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AAU Ariana Resources Plc

2.25
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ariana Resources Plc LSE:AAU London Ordinary Share GB00B085SD50 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.25 123,085 08:00:19
Bid Price Offer Price High Price Low Price Open Price
2.20 2.30 2.25 2.25 2.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 4.03M 0.0022 10.23 41.27M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:23:38 O 42,937 2.2566 GBX

Ariana Resources (AAU) Latest News

Ariana Resources (AAU) Discussions and Chat

Ariana Resources Forums and Chat

Date Time Title Posts
25/7/202419:40Ariana Resources - Gold, Copper and lots of cash!26,051
17/7/202415:37AAU Ariana Resources Plc - What a joke75
04/7/202411:04*** ARIANA RESOURCES ***281
01/7/202416:34Ariana Resources PLC - aiming for 50k oz gold production in 2020210
20/12/202319:19help overview aau2

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Ariana Resources (AAU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:23:392.2642,937968.92O
2024-07-26 13:52:192.2080,0811,764.99O
2024-07-26 10:01:032.30651.49O
2024-07-26 08:00:092.3020.05UT

Ariana Resources (AAU) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Ariana Resources Daily Update
Ariana Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker AAU. The last closing price for Ariana Resources was 2.25p.
Ariana Resources currently has 1,834,181,328 shares in issue. The market capitalisation of Ariana Resources is £41,269,080.
Ariana Resources has a price to earnings ratio (PE ratio) of 10.23.
This morning AAU shares opened at 2.25p
Posted at 13/7/2024 10:47 by konil
xow, 25942, good post.

but timing on salinbas cash probably still 3+ years away - do they have all the necessary permits? then the mine build in difficult terrain. sure ozaltin muscle will help but their priorities seem to be elsewhere, bwdik.

some mention here of selling part of salinbas, presumably when the asset has been further 'proved up'.
that seems a good way to fund some or all of dokwe.
could mitigate risk of under selling by doing partial sale and/or royalties.

if asx listing has to be, and it seems it will be, then i agree that is probably best funding route.
stab in the dark - 600m new shares at a discounted 2p equivalent to raise £12m before costs?
ks will begin to realise his disregard for share price is going to cost existing shareholders and aau dear during equity funding.

at a guess dokwe at least 7 years away unless red tape in zimbabwe runs quicker than elsewhere. would be very happy to see it sooner but no way of knowing what timeframe management are targeting - stubborn refusal to give any guideline. maybe that will change in time.
Posted at 13/7/2024 09:54 by xow98
Edited - not good in the morning .. Apologies to konil response below

If you sell a further percentage of Zenit the divis become less, so you take a one off cash receipt for reduced ongoing income. Not sure I would want that given Tavsan comng fully on stream shortly. Passive income is great income and there won't be any income out of Dokwe for at least 5 years.

Any funding is going to be massively diluting, but would prefer the dilution to be via ASX as that brings in new shareholders (supposedly with more mining nous which might have a leading effect on LSE - or arbitrage).

Not sure that a rights issue at the current price (would have to be heavily discounted anyway to make it attractive) helps existing shareholders as that will just lower the price and most of us are already fairly heavily invested / overloaded in AAU.

Hopefully Tavsan coming on stream gets the price up significantly (bringing in new shareholders) which will reduce the dilution on any future possible rights issue.

Don't think there is a short term need for funding as there won't be any capital intensive funds flows until they work out where best to start with Dokwe so probably another year to get share price up.

Where are we with Salinbas?
Posted at 10/7/2024 15:32 by xow98
Took them a while to get this out. No surprise on rating. Unfortunately never seems to do anything for the share price.

Ariana – Another Positive Revision At Dokwe: Screaming Buy!

AIM-listed Ariana Resources (AAU) this morning announced yet another upward revision regarding is recently acquired Dokwe project in Zimbabwe, the latest being a 16% increase to the in-pit JORC 2012 Measured and Indicated Resource at both Dokwe North and Dokwe Central to a total of 1.2 million ounces.

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Posted at 01/7/2024 12:28 by charles clore
These detractors must have a lot of money riding on the failure of the AAU share price. They seem absolutely desperate and its quite funny to watch.
Posted at 29/6/2024 12:57 by excellance
Current mkt cap is £26m and you say they need $82m.

IPO on ASX
Open offer to existing holders
$82m will likely be wrong.

So we need to issue six billion shares at least!

Clearly they can't issue shares in AAU, the dilution is way too excessive, but they could IPO Dokwe and retain a controlling interest. That way they could offer an open offer to existing AAU holders to buy shares in the new entity. That makes more sense with the AAU share price being just 2p.
Posted at 29/6/2024 12:05 by excellance
II could be right.

Prior to the Dokwe deal my share price forecast for AAU was 1p, based on market wide sentiment and AAU specific funding requirements in a poor capital market.

The company have wisely opted for project finance, but that will eat into profits for a few years, and now we have the Dokwe "merger" allowing the board to print equity like confetti with no details of how much cash they intend to raise.

Dilution, dilution, dilution, increased project debt, reduced profit, increased costs, and a whole new project to finance.

The company is making progress in funding projects, and those projects are slowly being advanced, and will see increased profits in years to come.

Dokwe is a great asset, but needs cash, but we have no idea how much cash they need, when it will be raised, and we have no development plan.

We are in no mans land.
Posted at 27/6/2024 13:47 by bigglesbingham
Short arm the standout statement is what does he classify success as being. I would argue it's running a 100k ounce goldmine rather than getting the share price up to double figures. I asked a similar question in q and an and they didn't deny my statement but said the two should go hand in hand. It's the path to get the share price up which concerns me more than the path to get the mine operational. We have many pieces in play I'm sure there are a few left field moves ahead which will come as a surprise . Whether you like or dislike Dowke its here now and the ride will be interesting to say the least.
Posted at 25/6/2024 12:15 by dixi
Kerim's assertion that the share price is relevant to when you bought and sold (ie traded) and therefore ought to have profited. That is something of a contradiction to his critical fast buck merchants comment. Yet the special dividend all but locked shareholders in over many months to receive the full amount, all whilst the share price ebbed away. I hate to think how much of that dividend has been burnt on reinvesting here. Can only hope at some point this will settle and potentially rise. But against the impending dilution, who knows!
Posted at 13/6/2024 09:26 by konil
of course the increase in resources (reserves yet to be defined) is very exciting.

it does not however make the other issues that some here are concerned about disappear.

if aau were seen by the market and hence priced as an explorer one would anticipate share price increases based on 'blue sky' thinking by the market. but to date we have seen that is not the case, the market seems unable to differentiate different types of assets within the same company and seems to mark the whole as a producer or explorer, no fine tuning. aau has been 'marked' as a producer.

will that change for aau now? it should because the exploration side is outweighing the production by increasing margin. but who knows how the market will judge?

if aau begins to be seen as an explorer there will be greater volatility in the share price on each resource/reserve announcement. the nature of the investment in aau will be different.

in the long term though the value in aau will depend on which projects make it to production and how long it takes to get there. on this point, it doesn't matter how high the resources/reserves go, what does matter is getting those resources/reserves to production, and today's announcement while exciting does nothing to address the issues some investors have been voicing and are concerned about with regard to the dokwe project and its impact on aau.


for clarification: i wish aau the very best, i have an outsize proportion of my portfolio invested here. i have not and will not be selling any aau at these levels. even if the rockover merger goes ahead i will keep holding in the hope the share price will recover to at least my breakeven. however, i post positive and negative as i see it.
Posted at 30/5/2024 19:43 by kaos3
2 examples of ny additional listing next to aim without issuing new shares are bur and dec. both fell

institution collects shares, pays depositary transfers and is ready to sell/trade them into the new market

arbitrage develops. if the liquidity and delta is high enough to bother - the arbitrage game is on. but not for small guys.

as there is no ii and aau capitalisation is small - i said it before - asx listing will come with new shares issued with the buyers already waiting /at agreed upon sp/ ... - my observation and opinion

i am expecting range trading and relatively low share price ... before the listing

we as a shareholders are not told most of the things

ownership is irrelevant. control is. specially control of the decision making proces and the CF

ownership is for dummies - if not executed. politicians own nothing but they control and get huge rewards milking the owners. similar directors.

and yes - that is their pay for their services - so all fair......

like it was in our ex communism

all im slovenian gardening experience
Ariana Resources share price data is direct from the London Stock Exchange

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