My post on ADVFN23 Feb 2019 10:18
Developing my thinking John
Just thinking outside the box for a moment, I try and put myself in the Board's shoes. Bear with me.
Their No.1 priority is probably to ensure that Ariana stays independent at all costs and for as long as possible. If it is to be swallowed up, they don't want that to happen too early in the asset discovery process. That isn't in the interest of anyone.
So lets say that Kerim thinks he is sitting on something big at Salinbas which he has cleverly managed to acquire 100% off, he doesn't want to go off half cock and see it monetised before he has had the chance to prove its true value.
So given that, would you be trying to squeeze every last bit of value out of the Co. at this point when drilling is so close? Would you be banging the drum for P.G. to bring in Institutional Investors who will want large tranches of shares at who knows what price?
No,I think you would just try to keep the lid on Pandora's box for as long as possible.
I think the Board have played a blinder, just enough flow of news to keep private investors interested and as a result a nice controlled tick up in the Market Capitalisation. I bet they really want a second ball mill at Kiziltepe and would love to accelerate Tavsan, but all these things need to be managed imo in light of the timing of Salinbas. This smells like Marina Resources to me which I had the joy of being part off. Once the wider market smells the coffee there won't be much they can do to keep the lid on the box, so steady as she goes right now is perfect.
Even if Salinbas doesn't prove to be as big as we hope for, there is still plenty of pent up value to come. Expanding the Kiziltepe Resource and Life of Mine, increasing production with a second Ball Mill, more than doubling production with Tavsan and being debt free. This is one to stay with and accumulate shares as funds allow imo
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