Ariana Resources Share Discussion Threads

[d1g3y] 05/1/2022 21:55

Hi Soul, I agree that on paper AAU would be entitled to 50 percent of the funds raised via IPO but in the same way they are also liable for 50 percent of mine start up costs.

[temujiin] 05/1/2022 21:23

AAU own 50% of Venus. Unless there is something in the buy in agreement, AAU could buy just one more share in Venus and effectively have control of Venus. I doubt they want or will do that but in theory they could.

[d1g3y] 05/1/2022 21:12

I will add it to my homework list :-)

[rjwoodrjwood] 05/1/2022 19:11

The assets are 100% Venus, AAU just have a 50% share in Venus.... That doesn't mean we can force our 'ownership' of the resources (unless we take a larger shareholding, then force an EGM.) My opinion only!!

[thanksamillion] 05/1/2022 19:07

The ipo will generate cash from newly created shares in the company, existing shareholders retain what shares they hold but the ipo will reduce the %age of the company owned in proportion to the creation of the new shares.

www.investopedia.com/terms/i/ipo.asp

ipo - Initial Public Offering, ie there may be further issues of new shares or existing shareholders may sell on their shares into the market at a later date.

" 7. Shares Issued

The company issues its shares on an IPO date. Capital from the primary issuance to shareholders is received as cash and recorded as stockholders' equity on the balance sheet. Subsequently, the balance sheet share value becomes dependent on the company’s stockholders' equity per share valuation comprehensively. "

[konil] 05/1/2022 18:35

shortarm, that presentation is venus / apliki focused, so they talk about apliki being hcm 50 / venus 50 but should it be hcm 50 / venus 25 / aau 25.

also in the rest of the presentation re. other assets they say 100% venus, but should it be venus 50 / aau 50?

[konil] 05/1/2022 18:14

shortarm, you grumpy old so and so, but yes i have slapped myself on wrist and will look at venus presentation. :)

doesn't negate my conjecturing in previous post though.

[konil] 05/1/2022 18:09

thanks for clarification d1g3y.

we were talking apples and pears.

misunderstood your earlier post but i get what you are saying and it sounds entirely plausible.

i was referring to the cash from the ipo but did not make that clear. imo that should be 50% to aau and could be a fair chunk.

in light of recent test results etc. i reckon the 'delay' could be due to the ipo being repriced or perhaps negotiations with hcm for apliki have become more complicated with aau/venus wanting to push kokkinoyia ore through the plant. bwdik.

[soulsauce] 05/1/2022 18:07

How can they sell off 70 to 80% of Venus when Ariana own 50%.
Surely they can only Ipo the 50% not owned by Ariana which will probably dilute Ariana down to about 33% as I see it.
To suggest selling 70%+ of Venus would mean Ariana giving up some of their holding to list which would surely require a payment to us.
Let us not forget we own 50% because we have put the money in to make Venus what it is now worth.

[shortarm] 05/1/2022 18:03

Full construction cost are 5 million euros!??Does no one else bother to look at the Venus presentation??

[d1g3y] 05/1/2022 17:52

I was assuming that between 70 to 80 percent of Venus would be sold via IPO to raise cash. Dependant on start up costs. The remaining 20 to 30 percent would remain with AAU & Venus owners/management. Might be well off on this one but as mentioned Panther Australia which was fully owned by Panther UK went through an IPO Panther UK kept approx 12 percent

[konil] 05/1/2022 17:27

dig3y, with a 50% stake, how do you reckon 12 to 15 percent?

i admit i do not understand the background to the venus ipo, does anyone? we have no details unless i've missed something.

this from 8 nov 2021 rns:
"Ariana has completed its earn-in to 50% of Venus Minerals, making Venus 50% UK owned and 50% Cypriot owned (Semarang Enterprises Limited)"

[d1g3y] 05/1/2022 17:19

Just using Panther as an example (might not be the best) but I was thinking we would be left with about 12 to 15 percent after IPO.

[bigglesbingham] 05/1/2022 15:15

Not a chance gold price has this effect on AAU buying I reckon a tip somewhere. Or a press mention. I do know it with be nothing to do with Panmure Gordon's marketing ha ha .

[shortarm] 05/1/2022 15:00

Volume has certainly perked up in the last half an hour!Gold price?

[bigglesbingham] 05/1/2022 14:58

I know it's exiting times ahead

[konil] 05/1/2022 13:42

still not clear to me how aau figure with the venus ipo. if aau own 50% of venus, will aau get 50% of the ipo proceeds? dont think so?

is the ipo dependant on the apliki agreement? if so, why?

would be nice to have some clarity on the whole thing.

[shortarm] 05/1/2022 13:24

Not yet anywayThe binding agreement aimed for before the end of the year but the Venus presentation says construction is targeted to begin in February - so plenty of time to get things right....

[konil] 05/1/2022 13:21

there has been no mention of the venus ipo?

[plasybryn] 05/1/2022 10:38

They would have known and agreed with the NOMAD that they had no known price sensitive information for the 4 week period and that gave them the window to trade. If something completely unknown/unexpected materialised during that period, then yes they would have to announce it. Quite often Directors are advised to make their share transactions immediately after the AGM when all the information is in the public domain. Insider trading is taken very seriously and this is why we have had no price sensitive news for 4 weeks imo.

[uknighted] 05/1/2022 10:24

Plasybryn price sensitive information should be released to the market immediately and the timing should not be governed by director share purchases.

[kaos3] 05/1/2022 08:09

shortarm - thank you for all the highlights

[shortarm] 05/1/2022 08:06

Some historic Cyprus copper grades with some noticable names!!
Bear in mind that ATYM at Rio Tinto process less than .5 percent!

[kaos3] 05/1/2022 07:54

bible and modern science and examples from pastures men and billionaires - the top bio age is 120. cool down , enjoy and take care of yourself . OPTIMISM RULES

if one thinks differently it becomes self fulfilling imho

[plasybryn] 05/1/2022 07:47

Tomorrow is 4 weeks since we had Director share purchase news so I reckon they will be through the window and we can expect RNS news now anytime soon.