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Not only the end of the week but also the end of the financial year.
On April 6th 2019, the mid share price was 1.85p - on April 6th 2020, the mid price was 2.90p which is a rise of 57%.
We finished this financial year on 4.35p which is a rise of exactly 50%. It was even better at times during the year but 50% is a very good return nevertheless.
So a good year, but not quite as good as the previous one, which may come as a surprise to some people. A 50% rise in this financial year would take us to around 6.5p - I would be quite happy with that.
Deepsurvey: How can you say so categorically that there is going to be a sharp fall in the price of gold & silver. I doubt even the very best Analysts could be that confident. For me it is 50/50 which way it goes short term, but I do agree my money would be on over $2000 per oz by Christmas, if not before. If we were in a free market, it would be higher now due to currency dilution, but we know the manipulators try to manage it so not to harm the US$.
As you say "trade" Ariana is also looking to diversify so going forward will be less reliant on just Turkey. Cyprus and now Eastern Europe goals in its sight. Monetising the Turkish assets, as it has done, is also a step in de-risking exposure top Turkey of course. And diversified in terms of miners - Gold, Silver, Copper and perhaps others. It has already made a good return on Australian Lithium.
Ariana is not a gold or silver exporter. The Turkish Govt. buy it all and provide instant payment, which Ariana convert into US $ so I believe. As said, when you compare Turkey to investing in the likes of Zimbabwe, Congo, DRC, perhaps Ukraine, Venezuela, etc. it seems pretty "safe" to me! In normal times, it is where millions of Brits. love to holiday and even buy holiday homes. I can't see that happening in Zimbabwe! There is a lot of anti Ergoden sentiment in the West as he hardly toes their line, but without him, Europe would be facing a refugee catastrophe. The level of support Turkey has received to house and protect the Serbian refugees is appalling .
But Turkey is very mineral rich and intends to support miners to exploit this "in house" wealth as it has now publicly stated. It is also very strategically placed and will always therefore demand respect. If there is Investor negative sentiment it appears unbalanced and no doubt influenced by western propaganda. Any visit to the Country will show how modern and impressive the infrastructure is. Look at the projects being undertaken by Ozaltin. Just a matter of getting things in perspective imo.
It’s interesting that they never mention Turkey’s gold accumulation program. They have been buying gold for years, in fact Ariana is required to sell all its gold to Turkey.
If you look at the GDP ratios to debt, Turkey’s is only slightly behind Germany and one of the best in Europe- a lot better than the U.K., EU or USA as I recall. The fall in the value of the Turkish lira reduces our operational costs which are already some of the lowest globally. Finally in the U.K. , EU and USA we nowadays just print more money (QE) borrowing it from ourselves with no interest and with no repayment terms. Why can’t Turkey follow the new magic money tree economics or am I being naive?
The charts are starting to look positive.
Our esteemed CEO has bought more shares
The massive special payout isn’t far away
Buying has resumed and the SP is ticking up nicely
Buy at these bargain, over sold prices?
DYOR
I'm told they understand the market and potential better State side. Will catch on here soon enough.
I've done the same, but in fact twice this morning! I see this as being just the start of something big.
I agree the selling at 0.20 was to be expected. Many long term holders probably been waiting 3 years for this moment. But the strategy is new, the Co. is brilliantly positioned and has first mover advantage. This could turn out to be an exceptional opportunity to ride this new, evolving, growth NFT market. History shows what can happen with new markets as Malcolm discusses in his interview with Alan Green.
A must listen new interview with Malcolm and Alan Green - 25 mins. All sounds very positive. Coinsillium right at the centre of this new NFT market. Exciting times. I doubt Coinsillium is understood yet.
Has cash till 2022. Opportunities coming towards them however bigger than they expected even last December.
Coinsillium going to ride the NFT wave in a very sustainable way.
Building long term value for shareholders.
Revenues from Stamp initiative not yet available. Will obviously be report on the revenues.
Gold rush - Coinsillium there with the picks & shovels.
Kerim has voiced he has £25m on the balance sheet . 50% of this after fees & taxes should be paid to shareholders. There is a court hearing tomorrow with supposedly capital reduction approved on 30th March. He says the 19000 ozs is nominal which sounds very soft. I would have made more of the silver element- missed opportunity. Bit surprised the new small, short term loan wasn’t announced in an RNS. I suspect for financial efficiency/tax reasons this is how they prefer to finance it. Don’t see that as any sort of an issue.
Ciaskin: Can I please ask if you know more details about the 1pm event today. It would be very much appreciated. Thanks
This was your earlier post: CEPI announcement tomorrowToday 19:44
I've had a reply from CEPI. The event is at 1pm tomorrow and they have included a press release which is under strict embargo until 10th March 2021, 00.01GMT/ 01.01CET.
Am I right in thinking CEPI make a further, more specific announcement at 13.00 hrs today? If that is the case I can’t see SCANCELL being able to pre-empt that. So perhaps something this afternoon? I’ve no idea, just trying to figure out if this is positive or indeed significant.
My reply on Twitter to Michael’s post.
Great guy who knows his onions. 1+1+1=5 sounds like the new transformational deal Ariana Resources (AAU) has just done. He would love Ariana’s world class discovery cost - $15 per oz. Copper is again identified as central to the “green “ revolution- Ariana buys into Cu in Cyprus.