Ariana Resources Share Discussion Threads

[4dag] 18/11/2019 07:37

Watch the share price and you will find out.

[shortarm] 18/11/2019 07:27

Grade control results 2M at 17.90 grams per tonne - what does this actually mean....?

[pauliewonder] 18/11/2019 07:21

That's a pretty good RNS this morning. Happy to be holding

[4dag] 18/11/2019 07:12

Very good results from the rns, gla.

[bigglesbingham] 17/11/2019 23:40

I understand comments here but if figures are correct it gives me comfort just in case an issue delays or prevents mining for a period

[jc2706] 17/11/2019 20:03

Ore mined effectively has greater value than reserves or resources in the ground buy not full value of the gold contained for the reasons stated (processing costs). I don't think this fact makes a material difference to be honest.

[soulsauce] 17/11/2019 19:44

No Plasybryn happy to sit on the sidelines at the moment until sentiment changes.

Fwiw not having much luck in my others apart from Ptal 🙄

ATB.

[plasybryn] 17/11/2019 18:29

Hope so soulsauce! Out of interest are you back in? You did well to sell when you did and can now buy much cheaper.

[soulsauce] 17/11/2019 18:02

Hmmm not sure Plasybryn.

Good luck for this week all. Should be a big week.

[plasybryn] 17/11/2019 17:57

I agree soulsauce, and you can of course also value miners on gold in the ground. Different values for Inferred, Indicated and Proven & Measured. But stockpiles of high grade ore must hold a pretty big value. I'm not sure what discount should however be applied. I expect there is an industry recognised figure.

[soulsauce] 17/11/2019 17:51

I am not sure how much difference it makes until it is processed and sold.
By the same argument you could say Aau have £xxxx share of gold in the ground it owns which would be a much higher figure. Just because it has been mined and laying in a pile doesn't make a difference surely until it is sold?

[plasybryn] 17/11/2019 17:33

Biggles - that is if cornishknocker's numbers are correct. I think they might be a bit on the high side, but still very significant and don't include other stockpiles I believe we have at other satellites. So yes again even on stockpiles alone our current Market Cap. looks a nonsense imo.

[charles clore] 17/11/2019 17:08

biggles - you might have thought a AAU analyst might have picked that up already!

[bigglesbingham] 17/11/2019 12:03

So our share of the already mined stockpile is worth £7.75m which is 39% of our markets cap.

[plasybryn] 15/11/2019 23:07

This is an extract from an excellent post by cornishknocker on LSE talking about our stockpile. Worth reading his whole post and calculations."Finally the August figures were 43,367 Tonnes mined, 48,312 Tonnes Processed @ 4.18g/t reducing the stockpile by 4,945 Tonnes to 100,112 tonnes at about 4.25g/t (425,476 grams of gold) or just over $20 million".

[bigglesbingham] 15/11/2019 14:56

More of the same performance would be welcome. I feel as debt for cap ex is nearly repaid it will give shareprophets an excuse to tell their punters to buy at 2p with an expectation of 3p but sell at 2.1p!!!!

[plasybryn] 15/11/2019 13:48

Ariana are offering one to one consultations during the day which perhaps is more appropriate for Institutions. But I suspect P.G. know all the likely names and have no doubt arranged personal meetings with the directors probably taking place at the Fund Mgr's office or at P.G's. The expectation that an Institutional Fund Manager is going to turn up out of the blue, unaware previously of the story at a predominantly retail (private) shareholder event, is in my opinion very unlikely. It happens with FTSE 100 Co's but very rarely with AIM. But lets see what happens. If the news beforehand (next week hopefully) is so new and so important, perhaps Analysts and I.Investors might be tempted out. Perhaps personal invitations have been issued to try and get them to attend. More of the same, as I have said before, is largely a waste of time. There has to be a new twist.

[bigglesbingham] 15/11/2019 13:10

We'd be complaining if they never did any presentations though. I agree a few institution need to be present. Won't start on about Panmure Gordon again.

[crossfirecssf] 15/11/2019 10:51

They need to get the story out to the big players no matter how few. Very much a quality over quantity strategy needs to be employed. Having said that, that applies to the impatient among us. If they continue to under promise and over deliver, the market will reward and the fundamentals will win the day. It may take a little longer, but that's a positive for those accumulating.

[crossfirecssf] 15/11/2019 10:49

That's my understanding, whatever that's worth. In a closed period, the same regulation which prevents directors/employees buying shares for a period running up to potential share price relevant news applies.

Giving shareholders, however few news before a release would I believe leave them open to substantial fines for effectively being complicit in inciting insider trading.

[soulsauce] 15/11/2019 09:59

If there is nothing much new to discuss I don't understand AAU going down the same route in appealing to a room full of PI's that probably already hold and know most of what is happening.
Hopefully they will get institutional attendance with a willingness to invest.

[8rad] 15/11/2019 09:54

I think most patience is about to snap...if you get my drift.

[jaynesdad] 15/11/2019 09:45

yes, I think you are probably right.....people attending will just have to ask the right loaded questions and watch for facial expressions! Any poker players amongst us, or is it only patience we are good at?

[charles clore] 15/11/2019 09:35

I agree biggles. As I understand it any news that is price affecting has to be released in the public domain, not in a closed meeting.

[bigglesbingham] 15/11/2019 09:23

Something tells me no. It gives people an unfair advantage in terms of calculating assets preparing for a buy when market opens. They've had 12 hours to digest and assimilate the news and implications everyone else reliant on rns has had max an hour. I may be wrong but there is a definite advantage to know info for 12 hours before market open than one hour. Just my opinion but don't you agree??