Ariana Resources Share Discussion Threads

[lottsgold] 16/4/2021 11:32

I'm not sure PG would value all the potential here just the cash and cash flow, they never did put any value on the exploration assets did they?

[charles clore] 16/4/2021 11:19

Plas it does beg the question why, when the broker values the company at more than twice the current market cap, our PR company sits in the shadows doing nothing to promote us or even put the facts out there to potential investors!

[lottsgold] 16/4/2021 11:06

Gold still looking strong stars will align soon. Then we will be fed up of media coverage hopefully!

[lottsgold] 16/4/2021 11:04

Yes I said PG, that note is useless with the new JV though isn't it? We are a totally different business?

[soulsauce] 16/4/2021 10:49

Plasybryn my comments on YJ were solely about communication, I know they don't do valuations.

[jaf1948] 16/4/2021 10:38

Charles,

No.

[plasybryn] 16/4/2021 10:38

Yellow Jersey are a PR/communication Co. Their don't do valuations. That is the role of the Broker/Analyst which in our book is Panmure Gordon. There latest Target Price is 6.98p, but using $1700 gold price and a 10% discount rate it is 10.32p. Using $2000 which might be appropriate given for gold equivalent, their target price is 11.99p at a 10% discount and 13.6p at a 6% discount rate. I'm sure you all know that. They will need to issue a new Note once the new strategy is articulated of course and account for the dilution associated with the proposed special pay-out.

[lottsgold] 16/4/2021 10:34

Yes we are on the edge of big things I feel, the share price reflects the wider market I won't blame management for that.

[lottsgold] 16/4/2021 10:33

I think communication could be better but I also believe there isn't much to report unfortunately we're waiting on permits, drill results, court dates and investments decisions. In regards to PG I think we are very hard to value at the moment and the way they value companies it may not be that flattering at the moment. Everything's a bit of a muddle, once these things are set in stone if communication is still rubbish I'll jump on the bandwagon. Just a humble opinion I take onboard everyone's points but I can't afford to stress about this, if you're not in for the long haul it's a stressful share to hold.

[charles clore] 16/4/2021 10:29

Lotts - they have been growing the business steadily since 2017 and the share price has dropped by 2p in the past year so I would hate to see what a contraction looks like. Seriously though, I think we are about to turn a corner with projects coming to fruition and PM's about to take off. Let Venus bask in its glory knowing we have a very cheap entry point. I can't wait to hear about our new project in Romania? Should be an exciting year sod the share price!

[lottsgold] 16/4/2021 10:12

I'm sure management are as frustrated as us by the delays on multiple fronts. They must be chomping at the bit to get moving but most of the delays are out of the companies control? I see no reason to keep moaning about Kerim being in Oz and the management not being aligned with our interests. They want to grow the business and that will reflect in the share price, if that's not aligned I don't know what is.

[charles clore] 16/4/2021 10:10

JAF - could your situation be summed up thus? "Whenever they issue a blockbuster RNS I believe in management but when they let the share price drift in a no news period I don't".

[jaf1948] 16/4/2021 09:49

Not a silly comment at all.

The company has millions in the bank and the directors have a cushion of options. Therefore they can adjust their timescales accordingly - a long term prospect here, a shorter term prospect there and if they take a bit longer, cash is no problem.

My timescales are not moveable. I have bills to pay today, tomorrow, next week without that cushion. Their best interests are not necessarily my best interests.

P.S. When I first invested, I did believe in the management.

[paul280i] 16/4/2021 09:48

I would not invest in a company if I believed the directors were not working in my best interests.

[bigglesbingham] 16/4/2021 09:42

I feel like that is a bit of a contradiction. The company has been put into this position by management therefore by definition the management are working in your best interests. Yes communication and PR need to improve dramatically but to say they aren't working in your best interests is a silly comment in my honest opinion

[soulsauce] 16/4/2021 09:40

I would maybe word that second one differently but at the end of the day I suppose it comes out at the same thing.

Do the company have any interest in the share price - little or none, but that is nothing new.

[jaf1948] 16/4/2021 09:14

Do I believe the company has a great future ? Yes
Do I believe that the management are working in my best interests ? No

It's as simple as that for me.

[lottsgold] 16/4/2021 08:50

Thanks Renniks, I'm not great with the Aim rules.

[renniks2016] 16/4/2021 08:18

No I don't believe so, ok, they are very unlikely to want to report on anything to do with a proposed deal, certainly not until signed into someway, but it wont stop them reporting on any of the many other fronts.

[lottsgold] 16/4/2021 07:05

If Kerims currently negotiating on purchasing an asset would that mean we will stay in a closed period until it is finalised?

[pharmoutcomeszzz] 15/4/2021 21:33

My concerns have been heightened by the updated guidance forAustralian citizens being given permission to leave the country. They can now apply online for permission to leave- one of the allowable reasons being to carry out their business. Simple 2-week process.
Renniks- I admire your unshakeable belief- but talk, even very passionate talk, is cheap.
Plasbyn’s suggestion is an excellent one and one I will certainly take up. I have a lot of respect for Kerim and would support the often expressed view that he has delivered on every front upto now. But he has made himself a very comfortable and rewarding living out of it and I have no compunction in letting the stress and frustration felt by me over the last 18 months be known to him for his poor communication skills and not giving us a clear vision for the future, backed up by concrete steps.
I worked bloody hard for every penny I have in AAU and I would feel quite comfortable that he is left squirming rather uncomfortably in his seat whilst listening to the co-ordinated feedback.

[plasybryn] 15/4/2021 21:05

Charles: I honestly don't think that is the case. Ariana is still very much Kerim's No.1 baby, but being a geologist doesn't probably best fit him, i.m.o. to be a class Corporate communicator and leading C.E.O. with Vision and strategic perspectives. You may recall a month or so back I was strongly advocating they add to the Board (strengthen it) and bring in these skills that are missing. It would be far better to run Investor Relations from within the Co. than via a P.R. Co. in my opinion. It isn't as though they are Glencore! The Board is too small and at the very least a Non Executive Director with these skills needs to be appointed.
Kerim believes in a "value will out" ethos. He isn't concerned short term with the share price and now he doesn't have to go to the Market for cash, the Share price is even more irrelevant to him. I believe that we the shareholders have got to make our views known that we don't consider this appropriate and that we want Ariana to up its game. To stop hiding under a bushel and promote itself in a professional and coordinated manner. I would recommend strongly that you make your views known to Henry Wilkinson, Senior Account Manager at Yellow Jersey so he can coordinate views and feedback to the Board.

[trommel1] 15/4/2021 21:01

My understanding is that Kerim has British, Turkish and Australian citizenship. He lived in Australia for about 5 years and Mdv told me that he returned to the UK so his kids could attend school in the UK. Kerim got 'stuck' in Australia last year with his family due to the Coronavirus. I think he made a good move getting 'stuck' and due to schooling will be in no rush to come back. He can do the Ariana job from Australia but I do not want his time and effort diluted by other commitments. He get paid well (salary plus shares)