Ariana Resources Takeover Rumours (AAU)

trevor ... takeover ... exactly my thoughts all set just before the real take off cca 2 years down the line i hinted at it in my previous posts - southampton uni afrika boys did it to me several times by now but one never nows. this time it will be different - hopefully

Thanks everyone who congratulated me on the being nearest to the 3p competition. I think at the beginning of the year when we made our estimates the share was just starting an upward trend and we all hoped it would continue faster than it did. But all us long time holders know Ariana doesn't work like that. I really enjoy this board although I am not a prolific poster. we discus this share in a civilised way, no petty one upmanship, long may it continue I appreciate the more experienced shareholders views and am gradually coming round to the takeover, but I am still not 100% committed

Ariana – More Thoughts On Yesterday’s Surprise Move I’ve been chewing over the announcement yesterday by AIM-listed Ariana Resources (AAU) which is to takeover Rockover Holdings, the owner of the Dowke Gold project in Zimbabwe. There are a few salient points here. By Nigel Somerville 2024-04-26 12:12:1 Comments section: Magna Carta Fund raise for AAU for Zimbabwe, just what we wanted not ! How can AAU management think we want this ! No doubt tom loves it ! Tom Winnifrith Mod Magna Carta as ever you ignore facts and data and just rant on. Up the meds you are an ill man. I shall pray for you tonight

I don't like the dilution (especially at today's SP, albeit it could have been worse last month at 1.7p) and would have far preferred to see the acquisition done half in cash (from either reserves or borrowings especially since Tavsan will be throwing off cash shortly) and only half through newly issued equity. That would have ensured newly motivated board members and equity holders without the potential danger of a reverse takeover - it wouldn't cost the Rockover management a huge amount to buy 12.5% - 13% of AAU's equity and take effective control

Just as important as the takeover cost is how the mine will be funded. You big shareholders need to hold Kerims feet to the fire re dividends.

This company will receive a takeover bid soon imho