Ariana Resources Share Discussion Threads

[bigglesbingham] 26/1/2021 00:42

The error wasn't the sale of shares as this was due to very limited time to exercise the transaction the error was not realising how much his sales have implications on sentiment and communication of the rational for the sale which came out in an interview a week after it should. The company is aware of shareholders views. The company is following a very successful strategy it needs communicating and they are aware of this too and I believe are addressing it. We know PG are more geared to larger companies and as we grow hopefully they will pull their finger out. I believe we are in as strong a position operationally as we've ever been in and that's what I look at when investing . It's interesting that those calling for KSs head I don't recall having been seen before on this board and the reasons for his removal are not backed up by good reason. His track record has been exceptional. But if you don't agree then walk. It's simple

[bigglesbingham] 26/1/2021 00:24

Please understand the travel restrictions before you make comments. The reason Perth is practically normal now is the forge in travel restrictions

[pharmoutcomeszzz] 25/1/2021 23:41

KS is an Australian resident. As such there is a strict legal exit ban on him leaving the country.
Citizens / residents can apply for an exemption if they come within 1 of 6 criteria. Without listing them I can tell you Kerim is not covered by any of the six.
May sound authoritarian for a ‘liberal’; country like Oz but there we have it.

[uknighted] 25/1/2021 20:58

GGP shareholders thought GH was doing a great job, presumably the ii’s thought otherwise! Often we pi’s have no say in corporate matters.

[a.fewbob] 25/1/2021 20:35

What?!

Kerim is doing a great job!

The share price is beyond his control. I reckon it’s cheap because we are a tiny outfit and we are in Turkey.

[yorkie52] 25/1/2021 20:31

Maybe its time for a new CEO. Gervaise Heddle from GGP is available.

[8rad] 25/1/2021 19:31

Plas.. perhaps the disconnect is because we do not have a Ceo…. just a very very good geologist.

[lottsgold] 25/1/2021 19:27

I completely agree with many of the comments the PR has been a disaster. Soul is right on the market being soft we are not the only miner undervalued with shareholders getting frustrated. On Kerim being on site am I correct in thinking he can't physically leave Oz due to the restrictions?

[trevor1234] 25/1/2021 18:06

We don't know why KS has not been to Turkey in along while (Yes we all know about corvid) but if it was me I would have wanted to have been there a few times in the last year.I would have wanted to have seen my new business associates face to face.
I would have hoped I could have hurried things along. I would have wanted to have seen the mine and the ball mill etc. working
I would have wanted to have gone and visited the exploration/drilling in person.
I would also have asked Panmore Gordon and Yellow Jersey to have visited the company there to see what they were going to do to stop this share price slide

[soulsauce] 25/1/2021 18:04

Can't argue with any of that Plasybryn and the tick ups suggest others agree too.
We both know YJ and PG should be fired.

[soulsauce] 25/1/2021 17:26

Unfortunately the mining market has gone a bit soft for whatever reason, and we still have a very obvious seller.
Lets hope the company are working hard to get over the line whatever it is that has still not made it possible for full sign off even after the ok from Gov't.
I would have liked the company to have explained what is now required.

[jaf1948] 25/1/2021 17:19

Pharm,Thank you for the compliment and yes, 1948 was a good year !All is not lost yet and hopefully the board will learn from their mistakes. I'm not selling yet but I felt strongly enough to put my views on here.

[pharmoutcomeszzz] 25/1/2021 17:12

Hi Jaf.I also have a great deal of respect and interest in your views and your summary of the recent business communication errors is hard to argue against. However, during the ‘hiatus’ of the last 14 months, the shares have still managed to double and the fundamental business case is screamingly stronger than at any time during your 7 years of loyalty. If 1948 is your year of birth then I understand the ticking clock- I am of similar vintage!! With lockdown there’s not a lot to spend any profit on, so please sit tight a few more months and wait for the dividend and plethora of exciting news once the JV is finally signed, sealed and delivered.

[dixi] 25/1/2021 17:05

JAF1948, it worries me sometimes that this looks too much like complacency, possibly resting too much on one's own laurels. I know that may sound a bit harsh, but this is a listed company and it is going to attract detailed scrutiny and criticism by its owners (us).

[jaf1948] 25/1/2021 16:56

biggles,

I have a great deal of time and respect for your opinions. I agree that the company is heading into new and hopefully very profitable areas but against that I see elementary business errors creeping into AAU - a few examples: promising a date when they had no control over it, taking options a day before bad news for shareholders, not having the JV agreement signed as soon as government approval was given. I wasn't even going to mention the CEO being many thousands of miles from where the action is.

In the past, I was happy(ish) to take what the company said on face value. I am now slightly more sceptical.

[bigglesbingham] 25/1/2021 16:46

The shareprice has disappointed since hitting 6.3p however although there have been delays which have now all but been resolved I feel to jump ship now would be irrational if you had made the decision to invest here. May seem a strange comment but my belief is there has been a large seller that has nothing to do with the state of the company. A shareholder who owned 20m shares died and his estate I believe was only being sorted in October 2020 when the sale of shares seemed to start. I am only surmising but I think the two are linked and this provides an excellent adding opportunity and I've added again today. I have spoken to the company and although I have learned nothing new I am convinced more than ever as to their vision and accomplishments and what they are trying to achieve. But some may see this a ramping but I put my money where my mouth it.

[jaf1948] 25/1/2021 16:22

I agree, dixi. I am close to selling out of AAU completely for the first time since 2014. I am sorry to say that I no longer have faith in KS to do what's best for the shareholders - I'm not going to go over old ground again by going into detail.

To go from under-promising and over-delivering to what we have now - 14 months of hiatus - shows me a company that no longer has its shareholders at heart. I will give it a bit longer but I'm not optimistic.

[dixi] 25/1/2021 16:11

Against other investments I shortlisted for my hard earned, I have to admit AAU has been a bit of a disappointment. Even allowing for the rise from single penny status. Hindsight again. AAU owes nobody anything though, it may pay handsomely from here, or it may not. Nothing is guaranteed. I hold in hope.

[jc2706] 25/1/2021 15:45

A one day dip below a support level does not mean that much. It would need to be followed up with further declines and a weekly close to confirm. But the short term chart doesn't look great. The longer term is still intact in my opinion.

From a fundamentals perspective, I am pretty sure that everyone would like to see this JV completed and the capital returned. I think that it has dragged on long enough now. At that point price will likely be driven by exploration progress at Salinbas and in Cyprus.

[xow98] 25/1/2021 12:38

Panmure Level 2 : Buy 4.70, Sell 5.70

[bigglesbingham] 25/1/2021 11:08

Are you shorting

[lottsgold] 25/1/2021 10:51

You see this at 30million valuation? Surely you mean hope? Certainly feels like someone's shorting this at the moment...

[soulsauce] 25/1/2021 10:11

You are not a holder then Crest and never have been?

[crescenter] 25/1/2021 10:07

Chartwise it has fallen through support at 4.9p and his heading down.

There is support in the 3.9/4.2p area but if that is breached then there is another area of support resistance at 3.1/3.5p

After the dividend payment I see this at sub 3p.