Ariana Resources Share Discussion Threads

[loganair] 25/4/2024 19:21

Rockwell's Dokwe has a total Mineral Resource of 1.2M oz gold averaging 1.05 g/t Au - very low grade.

[charles clore] 25/4/2024 19:20

Thanks - agreed we need more information and a vote. Let us not forget who AAU belongs to. Having said that I believe quite strongly that gold, silver and all other precious metals will surge in value in the coming months regardless what the company does. AAU could be run by the abominable snowman and still do well. All Kerim has to do is stake ownership on a decent deposit and this is what he is doing. Have a look at the latest trend in miners and their share prices. It seems that those with poor economics are rising to the top of the stack. So all we have to do is wait to be "discovered".

[excellance] 25/4/2024 19:17

Rockover have done this deal with Ariana because it offers them much better share price appreciation. If they'd done a deal with a big fish their percentage return would be in multiples less.
The project does look like an excellent proposition.
No mention of what cash Rockover have in the bank and have brought with them, if any.
For Ariana it promises a mid tier producer 100% owned (minus 37.5% given away today) and a dual listing making AAU a global entity, but they still need to offer an enticing investment opportunity.
The next step has to be a strategic review and sale of non core assets.

[nov31] 25/4/2024 19:16

Shouldn’t be using equity for this deal, as simple as that! Could probably have arranged to purchase the equity over 12 - 18 months out of existing reserves and new cash flow from Tavsan…etc

The problem with Kerim is that he thinks it’s his Company, and he sees issuing new equity as free money.

There’s not a lot of sympathy for MDV on this board, but with a holding of 6% plus (notably a lot more than Kerim) I suspect he feels he’s been shafted as well.

[highley1] 25/4/2024 19:04

This deal looks awful, IMO, I can't understand why they're giving so much away?

This is the most unfocused company I know, bits here, bits there, management seem all over the place.

I don't think having the CEO in Australia is a great move either.

[thanksamillion] 25/4/2024 18:58

Need to bear in mind that we not only passing them 37.5% of todays Ariana but also 37.5% of our future cash/earnings. The new prospect will not be generating any cash for several years so cash needed will ALL come from profits made from our existing assets unless they arrange loans which I doubt. This to me makes it look like a very good deal for Rockcliff, not so for AAU

I think we simply need a lot more detail from our Board and a thorough discussion of the issues.

[jaf1948] 25/4/2024 18:25

Charles, no offence taken.

[soulsauce] 25/4/2024 18:20

No worries Charles I totally get the angst on a day like today.
The idiots continue to be the BoD who keep serving up Rns's where people feel they need to seek urgent clarification and cause people to dump shares instead of loading up.

[charles clore] 25/4/2024 18:13

Soul / Jaf - my idiots remark was admittedly a bit strong. My apologies.

[jaf1948] 25/4/2024 18:07

Charles,

We all have different criteria for investing. I for example cannot afford to invest in a company that will, in all probability, give me neither capital appreciation or dividends during the time I am invested there.

From what we know, especially after today, is that Ariana is unlikely to provide investors with either of those things for the next year or so. That does not make me or anyone else an idiot for selling, simply different needs.

(Sorry, soul, we overlapped).

[soulsauce] 25/4/2024 18:04

You can't say they are idiots Charles. Maybe they are older than you and have given enough time and money over to this to put up with another can kick down the road with even less visibility with today's news of dividends.
Only time will tell if they are idiots.
Why does it always feel like one step forward then two steps back with Ariana.
I think the thing that sticks in the craw with most investors is the amount of equity we are giving up in pursuit of an asset in a regime probably no safer than Turkey and with an obviously moving target of 3yrs to production. (I am still sore from 18mths to Apliki) 🙄

[shortarm] 25/4/2024 17:39

Erm, nutter!

[shortarm] 25/4/2024 17:35

Yeah, they are a butter :-D

[nov31] 25/4/2024 17:33

Jeez, someone dropped 400,000 at 2.2p (not me) but says it all really.

[kaos3] 25/4/2024 17:30

reverse thinking ... they will get kizil, leopard, tavsan, oz palm, pure gold in a vault, cash , lab, asgard etc etc

for a zimbabve not developed potential... of much lesser gold in place ...than 40/60 if my intuition is correct

they are geniuses

so we need them on aau asap

[excellance] 25/4/2024 17:29

It is clear that AAU want to grow, and they want a global footprint. They have a decent track record of project management but have only small interests in most projects, and mostly in Turkey.

The new project is a much bigger prospect in that the newly merged entity will own 100%, and the numbers are compelling.

The problem as always is capital, and geopolitics.

Is Zimbabwe any better than Turkey to operate in?

No, it's a lot worse. Worse than Ukraine. Worse than South Africa. Worse than anywhere bar Afghanistan or Somalia.

Having said that, Caledonia Mining Corp listed in NY seems to be able to operate, so maybe things have changed?

I await the strategic review which now has to happen, so the company can divest the less productive assets and improve the bang for buck prior to raising capital in the ASX which appears to be a major part of today's news.

[xow98] 25/4/2024 17:14

Still no response to your emails then Biggles?

[dixi] 25/4/2024 17:13

Can you elaborate the reservations?

[bigglesbingham] 25/4/2024 17:12

Very good and overall positive feedback from TW with reservations. He spoke to KS today but KS wouldn't give him cost of the mine said it's being reworked. TW said optimistic for AAU to be 5p plus in 12 months . Very interesting and fair 18 minute podcast. Now Ariana get you finger out and put meat on the bone.

[soulsauce] 25/4/2024 17:11

Kav seem to be making it work in Zim but not without issues.
There have been several petty hold ups.
Like I say it is unlikely to be 3yrs.

[soulsauce] 25/4/2024 17:00

That is one of my issues excellance. It is an awful lot of dilution for production at least 3yrs down the line and we know it won't be 3yrs but nearer 5 or more.
Surely it would have been better for shareholders to buy into production or very near term production.
The owners of Rockover are getting an awful lot and potential upside when Tavsan comes on stream and we get another resource update from Salinbas etc.

Most shareholders here haven't got another 3-5yrs to give up to this stumbling along and being starved of a plan or information and potentially no dividend.
If this goes ahead, and I am sure it will, as the deck is stacked, then the company needs to sell something.