Ariana Resources Share Discussion Threads

[charles clore] 17/7/2019 17:35

Dibs - could it be because it's grossly undervalued?

Worth a gander

[dibs61] 17/7/2019 17:19

Anyone know why gold suddenly spiked higher?

[ileeman] 17/7/2019 16:54

I would argue given weather they have performed exceptionally well, rate is at all time highs which is nice to see.

Gold moving higher.

[jaynesdad] 17/7/2019 16:46

As discussed the subdued production is not surprising although the increased silver production is. The latter will help costs and average price, though since gold is sold throughout the quarter at spot price, not at the and of the quarter, we can expect fairly subdued financial result (quarter on quarter). Last 2 RNS' are not as bullish as we have come to expect, it is pleasing to see the lack of negative reaction in the share price There is some strength at this level.

[graylyn1] 17/7/2019 16:14

looking good Houston! beep.

[ileeman] 17/7/2019 16:14

Gold 1421 trending near multi year highs, suprised muted response in AAU so far.

Gold will soon be $1500 imo, Silver towards $20.

[charles clore] 17/7/2019 16:05

backmarker - last time I looked advfn has it as gold up 0.9% and silver 1.8%

[bigglesbingham] 17/7/2019 16:02

That leverage three time silver play is looking better

[backmarker] 17/7/2019 15:57

gold up 0.5%, silver up 1.2%

[charles clore] 17/7/2019 15:54

Silver is quite important to the bottom line and yet it is often overlooked. Because AAU produces (extrapolating Q1 and 2) over 330k oz p.a. it means that for every $3 rise in spot silver the company makes an extra $1m a year. Nice one!

[ileeman] 17/7/2019 15:52

Gold flying now.

[ileeman] 17/7/2019 15:28

Silver blitzing higher, gold moving higher.

Does the market realize AAU produces silver? xD

[charles clore] 17/7/2019 14:44

Heyo Silver!!!

[bigglesbingham] 17/7/2019 09:43

Back at 7000 with gold above $1400 therefore gold equivalent towards $1500 - $1600.

[mcmather] 17/7/2019 08:58

Bit like the Salinbas RNS; not overly spectacular but all seems on track; metallurgical recovery rate increased this quarter and this quarter's production is still above 2019 guidance of 25,000oz au:

Q3 2018 - Plant feed 4.91g/t au - gold produced 7,556oz.
Q4 2018 - Plant feed 5.23g/t au - gold produced 7,517oz.
Q1 2019 - Plant feed 4.83g/t au - gold produced 7,296oz.
Q2 2019 - Plant feed 4.16g/t au - gold produced 6,438oz.

Open Pit - mined grade Q2 2019 was 4.59g/t au so hopefully Q3 2019 might be back above 7000oz??

[charles clore] 17/7/2019 08:41

biggles - I think you are right about the range of options increasing after next April. Already the company is demonstrating when it has the cash it doesn't spare the horses on drilling and I expect this kind of positive thinking will continue.

[bigglesbingham] 17/7/2019 08:41

The nice thing about Ariana is it's being ran solidly with fundamentals becoming stronger by the day. This means the share price will gradually reflect these improving fundamentals without the huge volatility the speculation companies endure. Some may not like steady rises but for larger holdings it suits.

[thanksamillion] 17/7/2019 08:35

Gold produced is down 10% on same period last year, however pog is up around 15%. Increased Silver produced q2 is of little financial consequence. Onward and upward then.

As previously noted the message from Kerim's video that most caught my attention was " we need to think bigger".

[bigglesbingham] 17/7/2019 08:33

Solid results again the smaller investors selling into news which is to be expected here. Hopefully with the price of gold increasing last quarter albeit at the end the income won't be to dissimilar to precious quarter. On a different note if tarsvan is funded by similar debt structure to kiziltepe, then the repayment will only occur when tarsvan is producing thus the cash from kiziltepe will be significant from April and available for all projects and will give the company huge options any views??

[soulsauce] 17/7/2019 08:31

Higher gold price should have off set much of the drop unless costs increased.

[charles clore] 17/7/2019 08:22

A good performance under less than ideal conditions. Interesting to note that production of silver is almost double that of the same period last year with silver looking about to break out of a 6-year trading range.

[ileeman] 17/7/2019 07:57

Great business being run, even in heavier rainfall they are at record movement rates, should only increase once rain slows down.

"We are very pleased to report strong second quarter 2019 operational performance at Kiziltepe, including one of the highest material movement rates in the mine's history. Gold production during the quarter was again above target, although operations continued to be constrained by the pushback underway on the southern wall of the pit. Careful stockpile management through the period enabled mill throughput to be maintained according to guidance. While a pattern of unusually wet weather has continued even into July, progress on pit development has been continuing at pace and material movements have increased further."

[ileeman] 17/7/2019 07:26

Solid results, nice.