Ariana Resources Share Discussion Threads

[paul280i] 30/12/2020 12:37

100% in favour?, I remember someone on here voting against.

[xow98] 30/12/2020 12:36

the resolution duly passed with 100% of shares voted in favour.

[soulman] 30/12/2020 12:11

Apologies if the answer is obvious but where on the company website is the Q&A and Presentation? I have had a good look but can't find anything. Thanks.

[konil] 30/12/2020 12:02

plas, agreed. the govt permit/clearance is the thing i'd like to see done and dusted.

[amunro] 30/12/2020 12:00

AAU has been treading water for a couple of months. I am glad things are moving now. Just bought another chunk in anticipation of a hike up. Think we are well overdue a rerate. The big company behind AAU/Proceea and AAU being able to move on to what they like doing which is developing a resource. There will be more interest in the company and it will drive the price up.

[plasybryn] 30/12/2020 11:21

40 minutes to go: - General Meeting on the Deal and approval for an injection of $37.75m in cash plus commitment by Ozaltin to invest a further $8m to further the development of Salinbas. Got to be a forgone conclusion.

[soulsauce] 30/12/2020 10:50

Unfortunately when they did offer placings they were to bucket shops but that's another story and now Instis only want in on the cheap at LTH expense, well tough.

[plasybryn] 30/12/2020 10:27

Q23: Are you able to comment on how attracting Institutional Investment is going? Will Ozaltin become a shareholder?

We have developed a significant institutional following through the efforts of Panmure Gordon. However, the institutions we have been in contact with have only been keen to participate through a placing. Given we have not offered a placing, there has been no mechanism to bring them in as shareholders recently. With regard to Ozaltin - who knows - it is early days. However, Proccea remain significant shareholders at 1.5% of the company.

[plasybryn] 30/12/2020 10:26

This was one I asked.
Q22: As far as I know Panmure Gordon haven't commented on the value of the Co. post the Deal. Surely they need to give guidance to their clients. Can we expect to see this soon?

Panmure Gordon are unlikely to provide an update note until we have the deal concluded. Given the conditionality of the deal (notably Ariana shareholder approval) a revised valuation would at this stage be premature. But the numbers are easy enough to work out anyway. Post-deal the valuation would be underpinned by the cash, plus our share (23.5%) of the implied valuation of the deal on the assets (Kiziltepe & Tavsan valued at approx. US$100 million and Salinbas valued at US$30 million). In addition a value would need to be assigned to our other interests, notably Venus Minerals, along with a valuation of the exploration and development upside across the portfolio.

Doesn't address why Greatland Gold's valuation is 26 times ours!

[plasybryn] 30/12/2020 10:16

I got it wrong. The Q&A's are listed and appear as a separate section. Video on left and Q & A's on right.

[soulsauce] 30/12/2020 10:05

Q&A and investor presentation up.

[plasybryn] 30/12/2020 10:04

The Webinar video is out but nothing as far as I can see on the outstanding Q & A's.

[soulsauce] 30/12/2020 09:27

So Venus/AAU & CHF/Poly will be sharing the drilling rig in the new year.

[bigglesbingham] 30/12/2020 09:20

We've been receiving our share of cash from the JV on a regular basis it's not just sat in JV. As to exact amounts I'm not exactly sure.

[bigglesbingham] 30/12/2020 09:18

I think they would need a couple million dollars working capital

[paul280i] 30/12/2020 09:13

I asked Kerim about the cash balance at the Q & A session last week. His reply was a little vague and said that they would have to leave a working capital float in Zenit. I'm Hoping in the written details of the session it may be a bit clearer.

[cyberbub] 29/12/2020 22:39

Thanks soul, yes I had thought about $5M p.a as a base level.Plus approx $15M cash after the special divi is distributed.Plus 50% of the cash balance in Zenit pre-JV? Did we get any clarity on whether that cash balance would be split? Seems only fair to me given that effort that has gone into accumulating that cash over many years! I would think the current overall cash balance must be $15M+, it would be nice to get 50% of that! Or at least to have it fully ringfenced to deliver a free carry on the Salinbas development etc?Sorry if I'm getting a bit confused over the details on all this, I've been mostly dealing with other investments in recent weeks.

[soulsauce] 29/12/2020 21:20

Approx $4.5 - 5m profit by my reckoning and that is before throughput is increased.

[cyberbub] 29/12/2020 21:15

Once the deal has gone through, has anyone got a ballpark figure for how much revenue Ariana can expect to be making with the 23.5% remaining holding in the JV?

[bigglesbingham] 29/12/2020 13:19

Results are in and buying has started on the back of it I assume.

[kirbs4] 29/12/2020 12:33

Waiting game continuing here, share price stale while we wait for approval, but even then will still be waiting for gov competition approval with no eta. Spread not helping either. Hopefully 2021 is more proactive here.

[cool hand kev] 29/12/2020 11:44

Thanks boggles that’s what I assumed

[plasybryn] 29/12/2020 09:47

Fair comment Biggles. Perhaps we'll get an update tomorrow.Other shares are flying today so it would be nice to get something to kick start us.