Ariana Resources Share Discussion Threads

[plasybryn] 22/2/2023 07:34

It seems a great opportunity missed to me. Why not spell it out what the aim is and what this means potentially for the Co. Something like - our aim is to extend the life of mine at Kiziltepe and this latest work suggests we can. This means with Tavsan our second mine up and running later this year, we could have 2 mines in production for X years to come. Potentially these 2 mines will produce over 50,000 ozs of gold a year and X ozs of Silver, of which 23.5% is attributable to Ariana.

[shortarm] 22/2/2023 07:24

Kiziltepe just keeps on giving!

[xow98] 22/2/2023 07:22

Thanks Biggles. Can we get a breakdown of what happened to the $37,5m proceed? Circa 50% of net proceeds were to be distributed. Dividend was circa $10m which meant there were circa 17.5m of costs (inclusive of original acquisition costs) related to the deal. What is the remaining balance of the funds?

Thanks

[charles clore] 21/2/2023 19:59

Thank you biggles

[bigglesbingham] 21/2/2023 19:38

Exactly what I said but a little more directly .

[soulsauce] 21/2/2023 17:22

Exactly that Charles.
They kept quiet so long on Salinbas leaving shareholders to make their own minds up for the reason for the 13month wait for assays causing unnecessary angst. Turned out all it wanted was a simple explanation which could have been given much sooner imo.

[charles clore] 21/2/2023 16:53

Biggles - I think the main object of the exercise must be to encourage the directors to understand that shareholders matter. It's OK to keep us in the dark on certain matters like takeovers and acquisitions in the negotiating stages, but we are an important cog in the wheel. Without our support, the company wouldn't be where it is today, and imho Kerim shouldn't forget that. So involve us a bit more where possible please.

[kaos3] 21/2/2023 16:03

thinking about your effort - it will be very important in what channel form the answers will come back

hence it is important in what formal form the questions will be asked

but I have no clue ... just a thought on importance of the channel used for asking ...

im experience the weakest links are non executives ... they are mostly very soft creatures ... when we were doing it ... when they start thinking about questions and their role in life .. they start acting

[bigglesbingham] 21/2/2023 15:07

Yep got them

[shortarm] 21/2/2023 12:14

Ben? I expect Ben is happy - but no one else!

[plasybryn] 21/2/2023 12:10

I am totally with you on that post Soulsauce. I also want to know if they have judged their decision to sell off (give) our assets to Ozaltin a success. Presumably they had expectations - have those been fulfilled and if not why not. I will have many others if course, but for now thank you Biggles as a major loyal shareholder for starting to make waves. We need a tsunami or something rather big up someones backside.

[soulsauce] 21/2/2023 12:07

Well done fella!!

Ps show me someone that is happy at Kav 🤔

[shortarm] 21/2/2023 11:58

You may have noticed I also asked some questions about Silvova and Apliki, I just didn't wrap them in a thorough slagging of all things AAU!

[shortarm] 21/2/2023 11:57

Absolutely fair play to BB. I am glad you are happy somewhere fella!

[soulsauce] 21/2/2023 11:51

Pow, Bres, Est, Afp, Glr to some extent. Is that enough?
Maybe it escaped your notice Shortarm but bigglesbingham asked for questions. You can happily bury your head in the sand if you wish but do you really think the status quo is acceptable here.
Fair play to bigglesbingham for trying to do something about it.

[shortarm] 21/2/2023 11:46

Soul, you are very unhappy here and at PALM and at KAV, is there a board where you are happy and full of the joys of spring? I'd like to read that board!

[soulsauce] 21/2/2023 11:39

The main questions won't differ much from those raised at the last Q&A and the one before it.
Why don't the BoD adequately promote this company?
Why do we persist with a broker that does the same?
Why is BoD not strengthened and Chairman position refreshed?
Why aren't shareholders appraised adequately of attainable goals?
Why have you distanced yourself from shareholders and put up barriers where most companies try to engage with shareholders?
And lots more. All the questions raised at the Agm last year that was shut down without fully answering.

[bigglesbingham] 21/2/2023 11:26

Taken that on board

[bigglesbingham] 21/2/2023 11:25

They aren't

[bigglesbingham] 21/2/2023 11:25

Yes I agree. All I'm saying is I want us all to think of questions. They will be collated and I want them answering.

[paul280i] 21/2/2023 11:25

I think those 250k trades may be sells.

[paul280i] 21/2/2023 11:23

BB, thanks for you time in trying to get our concerns answered. As I have said before, I am not overly concerned with the progress the Company is making, having been in this share for around 12 years and met Kerim on several occasions I have faith that all is going well and eventally we will reap the rewards of our investments.
My concern is the start date for regular dividends, being a pensioner on fixed income from my private pensions and the increased cost of living, I need to supplement those with dividends from my investments and Arians being one of my larger holdings it is becomming more important. My worry is that profit from the two mines will be used to build a third at Salinbas or for other investments and not returned to us shareholders
As you have said before, I could sell a few AAU shares to raise funds but at today's undervalued price that would be madness.

[different world] 21/2/2023 11:16

Somebody seems keen to be buying in 250,000 tranches this morning.

[konil] 21/2/2023 10:21

bb, your post 16236. my only question would be about apliki, is it completely dead to venus/aau, or will it be resurrected and if so when?
tia.

[shortarm] 21/2/2023 10:17

Market Cap is now about equal to the cash in the bank plus one years profit when Tavsan comes online!