Ariana Resources Share Discussion Threads

[dixi] 05/11/2020 15:59

Thank you BB for informing the board of your transactions. There is absolutely no expectation of you to have to do this, so it is appreciated. I would like to think that means the selling will now reduce by a few degrees. It's been a rocky couple of weeks, hopefully the share price can now stabilise and ultimately move on up :-)

[1candc] 05/11/2020 15:27

Gold up $45, good boost to our profitability surely must tempt some buyers out there

[bigglesbingham] 05/11/2020 15:00

My holding is still exactly what is stated and for the record I had no idea Kerim was going to exercise warrants. I have always had an aim to invest 3% that that's the figure I settled at. The exercise of warrants meant I had to issue rns. I have been nothing but straight without any requirement to explain myself. I've chosen to do so because I appreciate many on this board have commented that they have increased holding a because of the board. Please don't lose sight I have 32m shares and I fully believe in the company. I would have managed communication differently over last 10 days knowing what we know now about slight delay albeit nothing has changed regarding intentions of parties (sure web have been told if Fridays meeting hadn't gone according to plan). It is was it is though so if you believe in the story stay if you don't it's ones perogative to leave.

[1candc] 05/11/2020 14:49

biggles, that's very decent of you to explain something that you were under no compulsion to do, thanks for letting the BB know, appreciated.

[1candc] 05/11/2020 14:46

Ek - I was on the cautious side

[bigglesbingham] 05/11/2020 14:45

Explanation as to recent rns. With covid there was a rule put in place stating self employed or partners of LLP didn't have to pay 31st July tax bill to 31st jan. Because I believe in AAU so much and still do I used tax money to invest in AAU shares with a view to realising these shares in the autumn to replenish my tax account. I felt it was a bit of a no brainer based on their assets , JV and future prospects. I built up to 35m as quoted on the board. Because this was planned I was able to drip feed into the market at a very slow rate over many weeks so as not to affect the share price. Because last thing I wanted was my remaining 3% 32m being affected or indeed other holders. I was at 3% level well before Kerim exercised his options and the average price for those 3 m was more than the 5.9p Kerim got because of the slow feed into the market. My positive views of AAU are unaltered and I believe everything is still on track. The sale was use of tax money. I know I don't have to justify but it's important that people understand the rationale behind my actions.

[actonovator] 05/11/2020 14:44

So having accumulated up to 35m+ he then sold back down to exactly 32003422 (the amt of his first holdings rns)?? Not 320050000 or 32010000. Then KS exercised his options and coincidentally Biggles has to rns a second time when he fell unexpectedly below 3%. I suspect/guess Biggles has sold down under the 3% - lets hope its just for tax reasons.

For the record I have probably made a 100+ buy/sell transactions for AAU over the last year so I'm not a 100% loyalist - though I have a core holding.

[soulsauce] 05/11/2020 14:26

Unless we are suggesting he went to 35m+ and then coincidentally sold back down to the exact amount on the holdings rns?

[soulsauce] 05/11/2020 14:21

But the maybe that has just been adjusted from his previous holdings announcement and the company is not aware of his increased holdings as he has not crossed 4%?
Just spit balling as I am not sure how these things work but given the amount of times bigglesbingham has topped up I doubt he would have to inform the company each time.

[paul280i] 05/11/2020 14:19

Biggles post 30th Oct.
"Wish I didn’t have my double tax bill coming up but suppose 3% is enough albeit on Tuesday it will be slightly less than 3%."
Could he have sold some to pay his tax bill? Lucky man, I fondly remember the days when I paid large tax bills. You have to make it to pay tax.

[ekuuleus] 05/11/2020 14:16

1canc - you might want to check your maths.

[actonovator] 05/11/2020 14:13

bigglesbingham - 19 Aug 2020 - 11:18:04 - 24675 of 25724 Ariana Resources Producing Gold/Silver in 2016 & Lithium Exploration - AAU
Just topped up with 106306 to make total holding 35m .

[soulsauce] 05/11/2020 14:05

The clue is in the date, threshold crossed the same day Kerim added his options. Just boiler plate stuff due to more shares in issue.
I doubt very much bigglesbingham has sold any.

[pauliewonder] 05/11/2020 13:59

Good to see the gold and silver prices rebounding. Great that we maintain above 1900. Cash generation for the co should be good.

[shortarm] 05/11/2020 13:45

Gold and silver are having a lovely afternoon and Copper seems to want to join in...

[actonovator] 05/11/2020 13:34

Well we are all here to make money and buy and sell as we wish, but we are also here to speculate about the company's large holders - so sorry in advance Biggles - nothing personal. But even after Biggles posted he had 35m he posted that he was still buying, so perhaps at least 3m+ disposed. And would he revert to his original RNS amount of 32003422? Seems unlikely. No comment expected Biggles. Just idle speculation while we wait.

[shortarm] 05/11/2020 13:04

I don't think he has but I'm sure he'll let us know shortly.

[cyberbub] 05/11/2020 12:55

POG breaking out. Let's see if it holds - I'm not particularly hopeful given the trend of the last few months.

[actonovator] 05/11/2020 12:53

I think Biggles has got rid of quite a few - I'm pretty sure he posted he had 35m not so long ago.

[thanksamillion] 05/11/2020 12:47

Seems the increase in number of share following KS options reduces BB percentage below 3%.

[cool hand kev] 05/11/2020 12:36

I'm guessing that RNS relates to bigglesbingham?

[shortarm] 05/11/2020 12:08

That's a nice starter but I'm happy to wait for the regular dividends once they've doubled production at Red Rabbit and brought Tavshan online. Then we start processing the monster that is Salinbas :-)

[1candc] 05/11/2020 11:53

Silver particularly and Gold strong this morning which is good to see, more profits stacking up for us while the final details of the JV work through.
Regarding the proposed dividend the consensus appears to be it will be around .075p. Does anyone have a different figure? If it is .075p then we are looking at a yield of circa 15/16%, well worth having and certainly a magnet for investors to lock into.

[thanksamillion] 05/11/2020 10:40

It would have to be "Trump and Biden"