Ariana Resources Share Discussion Threads

[charles clore] 11/3/2020 10:08

Good morning. Share price stabilised now? Despite lower interest rates gold and silver remains very well behaved. tptb seems to have things under control.

[paul280i] 10/3/2020 08:50

That's clear Biggles, thanks.

[bigglesbingham] 10/3/2020 08:38

Some bargain hunting going on, usually the way when shareprice hit by MMs playing on hysteria with hardly any volume yesterday.

[bigglesbingham] 10/3/2020 08:36

Not what I mean as Mariana sold 30% of Hot maden for $170m but more hoops for acquirer to jump through.

[odvod] 10/3/2020 08:34

meaning - no TO premium in the share price ever ?

[bigglesbingham] 10/3/2020 08:30

Nothing sinister just that our main asset is not wholly owned therefore there will be agreements ie if either company gets into trouble the other has certain rights. A company wanting to take us out would have to effectively have to negotiate with procea and Ariana because the relationship is so tight.

[shortarm] 10/3/2020 08:23

I guess he means not easy to untangle form a take over point of view - you can't take over Proccea for a start!

[paul280i] 10/3/2020 08:19

Biggles, can you explain please. "existing JV certainly ain’t clean".

[bigglesbingham] 09/3/2020 22:15

More difficult with our disjointed shareholder base and existing JV certainly ain't clean.

[plasybryn] 09/3/2020 18:02

Surely Co's also become more exposed to take overs as their value (Market Cap) becomes ever detached from reality.

[bigglesbingham] 09/3/2020 17:52

Valid point they apparently have no exposure to gold

[risa5] 09/3/2020 17:28

Charles. I was replying to 19983

[charles clore] 09/3/2020 17:24

risa - you don't tend to get evidence until the event has happened. AIM is all about speculation and commonsense with absolutely no guarantees. That is why I wrote IMHO.

[risa5] 09/3/2020 17:20

Too much speculation and hypothesis without any evidence is not helpful.

we just have to wait for the news about dd.

[charles clore] 09/3/2020 17:16

wouldn't mind either way if the deal went through or not. AAU has a solid business and assets in its own right and will be producing gold and silver regardless. And precious metals will be market leaders in the very near future imho. Imagine the profits kicked off if gold reaches just $2.5k and silver goes to $25. Very possible.

[soulsauce] 09/3/2020 17:14

I doubt this conglomerate is short of cash or needing to raise it and what better way to diversify and safeguard it's reserves than buy in to gold.

Anyway we will know soon enough.

[erro] 09/3/2020 16:19

The reason why I think the deal will not proceed is because if they are a conglomerate then they will be impacted by the virus. If they are funding deal with their own cash reserves they they will probably want to preserve them to cover their own shortfalls. If they are planning to raise funds then the availability of funds will likely dry up/ or they won’t want to get into debt to find the deal. Either way it’s not about whether Ariana is a good fit but more about risk and uncertainty and preserving cash
It wouldn’t be reflection on Ariana and it may benefit long term holders because Ariana would keep control of cash flows during turbulent times, which I think would benefit LTH - say if the conglomerate did do the deal they may not have the funds to progress with projects any n any case. Also how would Ariana protect itself if the deal went ahead and there was a sustained downturn without having control. I think no deal is better until things properly settle down

[bigglesbingham] 09/3/2020 16:08

Today absolutely nothing to do with deal imho. Only 3m shares traded equally buys and sells simply market makers trying to inject fear to force sells . Pleased to say the shares sold has been around £30k max which is buttons.

[thanksamillion] 09/3/2020 15:30

Me too, however I see the extent of today's drop being helped by the as yet unknowns surrounding the deal.

Having said in the first RNS that the deal was to be put to shareholders by end-Feb, and then extend it by a month suggests several causes, all of which are negative to the share price in the mean time.

Grumpy

[soulsauce] 09/3/2020 15:27

Shortarm exactly, I think it is even more likely that a Turkish conglomerate would like some gold as part of its portfolio in these difficult times.

[shortarm] 09/3/2020 14:51

I think the deal will contineu - seems like a perfect hedge for a Turkish construction company!!

[erro] 09/3/2020 14:16

I can’t see the deal going ahead given all this turmoil but that might not be a bad thing. Debts paid off in April and net cash generated from the mine could amount to up to £10m pa based on current gold price and production levels. This is 3.5* market cap. A 3% dividend would cost £1m and the rest of money could provide a buffer. Not a bad situation to be in.

[thanksamillion] 09/3/2020 11:46

Spread seems a bit excessive today, but then everything does.

[8rad] 09/3/2020 10:37

Dixi..courage here comes from the fundamentals and a rising gold price is quite a good fundamental.

[dixi] 09/3/2020 10:27

8rad - fair enough - I admire your courage! Nothing wrong with the company, it will no doubt prove to be shrewd move with the benefit of hindsight :-)