Ariana Resources Share Discussion Threads

[drh3] 26/5/2019 10:50

JC- I think production will not change too much, however the overheads May creep up from the astonishingly low levels we see today as the quality of material decreases and transport costs increase meaning that we get less profit per Oz...

[plasybryn] 26/5/2019 10:41

Don't forget we are only 6months or there abouts from being debt free. The second Mill isn't required until the resource/reserve is increased. Focus now on Tavsan & Hot Gold Corridor.

[jaynesdad] 26/5/2019 09:55

A well balanced post JC. regarding 'at some point it will break provided news remains positive', I think the company does have a challenge later this year/ early next year to maintain the quarterly production levels that we are rapidly becoming accustomed to. It will be interesting to see how the transition from the established operation at Arzu South to Arzu North (and I think Derya) is accomplished. Clearly things can be smoothed by building a large stockpile at the processing plant over the summer, but the thought of disruption is worrying. Bearing in mind that poorer grades are, I believe, expected from these 'new' pits, I am also surprised that the purchase of a second ball mill has fallen from view. Even PG mentioned that last year, but more recently nothing - if processing lower grade ore a second mill will surely be needed to maintain actual Ag/Au levels being achieved now?

[jc2706] 26/5/2019 08:54

I very much doubt that Ariana is currently a takeover target. Their producing asset is pretty small as far as these things go and is a 50% JV. No major will be interested in this and I doubt whether a smaller company looking to buy ounces will consider it either. If Salinbas hits some good results then that is a different matter as the obvious parallels will be drawn with Hot Maden.

2p is an obvious resistance level so it was unsurprising to see this stall when the volume was low. It's normal trading behaviour and at some point it will break provided news remains positive (particularly the gold price which could still go either way in my opinion but I am expecting to set up a big move at some point this year, although this may well be after another dip).

[plasybryn] 26/5/2019 07:23

This perhaps sums up why we are investing here. Following the great man himself:- 'While there are a variety of tenets to Warren Buffett's investment approach, it is best summed up as buying shares in a great company for less than the business is intrinsically worth – and where the management team has the highest integrity and ability. You then hold the shares – and hold some more.'

[swallowsflysouth] 25/5/2019 15:30

I also have expectations of Kizilcukur, i hope the delay is due to good news.

[soulsauce] 25/5/2019 12:34

Yes hopefully kizilcukur will surprise.

Good luck with the cryptos Charles.

[soulsauce] 25/5/2019 11:13

Might be worried about accidentally misleading people again paul with pictures of yellow nuggety type stuff 😉

Seriously though there are only so many pictures you can put up of a drill rig and cuttings.

Kizilcukur next week surely?

[paul280i] 25/5/2019 09:17

Twitter has gone very quiet, there must me more pictures of the drilling. Please.

[charles clore] 24/5/2019 17:39

Plas - not a time to be taking profits either imho because if you are right we could be at the start of a bull run.

By the way, have you seen the substantial rise in cryptos today? I'm up over 100% on one of mine, in one day. Incredible!

[plasybryn] 24/5/2019 16:26

Quiet before the storm. June could be bring a lot of transformational news imo.
Not a time to be out or sitting on the sidelines imo.
Conviction time.
Bring it on.
Good luck.

[swallowsflysouth] 23/5/2019 20:49

Yes Biggles, a interesting change of direction for Sandstorm. There is apparently certain financial companies who have a interest in small au miners who are waiting for au to rocket, who knows, I just think as pi's are in the majority here we just need to be behind management.

[bigglesbingham] 23/5/2019 20:39

Was looking at sandstorm . There business model is to buy royalties and they've 185 of them. Hot maden was so unusual for them ie to purchase Mariana .

[swallowsflysouth] 23/5/2019 18:57

Takeover on the cheap is also my concern. The share price appears to me to be regularly attacked in a 'robot' way when ever it tries to breach/break 2p. I guess us pi's need to stick together and vote with management if their is any sign of a hostile takeover.

[soulsauce] 23/5/2019 18:25

That's the worry bigglesbingham.

[jaynesdad] 23/5/2019 16:54

Stating the obvious but consolidating over 2p seems a bit distant today....

[crossfirecssf] 23/5/2019 16:52

...and silver's looking even better.

[crossfirecssf] 23/5/2019 16:50

Gold threatening to break out... :o)

[bigglesbingham] 23/5/2019 13:37

Emphasises threat of early takeover

[charles clore] 23/5/2019 13:16

Soul - I agree there should be some institutional interest by now and the blame for that lies firmly at the feet of PG. Could it be they are simply basking in their former glory and expecting the II's to come knocking at THEIR door? This surely has to be one of those stories that is able to sell itself so I say get rid of Panmure flippin Gordon and save their fees to the bank. Let Kerim & Co get on with doing what they do best and in a short time I bet the company will get the attention it deserves. WITHOUT PG!

[kirbs4] 23/5/2019 13:13

A brief but interesting interview with the CEO of Barrick about the sector in general on Mining dot com. They also tweeted it not long ago. It is something that is easy to lose sight of imo when looking at fundamentals and the way they should reflect based on historic sector performance.On the plus side, while we are yet to see gold benefit significantly from the drive for alternative investment off the back of Trump/Brexit uncertainty, it is still expected by many commentators, and this one forecasts end of next year.

[dixi] 23/5/2019 12:13

Couldn't agree more with the soulsauce.

[charles clore] 23/5/2019 10:58

imho, bearing in mind the excellent relationship with their Turkish bank (who will be falling over themselves to debt finance Tasvan) and the avoidance of further equity issues the board doesn't need to be concerned about an increase in the share price. Apart from making existing shareholders feel better, the only case in which it would help is if there was a bid from an outsider.