Ariana Resources Share Discussion Threads

[risa5] 17/5/2020 20:00

I would be happy to see all kind of discussion and debate when the actual final proposal is put to shareholders for voting when we know all the facts but until then its worthless.

[soulsauce] 17/5/2020 19:41

Tem I think that post just shows you have decided to totally ignore or grasp what Kirbs has said and gone down the 'woe is me path' again.

No one has told you to STFU and doubt they would. I have only answered the question put by you. You didn't like the answer. It was not a definitive answer and only my take but seemed to have some resonance.

[temujiin] 17/5/2020 19:34

Kirbs,

it's clear when looking at the ticks a poster receives when they basically say to me button it, or Soul says 'we are having very much the same conversation' again and again and again, that my opinion about the JV, on this board is in the minority, which is fine.

Until yesterday that had never been a problem, but I do take exception at being told to basically STFU. I have been polite in my posts and tolerant of other views, explained why I hold them and used factual numbers that are available. I appreciate not everyone agrees, which is also fine.

I've started a discussion on how Mariana managed to turn their asset into something sellable at $175m, and if the proposed $5m + $15m spend, is a very good deal for AAU, however now I seem to need to justify even raising it.

Perhaps this board is only tolerant if you go along with the majority view and I should STFU.

[1candc] 17/5/2020 18:54

Kerim and the other board members have a lot of skin in this game with their very sizeable share holdings, they're not going to give things away, they know exactly what they're doing and I am very happy to follow their lead. Nothing I or others say will make any difference anyway, if there's anything contentious in the future with the plan we'll have a vote as shareholders until then patiently wait and see.

[kirbs4] 17/5/2020 18:48

Have to say Tem you do create a rod for your own back. I dont think there is anyone telling you your opinion is invalid, or saying you are not entitled to it, but you seem to believe that to be the case. You seem to call out that you are in a minority of one frequently when there is no need, just give your opinion, stating you are a minority of one in itself creates the feeling of a divide amongst the conversation. Soul has just constructively offered you a plausible reason for why you may feel like this and why you may perceive the reaction you do, and you've again taken it to heart. This is a great board and everyone gets along respecting other peoples opinions, lets keep it that way. Your opinion is as valid as anyone elses and at its core is an extremely valid case, but that is just the same in the case of biggles etc.

[soulsauce] 17/5/2020 18:35

And that is why I said "having very much the same conversation' or I would have said 'the same conversation'.
You asked the question and I gave you a plausible answer, not my fault if you don't like it and it was in no way meant to be policing the BB.
This indeed is a very tolerant BB. The best in fact.

[temujiin] 17/5/2020 18:09

Just throwing it out there Tem but may be it is because we are having very much the same conversation with you we had a month ago, two months ago.
=============

Soulsauce,

apart from the fact I've never discussed anything about comparing Salinbas and the Mariana sale before and that this forum isn't just for you to decide what gets discussed, perhaps there might be some people who look at things differently to you.

You aren't this ''discussion'' boards policeman, and generally this is a very tolerant forum, so why don't you just stick me on ignore if it bugs you so much.

PS Thanks for the other information.

[kaos3] 17/5/2020 17:50

to Tem:
agree.
Jesse Livermore“It was never my thinking that made the big money for me, it always was sitting.”
suitable for the sale of the mine too.
one year later - huge price diff in a rising price of the underlying commodity. by doing just 0.higher mine price. by doing something - price delta is even larger.
simples.
lets wait for the JV terms - we just specualate atm

[soulsauce] 17/5/2020 17:41

Temujiin17 May '20 - 12:29 - 21598 of 21603

'Talking about the company and MOU is what discussion forums are about so I'm not sure why people are so reluctant to engage with this. Yes we don't know the exact details but that shouldn't mean the topic is pointless'

Just throwing it out there Tem but may be it is because we are having very much the same conversation with you we had a month ago, two months ago.........see where I am going with this. And as people keep saying, much of it is fruitless until we know the final detail.

With regard to Hod Maden and Mariana, I seem to remember it went through a lot of what we did with one dilution after another and a lot of navel contemplation by it's shareholders until it hit the high grades.
Salinbas is sizeable and the landscape uncompromising and therefore exploration will remain costly. We have already had one JV partner give up on it after spending $8m so lets not look a gift horse and all that.
I can understand you saying why not just do a deal on Salinbas and keep the current 51% share of RR but for the very reasons stated above I suggest the JV partner would not be open to one without the other.

[temujiin] 17/5/2020 14:43

Thanks for replies.

I understand the bird in the hand position and it might be the right one. But I'd like to see how an alternative stacks up, and as mentioned, a $15m spend on Salinbas is many 10's of $millions short of getting it into production so that production bird is a long way off.

I don't particularly agree with selling off Kizil but that aspect would still give $25m to diversify and progress other assets, or buy into other prospects.

Knowing how and at what cost, Mariana got their asset to be so highly valued, and how it compares to our asset is something I'd like to explore. Off out but will later see if I can find that video BB mentioned and any $numbers and timescales.

[bigglesbingham] 17/5/2020 13:20

The topography of salinbas is difficult to say least, possible but difficult. Eldorado pit 8mill into it so you have to appreciate the drain on capital . But agree debate is good

[bigglesbingham] 17/5/2020 13:11

Just don't tho ks would do it

[paul280i] 17/5/2020 13:04

"What I would like to know is IF there is a possibility we could rise to 25 -26p in two or three years by keeping Salinbas and doing a Hod Maden."

I think the relevant word in than question is "could", to me a bird in the hand is worth 2 in the bush, and we would still have 23.5% of the one in the bush.

[pranchalee] 17/5/2020 13:00

Tem I for one Tend to agree with you but I still see the other side as well and until we see the details then that’s when the debate will ignite either way the share price will keep on rising and that’s the main thing in my book

[temujiin] 17/5/2020 12:29

There is a video you can google showing the hot maden story
==============

Thanks for the info, I'll see if I can find the video, but would still like the input from pi's who lived through it.

Talking about the company and MOU is what discussion forums are about so I'm not sure why people are so reluctant to engage with this. Yes we don't know the exact details but that shouldn't mean the topic is pointless.

I appreciate people have different timescales and objectives with AAU and a rise to 5-6p in Q3 is very attractive. What I would like to know is IF there is a possibility we could rise to 25 -26p in two or three years by keeping Salinbas and doing a Hod Maden.

To that end it would be good to know
1. how Mariana did it?
2. how much it cost them?
3. can we do it too?

Insight from Plas and others if they wishes to engage would be useful to me at least.

HD was valued at over $583 million when it was sold. The MOU proposes selling 76.5% of Salinbas and surrounding licences for $5m + $15m spend.

Trying to find out if that is good value is something we all should be interested in discussing imo, however if people aren't, then it's fine to just ignore me, I only get upperty if I get the feeling people imply my view is worthless or disruptive.

[rjwoodrjwood] 17/5/2020 12:18

BB, does that mean you would not consider an outright sale? It would bring in a substantial sum, and enable the company to move onto new exploration. In addition it would still have the income from Kiz and maybe Tavsan.

[bigglesbingham] 17/5/2020 12:08

The drilling results the new partner got were the same if not better that those we had obtained. This has been a stated fact. So they are just looking at legal paperwork

[bigglesbingham] 17/5/2020 12:02

Another point once deal is sent to shareholders for ratification the shareprice would got to 5-6p possibly more. $30m equates to 2.5p a share and sure 23.5% of all our assets in JV worth more than £35m or 3.5p. Once the shareprice goes to 6p no one is going to risk going against the deal in fear of share price dropping back so think discussing deal is a bit of a mute point , it is what it is.

[bigglesbingham] 17/5/2020 11:46

Plas was a long term investor. There is a video you can google showing the hot maden story through the eyes of sandstorm which is very interesting. It shows how the my tracked it from the start!

[bigglesbingham] 17/5/2020 11:45

The amount of work required to sure up just Salinbas is immense and I've stated many times my view. One other point here is that there are many sites closer to Hot madon which we would never be able to fund on our own. If one or two of those stuck gold then they may put salinbas to shame and I feel this is a significant factor in the potential deal. Overall question is very simple: 23.5% of a bigger pie plus $30m or a very lucrative gold mine/e utilising vast amounts to sure up the prospectively of a very good asset. A prudent business model would diversify and this route would get some money back to shareholders much quicker. In addition the $25m would be developing assets outside the JV procea would be running the JV therefore essentially 23.5% royalties on everything within the new JV. I realise simplistic but has to be because we dint have the detail.

[temujiin] 17/5/2020 10:47

Mariana sold its 30% stake in Hod Maden for $175m afaik. Do we have any ex Mariana posters here who know the details of

1. How long it took to explore HM before sale
2. How much they spent on exploration
3. Did they start off with 100% and gradually reduce %

Cheers

[thanksamillion] 17/5/2020 10:06

rjw

I can see why the construction company would not be comfortable with the option you suggest, but will save further comment till/if the deal is announced.

[rjwoodrjwood] 17/5/2020 09:53

In the current gold market, there may be an argument for an outright sale of the Salinbas (and associated) licenses, Kerim would do great things with the £30m that would be raised from the proposed 3 way JV, but alternatively, we could retain our 51% of the highly profitable RR, and have a major cash injection to invest elsewhere. There are lots of models for the valuation of Gold 'in the ground' but it is clear that (for around 1.2m oz plus upside) there would be a very substantial sum that would change hands! As I have posted previously, I believe we have a very bright future in any of the scenarios, but i would hope the company makes good use of the current gold market movements to maximize the benefits.

[mad foetus] 17/5/2020 09:22

Whatever deal we are striking must surely depend upon the information available. It's now 7 months since the outline was agreed and I am sure if the price of gold had collapsed and/or our recent exploration had been disappointing the JV partner would have negotiated new terms. So I would be very disappointed if terms are not being tweaked as the picture becomes clearer. The cost of developing a gold mine hasn't changed over the last 7 months: the value of the average gold mine has.

[mwainw1973] 17/5/2020 08:47

Chart view anyone?