By Nigel Somerville, the Deputy Sheriff of AIM | Monday 21 October 2019
Disclosure: I own shares in one or more of the stocks mentioned. 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.
Shares in AIM-listed Ariana (AAU) have been a wild ride this year, ranging from around 1.45p at the start of the year to a peak of almost 2.6p at the peak in June. The stock has been helped along by the rising price of gold and the impending settlement of the bank by its Joint Venture at Kiziltepe come April, which will transform Ariana’s income profile. But more recently a correction set in amongst gold stocks, and then came President Erdogan’s foray into Syria after Donald Trump cleared the way by withdrawing US troops.
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