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AAU Ariana Resources Plc

2.25
0.00 (0.00%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.25 2.10 2.40 2.25 2.25 2.25 548,397 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 4.03M 0.0035 6.43 25.79M
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. Over the last year, Ariana Resources shares have traded in a share price range of 1.575p to 3.10p.

Ariana Resources currently has 1,146,363,330 shares in issue. The market capitalisation of Ariana Resources is £25.79 million. Ariana Resources has a price to earnings ratio (PE ratio) of 6.43.

Ariana Resources Share Discussion Threads

Showing 18076 to 18100 of 49100 messages
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DateSubjectAuthorDiscuss
25/11/2019
20:41
This had all the makings of another dreary day on here with undervalued assets, until that RNS came out. Now we have got a major engineering and construction suitor, with financial muscle, in a proposed joint venture, to beef the operation up and turn us into one of the top mining companies in Turkey.

What's not to like?

davidspringbank
25/11/2019
20:30
My first thought is $13m to lose 77.5% of Salinbas seems a little underdone but then again 23.5% of something big is better than 100% of something little.I feel that there must be add-on benefits down the line which are not currently being revealed.
8rad
25/11/2019
20:30
Talk about smacking it out of the park! Excellent job!10 million in Divis as no money required to get Salinbas into production!! That's astounding!Big rise tomorrow as more people read in and maybe finally an institution or two!
shortarm
25/11/2019
20:19
8rad I should imagine they would want to keep the lions share of the £23m but just over £5m would give 0.5p a share.
soulsauce
25/11/2019
20:02
Yes a few of us remember the Stratex fiasco Biggles (which was bordering on fraud) so hopefully this won't pan out anything like that.
5huu
25/11/2019
19:55
Just got into the loop....CC, Shortie,Soul etc
just read mention of the magic phraze..Special Divi. Am I dreaming or if not how much do we think it might be and any thoughts on the new Mr Big.

8rad
25/11/2019
19:49
We're getting closer and closer to a divi!
davidspringbank
25/11/2019
19:48
So £23m or current market as cash. But retaining half of their previous share of kiziltepe and a quarter of salinbas with free carry for exploration and definitive development program which could reap huge returns based on hot maden. Money for dividend plus development in ventures such as the indicated Cyprus one which could be developed by new zenit with the backing of the Turkish company sounds very appealing. The 53% to the partner means they must have water tight contract but MDV is aware of what went on with Bahia and stratex so I'm sure any contract will be water tight. But I will reiterate the point when we chat next.
bigglesbingham
25/11/2019
19:38
Does say "to which procea will be contributing ". So 53% salinbas sold for $13m but free carry for future exploration needs to be clarified as well as what procea will be paying for their 23.5% of salinbas. ??
bigglesbingham
25/11/2019
19:33
I would say yes definitely
bigglesbingham
25/11/2019
19:32
Lol backmarker nicely.

Again mcmather open to a bit of interpretation. I guess we are going to have to wait for the ensuing kerim vids and questions posed by those going tonight.

I wonder if this is the piece of the jigsaw needed to get institutions interested finally.

soulsauce
25/11/2019
19:25
for soulsauce
backmarker
25/11/2019
19:20
Soul does "for all new projects injected in to the JV in the future" mean post-this new JV in which Salinbas will already be part of?
mcmather
25/11/2019
19:03
the odds on "3p by Xmas" have just got a lot better.

I still don't understand why the share price got down to 2p in the last few weeks. at least there were no doubters on this board.

must now seek out some cheap Veuve Cliquot.

backmarker
25/11/2019
18:53
Excellent news today.

My question for those with good contacts is this

Ariana will:-


2. be free-carried on further costs associated with the development of the Salinbas Project.

Q. What does this mean? Presumably just up to DFS?

temujiin
25/11/2019
18:47
mcmather point 4. You get the answer of 3x costs there.

There is definitely some uncertainty that needs clarifying.

soulsauce
25/11/2019
18:39
They are appearing at the Mining Capital event on 28th November also.
grimreaper2019
25/11/2019
18:39
On rereading again, jbravo2 is clearly right: ultimately, Salinbas will be aggregated into Zenit and that both AAU and Proccea will each own 23.5% of the new business, and the new partner 53%. But as he says, it's not clear what Proccea will contribute to earn its 23.5% of Salinbas, nor when that final part of the transaction will take place. The language of the RNS suggests that this final part of the consolidation might be delayed significantly, in which case it would be reasonable for the acquisition price to increase, as the project progresses. Perhaps finance is currently an issue for Proccea?
tim000
25/11/2019
18:32
Agree; also does "absorbed" mean for zip or do AAU still get 3 x exploration costs back?
mcmather
25/11/2019
18:30
As a generalisation, i read the rns as meaning Proccea to run mines, 3rd party to provide capital, AAU to provide expertise in which licences to get, how to explore, feasibility study etc.
swallowsflysouth
25/11/2019
18:26
Sorry to butt in but it says quite clearly that teh new partenr will have 53% of Greater Pontides after the earn-in of $8m. seems to be pretty cheap!

Would appreciate someone getting this clarified tonight

Under the terms of the MoU, once the Proposed Partner has acquired 17% of Greater Pontides a further budget of US$8 million will be made available by way of earn-in to take the Proposed Partner to a total 53% to achieve the completion of the Feasibility Study and Environmental Impact Assessment ("EIA") of the Salinbas Project and its associated works (to which Proccea will be contributing).

julianc35
25/11/2019
18:24
It's clear Proccea will own part of Salinbas it's going to be in Zenit. (They'll own as much as AAU will!)
What isn't clear is what they're contributing to earn their share.
Happy I stuck with AAU, shame it's such a small holding.

I presume with the size of holdings discussed earlier someone is going to be able to ask for clarification at the presentation?

jbravo2
25/11/2019
18:10
biggles, no, I'm a different one. I agree that Proccea won't seem to be involved in Salinbas, but further careful reading of the RNS is required.
tim000
25/11/2019
17:58
Where does it say Proccea are getting any part of Salinbas?
soulsauce
25/11/2019
17:57
It seems to me an opportunistic move to get valuable resources on the cheap. I take my hat off to them regarding the timing of their action. The gold and silver prices are still consolidating prior to taking off to new highs. However, the new financial muscle will help them achieve their goal of becoming a top miner.

Charles, I knew it wouldn't last at EUA although I had hoped for the best, but planned for the worst. EUA has recovered to 3.5p so there is still hope of exceeding previous highs sometime in the future.

davidspringbank
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