Ariana Resources Share Discussion Threads

[pharmoutcomeszzz] 28/10/2020 00:51

Thursday more likely I think.

[risa5] 27/10/2020 23:08

I actually find it a bit strange that he has sold those shares before the expected upcoming dividend, maybe we will find the reason later on?

[pharmoutcomeszzz] 27/10/2020 23:07

Some people on this board need to remember the share price a year ago was at just below 2p. So, even allowing for a recent drop, KS has had a good year. In fact I can’t remember the last time there was an RNS delivering anything 0ther than good news in the last 2 years when it was news dependent only on his management and decision making abilities.
We have a talented CEO, much respected within the industry. I don’t give a fig what he earns if he deserves it.
Some green-eyed monsters on this BB would do well to stop dribbling garbage until they have something to dribble about.

[lottsgold] 27/10/2020 22:44

These guys took warrants knowing they could build a company and earn them. They've done just that, if i built a business from dust to a very profitable business I may have felt like I'd earnt it too. It comes down to trust, on aim Kerim has my vote as an honest man with a big future, if i can piggy back on his hard work lucky me...we can all see a rough time coming he's taken a bit off the table just in case as many have here...place your chips, i'm still comfortable but a bit bored of the wait as i'm sure the team are. Buying opportunity or the end of the rise you decide.

[1candc] 27/10/2020 22:40

news tomorrow?

[8rad] 27/10/2020 21:54

True to form Kerim clever but smug.

[temujiin] 27/10/2020 20:48

Thanksamillion, free BB, you can disagree as much as you want.

Cyberbub, like I said, with KS and the AAU BOD you can argue they have earnt their pay out and many investors including myself have done well out of the share price rise. That said 1.9% of the company as share options is not small beer for any company on top of a £100k plus salary.

[thanksamillion] 27/10/2020 19:23

Lottsa

Previous,goto etc buttons now working, thanks

[cyberbub] 27/10/2020 19:23

Temmujin, £138k is a good salary for what is a modest-sized company, but it's not extravagant IMO. He is the CEO. And I understand that the £138k includes pension so that's not direct salary.Meanwhile 19M options is only 1.9% of the company, not massive compared to other companies. Again very nice for him if they hit 10p say, or even 15p or 20p. At the end of the day, there has to be an incentive for management of any company to work hard for shareholders' benefit. And over a million quid as a retirement fund is certainly a good incentive.I agree that some management incentives can stick in the craw. But I suggest that other companies have far more lucrative, and even 'predatory' in some cases, management cash-grabbing schemes in operation.

[thanksamillion] 27/10/2020 19:18

Temujiin

Totally disagree with your post 760, I'll leave it at that.

[temujiin] 27/10/2020 18:27

No director sales are ever popular and KS may have had good reasons to cash in or diversify. What I dislike (and this isn't particularly aimed at AAU BOD) is that BOD's give themselves such stunning share options. KS had 19m share options at 1.55 and according the the article he's on £138,000 a year anyway.

At current bid 5.6 - 1.55 = 4.05
x 19m = a pre tax profit of £769,500

I don't know what the share price was when he was given these options but I bet the share price was at, or just below 1.55p.

KS and the others have definitely earnt this more than others, but the greed at board level is both well know and disgusting.

[dixi] 27/10/2020 17:29

On the reasonable assumption that KS has a requirement for a chunk of cash, but delays with the JV have pushed back the divi, then this could've been the only option currently available?

[jaf1948] 27/10/2020 16:29

I don't suspect or imply that anything underhand is going on. I just think the timing has been unfortunate.

[corrientes] 27/10/2020 16:27

Talk about reverse logic !

[shortarm] 27/10/2020 16:11

Cowboy and carrientes - couple of chancers arriving bodes well :-)

[soulsauce] 27/10/2020 15:59

The problem is, and it is obvious from recent postings on here, many are becoming weary of the prolonged JV process and some are starting to wonder whether getting in to bed with the big 'O' is the right thing to be doing.
Kerim needs to get this over the line. The longer it goes on the the more difficult it is going to be to get shareholder approval, dividend or no dividend.

[kirbs4] 27/10/2020 15:57

Back to the point earlier, I note NS refers to the closed window also. That could point to a delay if they have been active today/this week.

[lottsgold] 27/10/2020 15:52

Like NS' positive spin...I do hope he is right but as a holder he is on the side of hoping. I do still trust Kerim though so will see this out to whatever end it has in store for me and my funds. We all know this will be higher one day but that's not much comfort after the wait we have had to endure. I think it will be delayed but I don't think we will be rewarded well.

[1candc] 27/10/2020 15:44

Full article from NS

It was announced this morning that Kerim Sener, CEO of AIM-listed Turkish gold-producer Ariana Resources (AAU) has exercised 7 million options at 1.55p and sold five million shares at 5.9p, a further 1.5 million at 5.75p and his wife has sold a further 2.4 million at 5.75p. He subsequently bought 92,000 into his SIPP but that is a fair amount of selling. Should we follow the lead?

The net effect is that Kerim Sener’s personal interests have increased by about 550,000 shares, but that is before his wife’s sale of 2.4 million shares. So having exercised 7 million options at 1.55p he is well in the cash.

However, Kerim Sener had not 7 million options but 19 million and his salary at Ariana in 2019 totalled (including pension contributions) £138,000. Of course, I’d like £138,000 a year but in the context of some AIM salaries it is far from excessive.

That, I suggest, means that cashing in on 19 million options at 1.55p at a total cost of just shy of £300,000 might be a bit of an ask. I gather from a reliable source that Kerim Sener would have liked to exercise the whole lot – hardly surprising if the potential $10 million special dividend comes our way – but will perhaps have to “bootstrapR21; his way there.

Now with a stack of cash in the kitty – less whatever tax is due – his remaining 12 million options at 1.55p, costing £186,000 looks a bit more manageable. So rather than assume spivvy behaviour, I suggest that shareholders keep an eye out for another share options RNS – the only problem being close periods when he can’t deal. My hope is that he will be able to cash in quickly and prove me correct in my assumption – and bag a bigger share of that special dividend (maybe as much at 0.75p per share).

With further news on the proposed corporate action and special dividend surely imminent, I am confident that my read is correct. Unlike some AIM Casino directors, Kerim Sener has a well-earned reputation as one of the good guys and I would strongly doubt he would let that go for a few spivvy quid.

So my call, at 5.75p, is to hold tightly whilst we await news of that special dividend and the rerate which will surely accompany it, not to mention the next leg-up in the Gold price which I believe is coming which will further boost the shares. The next target remains 7.5p.

[xow98] 27/10/2020 15:36

Anybody have access to the rest of this?

Ariana – CEO selling millions of shares but all is not quite what it seems
BY NIGEL SOMERVILLE, THE DEPUTY SHERIFF OF AIM

It was announced this morning that Kerim Sener, CEO of AIM-listed Turkish gold-producer Ariana Resources (AAU) has exercised 7 million options at 1.55p and sold five million shares at 5.9p, a further 1.5 million at 5.75p and his wife has sold a further 2.4 million at 5.75p. He subsequently bought 92,000 into his SIPP but that is a fair amount of selling. Should we follow the lead?

[corrientes] 27/10/2020 14:43

I know this company inside out (as an outsider of course). This can't possibly be happening, particularly right now. I swear I can read the directors' moves like a book, so this can't be happening? Yes, it can.

Oh dear !

[jaf1948] 27/10/2020 14:43

One of the first things you learn as a manager is never give a commitment to something over which you do not have total control. Obviously Kerim thought that it would happen in October, and it still might, but as Lottsgold says, it is leaving a sour taste.

If it is a closed period, then there would not be director buying. Therefore it cannot be a closed period so why did they not wait until next week rather than muddy the water now.