Ariana Resources Share Discussion Threads

[loafofbread] 15/10/2019 07:51

Production Q2 2020?

[dixi] 15/10/2019 07:42

Aye, business as usual.

[soulsauce] 15/10/2019 07:29

Good news folks. Good luck all.

[plasybryn] 14/10/2019 22:03

Found this on twitter- AllianceBE Confidence in Turkey-You won't have seen this in the news but the car makers are abandoning the #EU in droves.Volkswagen has just rejected the EU to open its new £1 billion factory in Turkey with 5000 new jobs and 10,000s in the supply chain. And it blamed EU rules.

[backmarker] 14/10/2019 17:32

hmmm, I'll have to recalculate those Elliott waves.

I do think that the Turkey-Kurds conflict has weighed on sentiment here. It introduces uncertainty which is always a downer.

I remember Centamin weakened when there were troubles in Egypt a while back. At the end of the day the troubles subsided and Centamin, which I believe had just carried on mining through it all, was re-rated.

I suspect a similar result will happen with AAU.

whether things will normalise quickly enough for 3p by Xmas we must wait and see.

however I think that as we get closer to final debt repayment next April that will provide the support needed to get past 3p.

[win2003] 14/10/2019 17:00

Could well do so, do we see a lift in AAU price when sentiment in Turkey is positive over the last twelve months? Might just about imagine one with a bit of effort. The very recent pattern of IDTK and the AAU trace look quite interesting but what do you think?


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[charles clore] 14/10/2019 16:50

win - I think you'll find that ETF tracks the Turkish stock market.

[win2003] 14/10/2019 16:39

Think I'd expect the ETF to comprise a selected group, with the expectation of being a good (resilient?) investment - the details will be on the iShares website.

For what it's worth, I think the reversal of Ariana's share price is more due (but not entirely) to the pause in the march of the gold bull, very similar graphs can be found throughout the gold mining companies, and the Goldminers ETFS like GDX and GDXJ.


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[charles clore] 14/10/2019 16:00

win2003 - what are you trying to compare here, the entire Turkish stock market vs AAU?

[win2003] 14/10/2019 15:17

IDTK is the epic for a Turkey ETF which might give some insights into the volatility and so on of Turkish share market. A comparison of its chart over the last 12 months and AAU's might be interesting.


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[thanksamillion] 14/10/2019 14:56

Chill, the numbers will win in the end.

[plasybryn] 14/10/2019 14:04

Does anyone know of any other listed Turkish share and how they are affected?

[1candc] 14/10/2019 14:00

Shock! Horror! CC using the W word!

[5huu] 14/10/2019 13:31

I think that's a very fair appraisal JC.

[jc2706] 14/10/2019 13:10

You cannot ignore it when the geopolitical situation changes. It doesn't have to directly affect the company but sentiment to the entire region inevitably deteriorates and the market will factor in an increased risk. That does not in any way mean that the company has suddenly become bad overnight but the risk/reward has shifted. That said, these are the type of situations that can create opportunities. The real question is whether the situation escalates and becomes long term or whether this is short term. I suspect that the impact will be relatively short lived and the gold price will be a far greater influence going forwards.

In terms of support, I would expect pretty decent levels around 1.65p ish.

[5huu] 14/10/2019 12:58

If the Turkish Lira falls, then production costs fall and margins in dollar terms rise. This is Gold, we are talking about. People would do well remember that and with their close relationship with Russia, Turkish gold producers have very limited down side provided their assets & infrastructure remains undisturbed.

[1candc] 14/10/2019 12:52

You do love your doom mongering don't you?

[the_debt_collector] 14/10/2019 12:30

Talk of sanctions on Turkey from the US, the EU will probably follow.

Who would want to risk investing (or having money invested) in Turkey right now?

No wonder AAU shares are falling.

Revised target price 1.25p - chart looks appalling BTW

[jaynesdad] 14/10/2019 10:44

In total agreement Dixi. It is easy for us to moan about our plight as investors, but realistically we know the risks. Hopefully this will prove to be only a blip (and that common sense appears and international arbitration steps in pretty sharpish). I care about the 'staff' - the ordinary folks who work for AAU, so I am pleased they will still get paid. Giving them a decent crack of the whip not only ensures good relations and productivity at the mine(s) but their decent treatment is surely also instrumental in continued good relations with governmental authorities on which AAUs' progress depends.

[goldenshare888] 14/10/2019 10:33

Thank you C.

Good luck to all.

[dixi] 14/10/2019 10:22

Plentiful gold exists in less than stable regions, just the way it is. AAU, like many businesses in Turkey will continue to function. The staff and board will still get paid. It is investors in the UK that suffer the hardship. I haven't seen anything to suggest AAU actually support this military action. An investors ethical decision can be theirs alone, but an investment in AAU is clearly not a sign of support for this conflict.

[cinoib] 14/10/2019 10:06

Goldeshare, Right on the money, you did the right thing. Investors here seem to think Turkeys problem isn't AAU well am afraid it is and it is like that all over the world. Good government means stability and safety for those company's working there. unstable governments, such as Turkey's scares people off and that is AAU biggest draw back and won't improve with a mad extremist hell bent on ethnic cleansing at any cost in power.

[supercity] 14/10/2019 10:05

Turkey may have provided a reason to drop the price here but my 1.8p buy target that I said I felt would come 6 weeks ago is getting ever nearer.The only concern I have (as I believe the company is doing all the right things) is that the 12 month chart has a horrendous gap back to the lows if 1.8p doesn't provide support.The last two times it dipped below 2p it bounced back strongly so today will be interesting.

[charles clore] 14/10/2019 09:49

Despite the panic the fundamentals remain the same. I see this as a heaven sent opportunity to accumulate