Nigel S.10 Oct 2020 19:43
Friday update from NS
"I am also keeping a close eye on Ariana Resources (AAU). Preliminary Q3 numbers are due perhaps next week. There is also the proposed corporate action and special dividend (perhaps as much as $10 million worth). And there should be exploration news from Salinbas and drilling news from Arzu South as Kerim Sener and his team get a handle on potential underground operations there, not to mention smoke signals on a go-ahead for the new mine as Tavsan. At 5.95p my stance is strong hold with a target of 7.5p and there are plenty of catalysts there to propel the shares higher even without a resumption of the gold bull-market. With a resumption of the gold bull I will be looking for 10p in the end – and more besides if Kerim Sener continues to deliver.
Gold may be out of the news again now, but I suggest that is a temporary affair as the current correction grinds on. In a few months I reckon that the yellow stuff will be much higher – and so will gold stocks. So I think that hanging on tightly to gold shares, which are a geared play on the metal itself, and picking up the odd bargain will prove a winning strategy. "