Ariana Resources Share Discussion Threads

[paul280i] 18/3/2022 10:49

To me, no news is good news. We have a good dividend in a few days then another in 6 months and after that....... a regular divi?
If there were any major problems I'm sure we would be told quickly. I just assume all is going to plan and I'm quite confident that some day this will reach the share price it should have.
I'm happy to hold for the dividend and confident that it will continue. Where else could I get 9%?

[shortarm] 18/3/2022 10:10

Maybe the JV money still in the company is earmarked for the Venus IPO to give us a controlling interest of a new copper mine?

[xow98] 18/3/2022 10:02

Nigel Somerville:

Ariana – Kiziltepe Gold Production Guidance Issued: BUY
AIM-listed Gold producer in Turkey has updated the market this morning with regard to the amount of shiny yellow metal we can expect it, along with its JV colleagues, to produce at the Kiziltepe plant this year. The figure, 25,000 oz, is bang in line with what I was expecting given that the company had already indicated at much a few weeks ago, but it is nice to have the confirmation all the same.

[soulsauce] 18/3/2022 09:48

I don't think anyone wants to be negative Shortarm but the things being mentioned by a growing number of people (across 2 boards) have been going on far too long.
I am sure the BoD read these boards and bigglesbingham regularly tells them what is required but nothing changes.
I know many of us PI's are a fickle lot at times but due to failings of the past and uselessness of PG I am afraid the fickle PI is their only market.
Once they grasp that and adopt a strategy to appeal to PI's then things might start to change.

We have had good news but there is no interest. As was said on here 'they have lost the audience', and they have to find a way to win them back. Going along in the same way as they are isn't going to change anything.

[shortarm] 18/3/2022 09:32

I think the negativity can drown out the positive views - I fully agree with you!As many have said, some good news and a few blue days will cheer everyone up!

[thanksamillion] 18/3/2022 08:55

Well Guys, I hear all you say and respect your views, seems like i'm in the minority here (tho perhaps Bigglesbingham thinks similarly to what I do). I believe all these valid complaints will become less of an issue in the coming months. A while back I highlighted that the share price may be about to repeat the trend which started Oct 2018, the chart pattern is proceeding as expected... the corner has been turned and one year from now I am expecting the niggles to be swamped by the good prospects. If I am proved wrong I will be happy to admit it and will retreat back into my shell.

[plasybryn] 17/3/2022 21:07

Well that's it soulsauce. Regretfully they (ostensibly Kerim) see's us as a soft touch. Collectively we probably hold a considerable percentage and should therefore be able to make our dissatisfactions more than just known and understood. Currently you get the impression that they regard us as totally inconsequential and without clout. I see them increasingly just going through the motions, doing just enough to satisfy the Regulators. I'm heartened that we all appear to feel the same way.

[soulsauce] 17/3/2022 20:51

What Jaf says Plasybryn.

But they can only get away with it as long as we let them.

[jaf1948] 17/3/2022 20:46

Plasybryn,

I too have thought about why they don't take the company private. However, they run it like a private company already, they behave as if there are no shareholders to answer to so why go to the expense of buying out current shareholders when they can just ignore them which is a cheaper option.

[plasybryn] 17/3/2022 20:14

You are right of course re: Tavsan soulsauce, but I was meaning on a wider perspective. Private Co's no doubt would find it objectionable to have to pander to outsiders (shareholders) and as Co's only normally list to raise capital, which we no longer need to do, I guess one has to wonder if going private is now the preferred way forward. There does seem to have been a change of attitude and shareholder distancing since the inclusion of Ozaltin.

[soulsauce] 17/3/2022 19:13

I didn't used to have too much of a problem with options.
But I have been in two companies now where directors have 'cynically' sold enough options to get a large amount of extra shares for free at shareholders expense through dilution.
I will now always vote against them unless they are linked to share price or other performance.

Plasybryn I am not sure it's the Ozaltin influence as Tasvan has regularly slipped back without comment.

[plasybryn] 17/3/2022 19:05

I'm always a bit confused about material information which as I understand has to be communicated to the market. If the Co. provide guidance on the timing of an IPO or the commissioning of a new mine and those timescales slip for whatever reason, surely that is material information as it effects the value of the Co. Updates surely have to be provided to support open and transparent communication. One gets the impression that of late the Co thinks it can run rough shod over such issues. Is this the Ozaltin influence per chance.

[xow98] 17/3/2022 19:02

I would assume they can only issue options if the shareholders agree to allow them to issue shares at the next/future AGMs.

I will be voting against this option at the next AGM and suggest all shareholders follow suit. The company is sitting on significant under-utilized cash at the moment, so there is no need for a fundraising.

Should the company need to raise funds they can call a general meeting to get approval from shareholders, while explaining what the potential fundraising will be used for.

I will also be voting against any power to disapply pre-emption rights. If the company wants to issue shares at a discount I would like the opportunity to take part in said discounted issue.

Per Paul Scott at Stockopedia: I feel it is wrong for companies to routinely disapply pre-emption rights. It's a core principle of company law that existing shareholders should be allowed to protect their % shareholding in any fundraisings, with an automatic right to buy new shares pro rata to existing holdings. I think it's wrong that this principle is so routinely waived by companies.

[soulsauce] 17/3/2022 18:55

Yes rjw the days of investing on blind faith are gone. There is too much other choice.

[rjwoodrjwood] 17/3/2022 18:49

Soul, could not agree more, people do not invest (or stay invested) on blind faith alone, regular and meaningful updates are required, and its not sufficient to just stay quiet when things run beyond their declared time horizon.

[soulsauce] 17/3/2022 18:22

If Tavsan is anything to go by Charles we will be lucky to see it in production before the end of the decade.
If he doesn't change then shareholders will continue to vote with their feet.
He may not be bothered by that but he might if someone takes his toy off him for peanuts.
So yes he should be bothered about appealing to those who can raise the share price which is PIs.

[charles clore] 17/3/2022 17:53

Dixi - I hear what you're saying but don't expect any changes. Kerim doesn't need new investors because the business is now self - sufficient meaning it can run on its own steam and does not need the distraction of nosy Parker new directors. It would take a huge new project to change the bod mentality. Oh hold on a minute - when do they plan to bring Salinbas into production?

[soulsauce] 17/3/2022 16:57

Shortarm if it were a silver mine with 'some' gold we wouldn't have 25k worth.
It's all in.
But it might be an idea to clarify if you can get hold of anyone to do so.
Maybe YJ will have the answer 😄

[soulsauce] 17/3/2022 16:55

Yes that is correct konil, although the poor wording alongside silver further down the page seems to complicate the issue.
However the total has always been all in as far as I am aware and sold as gold dore.

[shortarm] 17/3/2022 16:54

It specifically states gold. Silver is treated as a by product! There is a lot of silver! It is almost a silver mine with some gold!!

[konil] 17/3/2022 16:47

shortarm, post 10418, i think the silver credits are already in the numbers so not shown separately?

[soulsauce] 17/3/2022 16:40

Spot on dixi

Alas you are right Jaf.

Zangdook lol. It seems that was a significant tipping point for the share price and sentiment from which it has never recovered.

[jaf1948] 17/3/2022 16:34

dixi,

Why would KS voluntarily give up some of his near-total control of the company for something that he clearly regards as unimportant ?

As much as many of us would like it and see the need for it, I don't think it's going to happen.