RE: mou8 Jul 2020 04:15
Good post, Balanced66 (and welcome).
Lot of important and true facts from you , ASH and timely reminders too from Van.
I'm sorry, John, that you feel your enthusiasm has waned but you ain't all alone out there. I got into "the dumps" myself end of last month and went cryin' in my beer on the ADVFN Chat whereupon I was swiftly booted back on the AAU trail by Biggles and renniks. (thanks guys if you're seeing this!)
Anyway, ASH, I'm crazy enough to charge into the china shop. My forecasts have turned out accurate over the last 2 years and I've recently suggested (along with others here) that we might see 5p by Christmas/New Year. To put a little more meat on the bones ( so you might chew on it, John, with no disrespect) I will set the scene by pointing out that, invariably, Ariana's share price gradually descends when the RNS stays quiet over time. We got an uptick when we found out the MoU was still alive and kicking and the potential additional partner was identified. Then, as usual, no more details (or timetable) and down goes the sp. So what next? For starters I'm inclined towards ASH's implied warnings about possible impending decreased productivity and lower grades for a while. If this adversely affect the (now delayed) audit figures we could drop back into the three pence plus levels until the MoU is finally converted into a signed and sealed agreement. At that point there should be a serious upward valuation (with the help of some good cover and comment from PG and others in the stockbroker houses). With a bit of luck it might happen before Christmas and we might also get to know what divvi we can look forward to and when.....and my forecast will thus be on target!
However that then becomes the decider for those of ya'all who don't want a longer term holding to seek serious money at the rainbow's end because from there on it's all about sorting out environmental and other permits, digging into the ground and bringing a whole series of mines into production. Each productive one will enhance the share price. The roller coaster will continue and, as many of you holding "wannabe" bigger mining company shares may know to your cost..... underground assets and debt don't figure well in underpinning share values. Regards, DJ.