Ariana Resources Share Discussion Threads

[actonovator] 10/2/2022 08:29

Just went looking at their Twitter and noticed a very overt tweet about Austrian politics. Please lets not talk about the issue itself - its been done to death elsewhere - but this strikes me very unprofessional and not a great look.

[plasybryn] 10/2/2022 08:20

They also said this in response to another question."Yes - busier than ever!"

[plasybryn] 10/2/2022 08:19

This was my question on Twitter to Ariana.Are you just hoping "value will out", as it's sad to say the Ariana chart has been looking beyond dire for sometime. The value potential of the new strategy and increasing focus on strategic metals like copper, is apparently far from appreciated, as yet, by investors.

[plasybryn] 10/2/2022 08:17

Ariana on Twitter this morning - we are not alone referring to poor share performance. We are not alone in market terms. However, we are, as always, ahead of the pack in strategic terms with a strong focus on achieving our goals.

[kaos3] 10/2/2022 07:20

what we prob all wish for from AAU - an example from JSE today - how it should be written

2022 operating and financial guidance

l 2022 production is expected to average 15,500-18,500 boe/d, a 36% increase on 2021, with the majority (c.95%) oil. The range reflects planned maintenance shutdowns at Montara, Stag and the operated Peninsular Malaysia assets during the year. It also includes reduced production from the Montara field over a three to four-week period in early 2022, due to an engine failure in the gas reinjection compressor and the necessary works to restore production to full capacity.

l The Maari field is expected to average 4,500-4,700 bbls/d (gross) in 2022 but has been excluded from production guidance pending further clarity on the timing of closing the acquisition.

l The strength in crude premiums seen in late 2021 has continued into early 2022. The most recent liftings from Stag (December 2021) and Montara (January 2022) achieved premiums of US$12.70/bbl and US$3.80/bbl respectively.

l Unit operating costs(1) are expected to average US$23.00-28.00/boe in 2022, representing an c.10% reduction on 2021 levels, primarily due to higher average production expected in the year, partially offset by the planned major three-year maintenance programmes.

l Capital expenditure guidance is set at US$90-105 million, comprising mainly the Stag infill programme, which develops two million barrels of reserves, and the first phase of the Akatara gas project, which is expected to be sanctioned during H1 2022.

o The cost of the Stag infill programme is immediately deductible under the current Australia tax incentive for qualifying investment, and is expected to reduce overall Australia corporate income tax paid in 2022.

l The Company is currently unhedged, although hedging will be contemplated in line with any debt funding arranged for the Akatara gas development.

l The Company is committed to pay a 2022 cash dividend, in keeping with the dividend policy, to maintain and grow dividends in line with underlying cashflow generation.

etc

[charles clore] 09/2/2022 23:46

Konil - I think you are being very level headed. I think perhaps Kerim had so many years with AAU at the breadline that he has forgotten how to spend the money!!

[soulsauce] 09/2/2022 19:19

Unfortunately my gripes go back a looong way konil, before your time here, but for the sake of the board I won't go over painful old ground. But safe to say it's one of the reasons there are no institutions on board.

[konil] 09/2/2022 18:52

not trying to make excuses for them, but from what i can see the company is very much in a transitory phase, having completed a game changing (for a company of this size) jv with ozaltin and having oodles of cash with most debt paid down, which in itself is a new situation for aau, and changing the modus operandi from purely explorer / producer to a multi-faceted approach. a lot to digest given the size of the management team, and now i agree with those calling for the management to be beefed up because they have the cash to do it.

and in perhaps 24 months aau will have 3 mines operational, the cyprus/venus/apliki dimension being a stunning opportunity.

granted, we know all this, and the issue we are debating is the poorly sp, but i just cant get angry with a management that has achieved the above...well maybe a little with mdv, what does he do?

the market has missed all this but when it wakes up we should see a rerate.

doesn't make the current pain any more palatable though.

its a funny old game.

[soulsauce] 09/2/2022 17:30

I wouldn't go that far konil.
I respect what they have achieved but they let themselves down all too frequently.

[konil] 09/2/2022 17:24

soul, by aim standards surely this management are angels due to what they have achieved?

[plasybryn] 09/2/2022 17:14

Go to the HB thread (Hornblower) to see his recent chart on Gold expectations.

[plasybryn] 09/2/2022 17:09

Reference Options you may recall that Nov3i and myself arranged a meeting with the Ariana Board at the Nomad's Offices in London back in 2018. As a result of this the Co. made the following statement in an RNS dated 1st Feb. 2018
Corporate Matters:

Share bonuses and options due to management (including directors) and staff as detailed in the announcement of 21 December 2017 have been finalised. Further to that announcement and to provide additional clarity, the Company confirms that presently it has no intention of issuing further options to management or staff until the current award period has expired (1 January 2023), other than in the event of exceptional circumstances.
Dr. Kerim Sener, Managing Director,

[soulsauce] 09/2/2022 16:57

You might be right Plasybryn but I don't see how they could buy in the market at a volume to make it worthwhile for them.
The time to have done that was for PG to have placed the management's options.

[plasybryn] 09/2/2022 16:52

Yes as discussed many times, I'm not sure we can blame P.G. for the lack of Institutional Support. They have obviously touted this around their very many contacts without success. But that is because the. Institutions don't want to buy in via the market at market prices. They look for a Placing where the Co. can offer them a tranche of shares at a competitive price. Ariana doesn't need cash so is unwilling to entertain such a course of action. The don't want to entertain further dilution for themselves or shareholders. So we have stale mate. But perhaps the current market price is being engineered to create a buying in price situation for Institutions. Who knows? Private investors will be the last to know for sure!!

[soulsauce] 09/2/2022 16:07

Totally agree Charles.

Konil harsh? This is Aim after all.

[charles clore] 09/2/2022 15:58

Sorry about double posting

[charles clore] 09/2/2022 15:57

Soul- in that case the exercise price of any future options should be set at least 20% above the market price at the time of granting the options.

[bo doodak] 09/2/2022 15:56

KS in one interview fairly recently did say something about wanting institutions on board at the correct point in time. If this is to happen though, a 'keen' price will be a necessary requirement, and they usually obtain this by hook, or by crook.

[charles clore] 09/2/2022 15:54

Soul - in that case the options exercise price should be set at least 20% above the market price at which they are issued.

[konil] 09/2/2022 15:52

i'm feeling the pain, along with many others in the red, but a bit harsh?

[soulsauce] 09/2/2022 15:34

It probably suits them for the share price to be retreating as they can set more options at a low level and them make out some big achievement further down the line.

[soulsauce] 09/2/2022 15:33

Charles there are only going to be PIs that buy into this and move the price.
Kerim set PG the task of getting institutions on board and they failed yet he sticks with them.
We have all said on here what is required to quell current shareholder angst but they are ignored so how do they hope to get new shareholders on board when they can't keep most long termers happy.
So what you are seeing in long termers drift away or selling down and not being replaced because those at the company are too pig headed to do something and instead of addressing the problem, one hides in Australia while the other only shows up to take his options but not at his expense.
Poor show.

[charles clore] 09/2/2022 14:30

Shortarm is correct, the company is doing well. However, we as shareholders are not doing so well. I trust that Kerim has a plan to address this imbalance because he would rightly wish to reward the loyalty of those who supported the company during the lean years. His motives and actions may not be as transparent as we would like but this can be easily remedied by using the company's broker and PR company more effectively. Surely the company can afford to do this with $20m in the bank?

[soulsauce] 09/2/2022 13:41

While ever there is no appetite to address the reasons there is no reason to think that will change anytime soon.