Ariana Resources Share Discussion Threads

[charles clore] 02/12/2020 15:36

Today's news was, imho, simply an extract from the final agreement to pacify disgruntled shareholders who are clearly unhappy with the delayed JV. However it does show things are moving in the right direction.

[kirbs4] 02/12/2020 14:44

Circular tomorrow on the back of a strong response to today's news would create some good momentum imo. Still only recovering lost ground but good to see.

[bigglesbingham] 02/12/2020 12:57

Based on this rns ozaltin must have agreed this as NS stated. They must have agreed docs back or else why issue this Rns. So assuming that I'm hopeful for info for shareholder approval shortly . Exciting times indeed. Again if the growth of CHF anything to go by we should expect double digits within months

[soulsauce] 02/12/2020 10:50

Thanks for posting 1candc much obliged 👍

[1candc] 02/12/2020 10:38

from NS

Another little bit of good new today from AIM-listed Turkish gold-producer Ariana Resources (AAU) adds to the investment case here. It has agreed to sell the satellite projects around the Kiziltepe processing plant to the joint venture for $2 million, payable over 20 months, conditional on the completion of the dealt to bring Ozaltin into the joint venture currently involving Ariana and Proccea.

That will further strengthen Ariana’s cash position post the deal with Ozaltin, assuming it goes through, which is good news. But perhaps more importantly, it is a clear signal that Ozaltin really does want in, as it would have had to approve this and wouldn’t have bothered if there were doubts.

As for Ariana, it does seem that CEO Kerim Sener has something up his sleeve because we are told that the company looks forward to updating the market…on the advancement of our portfolio. And there are clearly ongoing discussions over the joint venture (the go-ahead for a processing facility at Tavsan, for example, not to mention Salinbas) which will also be expanded upon in due course.

The proposed corporate action is dragging on, but it is clear to me that it will happen and as such I am looking forward to the special dividend which will result – perhaps as much as 0.75p per share. Now with more cash set to arrive over the next couple of years, there is the possibility of further (rather smaller) dividends going forward.

With news clearly set to come which I believe will drive a material re-rate and the shares still purchasable at 5.5p or slightly under, the stance remains BUY with a target of 7.5p in the short term, and rather more with a following wind.

[konil] 02/12/2020 09:56

yes that's why i'm kicking myself while cussing the delay. some while back i sold out pm positions elsewhere and ploughed it and new money in here. d'oh.

even though investment decisions remain one's own responsibility, does not mean i have to like the way things have been going with the company. eh?

for some balance, i do think operationally they are doing very well, but commercially its a bit of a shaggy dog story so far.

[pedr01] 02/12/2020 09:38

Investment decisions are a choice that you personally make though, and is the only thing that you actually have control over.

[konil] 02/12/2020 09:30

i am a cynical sour old git so i'm not impressed with the rns. strikes me they are trying to buy time with the market for delays to the jv, so unless we are pleasantly surprised with another rns in the near future about jv completion we could be in for a long wait perhaps well into 2021. the sale of satellite projects is conditional on the jv so just another thing to wait on. i suppose if the one-off divi is larger than anticipated (with coffers swelled with profits while we wait and receipt of monies from sale announced today) that will be some recompense but we may not see any of it until march and meantime opportunity cost of holding and waiting means other opportunites sit untapped which gets expensive when they are moving up and nothing much happening here.

moan over, back in my cage now.

[kirbs4] 02/12/2020 09:09

Can't be sure of the answer to that question, what I can be sure of is the answer is certainly not committing to several deadlines for a deal that ends up being delayed 12 months, and timing a directors share sale after the last delay announcement :).Hopefully the answer is the responses so far, and hopefully we get it!

[1candc] 02/12/2020 08:43

That could help mad foetus, maybe I should go and sit on Santa's lap and ask for that, bit pervy though! Anything for the cause.
What a difference nowadays to Ariana's cash position of some years ago when any new RNS was opened with dread to see if it was another dilution and cash raising hit, now the RNS's tell us the company is awash with yet more cash, makes a nice change.

[mad foetus] 02/12/2020 08:37

Complete the JV, give an update on Cyprus and further drilling results from Salinbas. That's my advent wish list

[ironstorm] 02/12/2020 08:11

Well, well. Nice cash return. Whilst the deal is taking its time looks like they must be getting through the detail and this is tidying up before it’s signed.

Be good to understand their full ambitions once the JV is done.

Cyprus must be just the start.

[renniks2016] 02/12/2020 07:48

That's the farm in to 50% of Venus paid for with out having to even open their wallet! tidy.

[bigglesbingham] 02/12/2020 07:47

The news that HUM has failed to meeting lower guidance just puts into perspective how well AAU has done over this difficult time. Did tip my toe into HUM recently as they had come off 25% at sub 30p feel they may be somewhat lower by the end of day. Ha ho .

[bigglesbingham] 02/12/2020 07:44

Sounds to me that kiziltepe and satellites are the cash cow, exploration in salinbas exceptionally promising and free ride potentially blue sky and AAU is left to concentrate on exploring and developing Cyprus plus other regions with the cash. An exceptional business model if you ask me.

[soulsauce] 02/12/2020 07:38

Lovely news, more cash. I should imagine it includes Irvindi too but just mentions Kizilkukur.
They are going to need that extra ore to feed the updated plant.

[bigglesbingham] 02/12/2020 07:33

Don't know about indication it's basically reaffirmed deal is on. They are just tidying up the projects into the JV . Obviously this has added slightly more complexity to deal wording but I'd hope for circular anytime.

[bigglesbingham] 02/12/2020 07:30

And must thank you for pointing me in that direction which had the same result for me. It's amazing that CHF has gone to market cap £11m on the fact that they have licences done drilling but still await assay results and a large player buying in 25%. I actually don't believe Cyprus is valued into Arianas shareprice and we have a resource there plus excellent licences. Mad really but will come out in fullness of time.

[lottsgold] 02/12/2020 07:08

Good indication the deal is still on and again more cash to AAU. If they keep this up our cash balance will equal market value!

[gamesplayer] 02/12/2020 07:07

RNSLooks like things are progressing with the JV and some more cash it seems.

[catsick] 02/12/2020 06:46

I must say I really have to thank aau for being a bit cryptic about what they were up to in Cyprus which erroneously made me think a jv with chf was on the cards and made me pile in there which has now made a very swift 5 bagger .....

[kirbs4] 01/12/2020 22:53

Thanks Soul, Biggles! Minor hope it resonates.