Ariana Resources Share Discussion Threads

[kirbs4] 09/12/2020 19:36

No need for that JAF. All views are valid views, especially those of a shareholder. Those who disagree should perhaps be looking more at how we got to a point where a shareholder feels that way, and explore how we resolve that, as Biggles has done. It's not about convincing you you are wrong.I believe in the big picture KS is deserving of being rewarded, but given the recent frustrations linked to shoddily handled communication around the deal, plus several missed deadlines, I can absolutely understand your stance. I see that more as a timing issue though, and the resolution is also related to the points Biggles has already called out imo.

[temujiin] 09/12/2020 19:20

JAF1948,
no need to depart because you feel the forum is mostly against you, and I know how that feels with some even trying to get others to filter me. It's important you and everyone gets their views across even if the majority don't agree.

Holding a minority view obv don't mean you're right, it also doesn't mean you're wrong either and most here appreciate a polite alternative view if well argued.

[soulsauce] 09/12/2020 18:58

No need to apologise Plasybryn, great post. I think you nailed what most of us are thinking, especially regarding the capital reorganisation.

[kirbs4] 09/12/2020 18:50

Good post Plas, unfortunately all outstanding points/missing information is the stuff shareholders!/potential investors need to know to calculate when they may see the benefits associated with the deal finally getting through. While it's left to those people to make assumptions for themselves, the fact its been delayed so many times already is an issue imo.

[plasybryn] 09/12/2020 18:29

I was pleased to hear Kerim say in the video today that the virtual General Meeting is 30th. That is a sign in my book that they are going to push things along now. Presumably the Agreement must be issued to shareholders via an RNS Thursday or Friday, giving us time to vote (approval for the Transaction using the words in the RNS). For most this will mean contacting your Nominees Holding Co. to register your vote.
I hope we are provided with more specific information on how long the necessary regulatory approval is expected to take. Is this just a formality?
As to the special dividend, I see there will be a separate General Meeting, but I'm unclear how it will be possible for the one on the 30th not to refer or include this in some form.
I'm also not clear why the capital reorganisation is taking so long. A prerequisite of the pay-out. This has been mentioned for months and probably known about since the start a year ago, so hopefully this shouldn't take much longer. Perhaps it can't start until the Deal is agreed. And final we will need Turkish approval for an inter-company dividend. Has this application been made I wonder? Or again does this have to wait for the Deal to be ratified. Subject to a successful General Meeting on 30th, how long before Ariana receives the money in its Bank Account? I wonder if the General Meeting will provide an opportunity for questions? Sorry just rambling away with my thoughts.

[lottsgold] 09/12/2020 17:55

JAF I would also have your voice heard, if the board is one way it becomes pointless. I sometimes need to re asses and opposing opinions help. I do however feel Kerim has earned the right to position himself for maximum rewards coming into the divi and JV. Many years of work have gone into getting to this point, why would anyone bother with the stresses if there weren't rewards. I think that's the point of capitalism. I trust the BOD to not take the mick. If they start to I will make my voice heard along with many here.

[bigglesbingham] 09/12/2020 17:32

JAF I'd rather you stayed as all comments are welcome and add to debate some of which I'll argue against. Re reading your post Your implying that money is made only when you convert to cash but assets / shares have value whether you convert into cash or not (as long as the facility is there) . With regards to doing things wrong I believe the board need to appoint new broker, promotion company and nomad. I think their marketing and investor relations is ineffectual in getting out to the masses and I've told them. I will criticise directly to to company rather than a bulletin board. In this instance I understand why KS has done what he's done and I've no issue with it.

[jaf1948] 09/12/2020 16:32

The share price was around 5.2p at the end of July - it is around 5.2p now so no-one has made any more money from their shares. Topslice or reallocated fund are not new money.

It is clear that like most bulletin boards, after a time they cease to be arenas where people can exchange ideas and turn instead into fan clubs. Therefore at this point, I will take my leave from here and keep my opinions to myself.

[shortarm] 09/12/2020 16:12

Only the directors have made money??? Crazy talk that! I know of several who've topsliced! Or reallocated funds. 115k is nothing as a salary!!

[jaf1948] 09/12/2020 16:00

I chose my words very carefully. I have in previous posts cheerfully acknowledged how well LTHs have done in the past year which is why I specifically referred to the past three or four months when the price has stagnated.

It was a statement of fact, not a subversive dig at directors or anyone else. There are too many people on here who are over-protective of the BoD and see anything not overtly positive as directly negative.

[bonehanmer] 09/12/2020 15:42

I agree with Biggles, clearly based on the returns over the past year alone the troops have been fed first. If you have only been in AAU for the past few months or less then thats on you. Can't expect to be fed when you arrive late to the party...that being said, I am sure dessert is on route in the coming weeks.

[bigglesbingham] 09/12/2020 15:31

With respect if you are LTH you have held for more than two years therefore you've made 400% in two years. I think I'm missing your point unless your saying that long term holders have made significant profits but the price has stayed flat over last three months so your begrudging directors taking some cash from the warrants which were awarded for getting the company to this point?? Surely not, if so give me a break

[jaf1948] 09/12/2020 15:28

You feed your men first, then you have your meal.

[1candc] 09/12/2020 15:25

But they work at Ariana don't they? They have an actual job that they get paid for, they have created the company that we see today, are they not entitled to a reward.
As to making money the share price has gone up over 120% in the last year, I should imagine a lot of people have made money from that increase if they sold some of their shares.
I just don't understand the constant carping about Director's remuneration.

[jaf1948] 09/12/2020 15:10

I do not begrudge KS his warrants but the only Ariana LTHs who have made any money out the company in the past three or four months are the directors.

[lottsgold] 09/12/2020 15:05

Hi Biggles, you infer an institution was sniffing round. I'm not sure what you can say but can you expand on who and any comments or is it confidential?

[charles clore] 09/12/2020 14:17

I'm topping up now. 250k - small steps. Think we could see a breakout by end of week.

[bigglesbingham] 09/12/2020 14:11

I think you will find the shares were sold to a buyer off book which doesn't have an effect to the shareprice as they aren't dumped into the market so his transactions would not have affected price. He sold last time saying he wanted to increase his holding via crystallisation of warrants to do that he still has to find the money to purchase, in a nutshell as I see it. KS has crystallised warrants then sold the bulk of these shares warrants but still resulting in a increased holding of 1.5m. I think The sales were sold to institution (same one who was sniffing around me probably). In effect he's used the warrants to raise some cash. Where KS circumstances differ from other investors on here is the bulk of his assets are in Ariana. He told TW all pension in AAU. Therefore nothing wrong with what he's done. Wish some on this board would exercise their brains now and again.

[paul280i] 09/12/2020 14:00

But a little less divi to us!

[dixi] 09/12/2020 13:51

More divi to KS too, a win/win it seems :-)

[charles clore] 09/12/2020 13:51

xow - I can understand what you mean by your last post but Kerim's taking up options and immediately selling may have been something to do with the increase in his shares held in the company before signing the deal. He couldn't very well take advantage of the options now in full knowledge that the deal would significantly increase the share price as that could be interpreted as insider dealing and obviously contravenes the rules.

[1candc] 09/12/2020 13:49

But he has increased his holding overall, albeit at a very nice price!

[charles clore] 09/12/2020 13:40

Things never change. Directors are always first snouts at the trough come feeding time.

[xow98] 09/12/2020 13:31

In effect KS has sold 10m new shares into the market over the last 6 weeks, with the obvious resulting fall in price. Clearly he has the right to do so and it explains the price momentum, but why would he sell that many? LTH's all expect the price to increase significantly in the short to medium term, but this does make one pause and think about it.