Ariana Resources Share Discussion Threads

[doinnuthing] 17/12/2019 10:38

Hi all my first post but a very long term investor - my first purchase was at 9.5p I will let you work out how long ago that was!
My main question re the MoU is what capital Proccea will be putting in to earn their proportion of Salinbas?
Secondly at what point will the Non Red Rabbit parts in Turkey be sold in to the company at the appropriate multiplier. This appears unvalued in our current share price (roughly equivalent to the cash being received) so hopefully that will be reflected as well. It will be interesting to see when we get the details of the deal whether this has been completed - valued in as an extra. The exploration costs are known.
Additionally can someone give their understanding: at Kizilcukur we are mining but need to truck for processing to the RR facility. If it comes into the JV we get the multiplier on exploration costs but nothing for the mining & road construction so hopefully that will be recompensed somehow or this money is lost?

[jaynesdad] 17/12/2019 10:38

Why? This asset is currently 51% owned by AAU (at least in terms of benefit). AAUs benefit from this new discovery is about to be more than halved to 23.5%, so you'll have to forgive my lack of excitement. The new company has done nothing to discover, explore, finance or develop this asset but now probably owns 53% of the new resource discovered as well as that already known about. AAU does not even get the 3x 'finders fee' because it Arzu is already part of the current JV. The share price hasn't exactly lit up this morning.

[mcmather] 17/12/2019 10:09

"....the contemplated joint partnership between Ariana, Proccea and the new partner, will create a formidable exploration, development and production group focused on Turkey.....It is the goal of the Partners to become one of the premier gold mining companies operating in Turkey."

If you believe that today's news has to be good for AAU.

[jaynesdad] 17/12/2019 09:49

Totally agree 8rad. I think you and I are in a very small minority sadly.

[plasybryn] 17/12/2019 09:47

No trades.

[charles clore] 17/12/2019 09:34

Amazingly the market attributes negative value to this morning's news. You couldn't make it up!

[8rad] 17/12/2019 09:28

But for who?..our mystery shopper of course. Ironically the more we find the more ridiculous the proposed deal becomes.Put us in the loop Kerim because as it stands we are unable to enjoy the fruits of our own success.

[5huu] 17/12/2019 08:35

Kiziltepe growing all the time. Superb news.

[shortarm] 17/12/2019 06:38

What are four of us on here at this time of the day?? My excuse is that I'm in a foreign country!

[bigglesbingham] 17/12/2019 05:59

Good post I think the complaining is due to lack of clarity which cannot be given because they are in the middle of negotiation and due diligence. However the tone of some posts does come across as complaining which I don't get either. If the deal doesn't tick all boxes then questions need to be asked but until it is the board has said it's trying to return value to shareholders and speed up projects. Some have questioned minority holding within JV but sandstorm didn't mind paying $170m for 30% and we would receive more than our current market cap in cash to develop projects outside the JV which based on previous performance should increase AAUs value considerably.

[catsick] 17/12/2019 03:56

The market prices the shares at 2p and the board go and find a deal which clearly shows the value of the shares is 5p+ and they will get 2.5p of that in cash and retain a growing well funded business, and you guys are complaining because you think the assets are worth 10p and they are being sold cheep !

The value is being generated and they are monetising some of it and reinvesting in new projects, long term this will grow and grow and all the while there will be a bunch of people complaining....

[bigglesbingham] 16/12/2019 22:26

Why wouldn't he?

[8rad] 16/12/2019 22:21

Lets hope that Kerim does his due diligence for us.

[bigglesbingham] 16/12/2019 20:54

Panmure Gordon were apparently very excited about deal but can not justify marketing because it may not go through. They like to deal in certainty with their clients. When or if deal is certain I see them coming into play .

[bigglesbingham] 16/12/2019 20:52

When you invest in a small startup like AAU you always fly under the wing of the md and Ceo then when correct deals are made the shareprice can benefit significantly .

[bigglesbingham] 16/12/2019 20:50

Well whatever deal has to be voted in and with few significant shareholders institutions everyone will have a say and they will have to justify it. Can't give info out now as still doing due diligence and negotiating.

[8rad] 16/12/2019 20:22

To respond there is nothing personal BB here but the lack of transparency over many RNSD leaving to greater confusion has left too much freedom to a CEO who has no or little constraints to company plans. We seem to be free flying under his wing which may be good or not .

[bigglesbingham] 16/12/2019 20:07

Yes I take it you don't. I base my decision on my experience of meeting him and his track record in doing what he says, in many instances this board has got very disillusioned with his under promise over deliver approach. What are your concerns and what are the specific examples of his actions which have given rise to your concerns . ? By the way my views are literally that and individuals need to make their own decisions based on research and and their experiences. I can name a few ceos who I don't trust !!

[8rad] 16/12/2019 19:56

Look here Biggles … do you trust Kerim ? YEs or No.

[erro] 16/12/2019 19:05

Thank biggles - appreciate the effort in responding. Have done a quick company search on Venus minerals and Ariana if I read it right Ariana have a declared interest of between 25-50% so maybe they are moving this on. I was imagining that the money would be spent on exploration but I guess shareholders are not privy to that level of detail. By the way given the level of concern amongst long term holders around the deal I think that Ariana would benefit from the appointment of a non exec director who could ‘look after’ the interests of the private investors. I think it would boost the share price Given your shareholding would you not be interested?! Only a thought. All the best

[bigglesbingham] 16/12/2019 18:49

Drilling results should be out any day

[bigglesbingham] 16/12/2019 17:09

I will past some of rns below but my take on it is AAU have bought 6% of assets with 0.6m euros. These assets which are clearly extremely good for copper and some gold are being developed and firmed up as a resource. One has to assume some of the 600m euros have been used to explore and further injection of cash will purchase 50% of assets and be used to crystallise their resource to put them into a position of sale or production. Venus Minerals Ltd ("Venus") is a UK registered, Cyprus domiciled company holding a significant exploration and development portfolio in Cyprus. Two advanced copper-gold-zinc prospects at Klirou and Kokkinoyia contain historical resources of 4.3Mt @ 0.5% Cu, 0.8% Zn + unquantified Au (JORC 2004) and 5.2Mt @ 0.7% Cu + unquantified Au (non-JORC) respectively, providing the company with an exceptional foundation on which to build its resource base. Scoping and pit-optimisation studies for the projects have been completed and are under review towards the preparation of a combined Preliminary Economic Assessment ("PEA"). It is the intention of Venus to develop these prospects as a single entity known as the "Magellan Project" with the aim of establishing a significant new mining operation on Cyprus. The company recognises the potential to confirm and grow these resources through further drilling. The company also holds a substantial exploration portfolio outside of the main project areas, which contain several immediate drill targets which have been established following a rigorous data review and new surface exploration.

[davidspringbank] 16/12/2019 16:52

I wonder if they've completed the due diligence drilling. We should hear soon.

[plasybryn] 16/12/2019 16:20

Copper on the rise.