Share Name Share Symbol Market Type Share ISIN Share Description
Mariana Resources LSE:MARL London Ordinary Share GG00BD3GC324 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50p +2.79% 55.25p 54.00p 56.50p 55.75p 51.50p 53.75p 1,235,234.00 16:06:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -7.8 -1.1 - 68.84

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Mariana (MARL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-03-24 17:15:0053.00200,000106,000.00O
2017-03-24 17:08:1955.2522,30012,320.75O
2017-03-24 16:36:5354.0010,0005,400.00O
2017-03-24 16:35:3655.00250,000137,500.00O
2017-03-24 16:21:2855.903,5771,999.54O
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Mariana (MARL) Top Chat Posts

DateSubject
25/3/2017
08:20
Mariana Daily Update: Mariana Resources is listed in the Mining sector of the London Stock Exchange with ticker MARL. The last closing price for Mariana was 53.75p.
Mariana Resources has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 124,602,040 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Mariana Resources is £68,842,627.10.
25/3/2017
12:05
cpap man: From the last RNS "Mariana has the ability to comfortably fund its operations well into the first half of 2018 with its existing cash reserves of US$4.75M; and expected exercise of "in the money" warrants which would deliver US$1.3M next month ; and further expected exercise of its remaining warrants which would provide an additional ~US$5.0M over the balance of 2017 and early into 2018." Unfortunately this warrant exercise has been a bit DARWINesq as many have obviously sold MARL shares to take up the warrants hence why the share price has continued to sell off.... Perhaps MARL should arrange an INSTITUTIONAL placing to take out all the remaining warrants?
23/3/2017
09:25
goldenshare888: WE KNOW - It was obvious ages ago! The problem is that it seems the only game in town presently is cashing out CHEAP WARRANTS, thus suppressing share price. The other problem is that MARL cannot afford development costs and are at the mercy of capital markets, which usually want in cheap also! I hold far fewer after top-slicing (free carry now), so can afford to sit and wait for takeover/development (2019?)
07/3/2017
13:16
barrywhit: They can't let the share price fall any lower else they may struggle to get the 18million warrants exercised, then they would need a placing this summer......
28/2/2017
16:37
barrywhit: bookvan, with reference share price, MARL is news driven so most of the so called "Investors" have sold out I would imagine as we have not had Hot Maden news for a few weeks....forward selling warrants don't help also....
28/2/2017
16:23
bookvan: Does anybody have a suggestion why or where most of the posters who used to post on the LSE board as a daily activity have gone? Is it possible there is a connection to the continuously falling share price? Is it - or both - something investors should reasonably consider the reasons for or is it best to pretend it's not happening? Disclosure: I have sold about two thirds of my holding and that leaves me with the same amount I started with two years ago. No reason to complain on that score. But - obviously - curious about what is happening to the share price and sentiment around this share and why posters on this board are pretending not to see it. It's like it's getting to the point when there'll just be earthling on the other board and proton on this one to turn out the lights. But nobody wants to talk about it out of politeness or not rocking the boat. Fair enough. I won't mention it again if nobody else does.
17/1/2017
18:54
highly geared: Hot Maden is probably up there with the best discoveries in the last 20 years. With large areas still yet to drill, in time, the resource can likely be increased to 5 million + gold equivalent. With bonanza grades at every turn and anticipated < $500 AISC, the PEA NPV might be the tip of the ice berg. In time Marl,s holding could be worth north of £500 million even with finance dilution. At the current c £100 million market cap, there's certainty room for share price appreciation. If POG gets back to 2011 levels then the leverage will be phenomenal. Hopefully one to hold long term,downside is Turkey political risk.
02/12/2016
09:09
gersemi: Just published today. With thanks to Taylor Dart at S-Alpha: Top 2 Gold Juniors For 2017 Dec. 2, 2016 3:49 AM ET| Taylor Dart HTTP://seekingalpha.com/article/4027753-top-2-gold-juniors-2017 #1 - Mariana Resources Mariana Resources (OTCPK:MRLDF) only recently came under my radar, but has since taken over top spot as my favorite junior miner. The company is currently sitting on the largest discovery in the past decade, and is hitting the highest grade drill results I've seen since Ventana Gold. For those not familiar with Ventana Gold, the company was taken over in 2011 by Eike Batista for $1.43 billion dollars. At the time Ventana Gold had a resource of 3.9 gold equivalent ounces, at an average grade of 4.0 grams per tonne gold. (Source: Stockcharts.com) The above chart is of Ventana Gold which provided shareholders with a 7000% return over the course of only 3 years. The discovery was the largest one since Aurelian Resources, and received a takeover price of $366 / oz. Mariana Resources has only just started drilling its Hot Maden Project in Turkey, but thus far the results are jaw-dropping. The grades reported at Hot Maden are nearly double that of Ventana's drill results, in addition to being over thicker intersections. For those who are not familiar with Ventana Gold, I have shown drill intercepts from each company below to compare the two. Below are examples of Ventana Gold's five most significant drill intercepts during its 2009-2011 drill campaign: 1. LB-051: 51.6 meters of 7.85 grams per tonne gold 2. LB-047: 56.5 meters of 6.60 grams per tonne gold 3. LB-143: 84 meters of 13.66 grams per tonne gold 4. LB-01: 107 meters of 7.81 grams per tonne gold 5. LB-112: 94.5 meters of 5.83 grams per tonne gold Most junior explorers would dream of hitting even one of these intercepts, yet Ventana had several of them on the path to delineating its nearly 4 million ounce resource. In 2015, investors were introduced by Mariana's Hot Maden Project and thus far, we have seen results like these: 1. HTD-04: 109 meters of 9.0 grams per tonne gold 2. HTD-05: 82 meters of 20.4 grams per tonne gold 3. HTD-15: 117 meters of 13.9 grams per tonne gold 4. HTD-34: 71 meters of 32.7 grams per tonne gold 5. HTD-71: 69 meters of 62.7 grams per tonne gold Taking a look at the above drill results, Mariana's drill intercepts are thicker intersections with over double the grades. While Ventana's LB-047 hit a 56 meter intercept of 6.60 grams per tonne gold, Mariana hit a 69-meter intercept of 62.7 grams per tonne. This is a slightly thicker intercept with 900% higher grades, and was released just last week. The other impressive part about Mariana when comparing to Ventana is the minimal exploration work that has been done at Mariana's Hot Maden. Ventana needed over 150 holes to prove up these five intercepts and a resource of over 3.5 million ounces gold equivalent. Thus far, it has taken Mariana Resources 70 holes to release more impressive drill results and delineate the same size resource. (Source: Company Presentation) The most recent drill results reported from Hot Maden were also the highest grade drill results at the property to date. Mariana reported 69 meters of 62 grams per tonne gold, which is the highest grade drill result I have ever seen since I started looking at gold stocks. Given this most recent intercept, I believe there is a possibility the project is very close to the 4 million ounce mark already. Mariana Resources currently has 121 million shares outstanding, giving the company a market capitalization of $145 million (NYSEARCA:CAD) at its current share price. While Mariana Resources only owns 30% of the Hot Maden Project, this is still a far way from the $1.4 billion price tag that Ventana fetched in 2011. Mariana Resources most recent resource estimate was an eye-opener for shareholders. The new resource for Hot Maden stands at 3.5 million ounces at 15.0 grams per tonne gold. Currently, Mariana Resources' 30% ownership at Hot Maden is worth roughly $145 million CAD. This means that the total project is worth $478 million dollars. While I agree that a discount should be given as it is in different mining jurisdictions, I believe the current discount to be far too large. I believe Mariana's ounces have a fair value of $325.00/oz compared to Ventana Gold's $366.66/oz. While I believe it is fair to place a 30% discount on Mariana's ounces compared to Ventana's due to country risk, 25% of this discount should be added back to account for grade disparity. Mariana Resources' grades are almost 400% higher than that of Ventana's with a resource that is almost the exact same size. This should make a significant difference when comparing cash costs for the two companies, and I expect the PEA should show all-in sustaining cash costs at Hot Maden of under $500/oz. By applying my fair value of $325 / oz to Hot Maden, the project should have a value of $1.13 billion dollars. This means that Mariana's 30% ownership should be worth $341 million dollars, more than double their current market capitalization. For this re-rating to occur if my assessment is correct, Mariana Resources would command a share price of $2.85 CAD. (Source: Company Presentation) (Source: Company Presentation) Mariana Resources is currently moving towards development with the expectation that a PEA will be released for Hot Maden within the next month. This should give investors a much better idea what mining will look like at the project, and where costs might come in for this ultra high-grade gold deposit. I expect all-in sustaining cash costs will be projected at below $500 / oz, which would be the lowest all-in sustaining cash costs in the industry currently. The pre-feasibility study is also planned for 2017, and this should put Mariana even more on gold majors' radars. Typically gold majors want to see as much as a gold junior's hand as possible, before making a move on their deposit. The pre-feasibility study will be significant enough for gold majors to decide whether they want to make a move on Mariana's 30% stake.
21/9/2016
10:34
gersemi: Nicked this from 3-I's..thanks to Ph-Brown : '10:52 Share price present and future Pharma Brown I'm quite surprised how below-the-radar MARL currently seems to be, with tiny volumes and little liquidity. I would have anticipated that the price by now would have been rising strongly in anticipation of the all-important PEA. At this rate, if the PEA just suddenly appears and (let us speculate) tells us that it will cost less than $200 to produce an ounce of gold from our 30g/t main resource and with gold price > $1200/oz the profit will thus be in excess of $1000 per ounce (and 1.25 million ounces equating to $1.25 billion!!) then where will the inevitable price spike take us to? Does anyone have knowledge of how NPV should relate to Market Cap (albeit this being AIM)? With current market cap of only £66m on a mid-price of 55.5p and 119m shares in issue, we must surely be looking at many pounds per share and massive multi-bagger? Could this be like those amazing 4 or 5 days when REM moved up from share price of one-tenth of a penny to 2 pence at highest after it released its 'World-Class Lithium Resource' figures? Hot Maden is right up there at the top of 'World-Class' gold resource charts. PB - getting very VERY excited, 100% portfolio invested here!! '
05/11/2015
16:55
liquid millionaire: MARL share price target = 4.8p Mariana Resources has had a transformational year with the discovery of ultra-high grade gold and copper mineralisation over large intercepts at the Hot Maden Project, located in Turkey. In just six months since its discovery, Mariana and its joint venture partner Lidya have advanced Hot Maden to a maiden mineral resource estimate of an impressive 2.9moz of gold equivalent at an exceptional gold equivalent grade of 10.9g/t Au (NCP calculation based on current prices, reported estimate is 3moz Au eq. at 11.2g/t Au eq.). The definition of the maiden mineral resource estimate at Hot Maden is an important milestone for the Company and one that allows us to introduce forecasts and a valuation of the Company, as a result, we have upgraded our SPECULATIVE BUY rating to BUY. The potential upside to Mariana’s share price is reflected by a comparison with a basket of other companies that have interests in other ultra-high grade deposits that vary in development stage from resource to production. The ultra-high grade peer group’s valuation per ounce of gold equivalent on average is £61/oz Au eq. with some as high as £146/oz Au eq. Mariana currently trades on a multiple of £17/oz Au eq.. Considering the very fast progress made to date and our continued expectations regarding the pace of progress at Hot Maden, with a resource upgrade and a preliminary economic assessment (PEA) likely before the end of 2016, there is much for investors in Mariana to look forward to in the coming year.
18/2/2015
11:43
skier100: MARL share price now ready to burst back into the 2s.
Mariana share price data is direct from the London Stock Exchange
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