Ariana Resources Share Discussion Threads

[plasybryn] 19/1/2024 12:18

That recovering chart which was beginning to look quite exciting is no longer. I agree a lot of this downward pressure will be Starvest holders dumping shares, but as soulsauce correctly states this occurrence was well known about. What has and is the Co doing to woo them. It is though they live on a different planet. The concept of having shareholders who own the Co appears to completely pass them by. But we only have ourselves to blame. We keep voting the likes of MdV back in each year. FGS

[zangdook] 19/1/2024 12:08

Yes, the costs are shared by the JV partners but the other two partners are large organisations for whom the JV is not the major part of their cash flow. If money is needed they can put up their share easily. Only Ariana has severely limited resources. A dividend should come from recurring cash flow, not from a one-off disposal, unless other sources of finance are easily and cheaply available.

Then again we did spend half a million sniffing around Apliki before we "had to let it lapse", so there was money around.

[zangdook] 19/1/2024 12:02

"Why would you invest in Starvest for Greatland rather than invest in Greatland itself?"

Because there was an enormous discount.

[shortarm] 19/1/2024 12:00

Erm. Wasn't starvest at a significant discount to buying GGP direct?

[soulsauce] 19/1/2024 11:59

Why would you invest in Starvest for Greatland rather than invest in Greatland itself? Surely when you are investing in Starvest you are investing in the package.
Like I say if Ariana had been made compelling enough they wouldn't be selling.

[dixi] 19/1/2024 11:56

Time stamp on the near 951k buy suggests it's a sell.

[claretandbluedave] 19/1/2024 11:54

My first buy was 1.68 8 years ago, might be buying at that price again very soon.

[bigglesbingham] 19/1/2024 11:54

Of course we knew if 11m shares are gifted to people who some of which weren't investing because of AAU but rather greatland gold then they are going to sell which creates an artificially low price relative to fundamentals. Is what it is I for one will be taken up the opportunity.

[soulsauce] 19/1/2024 11:47

And so now we have another excuse for the absolutely shocking share price to let management off.

[shortarm] 19/1/2024 11:44

Just wish I had some cash available instead of people owing it to me!!

[soulsauce] 19/1/2024 11:43

Well we didn't know biggles, we suspected. But if the company made the value of holding shares compelling enough then I am sure most would hold on to their shares.
What have they actually done to seduce the Starvest holders, the same they do to keep existing holders on board - zilch!!

[bigglesbingham] 19/1/2024 11:40

My first buy at sub 2p for four years

[bigglesbingham] 19/1/2024 11:39

Well we knew it would happen with Starvest just have to be mentally strong and keep looking at the company

[claretandbluedave] 19/1/2024 11:38

But it won't be the last time unfortunately

[jaynesdad] 19/1/2024 11:34

First time I have seen a quote for 250k at less than 2p for a very long time.

[shortarm] 19/1/2024 11:26

Nearly 1 million buy, eventually the sellers will have run out of shares to sell at 2p.ROLL ON THAT DAY!!

[paul280i] 19/1/2024 11:03

We were warned that the legal chalange could delay laying liners and consequent production.

My post of 4th April 23:
Tavsan legal ongoing. Problem that there may be a delay because of elections. If not sorted soon enough liners cannot be laid at cold temperatures so possible delay till 2024.
A279;

[shortarm] 19/1/2024 10:37

And project management is something Proccea have been excellent at!

[charles clore] 19/1/2024 10:20

Shortarm - good point! I think a lot of people forget the costs are shared

[konil] 19/1/2024 10:10

plasybryn, at the time they paid out the divi cash albeit in tranches, the future events leading to delays in tavsan and death of apliki as it was then (apliki may come back), were unknown. and they held a fair chunk of cash back, rightly so.

so without a crystal ball i'd say they got it sort of right. (i'd have preferred the divi paid in one go but that's not really the point here).

i doubt their planning includes slowing anything down and they would have been only too happy to have tavsan up and running by now given a clear road to production.

i only hope q3 doesnt slip to q4. the bad weather reason is understandable but further delays unless demonstrably due to external factors will call into question their project management skills - but that is down to proccea, not aau.

[soulsauce] 19/1/2024 09:47

Like I have said before the words shareholder value are not even in their vocabulary, they would rather call shareholders seeking value, quick buck merchants.

[dixi] 19/1/2024 09:45

Yes, they do their own thing and expect the 'market' to do it's thing on their behalf. But we are the 'market' and if they don't listen the 'market' is not going to do its thing for them. Why should it. AAU share price can stay down here for the next ten years potentially, whatever the company does. But that is the 'market' for you!

[xow98] 19/1/2024 09:40

The problem is the BoD have been together too long, are happy taking their annual salaries on the assumption they will get to a decent sized market cap in the next 10 years and don't want to rock the internal happy boat.

Respecting (i.e. no YJ intermediary) and delivering for shareholders is a secondary priority (until they need us again as cash flow dissipates).

Will, again, be voting against MdV reappointment at the next AGM.

[dixi] 19/1/2024 09:39

Shortarm - agree, presumably as Tavsan is being funded by Zenit from Kiziltepe proceeds there is no affect. Therefore it is not the responsibility of any of the partners directly to fund. But they must have all agreed to finance via Zenit, or Ozaltin made that decision for everyone.
AAU's own cash management under the circumstances is a separate matter.

[shortarm] 19/1/2024 09:35

In what way would Ariana paying out a dividend slow down Ozalton or Proccea who own 75 plus percent of the project between them?