Ariana Resources Share Discussion Threads

[konil] 10/7/2020 06:01

from the rns 25 nov 2019:
"Furthermore, the Proposed Partner will then inject US$8 million of equity into the Salinbas Project via an earn-in arrangement and organise the bank finance to enable this project to be brought into production."

to me, this means ozaltin will put in $8m to get salinbas going but when that runs out (and i don't know how far $8m will go to getting salinbas towards production) ozaltin will organize bank finance, but aau will be responsible for 23.5% of that debt. i don't see it as a free carry for aau on salinbas all the way to production.

just an observation which may be way off mark.

[trevor1234] 09/7/2020 20:40

This board would be the poorer if we all agreed.I don't have anyone on filter (which is a rarity as i do on most boards i follow) and appreciate booth side's of the discussion.As a lot have said we need to keep an open mind, we all think this is a great company and want to see the share price higher. Kerim has done a marvelous job so far and his geological expertise is unquestionable. But is he a deal maker we will have to wait and see

[bigglesbingham] 09/7/2020 19:36

Missed this post and I think it's an excellent one. You've hit the main points on the head well done. !

[soulsauce] 09/7/2020 19:31

😉👍

[crossfirecssf] 09/7/2020 19:29

Cheers Soulsauce, just saying it how I see it I guess...

[mad foetus] 09/7/2020 19:02

I do hope though that as soon as practicable we get a full update of where we are with all assets and what the plan is for them all.

[thanksamillion] 09/7/2020 19:00

8rad
Please specify "so little", I don't see how you can, because we don't yet know the details of the deal, how much the new partner is intending to spend getting Salinbas in particular up and producing at speed. I await the fine detail to be unveiled in the coming weeks, then, with the terms in public view, we can all have a good argument as the wisdom of approving them before we cast our votes.

Until that time I don't see the point in speculating.

[8rad] 09/7/2020 18:45

Yes ...what is wrong with senior desperado Kerim ...you will be one day that man. On a more immediate time will you explain much for all of us living in current confusion... why give so much for apparently so little.

[1candc] 09/7/2020 16:55

The Berlin Wall, the Great Wall of China none of them had half the resilience and stopping power of the endless 4p share price mountain, impossible to surmount, so many investors have flung their money at the lofty citadel but to no avail. When will it be breached? Will hell have frozen over? With so many senior citizens here, including myself will we ever see the 4p Mount Everest confined to history? It is a legend, will we prevail?
"Destiny is all"

[soulsauce] 09/7/2020 16:08

Well said CSSF.

[sonoftherock] 09/7/2020 16:08

You can't look at the different components in isolation. They are part of one deal as far as the JV partners are concerned.

[crossfirecssf] 09/7/2020 16:05

Quite so Risa5,... one only need take a good look at their website to witness the quite awesome scale and 'next level' nature of their portfolio of completed projects. Surround yourself with those who demonstrate excellence in their field and your life will become one hell of a lot simpler.

AAU have just done that and Kerim has just spelt that out in black and white for those that can read carefully, and more importantly, demonstrate humility as relates to their own lack of business experience and acumen. He and AAU have at the very least earned the trust of its shareholders, particularly over the past 3-5 years. Barely a slip twixt cup and lip. Utter professionalism for those that can see the wood through the trees.

At the end of the day, they will answer to us via their actions and their results, which in almost the past half decade have been practically faultless. The opinion of admittedly merely one very satisfied and confident shareholder.

[soulsauce] 09/7/2020 16:03

Temujiin how much is it going to cost to produce an underground mine at RR, how much to add another ball mill and associated equipment?

[temujiin] 09/7/2020 15:53

The separate Salinbas deal, within the MOU makes a little more sense as the new JV is an excellent fit, but that doesn't detract from the poor deal at RR.

I took a couple of months off from posting, but have now made my points why it's not a deal that best serves SH's. Thanks to those who constructively engaged with my arguments whether they agreed or not.

[soulsauce] 09/7/2020 15:32

Excellent post risa5.

[risa5] 09/7/2020 15:27

I think Kerim should be congratulated, he has worked very hard to bring Ariana from zero to what it is today he will not give it away too cheaply or settle for a bad deal which is not in our interest.

We must remember Salinbas is in a mountainous area with difficult terrain which is almost impossible (or it may take many years and a lot of finance) to develop by Ariana alone. But this deal allows us to develop it quickly with no financial burden to us.

I also believe this deal will be the quickest route for regular dividends. But if the deal is not done regular dividends will be many years away and the share price will not go anywhere fast.

With reference to the price of gold, and a poster suggesting its a now a bad deal because gold price is now around $1800, the problem is we don't know where it will be in 6 months time, so if gold went back to say $1500 in 6 months time should the new partner in the JV ask for a refund ? remember gold was even higher in 2011.

But at the end of the day SHs' vote will decide to accept or reject the deal.

With reference to the recent interview,

AS : How should SHs feel about the new look Ariana?

KS : They should be feeling very bullish, we've identified a very very solid partner. There are obviously capabilities there that we in our own right can not match in terms of financial clout, engineering nous, skill sets associated with driving very large complex projects forward in difficult terrain. So they are almost ideally suited for developing a project like Salinbas, which we could not have done on our own.

Any SH who has doubt about the deal should watch this again.

[soulsauce] 09/7/2020 15:16

And there are negatives at RR.

I can't wait for the gold price to go up another $50 and we can have the same discussion for the umpteenth time, as if we have not discussed the pros and cons ad infinitum before.

[temujiin] 09/7/2020 15:09

SS, and you are blind to any negatives. Thankfully you dont speak for everyone. There are positives at Salinbas. I've been talking about RR and havent mentioned the Salinbas deal today.

[soulsauce] 09/7/2020 14:51

Dixi you are wasting your time, he is blind to any positives.

[dixi] 09/7/2020 14:43

But AAU are also gaining the development of Salinbas. Which I think most agree that AAU could not develop alone.

[temujiin] 09/7/2020 14:43

CC, just saying it as I see it. I know most will look at it critcally when it comes out. But I doubt we'll get much more detail than at present. Hope I'm wrong.

[temujiin] 09/7/2020 14:40

Dixi, Its unlikely with $25m Kerim will find another company crazy enough to sell off half its gold production of 10k per year rising to 25k oz per year by 2022, but who knows, AAU are.

[charles clore] 09/7/2020 14:30

We don't yet know the detail of what the new partner is offering in terms of operational benefit, which I assume will be considerable. If it turns out that the loss of revenue far outweighs this as you think it will, then I won't be voting for the deal. But let's at least wait and see what transpires before jumping to any conclusions that make us look silly.