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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.35p 1.30p 1.40p 1.35p 1.35p 1.35p 846,733 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 14.2 1.7 0.8 14.31

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DateSubject
25/2/2018
08:20
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 1.35p.
Ariana Resources has a 4 week average price of 1.23p and a 12 week average price of 1.15p.
The 1 year high share price is 2.23p 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 1,285,065 shares. The market capitalisation of Ariana Resources is £14,305,652.15.
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.
23/12/2017
15:48
mcmather: Agree crossfire. That's the bit that really grates Tadtech; when I first invested in AAU it was mainly to do with their only having drilled 5% of the known veins at Kiziltepez, the reference to north west trendings from Kisladag (100km to the s/e), the potential for the sindirgi corridor, etc. To get to production was obviously going to require funding. This is where the company - and specifically Michael de Villiers - have been utterly bobbins in my opinion but especially over the last 5 years or so. There has been no innovation, imagination or inspirational stuff around raisings. To be blunt, I reckon any old duffer could have produced fairly similar results. However, Kerim and Mickey are paid well - around £250k p/a between them? - and down the years both have held other positions and Mickey still does with EUA; ie salaries not representative of their being any old duffers. They have therefore been very well placed to offset any dilution with further acquisition of shares whereas I doubt that the majority of shareholders have been in a similar position? Whilst they are simply doing what they are appropriately paid to do, production is still a milestone and a bonus is not unreasonable. Kerim mentioned that revenue from RR should be able to fund Salinbas drilling from around the middle of 2018 and so news (and specifically share appreciation) on this front alone might still be some time come. Having overseen the demise of the share price - more so for any long term holders from the days of 4-12p - there was an opportunity here for Kerim & Mickey to allow the share price to recover / appreciate before putting in place this bonus scheme. Admittedly, this would have cost them and their team some coin, but they are fairly rich off the back of shareholders here already and will be getting richer the longer they remain here; especially if there is notable news due in 2108. And that is what grates. Shareholders have largely had an extremely rum time being invested in AAU - and more so the loyal, long term holders who the company are always so keen to reference - and instead of affording them some long due reward, they've (genuinely) behaved more like Donald Trump than the management team that Kerim has been attempting to portray / present over the years; conservative / our loyal shareholders / the comment from Michael Spriggs 30 Sept 2011. I've got a good idea what mickey pearce is. But Kerim? As stated previously, unfortunately it appears that he is just another little weasel boy based on this latest rns.
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
02/11/2017
06:57
bapodra_investments: The bottom line is that as the house broker reduces its price targets on what is supposed to be good news, Ariana, still cannot reach those price targets. Ariana's current share price is meant to be a crystal ball looking six months into the future. So a declining share price does not fill me with confidence as the market will be factoring Peel Hunt, potential good news going forward, debt repayments, etc. I fear that the next rise could lead to a lot of investors selling and not being replaced by any new buyers. This is a genuine concern and fear. There is no point in having the best company, generating revenue and ultimately profits, but no one investing in it to help increase the share price!
16/10/2017
16:24
dingo75: Show me a gold miner who who went from explorer to miner and there wasn't a helluva lot of dilution to finance the project along the way. There me be one or two, but 99% have had to be financed through placings, plain and simple. Look at HUM. Smacked down to 10p from 110p, then the placings at all low prices. Now rising again as the mine is almost ready to pour gold, just as AAU has done. These projects are full of issues and teething problems along the way, you talk to Kerim and Mr Hall, they are seasoned mining men, it's a miracle they've poured gold and are in a gradual ramp up off the back of a solid gold price, they will make it. So all the pontifications surrounding the debt, the placings of old, is all historical. The future is a high grade, v low cash cost Gold Mine with resources that are very obviously upgradeable. The Salinbas project is in for for free. Drill this out to 3m + ounces and you have another $50m + asset to sell, or to mine. There is no secret to a rising share price, it's money, its inherent value. AAU have cash flow to cover costs and very large inherent value in Gold Reserves and in ground. If you watch the share price hour by hour you will slowly rot your mind. Come back in a year, you won't be disappointed. ATB
29/9/2017
10:53
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!
29/8/2017
14:55
bapodra_investments: Gold has gone up and so too has Silver. This is most probably due to the missile launched over Japan by North Korea. However, this is only an assumption from me. The point I am trying to make is that ts has not really made a big difference to Ariana's share price. The higher the gold price the better it is for Ariana. I accept that from a business and profitability perspective. For the share price there are other things in play which means even if Gold went to $1400.00 then it would not have a major impact on Ariana's share price. It has debts to pay for three years. It has to raise further capital for further drilling and exploration. It has to pay everyones salaries and costs of the business throughout the year. Further dilution will happen and further capital will need to be raised and these things are all keeping a lid on the share price.
20/6/2017
06:40
bigglesbingham: The way I the share price will go is the same as the last two raisings, the price will open around 1.3-1.4 it may be slightly higher until the sellers from the placing start realising gains. It may even drop below placing price. Over course of next few months it will hover around 1.3 then it will start a rapid increase to 2 - 2.3p. Last two placing I bought lower than the placing price. This time because so many people have been waiting for the placing and there is so much for AAU to go at I think there is a possibility that more of the companies partaking in the raising will hold and price may go up quicker. Pleased it was successful and we can move on. One point to consider at times like this is what you consider the value of the company to be and for me it's £20m plus every day of the week which including the raising puts share price at around 2p which is why I decided to get a share in the raising even though I realise the share price will probably drop to the placing price.
26/4/2017
12:51
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
20:50
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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