Ariana Resources Share Discussion Threads

[carcosa] 29/6/2021 12:37

Jarvis Securities were heard by the same Judge just prior to AAU according to the court listing. They have just issued their associated RNS.

So,in theory, AAU should do the same in about an hour or so.

If not then it provides a bit more ammunition for the whingers to complain about something... ;-)

[shortarm] 29/6/2021 11:43

Good stuff, RNS tomorrow maybe?Then concrete dividend numbers and future policy early July :-)

[thanksamillion] 29/6/2021 11:29

When the decision is added to the database it should appear on here

hxxps://www.bailii.org/recent-decisions.html#ew/cases/EWHC/Comm

[bigglesbingham] 29/6/2021 07:50

Yes let's hope so mind you with Ariana May stretch that to July august ha ha

[jaf1948] 29/6/2021 07:33

Thanks, Biggles. This board is one of the best I have used.

July should be interesting.

[bigglesbingham] 29/6/2021 07:05

I tend to live by that philosophy. Annoys the hell out of my sister she says I always see the good in people ha ha

[kaos3] 29/6/2021 05:32

yes - very humanistic BB

[bigglesbingham] 28/6/2021 23:47

I reckon 20 mill estate and starvest have 16 mill there are obviously investors who offload for their own reasons so I reckon 40m and I reckon we are near end. Which is nice as it coincides with positive news. It's why I've been adding . I do like your comments bye some I agree with some I don't but intelligent interaction clarifies certain points ! Soul and I have had differences over years but I respect his or her comments along with many on this board

[charles clore] 28/6/2021 21:17

Sells can't be identified by TR1s apart from those of directors

[jaf1948] 28/6/2021 19:23

Biggles,

OK, suppose you're right. You first highlighted the pattern well over a year ago so the seller has gone through many tens of millions of shares in that time. Do you know how many there were to begin with and therefore can we extrapolate when it will end ?

[bigglesbingham] 28/6/2021 18:26

JAF this seller still doing same pattern

[soulsauce] 28/6/2021 17:52

Thanks both 👍

[doinnuthing] 28/6/2021 17:04

Court case tomorrow 29th June): data from Government Business & property Courts lists:

Deputy ICC Judge Lambert 10:30am Remotely via MS Teams Final reductions and public interest petitions CR-2021-000885 Ariana Resources PLC

We are getting there.....

[carcosa] 28/6/2021 17:03

Second and probably final court date tomorrow morning:

Deputy ICC Judge Lambert 10:30am Remotely via MS Teams Final reductions and public interest petitions CR-2021-000885 Ariana Resources PLC

[shortarm] 28/6/2021 16:32

End of June for 2nd court case, then dividend update early July...Potential news from Tavshan, Salinbas, Cyprus, Kosovo licenses and further left field. As mentioned before I suspect July will see the price move up, how high is yet to be seen.... 7P anyone?

[bigglesbingham] 27/6/2021 21:02

POG has a bigger impact on companies with higher production costs even though it's counter intuitive.

[charles clore] 27/6/2021 13:53

I imagine a 20% increase in pog ouldl add at least that to the share price of a producing miner especially one with rock bottom cost of production like for example aau

[soulsauce] 27/6/2021 12:28

Hmmm already starting to reel back on the positive effects of Basel 3. Can't say I am surprised.
I expected as much as the gold price has reduced as Basel 3 approaches instead of strengthening, that it might be another hope to nothing.
I doubt much will change and the manipulation will continue in one form or another.

[xow98] 27/6/2021 11:53

From Steavea171 on AAZ board:

2021’s Most Informative Interview About Basel 3 And How It Will Impact On The Gold Market.

June 26. “We are heading into Basel 3 implementation right now. Your thoughts on the implementation of Basel 3 and the impact it will have on the gold market going forward.”

Chris Powell: “I’m pretty optimistic about it. Probably the strongest reason is the protest that was sent to the Bank of England by the LBMA and the World Gold Council. Their protest asserted that if Basel 3’s regulations about unallocated gold are implemented in the United Kingdom it will probably put the LBMA out of business.
Of course I could only cheer that.
But they were protesting it and I figured the LBMA has never protested anything from a central bank before and that if the LBMA is really worried about Basel 3 then there is probably something to it.

But I’m not expecting the gold market to be liberated on Monday when the Basel 3 regulations are taking effect at the direction of the European banking authority. You have to remember that the LBMA is headquartered in London and the UK is not subject to the jurisdiction of the European banking authorities. And most of the unallocated gold racket is run out of London, and Basel 3 is not yet being applied there.

Alasdair Macleod believes Basel 3 rules on unallocated gold will be applied in the UK at the end of the year. I wrote to the Bank of England about that a few weeks ago and they cordially replied that I should stay tuned, but as far as I know there is no formal decision yet from the Bank of England yet about applying Basel 3 in the UK.

But insofar as the LBMA is so terribly frightened of the Basel 3 regulations, I have to believe, as the LBMA complained, it could make unallocated gold prohibitively expensive for the bullion banks and that might put the unallocated business out of business…

[plasybryn] 27/6/2021 08:04

https://www.kitco.com/news/2021-06-22/Basel-III-to-trigger-liquidity-squeeze-gold-price-could-be-looking-at-2-100-by-year-end-Goldex-CEO.html

[plasybryn] 27/6/2021 00:51

Basel III to trigger 'liquidity squeeze,' gold price could be looking at $2,100 by year-end - Goldex CEO - Kito News on Twitter

[konil] 26/6/2021 10:28

doinnuthing, it does indeed help, most illuminating, perhaps this is what kaos was referring to. would be good to have some clarification from aau.

[thanksamillion] 26/6/2021 09:21

I doubt they would be talking of "future dividend policy" without being sure of where the cash would be coming from.

[doinnuthing] 25/6/2021 21:33

Re dividends.
AAU can pay dividends as it wishes (if it has sufficient distributable reserves) and which we as AAU shareholders approve.

For AAU to get future income which will make up its distributable reserves the operating companies (be it the Turkish JV, Venus Minerals and the new Kosovo company) will have to distribute the profits to AAU which will be way of dividends out of those companies. So with the Turkish JV : if that companies policy is to not distribute any profit until all investments are made i.e developing Tavsan and Salinbas so as to reduce external funding then AAU would not be receiving income to set up a regular dividend to us. I asked the question when we had our on line Q&A session re the JV whether each mine would be "Ring fenced" and so each stream could be distributed separately out to the partners. No answer was clearly given on this point. This may be part of the legal agreements between the JV partners but we have not seen these so we do not know. But we must also remember that if all these Turkish mines are just in the one legal entity in Turkey that legal entity must have distributable reserves in order to pay these dividends to us. Hope this helps if not sorry to have taken up your time!