Ariana Resources Share Discussion Threads

[soulsauce] 13/6/2023 10:31

Bigglesbingham I really don't understand you. Before yesterday's Q&A you had built yourself up into quite a lather and shaking a metaphorical fist at the company through your interactions with YJ as even you as a 5% holder are held at arms length like a stinky nappy as the rest of us plebs are.
I heard little or nothing in that turgid droned uninterested ramble to suggest your complaints would be solved in a satisfactory or timely fashion, and the Q&A answer confirmed that. The one answer on Cyprus was quite ridiculous and told shareholders nothing.
But you were satisfied after the last Q&A but nothing changed hence your complaints this time.
When will you learn nothing will change.
This company and it's management have a totally different timeline to most shareholders and it doesn't give a hoot about the share price and thus has no accountability for delays and negligible inclination to communicate in a better way.

[soulsauce] 13/6/2023 10:21

18367 excellent post xow.

Shortarm the price went up to 6p around the conclusion of the JV due to the future performance they were selling us going forward with sunlit uplands.
Unfortunately that didn't come to pass. Even the straightforward stuff and Salinbas certainly hasn't been taken forward at a pace we expected.

Konil you probably know as well as I do that Tavsan won't be in production until late 24. They finally admitted it will be towards the end of Q1 which means it will be at least 3 to 6mths more.

[daniel levi bmd] 13/6/2023 10:17

FYI

Arterian Plc Exploration: Who's The Major? Punt? You decide..... hxxps://www.guerillainvesting.co.uk/2023/06/13/arterian-plc-exploration-whos-the-major-punt-you-decide/

Dan
x

[ich60] 13/6/2023 10:12

Sorry I do not buy there issues with low bandwidth. Perth is a very connected city. Unless he wasn't there. How can you run a company from the other side of the world if you have poor internet. I assume the board are in the London offices. Maybe the real reason was all his Ariana shirt were in the wash.

[shortarm] 13/6/2023 10:06

Hi TAM, the sound quality was fine for me?Maybe it was actually your bandwidth?

[thanksamillion] 13/6/2023 09:50

Missed the presentation yesterday, so had a short look today......

Plas says he was told "The reason the cameras were off for this session was due to the presenters having low bandwidth so in order to ensure their audio quality the cameras were off."

....I had to abandon the presentation, it was un-listenable, and we are told the above???

Not Arianas fault, but it does leave me frustrated.

Have now read the annual report etc. and all much as expected, I am long term add and hold so content with where we are at the moment, delays yes, but in my view the plan for the future is still moving along, albeit slower than we would all like.

[konil] 13/6/2023 09:41

plasybryn, the q&a link in the presentation did not work, so i manually typed it into the browser and it worked. also we are told it is a 'hidden' page on the aau website, dont know why.

try this

[kaos3] 13/6/2023 09:41

ok - please tell me what AAU focus is at the moment .... from the presentation it seems to me - providing drilling services to buying customers....

how much do they get for those services they did not explain... also which customer is best ...

I am searching for their focus - to make it big..... on a daily basis. JV is on auto pilot more or less - all they can do is they can go along. But where is the action they control and can make the difference

[shortarm] 13/6/2023 09:35

Xow, the price only went up to six pence due to the JV so is it correct to say it has more than halved due to the JV?

[konil] 13/6/2023 09:32

tavsan:
i was encouraged to hear their hoped for date is end 2024 q1 for tavsan. i say 'hoped for' because it really is not in their hands whilst the court shenanigans continue, but it indicates they are hopeful of resolution soon. they think it will take 6 to 8 months work after resolution of court proceedings.

good to know that they may have to resubmit report to court which could take another month. i'd rather know that and mange my own expectations than have the company hide such info from me.

also good to know the forestry work continues because having been cleared post eia, that is now driven by the forestry commission, so not aau's responsibility. other aspects of mine construction within aau's remit halted to avoid potentially falling foul of some obscure legality whilst court proceedings not resolved, that seems sensible to me.

if they deliver tavsan 2024 q2/q3 that will help the share price tremendously.


cyprus/apliki:
their info on this not good enough. they need to tell us more. what are they hiding and why? as some others have said they could decide to push on with cyprus (if not apliki) given ownership and available cash, rather than seemingly waiting ad infinitum, but have decided not to. why? what have they messed up? got the contracts wrong and left themselves exposed/powerless? what?

this is too important to let slip being the only other project that could provide near term revenues and truly diversify aau into a different commodity, and one which will soon come to the fore again in a big way.

we need to be told the real story here.


everything else:
good they have a pipeline, especially with things like salinbas, but aside from unexpected step changes which propel the sp, too long term for me to get excited.

[jaynesdad] 13/6/2023 09:18

I wasn't around yesterday. so I have the presentation lined up for today. After reading comments here I'm not sure 'looking forward to' is the right sentiment! The impression I get from the comments is that there is an admission that they are doing what they think is correct and are not too concerned with how happy, or otherwise, shareholders are. If that is the case the board have lost their audience, quite literally in some respects as I am reading LTHs are bailing out now - and given that is at less than 2.5p against a peak of 6p that is quite telling.

[plasybryn] 13/6/2023 09:18

Reply from Investor Meet Co.All of the questions will shortly be available for you to view on our platform and you will be notified by email once these are ready for your review.The reason the cameras were off for this session was due to the presenters having low bandwidth so in order to ensure their audio quality the cameras were off.

[plasybryn] 13/6/2023 09:15

I still haven't seen the written replies to the submitted questions. Is it just me. Can't find them on the website or on Investor Meet Co. Tried the link in the presentation and that did not work. I expect Investor Meet Co will get round to it in due course. Patience is always needed with Ariana. Manana.

[xow98] 13/6/2023 09:14

Biggles, KS (and the other directors) has his salary every month from AAU (and other ventures) and will continue to have it until he decides to retire or sell the business at which point he will hope to maximize his return. Can't be a very expensive lifestyle as he hardly seems to leave home and his clothes are provided by AAU ; ).There is no time pressure on him other than what shareholders can place on him as the BoD are useless at driving the business forward, preferring to meander along at their own pace.

Some shareholders are already retired and only have investment income or capital gains to live on, so their timeline is different. What we were offered with the JV was a way to accelerate future returns but nothing has accelerated since then, timelines have slipped 2 years and the share price has halved. No apology offered, its everybody else's fault as we are only a minority shareholder (but at least we have ensured minority protections are in place).

We need more commitment to shareholder returns and more respect for shareholders, the owners of the company. Their answers to questions (in writing and verbally) show that they believe that shareholders are a necessary inconvenience, no more, no less (as highlighted by only communicating via YJ, including yourself as a 5% holder). Tells you everything you need to know.

[dodie1] 13/6/2023 08:57

I was happier after yesterday's presentation, though it started late and rambled a bit. I felt they were genuinely trying to answer the questions in detail, and that was encouraging. Tavsan needs someone senior, on the ground, to help it through IMO, but everything else was understandable.

[renniks2016] 13/6/2023 08:56

Is that before or after the recent rights issue?

[bigglesbingham] 13/6/2023 08:56

Perhaps they are eyeing more lucrative prospects with the cash . With respect You or any of us know enough about the project to say through millions at it unless you know something we don't. This is where frustrations come out with perceived lack of progress, I'd rather they took their time and appraised every aspect of a project on its merits rather than be obsessed with share price and chase returns and in doing so make a really bad decision which could effect the future of the company. I want the share price to improve but fundamentally I want a strong sound safe company with some blue sky potential which is what I believe we have here.

[plasybryn] 13/6/2023 08:50

PNT.AX Panther Metals up 21% in Australia. Is that significant.

[bigglesbingham] 13/6/2023 08:29

My gut is the participation may become significantly higher. I actually liked his answer it told me alot , it's a lifestyle to him it's everything and he won't let it fail if it's anything to do with him. Note significant portion of his SIPP is made up of AAU shares therefore his retirement and future depend on AAUs success. We the other shareholders have luxuries of other income and shares KS does not. If you think about that for a second then tie that in with his answers yesterday then that gives me great comfort. We can question many aspects re marketing , release of results, strategy (although I like that) but in my view on questioning commitment to Ariana it's a ridiculous question. I want skin in the game ; KS has his whole future in the game imho which was a major factor in my commitment.

[chinese investor] 13/6/2023 07:47

Good Morning !

[zangdook] 13/6/2023 02:12

Found it:

Asgard Metals Fund ("Asgard") hold an interest in 1.75 million PNT shares (representing 3.2%).

Really? Is our MD's time being allocated proportionately?

[zangdook] 13/6/2023 01:58

Why couldn't he just say 'we don't have contractual hours, I'll get that bit on the website rewritten'? Instead of 'my shirt says Ariana and I don't have another job'. People do read the website, it's the company's shop window. I feel for him, he seems to be a nice guy and he's well spoken which is a big plus compared to some of the people who do company presentations, but...

"Kerim is a director of a number of private companies including Matrix Exploration Pty. Ltd., a mineral exploration consultancy. He is also an Adjunct Research Associate at the Centre for Exploration Targeting, University of Western Australia."

All of this stuff (bar unspecified private companies) seems to be in Australia and as far as I can tell Ariana is not active in Australia except for "up to AUS$500,000 in capital and time" for Panther, one of three Asgard investees. That's a pretty small investment, does it really justify our MD living in Perth and chairing the company to keep an eye on it? We put more than that into Venus to poke about in Apliki, and then Apliki fell off the back of the bus, while the MD was supervising kids doing university projects in Australia.

He seems pretty invested in Panther (in personal terms, not just company cash). How much of the company does Ariana own?

[sharenotes] 12/6/2023 19:16

Of course there are many justifiable reasons for some of the criticisms here. I am attracted by both the fundamentals and the potential and whilst it feels like swimming against the tide, I continue to add. Notwithstanding, the share price will remain in the doldrums until some of that potential is converted into a more tangible outcome. It could take a while!