Ariana Resources Share Discussion Threads

[xow98] 24/1/2020 15:35

Topped up 250k at 2.72 20 minutes ago, still not showing

[bigglesbingham] 24/1/2020 14:42

Couldn't resist at these prices as I believe well over 3p poss 4 if / when debt repaid and or MOU turns into JV

[kirbs4] 24/1/2020 14:02

I had a tiny topup with some spare cash and that is showing as a sell too

[bigglesbingham] 24/1/2020 13:39

Just done 250 buy at 2.72 will probably show as well! Couldn't resist that

[claretandbluedave] 24/1/2020 13:35

Definition of a snowflake

The term "snowflake generation" was one of Collins English Dictionary's 2016 words of the year. Collins defines the term as "the young adults of the 2010s, viewed as being less resilient and more prone to taking offence than previous generations".

So please don't take offence but I'm sat on the fence with regards to the MoU. It looks like Kerim's giving a lot away, but he gets to the end result quicker and using the joint venture company's money to get there.

I'm still not sure!!

[plasybryn] 24/1/2020 13:13

Thanks for trying to explain but I'm even more confused now. Can we stop the world & let me get off!

[swallowsflysouth] 24/1/2020 12:30

well I did Kirbs lol

[swallowsflysouth] 24/1/2020 12:21

just for you Plas

In computing, a snowflake schema refers a multidimensional database with logical tables, where the entity-relationship diagram is arranged into the shape of a snowflake. ... However, the dimensions of a star schema are normalized, so that an individual table depicts each dimension.

[plasybryn] 24/1/2020 12:04

What is the definition of a snowflake?

[kirbs4] 24/1/2020 10:12

Fwiw i also agree with Biggles/swallows...Anyone who disagrees with me is a snowflake

[thanksamillion] 24/1/2020 09:22

Totally agree with swallows, Cyprus will be as much as AAU can handle alone.

[ironstorm] 24/1/2020 07:57

I am with the JV (subject to of course the details being published).

[risa5] 23/1/2020 23:57

The spread here is far too big MM must be making a fortune what a rip off.

[swallowsflysouth] 23/1/2020 21:16

I think i err on the side of a JV due to what now appears to be a massive amount of development needed at the different sites which as i think Biggles pointed out will need a huge amount of investment. Multiple mine investments do not come cheap especially if we are talking about the majority of new mine development in Turkey and in addition the potential of a Cyprus mine.

[kirbs4] 23/1/2020 20:27

Crikey dont you lot start a divide on here between deal or no deal! Brexitay finally be out of the way and you lot are starting up Mouxit!

[shortarm] 23/1/2020 19:37

95% in favour of the deal with 10+ million shares....Looking forward to the next few months!

[mcmather] 23/1/2020 19:37

I'm expecting / wanting to see a ramp up in production announced in the MOU agreement.

Build a 2nd ball mill at kiziltepe and target 60k annual production so AAU still get 14k ozs.

Then bring on Tavsan and then Salinbas and get drilling in the meantime to prove up the potential of the various prospects.

Simultaneous to that AAU can turn Cyprus into something similarly big, pay regular dividends and grow via investments / acquisitions from the $25m.

Agree SFS re AAU having hopefully only just scratched the surface.

[temujiin] 23/1/2020 19:11

8rad/SFS,

I think once/if the deal is announced there will be more clarity, but for me I still need convincing what the offer is better than status quo, and I'm slightly more comfortable with the current situation with 50% ownership and revenue, than 23% and cash.

Tasvan has just shown itself to hold some great high grades and I don't think the JV deal quite reflects the revenue potential of Kiziltepe and Tasvan. It might take longer, but AAU don't really need the new JV money atm for Tasvan to be developed. Will look at the deal struck and then we all can thrash out its pro's and cons.

[swallowsflysouth] 23/1/2020 18:51

Thankfully lack of liquidity makes this a unpopular stock to day trade, limited profit taking occurring, overall good upward movement.

Temujiin, yes it is a difficult one, overall i think i'm 55% in favour of a deal, will depend on the small print in any suggested deal.

Mcmather, i too think the surface has been scratched on AAU's assets.

[8rad] 23/1/2020 18:45

Temujiin...I could have written this myself.The biggest unanswered question here is why give up 53% of something precisely at the same time that we have finished paying for it for a one off payment when we know life of mine is hugely under-estimated on such limited exploration.

[temujiin] 23/1/2020 18:22

Been mulling over how to vote if a deal is stuck with mystery JV. I'd like to see more detail on the deal which should be provided and in particular I do want to see

1. how it's structured so that AAU and Proccea as junior partners are protected
2. what they mean by 'be free-carried on further costs associated with the development of the Salinbas Project'


I'm open minded atm but and tending to feel the current deal is perhaps less beneficial to shareholders than going it alone and developing Tasvan with Proccea, whilst further proving up Salinbas potential, so approx 52 to 48% minded to use my 3m votes against the deal.

[bigglesbingham] 23/1/2020 16:26

Those last two trades look like sells but ones a sale and other is a buy back at slightly higher price slightly less volume

[bigglesbingham] 23/1/2020 14:41

This is AAU "thinking bigger" as he stated early last year, and also Ariana with attitude although there was a little delay between saying that and seeing fruits ?