Ariana Resources Share Discussion Threads

[charles clore] 20/10/2023 22:37

Plas - we know Kerim is good but it is time to show the seed investors and long term holders that they will at least get their original stake back. Its no good offering promises of dividends in 2025, ifs, buts or maybes. Blind faith is wearing thin and its time to show us something of the proper company and not only what is planned but a tangible route to success, just like the company used to do in years gone by before Ozaltin etc. This may call for the replacement and / or restructure of the board but at the moment this appears to be the only way to resolve the situation here.

[plasybryn] 20/10/2023 20:13

Yes it seems many don't want to admit something needs to change even after three years of constant erosion of value. I do find that hard to understand especially as so many have so much at stake and can no longer speak face to face with the prime movers. It is my view that the Board need to convince investors that the amended strategy is the correct one and specifically how and when it will deliver (restore) value.

[soulsauce] 20/10/2023 18:57

The progress at Salinbas/Hiz, given we gave so much away for it to happen, has been nothing short of ridiculous.

Spot on xow.

[xow98] 20/10/2023 18:48

Nothing will change as even the members on this board are not in agreement that we need change at BoD level, so getting a majority vote to change things isn't going to happen.

I am sure most of us are nursing losses at this stage.

Seems like we are all waiting for a miracle.

[soulsauce] 20/10/2023 18:28

Nothing will change. He has a Q&A every now and then to kid you on he is listening but nothing changes and why would it with the same faces running it for themselves.
It needs an injection of excitement and different ideas.

[trevor1234] 20/10/2023 17:57

I agree with most of you on here and like most of you my holding is now underwater for the first time in a very long time
We need to do something to bring our frustration with the way the company is being run
to the boards attention,so they take notice. like a lot on hear i have been an investor for at least 10 years , we are not fly by nights we bought into the boards plan to what we thought was to fast track Salinbas and it hasn't happened . Tarvsan couldn't have been helped and seems to have been sorted in a reasonable time .
I think Ozaltine are to blame they are a private company, they are not used to shareholders and don't see the need to keep us updated on events and has we know with there holding they can overrule us and procea. I feel Kerim needs to have a word.
I also think Kerim residing in OZ is a downside it would be better I feel if he was nearer to the action
I am also with a lot on here in thinking a new face on the board would be a big improvement Boards can become stale without new input

[5huu] 20/10/2023 14:23

I 100% agree on Salinbas JD. We accepted that dilution because the compromise was progress, but progress there is painfully slow. Let's hope our patience is rewarded.

[jaf1948] 20/10/2023 13:41

I sold out earlier this year after being a shareholder here for 7 years but I bought back in during the summer as I honestly believed that the company had turned the corner.

It gives me no pleasure seeing what is happening and I really only have myself to blame, but having said that, I feel shareholders have not been given all the support that could have been given.

[jaynesdad] 20/10/2023 12:59

I agree jaf but its not just that.
People are just fed up that projects just sit their apparently gathering dust. How many supported the Ozaltin deal on the basis that it looked like Salinas deal would finally gain traction? In 4 years the opposite is true, AAU lost 76.5% of Salinbas with very little compensatory payment and hardly any progress since, slower than ever. In the meantime the effect of the 8m exploration pledge has been depleted by inflation. Many people in this board don't expect to see several of the current projects reach fruition in their lifetime.
What is going to drive this half billion valuation? Especially in view that in February 2021 they crowed about a 50 million market cap, which has now halved.

[jaf1948] 20/10/2023 11:39

The share price has fallen by two thirds from its peak. That tells you the company is not attracting new investment.

The posters on here may not like my comments but they only reflect what is actually happening, not what we would like to happen.

[charles clore] 20/10/2023 11:30

Jaf - the problem, in a lot of get rich quick investors' eyes, is that Kerim thinks like a geologist as well as a businessman. He will make sure that any decision he makes is sustainable rather than risky. In time, we will see the virtue of this.

[shortarm] 20/10/2023 11:20

The actual sad thing is ...

[renniks2016] 20/10/2023 10:43

POG at ALT highs across many currencies today, good chance it will crack $2K next week. all AIM PM Juniors on decline over last 18 months, at some point the herd will return, from their foray into cryptos and tech, but not before the MM's have beaten them to near death and then filled their boots. Some might not even survive this onslaught, a few will make the brave and resilient a lot of money, and provide financial stability for generations to come. It's a frightening world out there at the moment, with lots to worry about, and on multiple fronts, for me this is not one of them, the cream will rise to the top. IMHO. Keeping the faith, and it's not blind, its fundamentally the right thing to do.

All we need, all we need is hope
And for that we have each other
And for that we have each other
We will rise
We will rise
We'll rise, oh, oh
We'll rise
I'll rise up
Rise like the day
I'll rise up
In spite of the ache
I will rise a thousands times again.

[zangdook] 20/10/2023 10:15

Many years ago my investment strategy was something like 'buy a bit of lots of blue sky exploration and sit back while it evaporates' with a touch of 'cut your winners so you can buy more blue sky'. Sometimes I feel there's something familiar about the way AAU is run.

[chinese investor] 19/10/2023 19:00

1969 Woodstock !

[mcmather] 19/10/2023 16:04

Just re-iterates the above




Or this one...

"TODAY IS OCTOBER 19TH

EXACTLY 36 YEARS AGO TODAY THE STOCK MARKET HAD IT’S WORST DAY EVER IN HISTORY

THE DOW JONES UNEXPECTEDLY FELL OVER 22% THAT DAY FOR NO REASON"

[doinnuthing] 19/10/2023 16:02

Thanks xow98. I do not look at many other shares so did not see the general issue.

[xow98] 19/10/2023 16:02

*LSE SAYS ORDERS IN HALTED INSTRUMENTS WILL NOW BE EXPIRED

[xow98] 19/10/2023 15:53

*LSE CURRENTLY INVESTIGATING AN INCIDENT

*TRADING IN SOME UK STOCKS HALTED, BLOOMBERG DATA SHOWS

*LSE SAYS ONLY FTSE 100, FTSE 250 AND IOB SECURITIES TRADING

[xow98] 19/10/2023 15:49

Lots of shares halted. Must be LSE

[doinnuthing] 19/10/2023 15:26

Cannot see an RNS as to why anyone know?

[bigglesbingham] 19/10/2023 15:09

Sellers notoriously sell into good news tarsvan was a prime example