Ariana Resources Share Discussion Threads

[renniks2016] 16/7/2021 12:52

Totally agreed, the amount of the special dividend is in black and white, being half of sale proceeds after fees and taxes. Not sure I've read anywhere that it includes any of other distributable income, if so that would be a bonus.

[plasybryn] 16/7/2021 12:41

That is another great post masterg. It is wonderful to have someone who so clearly understands these things. They are complicated. Don't come across them that often. Can I be nosy and ask your background. Don't worry if you'd rather not comment. I will understand. But thanks again for your insight & help.

[masterg1] 16/7/2021 11:54

Renniks - In addition to the Cancellation of Deferred Shares the share premium account is also cancelled. This stood at approximately £12m at 31/12/20. The deficit on the P&L stood just under £10m at 31/12/20. This equates to about £7m plus distributable reserves based on 31/12/20 figures. The circular of 08/02/21 mentions a figure of distributable reserves of £7.48m based on 30/09/20 figures after capital reduction. It is based on this figure that some have mentioned 0.7p dividend per share. The special dividend is not based on this figure, but on half the sale proceeds less expenses and taxes. This has been stated by the company somewhere or other. In my opinion only a more realistic dividend figure is around 1p per share. The information is out there, please do your own calculations and make your own judgement.

[kaos3] 16/7/2021 05:35

Soul - I attend IMC webinars a lot - and ask a lot of simple questions (as English is not my forte, Co business specifics are not my forte...)

only 3-5 % of Qs get answered. irrelevant ones.

CEOs get prepared Qs to fill the time after the presentations are done. Only few Qs posted online get answered - general ones.

[charles clore] 15/7/2021 22:50

That's roughly 1p a share

[renniks2016] 15/7/2021 22:14

Court documents available to view on companies house.Cancellation of 554,949,474 deferred shares @.009 equates to 5m Not long now Brad. ;)

[8rad] 15/7/2021 20:06

Meant to say Diva!

[soulsauce] 15/7/2021 19:58

Lol 8rad I was thinking where's the fxxxking broker notes 😄

[8rad] 15/7/2021 19:37

Like whens the Fxxxking divi Soul?

[soulsauce] 15/7/2021 16:56

Let's hope they answer the more difficult questions too.

[plasybryn] 15/7/2021 16:41

The Company also announces that Dr. Kerim Sener, Managing Director, and Michael de Villiers, Chairman, will provide an investor webinar on Tuesday, 20 July 2021 at 10:00 am.

The webinar is open to all existing and potential investors and will consist of a brief update on the final results followed by Q&A session, held on the Investor Meet Company platform.

Investors can sign up to Investor Meet Company for free and then click "Add to meet" Ariana Resources via the following link to join the webinar:

hxxps://www.investormeetcompany.com/ariana-resources-plc/register-investor .

Investors who have already registered and clicked "Add to meet" Ariana Resources, will be automatically invited.

-- Investors are encouraged to submit questions pre-event via the Investor Meet Company Platform, once registered.

-- Questions can be submitted pre-event via the "Ask a Question" function located on your Investor Meet Company dashboard, in addition questions can be submitted during the live event.

[paul280i] 15/7/2021 16:30

I saw somewhere that it is 1 hour on Tuesday, but that will be the total time.

[d1g3y] 15/7/2021 16:14

Wonder how much time will be given to the investors questions on the 20thI would imagine there will be a few relating to PG

[renniks2016] 15/7/2021 15:11

I wouldn't be surprised Plas, I give it evens, it would make for a much friendlier discussion if they did. ;)

[bigglesbingham] 15/7/2021 15:10

I'd do that if possible but certainly before AGM

[paul280i] 15/7/2021 14:54

Plas, I didn't get any odds on that bet!

[bigglesbingham] 15/7/2021 13:50

Not rocket science I instigated one of buys

[plasybryn] 15/7/2021 13:03

With the Webinar next Tuesday 20th July, I wonder if they will want to announce the dividend payout beforehand?

[d1g3y] 15/7/2021 12:05

Well done Renniks

[renniks2016] 15/7/2021 11:48

Why share price ticked up to .0505 when buying at 0498? Not that it's an issue another 184k for me, brings the average paid for the week down a little. :)

[jaf1948] 15/7/2021 11:37

Biggles,

I bow to your superior knowledge.

[clives] 15/7/2021 11:37

For info the last 100,000 posted at 11.30.32 as a sell was a buy.

[bigglesbingham] 15/7/2021 11:34

No that's what time they showed pal the buys were done earlier and shown to brokers mms earlier. So yes matching ! This backs up my belief it's a broker with order to sell in a way not to disrupt shareprice obviously because there is a residual holding.

[xow98] 15/7/2021 11:24

CORRECT (Jul 14): Ariana highlights dividend strategy, profit shrinks

(Correcting that Ariana Resources made a GBP5.1 million annual pretax profit rather than a pretax loss.)

Ariana Resources PLC - exploration and development company - Posts GBP5.1 million annual pretax profit, down from GBP7.0 million the year previously. Ariana attributes the decline to its joint venture company, Zenit Madencilik, which had to cut its profit share paid to Ariana by GBP1.4 million due to the lower grade ore being processed. Annual gold production for the year stands at 18,645 ounces, at an average life of mine cash cost less than USD500 per ounce, alongside a "successful ongoing exploration programme".

[jaf1948] 15/7/2021 11:22

Biggles,

'Matching sell to the buys what a surprise'.

Actually, quite the opposite. The sell of 623,000 was at 9:02 a.m.. The two buys of 100,000 and 400,000 were at 9:25 a.m. and 9:57 a.m. respectively.