Ariana Resources Share Discussion Threads

[konil] 29/10/2020 11:28

pedro, thanks for link.

[cyberbub] 29/10/2020 11:14

Thanks for posting the full video Pedro. KS's discussion of last week's share dealings starts at around 9m:30s.Personally I think it's time to put that particular issue to bed. I have no problem with it personally, but in any case it's all done now and "in the price".

[soulsauce] 29/10/2020 11:11

R.I.P Bobby Ball, another covid casualty and sad loss.

[charles clore] 29/10/2020 11:04

I'm scared but I'm also buying

[1candc] 29/10/2020 10:57

The MM's are having a laugh, anyone scared out of their position will miss the snap back when it comes

Makes me wonder if there is institutional interest behind these moves scaring some to surrender their holding for it to be digested further down the line, certainly the selling volume does not justify the drop.

[soulsauce] 29/10/2020 10:55

Cheers Pedr01.

Bit of a big fall on low volume :-/

[linz22] 29/10/2020 10:23

The sales by Kerim did not cause the share price to plummet.
AAU is down some 15% in alignment with most, if not all, of its peers this week (or holding up somewhat in comparison).
No, the markets are all down across the board due to macro economics; Covid lockdowns, pending US election, etc.
Whatever one's take on the timing of the sales is purely a matter of personal perception, but much of what's been written on these boards has been little more than pure hysteria.

[soulsauce] 29/10/2020 10:22

Can someone please post a link that works of that interview please, not the one where Kerim is talking to himself about copper. Thanks in advance.

[plasybryn] 29/10/2020 10:16

I'm not making any excuses or judgements, but Kerim always knows information about how the Co. is developing - knowledge of price sensitive information. He has to inform his Board of his intentions if he wants to sell or buy shares and probably has to get NOMAD approval as well. All takes time. Not like you and me just pressing the buy or sell button. With those sort of issues if you are told you have a window to trade and a ready buyer you obviously take it. As Nigel Somerville pointed out, Kerim sees all those Warrants siting there and knowing the Deal is very close he want's to crystallise at least some of them to Ordinary shares so he can also get the Special payout. Let's hope he crystallises more with the cash he has raised. Give him a break. He is only doing what most if not all of us would do. Let's focus on the business and the direction of trade.
I couldn't believe how much accretive news Jeremy missed out in today's IG interview, but I was very encouraged to learn that expansion plans at Kiziltepe are well advanced and capital cost work will lead shortly to a Feasibility Study.
It was also encouraging to hear grades are higher than expected at Arzu North. I'm sure this years target is going to be well and truly smashed as indeed it was last year. Hold in there or perhaps take advantage of this unexpected dip.

[jaf1948] 29/10/2020 09:45

Biggles,

I agree with you on most things. I think Ariana is a well-run company with a superb CEO and a great future.

On this occasion, I think Kerim made an error and I pointed it out. Some people agree and some people have sold shares this week maybe because of Kerim’s actions.

I have a very large, for me, holding in AAU but that will not stop me commenting on things good or bad with the company.

[skara brae] 29/10/2020 09:41

If you were KS, what would you have done?

[8rad] 29/10/2020 09:37

The real problem is that as usual with Kerim there remains more questions than answers. To sell and buy at such a sensitive time for the company does deserve a full and proper explanation, not just another bland Director Dealing statement...smacks of insensitivy or what?

[bigglesbingham] 29/10/2020 09:33

He's raised enough to purchase all option in the future that's my point. Obviously timing is dictated by his personal circumstances

[bigglesbingham] 29/10/2020 09:31

I am stating facts it's how those facts are perceived. When would you have him sell shares to crystallise ? After the deal? Headline director cashes in after deal? This would result in mass sells as it may be those sells would have to be direct into market cost no offbook buyer. I can imagine the boards then! Fact it there is no right time for an MD to sell albeit here his personal holding gone up but wife's gone down. As to whether I have problems with decisions of the board I have on a number of occasions but rather than air them on bulletin boards I discuss them with the board. So appreciate because I am positive on this board you may feel I can't see any wrong with the directors or decisions but that is not the case.

[jaf1948] 29/10/2020 09:21

Kerim is not the Messiah - he isn't even a naughty boy. He can make errors of judgement like anyone else.

Some people took a negative view of what has happened this week. Some people would defend Kerim whatever.

[jaf1948] 29/10/2020 09:18

The number of shares bought or sold is irrelevant. It was the timing that mattered.

[bo doodak] 29/10/2020 09:17

If these are part of the share options granted in Dec 2017, then you can expect KS to rinse and repeat at some stage as he still has many more from that time.

[bigglesbingham] 29/10/2020 09:16

Did it balls screw the shareprice if 8.5m shares were sold over a few days with our liquidity combined with markets being battered over last week combined with gold and silver under pressure you think we'd only be 10% down??? Suggest you think again, we'd be 20-25% down minimum and believe me I've been in this stock long enough to know how it reacts.

[jaf1948] 29/10/2020 09:15

Biggles,

It is not an opinion that the share price has gone down around 15% in a week. It is not an opinion that there has also been some share dealing by Kerim.

'Post hoc ergo propter hoc' ? Perhaps or perhaps not.

[soulsauce] 29/10/2020 09:12

Kirbs 846 spot on.

[bigglesbingham] 29/10/2020 09:11

Read my post , you have your opinion I have mine. As to timing a week before proposed circular I believe it may be unfortunate if circular doesn't come out because I believe the issuance of circular is subject to ratification /reregistration of licenses which is always at the mercy of Turkish government which with Covid is unpredictable. I'm relaxed about date of deal as long as it's done what we need is clarification that all parties are still fully behind the deal and I for one have not heard anything to the contrary.

[jaf1948] 29/10/2020 09:07

Biggles,

'and it was fair cos it didn’t screw the shareprice and shareholders.'

Except that it did !

[bigglesbingham] 29/10/2020 09:06

As I have said I know there was a buyer looking at between 5-8m as a one off off book trade when price was around 6.2p. KS stated in his interview he is a future buyer via share options. To buy share options albeit at 1.55 you need cash. 19 million share options cost £300k which I would assume KS would roughly have after tax resulting from his sells on Friday. £107k of this was used up to buy 7 m options this week. So KS is left with £2-300k to buy remaining share options (12m) in future. He stated the timing was due to short periods available to purchase I would also add to this I believe the buyer was still sniffing and KS took the opportunity to do the on off trade because it fitted his requirements. He was allowed to do it, it gives him flexibility to have money to exercise options now and in future and it was fair cos it didn't screw the shareprice and shareholders. Rather than get on his back there is an argument to congratulate him. If posters on here can't understand the above logic fine but it makes sense to me.