Ariana Resources Share Discussion Threads

[excellance] 02/1/2020 16:27

If you like small gold miners, you may like RMM as a recovery play.

They operate a copper/gold mine but development costs overrun meant they had to refinance last year, and replace management too. This means the shares are recovering from fire sale levels, yet the mine is now operating well with record throughput and higher grades, and copper and gold prices have risen too.

Spectacular copper grades and excellent gold grades too, better than most gold miners in fact.

Worth a look if you don't mind me saying.

I have a holding there too.

Both ALTN and RMM made losses last year but both should report profit this year, at least I hope they do.

[soulsauce] 02/1/2020 16:07

Cheers excellance.

[excellance] 02/1/2020 15:56

ALTN are an interesting small gold producer in khazakstan, where they have recently raised $27m via a low interest loan and bond sale.

Production should improve significantly during this quarter thanks to purchase of two vehicles, and they aim to develop their deep mine.

There are a couple of threads, but chip on the goldbridge thread is a compendium of knowledge on the history and a formidable bean counter too and loves number crunching.

I have a small holding there.

[soulsauce] 02/1/2020 15:46

Any of you guys looked at Altn. Would appreciate your views?

[soulsauce] 02/1/2020 15:45

Well that answers the 16.22m. MdV and his missus moving shares around to benefit them.

[excellance] 02/1/2020 15:21

And you average half a post a day over fifteen years ya halfwit

Unbelievably you have a whole follower too.

Must be even thicker than you presumably.

Enjoy your solitude in the hermitage..

Lol

[thanksamillion] 02/1/2020 15:09

At an average of 17 posts per day over the last 10 years our new guest is going to be far too dreary and predictable for me to bare going forward so have reluctantly used the filter button.

[excellance] 02/1/2020 14:57

Seems to me that precious metals generally are doing great as we enter bojos new golden era.

Base metals struggling a bit today.

[shortarm] 02/1/2020 13:45

Yes, a hundred bagged on an investment could be considered good.....What's a hundred times the 30 million soon to be invested? :-)

[excellance] 02/1/2020 13:43

Indeed, getting rid of the lithium investment when they did was a good deal. Delighted they aren't still holding it.

[backmarker] 02/1/2020 13:35

except that gold may have just hit the up-ramp and is about to do a cartwheel....

[backmarker] 02/1/2020 13:33

groundhog day ?

[mcmather] 02/1/2020 13:17

Lithium back up then...

The MMs have been creaming it these past few trading days.

[charles clore] 02/1/2020 13:13

Enter stage left the buyer with a big mop!

[bigglesbingham] 02/1/2020 12:50

They bought a stake at $35000 and sold for $3.5m not bad for a pile of ......

[rathean] 02/1/2020 12:40

Yep, added a few more at 2.39 earlier. Now my 4th largest holding.

[charles clore] 02/1/2020 12:35

Pitiful volume for a stock that, by rights, should be about to multibag!

[soulsauce] 02/1/2020 11:43

Nicely backmarker thanks 👍

[backmarker] 02/1/2020 11:34

and one for soulsauce....

[mcmather] 02/1/2020 11:04

Why the drop? Has the price of lithium dropped?