Ariana Resources Share Discussion Threads

[8rad] 09/6/2021 20:21

The greatest problem with Kerim is that he often talks in defensive riddles leaving us always guessing as to what he really means.Soul it is possible that even PG do not understand his stratergy as his superficiality with regard to detail always pervays each interview. Possibly of even more importance is his reluctance to leave Perth.... surely his and our best interests would be better served with him getting his butt out of there asap.

[mcmather] 09/6/2021 20:14

My first tranche here was in 2009 – poss 2008 – but I sold the largest part of my holding above 6p, and retained a much smaller amount; lucky with the timing but I just had a feeling it would stay around that level for a bit before the next move.

I was mainly happy to take a profit owing to my not trusting MdV, and also having lingering concerns re KS following a historic placing where AAU acquired a dataset; not 100% (cost $1m following a $2m+ placing??) but it was for Western Turkey. The dataset served the then shareholders no benefit whatsoever and, indeed, meant that additional monies (dilution) would be forthcoming in the not too distant.

However, after that – and, again, not 100% with the recollection – I remember KS writing, and getting published, extensive pieces on geology, etc, in the area, raising his profile somewhat in the process. I was left with the impression – rightly or wrongly – that the dataset had been acquired more for KS’ benefit than that of the shareholders. So a lack of trust on my part, hence, my sale and a back seat here since.

Re the court hearing; I was only able to find a ‘web cache’ result of today’s court hearing, which was updated shortly before 3pm but which did not include any additional commentary. No filings have yet to be made on the Companies House entry for Ariana Resources Plc (name on the court hearing) though the wheels tend to turn slowly there in any event.

[paul280i] 09/6/2021 19:57

Plas, it could be that the second hearing is when the judge gives his decision.

[soulsauce] 09/6/2021 19:56

Agree Charles it's either one or the other.
Given the answers to bigglesbingham's concerns that he has raised on many occasions, I know where I point the finger.

[charles clore] 09/6/2021 19:49

That is, unless PG are totally inept. In either case they should go imho

[charles clore] 09/6/2021 19:46

Soul - I think you have hit the nail on the head. It appears to me that Kerim has given strict instructions to PG NOT to promote the company or its many valuable assets. That is the only logical explanation and I'm àfraid it stinks of a lifestyle, not a shareholder, type of setup.

[plasybryn] 09/6/2021 18:37

What the outcome of the Court case? Anyone know?

[soulsauce] 09/6/2021 17:32

If that's how he wants to continue running the company, it will remain undervalued and shareholders will continue to do a Dobie Gray and drift away.

[soulsauce] 09/6/2021 17:25

Bigglesbingham thanks for your posts especially regarding Panure excuse for a broker Gordon.
They may understand the company but what does that even mean? I would think it very strange if they didn't, especially their mining guru.
I think most of us on here know and understand the company. What an unusual argument for Kerim to use.
At the end of the day the results from PG have been awful. They have achieved nothing and back us even less.
Somerville spends more time promoting AAU than PG ever have.
I take my hat off to you but if I had been you, one of the largest shareholders, having made my feelings known to the company and have them ignored when they are so valid would made me have reduced my holding.
There are plenty of other investments that have done very well in the mining space while this has suffered due to lack of communication, lack of broker notes and numerous other things we have mentioned of late.

I can only suggest that PG understanding the company means they understand how Kerim likes to work. Under promising and holding your light under a bushel but that has never helped shareholders in the past and never will.

[tnt99] 09/6/2021 16:54

Don't understand why this share is so undervalued why it has its market cap in the bank does all the gold hold no value???!!!

[konil] 09/6/2021 16:43

temujiin, fair points and i do agree with that.

[bigglesbingham] 09/6/2021 16:38

The point of JV was the synergy between the two/three companies. The thought that ozaltin will be left to own devices will not be the case.

[temujiin] 09/6/2021 16:32

Konil, I have no doubt that AAU and Proccea are helping Ozaltin, and that Ozaltin are more than happy to seek their knowledge and experience.

I suspect the issue is more that Ozaltin are now the majority shareholder and as such want to be in control but don't have the experience to make the big decisions in the nimble way that AAU/Pro would have. It's a huge Corporate compared to the old JV, and Corporates do like to have their processes and meeting after meeting etc. Hence the apparent lack of anything happening at Sal/Tas.

The action once decided most likely wont be a problem, it's getting to a decision on action that's the problem.

[konil] 09/6/2021 16:21

temujiin, if ozaltin need guidance then aau and proccea have a wealth of knowledge and experience so ozaltin don't have far to go to get it. it would be surprising if they were left on their own to progress their parts and that would not be making the most of the jv. having made an outstanding success of kizil i'm inclined to think aau (and proccea) have more nous than to just leave ozaltin to flounder in unfamiliar territory.

of course as well as ozaltin's local clout as a contractor, having an indigenous majority owner in a regime like turkey is a huge plus and probably a wise move by aau/proccea.

as regards the relatively small new investment in europe, i'd rather they went cautiously like that instead of spraying around the jv millions, something which other managements tend to do with a big cash input, hope aau do not do that. and of course results which feed to the share price from such early stage mining projects will take considerable time.

but there are relatively nearer term projects (tavsan/salinbas) which will have big share price impact and complaints about lack of news on those and general level of communication entirely justified imo.
in the time i have been invested here (a year and a bit) i have noticed a marked difference in the information coming from the company compared to the historical rns's i used for my research pre-investment.
so the dissenting voices are not dissatisfaction with the jv (the jury on jv will be out for at least a year or two, these things take a lot of time to bed in) but are aimed at the poor communication.

[bigglesbingham] 09/6/2021 16:11

Thanks for your kind words. Around 5/6 years ago I did suggest myself for such a roll which was politely declined. However I am a partner in a Discretionary Management co and IFA and so busy with with that I wouldn't have time nowadays. I respect the way the company is being managed albeit I'd like more regular updates which I'm sure will come. Kerim is very strong willed which you need from someone at the helm. They know me views with regard to communication, marketing ie we need much more. They also know my views in respect of Panmure Gordon being given too much slack without results. We all know the story here and I'm dam sure I'd have sold that story to more than one institution over the years resulting in investment. But KS feels they understand the company, which they may well do, but you Judge on results and no major institutional investors says to me they are not the broker for AAU.

[bigglesbingham] 09/6/2021 15:54

Let's compromise at a shrewd buyer at these prices

[parvo] 09/6/2021 14:12

I bought 600K shares this morning; not sure what is considered a large buy.

[thanksamillion] 09/6/2021 13:10

We seem to have a large buyer today and yesterday

[shortarm] 09/6/2021 12:38

Kerim stated in the interview that we would own 50% of Venus before the end of this year if I'm correct.....

Based on the below as well as the first JORC resource in many years Venus should start to have a VERY significant impact on the share price!
Venus has built a comprehensive
geoscience database across the island
representing more than €100m of activity,
providing an unrivalled knowledge base.

[shortarm] 09/6/2021 12:34

Any news on today's court case regarding ability to set out the future dividend plans?

[mcmather] 09/6/2021 12:29

A 'bit' late… but that RNS from 29 April 2021 is outstanding. The potential for an extra year of life from a vein (Arzu Far North) that was not previously part of the resource and one located furthest away from the highest grade Arzu South, is pretty darn decent. The same RNS also effectively confirming that the main Arzu North and Derya veins ARE connected to Arzu South. Outstanding stuff.

#5188

[plasybryn] 09/6/2021 10:38

Technically under Corporate Governance a Chairman and Non Executive Director's should own no shares. The logic being that owning shares affects their impartiality role. As to being spoon fed , over 5 months without news on two of the most strategic projects when plenty should be underway, especially if we are going to open a new mine later this year is essential to me if we are drive value

[carcosa] 09/6/2021 09:27

Why do some shareholders feel the need for day by day operational news?

Shareholder related news is centred around changes in the business which affects, or potentially affects, the financial state of the company, a development that may lead to a substantial share price movement. These don't come around every 5 minutes.

If you want to know more than has been released by the company then a bit of DYOR would be in order. It is very rare I find such information being posted here. With the wealth of data available on the web I'm confident a lot more can be obtained with a bit of effort. Also avoids being spoon fed by the company.

[temujiin] 09/6/2021 08:57

This is true Paul, but I think the benefits of having 'one of us' so to speak, on the inside, would mean communications would likely be much better anyway so we would gain more than lose.

[paul280i] 09/6/2021 08:47

The only problem with Biggles being a NED, which I'm sure he would be excellent at, is that it would probably limit what he could post on here. It would be a shame to loose his views and knowledge.