Ariana Resources Share Discussion Threads

[gaddy88] 01/5/2020 08:29

Tem - AAU will just continue to work to their own timetable, as they already are, selling into a favourably priced gold market. No mans land seems a bit of a steep description to me as Covid is literally redefining the global economy on a scale not seen for nearly a century and I believe it to be honest that it may have had an some effect here. Bananas to think it has not. I would happily take a few months delay and make some extra dollar in the meantime.

[charles clore] 01/5/2020 08:28

I keep thinking of the old saying 'two is company, three's a crowd'. Could three really be good for us? I wouldn't mind if it was split equally 3 ways but with AAU and Proccea having 23% each the new partner will have the overall majority of shares in the new venture so they can easily outvote us. I can't quite see how it all fits together yet but I hope we will be told before everything is cemented into place.

[bigglesbingham] 01/5/2020 08:24

They are drilling what they can, the drill kits cannot be flown from Perth but they are continuing other drilling. That nothing to do with deal it's covid 19 restrictions. What big ticket items do you think they would be doing differently if deal never existed in this climate?? Beg to differ on this one I think .

[shortarm] 01/5/2020 08:21

I would imagine the actual deal makers know the outcome... Paperwork and signatures are slower...

[temujiin] 01/5/2020 08:14

Disagree with you BB. We are in no mans land. What if there is another 2 month extension, then another. Do AAU launch big ticket items and lots of drilling knowing in a few months their expenditure is diluted down to 23%, or do they defer until JV outcome is known? Not knowing hampers your decision making ability.

Anyways, am off to work but popping into this generally excellent forum.

[paul280i] 01/5/2020 08:11

I agree with Term's sentiments, I've always considered the company and Proccea have have an excellent relationship, many decisions must have been made seamlessly when setting up the existing JV and building the mine. Now bringing in a third party, to me, seems to have already caused several delays in this new agreement. Can we be assured that, if and when the new JV is agreed, the partnership will be in a position to develop our assets without endless delays. Hopefully in due course we will get an explanation of the latest delays in the new agreement and how they will be avoided in future.

[bigglesbingham] 30/4/2020 17:11

Aau will still be a company on its own except with $30 m to play with . Most exploration will be paid and done buy procea buying in and money resulting from deal.

[shortarm] 30/4/2020 17:07

They'll want the money when there is some available Charles! Plus, in the meantime we'll have thirty million to play with.Divis are always on a per share basis so if they want any they have to give us some - they're not producing gold just to produce gold(they want to make money too).

[charles clore] 30/4/2020 16:39

bggles - I mean they will have the majority shares in the new company so what they say goes. If they say the new company needs the cash for new exploration or some capital expenditure or other, that could mean no dividend for us.

[bigglesbingham] 30/4/2020 16:31

Not quite with you there Charles what do you mean by restrictions?

[charles clore] 30/4/2020 16:21

Imho better to give shareholders a divi before the deal than after. Who knows what restrictions the majority partner will put on our cash after the deal is done.

[kirbs4] 30/4/2020 16:20

Credit where its due, not only pleased wuth the timely announcement but sounds promising re:potential for better terms too. Now to ask for too much.. Hioefully they were getfing it out of the way to announce capital debt free tomorrow :)

[soulsauce] 30/4/2020 16:12

Right of course. Would be nice to share some of it for shareholders though ;-)

[bigglesbingham] 30/4/2020 16:06

From JV pal. Was a bit tongue in cheek as we've only just got one. Think the delay will allow extra time for AAU get mechanisms sorted to provide a dividend .

[soulsauce] 30/4/2020 15:58

How do you mean another divi bigglesbingham? We 'the shareholders' haven't had one yet.

[bigglesbingham] 30/4/2020 15:53

If the negotiated deal comes to fruition here you will be quids in

[bigglesbingham] 30/4/2020 15:52

I think the news is positive in that two months of company development puts us in a strong negotiating position bearing in mind actually receiving cash dividends from the current JV will focus the mind. Having seen the effect on businesses I deal with the extension was expected but I feel plays into our hands somewhat in that the board have continued to run the company as though there is no deal and we are no doubt in a stronger position than 4 months ago. I was comfortable with the proposed deal subject to clarification on how prices are paying for their share of salinbas. If gold hits $2000 in two months then a sweetener would be preferable imho. If at same level or lower then wouldn't be too fussed about renegotiation. Now we need an rns re capital debt repayment and a little Brucie bonus of another divi wouldn't go amiss but again perhaps I'm being greedy.

[claretandbluedave] 30/4/2020 15:51

The wording is important. It looks like this is being re-negotiated so AAU get a higher percentage. Important that KS doesn't giveaway too much.

[konil] 30/4/2020 15:48

i see my timing is as good as always.

if you want to get rich and retire early, follow the golden rule of investing - watch konil and do the exact opposite.


anyway my game plan remains to load up on au/ag and await the mega fallout that i reckon will hit in a few months, then safe haven assets should have their day. still worry about the early stages though when everything might fall...too many imponderables.

as regards aau, i too read between the lines (rns) to think a better deal might be hinted at.

[drh3] 30/4/2020 15:36

Quite happy with that RNS