Ariana Resources Share Discussion Threads

[plasybryn] 18/9/2019 17:02

Having experienced the gains at Anglo Asian (AAZ) -40p to £1.50 in fairly short order and who only started paying a dividend last year, I've come round to thinking it makes sense for AAU to reward shareholders also in this way. It seems the market really warms to such a strategy.

[soulsauce] 18/9/2019 16:54

In the absence of seemingly anything better to do with the funds Charles I agree.
As bigglesbingham says that have to show some intent on something.

[charles clore] 18/9/2019 16:27

soul - they could easily make a one-off dividend payment to existing shareholders as a thank you for their loyalty. This only needs to be a one-off and it gives the onlookers insight into the bod's thinking (this is the way we will be playing it when we are swamped with cash). Very motivating indeed.

[bigglesbingham] 18/9/2019 16:25

I agree with recent comments but the company has to show intent on how they intend to reward shareholders without those shareholders having to cash in their chips. They need to set up a nominal dividend or put procedures in place to potentially pay one in the future then tell the market.

[soulsauce] 18/9/2019 16:02

Well you could be right but they were looking to do something with free cash a good while back when they attempted the buy back when we didn't have as much money. Therefore it would be interesting to see what they plan to do.

[jaynesdad] 18/9/2019 15:50

backmarker - spot on imo. Maybe when Tavsan is up and running, cant see divis happening before

[backmarker] 18/9/2019 15:46

re. dividends I think the most we might get would be a statement of intent about divis. but I see no strong reason for them to do that now.

the best possibility for a divi announcement is once the loan has been fully paid off and there is cash flowing in. and I don't think that is very likely either as I am sure they will want to use that income to help fund 2020 development.

only if they were to flog off Salinbas - again very unlikely I think - might they have "surplus" cash to use for dividends.

and even if they go for JV on Salinbas they will need more funds than they will have coming in.

so I think we may forget dividends for another year or two at least.

[soulsauce] 18/9/2019 15:16

Or may be we will hear more about other projects other than just jam sometime words.

[soulsauce] 18/9/2019 15:13

Don't forget interims next week JD. They don't usually get the pulse racing but you never know.
I would hope for some qualifying statements on what they are looking to do with 'free cash' given the failed attempt to buy shares back and what they said about finding ways to return cash after the debacle and given the share price is still not offering any where near full value.
You never know they might chuck out a cheeky divi. Well ok may be that is a step too far and only good enough for staff lol.

[jaynesdad] 18/9/2019 15:00

Seriously, I am looking to add a final tranche, but have this feeling that we may well drift back a bit due to lack of news as has happened before. Hence delaying, if I get 'em I get 'em, if I don't then I don't

[jaynesdad] 18/9/2019 14:57

Good idea Soul
Dear Share Price. AAU will be free of debt April 2020 then will have lots of cash. Will you go up please?
Done

[thanksamillion] 18/9/2019 13:20

Looking at the trades one more biggish push might move it up.

[charles clore] 18/9/2019 12:29

Thanks - I've been doing same for some weeks - rude not to imho

[thanksamillion] 18/9/2019 12:04

Well I for one am grateful the share price is low, allowed me to top up my three accounts yesterday.

[soulsauce] 18/9/2019 11:57

Somebody tell that to the share price please.

[plasybryn] 18/9/2019 10:58

The loan is a fixed term. 90% repaid by Christmas and the last 10% between then and Easter. Lots of free cash flow coming our way. Yippee.

[jaynesdad] 18/9/2019 10:05

8rad, I agree with you, net of outstanding debt (and I admit to not opening Excel this morning and doing any calcs) I think from memory AAU must now be in a positive cash position (situation complicated by the JV of course). In spite of what I have wondered previously I doubt the JV will pay the sharia loan off prematurely unless there is a financial inducement to repay early - it is not interest bearing (although of course it is effectively), my understanding is that you have a fixed repayment amount. However there my be PR value in doing so, and maybe kick start the share price so who knows?

[jc2706] 18/9/2019 08:00

I am sure that your comments reflect a lot of people's views CrossfireCSSF.

[8rad] 18/9/2019 07:38

At current gold price and production levels then this quarterly income should be $11.5/12 mill so with previous retained profits clearing all jv debt this quarter could be readily attainable.This won't happen but it sure reflects the absurd current share price and also the incredible ineptitude of Panmure Gordon.

[mcmather] 18/9/2019 06:14

AAU probably aren't too far away from being 'debt' free; reckon the JV owes circa $8m meaning AAU owes 50% of that. How much spare cash does AAU have at present? What will this figure be by the end of 2019?


Lancs wrapped up Div 2 title on Monday (though should never have got relegated in the first place); hopefully Somerset can win their first ever championship in the final game in Div 1.

[crossfirecssf] 17/9/2019 22:03

It is admittedly astonishing that we’re sitting at this valuation with gold at $1500, and I remain convinced that it’s wholly down to the fact that I’m a shareholder, but at the same time it doesn’t change the hard facts.

Notwithstanding the fact that if I sold out tomorrow we’d advance to 5p within weeks if not days, we will be a debtless cash machine by early next year and though the Salinbas story is yet to develop, with a number of possibilities, the gold bull will continually and relentlessly progress, and at some point probably next year the cork is going to pop.

For the sake of everyone else I may at some point be forced to sell out and allow the price to rise to it’s real value, but for the time being I’m going to hold selfishly and hope that a miracle occurs.

That one of my successful companies actually reflects its financial performance in its market value. I remain stubbornly optimistic. Our day will come, even if my children are the only beneficiaries.

[backmarker] 16/9/2019 22:15

i reckon we have just about completed wave 5(ii) and wave 5(iii) will take us to 2.8p

[plasybryn] 16/9/2019 16:21

Thanks my view as well.

[brasso3] 16/9/2019 14:22

The chart is still in a 12 month upward trend and the last 3 months is forming a wedge. A bit of patience required but 3p looks on before year end providing gold holds around $1500.

[soulsauce] 16/9/2019 14:20

Not exciting enough unfortunately Charles. We have all been arguing long enough that the company needs to do something different to attract and keep investors. Ok we have several different views on what, but I think most of us are clear something 'different' needs to happen.