Ariana Resources Share Discussion Threads

[soulsauce] 23/4/2020 10:16

Don't mind it being extended Biggles, but an update on the state of play would be welcome.

[soulsauce] 23/4/2020 10:14

Yes Charles, I hear you.
It may be that the share price will not rise that much if the JV completes but the 'game changer' will be set running and as it sinks in I feel the share price will continue to strengthen.
I am sure there will be comments from some that the JV is already priced in. We might even see more schizophrenic posts from the Winnifroth crew.

[bigglesbingham] 23/4/2020 10:11

Still think it will be extended , Kerim still in Aussie

[mad foetus] 23/4/2020 10:06

I've completed £100m+ deals which involved multiple banks, corporates and governmental agencies within that timescale. This is a large deal but they would have completed a lot of DD before it was announced.

[charles clore] 23/4/2020 10:04

soul - we HOPE the jv will be the game changer. Every other bit of excellent news released by the company has had a hard time scratching an increase in the share price (even this morning's 25% increase in Kiziltepe resources has failed to impresssed the market) but hey, let's hope you are right.

[bigglesbingham] 23/4/2020 09:55

Logistics is logistics , you try dealing with Hargreaves landsdown ! Six week turn around to transfer ISAs! Hope that puts things more into perspective, we're talking about $50 million dollar plus deal.

[paul280i] 23/4/2020 09:38

My buy recommendation came from Dic from Rugby at 5p when he said 20p by Xmas. I don't think he mentioned which Xmas though.

[soulsauce] 23/4/2020 09:35

The new JV will be the game changer here, and who knows it might even tempt the odd insti' to buy.

Basically our little Ariana will come of age.
It's business and licences in Turkey will tick along nicely in the background, with added impetus on Salinbas and Tavsan, and with a war chest of $30m it will allow Kerim and team to build Ariana 2.0 in Cyprus where we may have very nice resources of copper as well as gold.

All looking very positive. Agree with Plasybryn, I think they need to update as to where we are.

[crossfirecssf] 23/4/2020 09:26

I remember reading the ‘buy’ recommendation in Shares magazine at 12.5p. Admittedly, there were 95% less shares in issue back then....around 55million.

[charles clore] 23/4/2020 09:25

Iron - thank you. I have to admit to being an AAU afficionado with a reasonable sized holding. Therefore I am biased but at the same time I believe realistic and with gold on the up, quite exciting times..

[ironstorm] 23/4/2020 09:07

Charles your positivty of recent times shines through.

Last time it was at these levels was in 2012. Looking back 10 years lots of congestion around the 5p mark makes your target look really acheivable.

After that it look like 7p which it briefly spoked to.

Think we need to close over 3.7p first. Maybe today, Maybe not, But soon I expect, hope and believe.

[8rad] 23/4/2020 08:58

Todays update surely makes the proposed deal even more of a no-brainer and we also know they have hardly scratched the surface.

[charles clore] 23/4/2020 08:40

On the chart side the more observant traders could be buying the inverse head and shoulders which looks a good bet for 4.9p.

[bigglesbingham] 23/4/2020 08:40

Think that may be a few weeks away. They may do it quarterly for ease of admin.

[bigglesbingham] 23/4/2020 08:38

In the last 12-18 months they've started to get switched into by multiple rnss and I too like them . Reason being if you have one combined rns may get spike 15% but three rnss let say get three 5% but compounded. Plus gives them more opportunities to be picked up by the markets.

[kaos3] 23/4/2020 08:34

why do we not seehigher share price - because big old and patient money bets on the sure side - low risk, just high reward

big money is waiting for the JV outcome imho

I would - if I was rich with the aim of preserving capital, not making big money as fast as it is reasonable

[ironstorm] 23/4/2020 08:28

Followed by further cash return from the JV next week. Another £1m?

[plasybryn] 23/4/2020 08:28

I agree Biggles. But they will have to update the market on the Deal. No news to date is positive in my opinion. Get the name out there and confirm it is a goer and the pent up demand will be in a different league imho.

[kirbs4] 23/4/2020 08:27

What is your view on consecutive RNS Biggles? I like them and think it creates huge momentum but i also appreciate some see them as a recipe for a peak and fall. I'd like to see an RN's tomorros for instance on the debt being cleared to back up this one today.

[ironstorm] 23/4/2020 08:27

BB with you on that one. 🥳

[bigglesbingham] 23/4/2020 08:22

Next RNS - "Capital debt cleared"!!!! Or that's what I'd issue .

[charles clore] 23/4/2020 08:21

This company hasn't put a foot wrong for the past 2 or 3 years and yet this hasn't been fully reflected in the share price, it is still undervalued. But no matter how many times profit taking pours cold water on the share price, eventually it will have its day. Today's resource update is a key event. I would be surprised if this doesn't perform exceptionally well in the near future.

[plasybryn] 23/4/2020 08:08

It's interesting if you go back to the blogs on 3rd May 2017 when we had the last Resource update. It looks as though the market didn't react much but interesting blogs from biggles and others. There were complaints that it was presented in too technical a format and not really worded for investors. I must admit the recent Resource RNS from Medusa Mining (MML) shows how to present this stuff imho. But it's great to see a different story today and see the market respond. Perhaps being in a stronger gold price environment makes all the difference. And the fact that we were looking oversold compared to peers of late. Let's hope Kerim does an interview to add more to the bone and Panmure Gordon issue an updated Flash Note with increased valuation. Perhaps something from share price Angel as well.

[easwarareddy] 23/4/2020 08:08

Cant buy a bean... 5p coming