Ariana Resources Share Discussion Threads

[jaynesdad] 14/10/2019 09:36

The situation in Turkey is not the fault of the company, who I believe to be led by decent individuals. Furthermore looking at the company itself it provides employment in areas where there are few well paid jobs, and is not in anyway immoral. They are just a small miner. I don't think anyone knows what is going on in Syria - lots of use of the word 'genocide' by the media but in truth no one seems to know. A lot of politics being pursued by the Turks, the Kurds, the Americans, possibly the Syrians in agreeing to collude with the Kurds on the Northern border. In truth I don't know and the truth will not emerge for some time. So I will neither buy nor sell until the smoke clears.

[goldenshare888] 14/10/2019 09:26

For clarity and as stated previously:

I have sold majority of my AAU holdings (c95% - 2.2p -2.4p range) and only kept a small number of free carry shares.

I have no intention or desire to buy back cheaper as I sold out to bank a decent gain, and declining risk reward ratio for AAU. As stated, there are much better and safer opportunities than AAU in my view.

Name calling from other large AAU holders only confirms my exit rationale (ie: they are understandably sore due to declining share price performance here). As others are saying, the conflict may not affect AAU operations but it certainly puts investors off!

The continual decline since my exit confirms my strategy was right for me.

I envisage things getting much worse before they get better.

Good luck to all holders present and past.

[crossfirecssf] 14/10/2019 06:55

...should they continue to escalate

[crossfirecssf] 14/10/2019 06:54

The bottom line is that the gold is in the ground, they’re continuing to successfully extract it, and at steadily increasing prices...a trend which I believe will continue unabated. Keeping my beadies on other, more serious issues....>

[crossfirecssf] 14/10/2019 06:42

Looked dangerously close to a breakdown to the downside, but that little shift up has kept the trend up and that wedge looking tantalising.

[charles clore] 13/10/2019 18:54

I find the debt collector's penny summary rather misleading for an industry whose business model thrives on global conflict and uncertainty. The price of gold and silver can surely only increase in such circumstances. I see nothing that the US can do to Turkey that will affect AAU profits.

[dixi] 13/10/2019 14:13

Never let the truth get in the way of a good story. Worked for USA plenty of times.

[soulsauce] 13/10/2019 14:01

Yes JD you are right it's not the forum for that discussion.
Hopefully Erdogan's persecution of the Kurds to provide a 'buffer zone' won't affect the good shareholders of Ariana as they deserve much better.

[jaynesdad] 13/10/2019 13:42

Hi, this isn't a political forum so we probably shouldn't go too far down this road. However if seems that genocide, committed by the Turks, is rather an emotive term being bandied about in the press. The definition I can find is 'the deliberate killing of a large group of people, especially those of a particular nation or ethnic group'. If the Turkish government is to be believed this is a military operation to create a narrow buffer zone on the Syrian border, not a deliberate attempt at targeted mass slaughter. I think Erdogan knows full well the weight of International action that would fall on him like a ton of bricks if a genocidal policy was pursued.

[soulsauce] 13/10/2019 13:05

Hi JD yes not just the conference call but the obscured debt amongst other things as stated at the time.

Not Arianas fault the situation with the Turks and doubt it will in any way affect production and may even lower costs depending on how the lira is affected.
However it may stop potential investors as it stopped me reinvesting with the 2p buy order I lifted, especially if this genocide is portrayed honestly in the news.

[jaynesdad] 13/10/2019 12:42

Hi Soul, good to see you still posting. Can't understand why you would sell as a consequence of what was, admittedly, a poorly run conference call. Other than the admission of the second 'debt', the existence of which is justifiable on normally operating grounds but still feels as if it had been deliberately (shall be say) obscured compared to the capital loan, I cant see anything exposed to frighten investors - AAU can't be blamed for Purple Pullovers incompetence other than their decision to employ them! I agree that, though it may not disrupt operations, the conflict and possible sanctions on Turkey could hang over the share price for week or even months. We must hope for positives on production, POG/POS, Tavsan EIA (and rapid review by the authorities), Cyprus, Kizilcukur inclusion in the JV....and Salinbas/Ardala. Re the latter, I hope the BOD will target, permits permitting, some potentially rich veins rather than only the geological model - the latter is clearly important but I think consideration also needs to be given to impact of RNS'.

[jaynesdad] 13/10/2019 12:26

That is a good point dixi. Not only is it peoples jobs but well paid jobs in areas of the country that there isn't much else

[dixi] 13/10/2019 12:09

I guess those that are looking at the political aspect would find reason not to invest in Turkey, whatever the business. But the gold will still get dug up and sold ad far as I can see with AAU. Business as usual - it's people's jobs in Turkey.

[crossfirecssf] 13/10/2019 12:01

Debt collector, you’re so transparent you May as well be a window. ;o)

[jaynesdad] 13/10/2019 11:39

I wasn't aware that the board have expressed an opinion on the Political situation in the last few days. What longs have sold out other than Soul? Any thoughts from other board members?

[the_debt_collector] 13/10/2019 11:26

I see the political situation in Turkey continues to worsen, what will happen to the investment climate if there are financial sanctions imposed by the EU.

I see a few longs have already sold out of Ariana - no surprise at all

This is not a safe investment now despite the BOD suggesting otherwise, they would wouldn't they.

It's heading back to 1p folks.

Sell.

[jaynesdad] 13/10/2019 10:36

All seems subdued here. Any predictions for the coming week?

[8rad] 11/10/2019 21:53

Soul ..Soul!

[rjwoodrjwood] 11/10/2019 18:27

The move below 2p to buy was just irresistible for me today......

[jaynesdad] 11/10/2019 18:01

Charles, well its not me - I have been buying into dips and now seem to have increased my holding of shares by 50% over the last few months. It has to stop and probably put into reverse!

[charles clore] 11/10/2019 17:55

JD - completely understand. We must do whatever makes us feel comfortable. All I would say is thank goodness for the buyer at around 2p hoovering them up!

[jaynesdad] 11/10/2019 17:51

Hi Charles, I'm certainly not exiting, just thinking of shedding a few, maybe up to a third. I have got enough invested here to really hurt if some political situation arose which destroyed value. I don't think that is at all likely, this isn't sub-Saharan Africa where regimes have been known to seize assets, but the current situation does feel uncomfortable. I do have very good confidence in the mid term provided the political situation regains stability.

[charles clore] 11/10/2019 15:12

gs - I take it you no longer hold. Not difficult to detect your change in sentiment lol