Ariana Resources Share Discussion Threads

[dixi] 21/2/2020 13:07

Yes that is true, but until AAU confirm their intentions it is still speculation.

[plasybryn] 21/2/2020 13:06

Isn't a one off capital related payment to shareholders from effectively the sale of the share of an asset treated differently to annualised dividends from income?

[shortarm] 21/2/2020 13:06

You're aware of the high percentage copper grades in Cyprus already!!!

[dixi] 21/2/2020 13:05

Moneymaker2015, I have assumed it is because AAU actually want the cash and have a purpose for it that we are yet to be made aware of. I am not of the opinion that AAU are being forced to relinquish this % of RR just to get the Salinbas deal away.

[soulsauce] 21/2/2020 12:55

Great volume today, excellent churn while the share price stays strong.

[moneymaker2015] 21/2/2020 12:46

I’m all for the JV is it’s the quickest route to production of Salinbas. The only thing that I haven’t been able to get my head around is why we haven’t just kept it with Salinbas and have given them 50% of everything.

I originally thought it’s because our expertise is on exploration and not production. However, with us continually getting results like this, I thought surely they would’ve wanted to make a start on Tavsan and incorporate it into the current mining. It would be interesting to know why they are happy to bring in another party.

Biggles, reading that, it sounds as though this new JV is a sure thing and that the due diligence is as you would expect someone to do if they were paying out $63 million!

[soulsauce] 21/2/2020 12:29

bigglesbingham did you say anything to MdV about the dividend.

[kaos3] 21/2/2020 12:21

biggles - indeed. that is what the new partners interest is (condition). is it ours as well is what I am saying.

but what will be - will be

just thoughts

[bigglesbingham] 21/2/2020 12:18

Because the new partner wants to receive a revenue stream with a 2-3 yea payback rather than take a flat out punt on exploration asset.

[bigglesbingham] 21/2/2020 12:17

One thing that struck me in the rns was the differential between the £2m received and the amount of surplus profit there must be in the current JV with Proccea. Michael said those quotes were loan repayments in addition there are dividends from JV to AAU which are to be disclosed in accounts. Reading between lines I'm sure they will reduce the amount of free cash in the current JV to a minimum prior to new JV being announced. I asked what does technical due diligence on kiziltepe mean he said making sure all data is accurate. So I asked that they are just looking for confirmation that what AAU has put in the public domain is true then that should satisfy due diligence ie they aren't looking for new info and he said that's correct. My personal view therefore is that if this deal doesn't go through it will not be due to due diligence but something left field. With gold price being 1634 can't see this not going through.

[kaos3] 21/2/2020 12:14

I am for a JV (due to the country of operation) but do not get it why the need of mixing existing JV (which I find very good) with the new one?

I can see no rational reason

[moneymaker2015] 21/2/2020 11:41

As slow as we’ve been moving up compared to some other shares. It was only 3 months ago we were around the 2p mark, so we’re not doing too bad at all. Hopefully we can hit 4p before news of a partner comes out, then from there, who knows!

[bigglesbingham] 21/2/2020 11:27

Not nervous I know one pal who's constantly in and out , I don't agree with their philosophy but that the way he does things.

[mad foetus] 21/2/2020 11:16

It's a lovely sustainable rise here, every tick up gets a few sells, gets consolidated and then we move on again. It's managed a 30% rise in the last month with very little froth

[red army] 21/2/2020 11:15

Still a few nervous sellers out there diluting any rise.

[bigglesbingham] 21/2/2020 11:01

Just got off the phone to Michael to congratulate them on excellent results. He sounded very upbeat about the future.

[kirbs4] 21/2/2020 10:35

What also needs to be factored in to the Salinbas argument is that it is not a like for like comparison with our other assets so costs could well be higher. Wasn't one of the main reasons we were able to aquire it in the first place because of the level of effort required to mine there? To me, offloading that overhead and but still sharing in the profits is not a bad thing, particularly if the effort required significantly increases the production cost per oz.

[bigglesbingham] 21/2/2020 10:30

I'm sure they are doing everything possible to make sure previous barriers to paying a dividend are removed. Sure if my experience is anything to go by the accountants will be Holden to no one !

[dixi] 21/2/2020 10:26

Agree with that entirely. The BoD also stand to enjoy a very good payout from a divi too. A priority for shareholders.

[soulsauce] 21/2/2020 10:23

bigglesbingham it needs to be a priority.

I think shareholders will not be happy if after receiving all this money plus profits from RR they have not found a way to get a 'decent' divi to shareholders.

[trevor1234] 21/2/2020 10:22

Thank's Tem for putting the other side of the argument
I like most on hear get fed up with idiots on other boards spouting rubbish for there own ends.I know Tem is a long term holder and it is helpful for somebody to not just follow the general consensus but put a reasoned argument why we all need to wait for the RNS on the Mou.
I don't often post but read the very good reasoned post's from the regulars,Thank you

[bigglesbingham] 21/2/2020 10:18

They need to sort financial obstacles out before dividend declared. I haven't seen anything which leads me to believe they have sorted that out but I'm sure they are working on it.

[soulsauce] 21/2/2020 10:14

Tem you should be able to get a good handle on net profit from the figures today with costs remaining at circa $500 per oz. Kerim has always maintained that AISC are not a million miles from that figure.

But who is to say what Kerim has ear-marked for that money? And we can not quantify the cost benefit of having this third party coming on board and being part of one of the biggest gold producers in Turkey in much shorter order than going it alone.

[moneymaker2015] 21/2/2020 09:49

Assuming the deal does come to a positive conclusion at the end of next month. I wonder if when we get the RNS confirming all the details, that they’ll also release details of any intentions to payout a special divi shortly after. It would be nice to know their intentions with all the money we’ll be receiving considering we’re not strapped for cash at the minute anyway.

On a positive note, with gold expected to keep rising, if we do bring Tavsan into play. With only 25% of 50k+ oz, we’ll be in a similar cash position to what we’re currently making anyway. Not matter what, we’re on to a winner!