Ariana Resources Share Discussion Threads

[ironstorm] 19/3/2020 08:22

This is very comforting in the current climate. I have today taken the decision to liquidate most of my portfolio. Maybe too late but from a risk management perspective I would rather the cash was there than stocks.

However I am fortunate this is my biggest and most profitable holding and even with everything else going on I am a very strong holder here.

Stay safe all and don’t give up these cheaply. More news due soon I fully expect.

[bigglesbingham] 19/3/2020 08:02

Absolutely. The rns again states "30% above feasibility" loan repayment completed in 30 days and no adverse comment re new deal which j take as very positive .

[gaffer73] 19/3/2020 07:57

This share price should be way higher than 2p

[nov31] 19/3/2020 07:54

What a great update, and what great value this share represents. Loan paid off, production firing on all cylinders, even with gold off its highs it still circa $1,500 with a strong dollar and low oil price decreases Ariana's costs further. In a tipsy turvey world this share in my humble opinion represents huge value and as near to a safe haven as you can get. DYOR. The only downside? Who would think to look at a penny share gold miner. Still value will out and in the meantime that gives us all an opportunity to top up when we can. With the Board's stated aim and likelihood of a one off cash dividend I believe there is only upside from here.

[mad foetus] 19/3/2020 07:36

I just think it is a matter of time before people start seeing that gold miners are throwing off huge profits at a time nobody else is. The biggest risk is that Turkey are the European smoking champions and if the virus gets a hold there it will kill a lot of people. But that's something we can't control.

[temujiin] 19/3/2020 07:20

Also if guidance is 18k, it's highly likely, though obv not definite, that actual production will be 20k +
Loan debt now $200,000 - Biggles, just pay that off mate :)

[mad foetus] 19/3/2020 07:13

Quite a bit lower than last year but that's due to a 50% drop in anticipated grades which I believe was always in the plan. Quantities mined and processed both up, so firing on all cylinders.

[temujiin] 19/3/2020 07:07

Gold production guidance for 2020 from Kiziltepe is c. 18,000 oz Au
=================

which is 'a substantial increase over our feasibility forecasts for this stage of the operation.'

Also other facts suggest profits will still be very good

"It is important for us to note recent market developments, notably the significant reduction in the price of oil, which will have a positive effect on our mining and processing costs. Meanwhile, the gold price has continued to remain at levels substantially higher than feasibility forecast. These, along with other positive trends including the declining value of the Turkish Lira, reinforce the economics of the Kiziltepe operation.

[matthew stone] 19/3/2020 07:06

Great update. What an amazing company this is.

[bigglesbingham] 18/3/2020 18:36

Agree totally . I truely believe people shouldn't panic. Some on here may know that I'm a partner in an investment / financial services business and I can say having spoken to majority of my client in the last week , I've never been so proud of the human spirit and the we are all it it together attitude. It's different that credit crisis client are looking for opportunities because everyone understands the cause. Just wanted to share that. Cheers

[skara brae] 18/3/2020 17:40

With prices of companies dropping so quickly, it may well be the best time to receive a cash injection if the deal goes through - a few bargains to be had in this market.
I have been watching a few youtube videos on how the physical PM market is detaching from the paper market, i.e. spot prices. Mike Maloney runs Goldsilver.com.
Due to deflation I am expecting short term gold prices to lower a little then take off rapidly.

We'll see.

GLA

[plasybryn] 18/3/2020 12:22

I think he was saying all is proceeding as planned. Nothing has changed. If anything their reasons to get some gold exposure is stronger than ever. I'm confident the deal terms, apart from nitty gritty stuff, will remain as originally intended. My only worry is that with our current disconnect between our true worth and our current Market Cap., they might say let's just buy the whole thing. However our disparate shareholder base would make that difficult to go through unless the price was very attractive of course.
But no I expect things to play out as expected and I'm sure we are due an official update by the end of March (9 working days maximum). It sounds also like potentially there are potentially new investors sitting in the wings waiting for confirmation that the deal is confirmed. Surely we must be close to re-rating.

[thanksamillion] 18/3/2020 12:12

I do hope the Board are prepared to walk away if the potential partner comes back with a gloomy or hardball new offer. In other words don't count their chickens just yet, and prepare plan "B" - just in case.

Sorry to be negative, this DD is stretching out further than I would have liked, and the Chairman's comment of "as far I know" was a little disconcerting.

[pranchalee] 18/3/2020 10:04

Further to fall yet then a swift return upwards,catching the bottom could be lucrative for those with the spare cash

[matthew stone] 18/3/2020 09:47

Long time lurker here. WOrth pointing out that despite decrease in gold price in $, it's actually at an all-time high today in £s - this fall is massively overdone, as it is in any of the uk listed gold miners I'm looking at.

[ekuuleus] 18/3/2020 09:39

I cannot believe that AAU investors are so leveraged in other derivatives that they are having to sell off the jewel in the crown

Why? People have been banging on for ages about owning physical gold and far more paper gold around. In a crises, the assumption was people would convert paper into gold and gold would fly. Mine too!

What we missed is that the paper is being sold off far faster to cover margin et al and by T bills. So the price goes down at the same time you cant buy physical gold or silver from any of the suppliers as they have sold out.

I've bought some SG42 in my sipp. Slightly down at the moment but could be fun/hairy.

[charles clore] 18/3/2020 09:35

Well judging by the volume the selloff is down to sheer panic by marketmakers.

[8rad] 18/3/2020 09:35

CC ...I agree but I also agree that it would be rude not to jump in again here so I did.

[charles clore] 18/3/2020 09:34

I cannot believe that AAU investors are so leveraged in other derivatives that they are having to sell off the jewel in the crown.

[charles clore] 18/3/2020 09:32

Unless the company announces a dividend I fear performance improvements, profitability and future prospects will be ignored by the current market.

[soulsauce] 18/3/2020 09:28

Yes indeed Plasybryn.

[plasybryn] 18/3/2020 09:25

Soul sauce :- And we are probably about to report on our best quarter since the mine opened.And confirm our Capex facility is cleared.

[soulsauce] 18/3/2020 09:23

gaffer when the share price was here on the way up the gold price was well under $1400.

[shortarm] 18/3/2020 09:11

They're not showing my 400k buy....But they are showing the 300k one.Free cash flowing out soon!