Ariana Resources Share Discussion Threads

[soulsauce] 15/2/2022 16:48

Bang on with that second paragraph Kirbs. They don't add much as a team and some don't seem to add anything apart from shares to the register to get his options for free.

As for the selling. I suppose we will never know one way or tother. All I would say is that we don't have that many large holders over and above the mgt and biggles so I am inclined to agree with the people giving up scenario.

[kirbs4] 15/2/2022 16:22

Always surprises me that people jump to the "one large seller" conclusion JAF.. its like it can't be anything else because AAU is so perfect it's the only explanation. In reality the share price has almost halved in 18 months and there's no sign of any focus from management to alleviate that issue. Why on earth wouldn't the automatic assumption be that many people are bewildered by this and giving up? The next divi installment currently sits at about 10% of what we've lost since August 2020 :). I got this one straight in my head some time ago, I don't expect anything from the management team who frankly add nothing to the share price via anything other than geology, I expect it to realise potential eventually but purely through geological means. I also fully expect a lot of people to jump ship between now and then, a lot of people invest in people not companies.

[soulsauce] 15/2/2022 16:06

Indeed thanks xow.

Kerim blank a question, never 😄
Tell us shareholders something to make things clearer, pah!! 😏

We are the mushroom shareholders. Kept in the dark and fed on @#!£e.

[kaos3] 15/2/2022 15:56

xow98 - very informative and thank you.

[xow98] 15/2/2022 15:43

Thanks Biggles.

I don't believe the £15m is all out of Turkey yet as the tax break makes early repatriation expensive, probably for 5 years per the below (I believe this is the relevant section):

"Fifty percent of gains derived from the sale of real estate property and 75 percent of gains derived from the sale of shares of a Turkish company by another Turkish company may be exempt from corporate taxation, provided the property was held for at least 2 years and the exempt gains are retained in a special reserve account for 5 years".

Capital gains are included in ordinary income and are taxed at the corporate rate of circa 20% - 22%, depending on which year it fell into.

Clearly Turkey has foreign currency reserve issues at the moment, so I assume the above helps restrict the flow of funds out of the country.

If the funds were already in the UK there would be no need to split the dividend into 3 parts. I believe the dividends are being funded out of dividends received from Zenit into Galata, those dividends arising out of trading profits, not capital gains.

This is speculation. The company could clear it all up by telling us how the UK dividend is being funded, but I recall KS blanking the question on why the dividend was split into 3 and why it was 0.7p in the Q&A. All we got was "significant tax breaks".

I am assuming the funds are being held in a USD account, so fortunately no real exchange rate risk, though expropriation remains a, hopefully small, risk.

[actonovator] 15/2/2022 12:49

I thought yesterday's price action was quite promising. There was approx 2m in sells in the morning and we pretty much touched the support line. Buyers responded with about 2.5m buys and the actual buy and sell prices ended up slightly higher on the day. There are bargain hunters in the wings. A little news would help.

[kaos3] 15/2/2022 12:28

well - my take on the share price - it is good to keep it high - as if an opportunity comes (with a dynamic management there should be many or at least some) - the management can raise more money for a value increasing add on.

Why limit one self to the present situation and present potential? That is small thinking .... I like it conservative - but today there are many chances out there and we do not even know where our cash is .....

[soulsauce] 15/2/2022 12:16

Like I have said on many occasions Jaf this is a PI held stock due to failings of the management in the past and more recently PG failing in what they were set on to do in bringing on board institutions.
This seems to continually by pass management and they do little to appeal to PIs, the only one's that are going to get the share price up.

[jaf1948] 15/2/2022 12:09

The debate about whether there is one large seller or many is not academic.

If there is a single large seller, then although the amount of shares to sell may be large, it is finite and will run out eventually. At that point, one can therefore believe that the share price may start to recover without that hindrance.

If, on the other hand, there are many sellers, it indicates that there is more widespread disillusionment with the company that makes people no longer wanting to hold these shares. Therefore, there is no predictable end in sight of the selling.

Without firm evidence either way, it is difficult to come to an accurate assessment and it is more a half-full / half-empty situation.

[soulsauce] 15/2/2022 12:09

Well if things don't change dixi the drift of investors to greener pasture will go on.
The pasture doesn't even need to be greener, just a little less frustrating, a little more exciting and not like banging your head against a brick wall and the ever unchanging vanilla way of Kerim.

[dixi] 15/2/2022 11:21

Hi Biggles, I wouldn't call it mass selling, just the push and pull of the markets. Unfortunately favouring the sell side in recent times. Just my opinion.Great to hear you've had some contact with the company. I don't expect much to change, but at least they are aware (again).

[bigglesbingham] 15/2/2022 10:34

As to strategy I'm pretty clear about it as I follow every nuance the problem is someone outside looking in has to do research and dig it out. We still have a large seller as they wait for buys then do a matched sell. This has been going on for considerable time although some here disagree and think it's mass selling. This has had the ultimate effect of reducing the share price which I've seen as buying opportunity. We have mine giving us £4-5m per annum tarsvan, salinbas Venus and dividend and over £15m in cash which I would have thought is outside turkey (derisking being one of reasons for JV therefore wouldn't make sense to keep it in turkey). Market cap £37m isn't logical if the market had all facts readily available. So hopefully this will be addressed.

[bigglesbingham] 15/2/2022 10:24

Wouldn't mind going to turkey of to Spain soon though.

[soulsauce] 15/2/2022 10:15

11 tick ups for your last post bigglesbingham, doesn't that say everything.

How did you manage to talk to them? Have you been on another site visit?

[soulsauce] 15/2/2022 10:13

Indeed Charles, it's not as if any of the main concerns are new. They have been expressed on here for far too long without any change of stance from the management.
In fact instead of addressing the communication issues, they were made worse by employing YJ and removing themselves from any contact.
They know our thoughts on PG and haven't addressed that and don't think they ever will, but at least employ a joint broker that has some interest in promoting Ariana.
And the lack of having someone on the board who is responsible for communications and promotion is something else we have all stated.
We are all on the same hymn sheet regarding more clarity of the way forward too which is far too opaque.

[bigglesbingham] 15/2/2022 07:57

To be fair I got the impression they knew the short comings probably by reading this board . The frustration is the company is in best position it's ever been in. Clarification of that to a wider audience is imperative .

[plasybryn] 15/2/2022 07:38

Well done biggles. Good you managed to get an audience. Well done. That is reassuring. But I wonder if you asked them why it was necessary tokeep asking them the blo.dy obvious?

[soulsauce] 15/2/2022 07:28

Nice one bigglesbingham.

[bigglesbingham] 15/2/2022 07:22

I have reiterated many of the concerns posted on this board direct to the company. Primarily that of communication of where we are going and where we are on that road. I believe they will take it on board and address it. Let's watch this space.

[thanksamillion] 14/2/2022 16:46

3.41 end of day price caused by UT trade mid price 3.55

[thanksamillion] 14/2/2022 16:17

Bloomberg seems to be reporting some Russian drills ending...we shall see, but I dont think they will go in.

[shortarm] 14/2/2022 15:46

The market seems to not like much of anything today.....!

[konil] 14/2/2022 15:41

as you say gold is trying for us...but not even a blip of blue...market does not like uncertainty and right now aau are giving us plenty of that.

[konil] 14/2/2022 15:38

perhaps time for an rns with overall operational update with honest detailed status on the 3 development projects. 10 pages of drill results are all well and good but market also wants to know the bigger picture in some detail.