Ariana Resources Share Discussion Threads

[bigglesbingham] 12/2/2021 19:27

Perhaps because they gave them their word? And your company is only as good as your staff. Zac is crucial to the operation.

[bigglesbingham] 12/2/2021 19:24

When did AAU purchase 4.5m shares? The structure prevented purchase didn't it?

[trommel1] 12/2/2021 18:06

The number 9 is from the Ariana Website, I did not include Zac I assumed he was a UK employee. My understanding is that we will earn in to 50% at Venus but I thought they should announce any increases in % - good PR

[plasybryn] 12/2/2021 17:55

Are you getting the number 9 from the Annual Report & Accounts?

[plasybryn] 12/2/2021 17:53

Isn't it a gradual buy in till we get to 50% next year. Nothing unusual? · Earn-in to 50% will complete once a total of €3 million has been committed to Venus by Ariana, with a further €1.9 million required to be spent between October 2020 and October 2022.

[trommel1] 12/2/2021 17:38

Another example of communication - look at the last 4 RNS's, the first 2 states we have 12% of Venus and the last 2 (including today's) states 16% . maybe a typo but these things should be checked or if correct communicated

[mcmather] 12/2/2021 17:18

Why all this for a very limited Turkish staff - 9? - and for the "occasional purchase of employee shares"??

[paul280i] 12/2/2021 16:38

cyberbub, exactly as I understand it.

trommel1, who said the employees were poor? How would you feel if you had been given shares only to find that it was very difficult to sell when you needed to?

That is my last comment on this subject, except I reserve the right to say "I told you so" at some point in the future.

[cyberbub] 12/2/2021 16:35

Yes it's perfectly normal for shares to be bought in the market as part of employee salary purchase schemes - sometimes this offers tax advantages to the employees. Other times the company agrees they can buy shares at a small discount to the share price, whatever. It's all different forms of incentives to employees - because just like top management, if small employees hold company shares they're automatically incentivised!The GM resolution sounds like the company just agreeing to help employees realise selling some of their shares. Like any PIs the employees may want to sell some for whatever reason.The only risk to Ariana is if they buy back say 2M shares and then sell them at a loss, but I doubt this will make a great deal of difference in the scheme of things. If they hold on to them for a bit, they might sell them at a profit!

[bigglesbingham] 12/2/2021 16:18

You've interpreted it correctly . Must say I thought communication was pretty clear but suppose I was up to speed last time they tried to do this but couldn't due to restructure required. Only thing they didn't clarify was why it's difficult for workers to sell. But I think you've given an excellent rationale

[thanksamillion] 12/2/2021 16:16

trommel1

I cannot understand why you are invested in a company whos management statements you do not believe.

[cyberbub] 12/2/2021 16:09

Sounds to me like the management have again not been crystal clear in their communication about their intent on this buyback for employees.Personally I interpret it to mean that the Turkish employees can't very easily sell the shares they've been given as incentives over the years, because Turkey may not have financial equivalence for the LSE regulations, or there may be Turkish national regulations prohibiting holding of foreign shares, or it might just be too much admin to expect small employees to all open a share dealing account and then Ariana transfers multiple lots of (say) 100k or 200k shares to employees. So the company is buying the employees' shares back and will (at some point) sell them into the market again.Is that right? If so then it makes zero difference to LTHs.In any case this isn't a big deal to me. The key resolutions are about the share capital reorganisation and cancellations. These seem perfectly logical and in all shareholders' interests.What we really need to know is the timescale for the special divi, and to see continued newsflow from Turkey and Cyprus.

[trommel1] 12/2/2021 16:06

Paul - how many of these poor Ariana employees are in Turkey and how did they get there bonuses before this buyback?
My vote will not stop resolution 3 but I am to send a message. They are not listening at everything else

[lottsgold] 12/2/2021 16:05

Every time I go over the details my conviction increases just added another 90k.It's a totally different business that it was before the JV. It's going to take time to sell the new story to the market but the value won't be ignored for long.

[bigglesbingham] 12/2/2021 15:57

Not sure how patient I've been ha ha. But continually added over last month the take advantage of the disconnect.

[plasybryn] 12/2/2021 15:52

Given we are now so close now to the Deal being unequivocably signed off and the injection of 50% of our current Market Cap. in cash, this disconnect with reality (our current share price) is really very hard to fathom.

They are clearly not going to pontificate about the details of the Phase Two Ariana until the Deal is concluded. You can understand why. That wouldn't be professional but I'm sure they are champing at the bit to do so.
So once it is done, we can expect, in my opinion, a market awakening. Panmure Gordon Brokers Note, Yellow Jersey PR communication, Board communications etc. For now we are all patiently waiting for Pandora's box to be opened. Once it is it will be like a pandemic - whoosh as the real news has been constrained on for so long. Those who understand the true value are going to do very nicely over the next few months imo.

[plasybryn] 12/2/2021 15:41

Spot on Paul post 3673. I totally concur with that sentiment.

[plasybryn] 12/2/2021 15:40

Kerim lives in the UK and went to Australia last March to visit his relatives over there. He got stuck and as you can imagine it hasn't been easy for him and his family sorting out the best education needs etc. Beril is his sister and also lives in the UK. She has her own business, but does some part time work for the Co I believe, like organising compilation of the AR & A, RNS emails etc. She usually attends the AGM's when we are allowed out!! I agree that communication can be improved (which Co. is perfect?) and I firmly believe it is their intention to really get to grips with this once the current priority task - the Deal conclusion - is sorted. Having said that, you will no doubt agree they responded very quickly to the request of posters here on ADVFN, seeking clarification on the Buy-back. You will recall I spoke to Yellow Jersey mid week and by Friday we had the Q & A's on their Web Site. If they tell you in writing and then you say you don't believe it, I'm not sure what else they can do.

"The potential buy-back of the Company’s shares is primarily focussed on the occasional purchase of employee shares to assist them with what would have been an otherwise difficult process of realising their shares received via the Company’s incentive scheme. It is not intended for the wholesale purchase of the Company’s shares via market purchase or the purchase of director’s share options."

[trommel1] 12/2/2021 15:26

Tahnksaillion - I don't believe the poor Turkish employee bonus thing. We have had the same resolution at AGM's before without any mention of bonuses. Remember the 'share buy back' in January 2019 - did they mention bonuses then?

[paul280i] 12/2/2021 15:25

trommel1, just to get this straight, because you are unhappy with the communications from the Directors you are trying to stop the ordinary employees of the Company in Turkey getting justly rewarded for the hard work and effort they have put in to make the Company the success it has become and the profit they must have made you.

[trommel1] 12/2/2021 15:22

Plasybryn - I am in favour of the JV and the special dividend. Kerim lived in Australia for many years so we cannot use today's poor communication on that. There are a number of points that have concerned me. They seem to have loss touch with shareholders needs - no communication when we really need it, stupid 5 minute interviews, the T shirt competition, slow response to Q&A on investor meetings etc etc. Where does Beril fit into this?The best interview was with Tom W of Shareprophets - we need another one of those

[plasybryn] 12/2/2021 15:20

No - that is great Lottsgold. Reminds everyone that we are increasingly going to be a copper play and just at the right time. Thanks.

[lottsgold] 12/2/2021 15:19

Plas Ive added a Copper chart, its a good point, bit slap dash for now but the best I can do.

[plasybryn] 12/2/2021 15:10

I guess that means you are holding over 10m shares trommel1 and are a long term, loyal investor. I think we do need to give them a bit space to conclude the deal which is of course very close, but the reality is that it has been a pretty onerous process to manage based on different languages, different locations, different timezones, and involving so many departments (Government, tax, licences, competition, corporate, accountancy, legal ...you name it). And then on top of that a pandemic. As I've said previously, I think the Ariana senior corporate team is too small and with Kerim stuck in Australia, it must have been a nightmare to manage. I doubt we will ever know what he has been through to pull this off. Once the ship is docked, and all is secure, the captain will be able to turn his attention to communicating Phase Two of Ariana's history. If they don't, that will be the time, in my opinion, to express dissatisfaction. For now I want him to get the ship tethered followed by the unequivocal announcement that the Deal is done, the funds in our bank account and details of the special pay-out is ready to be announced. If that means a few other matters slip for now, so be it. Let's get this General Meeting out of the way, giving them the means to reward employees if appropriate. Surely we don't begrudge them that Executive flexibility.