Ariana Resources Share Discussion Threads

[lottsgold] 23/6/2020 12:06

I think Soul is right read the MOU RNS. 50million spilt and 5million to us for Salibas as it 100% owned.

[shortarm] 23/6/2020 12:05

Nope, it's 25 mil to AAU and five mil for Salinbas. Then a further 8 mil on Salinbas to be matched by Proccea in expertise....You should buy more right?

[konil] 23/6/2020 11:49

soul, yes $30m, but is it not $15m to aau and $15m to proccea?

or is it $12.5m to aau, $12.5m to proccea and $5m towards salinbas?

[shortarm] 23/6/2020 11:07

How does a million go through at 4p?

[soulsauce] 23/6/2020 10:30

Pranchalee true.

Actonovator thanks for that, on top of the awesome spending power we will already have 👍

[actonovator] 23/6/2020 10:24

So in Lira we are already receiving 20% extra for the deal

[actonovator] 23/6/2020 10:21

The effects of currency changes can be hard to assess but I believe the the Lira has decreased by about 20% against the dollar since the deal was announced in Nov. So I guess the deal is already costing the Lira-denominated (?) Acquirer a similar amount extra? Conversely , this will be beneficial to any spending AAU makes on drilling/exploration in Turkey?

[pranchalee] 23/6/2020 10:15

Seriously nobody has a clue at the minute what’s happening and in turn that’s reflected in share price

[soulsauce] 23/6/2020 10:07

No konil it's actually $25 plus $5m towards Salinbas.

[drh3] 23/6/2020 09:57

Whatever happens (JV) the high gold price and low oil price mixed in with government fiscal uncertainty puts the company in a great place.

[konil] 23/6/2020 09:06

if i am correct in thinking a deal will bring in $15m to aau, then maybe there will be 2 elements to a spike - permanent and temporary, such that any pullback will stop at a higher level from where we are today.

the cash alone is worth c.1p. then the release from limbo the share price has been in recently (presumably due to uncertainty around deal completion) and catchup perhaps another 0.25p. then the market's evaluation of the benefits of the jv in expectation of faster progress at salinbas etc. perhaps another 0.25p, so total 1.5p - i see this as the permanent bit of the spike. anything above this maybe the temporary bit.

could we see it spike say 50% or more and pull back to 5.5p. am i being too optimistic?

'no deal' may cause damage through disappointment, but hopefully temporary.

just sticking my neck out and probably making a fool of myself.

[kaos3] 23/6/2020 08:55

my view - Kerim still in Australia - it will be delayed again.
specially when final results are delayed as well.

as I am a microbe size investor I acted.
normal position size investors can not move so fast.

fair price atm worth investing in atm imho

[kirbs4] 23/6/2020 08:51

I would prefer the deal to go ahead but it is not the making of the company, having no deal would just significantly delay the company reaching where imo it will get to regardless. I also think with the cash Kerim would hit the jackpot elsewhere but that is pure speculation.The only thing i am really passionate about is the timelines and i really hope they do not delay again. Another 2 month delay would be 8 months late, i know covid has hit us all unexpectedly but 8 months? You would have to start wondering how seriously the parties involved were as i am confident that despite covid related delays 6 months is more than enough to get something through if you are pushing. Just my view of course.

[bigglesbingham] 23/6/2020 08:50

My view too however I feel current share price is justified on current assets and income generation .

[soulsauce] 23/6/2020 08:40

My reason for wanting the deal done is not to see a large spike, although that may happen it may be short lived while the details sink in.
My reason is that if this company is to advance all it's projects at a better pace and take advantage of the copper market then I think this deal needs to conclude and the quicker the better.

[bigglesbingham] 23/6/2020 08:32

I've considered this point but if it does happen there will be plenty of reasons to stay, dividend strength of new partner and its connections. Etc suppose accounts are delayed through disruption of Covid 19 and travel restrictions. As to deal think it's a coin toss as to whether we are delayed further.

[thanksamillion] 23/6/2020 08:27

Too much focus on seeing the deal done on here.

I am not sure I want to see a sudden large spike and have to think about offloading a large chunk in the expectation of a fallback. Much rather see a steady rise over 5 years and regular dividends arriving.

This is one for the long term.

[kaos3] 23/6/2020 07:51

management did not presented me project financing optionality and its results: JV dillution vs equity (at higher SP) and bonds mix dillution. did they and I missed it?

[kirbs4] 23/6/2020 07:50

Do agree with the comment around this one having a feeling of drifting at the moment. So much in the pipeline but still no results and no update on MOU, do also wonder they took it right to the wire to announce an MOU extension to end June when clearly they were a long way off and could've announced much quicker imo. Hopefully this time taking it to the wire is for a good reason!

[soulsauce] 23/6/2020 07:27

Don't see it like that myself 8rad.

[8rad] 23/6/2020 07:08

Well by selling off 53% of Red Rabbit all we are doing basically is fundraising for the new jv partner....might as well fundraise ourselves.There is a strong argument to keep Salinbas as a totally separate entity of course.But as I said before I don't think any of this will happen unfortunately.

[pharmoutcomeszzz] 22/6/2020 22:49

Spot on Soul

[soulsauce] 22/6/2020 22:12

We don't want to be fundraising 8rad or spending years trying to prove Salinbas up.
Copper is going to be where it's at and the JV kicks that on massively.

[8rad] 22/6/2020 21:29

Soul....fundraising for Cyprus or anywhere else for that matter is no real problem from here going forward.

[soulsauce] 22/6/2020 20:31

The JV not going through also scuppers any quick progress in Cyprus. I think it would be very advantageous for Ariana to stamp it's mark in the copper arena in Cyprus as soon as.