eltelex
04 Aug 2016
Re: bought in at 46p Have dipped my toe in the SOU water a bit but would be increasingly anxious as news is released. Usually rumours are better than fact.As for Marl - this is a really nice trading company and kept me happy for a couple of years. As said to Maverick I think it should continue to rise probably another 20% before moving down again.
eltelex
04 Aug 2016
Re: on the up Thanks Maverick - one I got right. Makes a change.For what is worth I believe that we should get to the high 60s before some type of cyclical retrace.Long term this will be well over £1 but not sure on the proposed sale schedule of Eric.
eltelex
04 Aug 2016
Re: Eric Roth looking to increase holding Thanks - good spot.What timeframe is Eric working towards for a TO/ Farm down?We know he is a professional at growing shareholder value.I am sure his plan is to sell the company at a massive upside but when is the key question.
Fowlertheprowler
04 Aug 2016
Eric Roth looking to increase holding See 8.24-8.27 mins on interview from link below:[link] biding his time until a strategically timed announcement. Did he expect share price to drop back so he could buy back in on TSX? Price has gone up since his sale and almost certainly regretting his previous sale. I expect by end of August/ Early September that Eric will have more skin in the game. NM
dicfromrugby
04 Aug 2016
posted on aau 12:41 news b of e dicfromrugby[Interactive Investor client] interest rate cut to 0.25% more q e to lend to banks and buy bonds.£falling gold ££1035 ptoz
Pharma Brown
04 Aug 2016
Re: bought in at 46p Well done Eltelex! For my part I did the complete opposite: I have temporarily sold out of MARL, and am invested pro tem in SOU, hoping for a gain there enabling me to buy even more MARL if/when the price drifts down a bit during August. But the prices today are making life hard! Fingers crossed that I will get a chance to buy back at the 46p which you have achieved.GLA
Maverick
04 Aug 2016
Re: on the up Your 46p was a cracking buy, well done.
eltelex
03 Aug 2016
on the up past 68p I think this time
pr0t0n
03 Aug 2016
Interview with Eric Roth AN EXCLUSIVE LOOK INTO MARIANA RESOURCESRecorded live from the Sprott Natural Resource Symposium Cory had the opportunity to sit down with Eric Roth, COO for Mariana Resources (TSX.V:MARL and TSX.V:MRA. Mariana has a very high grade property in Turkey that has garnered a lot of attention over the past 18 months. Some of you might remember Eric as a director of Extorre Gold Mines before it was acquired by Yamana back in 2012.[link]
pr0t0n
01 Aug 2016
Brent Cook Brent Cook @6m.16sWell , he reckons Lidya will buy us out.[link]
Cygnus_7
29 Jul 2016
Re: HOT MADEN VALUATION eltelex - what's the reason for the retrace today. Had this going to 60p plus this week?Just a wild guess but I'm thinking it might just have something to do with the political chaos going on in Turkey at the moment. Then again it could be global warming !Cygnus 7
eltelex
29 Jul 2016
bought in at 46p pretty happy with that
eltelex
28 Jul 2016
Re: HOT MADEN VALUATION PB - what's the reason for the retrace today. Had this going to 60p plus this week.No matter - just will be cheaper in the morning when I top up.
Pharma Brown
27 Jul 2016
Re: HOT MADEN VALUATION Malbrad, your figure of 3.43 mllion oz is only the indicated portion of the Main Zone. To that add: 439,000 oz equivalent for the inferred part of the Main Zone, and 351,000 oz for the New Southern Zone, = total 4.221m oz (that figure being comparable directly with the 3.001m oz of the August 2015 maiden resource estimate, whereby at 30% MARL had 900k oz). Thus the figure attributed to MARL (30% of Hot Maden) was previously 900k oz and has now become 1.2663m oz. If we follow your suggestion that the current market cap of MARL is based entirely on Hot Maden, then current MCap (119.93m shares in issue x current mid-price 56p = £67.16m) gives a valuation of £53.04 per ounce for MARL's 30% holding. Punters are variably citing between £100 and £250 per ounce as potential prices.......I'm no expert on that, but whatever the range may be we are likely by virtue of our very high grade for the vast majority of our ounces, and the mere 20m of overburden over the top of it (therefore very low capex anticipated for mining it initially) we should be at the top end of the range. In conclusion, MARL is hugely undervalued at the moment. However, on the negative side we have the uncertainty regarding the after-effects of the recent Turkish coup attempt, and also a significant wait until end of September or early October for the next significant news (PEA) during the Summer vacation period when markets traditionally slide backwards. So my personal view is that we will see the share price hovering around its present level for at least the next month. Which means we have a great topping-up-without-pressure period ahead of the rise before the PEA. Just my own gut feelings, and like most others I have made substantial losses on AIM as well as finding a few gems! Good luck!
MALBRAD
27 Jul 2016
HOT MADEN VALUATION In round figures MARL has a market capitalization of about £60 million. If we make the simplifying assumption that all other assets are worthless and recall that our share of Hot Maden is 30% then the market is valuing Hot Maden at £200 million. Given 3.43 million ounces of gold equivalent as per the recent resource estimate then each ounce in the ground is currently being valued at about £58.31. Conversely if we value the rest of MARL's assets at say £15 million ( probably an overestimate but not wildly out of line with pre Hot Maden market capitalization) we get a 25 % lower valuation. A mining company wishing to develop the mine will of course need to invest capital in providing the necessary infrastructure, hence the need for the forthcoming preliminary economic assessment. I currently have no idea whatsoever of whether the above valuations of implied gold equivalent in the ground are above or below the prices at which gold deposits are changing hands. The Northland valuation clearly implies a higher valuation but I have not been able to access their report. Has anybody on this BB got any insights into valuation, leaving aside the probability that forthcoming drilling will increase the size of the lower grade but still worthwhile outlying deposit?
