Ariana Resources Share Discussion Threads

[charles clore] 26/7/2021 10:05

I think Kerim took note of one of the recent comments and got rid of the AC backdrop!

[plasybryn] 26/7/2021 09:43

Another new BRR Media interview out on Twitter this morning

[d1g3y] 26/7/2021 08:19

Morning Plas at the start of the Investor presentation Kerim mentioned it

[charles clore] 24/7/2021 20:20

Seems to be holding steady so far.

[konil] 24/7/2021 15:49

i suspect the downer from the divi news more than counters the far more longer term nature of the positive news items. i also reckon we will see more exit after 1st tranche (7%) as peeps readjust their finances. hoping some supportive items appear to counter that.

[plasybryn] 24/7/2021 13:57

Can you believe the amount of positive news flowing from Ariana Resources (AAU) this week and the share price refuses to budge. It sounds like there is still a lot of short term news to come, so surely the share price must reflect value soon

[plasybryn] 24/7/2021 13:56

Ariana Resources (AAU) keep bees at its Kiziltepe Mine site (bellwether for health of ecosystems). Honey from their hives is distributed free to local villages. Chickens & doves also bred on site. Plus flora & fauna monitored. Brilliant ?

[plasybryn] 24/7/2021 09:17

Is there any significance to the front cover of the latest Annual Report & Accounts showing the Salinbas coordinates 41 07 30 North & 41 56 30 East. Pin pointing our elephant in the room perhaps?

[lottsgold] 24/7/2021 09:03

I have a feeling we will get the full run down in the presentation mentioned. they are always in depth and give me a real sense of the future. By then they will have results from hopefully Cyprus, Kizil and maybe Tavsan. Then we will have a real idea of what's in store for the next 24 months.

[soulsauce] 24/7/2021 08:49

Probably just as well we have not started work at Salinbas yet. It seems Artvin Province has been suffering extraordinary rainfall and flooding like so many other places this year.
Lots of videos on YouTube.

[8rad] 23/7/2021 19:24

Iron Storm...you mirror my thoughts exactly.

[xow98] 23/7/2021 18:30

Plas, capital reduction legal process is complete. I believe the issue to be that we can’t move the JV disposal funds out of Turkey without losing the “significant tax benefits”.

In order to get the funds to pay the dividend ex Holdco we need to distribute non-JV profits to Holdco so that Holdco has sufficient reserves/cash to fund the dividend.

I don’t believe we have sufficient non-JV distributable reserve/cash in Zenit to fund the 0.7p div, so need to pay it over an extended period as reserves/cash grow from the JV.

[kaos3] 23/7/2021 15:01

value

value realisation

value distribution

in time

- each has different weights of imporance on the above.

[bigglesbingham] 23/7/2021 14:27

I appreciate your comment but don't agree on several of your comments , first I don't think it's a play fund it's $2m derived from part of a $35000 investment similar returns would add tremendously to value. I'm very confident in Cyprus I feel they will wrap that in a bow and offload. Salinbas is jewel in crown Mariana. No dilution . But if you are contemplating selling 3.6 m contact Panmure Gordon direct sure institution will take off your hands without dripping into market good luck

[toyin] 23/7/2021 14:12

IG interview

[ironstorm] 23/7/2021 14:10

I think part of the issue here as they are not perceived as in a rush to go anywhere.

Their newer projects are small and very early stage - so might payput in 10 years.

Therefore the key early stage driver is the JV and that seems to have gone rightwards.

I am not sure of the fund either - I think it might pay some bills but will it be a company maker? I think not at the moment. It looks like a playfund. And it will be distracting.

Is the price of keeping KS on side. Hmmm!

I have had a critical and long look since the Divi debacle - it seems the little issues keep coming out of blue.

This is a massively overweight holding for me. I get its time to move forward now. But, I don't see something which is AAUs baby coming soon. So our hands are effectvely tied to Ozaltin.

If PoG is the catalyst I cannot expect a bigger uplift here than elsewhere and maybe I should reduce my company risk. Its a difficult one - but I am overweight by 3.6m shares and need to work out where to go.

[plasybryn] 23/7/2021 13:42

Succession planning/ Keyman/ independent Non Executive Director/ Business Dev. Director: think it is a very valid question to put to the AGM on 18th August. I wonder if there are any other Corporate issues that need to be raised? I suppose share buy backs and share consolidation where covered this week. I would still like to see a proper Gantt chart and a clear statement of our Vision , goals and strategies.. Not adequately covered in the AR&A's.

[plasybryn] 23/7/2021 13:27

Totally agree re succession planning. I've been advocating for some time they need a new independent non executive director to represent shareholders and or perhaps a Director responsible for Business Development (Institutional liaison) and shareholder communication. The latest interview with Kerim by Andrew (earlier this week) had him saying as the Co had matured there was Institutional interest developing.

[thanksamillion] 23/7/2021 12:43

10p a share, that'll be around February then. ;-)

[konil] 23/7/2021 12:43

carcosa, agree but take issue with one point...

"Since AAU have just agreed to bung shareholders with a wad of cash then clearly there is nothing on the horizon for AAU to get their teeth into to warrant a cash raise."

for a company with a bod the size of aau, and essentially one man driving the agenda, there is a limit to how many things can sensibly be taken on and some would argue ks is already spread quite thin so further projects become untenable. in such a situation it is often good practice to reward shareholders where there is surplus cash reserve. (better than squandering cash on vanity projects as some companies do.)

this brings me to what i see as a big risk for aau and given that aau's attributes mitigate most other risks, imo this is currently the biggest risk, i.e. keyman risk, if ks becomes unable to execute his duties for aau the company will have an existential problem. they should be looking to augment the bod with executive personnel to reduce this risk, they have the cash for additional salary bills but the difficulty is finding the right skills together with correct personality fit with existing bod.



as regards insti placing i agree your points but just mention that if aau do a placing north of current share price then it is not dilutive.
is it likely to happen? don't know, probably not.
does it ever happen? yes.

[carcosa] 23/7/2021 12:15

This subject comes around yet again. Intuitional Interest

I just don't see any financial intuitional interest happening until the market cap is north of 100m. At current market cap values its not worth any of them getting out of bed for it.

PI's bemoaned the fact of dilution quite a while back and your company sought to stop going back to the markets as soon as practical to do so. As has been mentioned by the company if an institution wants a look in then new shares/dilution will have to happen. Since AAU have just agreed to bung shareholders with a wad of cash then clearly there is nothing on the horizon for AAU to get their teeth into to warrant a cash raise.

But this is where having close contacts with PG can pay off handsomely albeit potentially months to years away... if one of PG's existing clients wants to 'do something' then PG can facilitate with an informed, accurate and long history of knowing AAU and get them talking together.

In corporate activities AAU has punched far above their weight, successfully negotiated with Turkey/Cyprus authorities, successfully achieved a complex corporate deal with extremely large third party companies, have tremendous success in not finding a 'duster', have wheeled and dealed with land in Australia etc.,

All items that are not so easily 'seen' on a balance sheet. The 'intangibles', if you will.

AAU is the smallest mining company, I think, that PG has on their books which gives some gravitas to AAU.

AAU's share price is dictated by the daily whims of retail investors, if not hourly whims. The low share price is the result of PI investors and no one else. AAU have issued numerous RNS's presentations and still PI's are not happy. At the end of the day AAU is a tinpot mining company to the outside world and giving away a large pot of money will be seen as the company not having any ideas what to do but as things expand in Cyprus and elsewhere then hopefully things will improve and then we see what PG brings to the table... if we can wait that long!

[plasybryn] 23/7/2021 11:54

I'm not quite clear in my own mind why they didn't confirm the ex dividend, record and payment dates in the 20th July "Special Dividend" RNS. Perhaps it's because as they say it is "subject to the completion of the capital reduction process". What is it that is still to be completed for goodness sake? Can any of our legal boffins help?

[konil] 23/7/2021 11:40

given the undervaluation and strong cash position an insti placing north of current share price can happen - maybe ks has remained with pg in the hope of pulling off something like this. though perhaps a limited insti audience due to relatively low mkt cap. probably just wishful thinking on my part.

[thanksamillion] 23/7/2021 11:36

Good to be back to the "old faithful" posters, perhaps short-termers have sold up and moved on.

Came across this on another board,



Seems to ring true, but probably not in Ariana's case.

[konil] 23/7/2021 11:30

plasybryn, i hope it does but a number of good news rns's have not been able to shift it out of this range, so wonder where the catalyst for such a move will come from. aau seem to be in a hiatus as regards cash generative operational news and with the ar published and forward guidance provided the market does not seem interested let alone excited.

conversely the mishandled special divi has turned a positive into a disappointment and it will have caught out many holders and wrongfooted their financial planning, i know it has mine, so i suspect peeps will wait for first tranche - still no dates! - and perhaps more so than would have happened otherwise will decide to take some off the table, certainly the final tranche (c.3.5%) being more than a year away and dependent on even more red tape will be written off by many at least for now. in short, there may be a larger overhang post exdate.

those who have holdings that have already multibagged can/will probably assess and act differently, but i'm guessing many came in or increased significantly over the last year or so on the back of the pm bull, attracted here by aau's undervaluation and other splendid attributes but now find those holdings in an uncomfortable position.

another leg of pm bull needed.