Ariana Resources Dividends - AAU

Ariana Resources Dividends - AAU

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Stock Name Stock Symbol Market Stock Type
Ariana Resources Plc AAU London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.05 1.08% 4.70 08:00:00
Open Price Low Price High Price Close Price Previous Close
4.70 4.70 4.70 4.65
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Industry Sector

Ariana Resources AAU Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

konil: kizil gives them enough visibility to do it now until tavsan and apliki come on stream. to be clear, i am not talking monster payouts, just an affordable modest payout with some (only some) of the annual profits from kizil. payouts could then be boosted significantly in coming years as tavsan, apliki, salinbas etc. come on stream. and after that (i.e. several years along) there will be other mines or other forms of income eg. royalties, profit sharing, etc. to provide ongoing income. meantime a portion of any large inputs to the company coffers (like the ozaltin jv) could be paid out as a special dividend. companies often do this when business has been good and they have surplus cash. so, how much might the regular dividend be now? keeping it simple, let's say kizil produces 21000oz/p.a. and profit is $1100 ($1700 - $600) = $23m of which aau get 23.5% = $5.4m = £3.9m. there are c.1092m shares, so that is annual profit from kizil of 0.36p/share. they could payout a conservative 0.12p/share and still retain 2.6m annual profit from kizil in company coffers. for investors buying in at today's offer price 5p, that is 2.4% dividend. they could even do this in addition to tranche 2 and 3 of the so-called special dividend, which would then make the so-called special dividend a real special dividend. and with intent to pay regular dividends clearly put in place with actual cash payout not just words, it would attract income seeking funds (pi and ii).
konil: operationally, they have positioned the company extremely well. no doubt there are many details to be ironed out and arrangements with the various jv arrangements to be resolved. and more will come up as further agreements are entered into with the asgard fund and the remaining cash. ks has and will have his hands very full (probably requires the bod to be beefed up as has already been said on this bb) but i would like to see him work on plans for further cash distributions. its time we heard about the regular dividend policy. they kicked that can down the road earlier in the year under cover of the unpopular decision to tranche the special dividend into 3 with payments next year but surely they understand that their shareholders will not mistake tranche 2 and 3 for a regular dividend. in fact those payments will carry a little sour memory with them, a most unfortunate outcome for what should have been a magnificent win. so i'd like to see them start addressing the regular dividend policy.
konil: plasybryn, you could be correct but broker notes are notoriously conservative and sometimes to a nonsensical degree. let's hope that isn't the case here. meantime, hopefully the news that aau will have a share in 3 producing mines by some time in 2023 will continue to seep out and a mini rerate could be on the cards. possibly a bigger rerate event could be the prospectus for the venus ipo. it will bring venus and hence aau to a wider audience and give some yardstick for aau valuation based on the offer price for venus.
kaos3: I am stupid so please for a further clarification: AAU owns 37% and will be owning 50 % soon - and Venus has no money Why did Venus with no money enter the JV - watering down the holding for the AAU shareholders by not going directly and "schlepping" the Venus Co owner with AAU money Why AAU did not go directly - with its cash? Makes not much sense to me it is getting a "gordian knot" this AAU story for my one brain cell
temujiin: With a few exceptions this BB was virtually rammed full of posters proclaiming what a great deal the JV with Ozaltin would be, how it would turbo charge Salinbas, how they couldn't wait to see what Kerim would do with the cash elsewhere and for good measure a few talking about and share price 10p+. Seems like we have more of a buyers remorse BB as things haven't panned out quite they way many expected. I didn't like the deal as I might have mentioned a couple of time :) but AAU are still a well run company with good prospects and plenty of upside from many angles, Salinbas exploration, new Tasvan mine, plus Cyprus being the main ones, but sadly AAU is more of a passenger now and being a 23.5% owner of a small gold mine isn't that exciting. I used to have 3m+, only 1m+ prior to going Ex-Div and now down to about 250k but only because I don't see much share price movement until Ozaltin get their act together and start driving the project forward at the pace AAU used to do. I probably will buy back in once that happens tho, as I still like the prospects.
konil: having spent years creating a producing mine with 2 more on the horizon (near term and medium term) its not surprising that aau is seen as a producer but now it is moving more towards a second phase of exploration. it would serve aau well if they could market the company as an explorer, this is the direction ks is moving, with investments in venus, wts, and through asgard - and it is where aau's strengths lie. enabled by the cash funds and income stream from the initial successful phase of company development and currently with no (very little) debt it is in a rare position for a small exploration outfit. even more rare to find one paying dividends. what? yes really! any investor with an eye for value and an understanding of risk would quickly see the unique investment opportunity provided by aau as a still small explorer, with its large cash balance and 'ready-made' income stream from its mines (soon to be 2 and then a big third). imo what this requires is an effective rebranding and remarketing push explicitly highlighting this new direction and phase of company development. they need to appoint a marketing supremo as good at marketing as ks is at exploration. would not come cheap but could payback surprisingly quickly by reducing financing costs as market cap increases, which would also bring in institutional investors further bolstering aau's reputation.
red imp: I've got my AAU shares in a Barclays ISA. Just out of interest I looked back to see what delays there were with paying other companies dividends. The last one received was paid on the due date. This was a dividend paid on Barclays shares I own. If they can do this for their own shareholders why can't they do it for owners of AAU shares?
zangdook: Because people are taking an interest, here's my experience with dividend paying: IG share dealing - Excellent! They used to be very bad - I remember waiting over a week for a FTSE100 dividend. Recently though they've realised the error of their ways and dividends are usually in the account at the start of business on payment day. HL - So So Dividends usually appear during the day. Never there at the start of business, and sometimes a day or two late. Also, as mentioned above, they have a stupid system of putting dividends in an "Income Account" and making you click through a whole bunch of pages to get at the cash. iWeb - pretty bad (also Halifax and Lloyds - same company) Rarely on the day, and when they do appear, they never make them available in ISA accounts until after close of business. In ordinary share dealing accounts they appear during the day (though not the right day).
meanreverter: One of the great features of a dividend is that — in contrast to retained earnings — the shareholder isn't obliged to reinvest it in shares of the issuing company. In fact, I almost never use a dividend to top up in the issuer: Usually the market is offering something else at a more attractive valuation at the time. For this reason, I prefer to invest in high-yielding shares, or in shares with a reasonable prospect of paying good dividends within a few years. I, for one, will not be reinvesting Ariana's forthcoming dividend stream in Ariana, although I like the company and am a long-term holder. I would expect investors with a similar view to do likewise, but doubtless there are many who think otherwise.
zangdook: I don't think they can attract income funds when the dividend is explicitly a special and there is no definite timetable for starting regular dividends. The third payment is mentioned: Meanwhile, we look forward to providing further updates regarding the record and payment dates for the second and third tranches of the Special Dividend in due course I suspect what happened is that someone finally realised that they hadn't announced the actual payment date and told them they had to put out an RNS, and they stuck in the bit about Asgard just to make it sound as though there was something more to say. It's a bit embarrassing, really, to have to announce the dividend twice because they ballsed up the first announcement. This way it sounds more like a general positive update with multiple bits and pieces. Probably Asgard was on top of the pile of papers on his desk so he picked on that.
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