Ariana Resources Share Discussion Threads

[shortarm] 16/11/2021 11:41

Fact!So much moaning on here whenever it's not blue!I realise it matter to JAF because he wants to sell some but for the rest of us the longer this 'waits' the more we can acquire surely?

[charles clore] 16/11/2021 11:41

Sad truth is nobody knows. The only thing that keeps the company alive is the amazing geo teams under the direction of KS and his nibs on the acquisition trail and everything else is background noise.

I can imagine a quote from K.S - 'But whatever you do, don't publicize what were doing because that would draw unwanted attention to the company and recognition of our undervalued share price. We might get bought out and that would be disastrous for my lifetime plans'.

[paul280i] 16/11/2021 11:33

Looking at the share price from a different angle as an income investor I'm very happy to sit here getting a good return on my investment. Even if you buy now you eill receive a 7% return next year. I'm not intending to sell any shares in the near future, even though I should re-balane my portfolio, so the current price dose't worry me and I don't loose any sleep over it. If the price goes up I will be even more over weight and then have more reason to sell some. Complaining all the time about the BOD and the share price will not encourage new investors.

[jaf1948] 16/11/2021 11:19

Wikipedia has this on lifestyle companies:

A lifestyle business is a business set up and run by its founders primarily with the aim of sustaining a particular level of income and no more; or to provide a foundation from which to enjoy a particular lifestyle.

Lifestyle businesses typically have limited scalability and potential for growth because such growth would destroy the lifestyle for which their owner-managers set them up.


Any of this sound familiar ?

[plasybryn] 16/11/2021 11:02

Good question. Anyone know the answer?

[soulsauce] 16/11/2021 11:01

He is working out his next options transaction ;-)

[xow98] 16/11/2021 10:55

What exactly does the Chairman do for his 5 day week?

I can see that KS has a lot on his plate with the exploration, PALM etc., but what keeps MDV occupied all day? Surely it is his role to market the business, manage the Board and bring in experienced non-Execs.

[8rad] 16/11/2021 10:52

CC you refer to Kerim's derriere but I do not believe even a strategically placed hottish poker would not spark him into proactivity....unfortunately!
!

[soulsauce] 16/11/2021 10:40

Bravo Plasybryn, well said.

And we pay YJ and PG to do sweet F.A in that respect.

[plasybryn] 16/11/2021 10:37

The Board is too small and too narrow and lacking key skills. It is unbelievable really that Kerim is able to run the Co. as his baby ignoring repeated shareholder concerns in this respect. The Annual Report & Accounts pays lip service to increasing the Non Executive element and succession planning at the CEO level is totally unclear. Our Institutional Investor management appears none existent and all communication is tightly internally controlled. But we the shareholders are letting him get away with it.

[kirbs4] 16/11/2021 08:10

I am in a similar position myself Biggles so I do have sympathy, but at the same time pull my hair out that nothing is done about it. I have decades of industry experience in my field, have been a consultant for a decade and now find myself building a division in a management consultancy. A key part of this is sales and I don't have experience, but I do have the knowledge. I am building my understanding every day, using other peoples experience, trying different techniques and generally pushing myself because I know it isn't optional. That's what makes it all the more frustrating that Kerim in a similar position here just leaves it as the elephant in the room. We will get there I am sure because I trust they find enough yellow stuff for it to be impossible not to rerate, but we are only going to rise on hard results unless someone with proper sales experience/ability is overseeing a strategy.

[bigglesbingham] 16/11/2021 00:50

He was talking it up to 19p he came out and started explaining about gold content a year ago and it spiked . He then fluffed his lines at around 13p and it went to 9p I seem to remember point it hes very salesman orientated KS isn't a bit that way inclined. Hopefully they will realise that they need to get the message out .

[jaf1948] 15/11/2021 20:42

A COO would be nice but a CEO would be better.

[soulsauce] 15/11/2021 18:29

Really bigglesbingham? Today is the first day French has done and interview an the share price hasn't gone down.

Kerim is never going to change, hence the need for a COO.

[bigglesbingham] 15/11/2021 18:03

They were starting from a low place 19p down to 6.75p Martin French came out with some positive comments but has been known to oversell . A compromise between him and KS would be nice.

[plasybryn] 15/11/2021 16:47

A 35% increase in one day like CHF would be nice but probably better with a steady climb without spikes.

[ironstorm] 15/11/2021 16:27

. . . . Waiting 😏

[plasybryn] 15/11/2021 16:26

From share price Angel, Brokers today:- Ariana Resources (AAU LN) 4.8p, Mkt Cap £51m – Turkish drilling programmes Ariana reports the start of a 2,300m Phase 1 drilling programme at the Salinbas project in Turkey aimed at increasing the confidence in and potentially expanding the mineral resources footprint at its 23.5% owned Salinbas project in north-eastern Turkey. The company also plans an imminent start to a 2,000m programme of additional infill and resource drilling at the Tavsan project "prior to commencement of mining". At Salinbas, where previous drilling "helped to define the current JORC Measured, Indicated and Inferred Resource of 1.5 million ounces of gold" the 16 holes Phase 1 programme is aimed at both improving confidence in the existing estimates and potentially expanding it through drilling on the margins of the current resource model. "Later phases of the programme ... [currently planned to increase the programme to 4,000m] ... will focus on exploration targets, some of which require forestry permits, for which applications have been made. Additional holes will be added to this drilling programme as twin holes to provide material for metallurgical test work". The programme of 85 holes at Tavsan is expected to start by the end of the month in order to investigate resource expansion potential through "infill and resource step-out drilling, with some additional exploration holes". Based on drilling of 5,879m in 171 holes, Tavsan is currently estimated to host a "Measured, Indicated and Inferred Resource of 253,000 ounces gold and 0.7 million ounces silver". Managing Director, Dr. Kerim Sener, explained the background to the programmes saying that they had been delayed as a result of Covid19 related restrictions and that "Up until one month ago, we had expected an RC programme to commence, but even this had to be cancelled and we have now opted to undertake diamond drilling across both projects." He acknowledged that "A mid-winter programme presents some challenges, but as we will now be proceeding with diamond drilling this also provides some advantages" which we imagine will include the opportunity to recover metallurgical samples from Salinbas.

[soulsauce] 15/11/2021 16:21

Yes if only someone could do something to change the sentiment here and get the word out to the wider market.
Oh wait............

[ironstorm] 15/11/2021 16:19

This 5p is a tough nut to crack it would seem.

[plasybryn] 15/11/2021 16:14

Wow CHF had a strong day - copper in Cyprus

[renniks2016] 15/11/2021 16:14

If you look at what CHF have done today, could easily see some of that sentiment rub off here.

[jaf1948] 15/11/2021 16:09

It is unfortunate but this is currently a traders share. Ariana is not attracting potential long term holders for reasons discussed many times on here so we can expect fluctuations in the share price for the foreseeable future.