Ariana Resources Share Discussion Threads

[bigglesbingham] 05/12/2019 22:37

Until the deal is finalised how can they be expected to describe specifics as to how the principles on which the potential deal is based will accelerate projects?? I think long term holders realise this so I personally think your analysis of long term holders is wrong. Long term holders understand what their objectives of the BOD are and they are finalising terms on which to achieve those objectives we will find out in due course. They have highlighted objectives to market and either side can pull out if either side thinks their objectives will not be met, quite simple really.

[mcmather] 05/12/2019 19:27

That line is it for me D1G3Y re 18440:

"...the MoU looks good as it potentially brings forward the potential of the AAU portfolio by many years at the cost of a portion of the assets".

[8rad] 05/12/2019 18:35

It is becoming increasingly obvious here that long term holders are urgently needing assurance that lose of income stream can be compensated by long term expansion. How long does Kerim and the BOD expect such loyalty to stretch or do they prefer otherwise.

[rathean] 05/12/2019 14:43

Yep, that 100k was me topping up, showing as a sell.

[dearg doom] 05/12/2019 10:19

Ignore the Bid/Offer spread of 2.20p/2.40p. The real live Bid/Offer price is 2.22p/2.27p.

All those trades at 2.27p are actual buys. Market makers play mind games with spreads to lure investors in either direction.

Many short-term speculators sell on the news. For now, there is little news left to speculate. For them, 3 months is an eternity. They would feel confident of buying back the shares, pretty much close to where it is now in early 2020.

[soulsauce] 05/12/2019 09:31

dearg can't argue with that.

Why the dress rehearsal? Well I am sure if they had not said anything the rumour mill would have started and may be affected the share price
In this day and age of the internet nothing can be kept under wraps for long. You only need to look at how UJO and RBD suffered in their respective raisings to see the damage that can be inflicted by news being leaked out.

Somehow muppets like BMD and shareprophets get hold of this info with their city contacts and much damage can be done.
So they have said the bare minimum to not spook the 3rd party and satisfy the market. More to come I should think.

[charles clore] 05/12/2019 09:21

Dg - I take it your trade isnt showing yet as they all seem to be sells so far this morning.

[dearg doom] 05/12/2019 09:12

I've been and examined the dark side. The only negatives left are the share price muted reaction, Kerim's professional but detached demeanour in not realising a quarter fraction is less than a half and that a half something is less than a whole. Never an easy sell! The company might have considered saying nothing until a deal could be laid out fully. Why the dress rehearsal?

Impressed with bigglesbingham and others' comments and the logical thought process. Useful Bulletin Board. Thank you.

The probability, I agree by a decent margin, rests on a deal being done on good business terms, of net benefit to all parties, helps speed dial the future development of Salinbas which otherwise would take a lot longer in years or maybe never. Ariana needed the necessary local clout, expertise and capital. Positive, that management not afraid to admit it.

On that basis, I've made an add-on purchase. Time now to hibernate. I'll wake up late February 2020.

[charles clore] 05/12/2019 08:20

Ironstorm - we also have to bear in mind that Proccea has done the same as Ariana so they are both in agreement as to the beneficial outcome.

[ironstorm] 05/12/2019 08:07

CC as always hits the nail on the head.

I would make a v small amendment - much faster, much bigger. 🥳

[charles clore] 05/12/2019 08:01

Biggles - I suspect Kerim would not have given away such a chunk of the company he has worked hard for just to make it a bit bigger faster. It is going to be much bigger much faster than anyone imagines imho.

[soulsauce] 04/12/2019 22:30

Cheers bigglesbingham.

[bigglesbingham] 04/12/2019 22:20

Michael rang me after meeting to ok the rns regarding my shareholding. I too suggested the interview was very high level and not much detail (I've never found proactive investors too in depth tbh). He explained they were thrashing out the detail and they made the decision to declare the MOU at this point with broad outline while working on detail rather than someone leaking and it having an adverse effect on the shareprice. So bottom line is the detail is being worked on while the principle and overall thinking of the company regarding the deal is in the public domain. Not everyone is going to be happy 100% of time and your always going to get different theories . Today we got one about an aggressor coming in to force them into a partnership, this isn't an aggressor imho it three companies seeing synergy to develop a much larger enterprise , they've declared it as is their open style now they need to thrash out detail. So they would find it hard to give something which hasn't been decided upon.

[d1g3y] 04/12/2019 21:57

Hi Biggles my comment was relating to dixi question at the end of his post. I'm firmly in the camp that the MoU looks good as it potentially brings forward the potential of the AAU portfolio by many years at the cost of a portion of the assets. Yesterday's interview was good but as always it would be great to get more details.

[jc2706] 04/12/2019 16:39

I think that the current participants at Rockfire are not the sort of investors likely to go for Ariana or Hummingbird. I suspect that their time frames are very short and they will soon be looking for the next opportunity to lose their money on.

[dearg doom] 04/12/2019 14:45

Ariana management has essentially already agreed on the deal. We know the basic terms. What we don't know is the name of the aggressor(new partner). Obviously, the deal will come with management's support and backing, along with a dividend or a sweetener.

Only 11 trades in Ariana today, after CEO's clarifying the deal. At least 600 trades today in an unknown stock to me, Rockfire Resources at half the market cap of Ariana.

Hummingbird Resources, another neglected gold stock of late. So the positive spin is to give good stocks with good potential stories time.

[swallowsflysouth] 04/12/2019 14:38

Exactly Biggles, I believe that Turkey is in a very difficult position balanced as it is between east and west and they are doing their best to juggle lots of balls in air. Creating jobs and development of their assets is high on their agenda and to do that they need foreign investment. They are not going to allow massive fraud to take place as that would discourage foreign investment.

Cyprus also wants to move forward and encourage investment and develop their natural assets.

This has all encouraged me to increase my investment here.

[bigglesbingham] 04/12/2019 14:34

Your reference to us not being around in 5-10 years as shareholders is in my opinion one of the main reasons for the deal.

[bigglesbingham] 04/12/2019 14:27

The new partner has a skill set which complements AAU and Proccea. They don't want the assets without the others being involved. They are not a gold miner they build roads and infrastructure. What they have is the resource and 'clout' to develop what AAU find , much quicker. As an example I'd rather have four exploration projects coming in stream quickly due to financial clout rather than 1 over a long period of time. If that means getting the market cap as a cash payment to facilitate this goal for reduced percentage then surely this makes sense to investors???

[swallowsflysouth] 04/12/2019 14:24

dearg, if you believe what you are saying then why are you still here ? Possibly there are local/central politics involved, would you care tell me a country where that is probably not the case ? The least corrupt country i can think of is Iceland who appear to me to be the only country to have sent their bankers to prison for their part in the last financial crisis. Look at America and the scandals surrounding their current president. I wish we did live in a ideal world but we don't. In this country folk openly call our prime minister a liar, how squeaky clean is that !

You pays your money and you makes your choice !

[bigglesbingham] 04/12/2019 14:19

Both AAU and Panmure Gordon think that it's an excellent deal. I've spoken to the board on several occasions and the purpose of the deal is to develop the company further, faster than they would have done without a partner. They have always stated salinbas to too big and too time consuming to go it alone and too big for Proccea too. Who in their right minds would set up a partnership with an aggressor? Bloody ridiculous speculation. It's been common knowledge they've been looking a suitors for salinbas for years, they've been looking a Cyprus for years and they want a mechanism to realise their long term objectives but also find a route to reward shareholders. I have said many a time that going alone in salinbas would mean limited rewards for many years. This deal gives them a smaller piece of a significantly larger pie over a shorter timescale. If we have 20 years to develop then fine but I know I don't.

[d1g3y] 04/12/2019 14:03

Walk away or buy the lot

[thanksamillion] 04/12/2019 13:24

dearg,

your posts become gloomier as the day goes on.

Hmmm

[dearg doom] 04/12/2019 13:13

Disgruntled and staying invested as the downside is limited. in answer to bigglebingham query

Why did aggressor not take the lot? In effect, they have. The new partner will have 53% control on timing. Why not 25% for junior partners. Is there a legal significance below 25%? Why not a 34%, 33% and 33% partnership. In answer to Dixi.

I don't doubt Kerim's integrity, but I'm just not sure he is in control of matters at hand. The deal looks forced. Didn't see the glint in the eye or a smug smile. In answer to Dixi.

Cyprus in five to 10 years may be in a similar position, but few of us will be around to benefit by still owning the shares. A pattern of behaviour established with joint ventures. Sometimes good, sometimes not obvious.