Ariana Resources Share Discussion Threads

[soulsauce] 22/7/2021 09:07

Interesting that the Asgard cash was already in there and not come from the transaction money.
Surely the Palm NewCo has to be a target for an investment, especially for the nickel asset identified at Merolia.

[charles clore] 22/7/2021 08:59

I honestly have to double take when I look at the AAU market cap. It's valued at just over £51.5m and that's far too cheap for a mature company with £25m in cash, a 23.5% stake in a mine producing around 20k Oz a year, 2 more mines in the planning stages, a significant share of resources in Cyprus and Kosovo plus a budding loan business in Oz. On top of all that the company is intending to make the dividend payment a permanent feature. And now we hear that there is institutional interest. I'm not surprised really

[plasybryn] 22/7/2021 08:49

Come on guys & girls - under 5p this is stonking value especially given short term 0.35p dividend

[plasybryn] 22/7/2021 08:36

aau interviewToday 07:42https://www.proactiveinvestors.co.uk/companies/news/955675/ariana-resources-talks-big-boost-to-resource-at-kepez-north-special-divi-and-2021-priorities-955675.html

[plasybryn] 22/7/2021 08:28

Great Proactive interview today with Andrew. 10 mins. Co. maturing. Institutions getting interested. Kepez results-,stressed how good they are - "measured 84%"

[plasybryn] 22/7/2021 07:23

Can anyone share the Shareprophets article please?

[kaos3] 22/7/2021 06:45

Basel 3 - an interesting view by Rob Kirby - first part


PS
I am not selling any AAU shares.

[bigglesbingham] 22/7/2021 00:09

If return on capital employed was less than what we'd be paying debt return on tarsvan then we can all give up. I know what your getting as but the cash in bank will not remain there long term.

[paul280i] 21/7/2021 23:29

The repayments on the loan will not start untill the mine is in production so that it should not adversly effect the JV or it's ability to pay dividends.

[plasybryn] 21/7/2021 22:57

The last loan was charged at an all in cost of circa 7% I believe. The cash can be deployed to make much larger returns for shareholders than that hopefully. For solid businesses with sound balance sheets nearly always better to use someone else's money. The Scoping Study for Tavsan showed a very short repayment term.

[5huu] 21/7/2021 21:30

Thanks guys for links & info.

[a.fewbob] 21/7/2021 20:20

Silver and gold are most definitely held back.

Every other asset has its day and n the sun but good and silver ALWAYS get smacked down relentlessly every time they poke their heads above the parapet. No other asset behaves in the same way.

[soulsauce] 21/7/2021 20:13

One thing to remember, and Kerim did mention it in the webinar, this company produces a great deal of silver.
IF silver does take off in the way many commentators have been forecasting for a long time then here is not a bad place to be for that alone.
Very nice silver figures from Kepez today.

[bigglesbingham] 21/7/2021 19:43

People were disenchanted with the way the divi was handled even though in feb on page 6 of an rns it stated max 7.5m. If you've sellers then price drops. Bottom line all those questions were answered very quickly and straightforwardly and fundamentals are excellent. Ironically many who are cheesed off with the level of divi were actually wanting less divi initially and money used to invest in growth. Many on this board have summed it up it's a well run company great fundamentals communication promotion needs to be sharper. Once the sells due to this divi has subsided then we will bounce. Onwards and upwards

[plasybryn] 21/7/2021 15:59

Tavsan was always going to be debt financed using similar facilities to those used to build the Kiziltepe mine. They can't conclude finance talks until they have the EIA permits and have completed the BFS. But we were told in the distant past, if my memory serves me correctly, that the Bank won't need a bells & whistles Feasibility Study as the J.V. has established great credit credentials with the Bank, given the exemplary way in which they have repaid the existing Kiziltepe facility.

[d1g3y] 21/7/2021 15:57

Good point and as Konil correctly pointed out the dilution would hopefully be much less at that point

[charles clore] 21/7/2021 15:54

I'd have thought that 23.5% of Tavsan development costs should easily be achieved out of the existing cash balance. However, Salinbas is a different matter

[jaf1948] 21/7/2021 15:13

I didn't expect the share price to go up a great deal on today's announcement, good though it was, but I certainly didn't expect it to go down.

[pauliewonder] 21/7/2021 14:52

Very surprised at the price action here. Good news yet the share price goes down. Whilst I wasn't impressed with yesterday's divi announcement, I thought today's RNS was excellent.

[konil] 21/7/2021 14:07

i would hope they do debt funding for tavsan unless share price significantly higher, else much dilution.

by the time salinbas needs aau funds the share price should be much higher (else something very wrong with the company) so placing less dilutive from current levels.

[zangdook] 21/7/2021 14:03

We're not going to do a placing but we're paying a PR company in case we do.

Is it really necessary to keep paying them?

[d1g3y] 21/7/2021 13:57

Or potentially Tavsan

[bo doodak] 21/7/2021 12:59

Unless, and I believe this to be the case, there was effectively a gun to the head...do the deal at 23% or else confiscation and nothing

[bo doodak] 21/7/2021 12:43

Q26 answer - reading that as a placing to fund Salinbas in due course