Ariana Resources Share Discussion Threads

[jaynesdad] 26/8/2019 16:17

Charles, the thing that I see as a conflict is the fight for that free cash flow. If its used for dividends then that partially starves the exploration funds. We are concerned how quickly the Salinbas area can be explored, and it certainly wont be helped if a big divi is paid. A worst case scenario may be no divi paid, all free cash plunged into Salinbas exploration with no headline grabbing RNS' as a consequence. One thing I would say is that I have sufficient confidence that the management will be aware of this and given their quality will reach the correct decision.

[charles clore] 26/8/2019 15:30

JD - I agree the company could pay a dividend to ordinary shareholders from next year and it would not hurt the company. In fact it would be of great benefit to the company as it would attract a more solid shareholder base which would be able to resist a takeover. Let's face it folks, this company is about to move into a higher profit margin league and needs to be cautious about such issues.

[2tyke] 26/8/2019 13:14

Maths never been my strong point paul !

[8rad] 26/8/2019 12:27

JaynesDad….welcome aboard!

[jaynesdad] 26/8/2019 11:47

I'll rejoin the debate when all the speculation on POG abates. No one knows in my opinion whether it is going up or down, how far, and how long any such movements will last. What will be will be. I have read many, many 'expert' opinions over the years, and one thing they all have in common is that they don't have a clue. AAU produces at c.$400 per oz, a figure I expect to rise over time to about $500 (I think AAUs long term published assumption). Arzu South, and the state of the Turkish economy, was undoubtedly a sweetspot for costs unlikely to be repeated. We would still be comfortably profitable at $1000 gold (which many producers wouldn't be so chokng off the supply side and providing an underpin to POG). Disappointing though the current share price undoubtedly is, I think there is a decent floor under the share price at this level. Changing subjects I have changed my tune on dividends - with decent cashflow from 4/2020 it would certainly not hinder the share price if AAU could join the divi paying club, there are so may companies (particularly on AIM) who don't.

[paul280i] 26/8/2019 11:19

Since when did $1590 + $5 = $1600?

[thanksamillion] 26/8/2019 10:29

I am not taking the article as gospel, it is simply another positive view on golds prospects.

With regard to AAU I am content with the current gold price and the profits derived from it[higher would be even better]. The company is at a stage now where other aspects of the business will be the ultimate drivers of a significant upwards re-rating.

[2tyke] 26/8/2019 09:54

Thanksamillion

My $1590 is subject to plus or minus $5.
So yes...gold is somewhat destined for $1600

Goldenshare your bullishness is completely commensurate with the rising price. This is exactly what we should expect from most market participants as we close in on a major top.

[goldenshare888] 26/8/2019 09:24

New highs in GOLD only a matter of time.

I reckon previous $1900 high will get taken out within 6 months.

[thanksamillion] 26/8/2019 09:14

UBS Says It’s Staying Long Gold as Price Now Destined for $1,600 - on Bloomberg.

UBS
3 month trading range 1,450 - 1,600
6 month 1,600
12 month 1,650.

[2tyke] 26/8/2019 08:46

Yes, i've mentioned $1590 as a likely final top for gold plasybryn.

That's if $1534 is bettered.

[plasybryn] 26/8/2019 02:34

Gold: MA's bullishly aligned and indicators Breaking/Out & into the previous highs looking good for gold according to a chartist.

[bigglesbingham] 26/8/2019 00:41

Improving the fundamentals and also the JV partners may pay a bit more.

[plasybryn] 26/8/2019 00:10

Gold on a charge!!

[bigglesbingham] 25/8/2019 22:25

Are you a regular on president energy bulletin board ?

[dixi] 25/8/2019 21:26

Have you read the gold thread? It's not exactly euphoric.

[charles clore] 25/8/2019 21:23

ok 2tyke thanks for the info it has been interesting knowing you, byeee!

[2tyke] 25/8/2019 21:10

Well dixi the reason is that there wouldn't be any debate.
I'd be ridiculed as being a de-ramping idiot.

By definition. when an asset is close to a major high, everyone is on board and singing from the same hymn book. That's how we know everyone is about to be caught on the wrong side of the fence.

But this bb is very fair and tolerant, and is prepared to listen to the contrarian voice.
But, be honest, does even one single poster think i'm right ?
I'd doubt it.

I've given you the info....it's upto you to dismis it or otherwise.

[2tyke] 25/8/2019 21:00

A few bob

If you mean silver....that also has a little higher to go short-term, before it joins its big brother on the big descent.

[a.fewbob] 25/8/2019 20:39

Hmmmmm,

I guess all of the above makes sense except AG is pretty much still flat on its back!!

[soulsauce] 25/8/2019 20:25

Booooring!!

Quite dixi.

[dixi] 25/8/2019 20:16

Why not take this debate to the 'really useful gold thread'? It is a much busier bb.

[2tyke] 25/8/2019 18:40

Signs of an impending top in the gold price often include:

* complete bullishness on all bb's

* gold financial commentators talking about ridiculous future figures eg, $5000/oz

* central banks buying big.

* governments talking to local gold companies about improved profit-share or even buy-outs.

* fewer gold companies hedging their gold sales going forward....when this is exactly what they should be doing.

* re-emerging talk of gold standards or reserve currency etc.

* larger gold companies subsidising smaller ones with loans or offers for assets.

* gold company directors buying their own stock or considering further loans.

How many of the above can you spot ?

[2tyke] 25/8/2019 18:02

Jaynesdad

Charting works simply because there is 'no' level playing field in the stock market. There is no norm and no linear projection. The stock market is completely counter-intuitive at every turn.....and shrouded in irony.

Although huge stock rises, like that at AAZ, 'seem' to reflect underlying business success, this is really not the case.
Stocks rise and stocks fall. I think I mentioned previously my view that AAZ is also close to a major top...just like gold metal.

Most people have some kind of 'method' for picking stocks....most just don't work.

[2tyke] 25/8/2019 17:29

Yes i'm aware of that Charles.

I was suggesting that the existence of many loss-making gold stocks at higher market caps than AAU was evidence that economics and earnings per share don't really figure as a price driver for stocks.