Ariana Resources Share Discussion Threads

[pranchalee] 23/4/2020 20:31

Holding gold shares doesn’t need balls of steel just common sense

[ironstorm] 23/4/2020 20:06

That was a big sale earlier. But I am not selling despite my holding being almost 50% of my portfolio. Call me balls of steel now! 🎱

[risa5] 23/4/2020 18:06

Charles,

FTSE All-Share Index Ranking (unofficial guide)
As at close on Fri, 17 April 2020

[c0lin1] 23/4/2020 17:27

i know Charles but was just answering your question about market cap required.

[charles clore] 23/4/2020 17:24

Looking at several goldies charts on my watchlist they are mostly displaying inverse head and shoulders patterns. I think we are about to witness some major upside in gold miners.

[charles clore] 23/4/2020 17:20

colin - I know AAU is undervalued but there is no comparison. POG has a market cap of £827m whereas AAU is £36m. Main exchange listings are predominantly about qualifying market cap

[c0lin1] 23/4/2020 17:15

Not sure but POG just got promoted at around 20p??

[charles clore] 23/4/2020 17:14

Out of interest does anyone here know the market cap required for a FTSE 250 listing?

[renniks2016] 23/4/2020 16:32

agreed not yet, give it six months though and might be a different story all together!

[thanksamillion] 23/4/2020 15:56

Maybe, but it would involve substantially more management time and rules to follow. Perhaps later, but I don't think we are big enough just yet.

[skara brae] 23/4/2020 15:51

Thank you soulsauce. If we are trying to attract institutions, then moving to main market would help greatly.

[soulsauce] 23/4/2020 15:32

Skara your comment about moving to the main market. Yes that would be another good use of a very small part of the JV money and get away from the Aim casino now we don't need to rely on shonky companies to supply with tainted money.

[renniks2016] 23/4/2020 15:31

Picked up a few (141,999) for less than i was happy to pay yesterday, so RNS was for free! LOL.

[skara brae] 23/4/2020 14:32

A profit is a profit. Good luck to them.

[buoycat] 23/4/2020 13:48

Maybe they don't have a crystal ball telling them the shares are only going up.

[charles clore] 23/4/2020 13:35

They sold 931k but they now have £30k. Not a bad trade by the sound of it. As you say, shortarm, I expect they will regret it soon. But then again, maybe it was an executor selling following the death of a shareholder.

[shortarm] 23/4/2020 11:50

Wow, somebody let go of 931,000 this morning - I expect they'll regret that soon but at least they're into stronger hands now :-D

[skara brae] 23/4/2020 11:48

When do you think Ariana could list in the main market?

[mad foetus] 23/4/2020 11:32

So, we increased reserves today by 25% or about 60,000 Oz. Which at current price of gold and our AISC, I'm guessing is about $50m profit. We own 50% of the mine, so that's around $25m extra profit, once we dig it up. OK, so you have to discount until its processed, but the discount is much less once you have the mine operating, plant on site, show experience etc. Just shows the value here.

[8rad] 23/4/2020 11:24

BB...I hope you are right. If so I for one could live with that.

[bigglesbingham] 23/4/2020 11:21

Always extremely positive when price falls back and then bounces shows many buying waiting in wings

[risa5] 23/4/2020 11:04

Ariana Resources surges as it flags significant resource increase at Kiziltepe

The updated estimate has increased the resource at the site by 25% to around 321,000 ounces of gold and 5mln ounces of silver

Ariana Resources PLC (LON:AAU) has reported what it says is a “significant” increase in the mineral resource estimate for its Kiziltepe mine in Turkey.

The AIM-listed explorer said the updated estimate increased the resource at the site by 25% to around 321,000 ounces of gold and 5mln ounces of silver. The increase also represents a 72% uplift over the feasibility study resource on an undepleted gold only basis.

Ariana said the increased resources supported potential for a “significantly extended mine life at Kiziltepe” should resources be converted into reserves, adding that several subsidiary veins comprising a “significant JORC exploration target” will also be drill-tested in the future with the aim of converting to resources.

"We are very pleased to note that the revised estimate supports an increase in expected mine-life to at least 2026 using a historical resource to reserve conversion ratio of 60% and at a throughput rate maintained at 200,000 tonnes per annum”, Ariana managing director Kerim Sener said in a statement.

Sener also said the company has commenced a new drilling programme to follow-up recent from recent exploration at the Arzu South area of the project, which had targeted “potential for underground extensions to the current resource”.
"We will keep the market appraised of our progress, as appropriate", he added.

The shares surged 9% to 3.4p in early deals on Thursday.
PI

[bigglesbingham] 23/4/2020 11:01

Minority interest need to be looked at in fine detail in fact everything does. What's point in rushing ? What's important is it's correct for all parties.