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 Shares Traded Last Trade
  +0.00p +0.00% 1.475p 1,021,110 14:00:08
Bid Price Offer Price High Price Low Price Open Price
1.40p 1.55p 1.475p 1.4725p 1.475p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 0.4 0.0 36.9 15.63

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DateSubject
17/6/2018
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 1.48p.
Ariana Resources has a 4 week average price of 1.25p and a 12 week average price of 1.25p.
The 1 year high share price is 1.73p while the 1 year low share price is currently 1.15p.
There are currently 1,059,677,937 shares in issue and the average daily traded volume is 2,905,964 shares. The market capitalisation of Ariana Resources is £15,630,249.57.
01/6/2018
08:53
bigglesbingham: It depends on your take on his objectives. I want the business to be ran well , to develop new resources, to produce above expectations. I firmly believe he has achieved these goals. I believe that share price value follows fundamentals. You appear to have a different set of criteria for the M.D. ie to get the share price up and sod everything else. He could shout from the rooftops and exaggerate claims in order for share price to spike and short term traders make a quick buck but that's not my criteria here , I'm in for the long term. To answer your question directly if someone isn't achieving their goals then we do the upmost to ensure they do. If that fails then both parties tend to agree to part company.
23/5/2018
08:57
edgein: Another example for you. SOLG, there was a bunch of us holding while the share price was stuck under 4p. Time and time again they'd announce 600m-1000m intercepts and the share price wouldn't budge. Very little trading volume, little or no market interest. Then they announced funding at 7p per share and everyone wanted in, 20p in a flash and moved on to 40p (£500m cap was outrageous for a modestly funded non-producer). I sold out around 20p as that was fair value at the time. Once this breaks out over 2p most likely everyone will want in and there'll be 100 posts per hour on the bb's. As for AAU Kerim just has to keep doing what he's doing, get production stable and then up at RR (to the 50,000 Oz target). Use that or a jv to prove up more Oz at Salinbas and if it still hasn't re-rated sell the lot to a larger company for an outrageous sum of money MARL style. Regards, Ed.
22/5/2018
23:39
kirbs4: Im not sure why people deem other AIM directors a suitable comparison? Isn't AAU what is important?I can't speak for other people but my gripe isn't with the value, or even with the base pay at all, it's with the timing and award of the bonus. £109,000 to £137,000 is a 25% hike in base, and the bonus was on top. During 2017 the share price dropped from 1.88p to 1.20p, a 36% drop. That's being generous as the share price was over 2p not long after the start of the year.Now the base pay i can handle as in reality that will have been linked to prior year performance and in 2016 the share price almost doubled. 25% could be seen as excessive but as a shareholder i can take that with an almost doubled share price.The bonus though came at the end of a dire year of bucket shop raising and a 36% drop in the share price demonstrating to me they are disconnected from shareholders. That lack of trust needs rebuilding and the rns released after a few shareholders spoke with the board did not commit to it not happening again, as some seem to have interpreted.
09/5/2018
10:39
backmarker: surely the "bonus" is now history ? it was badly handled for sure. but shareholders have made their views known. is it worth discussing any more ? personally I don't think it had as much impact on share price or anything else as many on here seem to imply. the big issues impacting this and other miners are the PoG, and whether the company is likely to tap the market for funding. PoG is a bit uncertain at present, but I believe it will improve as the year goes on, but no fireworks, even once we pass 1380. AAU has poor recent history as regards funding, and despite the company's protestations we are close to self-funding I suspect there is nervousness re. what will happen with Salinbas - even though it's difficult to see any "bad" outcome here. So while operational profitability is very good, right now most of it is paying off loans as planned and only a small proportion coming back as "free cash". so the current state of play is "everything going to plan". if that is all already in the share price then maybe it is only a shift change away from that that is going to affect the share price one way or the other. Hence a major change in PoG, finding yet better grades at Kiz, proving up resources at Sal, a deal with a bigmoney partner, are the types of developments needed to shift the share price as ever, patience is required.
03/3/2018
13:14
carcosa: The question that AAU investors need to consider is what, if any, irregular market activities have been going on with AAU. Personally, as a shareholder, I consider AAU market news flow to be responsible and accurate with relatively little 'fluff'. I also am convinced AAU is a 'real' company doing 'real' business i.e. the assets are tangible. However over the years the ramping/deramping statements issued on bulletin boards have at times been excessive and bring into question the goals of such people. However, is it any different to many small AIM shares?... Perhaps not. More likely individuals attempting to influence other investors. As morally reprehensible as BS but nevertheless 'fair game'. There has often been cries for more market news to be issued regarding AAU as some investors seek mob mentality to prop up their own convictions and moreover the share price for a day or a week. This, unfortunately, is the world of micro/small caps. So what will happen Monday to the share price? Perhaps nothing. Perhaps a mark down as it only takes a few investors to panic and exit to negatively affect the share price. Whatever it is there can be no way the events surrounding Beaufort Securities can be a positive for the company and its share price. If there is a mark down it will be like throwing the baby out with the bath water and thereby providing an opportunity for long term investors to accumulate a little bit more. If (and that is a big 'if')ever an investigation is launched into Beaufort Securities and AAU dating back many years, I feel that it will take years for any investigation to be published (if at all) and have no tangible effect of the company itself.
13/1/2018
10:53
nov31: CC, Kerim has provided the company with enormous value - he has managed the long term exploration, development and production path with enormous determination, perseverance and skill. There is no doubt he deserves a bonus and some share options, but it would have been easy to signsl his ambition on the share price by staging options [as Biggles alludes to] at prices between 1.55p and 3p or so. Will any of us begrudge Kerim exercising some options priced at 2.25p, 2.5p or 2.75p as the share price exceeds those hurdles ...not at all. However, loading up with options when the share price is at an all time low at a price of 1.55p, and at a price lower than many shareholders have paid is very cynical. If I sound disappointed it's because generally people don't like to feel they've been taken for a mug. The BOD are well aware of PI views, they've chosen not to listen. Shame...let's hope 4th qtr figures help us to forgive and forget.
21/12/2017
10:59
plasybryn: Roco on iii has highlighted how SML did it earlier this year. Chalk & Cheese. This is how to do it. UNEQUIVOCAL TARGETS/AMBITIONS Strategic Minerals plc (SML) The Board has received a number of enquiries, from shareholders and the general market, as to the future direction of the Company and how the Board and Management would be incentivised to achieve market capitalisation and share price growth. Board has proposed the implementation of an options programme designed to incentivise the Board and Management of the Company to target, over the next five years, a market capitalisation of £100m (currently £25m) and progressing onto a share price of £0.10 (currently £0.02p) Accordingly, the Board has reviewed market capitalisation and share price targets, over a five year time horizon, and has developed an Options Programme, consisting of three Tranches, designed to incentivise Directors and Management to achieve market capitalisation and share price growth over this period. The three Tranches and vesting conditions proposed are: Tranche Number of Options Vesting Price Exercise Price Maturity Date 1 120,000,000 £0.055 £0.0275 30 June 2020 2 55,000,000 £0.075 £0.0375 30 June 2021 3 25,000,000 £0.100 £0.0500 30 June 2022
29/9/2017
11:53
bapodra_investments: I think if this share price does not start motoring by the end of January 2018 then there is something seriously wrong. If by end of March 2018, this share price is not above 2p then 'alarm bells' will be ringing. The current share price should be based on what the market thinks around 'six months in advance (future)'. On this basis alone the share price performance is worrying. Either the market is concerned about either the level of debt being increased, further capital raisings leading to dilution or lack of investment funds showing any interest in investing or simply cannot due to size. If anything the fear is that any one of the above could lead to the share price falling!
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
Ariana share price data is direct from the London Stock Exchange
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