Ariana Resources Share Discussion Threads

[bigglesbingham] 26/11/2020 08:30

Absolutely ! Great news

[1candc] 26/11/2020 08:24

Looking good, upcoming drill results could be a game changer

[actonovator] 26/11/2020 08:10

KS said Cyprus drill results before year end didnt he?

[2vdm] 26/11/2020 07:55

Long way to go yet, but agree Kerim is on the ball for us.

[catsick] 26/11/2020 07:50

Yes between them chf and aau have all the main sites in Cyprus sewn up, the fact that a 7bn company now has interest is fantastic news for everyone....

[soulsauce] 26/11/2020 07:26

Yes great news as a Chf shareholder and it does bode well for mining in Cyprus.

[lottsgold] 26/11/2020 07:04

Congrats the the CHF holders Polymetals buying in there should see a nice rise! Cyprus is hotting up which will only be good for us. Beat the multi billion miner to the prize, shows his astute Kerim is.

[bigglesbingham] 26/11/2020 01:06

Good line but I think the word you are looking for is delegating . One of the hardest things to do especially if you've been with one company all your life. Bit difficult when your bright and good at the focal point of the company but it will come.

[soulsauce] 25/11/2020 19:44

Yep and no need to do what he is really bad at - raising money 😉

[bigglesbingham] 25/11/2020 19:26

Absolutely lower in my opinion because investors was jam today not tomorrow. Yes board made mistakes on communication which they were warned about. However deal goes through effectively KS does what he loves exploring ie salinbas and Cyprus. Procea run kiziltepe as a cash cow and we get a divi

[soulsauce] 25/11/2020 15:55

I think probably about the same to be fair Charles that's why I believe there is good upside from here if and when the JV finally gets across the line.

Let's not forget the Jv delay is not only delaying onward movement on Salinbas it is delaying whatever projects Kerim had in mind for the money. That is what is most disappointing me tbh.

[charles clore] 25/11/2020 14:07

JAF - good post and I agree with your point about control being taken away from the AAU bod. I ßometimes ask myself where the share price would be had the bod not ventured along this expansionist path and just maintained organic growth. Would it be ok lower, higher or the same as today?

[jaf1948] 25/11/2020 13:55

As was discussed this time last year, both options - JV or no JV - give Ariana a profitable future so no damage done there.

The damage, IMO, that has been done to the company is twofold; first, it shows Ariana is no longer the master of its own fate and that could only get worse if the JV is completed. Secondly, it has shown that the board are not infallible - they handled their share dealings poorly and they over-promised and under-delivered which previously they hadn't done.

[kaos3] 25/11/2020 13:15

it is not the JV partners - it is the circumstances that they are exposed to - but they can not comment on - if they want smooth sailing in the future. imho

it is beyond their control

why do you think K is still in oz?

same strong arguments eg travel restrictions or translations .... and talking about (not) doing millions. yeah

we must wait

[konil] 25/11/2020 12:52

plasybryn, thanks for feedback. its the shenanigans you mention that make me wonder if deal is really as close as we are led to believe. hope so but not holding my breath.

[plasybryn] 25/11/2020 12:35

Well I was at the Analyst & Investor Day held at the Hilton Hotel, Islington on 25th November 2019. I was there from midday till around 9 o'clock in the evening. There was lots of excitement and lots of coming and goings. It seemed to have created lots of widespread interest. Kieron Hodgson from P.G. was saying that all shareholders would want to know is how much is the payout and when will it be received. I thought it could well have lead to Institutional buyers and perhaps it did, but less than noticeable 3%'s.

That morning of 25th they were panicking because they were waiting on the other parties/and NOMAD to sign off the RNS. They expected it to go live at 7am but in the end it was nearly mid day just before the start of the meeting. Very tight! But goodness me, did any of us expect 12 months later to still be becalmed with the deal details still unconfirmed and unratified. It must be embarrassing for them. I wonder how much flack they have had to take?

But surely we must hear something this month - 3 trading days. Fingers crossed.

[thanksamillion] 25/11/2020 11:48

Tarsvan and Cyprus for me, copper on a long term rise. AAU will be a different and much larger outfit in 5 years time.

[bigglesbingham] 25/11/2020 11:23

The shareprice would have been languishing well below current price imho if they hadn't declared it. Also instead of fixating on the JV this board would have been fixated on tarsvan news . Just human nature

[konil] 25/11/2020 11:21

surely with aau's in-country experience over many years including bringing a mine to production from a standing start and now with a local big boy (ozaltin) adding their weight, these matters have had enough time to be resolved, covid or not.

despite noises from aau that all is hunky-dory, it always is until its not i.e. aau themselves may not see the break coming. that is often how business works, a deal is always on until very suddenly its off.

a broken deal is not a problem in itself for aau - margins are healthy even with lower gold prices and aau have tavsan to provide a step change plus other projects - the problem will be the market reaction to news of jv not happening. i fear much expectation has been built into the jv and if abandoned and with gold in a downtrend for now it could hit the share price hard.

if we do not hear of some progress by early part of december, which leaves the clear calendar month of november between dir dealings and the hoped for announcement, i will not only continue to be frustrated but my 'bad feeling' vibes will be in overdrive.

[soulsauce] 25/11/2020 10:36

Unfortunately the gov't machine doesn't turn very quickly in the Turkish mines dept' as we have often seen with the issuing of permits etc. As it seems some of the work left to do involves them to sign it off then I feel we may still have a time to wait yet. But yes it should have been managed much better.

[sonoftherock] 25/11/2020 10:20

It's the fact that one year on shareholders are trying to guess why we're experiencing delays that gets me. Delays happen, but why can't the company be more clear in explaining the real reasons for delays?Maybe it's an AIM thing (I mostly invest on other exchanges; ASX, TSX etc) but I get the feeling that Ariana are a bit reluctant to disclose fully if they don't feel they have to. I feel a bit mushroom like when it comes to Ariana. But maybe I'm alone in that.

[kirbs4] 25/11/2020 09:48

Amen Pharm!

[thanksamillion] 25/11/2020 09:45

Not worked out as i hoped, thought with the UT being top of the range we would at least start the day with buys at 5.4p and mid price perhaps moving up mid morn.

[pharmoutcomeszzz] 25/11/2020 09:45

Totally agree Kirbs.
KS has damaged his hard earned reputation for under promising and over delivering.
Being the extremely bright spark he most certainly is, I hope he has locked this experience away in his memory bank and going forward only gives us timelines which are totally under his control and reasonable.