Ariana Resources Share Discussion Threads

[nov31] 25/4/2024 11:03

I don't like the dilution (especially at today's SP, albeit it could have been worse last month at 1.7p) and would have far preferred to see the acquisition done half in cash (from either reserves or borrowings especially since Tavsan will be throwing off cash shortly) and only half through newly issued equity. That would have ensured newly motivated board members and equity holders without the potential danger of a reverse takeover - it wouldn't cost the Rockover management a huge amount to buy 12.5% - 13% of AAU's equity and take effective control

[xow98] 25/4/2024 10:56

At least 3 years to production, lock-in period of 12 months with a further 12 month orderly market limit. I don't like the differential between production and them being able to offload their shares given they live in Zimbabwe and are about to be handed £19m. They just monetized their investment in a private company and we have a long way to go to see production.

[soulsauce] 25/4/2024 10:49

Who's fault is it we are off the radar bigglesbingham?

[plasybryn] 25/4/2024 10:42

When will the Board wake up and accept they need experts to advise on these sorts of deals to ensure shareholders get fair value and the deal is financially sound. The communication in all its aspects also needs to be appropriately worded and presented to address the City, Institutional Investors and pte shareholders. So far a lack lustre RNS just doesn't cut mustard. Respect and trust in the City is crucial. Have they added to that today.

[bigglesbingham] 25/4/2024 10:41

Market makers taking per again

[bigglesbingham] 25/4/2024 10:38

We are off the radar hopefully when this gets a wider audience it will be

[plasybryn] 25/4/2024 10:35

A major Corporate initiative would normal correspond with a lot of excitement and an inpouring of new investors. But again this communication is woefully thin on facts

[kaos3] 25/4/2024 10:35

plasy - exactly .. they will sell out at some point as a team group think /no disturbance board member there/ ... and shareholders being similar age with them.....

real old fashion gentlemens club all of you

[plasybryn] 25/4/2024 10:32

And aren't they all near retirement age?

[xow98] 25/4/2024 10:21

Will need to beef up the Non-execs on the board as these new directors will hardly be independent, though they will have a lot of skin in the game following the large share issue (some might exceed MdV's holding).

Current Non-execs aren't up to it and there is now far greater risk and complexity.

[dodie1] 25/4/2024 10:11

This looks as if it has great potential to me, but we need to wait for more info. Broadening the expertise on the board looks good too.

[xow98] 25/4/2024 10:10

5huu, perhaps Biggles needs to get in their ear early on letting them know we need a lot more, and better quality, information before we (circa 25% holding) will approve this deal

[soulsauce] 25/4/2024 10:08

dixi25 Apr '24 - 09:58 - 23665 of 23665

Kerim must loathe the the UK markets by now!!

Well he hasn't actually played them well dixi, nor has he come into the 21st century and availed the market and it's shareholders of what is required now in PR and communication.
He only has himself to blame with the reaction as he has and continues to run this like a private company.
AND he should have put professionals in place to do such instead of a weary useless Chairman and stuck useless Yellow Jersey between himself and shareholders.

[bigglesbingham] 25/4/2024 10:08

I stated that I thought part of Salinbas will be sold - Hiz to SSR. We will see

[dixi] 25/4/2024 09:58

Kerim must loathe the the UK markets by now!!

Personally I think this news has to be worth something on the share price for the potential. Increasing as AAU realise the potential stage by stage. Wishful thinking!!

[dixi] 25/4/2024 09:57

Total dividend paid (if ever) from Tavsan/Kiziltepe to shareholders will presumably need to be spread across the new shares too. So some capital appreciation wouldn't go amiss to balance. But as the goalposts keep moving in a blur, who knows what we will get. So here we sit!!

[thanksamillion] 25/4/2024 09:54

MMs..... low life, but they cannot control for ever.

Hope it means a better price for you Renniks.

Acually, chartwise, the drop not a bad move as it sets it up nicely for the next step upwards, we shall see.

[soulsauce] 25/4/2024 09:42

Kirbs maybe it is because they told us the Ozaltin deal would add value and look what happened there.

[renniks2016] 25/4/2024 09:42

MM keeping back my 246k buy why is that then! lol

[renniks2016] 25/4/2024 09:40

So, what does the market give a company, on average, for an Inferred ounce of gold? M&I? P&P? To answer this, we combed through every company listed on the Toronto Stock Exchange (TSX) and the TSX Venture Exchange (TSX-V) and pulled out the ones with 43-101-compliant gold resource estimates (or mostly gold) – no silver, copper, etc. Of these, we kept only those with resources that fall almost entirely into only one of our three broad groups: Inferred, M&I, and P&P leaving us with about 90 companies to calculate some averages on and we got these numbers:• US$20 per ounce Inferred• US$30 per ounce for M&I• US$160 per ounce for P&P Interesting or not?

[5huu] 25/4/2024 09:36

It's a typical muted reaction because Ariana are just not on anyone's radar other than us loyal long termers (proven by our combined holdings). Hopefully they will see that has to change when announcing a deal like this. Lots of gold in the ground and the expertise and experience to get it out, but a long way to go before we can get to that point.

[kirbs4] 25/4/2024 09:33

Someone once told me that clarity and messaging are more important than what you're communicating about, and gave the example that if you advertised a Ferrari as a runaround town car you wouldn't sell any.Not quite the same thing, but while today's news could be great, I don't think anyone really knows what it means for shareholders. Would've been good to outline more clearly how and when this may benefit shareholders rather than just telling us it'll add value.Feels like the Ozaltin experience starting over, whereby there will be a few months of debate around whether it's good before a vote gets passed and we may see a jump in share price

[dixi] 25/4/2024 09:32

Well now we have an share price movement. You really cannot make this stuff up, we'll down in fact!!

[thanksamillion] 25/4/2024 09:31

Ha...and down she goes.