Ariana Resources Share Discussion Threads

[cyberbub] 28/10/2020 13:47

Remember though that every day the JV is delayed is literally thousands more in our bank account.

[kirbs4] 28/10/2020 13:45

I think it was also mentioned yesterday, it does make you wonder whether people will now doubt the agility of joining with Oz, given the main benefit of having them on board is to expedite stuff quickly, and we'll be giving them a fair chunk of the company for the pleasure, a 10 month delay in the deal itself is hardly an advert.

[kirbs4] 28/10/2020 13:43

Whatever anyone's opinion or counter opinion, hard fact is we are down about 15% over the last week, a week that most of us were expecting/hoping for a jump on release of the circular that is 10 months late already, difficult to getaway from that. Snail pace and poor timing around the Kerim transaction coming together is the catalyst for this imo.Itsa tough one because it makes you think back to how bad they used to be at managing comms etc, but the very fact that it feels a different time is demonstration of how far they had come, on the flip side again though that just makes it all the more frustrating.

[jaf1948] 28/10/2020 13:42

And down again.

The Law of Unintended Consequences is certainly playing out here. Remember an off-the-cuff remark from Gerald Ratner destroyed a multi-million pound enterprise. What may have seemed good and even sensible transactions on tuesday may not look quite so good now.

[actonovator] 28/10/2020 12:44

Whilst i wouldnt say I had no niggles, I gain reassurance from the fact that the 5m was sold off-market to an individual/organisation. They would have been known to KS and hands shaken on the understanding the deal still stood. I dont know this for certain but I dont see how it could have been concluded otherwise.

[1candc] 28/10/2020 12:44

You beat me to it shortarm

"if Kerim was aware of info resulting in deal not going ahead which market isn’t privy to then he wouldn’t be able to deal."

Bosbus - I suggest you reread biggles post but also scroll back and find NS's article that explains a credible reason for KS's sale

[shortarm] 28/10/2020 12:40

FFS!Put yer money in the bank where it's safe lad.IF KERIM HAD INFORMATION DIFFERING TO WHAT IS IN THE PUBLIC DOMAIN HE COULD NOT TRADE!I'd put it in char size 24 and red for you but that's no possible in this app.....

[bosbus] 28/10/2020 12:29

Biggles 784,
I'm reassured by your post but surely KS will have knowledge of the state of the deal that has not been made public? I am concerned that his trading means there will be no deal in the near future?

[drh3] 28/10/2020 10:52

Just wait after the US elections and see the gold price fly as stimulus packages are put in place and negative interest rates make their appearance.....

[lottsgold] 28/10/2020 10:33

I've just received an email regarding the polos. We have to earn them, bit of fun whilst we wait I guess!

[plasybryn] 28/10/2020 09:26

I heard from Beril yesterday that she hopes to tell us about the Polo shirts very soon.

[cyberbub] 28/10/2020 09:14

Yes that's correct in my understanding, directors can deal anytime they have the same info as PIs. A close period only occurs at times like the run-up to results or some other news, when they have more info than PIs. So to me KS dealing now means that the JV and its details are all still exactly as has been announced, and final close could be confirmed anytime.

[1candc] 28/10/2020 09:03

Agreed Biggles, people are getting twitchy waiting for the expected news, things will change once the details are released, potentially by Friday.

[bigglesbingham] 28/10/2020 08:48

A couple of points: directors are allowed to trade if the info available to them is not different to the info available to the public. They have said everything on track therefore if Kerim was aware of info resulting in deal not going ahead which market isn't privy to then he wouldn't be able to deal. He added to sipp albeit £6000 presumably with spare cash which he wouldn't have done if there were any issues. He needs cash to buy options. My take is that he wanted to raise money for various reasons including buying up to 19m shares at 1.55p (£300k) , I know institutions were sniffing for are 5-8.5m shares and I believe sale to one party was only way he could raise money without screwing shareholders and his own holding which would happen if he sold into the market. I believe the opportunity to sell a block was available now BECAUSE of impending deal and that's why he sold now.

[dixi] 28/10/2020 08:04

I sincerely hope your correct 1candc, it was hanging on for the JV I referred to not the divi. I too have held shares in AAU for best part of a decade, I hope it proves to have been a wise decision.

[1candc] 28/10/2020 07:55

I think you're wrong, I believe the dividend will be announced shortly and I expect it to be paid this year. Incidentally I am not 'hanging on' here just for the divi, I was 'hanging on' here for the long term almost a decade ago and when the divi is paid I will still be 'hanging on' here.
Some of the recent comments about KS have been beyond the pale, NS's article laid out a likely rationale behind the share sale, I suggest people read that.

[mad foetus] 28/10/2020 07:54

I think the JV needs to be sorted. It's coming up to a year now...can't help thinking if it takes them this long to sign the paperwork how long will it take them to do anything on the ground?

[dixi] 28/10/2020 07:34

I'm not sure who the 'dribbling garbage' comments are aimed at, but I think it's inappropriate. Investors were made aware of a potential special dividend nearly a year ago along with a transformational JV. This has been reiterated throughout this year, but still not happened. The dividend would benefit KS too, but he has chosen an alternate route to raising cash at a critical time for investors. That to me suggests, at this late stage, he is not expecting a dividend any time soon. That of course could be well wide of the mark as nobody knows his reasons for this transaction. I would like to think he knows what's going on, we clearly don't. It's muddying the waters for making investment decisions, not least for those of us who have been hanging-on in here in the expectation of the whole JV completing as alluded to in news releases over the last few months.I appreciate Covid has dealt a massive blow to all of us, but corporate action is still happening out there, just not here.

[ekuuleus] 28/10/2020 07:31

Pulled up by ones own boot straps. He is selling some shares to have the capital to buy some more shares.

Starting an electrical power station - you need some power to start with.

Starting a computer.

[jaf1948] 28/10/2020 07:28

Yes, Kerim deserves everything he has earned. But an army officer feeds his men first then sits down for his own meal, The officer's meal may be better but the men come first.

[plasybryn] 28/10/2020 07:28

Bootstrap?

[ekuuleus] 28/10/2020 07:26

I dont think you get dividends on unexercised warrants or options. Sometimes there are additional clauses to gain something.

The bootstrap suggestion is something I'm inclined to agree with.

[plasybryn] 28/10/2020 07:23

I thought Nigel Somerville explained quite well what Kerim is thinking/doing. Basically like any of us would do. He has a load of Warrants that he wants to convert (exercise) to shares so he can get the Special dividend. To buy his Warrants, even at 1.55p means he has to raise a lot of cash which again like most of us he doesn't just have lying around. His actions make sense to me. He even bought an extra 90 odd thousand as well

[shortarm] 28/10/2020 07:21

For me....Kerim has turned a nice amount of money into a lot of money.... His salary - pah, it's pretty low! All good to him for getting the share price to where it is!Yes - there's a lot more to come.

[jaf1948] 28/10/2020 07:13

To me, the message from yesterday was clear if unintentional:

'You shareholders can wait a bit longer for your rewards - I'm taking mine now'

Yes, Kerim deserves what he has made, but the timing was poor.