Ariana Resources Share Discussion Threads

[bigglesbingham] 09/4/2020 21:10

I am waiting for clarification on certain points but the really nice thing here is the share price is undervalued whichever route is adopted. I too am 55 and been adding for 8 years. Pan Gordon think it's an exceptional deal I believe . I do believe if the deal goes ahead institutions will get involved and skys limit on price.

[ironstorm] 09/4/2020 19:49

Am in my 50s and have seen too often jam tomorrow that never arrives. I would still like to see an immediate cash return.

Plus a smaller share of potentially larger upside.

New partner and their ability To operate at scale is therefore important.

The alternative is a cash return based on RR growing into Tavsan. And so on. Salinbas in slower time or developed separately.

[ironstorm] 09/4/2020 19:49

Am in my 50s and have seen too often jam tomorrow that never arrives. I would still like to see an immediate cash return.

Plus a smaller share of potentially larger upside.

New partner and their ability To operate at scale is therefore important.

The alternative is a cash return based on RR growing into Tavsan. And so on. Salinbas in slower time or developed separately.

[paul280i] 09/4/2020 19:45

That's my intention!

[pranchalee] 09/4/2020 19:43

Thanks lads for your views,cash is king at the minute so you never know what Kerim has up his sleeve if he gets the $25m,Paul your a young lad yet if you cash it in you will only drink it and squander the rest

[paul280i] 09/4/2020 19:24

"what does everyone think about the new partner and are we getting a good deal"

I think it depends on your time scale, I'm in my 70s so after nearly 10 years adding to this share I would like to see a return, if there is not going to be a reasonable divi, no new JV and all profits ploughed back into the development of Salinbas I will reduce my holding and spend some of the capital gain. I think for older holders like me the new JV will be welcome if it means a reasonable divi, something at or above .3p.
I would imagine those with a longer time frame would be quite happy for the company to carry on with the development of Salinbas on it's own or with just Proccea as a partner but in that case I think it will be another 10 years before this share would reach a realistic value.
BUT... we have yet to get the full details of the JV agreement.

[risa5] 09/4/2020 19:20

Apart from the upfront cash and comfort of financing other projects, the question is whether our share as a whole in the new partnership is going to get smaller or, is it going to get bigger as part of a bigger pie.

Also which option will increase share price in a quicker timeframe given that they are aiming to be one of the biggest producers in the area.

[temujiin] 09/4/2020 18:22

what does everyone think about the new partner and are we getting a good deal
============

Impression I have is the majority on this BB, including some very big holders of 10+ millions of shares are generally in favour, and see the cash in hand plus help with Salinbas, out weighing the reduction in our ownership from 50% to 23.5%.

A minority, including myself, think future visable profits from owning 50% could be better long term for shareholders.

Most sensibly want to see the details to confirm or alter their view.

[bigglesbingham] 09/4/2020 17:47

No but I got screen shot

[dixi] 09/4/2020 17:40

Well I suppose PoG could also fall at some point in the future. It's a multi-year agreement, so I expect this has already been projected and taken into account.

[pranchalee] 09/4/2020 17:15

what does everyone think about the new partner and are we getting a good deal with a rising gold price and one that could rise even more substantially over the coming 18 months,just interested.

[pranchalee] 09/4/2020 17:03

no doubt in that

[skara brae] 09/4/2020 17:03

A case of premature speculation - you're getting too excited ;-)

But come Monday, you could well be right!

Happy Easter all.

[1candc] 09/4/2020 17:01

No, just got it off ADVFN monitor, obviously wrong, but it will be next week!

[1candc] 09/4/2020 16:55

$1,735 now, up over $50

[nov31] 09/4/2020 16:51

Gold at $1,682, will it break $1,700 over Easter weekend..if so we'll be back with a bang on Tuesday!

[soulsauce] 09/4/2020 16:49

Have a good Easter Weekend all, stay safe. Hopefully new highs next week.

[pranchalee] 09/4/2020 14:48

biggles your trade never show up yet

[dixi] 09/4/2020 14:39

Nice move, but long Easter weekend from tomorrow, expected news next week. Who'd want to miss the opportunity? :-)

[renniks2016] 09/4/2020 14:00

Bid 320 Ask 310!!

[bigglesbingham] 09/4/2020 13:06

Hope you are both right

[pranchalee] 09/4/2020 13:06

calm down mate

[red army] 09/4/2020 12:49

This needs to close above 3.5p to show further strength.

[thanksamillion] 09/4/2020 12:36

I am going to stick my kneck out here and say we are to break through 4p next week(tues onward as bank hols fri/mon).