Ariana Resources Share Discussion Threads

[zedder] 31/3/2022 15:32

Maybe Newmont already sold their holding down (our persistent seller) and have now been able to close their short at the stroke of a pen?

[plasybryn] 31/3/2022 15:23

For me AAU is a great Co. with potentially great prospects. I hold Kerim in high regard in terms of his skills. But it increasingly stops there. Running this Co on his own with his limited Corporate experience, is to my mind selling Ariana and it's shareholders short. We've tried to communicate this message to the Board (obviously Kerim in particular) as he still misguidedly sees it as his baby. Unless he wakes up to the shortcomings the share price will languish. Can next week's Q&A again succeed in getting the message across. Regretfully I doubt it.

[soulsauce] 31/3/2022 15:20

Shortarm one might be forgiven for thinking I want some cheaper but it's the opposite. I want to drop some more off but not below 4p.
Can't help saying it as I see it though. No ramp or deramp intended.

mcmather you obviously have the same recollection as me 😉.

It is intriguing mcmather but hardly at any risk to them.

[mcmather] 31/3/2022 15:19

soul, my memory isn't improving but I have a recollection of a raise of circa $2.2m with half of that spent on acquiring a dataset. Still not sure that that dataset - for Western Turkey - has brought any benefit to AAUs shareholders at that time; they already had Kiziltepez and other prospects in w Turkey?

Whatever it was, I'm intrigued by Newmont coming aboard here; according to their website they have no present operations / projects in Europe. Just stands out a bit for me.

[soulsauce] 31/3/2022 15:17

Fair point re' the raising bigglesbingham but there is a huge degree supposition in suggesting Newmont wouldn't sell. It would be good to have it confirmed by Kerim but I still have the Langstead investment burnt in to my mind. Remember that one keeping a lid on the share price for what seemed like an age.

[shortarm] 31/3/2022 15:15

Well done lads, you have got me my next purchase cheaper - you can relax now :-)

[bigglesbingham] 31/3/2022 15:12

I'd be surprised if they can sell with a certain period of time. But why would they, I'd argue the reason it's been set up like this it to build and cement a relationship moving forward. There has to be a certain amount of trust and intention to develop. There is a lot of cynicism on this board and that comes from a cynic. The timing of previous raise linked to database purchase thus implying company lied I'm not having. Some are unhappy mainly due to not having all facts but shareholders rarely have all facts. To me the more exploration projects the more chance of hot maden. Simple really.

[soulsauce] 31/3/2022 14:54

I give up.

konil I totally get what you was saying but it seems we are ploughing a lone furrow.
Let's hope Newmont intend to hang on to those shares.

[shortarm] 31/3/2022 14:49

46 million new shares in AAU and that can't spend the money??? Free shares that Newmont can sell? AAU own most of WTR, AAU are an exploration company - they are spending the money on exploration?!??Why so keen to run down AAU? I know you're not shorting but seriously WTF?

[soulsauce] 31/3/2022 14:47

Jfreeman we actually paid a 1% net smelter royalty to Newmont which is the one now reduced to 0.23% I believe but we did suspiciously raise just beforehand.

Edit yes been and checked but it wasn't free.

I hope it is a blinder and that I am not here for the next 6mths watching Newmont slowly sell down their holding with the share price stuck.
It's only a blinder if we actually see something from the database this time.
It's certainly a blinder for Newmont.

[jfreeman4] 31/3/2022 14:44

@soulsource- You are wrong mate! Here’s the link to what the database cost AAU (nothing)

I think you need to start appreciating that actually, the deal is a blinder!

[soulsauce] 31/3/2022 14:38

I am not saying we are giving it away Shortarm but you are missing the point.
Let me put it in words you will understand.
There are now 46m+ new shares in circulation.
Will Ariana be able to spend that money on say Cyprus or Tavsan - no.
What have Ariana actually got then for $2.5m - the database for another 5yrs plus some jam tomorrow in Wtr which may be less jam depending on Newmont.
Can Newmont sell their shares and it cost them absolutely nothing - yes what is stopping them?

[soulsauce] 31/3/2022 14:10

Jfreeman I am not confusing the two.
The database was acquired years ago at quite a significant cost at the time for which money was raised. Go back and check.

And now you think we are getting it for free again lol.
The Alliance is getting the money so for the 46m shares we are issuing to Newmont which they can sell at a profit is basically covering the database.

[soulsauce] 31/3/2022 14:06

Yes Shortarm at no expense to Newmont.
My point is we have issued 46m+ new shares but that money won't be on the Ariana balance sheet as it is earmarked for the 'Alliance'.
We don't increase our holding in Wtr and if anything substantial is found Newmont can swoop in and take more of the Alliance.
But at least we still have the database 😉👍

[jfreeman4] 31/3/2022 14:02

@soulsource- I think your confusing the 2 things. The database is something AAU acquired years ago at no cost. The 46m shares issued at 4.11p for the current deal is great imho. They have bought in an institution (the world’s largest gold miner) and have issued shares at a higher price. In the current market, it’s better than issuing shares at a discount, that’s for sure!

[shortarm] 31/3/2022 13:59

Isn't that money being used to find copper mountains by a company we own 75 percent of...... Doesn't exploration work like that? You pay to drill a hole?

[soulsauce] 31/3/2022 13:52

46m+ shares at 4.11p Jf.

[jfreeman4] 31/3/2022 13:49

@soulsource - What do you mean by "we paid for it dearly" What did AAU pay?

[kaos3] 31/3/2022 13:42

Co should clarify - what we concluded - about the minority stakes strategy. It should officially clarify how it protects AAU minority stakes..... etc

Until it is done (easily done) - AAU is ON PURPOSE letting negativity to exist

as they are very well aware of it all

all imho

[soulsauce] 31/3/2022 13:41

Jfreeman They bought shares at 4.11p so anything above gives them chance to sell at a profit. Nothing is stopping them.

We have issued 46m+ new shares in exchange for $2.5m which is to be used by Wtr. So the cash is unlikely to be on the Ariana bottom line.
So the only thing Ariana are getting for the issue of 46m+ new shares is the continued access to the database which is great if we see something for it.
It's just that when we paid dearly for it in the first place, shareholders don't seem to have had any benefit from it unless someone can point me to something otherwise.

[lottsgold] 31/3/2022 13:38

This negativity is starting to put me off so imagine what it does to potential investors. I think the strategy is quite clear. We will be partnering with companies and keeping minority stakes which will pay off massively once in production. If that's not for you then I guess you should be invested somewhere else? Last comment from me for a while, need to get off the boards for a bit!

[jfreeman4] 31/3/2022 13:24

@Soulsource Why would Newmont be in a lock in when they bought the shares at a price 10% higher than on the market? Also, Its worth watching Kerim's last interview where he made it clear that the Turkish Database from Newmont was given to them in exchange for a 1% NSR, So not sure about what you mean by dilution

[soulsauce] 31/3/2022 13:15

Good luck with that Charles. Like everything else it is probably deliberately opaque but having no lock in is inexcusable.

[charles clore] 31/3/2022 13:10

The usual pundits question the value to shareholders of the Newmont deal. The company needs to quickly allay such doubts by clarification of the terms. A focused podcast by our esteemed leader would suffice, thank you KS