Ariana Resources Share Discussion Threads

[bigglesbingham] 21/5/2019 14:00

Don't get this selling

[paul280i] 21/5/2019 13:15

Oh the joys of getting old, I asked the same question before but not sure I understood the answers. Why not make it simple?

[plasybryn] 21/5/2019 12:15

I'm not able to check anything at the moment, but I'm sure this question was raised and answered last time around Paul. May be worth checking back.

[paul280i] 21/5/2019 12:12

Is it me or can someone explain the figures in the Quarterly update?

I struggle to completely understand the "silver credit", it seems to be included in the gross income of $10.86 million but also used to reduce the operating cash cost: "Operating cash costs are inclusive of on-site costs and off-site charges and royalties specific to the project. It also includes adjustments for stockpile balances at the end of each quarter, in addition to an adjustment for by-product silver."

My calculations show that either the Cash Cost per oz should be increased by $178 to $577 or income should be reduced to nett income of $9.565 million.

I don't think the figure should be used twice as it does give a false figure.

I still think the results are brilliant so not complaining about them.

[bigglesbingham] 21/5/2019 11:22

Very positive vibes

[swallowsflysouth] 21/5/2019 10:17

Thank you Biggles.
There does seem to be a different air about the company, hope it isn't just my imagination.

[bigglesbingham] 21/5/2019 09:21

Spoke to MDV the results will be out shortly. With regards to how they are remunerated my personal view is it will be set up as another JV but account being taken of the exploration costs equation. Point is they will be remunerated for the ore accordingly and will process in the most cost effective and practical way possible based on the set up of existing agreements and legislation.

[oakey1] 21/5/2019 08:36

What are those 1p trades I see?
Seen them before on other shares surely you can’t buy so far under the normal price??....maybe my screen is bugged

[jc2706] 21/5/2019 08:22

Just coming down to kiss the rising trend line. It also seems to have broken a rising wedge to the upside and is retesting the breakout. This is very interesting for those that follow such things as a rising wedge is generally bearish (as it indicates weakening selling with consistent selling).

[catsick] 21/5/2019 08:20

What would help more instead of giving the loan payment details which are fixed anyway would be a cash level update at the parent and jv level so we can see a better picture of how much cash is being created, if tasvan takes much longer to get going it can probably be financed just from the current cashflow, but its hard to see that now ...

[charles clore] 21/5/2019 08:10

It went south yesterday but the trend is up.

[goldenshare888] 21/5/2019 07:51

Will this continue it's march north today?

:-)

[swallowsflysouth] 20/5/2019 22:19

Biggles,
i was just wondering what has happened to the Kizilcukur drill results. Do you think that the wait is not just due to doing a mining plan of Kizilcukur ore body but also that as it sits outside the Red Rabbit JV there might be some behind the scenes Negotiation going on regarding processing of ore ?

[charles clore] 20/5/2019 18:18

cheadle - it would be great to do a comparison with ARCM and BMV. I'll check to see if chip has them on his site

[bigglesbingham] 20/5/2019 16:47

The more shares that change hands at this price the better. The weak holders happy with a quick buck will reduced and the long termers will benefit

[cbeadle] 20/5/2019 16:21

Charles Close- probably ARCM and BMV are also similar

[goldenshare888] 20/5/2019 14:06

Just shows how beat up the sector is!

When the turnaround happens it could be stunning....!

Fingers crossed.

[charles clore] 20/5/2019 13:50

It's quite mystifying to me as to peoples' reasons for selling here. There aren't many mining and exploration plays out there with the management and potential baggability of this one imho.

[drh3] 20/5/2019 12:34

Happy to add at this price

[alikan] 20/5/2019 12:24

It is weird that we are only back to pre production price. As if the price is being held at under 2 p for a reason.....

[shortarm] 20/5/2019 12:08

People buying at this price will want a good return....Building a nice solid base for the next step, I expect some people that have sold will end up buying back higher for the next run...

[thanksamillion] 20/5/2019 09:26

For now, the fact we are holding ABOVE 2p is a real positive.

[charles clore] 20/5/2019 09:15

What a crazy market we are in. Profit takers on such good news? It seems ridiculous to me but I suppose it all helps the consolidation of the price. When it eventually moves it will move big time imho.