Member Info for johnpwh

Fab. Wake up to find another really healthy rise in my gold mining share that has just dual listed on ASX!

Yes Greatland Gold is worth its place in my investments.

Lets have a look at Ariana Resources. Ah, ok, usual crap.

Gold up, all but one gold producers. up, the one run by business half wits down

My takeouts from this

The SP drop maybe explained by the drop in final divi from 12p to 8p,while this means an unchanged full years dividend. Maybe there were hopes of 4p interim 12p full pattern going forward?

These results only reflects a part year since idiot Reeves minimum wage/ increased employers NI rates became effective at the start of April

The years of rapid expansion seem well behind us, the interesting table from 1984 shows this is a 'mature' business. I dont read anything into the reduction of the estate, in some ways I welcome it as after frantic expansion they closed underperformers which is no great loss. Growth now seems to be pinned on transport hubs and franchising so is maybe going to be less rapid.

The model can certainly be refined and improved with further underperforming pubs shut where leasehold.

Focus need to be put on the promotion of the hotels especially if not using agencies. Think good value pub and pub food and you get Wetherspoons. Think cheap overnight accomodation in the UK and you get Travelodge, IBIS and Premier Inn. Linking Wetherspoons to cheaper, quality basic accomodation has to be forged into the consciousness to utilise the space available in many of the large buildings in the estate but without expensive promotion beyond an initial drive to get the message out. What proportion of the population, or customers, even know about the Hotels, why are they not promoted better within the literature in the pubs ?

Hi

Yes, just looked over there. Also noticed Backmarkers comment 'Too many irons and not enough fire' which I have said for years. And Steve Binghams attitude that aligns pretty much with what we are saying.

These underdeveloped projects weigh heavy, even if not in focus they consume management effort and some cost in capital tied up, maintenance of licences etc. Now I will chuck in another, I admit totally unsupported, opinion here - I have suspected for some time that there may have been a realisation that Salinbas may not be viable due to the terrain and thus complexity and cost, though as PoG accelerates towards $4000 it may in time become so.

Lost count of the times I have moaned that Sener demands a new toy to play with and he loses interest in the rest of the toybox. He seriously need to grow up, I have been accused so many times of being negative and miserable in the past 6 years since the revised JV. I genuinely wish I have been -proved wrong, but it gives me no joy to say that is not the case.

I do note growing calls on the ADVFN board for a takeover, and depending on Andrew du Toit and Nick Grahams attitude to what is happening that may happen. De Villiers and Sener dont hold that great a percentage of shares any more so the fate of this company really is no longer in their control the way it once was. The longer PoG and PoS climbs with a dormant SP the more likely a bid looks. Something has to give.

Interesting to see in the latest presentation that if you search for the word Rockover you wont find it. And Du Toit/ Graham are not credited with Dokwe at all, only that they have experience in Zimbabwe. Its like credit is being grabbed away, but I may be reading too much in there.

Sener reminds me of Starmer, he is ignoring the reality of the opinion polls while trumpeting largely fictitious achievements!

Over 6% down on ASX this morning on top of yesterday, despite a rise in the PoG of $100 in 2 days at the time of closing this morning in Australia.

So how well is the ASX listing working Sener? It is not generating interest in Australia, all it is doing is driving a rush to the bottom between the 2 markets.

The closing price of AUS$ 0.295. By my calculation that equates to 1.445p, so it hard to see why this hasn't sunk today already more than it has (1.567 to buy 100k at the moment).

Stop bloody drilling immediately and conserve the cash just raised. Finish the DFS based on drilling to date and get a JV agreed in Zimbabwe, or sell that asset based on teh DFS or put the whole of AAU us for sale.

If nothing else change the management, De Villiers and Sener are not businessmen, the markets have zero confidence in them to deliver, they have to be ousted. With the equity issues to Rockover shareholders, and the equity just raised on ASX their own influence in votes has now been depleted. Get new management in that ASX and AIM will have some confidence in.

We cannot carry on supporting this management, I doubt they could run a corner shop.

Couldn't agree more. Charting helps take human behaviour out of investing (things like FOMO etc) but when a shares future, or lack of, is based on fundamentals and actual events then it is as useful as a chocolate teapot.

Any value left here is going to creditors and managers wages and pension arrangements.

Hi Van

At least as bad was that AIM shareholders support via a yes/ no vote for Dokwe was solicited on the back of 'promises' of the DFS in 2016 and production in 3 years. In todays RNS they state due diligence work was in 2023. How does that add up when we are the the tail end of 2025? So a share holder vote and, as you say, ASX listing carried out on the back of (lets be honest) lies.

Over promise. Under deliver.

As I said the other day, I do not have any confidence in the De Villiers/ Sener combination delivering on the current assets. I am not just sitting round any more thinking things will change because they wont, you and I would be chewing the cud in another 10 years at this rate having just watched Sener saying its been a busy year and he is about to drill some holes.

I want a change of Chairman/ CEO (like they did at GGP for instance) or a takeover - I know a takeover wont give us the return we once wanted, took for granted even, but it will be a long way north of 1.6p. Sorry, 1.59p, I just looked before pressing go.

Can't be good for your ego when, at market opening, the shares in the company in which you are CEO go up by 3% because of an RNS announcing your departure.

.......but at least Salinbas, once the company maker and subject of much activity with Seners Black and Dekker was mentioned!!

Ok it was only once and in a side note about the JV structure.

Nothing here really that we didn't already know or suspect.

Wonder if Ariana is the only producing Gold/Silver miner whose share price dipped first thing on the day that PoG exceeded $3800 for the first time?

They have one day before they miss the latest deadline for Tavsan production from the heap leach pads, I won't hold my breath. How many deadlines is that missed over how many years I wonder?

The next thing I expect is an video interview with a smiling Sener so he can tell himself how well he has done. No one's listening anymore Kerim.

Hi DJ

Just looked in after Match of the Day (don't know if you remember that from your days this side of the pond).

Its hard to take any presentations on Proactive or other channels very seriously since they never probe contentious issues, the questions that some of us shareholders really want to be honestly answered. I'd go as far as to say I'm sure questions are approved and very probably scripted by Ariana well before the recording begins, to get messages over they want and damn the rest of us.

The interviewers always give me the impression of crawling sycophants who are just after repeat business to earn a few more $, which of course is more than the shareholders in AAU ever do.

I do respect your posts Stranger, because you clearly do your research.

The thing is myself, and I suspect Van but I cant speak with any certainty on his behalf, have seen this company story unravel for far too long to share your views 100%.

Every AAU strategy appears plausible at the time they are published, every single one we have ever heard. But they are never carried through. There was lots and lots about Salinbas a decade ago, RNS after RNS, about how the deposits in Western Turkey were going to be exploited primarily to develop Salinbas in the East, because Salinbas was it, the big fromage, the company maker. Anyone doing research at the moment with a view to having a bit of a dabble in AAU would be forgiven for thinking 'what is this Salinbas that this ranting idiot johnpwh keeps going on about, has he got it mixed up with another company?'. Nope, I haven't.

I have no doubt 2019 was the high spot in my association with AAU. The first plant had been built, had been up and running 2 years, the loan to build it due (I think) to be paid off within months. Proccea and AAU owned the JV 50:50, money was about to flow big time. Tavsan with its 300,000 ounces of gold (work 50% of that out in AAUs hands and weep) could then be developed from Kiziltepe profits in exactly the same way that it very, very slowly has been since. Except that 53% of the project, therefore 53% of the revenue and 53% of the control was gifted to some mob called Ozaltin for a pittance. I was pretty much alone, and vocal, in disagreeing, Emailed Sener directly about it, voted against it but to no avail. The BoD recommended it and it was carried by shareholder vote, partly due to the promise of one off dividend payments that ultimately proved too big and too premature when AAU's new masters Ozlatin turned off the financial taps from Zenit and starved AAU of cash to the point that it had to sell dilutive shares at bargain basement prices to survive. And this is what started the last 6 years of misery. Make no mistake the Board of Directors, primarily De Villiers and Sener are the cause of this.

I cannot sign up to yet another apparently plausible strategy. When this drilling campaign is done then another one will be justified, saying it is needed to firm up before inclusion in the DFS. Then another. Then another. Then it will be 2027 or 2028 and they will be short of cash again, and more huge dilution.

I do not think Dokwe can stay 100% owned, nor should it. We need a JV there retaining 51% and free carry to production. Either that or admit this BoD is clueless and unable to exploit the assets it has and sell this company before we look round in another 10 years and find we are no further forward or that ultimately the company collapsed into administration. The SP is unchanged in 9.5 years. PoG has TREBLED in the same period - and if it hadn't trebled I suspect that AAU would already have gone the same way as so many other AIM companies.

Van

This company needs new management. Its not jam tomorrow anymore, its jam next decade.

I will vote against De Villiers as Chairman in future (as I already have in the past) but also against Sener remaining as CEO. The job is beyond him and I believe with its assets as they are now Ariana and its shareholders would potentially be better off without him.

He is unable or unwilling to exploit the company assets in a timely manner, which has now been proved countless times.

Last thought. Who would support a takeover approach here at, say, 3.5p? Apart from me that is.

That's truly excellent.

Our superstar CEO releases a video saying (bit of a precis from memory here as I really can't be bothered to re-watch) that Australians much prefer companies into exploration to expand the resource as much as possible rather than rush it into production in the shortest time.

And the shares lose over 7% on ASX.

Seems he knows his Australian shareholders as much as he does his British ones.

Delay, delay, delay. delay...........

Stop bloody drilling.

Well just watched it and sure as eggs is eggs my post of the 16th September has come true. Well what a surprise.

Significant delay in the Dokwe FS because Sener has got some money burning a hole in his pocket and he wants to drill more holes - not just NE of Dokwe North but now he is also by the sound of it wanting to drill Dokwe central. He even admits to being a kid in a sweet shop. He is not a kid, he is an adult now who is proving to be a good geologist but a very poor CEO of a company listed on 2 stock exchanges.

We as shareholders had to vote on the Rockhopper deal. We voted for based on promises of a rapid FS and an estimate of 3 years to first pour in Zimbabwe. In that respect we were lied to to get our votes for the go ahead for Dokwe. From the horses mouth we know that we will be lucky to get the FS before 2027, so the 3 years will be up before reaching even FS stage, let alone production. Some people here don't like what I say, I accept that, but who here would actually bet that gold production from Dokwe will be seen before the end of 2030 at the very earliest? I think it will be even later than that based on company history.

The line has to be drawn somewhere. We have 1.1 million ounces, more if the PoG of say $3250 is used to allow a lower cut off grade. Stop bloody drilling and get a FS out and a mine developed. Then continue exploring when you have a revenue generating mine just like happened at Kiziltepe. Otherwise next thing you know he will have torn through the ASX raise, there will be another cash crisis and there will be more dilution. So predictable.

Hope you've got age on your side X4

No RNS likely now this week, so nothing since 16th. SP back on the slide.

There is one thing that you can be sure of with this company. Delay. Followed by delay. And just to be sure a few more days on top as you cant be too careful.

Production from heap leach 'imminent'. After countless delays previously. How imminent is imminent? I guess in Seners world it is sometime in the next 3 months, unless they get weather of any description in Turkey, or the wrong type of leaves on the leach pads in which case its next year.

Overpromise and underdeliver, oops sorry underpromise and overdeliver. I must stay on message.

Excellent, more green green posts to enjoy. No one minds people being critical, at least I don't. But when someone has nothing to say but makes a sweeping statement based on what I suspect is sod all knowledge on the subject then they get filtered. Kindly filter me in return.

Wish I could delete that post! I just looked at deals I made on 10th September and 11th September. The deal on the 10th didn't have SD added but the one on the 11th did. Didn't notice at the time. My point about Greatland Gold still being SD free is relevant though. Why did AAU decide to do the ASX listing the way they did. If they had a single equity class quoted on both markets the Australian could buy the same shares in either market and would surely have made them more marketable.