Ariana Resources Share Discussion Threads

[jaynesdad] 27/11/2019 09:12

My concern is the giving away control of the JV to an unproven third party. My understanding I that the proposed partner ('PP') will control 53% of Zenit with AAU/ Proccea holding the other 47% equally between them. It is the current JV partners who have, slowly but carefully and with great skill, steered the development of Red Rabbit to this point. As minority shareholders in the JV the PP could follow its own agenda which could well be to the detriment of the shareholders in the companies that have so patiently and diligently brought us to where we are now. If it comes to a shareholder vote I very much doubt I could support the deal unless the % control of the PP falls to 49% or lower.

[bigglesbingham] 27/11/2019 08:38

They will be financing it .

[mcmather] 27/11/2019 08:30

Have they got a spare $63m for this proposed deal? Or will they need to finance it? Either way, I suspect that they'll be looking to get a return on the investment as quickly as possible; ie a ramp up in all operations including production??

[scorscribler] 27/11/2019 07:52

Ignore that! RNS states construction and engineering contractor!!

[scorscribler] 27/11/2019 07:47

Could it be the bank?

[backmarker] 27/11/2019 05:03

the deal sounds great, but let's not get ahead of ourselves.

it's only at MOU stage!!! a lot can change.

I'm surprised there has been no speculation on who the new third party is. it sounds as though it is Turkish ( - but apart from Proccea the only Turkish company I know is Beko)

I agree with recent posters that the uplift in share price has put us to roughly where we should have been. the churn of sales and purchases has probably brought in some new investors and lost a few stale ones, which should all help the cause.

but we are all longterm holders here (- aren't we ??? ) so we will happily wait until the share price hits double figures

[5huu] 26/11/2019 23:48

I see Zak Mir has also put a 4p target on Ariana, but based simply on a resistance line projection. I think we can forget charting on this news, this is truly transformational. Most junior miners with a resource like Salinbas would be facing significant shareholder dilution and risk to monetise it, but this deal looks to be quite the opposite. Some minor points to clarify which I'm sure will get address in the coming days (maybe even via a new Proactive interview), but I'm not sure I've ever seen an announcement (on any share Ive eve owned) which has come with so much potential.

[swallowsflysouth] 26/11/2019 22:37

Something easy to overlook here is the amount of silver we are mining. If silver does super well then it will be a extra bonus in even higher credits against cost of gold production.

[mcmather] 26/11/2019 22:25

Bit of coverage of yesterday's news in the mail but nowt new; "Stock Watch - Ariana Resources"

[davidspringbank] 26/11/2019 20:59

win2003, the only reason that we fell out of those trend lines in the first place is because gold and silver are consolidating, following breaking out of a multi-year downtrend. All that will change very shortly when they start the next leg up of their journey. Spot gold traded between $1450 - $1463 so far today. In the next 18-24 months this will multibag, along with the rest of the smaller gold and silver stocks. The streetwise Mr Turkish Delight, our suitor, understands this that's why he's proposed a joint venture.

[soulsauce] 26/11/2019 20:27

The deal provides a springboard.

[shortarm] 26/11/2019 20:20

Look at what Kerim did with his last investment - battery metals wasn't it?100 bagger - yes?I don't seem to be able to do that lol.

[8rad] 26/11/2019 20:16

Suitable deal making here will let Kerim off the leash to do what he loves and we will namely be free funded in that RR and Salinbas will be self supportive(with shareholder approval) to his plans but NOT hopefully at shareholder expense.The ball is in our court and I would like to hear good evidence why we should give up good income streams for possible future success admittedly with good track record.

[bigglesbingham] 26/11/2019 19:15

I think a little more personally but happy as she grows

[shortarm] 26/11/2019 18:22

I think most here are looking higher and possibly much sooner!

[win2003] 26/11/2019 17:02

Looks to me we're about where we should be chart-wise, 4p in 12 to 15 months? IMHO etc


free stock charts from uk.advfn.com

[ironstorm] 26/11/2019 16:51

To me this gives the ability for AAU to move forward faster on multiple fronts. Rather than tiptoe forward on many fronts. As Swallow says chucking this into JV where necessary. JV can push ahead with increasing mining fronts now - Tavsan!

Equally we keep hold of Kiziltepe for further accretion later.

A number on here have obsessed about Salinbas not only funded but cash return accelerated.

So overall lots to like here. Could be the mythical win:win:win all round.

Not to mention Cypress.

Bringing cash return forward is very attractive - these projects do sometimes seem to be a war of attrition. Keeps me in the game longer I expect.

[bigglesbingham] 26/11/2019 16:17

Just read summary of shareprofits saying storming deal. Suggest can take profits if YOU want but 4p plus here we come. Positive to me.

[dixi] 26/11/2019 16:15

Has there been any feedback from the investor evening at all? I have a half mind to think it was very quiet, but may have been busier if yesterdays news was out slightly sooner (ie a couple of days sooner).

[swallowsflysouth] 26/11/2019 13:38

Charles, indeed, indeed Charles. ! Silver Charles is the 'silver lining' and is going sky high to !

Mcmather you have me dribbling at the thought of all that spare cash !! (not a pretty sight i might add)!

[soulsauce] 26/11/2019 13:27

Wonder if 2nd ball mill and trucking from Kizilcukur will be a priority and get production up over 30k oz.

[mcmather] 26/11/2019 13:16

I'll go with that Tim; I was using my grade C maths o'level!

SFS - so AAU could get a large portion of their running costs back, plus 50% (net 3X), and then 23.5% share of the net profits. Could be worse.

[charles clore] 26/11/2019 13:08

swallows - number one in Turkey automatically translates as No.1 in Europe. That is quite big.

edit - and where is silver going?

[swallowsflysouth] 26/11/2019 13:07

If exploration costs do cover cost of running AAU then that leaves other income free to be used as divis ?