By Nigel Somerville, the Deputy Sheriff of AIM | Friday 30 November 2018
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
AIM-listed Turkish gold producer Ariana (AAU) has seen its share price move a fair bit over the past few days. The shares have been bumping along the bottom at around 1.25p for a while and even dropped to almost 1.1p last month. Now, with a very positive update from its Kiziltepe plant at the Red Rabbit project in Eastern Turkey (and terrific looking financials), a positive (house) Broker note, exploration news and an investor evening in the last few days, the shares are up at a much healthier-looking (roughly) 1.425p, if a tad volatile (they’ve been up to 1.525p and down to 1.375p today). So should we be cynical and expect a placing?
Join us for free and gain access to three articles per month
Or become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.
Filed under:
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Time left: 18:17:05