Ariana Resources Share Discussion Threads

[crossfirecssf] 20/6/2019 12:54

Something tells me that there's more to this than the rising gold price. I suspect the usual insider trading pre good news.

[ileeman] 20/6/2019 12:54

Bought another 200k at 2.32p fwiw.

[catsick] 20/6/2019 12:50

Looking nice now !

[8rad] 20/6/2019 12:46

Oh and yes Biggles can I be the first to ask you for a sub!

[shortarm] 20/6/2019 12:44

Key word 'limitless'!Massive potential here and currently undervalued with what we have right now!

[8rad] 20/6/2019 12:44

CC Ascot actually but I think I will stay in front of my screen for greater excitement.

[highly geared] 20/6/2019 12:42

Just bought in here (c. 1 million shares) after waiting quite a while. Break out to the upside + gold 5 year break out made me act ( would like to see $1400 to have it really confirmed). However, I think AAU fundamentally under valued on what its currently delivering and has been for the last 12 months, there is the additive resource possibilities to Kilzitepe but if Salinbas comes in half decent, that will provide tremendous and limitless upside.

[bigglesbingham] 20/6/2019 12:41

Now I'm smiling !!

[deanmatlazin] 20/6/2019 12:40

Who ever selling now must be nuts!!!

[someuwin] 20/6/2019 12:39

Been adding here today.

[charles clore] 20/6/2019 12:39

This is just too important to ignore now. I think we're off to the races!

[crossfirecssf] 20/6/2019 12:01

Very true JC. Everyone has their risk tolerances I guess, and it's wise of you to exercise caution. Agreed, once gold is really motoring I believe that we'll see a bull market in gold stocks the like of which we've not seen before. It's been a hell of a wait, but it'll be worth it in the end.

[charles clore] 20/6/2019 11:59

iLeeman - I thought FRES was a silver producer but a good one. Didn't realise they were producing gold as well.

[ileeman] 20/6/2019 11:57

@Charles to be honest did not expect to get in at this price with gold breaking $1360, so decided to buy.

Main exposure to gold is FRES.

[jc2706] 20/6/2019 11:56

CrossfireCSSF,

I would also call this breakout the major one but it needs to hold at or above this level (preferably above 1400 for my liking) to confirm it. I would like to see the weekly break above $1400. Once that happens then I am happy to put in much more in the gold miners I prefer. If the gold bull gets into full swing then it is worth buying some of the old rubbish that is sitting around the market as well because it will all be lifted.

[soulsauce] 20/6/2019 11:55

browngirl do you want Fridays lottery results too while we are at it.

No one knows. All depends on the gold price and the up coming drill results from salinbas. Either could make this fizz or make it drop back to 2p.

But there should now be a solid based at 2p.

[charles clore] 20/6/2019 11:53

ILeeman - very astute with the timing of your purchase I must say.

browngirl - I would say you should do your research on this and you will see the potential. It's a great story, the share is underpriced and could easily double imho on favourable news from Salinbas drilling results.

[browngirl] 20/6/2019 11:52

Hi All

Anyone know the projected share price measured target on this breakout

[crossfirecssf] 20/6/2019 11:37

The Fed have effectively admitted that they're out of bullets and it's QE until infinity. One would think that having seen ten years of low interest rates failing to confirm their ridiculous 'wealth effect' growth theory, that they would have accepted the obvious evidence that this doesn't work and never will.

I think the reason that the breakout has been so sudden and large is that the market gets what the Fed doesn't. That there's no end to this and there's no place for gold to go but higher indefinitely. The more money they print, the higher gold goes,.. it's as simple as that and has been for the 100 years in which they've reduced the value of the dollar by about 97%. Geniuses! We're in the right place here.

[ileeman] 20/6/2019 11:36

I note some are talking about potential news etc reason for rise, simple reason for rise is gold is at new multi year highs. Some have been waiting for this gold break for a very long time it also means it will be on every ones radar now.

I bought 1million today, will add few more at the right price.

[crossfirecssf] 20/6/2019 11:19

Okay JC, just having a bit of fun. I'd call this breakout the major one, but each to his own, time will tell.

Anyhow, we could possibly punch through $1400 today if we break out of this tight little wedge. Fingers crossed. This first stage of the breakout shouldn't really pause meaningfully until around $1440+, but I could be completely wrong. Either way, it's a very good end to the week. GLTA

[jc2706] 20/6/2019 11:08

CrossfireCSSF,

I am talking about a major breakout not the minor one earlier. Anyone looking at gold's price over the last few years will see how important the $1350-1400 zone is.

[thanksamillion] 20/6/2019 10:59

Need to bare in mind that as gold goes up due to falling dollar, the consequential increase in $/£ blunts the rise for those of us living in poundland.

$/£ up 0.65% today.