Ariana Resources Share Discussion Threads

[bigglesbingham] 02/3/2020 16:10

Market makers are cashing in on the fear in the markets due to corona virus which makes and excellent buying opportunity for AAU which should be pretty much immune (pardon pun) from implications of virus. In fact AAU should benefit from medium term increase in safe havens such as gold. However some people just see selling and panic without knowing. At least you asked question. Hope I've answered it. Good luck

[soulsauce] 02/3/2020 15:50

If the deal does go through and we get the $30m then there are going to be some serious bombed out opportunities.

[ekuuleus] 02/3/2020 15:47

You could try reading the news.

[mufprat] 02/3/2020 15:45

Any particular reason for this sell off?

[bigglesbingham] 02/3/2020 11:17

Must be few sellers in background cos just showing buys but no tick up

[theduke420] 02/3/2020 09:31

Price of gold on a nice rise this morning

[bigglesbingham] 01/3/2020 14:04

Very simple but logical explanation and justifies my continued buying

[actonovator] 01/3/2020 13:42

Informative thread for those who want to understand what happened to gold last week

[plasybryn] 28/2/2020 23:03

Well March next week. Going to be a very important month in the history of Ariana one way or another. The environment has certainly changed somewhat this week, but as with most things in life they are usually over stated and normality is quickly restored. I suspect March is going to be the most impactful month ever in the life of our Co. and I for one can't wait to see how it all plays out. I'm sure most of us have great respect and confidence in Kerim to do the right thing. Have a good weekend.

[thanksamillion] 28/2/2020 20:19

From the RNS|
" a non-binding Memorandum of Understanding ("MoU") with a major Turkish construction and engineering company"

I took the RNS to suggest that this company already has a business relationship with Proccea.

[charles clore] 28/2/2020 17:51

I can't provide any supporting evidence but get the impression they are an engineering company rather than a miner

[erro] 28/2/2020 17:36

Let’s not also forget that interest rates will fall and there’ll be money printing by central banks which is Ll good for golf
I do think there’s a risk the deal may be pulled by the JV partner especially if they are impacted by commodity prices in other areas of business. This may be no bad thing for Ariana as would give them a chance to consolidate, although I would prefer the deal to proceed. Does anyone know whether the proposed partner is a pure

[erro] 28/2/2020 17:30

Let’s not also forget that interest rates will fall and there’ll be money printing by central banks which is Ll good for golf
I do think there’s a risk the deal may be pulled by the JV partner especially if they are impacted by commodity prices in other areas of business. This may be no bad thing for Ariana as would give them a chance to consolidate, although I would prefer the deal to proceed. Does anyone know whether the proposed partner is a pure precious metals player?

[thanksamillion] 28/2/2020 17:16

The rest of the market has been so bad that investors have been forced to sell their gold assets to meet the margin calls, could go on for a few days yet but at some point gold will be on the up again.

Further the pound 1% drop against the Dollar lessened the pain today.

Bloomberg

[soulsauce] 28/2/2020 16:53

Dayum that is one hell of a hair cut for gold and silver. What a crazy week.

Time for some Northern Soul and some lager.

Good weekend all, if you can.

[thanksamillion] 28/2/2020 16:52

I agree CC, well educated and keen to better themselves, just the type of folk to create wealth. The UK could do with some, but I suspect ignorant prejudices will not allow.

[charles clore] 28/2/2020 16:33

Mostly good people those Syrians. Country destroyed but still looking to make a decent life for themselves. We will need people like them after the pandemic.

[kaos3] 28/2/2020 15:09

Erdogan just left millions of migrants into EU. I hope that EU/Turkey problems will have no implications here. As I put lots of my cash here :(

[kirbs4] 28/2/2020 15:06

I agree, think that is a huge risk, particularly now it is over here between NI/England.

[uknighted] 28/2/2020 14:34

No, just a gut feeling 🤮

[soulsauce] 28/2/2020 14:30

Have you got any odds on that uknighted 😂

[uknighted] 28/2/2020 14:28

Cheltenham, probably fall victim to the Coronavirus!

[kirbs4] 28/2/2020 13:17

Hopefully still at these levels once i have £10,000 to invest after Cheltenham :)

[bigglesbingham] 28/2/2020 11:08

I do find the lemming mentally quite bizarre but does provide opportunity