Ariana Resources Share Discussion Threads

[soulsauce] 21/8/2019 09:38

You should note 'mine development', 'potentially' in 2020. I would doubt we will see any gold produced from Tavsan before mid 2021 and that is without further delays as it just keeps getting pushed back.

Hopefully in the short(er) term we will increase production by installing a second ball mill at RR and using the ore from Kizilkucur and Irvindi.

[thanksamillion] 21/8/2019 09:28

soulsauce.

From Chairmans statement in last years FINAL RESULTS FOR THE YEAR 31 DECEMBER 2018.

"We remain on schedule at the Tav an Project to complete the formal Environmental Impact Assessment ("EIA") submission to the authorities during late 2019, following which the feasibility study will be concluded in line with the requirements of project finance and final permitting. This will potentially lead towards the commencement of mine development during 2020. This will enable the Red Rabbit Joint Venture to increase its current annual production rate of 25,000 ounces to an expected 50,000 ounces of gold per annum, which in turn will influence a positive re-rating of the Company's market valuation. "

I did say 2021 - two years.

[jaynesdad] 21/8/2019 09:25

Shortarm, good point but don't forget the adjustment for JV! Assuming POG retains its increase the bottom line would benefit by half that amount.

[soulsauce] 21/8/2019 09:17

Thankamillion how is production going to double next year?

[shortarm] 21/8/2019 08:33

The rise of gold from 1250 to 1500 adds nearly seven million dollars to the bottom line (27k ounces)!Where is that in the share price!

[loafofbread] 21/8/2019 07:43

Lets hope for a bit more volume today?

At least the seller took a day off as well.

[charles clore] 21/8/2019 01:36

Backmarker - those selling prices seem a long way off now, but then again you never know

[backmarker] 20/8/2019 20:30

well I guess we all like rollercoasters. they let you know you're alive.

personally I'm what you might call a cautious opportunistic trader. I might have sold some recently at 2.6p had they got there - in the hope of buying them back cheaper. I would definitely have sold some at 2.8p. I considered selling some at 2.4p but cautiously thought they wouldn't fall far enough to make a decent profit.

so I did nothing and look for the next upswing.

will I sell a few if they hit 2.5p, or wait until 2.7p ?

then again,.........

[bigglesbingham] 20/8/2019 20:19

I agree with your sentiments , but the nature of investing is the gamble and the unknown. We can do all research in world and sometimes it pays off and sometimes it smacks you in the face but it's fun waiting for an rns. There was a comedy sketch done once of soldiers in a bunker waiting for an rns it was hilarious but ain't seen it for years.

[jaynesdad] 20/8/2019 17:19

Nope Charles, but I have traded unintentionally a couple of times! I decide to sell, see the share price drop 15% then think 'well may as well buy back then'. I sleep at night backmarker because I believe AAU to be undervalued so well underpinned at the current level....well at least I normally sleep well except that I currently have an appalling cold and I wake up on the hour, ever hour! That doesn't stop me being frustrated at AAU. I would be far less likely to sleep if I held other perennial favourites like SXX.

[charles clore] 20/8/2019 16:26

Aha! has back marker hit the nail on the head? Are we all traders here?

[backmarker] 20/8/2019 16:08

unless, of course, you are all closet shortterm traders !!!

when every little tick needs to be analysed and worried about.

[backmarker] 20/8/2019 16:06

you guys make me smile. just how much confidence do you have.

you confidently post lots of good reasons why AAU is such a strong buy, then you behave like worryworts when the share price doesn't immediately behave as you think it should.

if you think AAU is worth, say 4p sometime next year, based on your prediction/expectation of the company performing in a particular way, then as long as the company continues to perform that way and reaches 4p next year it doesn't really matter what the share price does in the meantime.

so what are you all worried about ?

if your holding in AAU - or any other investment for that matter - is keeping you awake at night, then it means you have taken on too much risk and you should sell down to the level at which you CAN sleep at night.

[jaynesdad] 20/8/2019 13:33

Markets been open for 5 1/2 hours, and one single reported transaction for £500. This really is a forgotten share. I suppose it gives a chance to build a position while good news keeps coming, but it is getting daft!

[soulsauce] 20/8/2019 12:43

No problems CSSF.

I guess we all do the same JD and surprised to keep drawing a blank.

[shortarm] 20/8/2019 11:49

I do exactly the same - except it's 08:00 in abroadness land.....

[crossfirecssf] 20/8/2019 11:16

I did indeed Soulsauce, thanks for the correction.

[jaynesdad] 20/8/2019 09:49

Every morning at 7 I excitedly log in to see if there is an RNS. And every morning I seem to utter a single word. Boo! Maybe tomorrow......

[soulsauce] 19/8/2019 16:17

CSSF did you mean the transfer of material from kizilcukur? Tavsan will have it's own processing plant and a long way off transfer of any material from there for finishing.

[charles clore] 19/8/2019 15:58

That Turkish pension fund helping out British Steel is bound to help on the political side too.

[jaynesdad] 19/8/2019 15:00

We'll see crossfire. I cant get over the feeling that we have a company which is essentially in 2 parts here. We have a nice mature little production operation in the West, which can hopefully be extended to a further 8- 10 years of continuous revenue generation. It is that operation that constitutes that majority of the current share price Then there is the exploration operation in the NE, which although promising (and potentially huge) is much harder to pin down, and returns look an awful long way off

[crossfirecssf] 19/8/2019 14:48

Meanwhile the cash is rolling in in bucket loads and we're ever closer to full pay-off of the loan. Imminent transfer of material from Tavsan for process at Kiziltepe. Gold will probably make a healthy correction, but the silver / gold ratio is closing which is a significant positive, and points toward the continuation of the resumption of bull moves in the PMs.

The one remaining worry is geopolitical, but they appear to have a good relationship with the govt.

If things start to go wrong I'll be one of the first to begin moving towards the exit, but so far, there's been not even the merest hint of an issue which might give cause to take even half a step in that direction. Quite the contrary.

There may have been some confusion regarding the twitter shots of gold mineralisation at Salinbas as a few have noted on here, but okay, short-term hair-trigger investors have come and gone. Good riddance. Fundamentals and sentiment are THE drivers, and they are both looking extremely strong. DYOR but I continue to hold without the slightest hint of anxiety. Great things come to those who wait.

[jaynesdad] 19/8/2019 14:34

Sadly true Soul. Feel fairly comfortable as can't see much downside beyond 2p unless Gold itself tanks. I am thankfully reasonably in profit so I don't mind waiting, in particular for next April and Tavsan development - I think that combination, both of which are pretty nailed on (unless there is problem with the EIA at Tavsan), should see the share price comfortably north of 3p. All imo of course, and I think I am probably being conservative with that share price target.