Ariana Resources (AAU)

I learned far more from the London South East interview than from the Proactive one. I suppose I've kinda got too used to "proactive spiel" over time and as you have just suggested, roco, the direct questions by LSE got Kerim talking very openly and many of my deeper concerns about the business, the priorities and funding further exploration were addressed to my satisfaction. It is imho paramount though that Ariana grows without further impinging on our share price. I still believe much damage was caused last year just before the gold pour by the sudden placement. In hindsight and with the results of actual mining income (and ore quality) perhaps a loan might have sufficed at that point instead.

I find it incredulous that there is so much trading and hype over Sirius shares, which may not come to full fruition for many years, while at the present time our Ariana sp has been for so long in the doldrums. It really beggars belief. Kerim has given us a very clear map. Sirius I feel is still fraught with massive engineering operations and several years for things to go astray.

Have a nice weekend, guys and gals. Regards, DJ

All moving along nicely.
A 75 drill hole program for Salinbas would be great if funded by a suitable partner.
Could there be someone already in the wings?
Direct questions got Kerim to say more than he might!!!

He's been busy!

LINK

Very interesting interview I stumbled across, good background info but very interesting re Salinbas self funding at the moment, but if a 75 hole drill program is required then further funding required.
Very good interview and I'm confident and happy to hold for the long term.

LINK

1353 1724

Silver: The Calm Before the Storm
Adam English Photo By Adam English
Written Apr. 17, 2018

Silver has been about as dull as it gets for years now. You wouldn’t know by looking at a price chart, but that is poised to change.

Look at the trading being done by one of the largest market movers in silver, and you’ll see some puzzling mixed signals.

Dig deeper into the supply and demand fundamentals, and it starts to make sense.

While bearish positions are hitting records, the underlying market has dramatically changed over the last couple years.

And those market forces, bolstered by the market mover, could very well set off a massive breakout for silver prices this year.


75-Cent Miner to Surge 10,000% on Critical Announcement

In the next few months, a critical announcement will reveal the biggest gold mine in America.

And send the 75-cent miner that owns it surging for no less than 10,000% gains.

For reasons you’ll see, its real gold windfall has been kept hidden from the public. But that’s about to change.

You need to position yourself immediately.

Click here for the full story.

A Long History of Suppressed Prices

Large amounts of bearish positions in silver have been the norm for well over a decade now. Consolidation during and after the Great Recession is largely to blame.

JPMorgan inherited a massive amount of silver shorts when it took over Bear Stearns' assets right after the Great Recession. Combined with HSBC, the two megabanks covered 85% of all silver shorts.

These kinds of positions were incredibly difficult to wind down with substantial losses. There simply wasn’t a market to absorb what the bankers owned.

And so, they didn’t. They used their collective weight to manipulate silver prices lower and create their own profits.

The most egregious proof of this came from Andrew Maguire, a precious metals trader who sent detailed information in an email to the CFTC about what to expect in two days after he noticed signals from JPMorgan and HSBC traders using after hours high-frequency trades to crush prices.

The trader rapidly flooded the market with contracts representing a grand total of 7,000 tonnes. The seller then suddenly shifted and started purchasing everything they could. Still moving far faster than other traders, they walked with $3.6 billion.

The CFTC opened an investigation, but let the case linger, and ultimately closed it with no action.

It’s best not to bite the hand that feeds, or in this case will hire you in a couple years with a massive pay raise.

But since then, those massive institutional positions have changed, while traders have largely kept using the same rigged system to profit from suppressed silver prices.


Gold Miners Are For Suckers! Buy This Instead...

Don’t get me wrong... I love certain elite gold miners. But most gold stocks are for the birds.

Instead, my readers and I are putting our money on another type of gold play.

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In short, it generates MAXIMUM profits from gold price swings, while cutting your risk by 87%.

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What’s Happening Now

Silver prices have been locked in a price channel between $16 and $18 per ounce for a couple years now.

Add a bit of leeway to that price range, and we’ve been seeing a pretty flat market for going on five years:

The net short position for Chicago silver futures touched a record 39,604 contracts earlier this month.

Since then, they’ve retreated a bit to around 36,400 contracts, equivalent to about 182 million troy ounces, or 5,663 tonnes.

With such massive shorting, silver prices simply cannot move much higher. But the major market movers appear to be slowly switching sides.

For example, JPMorgan owned no silver back in 2011. Since then, it has quietly purchased more than 133 million o

Based on your numbers Dic, Is Ariana going to be the only miner (stock) on AIM with a P/E of less than 1?

production cost per share we will say the same as the last 1/4 .$585.00x gold produced 4866oz=$2846610 subtract that from cash produced =$409191.67 our 51%share is $20868775 convert to= £14608142.00divide by share 1059677937= 1.3785pence per share profit on the 1/4

i have just reworked the numbers for the jv $ profit for the last 1/4 .divide silver produced 30864 oz by gold produced 4866=6.34278oz to one oz of gold silver at $16.70 average price over the 3 months.6.34278x $16.70=$105.900 silver to one oz of gold at$1320.00=$1425.90x4866oz gold=$6938526.70 estimate total cash produced for the jv

possably roco kermin talks down and then exceeds market exceptions.tomorrow i will do the maths on the revised number but my gold and silver prices remain the same.so any of you fancy doing it .beat me at posting tomorrow

Dic - do you think Kerim is being ultra cautious with his 20,000 ozs?
Obviously he has to manage other issues in the mix like life of mine and grade.
Probably doesn’t want to use up all the best stuff at the front end.
But I reckon he could surprise the market with top side 25,000ozs and realistically 23,000 ozs. Under promise & over deliver.

my numbers are way out due to wet clay slowing through put, the average through put per month was 15k ton not 18k as they had hoped . all so grams per ton where 3.85 not 4 grams , but gold produced increased by 8% on the last 1/4 .the price per oz has increased this 1/4

I hesitate to post this because it is from KWN.

I do not remember a single forecast on KWN turning out to be accurate and I don't know how they have the nerve to continue to publish interviews with Andrew Maguire after his outrageous claims that flopped, but von Greyerz is a Swiss fund manager with apparently, a good track record.

Anyway, it has some charts that might interest anyone who is interested in the prices of gold and silver.

https://kingworldnews.com/world-edges-closer-to-war-greyerz-forget-pullbacks-silver-price-set-to-skyrocket-46x/

higher grades can result in lower costs, shall look forward to full results

wetter ore in through put 68600mined at 4.5 g/t a 37%increace in tons and a 32% increace in grades 1/4 on 1/4 no production cost per oz .we will know more when thew full results are finished