Ariana Resources Share Discussion Threads

[shortarm] 30/6/2020 07:47

Or lunchtime again?

[kirbs4] 30/6/2020 07:42

So i guess tomorrow it is!

[mad foetus] 30/6/2020 07:05

TBH I don't think Turkey is the easiest country to do business in. Can be lots of reasons for delays, I have no doubt that palms need to be greased and I suspect AAU are well aware that they want to keep out of that side of things. I'm not sure the JV hasn't turned into a huge diversion though.

[lottsgold] 29/6/2020 18:57

I'm not even sure we will hear anything tomorrow? We heard on the 1st last time. Clearly another extension, hopefully because we are pushing for a strong position when it comes to decision making. Could still go either way but i think we will know soon. Kerim won't want the situation to drag on I'm sure he's as frustrated as us. Covid won't be an excuse for another 2 month delay.

[kirbs4] 29/6/2020 18:55

Mishandled maybe strong. I am referring to leaving delay rns to the last minute that clearly could've been communicated earlier, alongside no ongoing updates/explanation of delays.

[plasybryn] 29/6/2020 18:03

How has the communication been mishandled?

[kirbs4] 29/6/2020 16:40

Agree, good place to be imo but comms been mishandled recently.

[jaf1948] 29/6/2020 16:37

Kirbs4,

June 11th 2014 was my first buy.

To be honest, I only had a few hundred thousand then so I put them away and hardly thought about them. I did follow some on the ups and downs but hardly ever read the bulletin boards, but overall thought, and still think, that this is a very good AIM company. So I have been surprised recently at the poor communications.

[dixi] 29/6/2020 16:35

Well, presumably, the worst is that AAU continue alone as a very profitable venture with excellent prospects and maybe JV Salinbas at some point in the future. So we don't get a chunk of cash and a possible special divi, but then some didn't like the JV split from the outset.

[1candc] 29/6/2020 16:33

Selling on the eve of the expected RNS re the proposed JV is a risky strategy

[kirbs4] 29/6/2020 16:32

How long have you been on board JAF?This was something of a bone of contention until a couple of years ago. They were really not very good at managing comms and selling the company. Posters like soulsauce and myself were certainly vocal about that in the past, soul i think even sold up at one stage.That isnt to say we were right, was just our opinion at the time. Other posters like biggles have maintained unwavering faith and ultimately been right to do so up to now.They have been much better in recent years, would be a shame to see some of the old lessons forgotten and have them taint what could be a crowning moment in the story. Cant forget the covid situation, but i agree there is no excuse for not keeping people posted on reason for delays, they dont have to release sensitive information to do that.

[jaf1948] 29/6/2020 16:22

Whatever the outcome tomorrow, this is the first time I can remember Kerim playing the hand badly. Without giving away any secrets about the deal, he could have given some updates (we are delayed because the lawyers can't get together, we are delayed on matters of minority rights etc) during the past months. With a total absence of news, you cannot blame people for thinking the worst.

[kirbs4] 29/6/2020 16:16

As positive as i may be personally about the prospects here, it is hardly a surprise that there has been a dip in share price today, one day until the end of the 6th month of MOU delay and no update, delayed results, plenty of short term opportunity elsewhere. Lets just hope they don't extend the MOU delay to 8 or 9 months tomorrow which some are clearly expecting.

[soulsauce] 29/6/2020 16:16

It would be a poor show to wait until tomorrow if it wasn't going to happen as surely would have been known for a while. The worst I can see is another delay but there has to be some more meat on the bones for investors.

[dixi] 29/6/2020 16:08

I think it is down due to selling by investors who are simply fed up/concerned with waiting. We don't even know who the JV partner is yet - so I doubt anything else is know by the 'market' at this juncture.

[bigglesbingham] 29/6/2020 16:06

The fall is a few small sellers bottling it. They may be right may be wrong but over long term dint really care.

[bigglesbingham] 29/6/2020 16:05

Well i could only get 125000 at 3.8 so stock tightly held .

[red imp] 29/6/2020 16:03

Down 7.5% on the day. Does the market know something we don't?

I'm starting to get a little nervous about tomorrow.

[jaf1948] 29/6/2020 14:12

actonovator,

You're probably right but it still takes some management time and effort to put an RNS together.

[actonovator] 29/6/2020 13:26

my understanding is most companies pay a flat fee and can issue as many RNS as they like

[kirbs4] 29/6/2020 13:20

I agree with you dixi, and i wont be selling, but i do think it would be reason for a sell off should the MOU be delayed for three months. That would be 9 months late, but more importantly with the volatolity around at the moment howuch would peoples money be worth after that three month waiting game if invested elsewhere is the question... I actually hope the fact there is still no mention of an MOU delay means that is still plabned to be finalised, i understand them needing to delay results, but they've already delayed the MOU.

[jaf1948] 29/6/2020 13:18

But if there is going to be a delay in MoU announcement, why not put it in the same RNS and save money if nothing else !

[dixi] 29/6/2020 13:08

In view of the explanation regarding the delay with the results, it would seem likely the same scenario will apply to the MoU.

I think that AAU could have been more timely with this, but then it does not equate to a reason for a sell-off either.

[claretandbluedave] 29/6/2020 13:06

Well there we have it. Extension for end of year results, and no news of our MOU.
Lets see what the market thinks of this now.

[dixi] 29/6/2020 13:05

Re the just announced delay with the results - I think that is fair enough and we are now in the picture in that respect.