Ariana Resources Share Discussion Threads

[gaffer73] 21/2/2020 07:16

Nice little company this, steadily working away paying off their debt and increasing production. No reason why this shouldn't be 5p.

[kaos3] 21/2/2020 07:15

I do not understand
"at an average realised gold price of US$1,484 per ounce, against an average revenue per gold ounce of US$1,736 due to silver credit"

TA

edit:
(2) Average revenue per gold ounce accounts for both the gold and silver sold during the period and is calculated by dividing the gross income by only the gold ounces sold in the period.

[shortarm] 21/2/2020 07:10

Record breaking quarter :-D

[plasybryn] 21/2/2020 07:07

I think Kerim getting the hang of being more positive in his RNS'a and rightly so. Love the way it reads. Not a step wrong again. Spot on guys.

[mick1909] 21/2/2020 06:16

AAZ went from 6p to where they are now anything can happen

[bigglesbingham] 20/2/2020 22:28

Gets to 5-6p dividend declared the institutions will come sniffing which will hold the share price to further heights even if share prophets punters want to cash in .

[bigglesbingham] 20/2/2020 22:19

Think is the unknown potential and increased speed of development which will excite new punters

[steviec1] 20/2/2020 20:26

All looking nice here ....any chance of the quarterly financials to build the momentum further please Kerim ?

[erro] 20/2/2020 20:11

If the deal does go ahead what do you think PG would rerate the target price at? Say 6p? Based on PGs criteria has anyone done their own recalculations/ assessment, based on new business model cash flows and monies upfront

[soulsauce] 20/2/2020 19:48

No bigglesbingham I don't understand the philosophy either. What happened to Winnifroths mantra of letting winners run 🤪

[bigglesbingham] 20/2/2020 19:16

Ignore last two posts I didn't read whole article. It basically says plenty of room above 4p but top slice a little as he said above 2p 2.5p 3p ...... don't get this philosophy . However here's the whole article which is exceptionally positive!!! A gander at the website of AIM-listed Turkish gold-producer Ariana Resources (AAU) revealed a note from house broker Panmure Gordon, which has again upped its target from 3.6p to a new mark of 4.37p. Of course, as house broker, Panumure is effectively paid to put a good gloss on its clients but it has hardly been ramping the shares in recent years and as far as I can see there is already huge upside to that valuation, based of Panmure's own numbers.The note is contained in its Quarterly Nugget, looking at gold in Q1 of this year, which can be downloaded from Ariana's website HERE. The upside to Panmure's number that I see is that Ariana is valued on the basis of gold being priced at $1475 per ounce this year, $1450 next year and $1400 the year after. But gold is currently a little north of $1600.And Panmure appears to be rather more bearish on the gold price than the consensus figures it offers of $1525 this year and next year, and $1550 the year after. In other words, Panmure is well off the pace in terms of being an out-and-out gold bull.So whilst 4.37p seems a high mark from the house broker, it seems to me that there is plenty of room for significant upside to its 4.37p target already.I still think that anyone who bought in near 1p and like me was overloaded with Ariana shares would do well to trim their holding a little (as I have done) whilst the shares are above 3p and the proposed deal with a new joint venture partner involving a payment of $30 million to Ariana is yet to be confirmed. If the deal is confirmed, I will be looking for 4p before wanting to take a little more cash off the table.I think Panmure's note suggests that there is plenty more to go for than that, and Kerim Sener's record of delivery suggests that there will be more gold found in due course. So for the majority of my shares, there is every reason to hold on tight and even now Ariana offers a great speculation for those not already involved.

[soulsauce] 20/2/2020 19:11

'hardly been ramping the shares in recent years'

Lol don't we know it. Good to see others have come to the same conclusion.

[bigglesbingham] 20/2/2020 19:08

No mention of top slicing here ???

[bigglesbingham] 20/2/2020 19:07

Share prophets snippet-A gander at the website of AIM-listed Turkish gold-producer Ariana Resources (AAU) revealed a note from house broker Panmure Gordon, which has again upped its target from 3.6p to a new mark of 4.37p. Of course, as house broker, Panumure is effectively paid to put a good gloss on its clients but it has hardly been ramping the shares in recent years and as far as I can see there is already huge upside to that valuation, based of Panmure's own numbers.

[crossfirecssf] 20/2/2020 16:51

I believe that a penny will never be left on the pavement.... by a punter.

The difference and the Ace that we have up our sleeve here is that those that are currently stepping over that penny are not punters, they are institutions.

The stockmarket is ALWAYS a discounting mechanism, but to varying degrees. As a Minnow, we sit at the lower end of that spectrum. Not for long... and meanwhile, the hitched ride to the high $1600's (for a short sleepover) trundles along, and the perfect storm continues to form. :o)

[kaos3] 20/2/2020 16:26

spread tightened. cat is out of the bag.
speculation:
those selling big at the bid might be strategic seller needing a certain share price for the JV purpose. who knows if it is cash deal only - or there will be some kind of paper "stimulation" as well?

[shortarm] 20/2/2020 16:11

There go the bid jumpers again lolIf only they had a little bit of patience!!

[kaos3] 20/2/2020 16:09

no "news". just stupid me pushing the share price . from slp to aau

[pauliewonder] 20/2/2020 16:06

Nice rise. Been a good day for me for once

[red army] 20/2/2020 16:03

Just been adding again - target 5p

[d1g3y] 20/2/2020 15:59

News tomorrow?

[oilbuy] 20/2/2020 15:55

There we go. Bit of patience always helps

[bigglesbingham] 20/2/2020 15:47

Not bothered we all know it's going to shoot up shortly