Ariana Resources Share Discussion Threads

[jaf1948] 30/6/2020 13:29

I didn't say they had missed this one ! We're all happy to comment on things Ariana does well but the handling of this whole MoU, especially since Covid, has not been one of their better plays IMO.

[plasybryn] 30/6/2020 13:25

The MoU extension was to close of play on 30th June. The Co. hasn't missed it's stated extension date as yet. Stay calm.

[jaf1948] 30/6/2020 13:18

It's a slippery slope when a company starts taking its shareholders for granted. Setting its own deadlines then extending them when they are not met is not what I expected from a professional outfit that previously Ariana has shown itself to be.

[bigglesbingham] 30/6/2020 12:31

I thought that but disagree with strategy, a positive deal outcome with give a big percentage increase. I would rather a big percentage increase on a higher starting value. Yesterday price dropped expectedly cos of accounts delay news. No one would give a Toss about accounts if it came after the deal announcement. So if this was their strategy I don't agree will it.

[crossfirecssf] 30/6/2020 12:22

Just a thought. There has been no bad news from this company for as long as I can remember. Under promise and over deliver has been the general M.O.

Travel restrictions causing a delay in completion of audit is obviously out-with their control and therefore fair and square.

But the JV is a different matter. There's a lot of doubt creeping in among posters, but consider this as a possible scenario...

Yesterdays RNS is small change and so release in advance and have it processed and shoved to the back of holders minds.

The following day or possibly one or two days later, knock it out of the park with an RNS confirming the JV, a one-off dividend and detailed plans outlined for the next few years of development. It certainly wouldn't be going against the grain of Kerim's style of management, notwithstanding the counter party risk. I'd say the odds are still just about in our favour given the balance of probabilities and past performance.

tick, tock, tick, tock...

[risa5] 30/6/2020 11:59

This is shorter !

[backmarker] 30/6/2020 10:46

I presume they will need to say something about the JV today ...????

since everyone else is speculating, I think the delays are down to the mystery partner, and I have a message for them....



crikey, that's a long link

[bigglesbingham] 30/6/2020 10:36

Incidentally he thinks he gave me AAU bc as a tip and he didn't this was my oen research but we have a bit of banter about it.

[bigglesbingham] 30/6/2020 10:35

My personal broker at Tilney is the chap who runs the Midas funds. Known him for 10 years so he definitely knows about AAU but he sticks with collectives

[1candc] 30/6/2020 09:23

Seems so, quick google trawl =

Tilney Group has finalised the deal to buy Midas Investment Management's entire book of assets.

I don't know whether that encompasses the Midas fund itself

[bigglesbingham] 30/6/2020 09:19

Are Midas funds within Tilney now?

[1candc] 30/6/2020 08:25

If anyone recalls I wrote to the Midas fund to blow the trumpet for Ariana and I got a reply yesterday which while it does not mean they researched the company in any way it does mean that they at least got to hear about the company in some small way

'Thank you for your suggestion. While we do not typically comment as to the matters noted in your email, we appreciate your correspondence. For more information concerning the Midas Funds, we invite you to visit hxxps://midasfunds.com/ and to view the Midas Funds’ most recent annual report.'

Sincerely,

Midas Funds

[plasybryn] 30/6/2020 07:51

How about updating your chart? Might be best to wait for the MoU update though, as that could be influential from a technical perspective.

[shortarm] 30/6/2020 07:47

Or lunchtime again?

[kirbs4] 30/6/2020 07:42

So i guess tomorrow it is!

[mad foetus] 30/6/2020 07:05

TBH I don't think Turkey is the easiest country to do business in. Can be lots of reasons for delays, I have no doubt that palms need to be greased and I suspect AAU are well aware that they want to keep out of that side of things. I'm not sure the JV hasn't turned into a huge diversion though.

[lottsgold] 29/6/2020 18:57

I'm not even sure we will hear anything tomorrow? We heard on the 1st last time. Clearly another extension, hopefully because we are pushing for a strong position when it comes to decision making. Could still go either way but i think we will know soon. Kerim won't want the situation to drag on I'm sure he's as frustrated as us. Covid won't be an excuse for another 2 month delay.

[kirbs4] 29/6/2020 18:55

Mishandled maybe strong. I am referring to leaving delay rns to the last minute that clearly could've been communicated earlier, alongside no ongoing updates/explanation of delays.

[plasybryn] 29/6/2020 18:03

How has the communication been mishandled?

[kirbs4] 29/6/2020 16:40

Agree, good place to be imo but comms been mishandled recently.

[jaf1948] 29/6/2020 16:37

Kirbs4,

June 11th 2014 was my first buy.

To be honest, I only had a few hundred thousand then so I put them away and hardly thought about them. I did follow some on the ups and downs but hardly ever read the bulletin boards, but overall thought, and still think, that this is a very good AIM company. So I have been surprised recently at the poor communications.

[dixi] 29/6/2020 16:35

Well, presumably, the worst is that AAU continue alone as a very profitable venture with excellent prospects and maybe JV Salinbas at some point in the future. So we don't get a chunk of cash and a possible special divi, but then some didn't like the JV split from the outset.

[1candc] 29/6/2020 16:33

Selling on the eve of the expected RNS re the proposed JV is a risky strategy

[kirbs4] 29/6/2020 16:32

How long have you been on board JAF?This was something of a bone of contention until a couple of years ago. They were really not very good at managing comms and selling the company. Posters like soulsauce and myself were certainly vocal about that in the past, soul i think even sold up at one stage.That isnt to say we were right, was just our opinion at the time. Other posters like biggles have maintained unwavering faith and ultimately been right to do so up to now.They have been much better in recent years, would be a shame to see some of the old lessons forgotten and have them taint what could be a crowning moment in the story. Cant forget the covid situation, but i agree there is no excuse for not keeping people posted on reason for delays, they dont have to release sensitive information to do that.

[jaf1948] 29/6/2020 16:22

Whatever the outcome tomorrow, this is the first time I can remember Kerim playing the hand badly. Without giving away any secrets about the deal, he could have given some updates (we are delayed because the lawyers can't get together, we are delayed on matters of minority rights etc) during the past months. With a total absence of news, you cannot blame people for thinking the worst.