Ariana Resources Share Discussion Threads

[soulsauce] 10/6/2020 19:21

Excellent post Plasybryn.

Regarding the JV surely it is not going to go to the wire again?
Any ideas bigglesbingham?

[plasybryn] 10/6/2020 17:47

I agree Lottsgold. There must be quite a bit of news to flow over the next couple of months which I expect to change the current sentiment significantly. But for those wanting to buy in, this is a great opportunity mindful that we all remain so confident about the outlook and the ongoing value disconnect. I guess pull backs are healthy as they establish a firmer base before we move firmly back into the 4's and in turn 5's plus. It's difficult to judge how much value the DEAL will add or perhaps even the Tavsan E.I.A. & forestry permits approval, but I can't see them being small beer. From the recent Shareprophets Q & A Kerim said he expected to clear the EIA during the summer. And he said that in lock-down.
Kerim also said we would get a Tavsan mine schedule shortly, hopefully indicating mine production (another 30,000 J.V. ozs p.a.) starting late 2021. More than doubling output from our highly cash generative J.V. Remember the Tavsan Scoping Study had an IRR of 80% based on gold at just $1250 per oz, with a 1.1 year payback.
Then there is the ongoing Kiziltepe drill programme and the fascinating underground work. Do you recall that Kerim again at the Shareprophets Q & A said this:- " What I can say is that the current resource block model extends significantly below the current Arzu South pit and along its NW extension. So much so that we probably have perhaps DOUBLE the total Arzu South resource which cannot currently be mined by open-pit methods". "And that is based on what we already know". That implies to me he expects there to be a lot more. So taking advantage of this pull back seems like a very sensible investing strategy to me.

[lottsgold] 10/6/2020 17:13

Bought a few more today as well, looking forward to the news flow. People getting impatient seeing lots of blue in other goldies today. Multiple pieces of news to arrive any day now, exciting times ahead just need to be patient as you guys say.

[alwaysevolving] 10/6/2020 17:05

Couple weeks ago when it was at 4.2 and I posted that I had placed a limit order at 3.8 someone posted that I had “No chance Mate” don’t recall who it was but it pays to be patient I have learned.

Nothing goes up in a straight line.

[bigglesbingham] 10/6/2020 16:52

Yep I should have waited too. But not complaining

[charles clore] 10/6/2020 16:23

Well done Rennicks you were right to wait and I was wrong to buy at

[renniks2016] 10/6/2020 16:09

another 400k in the bag, not showing on trades, but thats not surprising with the games the MM play, happy shopper this week, hope it keeps dropping but not prepared to take the chance but will accumulate more if it does.

[shortarm] 10/6/2020 15:26

May well depend on if it's a big order or not.....

[shortarm] 10/6/2020 15:26

Kerim keeping hold of the silver seems like a genius move right now!!

[alwaysevolving] 10/6/2020 15:25

Well my 3.8p limit order of two weeks ago is inching ever closer. Will I get filled I wonder?

[soulsauce] 10/6/2020 15:13

Nicely Shortarm.

[shortarm] 10/6/2020 15:02

I'll have 47,867 at that price! Thanks :-)

[shortarm] 10/6/2020 10:29

Or common sense is not as common as we assume?

[actonovator] 10/6/2020 10:20

There is a horse on this Board with an uncannily prescient mouth - he has hinted when and how many rns to expect

[bigglesbingham] 10/6/2020 10:17

The delay of results and delay of deal appear to be the only impact covid 19 has had and I think for that we need to be grateful

[1candc] 10/6/2020 10:13

On a historical basis the final results are now a little overdue, in previous years: -

2/6/17
4/6/18
5/6/19

They must be imminent but Covid 19 may be possible to blame if the number crunchers are not full strength
I am expecting bumper results plus a possible update on the partnership deal

[zedder] 10/6/2020 09:34

Just topped up with 120k at 3.925p.

[thanksamillion] 10/6/2020 09:34

If it causes the share price to drop like it has, perhaps you should not buy any more. ;-)

[paul280i] 10/6/2020 09:24

Maddymoo, if you go back through old posts you will see all sorts of forcasts. In 2011 I was first attracted to this share with a post that said 20p by Xmas. (Good old Dic, where is he now?). I have no idea how high this share will go but will only say that it is worth a lot more that today's price. There is so much happening with the company that I think it is impossible to put an accurate figure on what it's share price should be.

[renniks2016] 10/6/2020 09:08

Sorted! 200k @3.9999 ?

[1candc] 09/6/2020 22:04

maddymoo,warning this is a tea leaf forecast but worst case circa 6p -best case 15p +, dependent on a confluence of multiple projects aligning positively, but I am a dreamer otherwise where's the fun?

[nov31] 09/6/2020 19:19

Renniks, very strange. buys and top ups were going through at 4p. Perhaps try a different broker?

[soulsauce] 09/6/2020 19:03

Welcome maddymoo. I am afraid that is a difficult one and much depends on whether the JV completes.
I think without the JV this will fluctuate with the gold price and probably steadily rise.
With the JV money we can put this in to turbo drive and push on with our new venture in Cyprus and may be have a nice one off divi too.
Things are warming up nicely in Cyprus and I don't mean the weather and is starting to be reflected at Chf.

[maddymoo] 09/6/2020 18:52

Hi all , I'm completely new to this but doing my best to learn fast. What's everyone's thoughts on where the share price could be in 12 months ?

[renniks2016] 09/6/2020 18:22

Perhaps my money not good enough! Will wait and see what tomorrow brings. Sound like IG saved me a few bob.