Ariana Resources Share Discussion Threads

[cinoib] 25/6/2019 13:55

Charles clore RB has a max charge of £95 so I don't know where you get your 3200 from, they also get you a better price than you can online, so for the extra cost you save or get back that much more, so well worth the cost and you always get what you want as far as quantity is concerned, because if not online then they will ring it through.

[bigglesbingham] 25/6/2019 13:50

With this consistent buying I can see support being made and think my prediction of 2.5-3p by end of June ain't looking too far off! Happy days. Just for record I said 5p end July if salinbas shows significant mineralisation .

[bigglesbingham] 25/6/2019 13:25

Yes but one of the golden rules taught in business degrees etc is you would max debt option if it's reasonable rate and utilise monies within the business because if you couldnt create better returns for shareholders by using the money within business then why are you in business atall??

[drh3] 25/6/2019 12:43

I guess the funding option for Tavisan will also depend on what the JV partner proccea want to do?

[shortarm] 25/6/2019 12:42

Anyone selling now is just allowing someone a slightly better purchase price... For a little while...

[bigglesbingham] 25/6/2019 11:51

Bottom line is the choices are now there! Similar to having all players fit who do you play .

[mcmather] 25/6/2019 11:44

I think they were due to pay off the loan at a monthly average of $1m between April 2019 to April 2020. If gold went up to $1500 self-funding Tavsan might be achievable whilst still being able to fund the same amount of explo as per this year. Mainly just a thought out loud but all a tad promising.

[charles clore] 25/6/2019 11:16

mcmather - the dilemma facing management from next Spring is what to do with the enormous cash pile. And the rising gold price will exacerbate that with $2.5m extra for every $100 rise in gold (at the current rate of production. Oh dear, what a to do! So with that extra money should they fund new mines and ventures, explore Salinbas more extensively, give some back to shareholders as a dividend or all 3?

[bigglesbingham] 25/6/2019 11:10

Would rather fund by debt and use the cash thrown off from kiziltepe for exploration which is likely to have a better impact on share price.

[mcmather] 25/6/2019 11:02

If gold continues its rise could Tavsan ($20m?) be funded from Kiziltepe??

[charles clore] 25/6/2019 10:54

I'm really enjoying the price action here. Not seen anything like this kind of movement with AAU for many moons. Always thought it was possible - just a case of buying and patiently waiting.

[1candc] 25/6/2019 10:45

Analyst Naeem Aslam of Think Markets is confident that gold will keep climbing.

He thinks it could soon hit $1,550 per ounce, up more than another hundred dollars.

Why? The tensions between the US and Iran are one factor, as is the weaker US dollar (which pushes up the cost of commodities priced in $).

But there’s another reason. The boom in bond prices means more debt is only offering a negative yield (ie, you actually lose money by holding the bond until it matures). In that environment, gold looks more attractive.

Aslam writes:

An important factor which investors should be paying attention to is the correlation between the gold price and the size of the negative-yield debt. The chart below shows that there is a strong correlation which means that the gold price rises as the size of the negative yield debt increases.

This makes perfect sense, of course, no one likes to have negative yield debt. The safer bet is the shining metal. Given the current monetary policy adopted by the European Central Bank and the Federal Reserve bank, it is likely that the gold price may actually touch $1550 in the next few months.

[charles clore] 25/6/2019 10:08

RB seem a bit expensive imo when I can trade £40k of stock for £3.50 with interactive (RB would be at least £200).

[cinoib] 25/6/2019 10:00

Parvo, change your broker to Redmayne Bentley then you will get what you want.

[charles clore] 25/6/2019 09:45

Thanks - yes really it's true!

[shortarm] 25/6/2019 09:32

Not safe to trade this one at the moment!Much different to recent times!!

[goldenshare888] 25/6/2019 09:31

Not many tempted into selling this for a paltry 2.4p I see.

Who can blame investors for holding onto all their shares in AAU!

I hold for 10p minimum and that excludes any Salinbas premium which could be multiples of 10P......


:-))))

[ileeman] 25/6/2019 09:08

Tried adding 250k but NT, bit annoying because I had an order at 2.388p yesterday into close but decided not to take it.

[parvo] 25/6/2019 08:53

Very annoying; I can't buy any AAU via Barclay's!!!

[charles clore] 25/6/2019 08:52

Here's an interesting video promoting silver which is currently over 90 times cheaper than gold. iLeeman thinks it will follow the gold bull at some point and I think it will happen soon. AAU produces a lot of silver so a lowering of the g/s ratio would make quite a difference to the bottom line.

[xow98] 25/6/2019 08:11

Gold 1,433

[ileeman] 25/6/2019 07:44

Gold soaring.

Silver will follow at some point.

[catsick] 25/6/2019 07:43

Dual listing is a waste of money, these guys run a tight ship and won't want to waste any cash,