Ariana Resources Share Discussion Threads

[kirbs4] 26/5/2020 12:23

Im resisting the temptation, have an average purchase price of under 2p myself and trying to keep it that way. Happily topped up at just over 2p after the covid dip!

[kaos3] 26/5/2020 12:22

a big holder needs liquidity to exit - no better opportunity for him than sell into a rise when there is liquidity of eager buyers and a good price

it is a standard operation - nothing personal. someone big wants out for whatever reason

[1candc] 26/5/2020 11:42

It will be revealing to see how the share price fares by the end of the day, I think a big seller has been dropping 100k's, 200k's throughout the morning, no harm in that but there is strength in depth here so much more than before with what looks like a strong up momentum. Will it see off the selling wave and absorb those shares dropping into the market?

[8rad] 26/5/2020 11:30

This aint going to go down anywhere far....too many divi thieves here.

[dixi] 26/5/2020 11:23

Buyers returning for a blue finish maybe :-)

[shortarm] 26/5/2020 11:14

Can't get a quote for any size already!!

[renniks2016] 26/5/2020 11:01

Tidy I say, out with the week in with the long. I will start to accumulate what I need between 3.8 & 4 if possible, might take a day or two though.

[thanksamillion] 26/5/2020 10:37

More likely consolidation time at around the 3.5-4p mark, little news on the horizon in the next week or two to oil the wheels.

[shortarm] 26/5/2020 10:21

Bargain time again :-)

[1candc] 26/5/2020 10:17

It would be hilarious to see the reaction if the company issued a late day positive RNS announcement on the proposed partnership

[pranchalee] 26/5/2020 10:04

4p to buy ,be interesting what price end of day

[pranchalee] 26/5/2020 09:53

Nibbles starting

[pranchalee] 26/5/2020 09:45

Buyers waiting for bottom

[1candc] 26/5/2020 09:43

Shortarm, you're right, tongue in cheek wishful thinking but either way the share price goes is a win win if, like me, you are a long term devotee of Ariana. We're never going to go up in a straight line but up we will go

[risa5] 26/5/2020 09:38

Ariana Resources' production running above target at Kiziltepe mine

The miner also said it remained on track to deliver on its 2020 production target of 18,000 ounces of gold

Ariana Resources PLC (LON:AAU) managing director Kerim Sener has said the average monthly production at the firm's Kiziltepe gold mine in Turkey is “currently running above target”.

In a production update for the first quarter ended 31 March, the AIM-listed firm reported that process gold recovery had remained high at 92.5% and that Kiziltepe remained on track to deliver on its 2020 production target of 18,000 ounces of gold.

During the quarter the firm reported a gross income of US$8.84mln compared to US$12.78mln in the fourth quarter, while the project produced 5,129 ounces of gold compared to 7,318 in the prior three month period.

Sener said that the “pleasing result” of the quarter had been achieved in part during the pandemic, adding that the business was considered an essential industry had been allowed to continue during the outbreak with operations “largely unaffected despite the introduction of various risk mitigation procedures at the mine site and an overall reduction of active staff levels”.

He also said the above target monthly production was “in part due to higher material movements and the consequent accessibility of optimal grade ore feed throughout the period”.

“Assuming production is able to continue uninterrupted through the current quarter, we remain on track to deliver on our production target for the year", Sener concluded.
PI

[shortarm] 26/5/2020 09:36

Really don't think so but.....Nah, definitely not :-)

[1candc] 26/5/2020 09:35

I hope I get the opportunity to buy at 3.5p, the herd is in full exodus, could be a possibility

[kirbs4] 26/5/2020 09:34

Every time we've had a morning like this recently we've immediately replaced the sells with new holders and bounced back by the end of the day. Wonder if we'll see more of the same today..

[soulsauce] 26/5/2020 09:12

Yes good call Plasybryn.

[plasybryn] 26/5/2020 08:43

Sorry to restate but the charts indicated it was getting a bit over bought. Nothing to worry about just par for the course.

[dixi] 26/5/2020 08:39

Still selling rather than buying the news I guess.

[charles clore] 26/5/2020 08:37

The quarterlies obviously left some unimpressed judging by the price reaction!

[soulsauce] 26/5/2020 07:52

Next quarter production currently above plan even through worst Covid period. Not many will be able to say that.

I should imagine they saved the silver when the price dropped right back but now it is back to $17.5 we will be able to cash in making next month's silver credit even larger.

[gerrystewart] 26/5/2020 07:48

Yes, they are clearly refusing to sell silver below $17.00. Given that it has now gone back above that it will make the current quarters figures appear so much better. In addition the fall in the quarterly production of silver is not that far below Q4 of 2019. If that continues into the current quarter the Q2 outlook is very promising.

[ironstorm] 26/5/2020 07:28

I like that we have a stockpile of silver for now.