Ariana Resources Share Discussion Threads

[bigglesbingham] 11/8/2021 08:37

In times when sentiment is low not just here but all across the sector it's easy to lose sight of the bigger picture. The OZ deal affords AAU the cash springboard to develop us into a much larger company and return some cash to shareholders. Without that money the return to investors and the development would be much much longer with the money from production swallowed up in that development program. Some on here who are questioning the OZ deal are the same ones who want cash today. Without the OZ deal you'd have no cash today and projects would be years away. Simple as that really. Excellent drilling results and this will underpin a significant mine extension to help develop the projects to increase shareholder value. I personally expect another rns shortly as this seems to be how there issue now, in bursts to get share price momentum.

[jaf1948] 11/8/2021 07:22

Shortarm,

I am not negative - I am annoyed that the BoD treats its shareholders with what seems like total indifference. They know the dividend payment date is still outstanding yet not even a mention to explain why we are still waiting.

Call me old-fashioned, but it is just plain bad manners.

[temujiin] 11/8/2021 07:18

Actonvator, I agree the Ozaltin deal was generally greeted with great enthusiasm by vast majority of SH's, but it's always difficult to predict what the share price would have done if we still owned 50% and what it would be now.

[temujiin] 11/8/2021 07:14

It is possible to be negative about the direction the company took, and politely discuss the current situation, including Ozaltins performance, whilst still being positive about the remaining asset, as the drill results are showing, and hopeful about the future possibilities, without calling for people to sell up or shut up.

[actonovator] 11/8/2021 07:10

Tem, think you are way off the mark. After the Ozaltin deal was announced the AAU share price rose and continued to rise above 6p.

Quite simply, AAU has fallen with the gold price. Its a market sector thing with a little bit of dividend short-term disappointment thrown in as well.

More great results.

[shortarm] 11/8/2021 07:08

Wow you people are negative!Maybe it's time to sell up and go buy bitcoin and moan about that?

[temujiin] 11/8/2021 07:04

and on cue a reminder of the asset we used to control.

Highlights:

-- New significant intercepts within the Arzu Central area include:
o 10.8m @ 2.00g/t Au + 32.8g/t Ag

o 8.5m @ 2.16g/t Au + 57.2g/t Ag

o 2.0m @ 8.37g/t Au + 50.0g/t Ag

-- Confirmation of high-grade continuity to depth for the extensions to Arzu North and Derya into the Arzu Central area.

-- New geological modelling currently underway to define an updated Mineral Resource Estimate and Exploration Target in compliance with JORC (2012).

Dr. Kerim Sener, Managing Director, commented:

"The latest drilling results from Kiziltepe demonstrate unequivocally that the Arzu and Derya vein systems are interlinked without interruption through the Arzu Central area, which is largely obscured beneath cover rocks. We have long suspected that the vein system at Kiziltepe was not limited to the areas being mined and these results confirm that the Arzu structure itself is at least 2.5km long, with only about 50% of that strike length having been mined so far. Likewise, the Derya structure clearly represents a splay off the main NW trend of the Arzu structure, which interestingly appears to carry typically higher grades than Arzu North.

"What is immediately apparent from our latest understanding is that there is an area of not fully quantified resource potential in the area encompassing Arzu North, Derya and the Ceylan veins. We have named this important resource development area 'The Parallelogram' and this will become the focus of further resource development work, including further drilling, in the coming months. We will be working on a revised resource estimate for Kiziltepe accordingly."

[jaf1948] 11/8/2021 07:03

Wow, another RNS about drilling results. Just what we were all waiting for.

[temujiin] 11/8/2021 07:02

CC, (2) made money, but only by selling future profits, by reducing our take of profits from 50% to 23.5% going forward. It remains to be seen if Ozaltin are the great fit everyone hoped it to be. So far they haven't lived up to the billing. But as I implied, AAU being rudderless and without a controlling asset, is for me the bigger issue.

[charles clore] 11/8/2021 00:33

What we need to remember about (2) is that The Ozaltin deal was done to make money. Im Pretty sure we'll see some movement from them soon, probably in the form of Salinbas

[temujiin] 10/8/2021 22:09

The reason why many (somewhat understandably) are now disgruntled with AAU is many faceted imo.

1. The divi delay is probably the least of the issues for me, it'll happen so it's not really a big issue despite the staged payments being an annoyance.

2. Is more important, AAU are now a bit part player having flogged off half their profitable asset and control to Ozaltin, who appear on the face of things to be very pedestrian and almost a zombie owner. Certainly haven't visibly (so far) brought much to the party.

3. Is very fundamental, AAU are rudderless, they had a lot of money, but decided to give half of it away to SH's as a divi, but have now no real focus and no known plan to change this any time soon.

AAU's reduced % assets remain good and profits are ok, but until AAU can get a decent project to drive forward and be in control of the company's destiny, then the BOD will just look like well paid passengers, and that's unappealing to investors.

[plasybryn] 10/8/2021 17:15

Just spoken to Henry Wilkinson at Yellow Jersey. The AGM on 18th is to be a normal event. All are welcome. There are no restriction on numbers. Turn up with proof from your broker of your shareholding and get the chance to hear Kerim's live Zoom new presentation and the Board answer pre submitted questions and questions posed on the day. Is anyone hoping to attend?
The presentation and the Answers to Questions will be posted on the Co. website subsequently. I'm told they will not be videoing the event. With Government Covid restrictions removed it is business as normal. He could not confirm why the ex dividend date had not been announced.

[zedder] 10/8/2021 17:03

I suppose part of the issue might be where exactly is the money in the bank, ie is it in a Turkish Bank account? I vaguely remember part of the justification for splitting the special dividend into chunks was Turkish Tax Law. Is there a delay in getting the funds to wherever they need to be to then facilitate payment of the special dividend to shareholders?

[bigglesbingham] 10/8/2021 14:02

37 million dollars but your point is well made

[tnt99] 10/8/2021 13:35

So let's get this straight a company making over 6 million profit and hasProven reserves of over 1 million oz of gold still in the ground and has over 37 million in the bank has a market cap of only 47 million poundsWhere as many companies are worth up to a billion pounds never made a profit and are running through their money they borrowed from the banksThe whole world has deffo gone mad

[bigglesbingham] 10/8/2021 12:46

Ha ha certainly are but we all want to see some decent positive rns S sooner rather than later.

[thanksamillion] 10/8/2021 12:15

There are positives to a short term low price, as long as it is short term.

[bigglesbingham] 10/8/2021 11:24

So the sellers have resulted in a £44m gold producer with £25m in cash. Seen this type of negative sentiment result in these anomalies before but it is what it is.

[plasybryn] 10/8/2021 11:08

Good post. Submit your thoughts or questions to Yellow Jersey to be raised at the AGM.

[soulsauce] 10/8/2021 09:52

Can't argue with any of that xow98.

[xow98] 10/8/2021 09:51

I3E, whose capital reduction court date was the day after AAU's, paid their dividend on the 6th August. 4 days after that we still await the announcement of ex-div dates.

We need a Non-exec chairman who can better manage shareholder communications, Regulatory reporting timescales and one who will hold exec management feet to the fire.

I agree with Swindon41, post 6566 after the latest presentation: "Kerim came across as too steeped in the technical, not open enough to questioning, and hence explaining, his own strong views as facts (if you don't like it,tough) and as for Michael the Chairman, he varied from casual indifference to passive aggressive."

Not exactly what a company requires to attract new investors.

[charles clore] 10/8/2021 08:55

Kerim - the CEO of a lifestyle company bereft of any tangible PR effort because that would kind of encourage buyers wouldn't it? And that would make the company more attractive to a new breed of shareholders who might stand up and shout at AGMs and demand that the business is run differently. To prevent this, and keep us all in line, all he has to do is slowly drip feed news, put the brakes on projects and reduce any sweeteners coming back to shareholders like dividends and hey presto! Kerim can run a tight ship and do what he likes with all the money he has managed to keep out of the reach of us greedy shareholders. After all, we would probably just squander it anyway lol

[charles clore] 10/8/2021 08:37

My policy is always keep some dry powder to hand as you never know when you will need it!