Ariana Resources Share Discussion Threads

[kaos3] 10/6/2021 10:27

I think it is not about commentary per se - talking is tiresome (being married) - but

reporting about what they do, what they plan to do, checking the time schedule is ok - so one can risk manage his investments


one has to be able to know what is going on in projected time (or why is it not happening as planned).

silence is risk: they are not doing it at all, they have problems or someone is incompetent so it is going slow, they are doing it and are not reporting

leaves bad taste of doubt into something unknown

[soulsauce] 10/6/2021 10:24

You can't have it both ways Thanksamillion. You can't possibly agree with both Plasybryn and carcosa's comments.

[thanksamillion] 10/6/2021 10:21

I dont disagree with that Plasybryn.

[soulsauce] 10/6/2021 10:20

carcosa the dividend is massively late and communication on it has been poor. If you don't think the company need to comment on one of the biggest things that has happened to this company in it's life then that's your prerogative but I think most on here will disagree with you.

[plasybryn] 10/6/2021 10:18

Please don't critics them for issuing an RNS to confirm case one went according to plan.
This is what many of us have been trying to do for a few months now, that is get them to communicate better with shareholders. Today's RNS, although perhaps insignificant to some, perhaps shows they are listening to disgruntled shareholders and this is the start of a more communicative Ariana. Hooray to that. I'm delighted.

[thanksamillion] 10/6/2021 10:15

I agree carcosa, the complaints have got to them, the need by some for a running commentary has gone too far.

[soulsauce] 10/6/2021 10:03

One down, one to go.

[2vdm] 10/6/2021 10:02

UPDATE ON CAPITAL REDUCTION PROCEEDINGS

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and development company operating in Europe, is pleased to provide an update concerning the proposed reduction of share capital via a cancellation of the Company's share premium account, the cancellation of the deferred shares, and the authority for the Company to buy back shares, as detailed in the circular to shareholders (the "Circular") on 08 February 2021.

The Company confirms that the first court hearing has completed as expected by the Board, and that it is now working towards the second hearing later in June. An update to the market, including detail of the Company's dividend policy, will be provided in early July.

Dr. Kerim Sener, Managing Director, commented:

"We are pleased to announce that the first court hearing in relation to the Company's capital reduction has now completed as we had hoped. The second court date is set for late June, following which we intend to provide an update to the market on this process and the Company's dividend policy, which I expect will be in early July.

"We remain confident that the court proceedings will complete as intended and will notify the market of any significant developments as and when they occur."

So more news re dividend policy in "early July"

[jaf1948] 10/6/2021 10:01

Good to get confirmation. Perhaps they are starting to get the message.

[soulsauce] 10/6/2021 08:01

Then maybe Kerim should adopt a joint broker, one that is happy to cover news and put notes out to the market on a regular basis. There are several out there.
But it all comes back to how shabbily money was raised with the bucket shops in the early days and hence no institutional holding from those raisings.
As much as you may have some sympathy with PG you still can't deny that they have not fulfilled their remit.

[jaf1948] 10/6/2021 07:47

I think many of us are disappointed in Ariana's progress, or lack of it, in the past year or so. Is it poor management, is it getting the ducks in line, is it simply poor communications or possibly a combination of all these things and others as well ? I'm afraid only time will tell but for the moment it still looks to be a good investment.

[shortarm] 10/6/2021 07:36

Lost me totally there (nothing new!) AAU is Kerim's baby, he's already stated he wants to turn it from 50M MCAP to 500M MCAP!I don't see him and either a liar or a person who exaggerates...... You?

[kaos3] 10/6/2021 07:27

I did sell most when I saw Kerim put his PhD Oz project into PALM - I asked myself - why not AAU - and my answer was - loyalty - a human characteristic for good or bad (rambling about it on here at the time - was not shot by BB and thank you all for being tolerant to me)

I did great with Palm (almost on declaration level) but sold majority too because PALM is spinning off its Oz projects out of PALM - again - why putting it into a Co and then pushing it away - loyal??? - the license where Kerim lives and is closest to production - strange - despite all the techfin reasons

I see MO there

Kerim lives in one place and must manage:
- Turkey
- Cyper
- Kosovo
- Canada
- Australia

in many roles - and that is a lot imho which is hard to manage into the needed detail. I respect Kerim for many things - do not get me wrong - we all ride on his tail in a way.

back to AAU

Kerim needs a young new Kerim to bring the focused energy to AAU, to "eat the concrete" if needed on operational level.

Present management structure needs more agility, focus, energy

It can not be run as a "part time job" out of a "bedroom" in Oz for years.

And agree with Tem - thank you Biggless

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as we say here - there is fine wine , and there is "watered" wine of various degrees - and it comes slowly over time - drop by drop - and there must be a limit where it becomes obvious- first to some, than to many than to all

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AAU is very good value but needs more focused attention of a person who has authority (eg - left alone by the present structure) on the day to day Corporate Management level - just look at the JV, courts, divi, reporting .....

[plasybryn] 10/6/2021 06:57

Putting my positive hat on if I was in charge of communication I would be looking to hit the market with as much positive and future potential news around the time I released info on the special payout. Hopefully to encourage investors to reinvest the funds back into AAU shares. Perhaps that is the plan which we should give them credit for. The jury is out. Let's see if they can make amends and in fact have a carefully, well thought out communication strategy and news release scheduled.

[plasybryn] 10/6/2021 06:37

I have a lot of sympathy with those balanced comments as I've said many times. PG are highly regarded in the City as an old, highly professional Broking / Analyst house. It is unusual for them to take on small companies like CHF & AAU. The problem re: I. I. investors is they can only buy in the market. We aren't going to accommodate them releasing a tranche of dilutive shares. So perhaps not fair to blame PG.

[donald pond] 10/6/2021 06:04

I only have a small holding here but I own lots of shares in AAZ and it's a similar issue. Brokers make their money through corporate actions. Every time a company raises money, they will take a 1-2% cut. But a company like AAU (and AAZ) is a pain for brokers, as they don't issue shares and the volumes traded aren't sufficient for the market making side to make decent money either. I'm not excusing PG, but it is just a problem in the market that small, profitable companies struggle to get much broker support. If they were unprofitable and needed to raise £10m every year we'd have brokers notes every month telling us how close they were to being profitable.

[plasybryn] 10/6/2021 03:43

Monday, June 14Biden will meet NATO leaders and have a private meeting with the president of Turkey, Tayyip Erdogan

[bigglesbingham] 09/6/2021 21:48

This it's more respect for hodgson and mistrust of other brokers which keeps them persevering. CHF have got them as well as joint broker . One day they may come up with goods. I've had personal dealings with them and found them to be apathetic. If my thoughts are not acted on then I won't throw my toys out of pram and reduce holding if I believe in the story. It's only a disgruntlement at the message not getting out. I actually did the opposite and purchased more as I believe in the story and I've invested here for ten years and followed the strategy and it is panning out. The fact that others ain't been made aware of it created a buying opportunity .

[soulsauce] 09/6/2021 20:43

Can't argue with any of that 8rad but I don't see him leaving Oz anytime soon now he is so important to the Palm SubCo being developed.

Interesting mcmather. I was here at that time and was equally irritated by that dataset acquisition.