Ariana Resources Share Discussion Threads

[the deacon] 26/11/2019 10:45

There hasn't been any coverage from Shareprophets yet

[soulsauce] 26/11/2019 10:38

Where is that from, shareprophets?

[mad foetus] 26/11/2019 10:37

Current spread seem aimed a deterring buyers. Let's see how it pans out

[thanksamillion] 26/11/2019 10:35

Interesting dd, however isn't the current market cap $30m.

[highly geared] 26/11/2019 10:30

MOU only at this stage so it's far from a done deal that shareholders can rely on.

[dearg doom] 26/11/2019 10:18

Ariana Resources Share Price 2.5p

Not really thrilled with the proposed memorandum of understanding announced yesterday on reflection.

So Ariana Resources receives $25m to reduce its stake down to 23.5% in Kiziltepe Mine and its associated exploration and development properties, notably the Tavsan Project.

Ariana's most promising asset was Salinbras. Now 53% of that project could be sold for an initial $5m and with another $8m to be spent on Capex by the acquirer for 53% of the entire project. Effectively 53% sold for $13m. Am I reading that correct?


Ariana's management is taking a backseat as regards control of projects for $25m + $5m cash + a future $8m CAPEX. Ariana Resources current Market Cap is circa $36m. What is left for $6m ($36m - $30m)is a 25% share in Kiziltepe/Tavsan project and a 47% share in Salinbras, albeit with further CAPEX if successful as its minority share.

I would have preferred, using cash from Kilziltepe to fund 100% of Salinbras, while Ariana Resources continues to hold a 23.5% share in Kiziltepe/Tavsan projects.

Ariana Resources shareholders are invested in the shares to maximise returns, not simply to have profit share in Kilziltepe, simply to assure future funding for executive staff and their associated expenses.

Shareholders should block this deal as outlined above for Salinbras. Better to use the cash received to fully fund all the initial work and later fund CAPEX at Sallinbras and keep full 100% control.

The share price reaction and the about-turn in the initial optimism for the deal speak volumes. The upside has become severely curtailed in the medium term with the Salinbras production too distant. Hence, the wind has been taken out of the stock.

[charles clore] 26/11/2019 09:55

All moving along today. Initial profit taking as expected due to lack of follow up and no clarification of the detail, which I expect will be covered in a podcast this week. I hope the price will not hang around in the 2p range much longer as that would be quite demeaning for a company with this much going on.

[soulsauce] 26/11/2019 09:54

Nothing new Mirabau. Kerim ought to have taken £50m and sold the lot.

[mirabeau] 26/11/2019 09:53

1 v 2

she's run of steam, unfortunately, for now anyway

[mad foetus] 26/11/2019 09:44

Delaying reporting almost all buys and sells paints an inaccurate picture. I'm happy to accumulate at 2.4 if it goes back to there but I doubt it will.

[mirabeau] 26/11/2019 09:43

2 v 2 from 2 v 3

you can buy at 2.48p...so the indicative spread is at 7.7%, the active spread is much tighter

[soulsauce] 26/11/2019 09:14

As usual the spread isn't helping here.

[someuwin] 26/11/2019 09:05

Sellers out. Buyers moving in...

[the deacon] 26/11/2019 08:53

Traders from yesterday chasing the likes of ROCK today. I know which I'd rather be in. Added more here, and gracious thanks to those that took the price down this morning

[someuwin] 26/11/2019 08:49

fantastic entry price now.

[mad foetus] 26/11/2019 08:48

Plenty of buys going on

[soulsauce] 26/11/2019 08:46

Back to 2.3p on the bid, ridiculous!!

[nov31] 26/11/2019 08:39

You really couldn't make this up could you! Back where we were a few weeks ago despite such transformational news. Lemmings have their place when you can herd them in the right direction but i find they're such fickle creatures that I prefer to stay clear of them.

[kirbs4] 26/11/2019 08:34

Disappointing start.. Shaking a few more off but was hoping for a push towards 3p today.

[jc2706] 26/11/2019 08:19

In my experience buy backs on these companies just encourage people to sell with no resultant uplift in price. A special dividend would be my preferred route.

[jc2706] 26/11/2019 08:17

Bigglesbingham,

It would help if it was the company that stated it!

[shortarm] 26/11/2019 08:10

Where can we see the SETS trades?

[bigglesbingham] 26/11/2019 08:06

Market cap is currently £28m the amount of cash being returned £23m. They retain 23.5% of kiziltepe and salinbas with big hitters doing all development and financing. They are left to do what they do best find gold which can be developed quicker by the big hitting conglomerate . Salinbas comes off similar to hot maden then their share could still be $50-$100m but they will realise it years quicker due to this deal (if gold is as they suspect). Something succinct like that??

[loafofbread] 26/11/2019 08:05

Interesting to see how this progresses.

Will the MOU catch the attention of other players who might want a seat at the table and/or will our partner buy stock in the market to protect his position going forward.

Either way, undervalued with what we know.

[mirabeau] 26/11/2019 08:05

1 v 1 from 1 v 2