Ariana Resources Share Discussion Threads

[bigglesbingham] 28/11/2019 14:29

A bit more but all or nothing is way I am

[ironstorm] 28/11/2019 14:04

30% of my portfolio!

[bigglesbingham] 28/11/2019 14:01

It's my main holding

[ironstorm] 28/11/2019 14:00

BB I agree with u - now thinking of seriously - despite them being 10-20% higher than when I said this last week. It feels cheaper to me than last week now too.

Biggest problem for me is that this is an even bigger part of my portfolio. 21st Century problem - hey ho

Finger is poised.

[plasybryn] 28/11/2019 13:23

Anyone seen Ariana's tweet this morning? See Bloomberg article.Ariana Resources plc (@ArianaResources)27/11/2019, 20:19Huge Bets That Gold Could Triple to $4,000 Trade in New York bloomberg.com/news/articles/...

[bigglesbingham] 28/11/2019 13:15

I'm Seriously thinking of adding but don't want to mess around with rnss . Has to represent superb value. Can you imagine rns April: cap debt free kiziltepe , special dividend say 1p developing Cyprus and worlds oyster.

[dearg doom] 28/11/2019 13:04

Currently long and adding.

Think, I will have sufficient time to add more at circa 2.3p, given the lack of shareholder engagement to justify the deal on normal channels.

[charles clore] 28/11/2019 11:54

David - no need to be short on this. All it takes is a bit of good news and the share price spikes, then returns to where it was previously. Goodness knows who is selling but they have been at it for as long as I can remember.

[davidspringbank] 28/11/2019 11:38

dearg doom, I guess you're short.

[thanksamillion] 28/11/2019 10:32

Someone out there likes gold.

Bloomberg reporting "au" options market saw $1.75 million in block trades betting on $4,000 gold.

[dixi] 28/11/2019 09:57

How profound an analogy that is :-)

[dearg doom] 28/11/2019 09:48

Thanks to McMather for clarifying of the situation in 18270.

Short-term optics may look less satisfying.

*Half a cooked pie, ready to eat is now only a quarter cooked pie.

*One uncooked pie is now half an uncooked pie but now with enough funds to buy the oven to cook it.

Even if only a half a pie share, the deal ultimately should give more golden-crusted savoury pies in a fewer years time, than otherwise possible,

Happy to buy while the oven brochures being viewed!

[shortarm] 28/11/2019 09:36

If the deal goes ahead they could now give a special dividend of more than the SharePrice and still have a solid company going forward lol

[soulsauce] 28/11/2019 09:31

Mad isn't it Charles.

[charles clore] 28/11/2019 09:24

Looks like smart money is following the hot money now! After all that excitement the share price is back in the normal trading range!

[soulsauce] 28/11/2019 08:54

Advertised spread still wide :-/

[dixi] 28/11/2019 08:46

This is so divisive. Guess that is 'Ariana with attitude', like it or not!

[mad foetus] 28/11/2019 08:18

Volumes suggest hot money has left and smart money is starting to come in

[bigglesbingham] 27/11/2019 22:05

They have said it's a company. Why would the government get involved in a small gold producer??

[temujiin] 27/11/2019 21:49

'Some of us got our fingers badly burned when just such a shocking turn of events happened some years ago in China to another goldy, GGG'

Yes remember that well and decided never again to invest in any exploration company in China, ever. Turkey though, I put at the lower risk level of nationalisation when compared to countries in say SA or Africa.

[mmedestael] 27/11/2019 21:29

I just hope the new partner that the company are being so coy about does not turn out to be the Turkish government. In that case those of us with a suspicious mind might fear such a step could lead to the company being forcibly nationalised in the future. Some of us got our fingers badly burned when just such a shocking turn of events happened some years ago in China to another goldy, GGG, as soon as their improving prospects were realized by state officials.

[mcmather] 27/11/2019 20:42

I think it's a cracking deal. As per the post early am, the proposed partner is stumping up $63m which, as you said, may well be financed. They will want that back plus interest asap and I cant see them being happy with their share of 25,000ozs from Kiziltepe for the next couple of years. I anticipate MASSIVE escalation on all fronts if / when the deal is signed. I was just interested to see whether the new partner, perhaps coupled with proccea, would be paying the capex ($53m?) for the mine construction at Salinbas, but suspected it will be the responsibility of the enlarged jv but with the new partner 'organising' it.

[bigglesbingham] 27/11/2019 20:33

In running any company you have to look at relinquishing assets/shares in order to grow. With myself it's making equity available to make sure you don't lose staff. It's never easy but sometimes you have to look as having a smaller percentage of a bigger entity. I spoke to Micheal DV and they are more than aware about securing minority protections within the agreement which would be my main concern. I would suggest that Kerim is very familiar with the third partner probably with experiences of Proccea although that's my assumption. So again I reiterate we get our current market cap in cash and a quarter of income stream from kiziltepe then tarsvan and the benefits of a focused salinbas project. In addition I'm sure there's a lot we don't know about especially when AAUs are free to concentrate on exploration and development.

[bigglesbingham] 27/11/2019 20:20

My understanding is the partner will commit the $8m , procea will contribute to the tune of around $6m the term of which are vague but they said it would be equitable to all parties. I believe this $8m will get EIA done, further exploration etc . Once the $8m spent they will be responsible for sorting debt finance out using their weight. Not dissimilar to how Proccea bought into kiziltepe . Point is Ariana will explore find gold (what there good at) the building operational and financial aspects will be done by Proccea and JV partner. The JV will have the financial clout to expedite processes and who knows the sale of salinbas once further exploration is done would not surprise me. I know some will not like giving away assets but fact is we aren't big enough to exploit them in a timely manner. A couple of months ago I expressed concern to the board as to how long term shareholders are to get any reward WITHOUT selling shares - well I've got my answer!!

[mcmather] 27/11/2019 20:03

Biggles, when you spoke to KS / MDV, did they specifically say out of whose pocket(s) the cost to construct the mine at Salinbas will come out of; the proposed partner? Proccea (as their way of buying in to Salinbas)? The enlarged jv including AAU?