Ariana Resources Share Discussion Threads

[8rad] 11/6/2020 12:04

Todays news should add $60 million to the bottom line. That tells you how undervalued we are.

[1candc] 11/6/2020 11:59

Good to hear, but 6p? I hope to have the will power not to sell until 16p and even then not all of them, knowing me that's a big ask of my resolution but that's the plan of this dreamer

[shortarm] 11/6/2020 11:51

The good news is that's a million shares that won't get sold until 8P

[charles clore] 11/6/2020 11:35

ex - thanks but I have enough exposure here.
1candc - Can't understand anyone selling at this level to be honest. I won't be selling any until at least 6p.

[1candc] 11/6/2020 11:22

Glass half empty today Charles? Was that your 1m sale?

[excellance] 11/6/2020 11:08

Charles,

Check out CHF based on Cyprus, you may like it..

Sorry for the intrusion

[charles clore] 11/6/2020 10:56

Given that we have seen the share price stagnate lately and that good news gives sellers a great opportunity to offload it wouldn't surprise me to see the price fall back to par for the day despite an ever optimistic outlook for the company. The Tasvan news was very good but I can't see this reaching 5p ahead of the announcement of a deal. Having said that, I believe the deal will be the catalyst for higher prices once details are known.

[risa5] 11/6/2020 10:41

Ariana Resources announces 50% increase in Tavsan resource

Ariana Resources plc, an AIM-listed exploration and development company operating in Europe, has recently announced a Joint Ore Reserves Committee (JORC) Resource update for the Tavsan Project in Turkey. Tavsan is part of the Red Rabbit Joint Venture (JV) with Proccea Construction Co. and is 50% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S. (Zenit).

Highlights
Global resource increased by 50% over the 2018 resource estimate to 4.49 million t at 1.76 g/t Au and 5.00 g/t Ag for 253 000 oz Au and 723 000 oz Ag.

Resource estimate further de-risked with 77% of the resource now in Measured and Indicated JORC categories.

Additional JORC exploration target of up to a further 9 million t at 1.00 - 1.30 g/t Au, updated to reflect the latest estimation.

The JV has completed a pre-feasibility study for Tasvan and an environmental impact assessment (EIA) is being finalised.

Discussions with potential lenders are expected to commence imminently in order for the JV to secure funding for the development of the project.
...

[mad foetus] 11/6/2020 09:46

It's a very big volume day already so chartwise looks like next leg up starting

[lottsgold] 11/6/2020 09:38

Could well be a seller, there has been a nice rise since turn off the year so can't blame large holders. The price will suddenly be released if they clear and with so much news this base is going to be solid, can only see this headed one way with positive news flow and strong gold/silver prices. I will add where I can as many holders say the returns here have huge potential this year into next.

[tidy 2] 11/6/2020 09:29

$AAU Ariana Resources surges as it reports 50% increase in resource at Tavsan project tinyurl.com/yav9sxg2 via @proactive_UK @ArianaResources #AAUProactive. htTTps://t.co/VeoXwGcKcB

[kaos3] 11/6/2020 09:20

0.5 M shown

[1candc] 11/6/2020 09:19

Selling against the background of projects underway here is like a revolving door, as soon as you're out up pops some news and you're back in again. If ever there was a share that's worth hanging onto with a tight grip it's this one.

[kaos3] 11/6/2020 09:13

must be a big seller around - who and why ??? is what I can not understand.
From the morning I am selling minor amount at 40.5 and still not taken meaning - they do not need this stock as someone is providing them no limits. Why? Who?

[ironstorm] 11/6/2020 09:13

Yes Cyprus - not top of my mind either - so much going on in Turkey. Cyprus not even getting a valuation for me yet.

And of course the new JV.

[1candc] 11/6/2020 09:11

Full year results imminent, more fuel for the share price as record figures expected courtesy of the higher Gold price and reducing production costs.
Not forgetting news on the proposed partnership and consequential special dividend, did I forget Cyprus? Sorry, so much potential here it's hard to keep up. I truly cannot think of any better place to invest right now as here

[ironstorm] 11/6/2020 09:10

The story here just gets better. Tavsan looking like a real doozy.

Gold on a rip today. And Silver looking v. strong.

Well done AAU. Well done all.

[kirbs4] 11/6/2020 09:09

Even if it isnt a tree shake, the activity this morning is massive for the health of the share price This week demonstrated we havent yet broken through the 4p ceiling so getting shot of any holders with a 4p target and replacing them with holders entering at 4p bodes well for creating support at this level imo.

[renniks2016] 11/6/2020 08:59

At least yours are showing as something! Mine still not showing at all.

[renniks2016] 11/6/2020 08:58

Hope not! Just picked up 1.5m but they can shake as much as they like. Will hold off on the next 500k just in case!

[1candc] 11/6/2020 08:46

Some buys including mine 123,164 showing as sells

[lottsgold] 11/6/2020 08:39

Treeshake anyone? Must be?

[lottsgold] 11/6/2020 08:38

Yes Mcmather, circa 500,000 ounces of gold possibly plus all that lovely silver which is becoming more valuable. Hopefully this gets us noticed a bit more start pushing to that 100m valuation this year, I like round figures!

[lottsgold] 11/6/2020 08:36

You know a good thing when you see it Rennicks!

[mcmather] 11/6/2020 08:36

"Additional JORC Exploration Target of up to a further 9 Mt at 1.00-1.30 g/t Au, updated to reflect the latest estimation"; targeting a further (circa) 275k oz's??