Ariana Resources Share Discussion Threads

[mad foetus] 16/1/2020 15:23

Right, let's see how far this can go now then

[plasybryn] 16/1/2020 14:38

Well Charles since around mid October last year there has been a nice steady upward trend with generally higher highs and higher lows. We don't want spikes as gaps get filled, so this nice steady as she goes upward drift with periods of consolidation is just fine by me. As you say so long as the buyers overall stay in control this trend will continue and there is plenty of meaty news (fundamentals) to help it along the way. I always like to see the Moving Averages lined up in the right order, which they have been since the end of the year. A hardening gold price will underpin the trend as well hopefully.

[charles clore] 16/1/2020 14:20

Hi plas - I must first of all say that I am no charting expert. I do it because I enjoy trying to see into the future and then watching my predictions come true (well some of them anyway). I share the charts partly because I am hoping someone will comment and maybe correct me if I'm wrong and partly to share with others.

Today I have taken a snapshot of the chart using 1-day candles and it's very interesting that for the past few days the price has been supported by the 21day MA. This is exactly as I would expect for a stock that is bullish and about to leave the launchpad. You can see how the wicks (the long tails on the candles that show the extremities of the days prices) reach down almost as if in desperation trying to break through the 21 MA but the buyers are defeating the sellers at the moment and I think this will continue. ANyway it's all a bit of fun and I hope people don't mind me posting them but NAI and please dyor

[thanksamillion] 16/1/2020 14:19

From the MOU RNS

" The proposed joint venture would be subject inter alia to due diligence, entering into binding agreements and shareholder approval, no later than the end of February 2020. "

So if they are expecting Shareholder approval by end Feb, we should be hearing on the deal in the next 2/3 weeks as shareholders approval will need three? weeks notice before the vote.

[bigglesbingham] 16/1/2020 14:01

Don't disagrees with that and market beginning to take notice. A firm support building between 2.4 and 2.6

[oilbuy] 16/1/2020 13:09

Sentiment just keeps growing along with the cash pile. With Gold in focus and heading for $2000 AAU is exceedingly well placed in my opinion.

[bigglesbingham] 16/1/2020 13:06

Me too on basic the debt is practically gone and I believe there have been no adverse findings from either party to date.

[oilbuy] 16/1/2020 13:00

Can see a move north over the next few days.

[bigglesbingham] 16/1/2020 12:12

Yea was dyslexic now ko

[thebradski007] 16/1/2020 11:28

Do you mean EUA

[bigglesbingham] 16/1/2020 11:27

Short termers as I describe them play this share well but soon I believe there will be a sharpe spike and some will miss out on the uplift. I think this could be quite a ride on a par with EUR and a few more EUR holders are appearing everyday .

[mad foetus] 16/1/2020 11:11

MMs don't want to let them go cheap though, back to 2.6 quickly. And I note my buy still not reported

[backmarker] 16/1/2020 10:55

wish I had some cash on hand.

this looks like an incredible buying opportunity.

[mad foetus] 16/1/2020 10:45

Well done to anyone who kept their powder dry and is buying now

[bigglesbingham] 16/1/2020 10:17

No not at all pal the school boy would be aimed at any director reading the board ha ha. I'd never be that harsh ?

[soulsauce] 16/1/2020 10:14

bigglesbingham I assume the school boy jibe was aimed at me as I brought it up (bit harsh), but my comments were not a slight at the company. I was alluding to the fact that once the JV is concluded and the Zenit coffers are 'realigned' there should be a nice windfall. May be I didn't word it very well.

[bigglesbingham] 16/1/2020 10:12

Just some short termers selling into a positive news flow. This has negative effect on shareprice cod so little is traded. Conversely however think of what happens is MOU becomes JV and interest raises and Panmure Gordon get some institurional interest which I believe they will then not beyond realms of possibility to see a multi bagger from here in a short space of time!!!

[bigglesbingham] 16/1/2020 10:08

One of the reasons kizilckuk has not be brought into the mine is that the grades have been holding up so well. When the grades come off to an extent where grades from kizilckuk plus transport make it viable then this satellite pit will come into the frame and AAU will receive their 3x exp cost which could be up to $3m coming AAUs way. They aren't in a hurry cos of cash they are receiving. As to cash in JV when or if MOU becomes JV then obviously the free cash would be distributed or third party payment is effectively reduced which any school boy would realise. This would obviously be outlined in the document which goes to shareholders.

[kirbs4] 16/1/2020 09:56

If the stock market did what we expected every time we'd all be swimming in money. Every sale today is one less to hold it back when the MOU is sorted.

[soulsauce] 16/1/2020 09:56

Can't argue with that dixi.

georgethefourth the grade was always set to reduce towards the end of life of the Arzu South Pit and between the transition to Arzu North.
It is very interesting the amount ore mined this quarter.

[dixi] 16/1/2020 09:49

SP performance it utterly ridiculous - not much else to say!!

[georgethefourth] 16/1/2020 09:33

Can anyone more knowledgeable please comment on the 'open pit' section. Under the 'material moved' category it looks fairly consistent with the previous quarters used as a comparison. The 'ore mined' however was quite a bit more than both of the comparison quarters - 50% more than q3. And yet the 'mined grade' was a lot less this quarter - around a 30% drop. Do we know why the grade dropped and will it continue to be as low?

Also, at first glance of the above figures I assumed that because the grade dropped by 30% they offset this by increasing the amount of ore mined and processing more ore. However, the process plant throughput was consistent to last quarters levels so this can't have been the case.

The fact that the plant feed grade differs from the mined grade implies that there is a lag between mining and processing and the newly mined stuff is stockpiled. If this is the case we will still have the lower grade stuff in the stockpile right which would affect production levels somewhere down the line? There's not much of it in the scheme of things so it isn't a big issue, I'm just wondering if I've got this right

[soulsauce] 16/1/2020 09:20

Revenue for Q3 was $11.76m, given the strength of gold & silver and the extra 385oz produced then Q4 revenue will be approx $12.5m.

Profit for the JV in Q3 looks at have been about $7m. Given 10% of the loan was paid (approx $3.3m) then we can deduce Zenit rolled in about $3.7m. This quarter should be slightly more.

So AAU ought to have been throwing off plenty of cash or there is a huge cash pile in the Zenit account.
I hope before the third party comes in this cash pile is filtered in the right directions.

[mad foetus] 16/1/2020 09:15

Just got another 137k

[shortarm] 16/1/2020 09:06

2.57p are buys.Disappointing but there's always someone willing to accept a few quid profit!For the rest of us it just means the spring is coiling all the harder!