Ariana Resources Share Discussion Threads

[maddymoo] 27/1/2021 21:06

That would gain some momentum!

[thanksamillion] 27/1/2021 20:57

Perhaps we should enroll Reddit to help.

[jaf1948] 27/1/2021 19:46

Post script to my message 3180:

I did receive a reply from Yellow Jacket which explained that there had been an issue with their mailbox which is now resolved. They could not give me a direct answer to my question on the reason for the delay but they did take the trouble to explain the situation.

[charles clore] 27/1/2021 17:59

I think all the auditing and due diligence would have been done already. They have had long enough to run multiple scenarios on the capital and current accounts and assets and it can therefore only be a matter of catching up to the last few days prior to and post-government approval. I can't really understand the holdup and would have expected at least some reassuring commentary on the current situation by the board.

[yorkie52] 27/1/2021 17:27

The new Jv means that Proccea and Arianna will only have 25% each rather than 50%. In return Aau receives around $37m. Since the government approval on the 19th they will now be busy finalising the exact transaction cost through an audit process so that the final agreement can be signed on an agreed date. Each partner will need to be satisfied that they have the correct amount of proceeds. Remember, work is being continued at present on the basis of 50/50 Aau/Proccea until the final agreement is signed. This how I see it anyway. Not sure how long it takes to do the auditing. I wouldn't thought it should take that much longer though. Maybe expect news next week?

[bigglesbingham] 27/1/2021 15:11

I'd personally value the business without Jv at over 7p as pannier Gordon have in their notes. Unfortunately everyone got so embroiled with this JV we've all lost sight of the true value here. You've hit nail on the head you said you'd wait till JV. If this is not a company defined be the JV. The reason is there's no strategic document to refer to but I believe it's in hand. As I've said great buying opportunity though so I added again today.

[dixi] 27/1/2021 14:53

bigglesbingham - I'd put it on my watch list and keep an eye on how the JV works out, I would not buy just now. But that is not a reason to sell as a current holder.

[doinnuthing] 27/1/2021 14:03

Good point BB how about : COBCO 679 PLC ? Could not get much more similar

[bigglesbingham] 27/1/2021 13:40

The question to ask is if you came across AAU under different name with same fundamentals and share price would you invest if no the sell if yes consider adding at these levels.

[doinnuthing] 27/1/2021 13:05

I am hoping (no justification other than below) for the new JV shareholding to be in place on 1st February.
I would expect the change to happen at a month end thus enabling stock taking etc to be carried out and the accounting to be clean : thus allowing the profits to be split appropriately between the two shareholding structures.
If this is the case it could be / have been announced in advanced unless there is still a technical issue with one of the interim companies / share transfers / something else, others here have pointed out Kerim alluded something in a recent interview.
Onwards and hopefully upwards............

[kirbs4] 27/1/2021 12:58

Crossfire it isn't pessimism, it's reality. At the end of the day we are all here to make money, and a lot of us already have here. Whatever the explanation the fact remains that on all conventional measures AAU flys consistently under the radar when it comes to mcap. I've been hoping that would change and at times have seen the green shoots of progress, but it is always closely followed by more of the same. This deal is the latest example of taking a massive opportunity to sell the company and turning into a perceived negative talking point. We all know fundamentals are great, but they've been great for a long time and it has remained undervalued despite rises in the share price with the gold price. I honestly believe if this deal was resolved close to the originally suggested timelines the share price would be near 10p, yet even on announcement I don't see a steep and sudden increase now. Any investor not having the conversation you are having with themselves must be emotionally attached, I'm not saying everyone should come to the same conclusion of course, but we should all be having the conversation imo.

[jaf1948] 27/1/2021 12:57

An error on ADVFM - the share price has turned blue !

[lottsgold] 27/1/2021 12:31

Does it not still really fall at the BOD to instruct YJ to create something or are they paid a retainer to do something regularly? I think the company should be giving YJ a push and what direction to go in. Looking at the website they look the part....if we aren't supplying guidance I'm not sure the issue is YJ.

[soulsauce] 27/1/2021 12:07

Wishful thinking paul probably.

It's one of those things I have never understood and said so when we took them on.
Anyone of us on here could do a better job with what we know about the company and how investors react to news.

[paul280i] 27/1/2021 12:03

Could it be that Yellow Jersey have been sacked or is that wishful thinking on my part?

[konil] 27/1/2021 11:57

any chance the 'seller(s)', if such existed, are finished?

or perhaps no buyers, so no deals to show?

[dixi] 27/1/2021 11:34

Haha, great PR for a PR company, how utterly incompetent for a ‘Pro’ outfit!!

I'd phone them and point this out to them, it's starting to now make AAU look like a proper AIM company.....

[jaf1948] 27/1/2021 11:27

I filled in the investors 'contact us' form on the Ariana web site this morning asking that very question. My message was:

'On January 19th, you told us via an RNS that the Turkish government had given their approval for our JV to go through. I, like many other shareholders, had assumed that after 14 months of waiting, this would be the signal for completion but we have heard nothing since. Are you able to tell me the reason for the continuing delay and when we are likely to get the final announcement.'

I received a message back from Ariana within minutes saying 'Thank you for contacting us. We will get back to you as soon as possible'.

One minute later, I received a email from [e-mail] entitled 'Undeliverable: Fwd: Undeliverable: New submission from 'Investor Enquiries'. The message said 'An email admin at yellowjerseypr.com has created a custom mail flow rule that blocks messages that meet certain conditions'.

I wrote back to [e-mail] asking why and that has also been returned with the same message.

You couldn't make this up.

[actonovator] 27/1/2021 11:25

Well as far as I remember they have signed the contract and Ozaltin have paid a deposit. There were only 2 scenarios which voided this - not getting AAU shareholder approval or not getting Turkish govt approval. Both have been met. This gap is presumably to get things like funds in place, maybe a bit like buying a house with exchange and completion. RNS Monday morning I would guess.

[kirbs4] 27/1/2021 11:08

The problem is they never really commit them as deadlines, they just state them as aims and don't seem worried if they don't make it. It's that Flakey spirit and lack of appreciation of the impact it has on attracting investors which stalls the share price frequently. Even right now, we were led to believe the only outstanding point of the deal was the competition authority, yet it still isn't signed. There may well be a good reason for this but as usual shareholders are left guessing. I do have a slight concern still about what Kerim touched on during the interview last week, he mentioned in passing that there was an outstanding issue to be resolved with the structure of the JV, I took it to mean personnel wise as opposed to any significant legal/procedural point but maybe that is what is still not resolved. Whatever it is, we shouldn't be left guessing, that's the issue here.

[cool hand kev] 27/1/2021 09:42

It’s not unknown for AAU to miss deadlines 😢

[8rad] 27/1/2021 09:41

"working with Ozaltin and Proccea to finalise the transaction"....there has been 14months to work that one out..surely it should have been a rubber stamp job.If it is not completed by end of January. we all deserve a full explanation and not vague waffle.We live in hope.

[xow98] 27/1/2021 08:59

Expected Completion date per the Circular was end of January, so they don't have much time left to meet their own deadline. This should have completed the day after CAA received.

[dixi] 27/1/2021 08:29

Pretty hefty volume overall yesterday for AAU, I wonder what that has flushed through? Hopefully some stability is due?