Ariana Resources Share Discussion Threads

[actonovator] 12/8/2021 11:48

Kaos, this has been done to death already, but the bald facts are that at the time of the Ozaltin offer Ariana's market value was circa £20m - The Ozaltin offer valued Ariana's Turkish ops alone at circa £50m. Hardly shameless.

[thanksamillion] 12/8/2021 11:42

kaos3
I seem to recall that Ozaltin has completed building of road from Salinbas to nearby village. Difficult to know how much effort this entailed, but it does indicate that they are actively progressing things. I expect management are holding back a little on reporting such matters until the AGM next week.

[kaos3] 12/8/2021 11:08

how about business conflict of our first JV partner with the second one - none ?

you are naive if you think so imho

[kaos3] 12/8/2021 10:57

not one word on Ozaltin projects contribution since JV was announced or am I wrong ?

a thought for all the supporters of the JV. They knew JV will be signed one day and did NOTHING. In oil they sign "cooperation agreement", start working together ASAP full speed and make use of an effective and legal JV deal date.

here they were doing nothing together until signed - for years - how about such full trust marriage?

for 2 years Oz did f... all - that I know of - not even some sound construction business to make some profit for them selfs - to get to know each other names, locations, emails etc ....

shameless

and hence my claim of a forced marriage

[soulsauce] 12/8/2021 10:52

Maybe so Charles but it was already way behind prior to covid. One of the reasons for removing the Gantt charts I think was the lack of progress at Tavsan.

[thanksamillion] 12/8/2021 10:51

I believe Kerim was in Cyprus last week.

[kaos3] 12/8/2021 10:51

I lived in an authoritarian state - you take an offer you can not refuse and you keep your mouth shut for the benefit of your family - which constantly bemoans your sudden actions.

or you go slowly abroad and take your beloved ones with you one by one

[charles clore] 12/8/2021 10:46

Soul - with Kerim out of the country and the pandemic it is little wonder Tavsan has been delayed. Oh, and the EIA report might help as well.

[plasybryn] 12/8/2021 10:42

Sandstorm, who are waiting for their EIA on Hot Maden (also delayed) have suggested recently that the Turkish Authorities are starting to process permits again after Covid delays, so hopefully the Tavsan one won't be far away. But as soulsauce says, the way Sandstorm have described those issues openly to their shareholders compared to the communication and non explanations we get, is chalk & cheese. The dividend is another blatant example. Why haven't they stated the actual dates? Is their a reason or do they seem to think shareholders aren't interested? Having changed the payment terms dramatically without a proper explanation and now refusing to confirm the dates, is very strange behaviour imo, especially when the end of Q3 isn't that far away. Come on Ariana, start opening up on the communication.

[soulsauce] 12/8/2021 10:14

Thanks 1candc good to have you back.

I think the delay at Tavsan, for me, has been every bit as disappointing as the divvy debacle. We should have been much further forward with that project.

[konil] 12/8/2021 10:13

actonovator, let's hope you are correct. market seems in no mood though.

[shortarm] 12/8/2021 10:06

Tavshan news would be great!I don't think Ozaltin would buy AAU out as they need the excellent geo team to find the many millions of ounces already modelled at Salinbas

[1candc] 12/8/2021 10:04

Good post Soul, I have dipped back in recently, 8% divi coming up plus more resource at Arzu, Cyprus etc etc...I couldn't resist

[actonovator] 12/8/2021 10:03

Au contraire, events which could trigger a decent jump - concrete Tavsan news, exceptional Cu drill results from Cyprus, exciting new project from the £12-15m cash which presumably still remains after dividend payments, generous buyout of the remaining stake by Ozaltin....maybe others - but these are all reasonable

[konil] 12/8/2021 10:03

kirbs, have to agree with that.

i came into pm miners (last year) because i felt the time was ripe for pm prices to have a run and wanted the 3 to 5 times gearing from pm miners, so in that regard i cannot expect aau to perform whilst pm prices tread water.

longer term aau seem to have one of the best prospects in the junior space made more attractive with lower than normal risk from being cash rich.

however in the timeframe that i have been here most of the seemingly short term business catalysts have turned out to be either delayed or of no interest to the market so the share price stagnates or drifts down. (had i come in at the 2020 low c.2p my experience here would have been significantly different!)

so near term i still look to rising pm prices to provide the gains here.

[soulsauce] 12/8/2021 09:55

That may be so Kirbs but the sum of the parts here are way undervalued which has to be an attraction in itself.
The divvy, although disappointing, still works out to about 8% before 30th Sept.
The improved plant at RR should now be cranking up with the large stockpile already there to feed it.
Results from Cyprus should be feeding through, but you could argue there is very little in the share price for the current resource, let alone what may be added from this drilling round.
What is still missing the most is someone to sell the company much better than they do beyond an explanatory interview after each news release with some very nice and easy questions.

[kirbs4] 12/8/2021 09:34

I think it's clear an awful lot of people were here because of the divi, and now that's been reduced to a multi year installment plan they are jumping ship. Ultimately, as Temujin will no doubt agree, all these drill results won't carry the same weight that they used to because we only own a portion of the profit from them. So with that and the divi less attractive you have to ask what is attractive to shareholders, and I think the answer is simply long term potential from larger projects/assets alongside Ozaltin. Forget immediate jumps here, if that's what you're after look elsewhere, this is a lock in and forget about share now.

[kaos3] 12/8/2021 09:13

I eat them raw directly - grown on the wood ashes - full of taste and needed minerals. no taxing and postponing - for them to rot - while I day dream

[jaf1948] 12/8/2021 09:10

At least you can do something with carrots.

[kaos3] 12/8/2021 09:07

what I am describing is AIMin general as I see it. Like oil drilling. People concentrate on the getting reserves and starting production. But that is worth NOTHING without - export pipe line, a buyer at the fair price, management willing to share cash with shareholders etc - to make it short. I just do not understand why debate finishes at the drilling and the rest of the debate is "best avoided" and taken as deramping or being plain psycho.

[thanksamillion] 12/8/2021 09:04

Like Ariana, my carrots are just emerging, but I know they will crop well in time.

[kaos3] 12/8/2021 08:56

I hope I did not stirr too much so I ll continue when I am at it. I would like for AAU to set certain self imposed rules and KPI.

I would like them to set

EBITDA/debt
free cash flow "distribution" guideline (divi, production, expansion)
reporting standard (frequency and min standard)
hedging and storing produce for later sell
JV contract bullet points disclosures (full governance and financials (were reported to a degree))
risks management policies to mitigate risks from geo positioning like taxes, capital export restrictions, forced sell at the state currency and price

etc....

go and tender your carrots and stop dreaming kaos lol

[bigglesbingham] 11/8/2021 17:50

Sentiment is a funny thing sometimes rational thought goes out of window.

[kaos3] 11/8/2021 17:17

it is all coming at the same time - share weakness, divi, Ozaltin impact (at least it is time to be so in the next few months), double capacity of processing ....

so I buy

but remain sceptical in the long term !!

I am glad drilling info was passed up the pyramid structure. I fully expect that JV news will start being reported not as they happen but first in Qs, then HY intervals etc ....

just wait lol

but do not take me serious - as I am just a poor gardener