Ariana Resources Share Discussion Threads

[bigglesbingham] 05/5/2020 08:52

I personally don't think they can say more than that. If they said "we are looking to explore a site at Say Spain which is potentially highly productive and one in Mali" then this would create another set of questions....... why the fixation on what they are going to do? Would you know enough about the mining projects to object or agree if you had indication of what they were going to do? No.

[temujiin] 05/5/2020 08:39

I am not in the camp that thinks Kerim should fess everything up prematurely.
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I don't think anyone is in the camp Soulsauce which says AAU should announce specifically which company(s) they intend to target, but I personally would like more information on what this means:

''target the development of a future pipeline of high-value production projects. It is the goal of the Partners to become one of the premier gold mining companies operating in Turkey."

Also
''The Company will also utilise its enhanced capital position to fund further growth of Ariana's business. The latter activity will involve the acquisition of new exploration and development projects either within Turkey or in other regional jurisdictions and provide for the advancement of the Company through the development of other assets held in whole or in part outside of the arrangements contemplated within the transaction.''

We all own a small or not so small part of the company, and it's not unreasonable to ask for more information as is prudent for them to give, in why selling over half of our profitable asset is a good idea and how they intend to increase value of AAU above the value of lost future profits.

[mad foetus] 05/5/2020 07:37

Chesterfield report today. I've no interest there but it's worth having a quick read of the blurb to get an idea about the potential in Cyprus.

[shortarm] 05/5/2020 06:58

Yeah, that would be a bit like Gordon Brown telling the world he's going to sell all of the UK's gold......Excellent work lol

[soulsauce] 04/5/2020 23:06

Ok cheers bigglesbingham was worried you had misunderstood me and what I was saying. I am not in the camp that thinks Kerim should fess everything up prematurely.

[bigglesbingham] 04/5/2020 22:15

The statement I asked whether it was a quote .

[bigglesbingham] 04/5/2020 22:14

I tried to say that in my previous post but you put it over far more eloquently . Cheers

[soulsauce] 04/5/2020 21:59

Can't argue with that pharm.

[pharmoutcomeszzz] 04/5/2020 21:51

There is a lot of hot air on this generally excellent board about the company and ‘give us a clue’ over future intentions of what they will do with $30m IF the deal goes through.If KS ever did indicate before the handshake was done and paperwork signed, he would lose my trust and my investment. Any statement he could make to placate the counter argument would have to be so bland as to make it pointless. Surely the time for some detail will be after the deal is agreed by the parties and ‘sold’ to us to help the shareholders vote be positive?

[soulsauce] 04/5/2020 21:02

Eh what did I say? I am all for Jv.

[bigglesbingham] 04/5/2020 20:52

I'd be cheesed of if they did show their hand. The only people it would placate is a few investors at the risk of tipping off opposition. As to souls suggested comments yesterday I think we can all take it that those sentiment are a given. Plus they have continued to run the company as if no deal was being done , to come out and give indication as to what happens IF ...... would be totally unprofessional.

[bigglesbingham] 04/5/2020 20:48

I do to me that was better than the debt repaid element of rns.

[plasybryn] 04/5/2020 20:42

The MofU extension is till the end of June, but that doesn't mean they will actually need that long. Whilst I don't think anything is that imminent I have a gut feel all will be revealed during June. Just a feeling. Have you all seen the twitter photo today? This is the accompanying text:- "Drilling underway on the third hole of our deep drilling programme on the Arzu South Vein, Kiziltepe ". Real progress being made. How many realise how significant this could be?

[8rad] 04/5/2020 20:21

Love it. A cry for openous when we have nothing.Do we shareholders want another 2 months of this or something much better Kerim.

[kaos3] 04/5/2020 14:08

I consider Kerim much better investor in the gold properties than myself. He knows more about geology, risks, real possibilities etc. He can make much better use as an investor of 30 mil then myself imho. But he should placate me or I will cry for my mama

[kirbs4] 04/5/2020 12:46

Fair point!

[bigglesbingham] 04/5/2020 12:39

By all accounts the new JV partner is a Goliath. But the bigger you are the more diluted the management time is at the moment which means they've got less time to concentrate on mergers and take overs. So what's applying to our proposed partner ie time restrictions rather than financial issues would apply to others. I'm assuming here the delay isn't due to financial problems because deal would be dead by now if that was the case.

[kirbs4] 04/5/2020 12:14

I did think that but at the same time thought a goliath would be less impacted and retain the financial clout making it potentially an even more appealing time.

[bigglesbingham] 04/5/2020 11:05

Tarsvan will be funded via a loan similar to kiziltepe . Repayments only start when mine produces so self funding to an extent. And yes those against the deal will say this is a solid reason not for deal because the new JV partner getting half for their capital injection

[bigglesbingham] 04/5/2020 11:01

Not for me because the situation creating the extension applies to everyone.

[kirbs4] 04/5/2020 10:58

I remember when the MOU was announced there was some speculation on here around a speculative bid for the company and vaguely recall the general consensus being that wouldnt happen due to the MOU or something along those lines. Does that become more of a possibility with multiple extensions?

[thanksamillion] 04/5/2020 10:49

Owwh, I got a thumbs down, haven't had one of those for a while. I will wear it with pride. ;-)

[konil] 04/5/2020 10:45

thanks paul.

i thought the free carry through to production was for salinbas only. if so, then 23.5% of tavsan development costs would also be for aau's account. happy to defer to your take, which is a much better deal for aau.



on a macro level what do peeps think about au pricing especially with the cv mayhem? from 1500 to 1700 does not feel like pandemic pricing, is it just a lag?

[shortarm] 04/5/2020 10:34

From past interviews there has been plenty of interest from potential partners in Salinbas......With the JV possibility out in the open I'm sure other suitors would jump at the opportunity if it arises.....?

[soulsauce] 04/5/2020 10:25

Very good point bigglesbingham.
The cash requirements for Salinbas with us going it alone will nullify a dividend for many years to come as well as extend the already lengthy time taken to prove Salinbas up.