Ariana Resources Share Discussion Threads

[bigglesbingham] 27/7/2023 11:12

Possibly but depends on the carrots , position options etc. no one really knows

[bigglesbingham] 27/7/2023 11:09

My bet would be taking over panthers share in PANT which I also hold along with PALM. Their rhetoric over last six months tells me they would be prepared to let it go. How would posters react if this was to happen. I think it would be a great move based on KS knowledge of the operation.

[soulsauce] 27/7/2023 11:05

Being a holder of Palm myself I would doubt that very much huffster

[huffster] 27/7/2023 10:59

No one is suggesting a full take over of PNT. I would have thought taking a larger % stake is possible though, possibly acquiring PALM's 36% shareholding? They look like they need capital and that shareholding is a low hanging fruit (valued at around 1.7 million AUD).

I don't think anyone but Professor P thinks a takeover at this stage is even remotely possible!

[charles clore] 27/7/2023 10:57

PP - I can see your logic regarding long term holders selling for 20p but they would probably do so because they came in at under 2p and never in their wildest dreams imagined they would see 20p from such humble beginnings. If, like me, you are an optimist who believes that Kerim is an honest bloke with exceptional talent and ultimately has the future of the company and its shareholders at heart, its easy to hold as many shares as I do and feel very comfortable doing so. I believe education is the key here to understanding what the company is capable of achieving. It's all in the news releases and it's starting to show through in the broker notes but don't expect Kerim to explain it all to you - occasionally you will get a glimpse of his long term vision but you'll have to read in between the lines for yourself.

[thanksamillion] 27/7/2023 10:56

Yes soul, hmmmm, I wonder why.... ;-)

[thanksamillion] 27/7/2023 10:49

Spot on there JAF.

[soulsauce] 27/7/2023 10:22

I see we have entered the fantasy world of takeovers of this and this of PNT.
Strike a light 🙄

[shortarm] 27/7/2023 10:15

Hence my personal excitement about project leopard!!

[shortarm] 27/7/2023 10:14

Finding it for just 11 dollars an ounce versus industry average of over sixty dollars.Good skills them!

[professor pettigrew] 27/7/2023 10:01

Can't argue with your logic there JAF1948 - but Kerim has already stated he will turn this into a £500m company within the next 6 years, equating to around 50p per share.

So, he and the rest of the BOD need to acquire enough shares to make us takeover-proof.

Biggles splendid holding would be thrown into the mix too if there were a bid, and I'm sure he will add to that in due course.

So, to me it's a straightforward choice here. If you believe that Kerim will succeed over the coure of time, and there is no reason to doubt him on current trends, then enough shares have to be bought and hold to repel any boarders.

But as I say everyone has their price. No doubt a cheeky raider may get away with a quick knockout 10p offer if enough long term holders who haven't seen much price action for years decide it.

If you look at the current gold action, the Fed funds rate is now at a 22 year high with the prospect of one or two more hikes this year, and yet gold is very firm not far off the $2,000 level. When the Fed are forced to cut next year due to sharply declining economic activity that will light the blue touch paper under gold and we'll be off to the $2500-3000 level, with silver maybe looking at $40-50. The tremendous gearing here will show itself in a massive uplift in revenues and profits, and any forward thinking predator will surely see this.

So, a knockout at 10p or even 20p now looking forward 2-3 years is still a steal.

But, again, unless we are almost bid-proof it may very well happen when nobody exepcts it.

Don't forget the majors are finding it more difficult and expensive to find gold and silver deposits in decent quantites. We, on the other hand, a small tiddler in the big scheme of things seem to be very adept at finding it in bucket loads.

[jaf1948] 27/7/2023 09:48

All KS would have to say if there were even a whiff of a take-over is that you can buy the company but I'm leaving if you do.

[professor pettigrew] 27/7/2023 09:29

Charles - I respectfully disagree.

Do the management hold enough shares to block any takeover? Even with biggles holding I doubt it all reaches 50%.

If there are enough investors out there who can see the wood for the trees and the longer term massive value and prospects here then they should buy and hold as many shares as they can to thwart and vote against any takeover.

But, everyone has their price. I would imagine if a major came along tomorrow and offered say 20p they would find a majority in favour of acceptance.

On the other hand if the free float is squeezed enough by block buying by investors (and holding obviously) then any predator would have to pay what the value would be deemed to be here in years hence.

To be honest, I think we are already on the radar and an easy target at the moment at these silly levels.

For what it's worth, currently I would vote against any bid but if the price were right then who knows?

[charles clore] 27/7/2023 09:11

Biggles you are correct. No way would they sell the whole company

[bigglesbingham] 27/7/2023 08:31

Think he was referring to my comments. In a recent company communication there was reference to a new company defining project and future expansion in Australia was implied. I may be wrong but that was the distinct impression I got. I mentioned it and Charles responded. Takeover is last thing company wants imho and certainly not management who's life revolves around AAU

[thanksamillion] 27/7/2023 08:30

Renniks might get his price yet.

[professor pettigrew] 27/7/2023 08:25

All the talk of the spread yesterday, two modest trades gone through on LSE thir morning - sell at 2.50 - buy at 2.60, so normal service has been resumed.

[chinese investor] 27/7/2023 07:18

Good Morning !

[professor pettigrew] 26/7/2023 20:44

Tam - yes, a knockout bid at 10p would be cheecky and vastly undervalue AAU's future prospects.

But, I suppose everyone and everything has it's price.

I agree with biggles - panther looks very interesting in play, and gold is slowly moving up again tonight, over $1970 again with silver just under $25.

With what we have proven and already producing, I wouldn't be surprised to see one of the big players swoop here. Newmont may be "partners" but they know the score and know exactly what AAU have.

At the current mcap we could be a sitting duck.

[thanksamillion] 26/7/2023 20:32

You are not suggesting a takeover OF Ariana are you Charles?

I believe the management would strongly fight any such approach, certainly would not get my support, I was persuaded here by the MD's vision of how the company will look 8 years from now.

[bigglesbingham] 26/7/2023 20:19

Hopefully but obviously depends on the deal. I reckon panther in Aussie is on cards

[charles clore] 26/7/2023 19:48

Biggles - if a t/o or jv happens we are in for a humongous buying frenzy that will surpass both of the brokers valuations. I wouldn't be surprised to see 10p in short order.

[professor pettigrew] 26/7/2023 18:05

Rennicks - don't know who your broker is, but if you wanted 500,000 but were quoted 3.2 as it's quite a chunk you could have got them well below 3p if you'd put in say 5 orders for 100,000 each.

Yes, you'd pay 5 lots of commission, but online commission isn't that onerous and for an amount of that size your purchase prices in total would have come to a lot less than one big trade of 500,000.

I have a feeling, as does Tam that the bottom is in. Could see 3p ask at some stage tomorrow.

[thanksamillion] 26/7/2023 17:58

You may be lucky Rennicks, but would need a reduced spread and no further RNS's

[bigglesbingham] 26/7/2023 17:28

Yea no consideration