Ariana Resources Share Discussion Threads

[soulsauce] 23/8/2019 16:36

I really don't know Charles but something ain't right.

Good job I don't hold the amount of shares I used to or I would be spitting venom today at this performance.

[charles clore] 23/8/2019 16:29

soul - what could be more sinister than gold and silver up by integer percentages and this down by 3%

[soulsauce] 23/8/2019 16:17

And further down.

PIs jumping ship for greener pastures or something more sinister?

[mcmather] 23/8/2019 16:15

JC, factual reporting will do me. Yesterday's RNS should have included reference to their still targeting an additional 2.7m ozs in NE Turkey, in addition to the 50k ozs per year alluded to in the RNS.

That they did not mention this just crestes some doubt / concern, which was avoidable.

From a shareholders perspective, the previous 2 RNSs weren't spectacular; yesterday was an opportunity for AAU just to reiterate and highlight that their aims and plans remain ambitious. Why not just add a couple more lines to the RNS re the 2.7m ozs?? It would have taken the author 30 minutes max to get the wording spot on.

[soulsauce] 23/8/2019 16:05

Gold and silver going bonkers this afternoon. AAU down, says it all really.

[jc2706] 23/8/2019 16:01

It does seem to be the dividend payers that are the principle beneficiaries of the share price rises amongst the gold miners. I recall that AAZ was around 40p when it announced its intention to pay a dividend. It hasn't looked back.

[dixi] 23/8/2019 15:55

So if AAZ had similar number of shares to AAU in issue their price currently would be around 15p. That would work for me with AAU. Dream on!!

[dixi] 23/8/2019 15:52

AAZ is currently around 9x the market cap of Ariana.

[thanksamillion] 23/8/2019 15:51

Gold up 1.3%, AAU down 3%, 300k sell triggers drop, 335k of buys triggers zilch.

You couldn't make it up.

One day Rodders.

[jc2706] 23/8/2019 15:12

'Optimistic' reporting tends only to have a short term positive effect and then it becomes a negative as people begin to think that the BoDs are over egging the pudding. I much prefer conservative statements that result in over delivery.

That said, I think that there was a lot of enthusiasm around Salinbas in the hope that it is another Hot Maden. So far that doesn't appear to be the case which has resulted in disappointment. However, the Salinbas story is by no means over and this will continue to develop over the years. It is worthwhile remembering that even now AAU has a comparable amount of gold in the ground to AAZ.

[soulsauce] 23/8/2019 14:25

Charles may be.

dixi I think we all think this ought to be trading at 3p plus given the current gold and silver price and may be 3 to 4p once the loan is paid off if they can maintain production.

I was hoping for a factor of 10 with Salinbas but that has been quashed by the recent rns.

Optimism is not out there at the minute imo. This conservative reporting s not going to win it back either. Been saying for long enough something had to change.

If in the spring someone had said this is going to be trading at 2p with gold at $1500 they would have been laughed off the BB and rightly so, yet here we are.

[charles clore] 23/8/2019 14:19

dixi - I think most of us here would have sold if we thought AAZ was going to perform the way it has whereas in reality I invested here because I believed (and still do) that AAU could copy AAZ. You pays your money and takes your choice, as the saying goes.

[dixi] 23/8/2019 14:16

So if AAU was perceived as being more of a worthwhile investment, any consideration as to what price this ought to be trading at? Any thoughts on possible future pricing, can AAU increase by a factor of 10. Or is the too much of a challenge? Is the optimism still out there?I note that AAZ is still doing the right thing for investors. Shame I sold that a while ago and moved the proceeds to here! More the fool me!

[charles clore] 23/8/2019 14:15

So, we are back to the question of a dividend (hopefully to be announced in the near future). A small share of profits going to ordinary shareholders would, imho, perform 2 functions: a) provide a reward to long term holders and stop the terrible disillusionment exodus that plagues our shareholder base and b) align the bod and shareholder objectives to the same paradigm i.e. to have a profitable company that serves its shareholders as well as its operations.

[soulsauce] 23/8/2019 14:03

At the end of the day JC interest and volume has to come from somewhere if we are going to progress to levels we all think it should be.
That interest at the moment is only coming from PIs but unfortunately it is a slow drip in the opposite direction as more and more come to the conclusion their money may do better elsewhere.
The style of rns we are seeing from the company currently is not going to redress that.

[soulsauce] 23/8/2019 13:32

You mean like PIs have here.

[jc2706] 23/8/2019 13:26

I would further add on the institutional support point that the BBs for some miners that I am invested in are wishing they didn't have them as they are the ones that have trashed the share price. Be careful what you wish for.....

[swallowsflysouth] 23/8/2019 13:14

On the positive side there is a very old saying 'no news is good news', which basically means if there was bad news we would have heard about it by now. I think it originates in James I times.

[jc2706] 23/8/2019 12:22

I confess that I am not looking for institutional investors. This is a small gold miner. Most institutions wouldn't go anywhere near it. There are many bigger miners that have virtually no institutional base and I don't see it as particularly a constraining factor. There are many examples of share prices rising 10, 20, 30 times with no institutional support.

[soulsauce] 23/8/2019 12:05

No point hoping bigglesbingham. They have had long enough. Kerim hired them to do a job, they have abjectly failed in doing what they were brought in to do so why are they still around.
It is hard to argue against Kerim being complicit in this keeping your head below the parapet mentality.

[bigglesbingham] 23/8/2019 11:59

I really can't see that and truly don't believe it. There's no logic in doing that. KS and MDV are two of the biggest shareholders, the lower the market cap the more chance of being taken out. I just think they hope that PG will pull their finger out of their ....

[soulsauce] 23/8/2019 11:54

Charles that is similar to what Plasybryn is saying but if it is the case it's a poor show.

One of the priorities for a BoD is returns for shareholders. While it is listed it is owned by shareholders and not a lifestyle company for him and his employees.
If that is happening to any extent he is doing everyone on here a massive disservice, especially those that have followed him with big money.

When you list it is a hazard you take in to account and it's not for the BoD to hamper market forces.

[charles clore] 23/8/2019 11:49

soul - perhaps the bod doesn't want the share price to rise. That might explain why they are weak on promotional activity and won't change their broker. The only disadvantage of this would be for a predator to 'discover' how bloody profitable the company actually is!

[soulsauce] 23/8/2019 11:36

Hard to argue with any of that Charles except to say their technical competence is matched by their promotional incompetence but that still does not excuse the share price being back at 2p.
The company should be garnering investor support but this conservative approach does not work.

swallowsflysouth cloudy water indeed and that is what is most depressing, along with the share price of course.

Hopefully the interims may provide some clarity next month.

[thanksamillion] 23/8/2019 11:23

D I V I D E N D S!!!!!

They don't have to be any more expensive than a PR company's charges.