.

[xow98] 03/4/2024 11:34

Investor Meet

No meetings booked at the moment but you'll be notified when that changes

[charles clore] 03/4/2024 11:12

It was mentioned by somebody last week there might be a Q and A session to clarify last week's RNS. Anyone heard anything yet?

[plasybryn] 03/4/2024 11:10

SP Angel this morning.Gold pushes on again despite rising Treasury yields as focus turns to Powell todayGold prices continue to break record levels, with prices touching $2,287/oz before settling at $2,273/oz.The move has broken the traditional correlation between US Treasury yields and gold, with US Government bonds selling off to 4.4% on the 10-year.Powell is due to speak later today, with traders focused on his comments on recent inflation data as the market waits for nonfarm payrolls due on Friday.A potential weakening of the labour market could provide another catalyst to the gold price, with lower yields expected to push patient ETF investors into bullion.However, traders note open interest in gold futures is fading and it currently sits 15% above its 200 day moving average.Silver prices have broken above $26/oz, their highest since March 2022.

[xow98] 03/4/2024 10:02

Annual inflation in Turkey stood at 68.5% in March, according to the report released by the Turkish Statistical Institute on Wednesday. In February, annual inflation was at 67.07%. Compared to the previous month, the consumer price index (CPI) added 3.16%.

The greatest contributor to the yearly CPI rise was education, with prices soaring 104.07% year-on-year. Education also recorded the highest monthly increase at 13.08%.

[soulsauce] 03/4/2024 09:06

And not before time Plasybryn.

[plasybryn] 03/4/2024 08:58

On X with nice photo this morningARIANA RESOURCES picRESOURCE AND RESERVES UPDATE• JORC Reserves total 5.3Mt @ 1.46g/t Au + 9.81 g/t Ag for 249koz Au + 1.67Moz Ag, equivalent to approximately 10 years of further production; further economic and technical studies underway.• Global JORC Resource of 10.9Mt @ 1.37g/t Au + 12.65g/t Ag for 483koz Au + 4.45Moz Ag, with opportunities identified for further resource growth.• 12% increase in tonnage for the Kiziltepe Sector resources despite continued depletion by mining; resources at 172koz Au and 3.3Moz Ag.• 15% increase in tonnage for the Tavsan Sector resources, which stand at 311 koz Au and 1.1Moz Ag.Resources and Reserves quoted gross with respect to Zenit Madencilik.www.arianaresources.com

[thanksamillion] 03/4/2024 08:46

kaos3


Your post reminded me of a tale an old friend once told me.

He was a bricklayer and for some time was employed on a site that had a lot of leading edge astronomical equipment. One day he was talking to the lead scientist who rather pompously was explaining the ultra fine tolerances they had to set the equipment to.

Friend replied "Oh that wouldnt be good enough for us, we have to be "spot on every time".

;-)

[kaos3] 03/4/2024 07:22

Thanksamillion
2 Apr '24 - 21:23 - 23203 of 23207

spot on

Plasybryn ... i am on the pc only occasionally during the day

[sharenotes] 02/4/2024 23:12

With the gold price reaching all-time highs in multiple currencies, silver still has a way to go. Notwithstanding, it's showing signs that, finally, it's catching the bid - up over 4% today.

[plasybryn] 02/4/2024 22:43

It is nice to see the Silver price start to perform. Ariana mines quite a lot of silver so this will enhance the bottom line.

[xow98] 02/4/2024 22:20

Biggles, the price ain't going up on 537k volume, £12,562 worth of trade for the day.

30 day average volume circa 1.5m, so roughly £33k per day.

Pre JV 30 day average volume was circa 2.25m, which is a minimum we need to get back to.

All above volumes are excluding Aquis.

[bigglesbingham] 02/4/2024 22:03

Thought it may have ticked up today with 500k buys no sells. If 500k sells no buy you know it would have dropped 10 percent ha ha

[thanksamillion] 02/4/2024 21:23

Plasybryn

I believe the worm is the dark and light purpley bit (or body) between the two blue lines, which looks rather wormy.

I suspect he is looking for the bottom blue line to break through the top straight (falling) line.

For that to happen I suspect a 3p target for July needs to be reached.

[plasybryn] 02/4/2024 19:13

That is a great chart Kaos3. Thanks for sharing. But could I ask you to provide more analysis in plain English. What is the "worm"? Where do we need to get too to starting seeing a break-out/reversal of the long term decline?

Is it normal to see such a long term decline for a profitable, debt free Co? It suggests to me that it is only the Board who should be held responsible, as they have totally failed to sell any sort of vision, explain the strategies to achieve that or set out the value milestones investors can expect. There is an urgent need to call them to account. Perhaps by default they will be saved by a rising gold price, but it really isn't acceptable, especially as they have shown no interest in trying to reverse this trend. Am I being unkind?

[plasybryn] 02/4/2024 19:01

It is a great shame that they have lost the ability to communicate a clear Vision and supporting strategies. It is all piecemeal now and the big picture get's lost. We have no idea where we are along the path to the Vision, (if one still exists,) to the ultimate value goal. Wouldn't you set out the Vision and core strategies at the front of the AR & A? And dropping the all informative Gantt chart was a big mistake as this helped to provide a summary of strategies and milestones.
If we go back to the Panmure Gordon "Company Note" issued 21st November 2021, we will see they valued Salinbas back then at 2.24p on its own. It is after all a 1.5m oz JORC Resource (July 2020) and has an Exploration target of up to 2.7 mozs and 16.1m ozs of silver. Compare that to Tavsan and Kiziltepe! What has the Co. done to excite the market about this incredible Project which includes Hizarliyayla and Ardale. Hizarliyayla should prove to be high grade with steeply dipping breccia pipes akin to the world class Hot Maiden deposit. If Salinbas was worth 2.24p two and half years ago, what is it worth now? What is the Salinbas Vision. Why hasn't it been communicated? Our current share price with 2 mines on the cusp and up to ten years of mine life is less than even the value for Salinbas.
The Board like to tell us it isn't anything to do with them....it is the Market.
I don't buy that. My school report would be -"could do much much better."