Ariana Resources Share Discussion Threads

[dixi] 23/6/2020 14:47

C'mon Kerim, hurry up and make your shareholders happy!!

[rumpus1] 23/6/2020 13:44

Tested 1760 3x in last 24hrs now. Be interesting to see if we can break it now. Think if the US let's it through it'll fly up to 1790.

[soulsauce] 23/6/2020 13:31

I am not going to make that call CSSF lol. I am sure the Yanks will be ready with a smack down, although they do look to be running out of steam 🤞

[crossfirecssf] 23/6/2020 13:25

Gold may well be $1800 by the weekend. You surely concur Soulsauce? ;o)

[jaf1948] 23/6/2020 12:44

Ariana to date have always appeared professional and in control of the situation. If the deal needs more time, it would look IMO very amateurish to wait yet again until the very end of the month to announce an extension. They must know by now, on June 23rd, whether or not a decision can be announced by June 30th.

[thanksamillion] 23/6/2020 12:35

If the Lira has depreciated by 20% against the Dollar how will that affect the thinking of our potential new partner? They will be paying 25% more Lira to buy in unless they hedged when the DD was announced.

[soulsauce] 23/6/2020 12:29

Quite right Shortarm. $50m split between us and Proccea plus the other bits re Salinbas.

[renniks2016] 23/6/2020 12:15

Just to help refresh the minds! Proposed Partner will acquire 53% of Zenit, which will, at the appropriate time, absorb Greater Pontides, such that on the successful completion of the earn-in on Salinbas by the Proposed Partner, Ariana will:1. hold 23.5% of Zenit which will hold the Kiziltepe Mine, associated exploration and development properties and the Salinbas Project; 2. be free-carried on further costs associated with the development of the Salinbas Project; 3. be party to a shareholder and joint operating agreement, retaining representation on the Zenit board;4. be responsible for all exploration across the new joint venture, with a reward mechanism of three times the exploration cost for all new projects injected in to the JV in the future; and5. will have received payments totalling US$30 million to reflect the reduction in ownership percentages.The Proposed Partner will ultimately hold 53% of Zenit, with Ariana and Proccea holding 23.5% each.It is the current intention of the Board to consider distributing part of this sum as a special dividend to shareholders, once the mechanics for doing so are established.

[renniks2016] 23/6/2020 12:07

A buy On exchange, if it were a sell it would be 3.85, just put an order in myself for 500k on exchange @ 4 - no takers as yet.

[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.