Ariana Resources Share Discussion Threads

[lottsgold] 10/12/2020 07:57

I did wonder if the grades were lower than expected? Do you think it will be a rough day over at GGP?

[lottsgold] 10/12/2020 07:56

Plus any cash we have already which could be substantial! Onwards and upwards. I may sell a property of this seller continues much better chances in AAU than property in the coming years I think.

[jc2706] 10/12/2020 07:39

I hadn't seen the Newcrest report so thanks for the link. Top reading makes that the most disappointing resource statement in history! I suspect that it is only a part of the asset but even so. Considering GGP's valuation I was expecting way more, even as a first hit.

It is very difficult to compare this with Salinbas and I suspect Havieron is substantially bigger with better access to infrastructure and processing. I would like to see Salinbas progress and if it is 'only' Hot Maden II I would not be too disappointed!

[bigglesbingham] 10/12/2020 07:26

Also let's not lose sight of the fact we were in JV with eldarado who put in over $8 m to get resource to 1m oz then we used ozaltin drill results plus some of our own to increase to 1.5m oz now we have a free ride to development . Development will probably be via debt repayable once producing therefore arguably could be free ride to production. Got the kiziltepe cash cow , tarsvan and doubling production at kiziltepe then we've got Cyprus. On then $37m cash of which I estimate a dividend of 1.2p per share. (I assume 20% tax and charges o. Deal, then 50% special div). So even if shareprice drops 1.2p you'd be buying in at 4p and we've have £13m in bank for other projects and exploration. Pretty dam good if you ask me.

[lottsgold] 10/12/2020 07:24

Thanks Biggles appreciate your input.

[bigglesbingham] 10/12/2020 07:17

The board think so I can assure you.

[lottsgold] 10/12/2020 07:05

Thanks Biggles, when you put all that together I start to get very excited about the value of Salinbas. Could easily be worth low multiples of our market cap for our stake in the project without everything else. I hope they really do go for it next drill season, next year could be huge with Tavsan being built (not finished), Salinbas results potential, Kiziltepe expansion, Venus and any new projects they go for. That's where the next value is all this JV and divi stuff will be forgotten about this time next year. Positive day today please:)

[bigglesbingham] 10/12/2020 06:46

Think Plas is up with greatland gold. Also Starvest heavily invest in it along with holding 18m shares in AAU. But another point is that Callum Baxter (who was on the mine visit with me Oct 2018) is Chief Technical Officer of Greatland Gold PLC and Chairman/CEO of investee company Starvest PLC. Callum is an experienced geologist and investor with over twenty years exposure to capital markets and the natural resources sector specialising in early stage exploration. Ariana is close to Callum so greatland gold valuation is NOT lost on them.

[bigglesbingham] 10/12/2020 06:39

Onwards and upwards

[lottsgold] 10/12/2020 06:16

Clearly they are in a good jurisdiction and have other licenses but the gulf in value is crazy? Here's the link to the report- https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02320519-3A557689?access_token=83ff96335c2d45a094df02a206a39ff4

[lottsgold] 10/12/2020 06:11

Morning all, is anyone familiar with GGP in any detail? I've been looking at the Newcrest report out yesterday and I can see similarities between Haverion and Salinbas. What else is GGP valued on as they will only own 30% of the deposit after Newcrests earn in...you can see where I'm going but it's early and I'm clearly missing something.

[temujiin] 09/12/2020 23:25

All fair comment Biggles. I've expressed my views fwiw and will leave it at that.

[bigglesbingham] 09/12/2020 23:10

If he hadn't been successful company wouldn't be around to earn 100k plus. Don't forget he bought 17m with his own money and took part in every share raise therefore putting his money where his mouth is. The warrants wouldn't be exercised if shareprice wasn't higher. Their salaries are by no means excessive based on their roles and what they have achieved. Insurance reps earn £200k plus with no responsibility as an example. As I say it good to have differing opinion on a board and ones views are shaped by ones experience.

[charles clore] 09/12/2020 22:58

Biggles - valid points well put forward.

[temujiin] 09/12/2020 22:58

BB,
ones views are often born from ones experience, status and values. From my position I regard KS's pay and pension of £138,000 last year, is reward enough. Share options of 19 million for me is greedy. He's no more greedy than many and I agree with your comments re HUM.

As I have said KS is a fine CEO and has done a good job steering the company. I like you, have been well rewarded by believing in the company as well, but we risked OUR money that we may have lost. KS is trousering £100k+ a year regardless of how the company does, so for me, huge share option profits and free shares smacks of greed. But as you say, it's fine to disagree.

[bigglesbingham] 09/12/2020 22:05

Tem couple of points the warrants were in existence for over twelve months and as such they had value prior to today. The money you refer to is not a great deal if you look at the level of remuneration and bonus and warrants averaged over last five years compared to his peers. I suppose ones perception depends on what you experience in day to day life. I'd rather be invested in company where interests of directors and shareholders are aligned ie share returns. If they has splashed out massive bonuses then fine I'd question them but they chose the route of warrants at higher price than the then shareprice which effectively rewards success. They didn't do a hummingbird where directors offered free shares. Some will agree with you some on here will agree with me. As we have agreed we can differ. Final point is you held a few million and made a decent profit -- thanks kerim.

[plasybryn] 09/12/2020 21:47

Have you seen Kerim's interview on Proactive today? The Co. put it on Twitter.

[plasybryn] 09/12/2020 21:38

Have you had a look in the latest Annual Report and Accounts on the Co website?

[temujiin] 09/12/2020 21:31

Risa, I don't think we can take any kind of steer from KS selling other than he, like 95% of CEO's/BOD's, like to grant themselves hugely lucrative options that they can then cash in and make vast amounts of money from.

KS today made £170k pre tax and netted 100k of free shares as well. He and his wife bagged similar amounts of dosh and shares in Oct. He's steered the company well and I have enjoyed the ride too but any idea KS is much different to most other directors that plan to make huge sums of money are imo, clearly not correct.

KS is fine as CEO's go, but he's defo in it for the money, like everyone else, and in his case one can make the argument he's earnt the greedy reward more than others.

[risa5] 09/12/2020 21:10

Mcap around 65m and share price about 6p in October before KS started selling.

Obviously share price will not go anywhere fast while director is selling the options as he has first hand knowledge of the company.

[kirbs4] 09/12/2020 19:36

No need for that JAF. All views are valid views, especially those of a shareholder. Those who disagree should perhaps be looking more at how we got to a point where a shareholder feels that way, and explore how we resolve that, as Biggles has done. It's not about convincing you you are wrong.I believe in the big picture KS is deserving of being rewarded, but given the recent frustrations linked to shoddily handled communication around the deal, plus several missed deadlines, I can absolutely understand your stance. I see that more as a timing issue though, and the resolution is also related to the points Biggles has already called out imo.

[temujiin] 09/12/2020 19:20

JAF1948,
no need to depart because you feel the forum is mostly against you, and I know how that feels with some even trying to get others to filter me. It's important you and everyone gets their views across even if the majority don't agree.

Holding a minority view obv don't mean you're right, it also doesn't mean you're wrong either and most here appreciate a polite alternative view if well argued.

[soulsauce] 09/12/2020 18:58

No need to apologise Plasybryn, great post. I think you nailed what most of us are thinking, especially regarding the capital reorganisation.

[kirbs4] 09/12/2020 18:50

Good post Plas, unfortunately all outstanding points/missing information is the stuff shareholders!/potential investors need to know to calculate when they may see the benefits associated with the deal finally getting through. While it's left to those people to make assumptions for themselves, the fact its been delayed so many times already is an issue imo.