Ariana Resources Share Discussion Threads

[plasybryn] 16/12/2019 16:20

Copper on the rise.

[erro] 16/12/2019 13:30

Hi biggles - thanks for response. So are you saying there’s 600k of unspent money in the JV say there waiting to be spent? Or has it gone to the shareholders of the JV. I don’t really understand. Would appreciate some clarity.
All the best

[bigglesbingham] 16/12/2019 12:58

They've intimated dividend equating to value received for salinbas so up to $5m . With money in Cyprus they're buying into JV so bought assets it not DD cost. I'm not really bothered about size dividend as long as one paid . As to company working better with less money I don't agree. The same principles need to be applied whether they have 5m or 20 m to invest and reason we in invest is to get a return on capital and therefore more invested I'd expect correspondingly more returns .

[erro] 16/12/2019 11:58

I’m all supportive of the deals. It’s supported by the BOD and it’s the management team you place your faith in when you invest.
It’s what they plan to do with the money that interests me more. At one extreme they could give it all back to shareholders in which case we would be paid out the existing share price but then no money to invest in activities. At the other extreme they could retain most of the money in the business. For me that would be wrong. If shareholders don’t get a decent return from this deal say 10m back they when will we ever get a return. Also Companies tend to operate far better when cash has to be worked harder.
I also worry about Cyprus because of its notoriety around light touch financial and legal regulation and reputation for money laundering. Ariana has spent 600k in dd so far, does anyone know what this has been spent on? It seems like a lot for two year of dd about 20k per month? Is it just analysis and site visits or have assets been acquired? How many people have been working on it? What will the next 2.4m be spent on? Drilling? Consulting? Or what? 105m has been spent by other companies prior to Arianas involvement so it would be good to understand how the money will be spent. And then if they say spent another 10m on Cyprus and in the end nothing doing how would we then all feel?
On the other hand maybe Cypress is just a small venture and a ‘punt’and will turn out really well
So I’m definitely staying invested but I’m keen to understand their plans for our money in order to to remain committed in the long term given the significant changes planned

[bigglesbingham] 16/12/2019 11:47

Appreciate that Dixi and I wasn't getting at you. I believe the market will get on board but the deal needs to be finalised first.

[soulsauce] 16/12/2019 11:46

Thanks paul, a little bit better thanks.

Pere finally came back today after 97wks of suspension. Hopefully once that gets to a fairer level may cross some of the proceeds for a top up here.

[paul280i] 16/12/2019 11:12

Soul, I hope you are feeling better now, the week started late!

[charles clore] 16/12/2019 11:00

This is one of those times when we do not have enough information to make a judgement on the situation so we have to trust Kerim's bod judgement. I have mixed feelings about that but on balance I believe he is an excellent geologist who can look at a prospect and know what is possible. He has before him the opportunity of a lifetime, the chance of a jv with a major player and that will open a helluva lot of doors. Quite simply I want to be on board when it materialises because I think you dont get many chances to be in on the ground floor when something like this comes along. For the same reason I am invested in Eurasia mining

[thanksamillion] 16/12/2019 09:33

Problem here is Turkeys never do well at this time of year.

Merry Christmas all, and a Happy and PROSPERUS New Year.

:-)

[dixi] 16/12/2019 09:28

Time will tell, but the proposed JV has not exactly captured the support of investors. Uncertainty is weighing against this currently.

[bigglesbingham] 16/12/2019 09:14

How can they give more info if they are still negotiating? Also if as your implying they are not doing it for shareholders but themselves I don't agree. In my opinion a much easier way to serve their own interests would have been no deal and use the income stream to develop their projects which could be years. This would provide them with salaries but would not have provided returns to shareholders for years to come. This is a way if benefiting shareholders now and developing projects quicker. Some are worried about a minority holding in the JV but the deal will result in market cap being returned in cash so within the current shareprice if you assume deal goes through there is currently no value for JV anyway which is ridiculous but worst case scenario is JV doesn't work and becomes worthless well that's the situation now with the potential deal. If the deal goes through then market cap in cash and the value of JV will increase shareprice to over 4p which it excellent for shareholders.

[dixi] 16/12/2019 08:57

It's rubbish. AAU appear to not have shareholders interests in mind. I'm disappointed after being involved for a considerable time length of with this one. But nothing is a given. AAU need to consider benefits to shareholders or take this private and then do as they see fit.I hope that investors will be given clearer benefits of the potential new JV sooner than Feb. It needs to be in shareholders interests.

[soulsauce] 16/12/2019 08:27

Not a great start to the week :-/

[crossfirecssf] 13/12/2019 13:13

Agreed,... looks positive and also likely to break to the upside in the short to mid term. Let's face it though, we're in the twilight zone.

[jc2706] 13/12/2019 09:51

It's a continuation triangle. A pause in a trend generally although, like all these things, it is not perfect.

[charles clore] 12/12/2019 17:58

Crossfire - yes it seems to be reaching a conclusion doesn't it?

But what do you make of this one?

[crossfirecssf] 12/12/2019 17:21

Not long til take-off Charles, though the flag's getting a bit long...

If it's a breakout to the upside I reckon we're looking at around $1650. In my very humble opinion of course.

[thanksamillion] 12/12/2019 13:28

Whole host of scenarios saul, they may think ....what if we hire him and he then receives a better offer elsewhere etc etc. I just think Kerim will see this as a good deal and cash in the bank whilst keeping his freedom to do just what he wants regarding exploration. The construction company believing the best chance of keeping the team(which is vital as they don't have exploration expertease) is by letting them do what they do best and on their own, plus other shareholders behalf).

Meanwhile Gold rallying well.

[bigglesbingham] 12/12/2019 12:36

Don't agree but we will see.

[soulsauce] 12/12/2019 12:12

Why would they lose him Thanksamillion? Don't you think they would pay him handsomely to keep him.

[dixi] 12/12/2019 12:08

CC - it was more of an exasperated and sarcastic sign off - but I too would be more than happy for this to turn out to be in investors interests. Otherwise they may as well take it all private.

[charles clore] 12/12/2019 11:57

dixi12 Dec '19 - 11:33 - 18565 of 18567

...As ever though, I am sure that the bod at AAU know what's best for investors...

So far I have only seen evidence that the bod knows what is best for themselves. The rest remains open to conjecture but I will be delighted if wrong.

[thanksamillion] 12/12/2019 11:49

Soul,

I doubt KS would accept 4p and it is his qualities as a geologist that attracts the buyer so they wont want to loose him.

[soulsauce] 12/12/2019 11:38

I think the company need to do more to sell the deal dixi, that is without doubt.