Ariana Resources Share Discussion Threads

[shortarm] 07/7/2022 07:12

Well, that's disappointing!

[d1g3y] 06/7/2022 22:32

Can't even give it a thumbs down

[thanksamillion] 06/7/2022 20:59

We've been getting two or three a week of these scams, cant stop them so just ignore.

[plasybryn] 06/7/2022 19:23

I'm the same. Slippery character imo. I was somewhat alarmed when I saw his name pop up in these hallowed quarters. Not a good connection to have. Some say we should also think seriously about the Nomad we have. Again the City is well informed about all these individuals and organisations. Our involvement with Beaufort and that dubious lending organisation years ago, probably tainted us for years and lead to some questioning the Board's choice in some of these areas. Hopefully all that is behind us . I'm sure although PG don't appear to have done much they bring real kudos. Same with Newmont of course and perhaps Ozaltin

[d1g3y] 06/7/2022 19:11

I have no confidence in Harry having waited years for him to get a previous mine online

[bigglesbingham] 06/7/2022 16:04

Don't disagree with that and that's what I was referring to when I said time will tell.Proccea are proven, newmont and ozaltin are exceptional companies.

[soulsauce] 06/7/2022 15:55

I am not sure we are at the stage where we can confidentially say Venus 'have the ability and know how to do the grunt work'.
Before Ariana got involved in Cyprus their projects were going nowhere fast and Harry Adams hardly comes with a glowing CV to tick the ability or know how box.
Hopefully they can get the ipo away and we are able to make a better judgement from their admission document.
But at this moment in time they do not fill me with enough confidence for Kerim to leave them with it. But he knows them better than anyone else so we will keep our fingers crossed.

[bigglesbingham] 06/7/2022 15:34

I would say their business model is joining business partners who have the ability and now how to do the grunt work. I personally don't want them to get too involved rather delicate to those who are better placed. If they got too involved then that would detract from their expansion model and investing cash. Delegation to a better broker wouldn't go amiss but their delegation to business partners has been spot on from what I've seen but time will tell.

[plasybryn] 06/7/2022 12:50

This is the sort of thing a Business Development would sort out in no time. Powered by specifics that can then be addressed should be a real step forward to further engagement and investment. As always the Co is strong on exploration & geology etc. and has mining engineering partners, but it's choice of Business Development experts has been sadly lacking. Rather than just employ the likes of Yellow Jersey I'd much prefer to see a Business Development Director appointed to the Board who can work on these issues full time. There is so much to be done. 20 years to grow to £40m underscores what great potential there is here from the right skilled/qualified person with all the right City and market contacts. If anything can be raised along these lines on Thursday I think it would be interesting to see how they react.

[konil] 06/7/2022 12:40

soul, (a)getting apliki going and (b)dividend policy - i agree (a) is more important, but i say we should get both now.

[plasybryn] 06/7/2022 12:40

As a priority I would be conducting a survey of Institutional investors to ascertain how they perceive us and what if anything stands in their way to investing .It could be some or more of the following:-1. Too small - they may need a minimum Mkt Cap.2. Board too narrow in its focus and succession planning not clear3. Too much reliance on Turkey4. Lack of clarity regarding current business value (value disconnect) and future value creation.5. Lack of detail regarding project timelines6. Lack of clarity regarding life of mine expectations and future cash flow/profitability.7. Dividend strategy not articulated.8. Lack of clarity regarding use of war chest.I'm sure there will be more but comments like these from Institutions should help the Board to address issues

[soulsauce] 06/7/2022 12:32

Excellent post as always Plasybryn, even more sobering when you strip out the cash raised.
But if they don't listen to a 4% shareholders repeated requests then I don't see things changing on the things often raised on here and the investor call, including the poor performance of PG.
One can only hope. I also wish all those attending a good evening.

[actonovator] 06/7/2022 12:22

Interesting developments in Turkey

hxxps://news.metal.com/newscontent/101881567/Turkey-Discovers-694-million-mt-of-Rare-Earth-Element-Reserves-with-Infrastructure-Construction-Starting-This-Year/#.YsSw_-yrSbA.twitter

[plasybryn] 06/7/2022 12:14

Should say increase in Co. value over those 20 years

[plasybryn] 06/7/2022 12:13

I'am away so can't attend the meeting this week, but can I wish well anyone who decides to make the effort. I really hope you are provided with a great opportunity to again confront the Board regarding the pertinent issues that have been raised so many times on these threads. I remain a great supporter of Ariana and the team but to me if I was celebrating 20 years of achievement, my biggest example of success would be the increase in Co. over those 20 years. That regretfully is hardly something to gloat about! 20 years of hard graft and here we are still valued less than £40m. To me that is the biggest underperformance and one I would want to be satisfying shareholders is going to change. What is the strategy to get the Co re-rated and valued fairly? Are we going to employ a more active Broker, do we need to appoint a Bus. Dev. Director, what are we doing to bring suitable Institutions on board etc. Good luck

[soulsauce] 06/7/2022 11:47

I can't argue with you konil.
I think the importance of getting Apliki going is of greater necessity than standing up and saying we have an ongoing dividend policy. Surely one begets the other.

[shortarm] 06/7/2022 11:44

I'd really like them to get more control of the copper stuff!

[konil] 06/7/2022 11:24

soul, i'm not advocating for overall control, just more active input on fronts other than geology/technology, especially as they have the cash to do so. were it not for the cash they would probably have little room for manoeuvre or to make a difference.

[jaf1948] 06/7/2022 11:19

Konil,I totally agree with you but it is not going to happen. Ariana does not think or behave like a public company dedicated to providing returns for its shareholders - it behaves like a highly technical specialist team where profit is only a peripheral consideration.

[soulsauce] 06/7/2022 11:18

But that is how they have been setting the business up konil with the tentacles. Lots of of pieces of projects but no overall control of any of them.
I don't see that changing even if it might be the prudent thing to do.
The downside being, as has been said before, we just have to suck up the delays and be dependent on a 3rd party for our fate in a project.

All that said I totally agree with your post.

[konil] 06/7/2022 11:06

apliki project.

imo this is where company management can make the difference
either accepting things as they are i.e. poor market conditions for venus ipo
or actively working with partners to come up with solutions to overcome such obstacles.

iirc aau stated that direct involvement by aau in apliki was not going to happen, but whether that is aau's wish or the desire of the other parties, perhaps it should happen - they should get together with the other parties and discuss a way to get the apliki project moving to the benefit of all parties.

sitting on the outside as inevitably i am, its difficult to get a sense of the complications and complexities they face over multiple jurisdictions and multiple project partners, but almost every aau communication and broker interview gives me the impression aau are happy to sit back and concentrate only on their area of interest/expertise.

with a world-class geologist on board, this seems to mean that all aau efforts are on the geology and associated technology.

the financial benefits of getting apliki to production are massive for all parties and additionally so for aau who, once apliki is up and running, could possibly reach agreement to process their other ore through the plant. yet it sits stuck in the quagmire of an ipo.

so it seems perverse to be only providing input to early stage far off opportunities when they could try and contribute actively to a massive revenue generator that we are told could be on stream in 12 to 15 months from getting the green light.

especially when there is a huge cash pile sitting in the bank.

perhaps time to jump out of the box and get a world-class business head on board (expensive i know) to complement the world-class geologist. one who would fit well with the company's business ethos i.e. espousing good cash management not financial wizardry that takes on too much debt (which often sinks companies) and excellent at business development through collaborative enterprise with partners.

ks, take the leap.

[shortarm] 06/7/2022 09:54

Owning a high percentage of a producing copper miner with exploration upside sounds pretty enticing to me!

[8rad] 06/7/2022 09:48

Quite a lot I would think as much value is piled up in the tailings.