Ariana Resources Share Discussion Threads

[rumpus1] 30/6/2020 15:47

For my penny's worth, I think I'm with Crossfire on this, Biggles. I'd rather a small piece of bad news then the good. Once the good news is out the price will peak then drop, I'd rather that it wasn't encouraged on the way down. People will always remember the last piece of news, so better to leave a pleasant taste in the mouth and let the share price go down a bit rather than tank. Also, if we want new people to come in and the last piece of news on the RNS feed is a delay on the accts, I'd say that also doesn't look good. Let's hope tomorrow brings something cheerful.
On another note, looks like gold is breaking out. The US open looked like the usual attempt to push it down but it is now at 1777. If the Alasdair Maclean interview (that someone posted on here the other day) is anything to go by, when the US market closes today, we need to be over 1772 to close on a high for the quarter, and given the current short positions in the market due to close we should get a rocket lit under the chart. Fingers crossed.

[thanksamillion] 30/6/2020 14:48

I regularly include sporadic Anglo Saxon/Fresian vocabulary (amongst friends or .. enemies) in my pronouncements. Seems Balkan and Saxon/Fresian have a common history.

[kaos3] 30/6/2020 14:40

full respect to tem - he is a man of his word btw

[kaos3] 30/6/2020 14:39

not commenting on JV I assume JV will go ahead soon - or it is a major flop.
timeline 1 week

in my balkan language they would be saying - I dont give a f .... about ....

[xow98] 30/6/2020 14:12

Two months should be sufficient for the below, unless AAU have pushed for much better terms given the current gold price and additional reserves.

1. This will enable the Parties to evaluate the proposed new Joint Venture ("JV") and the draft legal agreements detailing the specific terms of the JV.

2. This provides additional time to enable an "even more thorough" review by the Parties and coincides with significant new project developments, including the revised Resource Estimate for Kiziltepe, announced last week, and revisions to our resource for Tavsan which remains work in progress.

Implies that there was a already a thorough review prior to the extension, so shouldn't need any further extension.

Not extending and opening up the process to additional parties (assuming there are some) shouldn't kill the deal, merely apply more pressure on the parties to conclude the deal.

[plasybryn] 30/6/2020 14:01

JeremyNaylor discusses gold fundamentals with John Mayer. share price Angel.AAU chart mentioned.Watch here: youtu.be/lszustZe7_U

[crossfirecssf] 30/6/2020 13:56

Additionally, I think that the other party were given an extension until close of play today to assess. Was there mention that AAU would release to the market the result of that assessment by close of play today? Two different things.

[jaf1948] 30/6/2020 13:29

I didn't say they had missed this one ! We're all happy to comment on things Ariana does well but the handling of this whole MoU, especially since Covid, has not been one of their better plays IMO.

[plasybryn] 30/6/2020 13:25

The MoU extension was to close of play on 30th June. The Co. hasn't missed it's stated extension date as yet. Stay calm.

[jaf1948] 30/6/2020 13:18

It's a slippery slope when a company starts taking its shareholders for granted. Setting its own deadlines then extending them when they are not met is not what I expected from a professional outfit that previously Ariana has shown itself to be.

[bigglesbingham] 30/6/2020 12:31

I thought that but disagree with strategy, a positive deal outcome with give a big percentage increase. I would rather a big percentage increase on a higher starting value. Yesterday price dropped expectedly cos of accounts delay news. No one would give a Toss about accounts if it came after the deal announcement. So if this was their strategy I don't agree will it.

[crossfirecssf] 30/6/2020 12:22

Just a thought. There has been no bad news from this company for as long as I can remember. Under promise and over deliver has been the general M.O.

Travel restrictions causing a delay in completion of audit is obviously out-with their control and therefore fair and square.

But the JV is a different matter. There's a lot of doubt creeping in among posters, but consider this as a possible scenario...

Yesterdays RNS is small change and so release in advance and have it processed and shoved to the back of holders minds.

The following day or possibly one or two days later, knock it out of the park with an RNS confirming the JV, a one-off dividend and detailed plans outlined for the next few years of development. It certainly wouldn't be going against the grain of Kerim's style of management, notwithstanding the counter party risk. I'd say the odds are still just about in our favour given the balance of probabilities and past performance.

tick, tock, tick, tock...

[risa5] 30/6/2020 11:59

This is shorter !

[backmarker] 30/6/2020 10:46

I presume they will need to say something about the JV today ...????

since everyone else is speculating, I think the delays are down to the mystery partner, and I have a message for them....



crikey, that's a long link

[bigglesbingham] 30/6/2020 10:36

Incidentally he thinks he gave me AAU bc as a tip and he didn't this was my oen research but we have a bit of banter about it.

[bigglesbingham] 30/6/2020 10:35

My personal broker at Tilney is the chap who runs the Midas funds. Known him for 10 years so he definitely knows about AAU but he sticks with collectives

[1candc] 30/6/2020 09:23

Seems so, quick google trawl =

Tilney Group has finalised the deal to buy Midas Investment Management's entire book of assets.

I don't know whether that encompasses the Midas fund itself

[bigglesbingham] 30/6/2020 09:19

Are Midas funds within Tilney now?

[1candc] 30/6/2020 08:25

If anyone recalls I wrote to the Midas fund to blow the trumpet for Ariana and I got a reply yesterday which while it does not mean they researched the company in any way it does mean that they at least got to hear about the company in some small way

'Thank you for your suggestion. While we do not typically comment as to the matters noted in your email, we appreciate your correspondence. For more information concerning the Midas Funds, we invite you to visit hxxps://midasfunds.com/ and to view the Midas Funds’ most recent annual report.'

Sincerely,

Midas Funds

[plasybryn] 30/6/2020 07:51

How about updating your chart? Might be best to wait for the MoU update though, as that could be influential from a technical perspective.

[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.