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Share Name Share Symbol Market Type Share ISIN Share Description
Ariana Resources LSE:AAU London Ordinary Share GB00B085SD50 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.35p 1.30p 1.40p 1.35p 1.35p 1.35p 1,352,327 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 14.2 1.7 0.8 14.20

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Ariana (AAU) Discussions and Chat

Ariana (AAU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-07-24 14:52:311.32200,0002,642.00O
2017-07-24 13:13:001.3220,000264.20O
2017-07-24 13:09:371.3020,000260.00O
2017-07-24 12:28:461.3020,000260.00O
2017-07-24 11:59:171.3250,000660.50O
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Ariana (AAU) Top Chat Posts

DateSubject
24/7/2017
09:20
Ariana Daily Update: Ariana Resources is listed in the Mining sector of the London Stock Exchange with ticker AAU. The last closing price for Ariana was 1.35p.
Ariana Resources has a 4 week average price of 1.18p and a 12 week average price of 1.18p.
The 1 year high share price is 2.23p while the 1 year low share price is currently 1.18p.
There are currently 1,051,637,937 shares in issue and the average daily traded volume is 2,238,191 shares. The market capitalisation of Ariana Resources is £14,197,112.15.
20/6/2017
07:40
bigglesbingham: The way I the share price will go is the same as the last two raisings, the price will open around 1.3-1.4 it may be slightly higher until the sellers from the placing start realising gains. It may even drop below placing price. Over course of next few months it will hover around 1.3 then it will start a rapid increase to 2 - 2.3p. Last two placing I bought lower than the placing price. This time because so many people have been waiting for the placing and there is so much for AAU to go at I think there is a possibility that more of the companies partaking in the raising will hold and price may go up quicker. Pleased it was successful and we can move on. One point to consider at times like this is what you consider the value of the company to be and for me it's £20m plus every day of the week which including the raising puts share price at around 2p which is why I decided to get a share in the raising even though I realise the share price will probably drop to the placing price.
03/5/2017
18:49
bapodra_investments: If there is a seller then you have to ask the question why they are selling? What is it that is making them sell? Why would someone sell so many shares that it moves the share price down? It could be a group of sellers, i.e. more than one seller of course. I think today was a major disappointment. I am very suspicious of the share price movement of Ariana. Something smells. When it goes down in price on such good news means there is something we private investors do not know but the market does. I think the market has realised that if the share price goes up then there will be even more sellers and as there are no new buyers then the share price just cannot appreciate to match our expectations.
03/5/2017
12:40
bapodra_investments: No major or substantial interest in this share and the volume supports this view over the last year or so. Very disappointing share price performance which suggests this type of news in the future will not move the share price upwards in any significant manner. I think investors will need a three year time frame to really see any substantial share price increase. Ignore my earlier post in the morning as that was far too optimistic and since the morning my thoughts have come back down to earth in what is Ariana!
27/4/2017
11:39
gold map: Predicted 2p share price by Friday - 1.95p Paid (delayed trade) at 10.17am today..... close ! ....happy it's showing it's potential again :)Still priced as an Explorer until firm and consistent production figures eventually start driving up the share price. Any large volume buys and price jumps up - it's a coiled spring! Politics, Conflict, Dilution and unsure production numbers are already factored in at this very low share price. Gold doesn't care where it's dug up.... and we as investors just want lots of it!May think about selling a few 3p-4p, why would you sell before? Shares could be 5-6p in a year or so
26/4/2017
16:14
bigglesbingham: No probs - article from shareprophets today:Given that the company is now producing gold, I've been somewhat surprised by the lacklustre response that the market has given Ariana Resources (AAU) since that news came.The Turkish gold miner announced at the end of March that the first gold pour had been achieved at its Kiziltepe mine, part of the Red Rabbit project area which includes a number of other exploration licences in which Ariana holds up to 100%.Ariana has managed to bring Kiziltepe to production and has still retained a 50% stake, following a deal with Proccea Construction, and under the terms of the loans which were in place to finance this joint venture, they should be re-paid within three years. In addition to that, any loans made by Ariana and Proccea to the JV company will also be re-paid out of any excess profit, and once that has happened then future profits will be split 51:49 in favour of Ariana.To me this seems to be the only thing that may be putting investors off, as Ariana isn't going to see large levels of profit initially. But given that the company is actively looking to increase reserves and sees a mine life of around ten years, then I still think the company has plenty of potential as a longer term investment if you are prepared to be patient.This first pour produced 5.25kg of gold equivalent and the mine is expected to be operating at full capacity at any time now, at which point it will be producing 20,000 ounces per annum. Based on the existing reserves estimates, that will last for eight years (not including the higher reserves figures which the company is expecting, and extended mine life as a result), and during that time it will produce 160,000 ounces of gold equivalent.Once the company is in a position where all the debts have been repaid - including the loan to itself to fund the joint venture, which stood at over £3.2 million as at the last interims and I would imagine is higher now – and given a cash cost of production of around $600/oz, then the company should be in a very good position. At current gold prices that would result in an operating profit of in the region of $7 million net to Ariana.To put that into context, the market cap of the company is only just over £14 million currently, so basically is pricing in a couple of years of the profit-share from production (post loan repayments) plus the loan repayment, assuming of course that the gold price doesn't collapse.Obviously it will take a while for this cash to start flowing into Ariana and it could well be that investors are waiting for that to happen, but once we are anywhere close to that point I doubt there will be an opportunity to buy at anywhere close to the current share price of 1.75p.There may also be some concerns about the current cash position of the company, but given that admin costs in the last interims were only running at around £60,000 per month, and £900,000 was raised in January specifically for other projects and for working capital, I wouldn't expect any sort of fundraising. If that was needed for work on the other projects – such as the recent Karakavak drilling, also on Red Rabbit – then it might be possible for the company to borrow money against future gold sales anyway, rather than an equity raise.Other than the fact that these shares are unlikely to rocket overnight, which unfortunately seems to be what many are looking for on AIM these days, I can't really see a lot here not to like at the current valuation, and think that it offers decent risk versus reward, even if you are just neutral on gold prices in the coming years from the current level.Plus, aside from Kiziltepe the company also has other prospects going forwards, albeit at much earlier stages, but there is plenty of potential upside in the share price from those as well.- See more at: http://www.shareprophets.com/views/28701/surprising-lack-of-interest-in-ariana#sthash.fmr5QcNe.dpuf
26/4/2017
13:51
gold map: Existing link between Ariana & Sandstorm - SandstormGold Ltd/SSL.TO have a 2% Royalty at Tavsan listed on their website as Advanced Exploration (42. Tavsan)SandstormGold (2% Royalty of Hot Madden and soon to be 30% JV partner) may be interested in funding a shared production facility at Salinbas or possible buy out? maybe in return for funding the new mine at Tavsan which would unlock their 2% Royalty? Or buy all of undervalued Little Ariana for 15mAAU share price on the way up! 2p by Friday?Above only a possibility, but who knows?DYOR
18/4/2017
21:50
bigglesbingham: The Sherie prophet article I suggested that AIM-listed gold (then) explorer and now producer was a buy a couple of months back as we awaited the commencement of production. At the time the spread was 1.7-1.85p per share and they duly headed north as the final bits of paper arrived and the first pour was announced, only for the shares to fall away again. Meanwhile the gold price has been a one-way ticket north. I'm very puzzled - what is going on? With humble apologies for the performance thus far...I still reckon it is a buy and here is why.First up the apology: everything I had hoped for – permits and first pour are in the bag and we have had a strong gold price on top. I may delighted to have been Mystic Meg – but I'm left looking a bit of a twit because having been holding out for 2.25p to sell off a bit of my own holding the shares never quite made it before falling away and closing for the Easter break on a spread of 1.65-1.75p. I apologise for the loss (so far). The old stock market saying that it is better to travel than to arrive has rung very true.The maths was, to me, compelling. The production plant is held in a joint venture which has taken on $33 million of debt, plus some loans from the JV venture partners which are broadly similar. At 20,000 gold-equivalent ounces to be produced per year at a cost of around $600 the joint venture entity would chuck off, at $1233 gold when I first suggested the stock, something of the order of $38 million over three years – more than enough to pay off the $33 million debt. After that the rest is split between the JV partners, Ariana getting 51% - about $6.46 million a year (call that £5 million a year) for at least five years.The mine life is, officially, still sitting at 8 years but further drilling analysis and noises from the company suggest an upgrade to 11.5 years is not far away, with the hope that eventually a 15-year mine life will be achieved. Do the maths: 8-year life is worth about £25 million to Ariana. At 15 years it would be around £60 million.But the gold price has moved higher since then. It is not a pleasure to see because the reasons (tensions with North Korea, the Syria air strike) are depressing. But think what you will of the geopolitical situation, the gold price has gained strength. I have always viewed an investment in gold as an insurance policy and investing in a near-producer (now producing) as a leveraged version, albeit with delivery risk.So on last week's closing gold price of $1288 3 years of 20,000 gold-equivalent production by Ariana's JV mine at Kiziltepe will throw off about $41.3 million – enough to repay that $33 million of lending and still hand out around $4 million to Ariana – call that £3.3 million, £1.1 million a year.After that, on the (current 8 year mine life) Ariana would be set to trouser $7 million a year - £5.6 million - for five years. A mine life of 15 years would see a total of over £70 million coming in (before costs of further exploration etc). With Ariana on a market capitalisation of just £15.3 million those numbers suggest to me that Ariana looks way, way too cheap just on the basis of the Kiziltepe mine alone. Income may be limited for the first three years but surely Mr Market is being far too impatient!The question is how much cash will Ariana spend on further exploration (and plc overheads, boardroom costs etc) before the big money starts to roll? In other words, is there a placing around the corner?I am told that the company has no need to raise further cash currently, and that the planned exploration work is already funded. That doesn't rule out the company pulling in more cash, though!Ariana is still looking to build up its inventory and so exploration costs will continue. The big question is whether Kiziltepe can be managed so as to provide that cash, or whether further fundraisings lie down the road. I can't say that I'm reassured by the no "current" need for cash.On the other hand, chatting to the company before and at the UK Investor Show it seems that there is some flexibility as to future funding. The company could use higher grade ore to bring up the annual production figures. It is also looking at tweaking the plant to process a bit more ore (at what cost I know not, but I gather it would be a simple and relatively inexpensive improvement).The nearby Tavsan project is still being proved up but plans are afoot to see that moved towards construction and production. By utilising the Kiziltepe plant the capex should be relatively modest: crushing on site then truck down the road to an upgraded (to cope with extra capacity) Kiziltepe. How long that will take, well, who knows. It could be 3 years....or not! But Tavsan is surely is worth a few quid already.Then there is the Salinbas project, something like 1,000 miles away from the main sphere of activity: that could be proved up a bit more and sold. Unlike Kiziltepe and Tavsan it is 100% owned so the company could try to go it alone and get all the profits, JV it as with the others or just decide it is too distant from current operations and sell it on. There are also a few shares from the sale of the lithium project which might bring in a few coins for the meter. Finally, although there is a timetable of paying off the $33 million of debt owed by the Kiziltepe JV, I gather that there is quite a bit of flexibility in the timing of payments – provided the total is paid down on time.There are, therefore, some funding options going forward. However I fancy that Kerim Sener, the big cheese, is an ambitious fellow – he would need to be to have got a project from green field to production in Turkey by a very small company on AIM. He's got one project off the ground and I would imagine he'll want more so as to grow the company.Had the share price done what was, in my view, the decent thing and headed north on news that production had commenced and a first gold (and silver) pour taken place I don't suppose the company would have hung around for long before charging up the coffers on the back of it.But it hasn't happened. I wanted to lob out a few shares at 2.25p and that hasn't happened either. Yet the maths is all the more compelling now than it was a few weeks ago, with production having started (albeit in ramp-up until June) and a higher gold price. Surely the company is worth a good bit more now than it was when the plant wasn't quite finished, the various final permits not yet secured and with lower prevailing gold and silver prices!One could speculate that the share price is telling you something - that there is a placing on the way. Or it is telling you that the sell-on-the-news brigade have sold out, causing the share price to drift and a few more have either got bored or had stop-losses triggered and headed for the exit. One could be uber-cynical (moi?) and wonder whether there are some shorts out there hoping to close out their positions by subscribing for a placing. I sincerely hope that last case is just uber-cynicism and that in such circumstances (not that this sort of thing ever happens on the world's most successful growth market) the company digs its heels in and lets them fry.In my view the shares are cheap and the company is run by decent people. In fact, some years ago, the company tried its best to get its shareholders the best terms it could to raise cash by offering out free warrants to existing shareholders who simply needed to ask for them. It would have worked but for the financial crisis, stock market crash and the price of gold falling off a cliff. I have great respect for the management of the company trying to get its existing shareholder base the same terms as new money coming in, even though the best of intentions were undone. If the company wants a bit of extra cash I hope it will consider its shareholder base first, rather than going to the bucket shop spivs and trashing the share price.Meanwhile, we are where we are. I apologise for a tip which hasn't worked out at all as I'd expected. But I'm a buyer at these levels: I think the price is anomalous. Turkey may not be East Surrey, the plant may still have to demonstrate planned production levels and mines can go wrong. But even discounting future cashflows by a savage annual 15% my maths says the shares have something like 50% upside. And of course, as time goes by and (assuming all goes well the debt is paid down then the current value of future cashflow goes north.So I still say buy, price target (short term) 2.25p. - See more at: http://www.shareprophets.com/views/28461/ariana-tip-update-production-rising-gold-shares-down-what#sthash.7pmAwg3p.dpuf
21/2/2017
19:05
plasybryn: Hi Nov31. Great to hear you are such a big supporter. I heard your concerns and as a sizeable shareholder I hope Kerim will listen to those. You deserve to be heard. Can I ask if you have had direct contact with him in the past? He is so approachable and in my opinion genuine/straightforward. Perhaps you are planning to attend this years AGM or Master Investor in April, or one of the Mining Maven events. I would also like to see them move away from Beaufort. I really don't think Boards generally view things however quite like ADVFN posters!. Their priority is to get the job done (working for shareholders) & the share price is largely irrelevant as they think years rather than months or even weeks or dare I say even days/hours in some traders case! Kerim can obviously see the big picture and the value opportunity over the next 5 years or more, which I'm sure he wants loyal investors to all share in. He would be unusual if he was worried about what the share price will be next month. He is now on the cusps of transformation with so much potential he is spoilt for choice where he directs his attention. I wonder if he ever believed he would secure 100% of Salinbas for next to nothing. But he gets little appreciation generally from shareholders Over the next few months, leading up to the AGM, I suspect we will all get a much greater feel for how the Board want to bed down the strategy. The price target for the Board is not 2.5p or 3p, and Kerim knows that. He is thinking 50,000 ozs. even 100,000 ozs p.a. if he develops Salinbas and a share price well into double figures. I can make a case for 40p. B.B. are probably OK for traders but if you believe in the people, the financials & the story, it is just a matter of accumulating, as you have done so successfully at bargain prices. Everything else is just noise & impatience. Sorry for being so verbose.
30/11/2016
11:48
crossfirecssf: Getting very close to a resolution of this pattern. 1.75p would pretty much confirm a breakout as far as I can see. It'll definitely be interesting once gold has completed its correction. This correction is going to be great for the next up wave. As John Embry says, we're at the capitulation stage for many long terms gold buyers. It's been a crushing correction psychologically, and many bulls are finally throwing in the towel. Once the bottom is hit (anytime now), the next stage will be orchestrated by strong hands and committed bulls who are in this for the final resolution no matter what. Ariana are looking strong in the face of this correction and things will get interesting in a few days I believe. We're going to see both a bottom in the gold price, and a resolution of the AAU share price as indicated by the extremely strong looking pennant pattern which sits on an upward trend now almost exactly ten months in duration. What could make the next move significant is that the two things could happen on the same day potentially. I think we're within a few days of a significant turning point.
15/7/2016
22:50
ebomber: Unfortunately political events will adversely impact AAU share price on Monday. Just hope it is short term............
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