Ariana Resources Share Discussion Threads

[soulsauce] 07/3/2023 09:40

Not at all Shortarm, but when you have an agreement and renewed it once, if that project is any good you make sure it is not wrestled from you.
To not even give comment to it today is rather odd to say the least.

[dixi] 07/3/2023 09:39

As Venus is currently a private company presumably they don't have a duty to report anything about Apliki, it's just 'happened'. Not sure how this works with AAU as an investor in Venus though? Also could there be any impact on the IPO and valuation without Apliki in the folio?

[shortarm] 07/3/2023 09:37

Indeed, some people here seem to think that there is only one point of view when an agreement between two parties is required.They post a lot too :-P

[soulsauce] 07/3/2023 09:35

Quite possibly acto' so we have potentially lost a near term project while dithering about Veuns.

[actonovator] 07/3/2023 09:33

err, maybe Hellenic had other fish to fry?

[soulsauce] 07/3/2023 09:31

Well actonovator, errrm, not have let it lapse for a start. Why didn't Ariana keep it alive and why did it not even get a mention today?

[jaynesdad] 07/3/2023 09:30

Soul, Kaos
AAU have the cash, use it. As you say we have, or at will soon have, control. I don't know what IPO rules are concerning the proportion of shares that have be in the market, or indeed how big your largest shareholder post IPO can be. But obviously an IPO will cede control again, so that AAU is once again a minority S/H.
Obviously a IPO will generate capital and increase net assets (net of the usual fees and costs paid to 'advisors'), so post IPO AAU should have a smaller piece of a bigger pie. Will we make a profit on the shares that are ceded in the IPO? I bloody well hope so or what has this been about?
I am willing to suspend my usual scepticism and hope this is part of
'slowly slowly catchee monkey' plan. Wrestle control from a financially weak partner then become AAU with attitude and dictate the development, delay IPO then capitalise when producing at Apliki. Then I will become a believer again. Will it happen?

[actonovator] 07/3/2023 09:29

Not sure why Apliki is an elephant. As I recall the option with Hellenic lapsed but negotiations continued. What else can they add until/if they come to a new agreement?

[soulsauce] 07/3/2023 09:26

LOL paul280i, how long have we had an association now? How long will it take to prove up a resource good enough to sell.

[paul280i] 07/3/2023 09:18

In the past KS had said that Venus was a short term investment which I took to mean they would prove up the deposits and sell on.

[kaos3] 07/3/2023 09:10

Heh heh - I noticed that ... and ascribed it to

a/ falling valuation ... and or different loan terms ... small print
b/ so called transaction costs

but wdik

[soulsauce] 07/3/2023 09:10

Yes indeed JD it is the one you are thinking of, Apliki. And you are right, the %age holding doesn't add up.

If Apliki is dead then with it goes the processing facilities which then puts Cyprus back to being another exploration project with a route to production in x number of years where x = an indefinite number.

Of course if the IPO goes ahead the 58% holding is immaterial. Will we own more post IPO and restructure after throwing $700k at them, will it be the same or less. As we didn't know what we were likely to get beforehand then we will never know, just another one for shareholders to suck up on trust.

As many of the questions next week are likely to be Apliki focused it is hard to believe that the company won't say something beforehand.

[jaynesdad] 07/3/2023 08:57

Soul
If it the Heffalump I am thinking of then its lack of mention is worrying.
The good thing is that after this restructure AAU will be the major shareholder, and unless there is some form if 'golden share' in existence is in control.
Now I still hope that once in control the IPO is ditched before any more money is wasted. Why float an undeveloped asset and get a poor price for Venus shares? Get Apliki is secured, the assets developed and then, once production is commenced, IPO or partly capitalise into a JV. Will it happen? Has Ariana got attitude now? Have they grown a pair?
I must be missing something here. If £500k is comverted to 6% additional equity and the new £200k loan is being converted on the same terms then why is the latter not being converted to 2.4% making the eventual holdings (after all conversions) 58.4%.
I'm not alleging any subterfuge, I simply dont 'get' that. What have I missed?

[5huu] 07/3/2023 08:46

Must be some large sells in the background if those buys aren't moving the price.

[grimreaper2019] 07/3/2023 08:31

This stock looks bombed out and due a decent bounce, not many AIM companies have a cash balance circa £15m, the RSI is in oversold territory, market cap has fallen from £42m in Feb to the current £27m.

Decent entry point IMO.

[kaos3] 07/3/2023 08:17

RNS
- I like they are observing the markets .... so they must observe their share as well
- not a word about Apliki - what was of my interest .... I wanted to know what the situation is BUT also why the ready mining equipment was not placed to its use
- not a word on potentially problematic Cyprus north/south division /I might be overreaching here but it is a major operational issue imho/

a very good communication for the new investors ... less so for the old hands ... I am in fact a little bit disappointed. another very good BOD reaction to the shareholders requests ... and then spoiled by not telling the whole story

what is very important to me is - Venus is almost NON MATERIAL atm what proportion of the present assets is it I asked myself...is it more of a hype for my brain ... so I do not care very much about it atm

what has happened today to me is - Venus was rebranded from an operating mine in a few years to an non important next year Rodders project... from 2 years to two decades time expansion. consuming many thoughts, words, drills, projects, studies, capital infusions etc

what is next .. meaningful, cash generating next ... now that Venus it is not imho

[5huu] 07/3/2023 07:50

Very strange.....!

[bosbus] 07/3/2023 07:50

Which of the elephants are you most concerned about Soul?

[soulsauce] 07/3/2023 07:16

An update on Cyprus yet not a word on the elephant in the room. Well that is very telling.

[dixi] 07/3/2023 07:05

Sounding positive on the IPO, we've been here before. Let's just hope they get on with it this time. Nothing on Apliki after all the previous fanfares.

[shortarm] 07/3/2023 06:16

Let's hope they say something you can complain about otherwise you will be lost for words! :-D

[soulsauce] 06/3/2023 19:34

Indeed Cinoib.
The BoD have become too complacent since they didn't need to raise funds.
They have built the company so others are running much of the day to day and have lost control on just about everything except putting holes in the ground.
I can't wait to hear how they explain Apliki

[cinoib] 06/3/2023 19:15

Soul, yes sorry was just a pun o the recent activity. To my knowledge the mines are some distance from recent upheaval. I remember when they first found gold I was selling at 5p so today's 2.45p doesn't seem very logical when they are selling the stuff.

[plasybryn] 06/3/2023 19:09

Sorry my mistake about the length of time the share price hadn't grown. The share price was 2.1p on 20th March 2020, so not as terrible as I first thought. Of course it was also over 5p in 2021 making the fall to todays 2.5p look pretty abysmal.

Somethings these sort of wake up calls can be just the sort of call to action that we need. Let's hope it stirs the 1+3 part time board into action and we see an end to complacency and a return to "Ariana with attitude". If they can't build share holder value from these miserable levels, then my name is Gunga Din.

£29m market cap and cash of perhaps £16m. £13m for all our assets. You are having a laugh!

[different world] 06/3/2023 18:16

soul - if these slip under 2p I'll probably re-mortgage!