Ariana Resources Share Discussion Threads

[soulsauce] 21/6/2019 10:56

Charles one of those two oilies is waking up too ;-)

[jc2706] 21/6/2019 10:44

78steve,

Are you mixing 'k's and 'm's?

I think that it is more complex than that, especially as this is a JV.

[jc2706] 21/6/2019 10:42

There is certainly that potential which is why I believe that a Hot Maden type intercept will be pounced upon by the market. After all, it would not take much imagination to envisage a similar NPV on the back of it. Take into account the fact that there is 100% ownership here and you would be looking at a takeout value considerably higher than the current market capitalisation.

[78steve] 21/6/2019 10:38

This seems about right valuation at 27k ounces. SRB target 40k ounces market cap around £40m so £1m valuation per £1k ounce.

[mcmather] 21/6/2019 10:34

Concur entirely JC; Zak also mentioned that they are just "scratching the surface" with KS (I think) suggesting that it might be up to 10yrs before this is all proven up / operational. I just think they are sat on something massive considering the info known and the other prospects up there.

[thanksamillion] 21/6/2019 10:33

Think this about it...for now, next week is Salinbas news I believe, I'm continuing to hold till then.

[jc2706] 21/6/2019 10:25

mcmather,

I know when MARL sold Hot Maden people think that they sold out cheap. I disagree. I actually think that they sold out for full value given the stage it was at and the fact that they owned a minority stake (which tends to attract a discount for obvious reasons). An NPV is indicative and only likely to be achieved once the asset is in production (if then if the sector is not in vogue). At PFS stage I would not attribute more than 30% of an NPV.

[goldenshare888] 21/6/2019 10:19

WARNING:

Counselling services may be required for those that are selling/have sold or did not buy in!

If SALINBAS is what I feel it could be, in the future we may see daily gains of:

2.5p

:-))))

NB. Similar thing happened with MARL and it was one of the best feelings an investor could have.

[gaddy88] 21/6/2019 10:18

Very nice to see this pushing on. Very happy holder today.

[bigglesbingham] 21/6/2019 10:16

Roll on salinbas

[8rad] 21/6/2019 10:10

Yes good call last week Soul....2.5p on the bid. Hic. Hic!

[charles clore] 21/6/2019 10:07

2.5p is a wonderful sight when you've been waiting for the day for years.

[goldenshare888] 21/6/2019 10:06

Just the start I feel and only 2.5m volume...!

:-)))

[jaynesdad] 21/6/2019 09:57

2.545 to buy. Hic. Have a good day all, hope it finishes at least 2.5

[charles clore] 21/6/2019 09:56

biggles - I hope you've got yours in an ISA. I've managed to get all 2m into mine but I realise you have a (slightly) bigger holding than me!

[sleveen] 21/6/2019 09:56

Well done all.

I was never fully convinced and didn't buy back in :-(

Looks like I was wrong.

GLA.

[shortarm] 21/6/2019 09:56

Time for that G&T matey!

[deanmatlazin] 21/6/2019 09:51

Heading for 3p. I hope Salinbas result next 2 weeks exceed expectations and I am confident of it.

[jc2706] 21/6/2019 09:50

CrossfireCSSF,

I agree about the taxi drivers. But there are other warning signals in individual shares, the most obvious being discussions about which Ferrari they are going to buy. The number of times I have seen that discussion crop up just before a top!

[jaynesdad] 21/6/2019 09:49

2.49 to buy. Getting the ice out of the freezer....

[jc2706] 21/6/2019 09:48

Salt and vinegar! Phew! Too rich for me.

[crossfirecssf] 21/6/2019 09:46

I get you JC. We're on the same page. I'm just trying to convince you that the lights are green for go. I've lost out big in the past however, with a high risk tolerance, so I don't blame you for being cautious. Good luck and enjoy the ride.

[bigglesbingham] 21/6/2019 09:46

Guinness for me

[jaynesdad] 21/6/2019 09:44

As you are maybe aware, I am not prone the overexcitement that some posters here exhibit. However if there is any purchase at 2.5p today I will have an immediate large G&T and a packet of crisps. Probably salt and vinegar.