Ariana Resources Share Discussion Threads

[bigglesbingham] 18/7/2021 16:07

I hold 37.75m but been adding since I sold for my tax bill you may be right

[renniks2016] 18/7/2021 14:26

That's very true, but was it enough to pay the special dividend without the need to materialise profit from others? Only time will tell. Either way the selling will stop at some point or just be over taken by the demand to buy, which I must admit has not that strong recently, but suits me, long term going in one direction with a few ups and downs on the way, short term could easily explode north very quickly. Imho

[charles clore] 18/7/2021 13:10

We are back to square one then. So who the fxxx is selling?

[thanksamillion] 18/7/2021 13:06

Looking forward to next week, could be the start of something good and divis.

[masterg1] 18/7/2021 13:01

AAU lists JIM nominees holding 7.23% at 30/06/21. Looks like very similar to your figures Renniks - 7.05% at 01/02/21.
I have had a quick look at the RNS for Jarvis Capital Reduction and special dividend and taken the following from it:
"The capital reduction from the court has enabled the company to release accumulated reserves that were not previously legally distributable. An element of these distributable reserves is from the profit on the sale of shares held in treasury. This gain was previously not recognised in the financial statements as treasury shares are not marked to market price."
Jarvis has in effect sold some of its own shares which were held in treasury to realise profits.

[soulsauce] 18/7/2021 12:35

Surely the Jarvis Securities is the cumulative total of PI holdings with them. I wasn't aware we had any big holdings outside the one's already mentioned that might be selling.

[charles clore] 18/7/2021 12:12

But surely Jarvis would have to declare such an enormous cumulative sell. Would it be every 1%?

[renniks2016] 18/7/2021 11:11

Morning, Last reported holding date- 01-02-21 they held 7.05% (76,499,916) See how accurate that is against your listed holding of 32,003,422 (no data available regarding date)

[auphilman] 18/7/2021 10:34

Inflation , a real wealth killer, I am sure most on here remember the 70s. We have a few generations now who have never experienced it and don't understand its danger.

I still dont believe anyone knows the possible bad effects of QE let alone the spending on this pandemic. To hold some real gold makes mores sense now than it ever has.

[bigglesbingham] 18/7/2021 10:00

How many did they hold?

[millwallfan] 16/7/2021 16:48

I only hold a paltry 100k but need .9p = £900 to pay for my new Callaway apex golf irons please ASAP 😂

[renniks2016] 16/7/2021 14:28

Biggles-With regards to your long term seller, I also have the same theory, but I'll go one step further and suggest it is Jarvis Securities, my reason being their announcement of a special dividend themselves, I believe they are materialising profits to enable payment of this and we happen to be one of their major holdings. Just a thought! Jarvis Securities plc Share Premium Cancellation & Dividend DeclarationSource: UK Regulatory (RNS & others)TIDMJIMRNS Number : 5117FJarvis Securities plc16 July 202116 July 2021Jarvis Securities plc("Jarvis" or "the Company")Cancellation of Share Premium and Dividend DeclarationThe Company confirms that Court order has now been registered with the Registrar of Companies. As such, the Capital Reduction will be effective from Monday 19 July 2021.

[bigglesbingham] 16/7/2021 13:51

My guess has always been 1p and I based that on tax charges at 22%. Shareprophets must base their 0.7 figure on 45% tax charges. I'd rather trust my own calcs.

[renniks2016] 16/7/2021 12:52

Totally agreed, the amount of the special dividend is in black and white, being half of sale proceeds after fees and taxes. Not sure I've read anywhere that it includes any of other distributable income, if so that would be a bonus.

[plasybryn] 16/7/2021 12:41

That is another great post masterg. It is wonderful to have someone who so clearly understands these things. They are complicated. Don't come across them that often. Can I be nosy and ask your background. Don't worry if you'd rather not comment. I will understand. But thanks again for your insight & help.

[masterg1] 16/7/2021 11:54

Renniks - In addition to the Cancellation of Deferred Shares the share premium account is also cancelled. This stood at approximately £12m at 31/12/20. The deficit on the P&L stood just under £10m at 31/12/20. This equates to about £7m plus distributable reserves based on 31/12/20 figures. The circular of 08/02/21 mentions a figure of distributable reserves of £7.48m based on 30/09/20 figures after capital reduction. It is based on this figure that some have mentioned 0.7p dividend per share. The special dividend is not based on this figure, but on half the sale proceeds less expenses and taxes. This has been stated by the company somewhere or other. In my opinion only a more realistic dividend figure is around 1p per share. The information is out there, please do your own calculations and make your own judgement.

[kaos3] 16/7/2021 05:35

Soul - I attend IMC webinars a lot - and ask a lot of simple questions (as English is not my forte, Co business specifics are not my forte...)

only 3-5 % of Qs get answered. irrelevant ones.

CEOs get prepared Qs to fill the time after the presentations are done. Only few Qs posted online get answered - general ones.

[charles clore] 15/7/2021 22:50

That's roughly 1p a share

[renniks2016] 15/7/2021 22:14

Court documents available to view on companies house.Cancellation of 554,949,474 deferred shares @.009 equates to 5m Not long now Brad. ;)

[8rad] 15/7/2021 20:06

Meant to say Diva!

[soulsauce] 15/7/2021 19:58

Lol 8rad I was thinking where's the fxxxking broker notes 😄

[8rad] 15/7/2021 19:37

Like whens the Fxxxking divi Soul?

[soulsauce] 15/7/2021 16:56

Let's hope they answer the more difficult questions too.

[plasybryn] 15/7/2021 16:41

The Company also announces that Dr. Kerim Sener, Managing Director, and Michael de Villiers, Chairman, will provide an investor webinar on Tuesday, 20 July 2021 at 10:00 am.

The webinar is open to all existing and potential investors and will consist of a brief update on the final results followed by Q&A session, held on the Investor Meet Company platform.

Investors can sign up to Investor Meet Company for free and then click "Add to meet" Ariana Resources via the following link to join the webinar:

hxxps://www.investormeetcompany.com/ariana-resources-plc/register-investor .

Investors who have already registered and clicked "Add to meet" Ariana Resources, will be automatically invited.

-- Investors are encouraged to submit questions pre-event via the Investor Meet Company Platform, once registered.

-- Questions can be submitted pre-event via the "Ask a Question" function located on your Investor Meet Company dashboard, in addition questions can be submitted during the live event.

[paul280i] 15/7/2021 16:30

I saw somewhere that it is 1 hour on Tuesday, but that will be the total time.