Ariana Resources Share Discussion Threads

[dixi] 04/2/2021 08:22

This may well bounce on final sign-off, but on the other hand (going by recent performance) it may not. If it does it's got a lot of ground to recover. A lot of ifs and buts from investors recently. I have no doubt at all that AAU should have a bright future. But that does not necessarily mean greater rewards for shareholders.

[kirbs4] 04/2/2021 07:56

Yes and I agree long term, but short term there is too much uncertainty. I've been here for over 5 years, it was the right thing to do to cash in some multi bagging shares up in the 5's and even 6's. I was happy to hold the rest because of exactly what you say but there have been too many delays and too much current uncertainty/lack of clarity for me to stay exposed at the level I was, whatever anyone thinks of AAU and Kerim, this is AIM and I feel it is right to be cautious. I am also not concerned about a massive peak if/when all is announced because its been known for long enough that most interest would already be involved by now and even a 40% jump just gets us back to where we were last year, I therefore don't envisage a scenario where I won't be able to buy back shares under the 6, 5.7, 5.5 etc that I've sold some at, should I want to jump back on the train once the current uncertainty is out of the way. The 4.8 or so from last week will probably be eclipsed on news but I can stomach that for a few.

[shortarm] 04/2/2021 07:46

It all helps :-)Kerim turned 35K into 3.5 million, I'm quite willing to wait and see what he can do with 20 million dollars or so.....

[plasybryn] 04/2/2021 07:45

As had been said, I think we have to draw solace from the fact we haven't heard anything. No news is good news as they say. With the announcement so imminent they probably don't think it is even necessary to issue a holding RNS.Kerim knows the value is there and that an announcement is very close, so probably can't fully appreciate what we are fretting about.

[kirbs4] 04/2/2021 07:39

Those shares have done much better where they sit now thanks, so I was never not happy, just contributing to a good board ;). If it was about emotions though, moving from 13 to 11 months late would only make me about 15% happier.

[shortarm] 04/2/2021 07:35

Actually, wait until JAF has let go and then get some even cheaper!

[shortarm] 04/2/2021 07:34

So now you are happy again and you are going to buy back those lovely shares you sold? Right :-)

[kirbs4] 04/2/2021 07:30

You are right Shortarm, while it was 14 mo this ago they announced it, they did indeed say it would be by end of Feb 2020 (before any lockdown I may add). So "only" 11 months late not 13, my bad.

[lottsgold] 04/2/2021 07:26

I think we may have been told it's the company structure that needs finalising in the last proactive interview...they clearly expect it anytime or we would have an update in my opinion..frustrating for the BOD as well as us I'm sure. Realistically the Government sign off was the only thing that was going to scupper the deal and I believe the solicitors will be done in the very near term or we would already know there's an issue.

[shortarm] 04/2/2021 07:23

Mr Meldrew, all you do is complain lately! Man up and vote with your feet, the pessimism won’t be missed!
I think the average age here means people are sat at home or down the golf club thinking about their shares all day - I’m just working and waiting.

[jaf1948] 04/2/2021 07:03

Please get it right. People like me are not complaining that it has taken so long - we are complaining that we haven't been informed of the reasons for the current delay.

And it looks like we're not going to be told today either....

[linz22] 04/2/2021 05:59

Spot on, Short. But it is rather trying on people's patience, not least as so many alternative investments in the sector have seen so much positive activity.

That said, the recent negativity expressed on this board doesn't help the wait...

[shortarm] 04/2/2021 05:13

When you say 13 months late....? It's not 13 months late unless you expected it to be completed the same day as they announced it!??It's taken 13 months.It's taken 13 months in an unprecedented global pandemic!! I for one remain of the opinion that this is about to be an excellent example of the stock market moving wealth from the impatient to the patient!

[dixi] 03/2/2021 22:31

Same here Kirbs4, retaining enough to make this worthwhile for me (hopefully). But now more within my comfort-zone.

[kirbs4] 03/2/2021 20:02

I hope there is news too as I remain invested to a lesser extent, and genuinely hope for the best for all the LTH's that engage regularly here. I know I can sound negative about all this but I am trying to be realistic. If there is no news tomorrow I would have to consider taking more off the table. AAU don't release news on Fridays so that will be another week, and I would start reading more into the throw away interview comment about the remaining structural issue myself.

[jaf1948] 03/2/2021 16:45

Amen to that.

[bigglesbingham] 03/2/2021 16:41

Hope so or at least an update .

[plasybryn] 03/2/2021 16:39

These are three big announcements from recent RNS's that says it is happening.

1· Pre-payments under the terms of the agreements totalling US$2.75 million have been made to Ariana and Proccea, of which Ariana has received US$1.5 million.

2· Approval received from the Competition Authority, representing the final regulatory condition precedent for the conclusion of the expanded Joint Venture.

3. We are now working with Özaltin and Proccea to finalise the Transaction, so that we can commence activities across our projects within the framework of our new JV.

News tomorrow?

[lottsgold] 03/2/2021 16:35

God I hope there's news tomorrow so we can all move on with our lives! Have a good evening sellers, holders and buyers.

[charles clore] 03/2/2021 16:26

I agree the delay is very frustrating but no reason to think it isn't going to happen. When it does I think it will catch a few people out.

[lottsgold] 03/2/2021 16:25

Has anyone taken the time to look at where other miners and explos are from their highs-PUR -30%PXC -16%PALM- 23.7%HOC. -31%CHF -33%There are some that have fared better but we certainly aren't alone and I feel we have more chance of regaining our quickly than many on Aim. Our situation is probably more frustrating than most though...

[charles clore] 03/2/2021 16:24

As it stands we know the deal is going ahead. If not they would have to announce it.

[jaf1948] 03/2/2021 16:13

Is it being priced for no deal ? We have no idea whether the original deal is going ahead or whether there is some last minute snag. We have no idea if another deal with another company has been mooted. Personally, I don't care whether the deal goes through or not - as we debated last year, there are pros and cons.

I could go on and on - the salient point is that we do not know what is going on. That is why the share price keeps falling.

[kirbs4] 03/2/2021 16:12

Well 35% will get us back to where we were last year, would that count as an explosion?

[charles clore] 03/2/2021 16:10

This is now being priced for no deal and we have no reason to think that it won't happen. Even if it doesn't the company is worth much more on fundamentals. When the deal is signed this is going to explode imho.