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Interesting comments DVH. Personally I've never had any faith in TW's "forecasts". There have been frequent comments from folk generally disappointed with AIM-listed companies. Often " market makers" have been blamed or there is some "elephant in the room" bringing the share price down with huge sums of money until it chooses to move on..
I'm not going to point fingers specifically but I feel that this article (from my brokers) might well offer some cause for thought about AIM. The Australian & Toronto stock exchanges are specifically mentioned for mining but I thought the suggested downturn of AIM (historically) is an "eye opener". To me it supports DYOR and " Buyer Beware" before one leaps therein.
https://www.ii.co.uk/analysis-commentary/future-aim-will-co
Enjoy a Great Weekend, Ya'all. DJ
BRR media interview with Kerim Sener today:
https://www.brrmedia.co.uk/broadcasts/662b8ac2f8692959dffee8da/ariana-resources-merger-with-rockover-holdings/
This does feel like the MM have artificially brought this down to this level. The deal seems to be a very good one and I expect that the share will get a re-rating in due course.
I hear that Tom W has also added to his holding today after talking to the MD about the latest announcement!
Interesting how the 'bigger' trades get delayed before showing on the LSE site. My latest purchase not yet showing....maybe later
Just done a duckduckgo search on Turkish Sovereign Wealth funds and found this little gem.
https://en.wikipedia.org/wiki/Turkey_Wealth_Fund
I notice they invest in big players and former state run companies, however there is a lack of mining in the mix. Who at Ariana is going to representatives of this fund and making them aware of the opportunities in smaller players. Maybe the Turkish Wealth fund could set up a division strictly for helping the smaller players establish themselves within their territory like the Saudi's have with POW?
Looks like I got it a bit wrong with my Saudi comments, as it is finance for exploration within their own territory.
https://www.lse.co.uk/rns/POW/power-arabia-limited-2268364339power-arabia2268364157-update-54fws2zcnsjyxxr.html
However I remember the Oman Sovereign Wealth fund strategically investing in BKY.
https://timesofoman.com/article/116363/Business/Oman-sovereign-wealth-fund-to-invest-120m-in-Berkeley-Energia
I think they had to pay them back as targets had not been hit due to a solitary permitting issue.
https://www.lse.co.uk/rns/BKY/settlement-of-oia-claim-py1l8ov97al8flw.html
However this dual listing in Australia may give us the boost we require and I would consider buying on their exchange to.
I dislike the concept of all these short term hold and churn AIM players. Unfortunately there are not enough investors who buy and hold for the long term anymore.
Another thing that I wonder about when we compare ourselves to POW where Rick Rule has invested and they have gone to the Saudi's why we have not come onto Rick's radar? If we get players like Rick involved and the Sovereign Wealth funds it sends out all the right messages. Who at AAU is responsible for courting these types of 'money'?
Ever since TW 'tipped' an investment in this company (target 4p+ for 'quick' return lol) the share price has gone in reverse. Nobody really knows what is going happen when investing/trading AIM shares.....
Interesting shake up here with Ariana dipping their toes in Zimbabwe. Caledonia Mining have been mining there for a decade or so and regularly pay dividends. As with most small caps in this part of the world valuations will be heavily discounted. With that said Ariana are effectively borrowing £19.4m interest free to gobble up a 1.2 million ounce gold project with two thirds proven reserves which equates to a mine life of more than 10 years using the previously announced PFS calculations. Given the PFS model uses an outdated base gold price of $1,650/oz it's immediately apparent the NPV of $72 million does not reflect the current gold price environment. A conservative jump to $1,950/oz base would probably increase the NPV to around $110 million overnight.
You may be right John, KS is very conservative with his gold figures, but not so good with his mine building timings. I won't hold my breath that the mine will be finished in 5 years, never mind 3. I wanted big news news on Salinbas, but obviously now all efforts are going to be on Zimbabwe, and that's another issue for me, as I still think this country is a massive risk. Looking at the SP today, my date for 3p on the ADVFN site looks promising.
I share his enthusiasm. I am pleased about the dual listing.
The City of London spivs don't care about supporting businesses, all they are interested in is lining their own pockets - but you didn't need me to tell you that.
About a week ago, on the business section of Radio Four's Today programme, the topic under discussion was how the London market under-values stocks. They spoke to a business analyst who said so, and to the boss of a biotech company that de-listed from the AIM and listed in Amsterdam. He said how the AIM didn't value his company fairly. He said that companies like his had moved to other markets and they were valued at 10 times, 20 times or even 50 times what they were in London.
Hopefully a listing elsewhere will see the company valued fairly. However it isn't guaranteed. On the SRB board. someone commented that on the TSX, the CAD$ price was the equivalent of 84p, but in London, SRB was priced at only about 62p or whatever the price was at the time, but it was somewhere in the 60p - 64p range.
It's a hard one Claret. I think today's news could have had a positive effect except that estimates of 3 years have everyone saying 'yes right'. I wasn't too happy about the location originally but a bit of research suggests that Zimbabwe is not the basket case it was under Mugabe. if the resources are as reported, and in fairness AAU usually put a consevative spin on them , then it could be very positive indeed. Unusual.for me to be positive !
Once again, left feeling like KS has't done any favours to the SP with the news this morning. Why is it with KS that every RNS seems to ask more questions than give us answers. When it comes to timelines AAU aren't very consistent, and are instead consistently late, so take the 3 years with a pinch of salt. I like the idea of not having all their eggs in one basket and diversifying from Turkey, but not to Zimbabwe, and surely it would have made sense to get Tavsan up and running first. All in all, not very happy, and looking at the SP, not too many people are.
Well it has now become evident where they have been focusing for the last six months.
I’m looking forward to reading some updated brokers reports.
He turns 67 on May 14 that should narrow it down a lot!
Nobody sharing the MD's enthusiasm?
Dr. Kerim Sener, Managing Director, commented:
'We are thrilled to announce a significant milestone in Ariana's history......'
Hi John. Seeking your further thought on an aviation matter ( since it is not relevant here and I no longer have the same interest in this blog) I contacted Cosford but they were not able to recognize you from the somewhat " guarded" description I had submitted.
Ah Commie Joe, greetings from Athens, so how are the old ‘roids and Mexican airlines?
Cambridge Mineral Resources (CMR) followed a disastrous trail a decade or so but the Company is still going, with one director (Burton). Seemingly it had some link with Atalaya Mining in Spain. However many brokers stopped holding CMR shares and issued certificates of the share holding at that time to all investors. The firm has kinda remained in suspension for a long time, with its registered office moving around the London area, but was never formally liquidated and the remaining director (Mr Burton) announced in December 2023 that he was hopeful that the Company might soon develop its " stalled" interests in Spain. We have much accrued knowledge among our elders on this blog, so does anyone know anything about CMR (or its shares) please?. I have 10,000 shown on my certificate. Regards DJ
I was in SHG for a little amount about eight years ago and made under 10% and forgot all about them. Just been over on their msg board and it does not look a happy place.
It makes me appreciate how well Ariana is actually run with long term objectives and pragmatism. To put things in perspective we have our fingers in many Continents/Jurisdictions, can we consider our model exploration and royalty/streaming?
I’m sure there is more to be found in Turkey in the coming years.
We meet again Noel and dv.
Bought my last certificated AAU in here around 10 yrs. ago or more (similarly with SHG)....I think I paid around a penny for my AAU.....lost plenty with SHG....but made it up ok here at Ariana.
We had a special dividend of 0.7p a couple of years ago from significantly and controversially lowering our JV % ownership share but indeed plenty now going on to start to see some movement in due course.
It sure pays not to have all your eggs in one basket!
GL
I see TW is recommending this stock for 'quick gains' targetting 4p+...
Now it's tomorrow -
12-Apr-24 12:41:04 2.80 200,000 Buy* 2.60 2.80 5,600 O
Hay gnomos, duendes e incluso cerdos voladores.