Ariana Resources Share Discussion Threads

[pharmoutcomeszzz] 08/7/2020 21:56

Temujiin: Please continue your well developed thoughts and concerns. I find your posts a bit like watching the 10 o’clock news: you know it’s going to be uncomfortable watching but you need to Keep fully informed. The direction gold is going in certainly makes your argument stronger by the day. I still believe the new JV is the way to go simply because it will quicken the pace of progress of the Company and also, as a risk taker, I like the idea of finding out the exciting plans KS has in store and the opportunity for exponential growth where without the JV it will be more of a ‘steady eddy’ drab incline.

[temujiin] 08/7/2020 21:54

I trust he has a very good home for that money. We know one is Cyprus but I am sure there will be at least one more.
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I'm sure he has got plans for that money, but however you cut it, Kerim is selling 52% of AAU's profits, for $25m upfront.

Kizil at just 10k oz this year at POG $1800 gives AAU $12m gross profit, and will again next year, then Tasvan will double that to $24m gross profit a year, and again the next year and the next year. It's being sold for a one off, $25m!

His 'very good home' needs to be amazing to better what we have, and as an equal partner!

[soulsauce] 08/7/2020 21:44

Yes I did and I vastly reduced my position as consequence of that and the political instability.
It is a much different company now. Kerims abilities are in geology and finding resources to mine at great profit. I trust he has a very good home for that money. We know one is Cyprus but I am sure there will be at least one more.

[temujiin] 08/7/2020 21:32

Like I say you trust Kerim to do what is best or you don't, it is that simple. It really is.
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Well a couple of years ago you missed no opportunity to slag Kerim/AAU off for equity fund raising to finish the mine, now you speak as if he's the messiah, can do no wrong and have abandon all responsibility for AAU's direction of travel. Thanks for clarifying.

I'll still question the JV relational until I see a good reason why it's better than owning 50% of a couple of mines producing 50k oz a year with POG at $1800 oz.

[pedr01] 08/7/2020 21:23

23123:- Might be a bit simplistic, a small dividend 10x cover would extend a 10 year timeframe to 11 years AND reward LTHs. Longer timeframes pro-rata.

No-brainer IMV. All IMHO.

[soulsauce] 08/7/2020 21:23

Tem as I am not privy to what Kerim has in mind it is impossible to answer that. If gold gets to a level where Kerim thinks it is not in shareholders interests I am sure he will pull the plug or work out a new deal.
Like I say you trust Kerim to do what is best or you don't, it is that simple. It really is.

[temujiin] 08/7/2020 21:17

soulsauce
So you have 100k invested but don't trust Kerim that this is a good deal for shareholders. Strange.
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I think not doing the deal for $25m is a 'Better' deal for SH's. POG is $300/oz up since the MOU.

Tell me SS, at what point does POG need to be before you think it's a poor deal?

[temujiin] 08/7/2020 21:13

bigglesbingham8
Bottom line is only people who have all the facts are the ones who are so keen to do the JV and all we can do is to speculated on incomplete information.
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This is fair comment and KS has done well to get AAU to this enviable position of win-win whichever way the deal goes.

That said without any explanation or good vision why selling half of our share of an incredibly profitable long life mine(s), for a paltry $25m, then I'll question the rational, and not rely solely on 'in Kerim I trust'.

[soulsauce] 08/7/2020 21:12

So you have 100k invested but don't trust Kerim that this is a good deal for shareholders. Strange.

[temujiin] 08/7/2020 21:07

then why are you here?
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SS, I'm here because I have £100k+ invested and AAU imo has a good future either with or without the deal and I'll make my views known about if I think the deal is good or not for AAU shareholders as often as I want. If that's not acceptable for you then filter me or counter argue me. Don't disrespect my posts with yawns because you prefer only to hear happy clappy positives. You are pretty much the least tolerant on this BB for different views!

There are loads here that think it is a good deal, which is fine. I think it isn't the best way forward and doesn't give AAU shareholders best value, especially as POG has risen $300/oz since the MOU announcement.

[bigglesbingham] 08/7/2020 20:58

Bottom line is only people who have all the facts are the ones who are so keen to do the JV and all we can do is to speculated on incomplete information. My choice is to trust those who know all the facts and who have developed the company to here.

[soulsauce] 08/7/2020 20:55

Tem you either trust Kerim at what he says that this is in shareholders interests or you don't and if you don't then why are you here?

Once again you have made your case without knowing what Kerim has in mind for the money and what that may be worth in the short to medium term.
May be Kerim does have something better than what he is selling but diversifying away from 100% Turkey is also a big selling point.

[temujiin] 08/7/2020 20:51

bigglesbingham
If salinbas is half what he expects then this shareprice becomes blue sky. Without deal we get reasonable profits but these will be ploughed into salinas for years so nothing for shareholders over the shorter term.
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Salinbas is as most agree, too big for AAU to develop, though I would argue it's a bit early to be selling 76.5% off for $5m plus approx $15m of investment, and with the profits of Kizil and then Tasvan they would have the cash to dig a little deeper.

However I disagree than the money ploughed into Salinbas would give 'nothing' of value to SH's. Hot Maden shows big discoveries and high grades has high value.

[temujiin] 08/7/2020 20:44

soulsauce8 Jul '20 - 19:24 - 23121 of 23124
0 2 0
Yawn!!
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Oh, sorry, forgot you only like your repeated views on here. YAWN.
Tell me how good it is again, that's such a rare thing to hear, YAWN!!

[charles clore] 08/7/2020 20:35

Some still seem convinced that AAU is a lifestyle company for the benefit of geologists but this deal with a major corporation says it isnt. My instinct has led me to buy more. We will soon find out

[bigglesbingham] 08/7/2020 20:23

If salinbas is half what he expects then this shareprice becomes blue sky. Without deal we get reasonable profits but these will be ploughed into salinas for years so nothing for shareholders over the shorter term. That's it really

[paul280i] 08/7/2020 20:22

I wish people would listen to the interviews and understand the meaning of increased production!

[soulsauce] 08/7/2020 19:24

Yawn!! 🥱😴

[temujiin] 08/7/2020 19:17

Kizil oz's wont increase much more than 30k without higher grades or plant alterations. Tasvan could and should be in production within two years and again funded by debt. 30k oz/year is predicted so probably 35-40k is possible with AAU's under promise ethos.

Add say 22k Kizil plus 33k Tasvan = 55k x (1800POG -650AISC) 1150 = $63m gross a year

$31.5m gross to AAU a year, for (if memory is right) approx 8 years.

Puts the deal into perspective, the deal that pays shareholders $25m to reduce our 50% to 23.5%.

Unless KS can find something better than what he's selling, then the deal isn't in SH's interests.

[lottsgold] 08/7/2020 18:51

I think he is referring to kiziltepe increased production. He inferred a quick increase I don't think that means Salibas.

[plasybryn] 08/7/2020 18:10

KSN & RYR both up c. 16%. I believe Ariana holds shares in both these Co's. Nice

[temujiin] 08/7/2020 17:22

If the deal means we increase production quickly which was inferred in the last interview
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True, KS did suggest that but in reality Salinbas will be many years away from production as it has pretty much all the hoops to jump thru.

Tasvan's 30k can be brought into production quickly, but we don't need the new JV partner for that.

[temujiin] 08/7/2020 17:19

12.5k per year? Really or is it 9k a year now?
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12.5k net to AAU, I'd expect AAU + Proccea to do approx 25k this year

Edit, correction, looking at guidance perhaps 10k net to AAU this year, 20k to JV is more likely than 25k.

[lottsgold] 08/7/2020 17:04

I guess it all depends on how long the gold bull run lasts?? If the deal means we increase production quickly which was inferred in the last interview, we should be aiming to have the same amount of ounces headed our way and the money in the bank. I think that's the plan which wouldn't be possible without the JV partner. Win/Win if it happens that way.

[bigglesbingham] 08/7/2020 17:01

130m 13% company excellent . Over 3months??