Ariana Resources Share Discussion Threads

[crossfirecssf] 13/6/2020 06:00

And I at 20p+...Back off to sleep (bloody dawn chorus)...Zzzzzzz

[a.fewbob] 12/6/2020 21:35

20% for a stock like this is peanuts.

Wake me up at 10p Zzzzzzzzzz

[risa5] 12/6/2020 17:14

Ariana Resources (LON:AAU) price about to hit new 52-week high

The good news for any holders of Ariana Resources (LON:AAU) is that the price is currently trading close to a 52 week high, with the share price up by around -0.61% to 4 over the past week.
For investors holding the stock (or considering buying it), the question is: what now?
On a one-month basis, the Ariana Resources price has risen by 22.4%.
Research shows investors can be left wondering whether to sell the stock and take the profit or buy more and ride the uptrend.

What happens when a share hits a new high?
52 week highs are always good news. But surprisingly, the prices of high performing shares can be slow to move when they publish positive earnings news.

Research shows this happens because investors are cautious about bidding high performing shares any higher (even if they deserve it). Psychologists call this anchoring. As humans, we tend to take our time when it comes to changing our opinions in the face of new information - even when it's good news.

This emotional tug-of-war often ends with the ‘new high’ stock drifting higher in price over the coming weeks and months. The upward trend is called “post earnings announcement drift”. As the news sinks in, momentum takes over and the price moves higher.

Next steps
With Ariana Resources trading close to its 52 week high, it’s possible that investors in the market are uncertain about whether to buy, hold or sell it. This uncertainty can cause erratic pricing in the short-term before momentum takes over - and it’s worth considering this before making your own trading decision.

[shortarm] 12/6/2020 17:02

It's not really blue I guess but it's pretty for the weekend :-D

[plasybryn] 12/6/2020 17:00

A blue finish. Nice. Looking forward to more next week.

[bigglesbingham] 12/6/2020 12:41

My view is kerim knows his assets and this would have been built into the deal. The fact that everything always seem to come to fruition boded well for the future. The value creation subsequent to MOU means if deal doesn't go ahead then the shareprice is still under. Interesting Somerville changed turn from top slice to strong hold with potential well above 5p ha ha.

[renniks2016] 12/6/2020 11:46

Trades 35-39 all buys as well! ;)

[plasybryn] 12/6/2020 11:35

Plus there is another JORC exploration target of up to 9m tonnes. How many ozs would that add to the 253,000 ozs? A friend of mine said 130,000-100,000 ozs. So nearly 400000 ozs perhaps. Start adding up all the value creation since the MoU was announced last November and it makes me think the terms must be renegotiated.

[paul280i] 12/6/2020 11:16

I suppose that if the grades from the underground mine were high that might account for the change in thinking on processing loaded carbon from Tavsan.

[shortarm] 12/6/2020 10:57

Not showing my 250958 at 3.99 - it's a but but will look like a sell!!

[8rad] 12/6/2020 10:45

253000 ozs at Tavsan represents approx. 8 years of minelife already so this is a definite goer...and highly profitable at that.

[plasybryn] 12/6/2020 10:42

Start adding up all the annual ozs at Red Rabbit Kiziltepe open pit plus underground plus Tavsan and then add say three prospects in the Hot Gold Corridor and we are looking at perhaps 150,000 ozs pa potential if not more.

[soulsauce] 12/6/2020 10:39

You could be right Plasybryn, it could be the underground mine.

[pranchalee] 12/6/2020 10:28

Totally agree ss Kerim needs to sort it out sooner rather than later

[plasybryn] 12/6/2020 10:26

Well surely it is the Underground mine. As Kerim mentioned they are nearly finished on the exploration and dev elopement drilling programme around Arzu South (deep underground extensions) plus geotechnical drilling to get an Underground resource assessment leading to an Underground mine plan. He said they just had a few more holes to drill.
Remember this is what he said at the recent Shareprophets Q & A

Can you add any more detail/thoughts on about the underground story. Can you help us envisage what the potential end game is here or is it too early to say?

It is a little early to say specifically.  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. That seems like an awful lot of gold to leave behind!  And that is based on what we already know...

So this underground mine probably means Tavsan has to stand on its own. The other interesting point is that Proccea are not U/G mine contractors. That would need someone else.
Any thoughts?

[soulsauce] 12/6/2020 10:25

I think the JV uncertainty is weighing a little heavily, the sooner it is sorted the sooner we can move on.

[1candc] 12/6/2020 10:24

Always the same, its hard work here baking in a rise on great news when we have a revolving door investment base but look back and we are where we are so progress is being made it's just that long termers know that this is seriously undervalued and can see multiples of the share price in time. It's just frustrating to watch the tide going in and out all around us but we are gaining more and more hardcore holders so I am positive!
The next leg up should be the annual figures, they are well due now.

[bigglesbingham] 12/6/2020 10:22

Just obviously a seller in background

[pranchalee] 12/6/2020 10:20

If gold where $2000 we would still struggle to get over the 4p mark something just doesn’t add up

[charles clore] 12/6/2020 10:10

And yet, the market remains oblivious with yet another share price drop!

[paul280i] 12/6/2020 10:09

Note to self: Forget the share price, sit back, relax and wait for the true value to shine through!

[alwaysevolving] 12/6/2020 10:09

New Kerim interview and tavsan update posted on YouTube this morning:

[paul280i] 12/6/2020 10:06

I think we already have that bigger mine.

[1candc] 12/6/2020 10:02

'We're going to need a bigger mine'