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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ariana Resources Plc | AAU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.25 | 08:00:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.25 | 2.25 | 2.25 | 2.25 | 2.25 |
| Industry Sector |
|---|
| MINING |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 20/07/2021 | Special | GBP | 0.00175 | 18/08/2022 | 19/08/2022 | 03/10/2022 |
| 20/07/2021 | Special | GBP | 0.00175 | 03/03/2022 | 04/03/2022 | 25/03/2022 |
| 20/07/2021 | Special | GBP | 0.0035 | 26/08/2021 | 27/08/2021 | 24/09/2021 |
| Top Posts |
|---|
Posted at 03/7/2024 15:37 by institutional investments Shortarm3 Jul '24 - 15:23 - 25680 of 256830 0 0 Gold up 1.3 percent and copper up 2.8 percent ............ ? Since May, gold is up nearly 4% and Ariana down 27%. Not seeing the relevance in AAU market terms Since the highs of AAU inception, gold is up 360% and AAU down 86% maybe a metals ETF or ETC better then ? |
Posted at 29/6/2024 12:57 by excellance Current mkt cap is £26m and you say they need $82m.IPO on ASX Open offer to existing holders $82m will likely be wrong. So we need to issue six billion shares at least! Clearly they can't issue shares in AAU, the dilution is way too excessive, but they could IPO Dokwe and retain a controlling interest. That way they could offer an open offer to existing AAU holders to buy shares in the new entity. That makes more sense with the AAU share price being just 2p. |
Posted at 18/6/2024 20:20 by bigglesbingham Yea he states that investors looking for dividends shouldn't look for a penny share to provide which I agree with. I'd prefer no dividends and increasing shareprice and cash a number to provide income. More tax efficient pre labour gov if held outside isa and pension. However the point he's missed is many invested here in an animal which was close to becoming dividend producing and things have changed. Personally as I've stated on many occasions those requiring dividends will be equally rewarded via an increasing shareprice and cashing in a number to provide income. The question is when will it increase. Income via dividends or income surrendering a number of shares is literally a mindset. It's what I've told client many times over the years most have taken it on board. |
Posted at 13/6/2024 09:26 by konil of course the increase in resources (reserves yet to be defined) is very exciting.it does not however make the other issues that some here are concerned about disappear. if aau were seen by the market and hence priced as an explorer one would anticipate share price increases based on 'blue sky' thinking by the market. but to date we have seen that is not the case, the market seems unable to differentiate different types of assets within the same company and seems to mark the whole as a producer or explorer, no fine tuning. aau has been 'marked' as a producer. will that change for aau now? it should because the exploration side is outweighing the production by increasing margin. but who knows how the market will judge? if aau begins to be seen as an explorer there will be greater volatility in the share price on each resource/reserve announcement. the nature of the investment in aau will be different. in the long term though the value in aau will depend on which projects make it to production and how long it takes to get there. on this point, it doesn't matter how high the resources/reserves go, what does matter is getting those resources/reserves to production, and today's announcement while exciting does nothing to address the issues some investors have been voicing and are concerned about with regard to the dokwe project and its impact on aau. for clarification: i wish aau the very best, i have an outsize proportion of my portfolio invested here. i have not and will not be selling any aau at these levels. even if the rockover merger goes ahead i will keep holding in the hope the share price will recover to at least my breakeven. however, i post positive and negative as i see it. |
Posted at 11/6/2024 10:44 by kaos3 i will as soon i get enough aau divii hope no one takes my words seriously in any way as i have no clue. i am just stupid bored mama jester boy i just know a little about gardening |
Posted at 29/5/2024 12:10 by konil shortarm, i have lost a lot of the confidence i felt about aau's future. what i am hoping for by hanging around is that in time (i cannot see it happening soon) share price may get to, or close to, my breakeven. i feel it may go further south first but i do not 'trade' so will just sit on my hands.just to be clear about my view...and every investor will have their own view according to their circumstances...i invested here because i saw aau as a low risk play on the gold price (at that time nearly debt free, and a producer with the advantage of blue sky projects too). this was meant to be a low risk part of my portfolio, and quite a find to see a tiddler fit the bill. yes, debt can be a good thing if it generates more income than it costs, but it does come with risks and a dokwe size debt for a tiddler like aau is a big risk, even if shared with jv partners. and with more shares in issue (let's see how many for asx placing and whether more needed beyond the 60% for dokwe) it will need to run faster to generate more profits to see the share price increase the same amount on a pro rata basis. and then today's rns, 'murky' at best. of course aau can still do big things, i hope it does! but the higher risk strategy does not suit me. i feel given time, ks's former organic growth approach would also have yielded big results with far less risk. i didn't get the meaning of the 9% comment in your post? |
Posted at 28/5/2024 17:02 by konil jaynesdad, i agree dilution does not stand on its own. if it comes as a result of increase in assets then, as you point out, it changes the maths.but a lot depends on the type of assets being brought on board. here we have 2 different diluting events for 2 different types of assets. 1. dokwe aau are swapping a big chunk of income producing assets and some large assets with big potential i.e. salinbas (roughly the size of dokwe, maybe be bigger, may be smaller, remains to be seen as more work is done on both) for an asset that has reserves defined but has not yet got a bfs, and we know it will need about $80m to bring into production and no idea where that is to come from. the management have said the intention is loan financing but my gut tells me they will struggle to do it entirely with loan, i anticipate at least some equity funding i.e. more dilution. there are 2 other big red flags for me on dokwe - i dont believe it will be done in anywhere close to 3 years - the regime is rotten each investor will have their own view on these. for me its too much risk. 2. asx listing afaik this will be dilution in return for cash i.e. aau will issue more shares and aau's cash balance will go up by the proceeds of sale of the newly issued shares. even if this is done mathematically exactly on a 1:1 basis on the current share price at the time of issue or even a small premium (note this does not mean the same number of new shares will be issued as there are existing shares, only that new shares that are issued are priced at parity with existing shares), its a poor deal for existing holders if one believes the current share price is currently far short of true value. for those that that think the current share price has over-reached itself and the company is over valued, it is a good deal. further, it remains to be seen whether any increase in trading activity of aau shares on asx actually results in any sustained increase in sp, as management are suggesting. it seems like wishful thinking. and the cash raised could soon be frittered away and aau will be left with enlarged shares in issue with nothing much to show for it. for me this too is not a good move. basically ks has moved aau away from the organic growth model to growth through share issue. this latter approach is often the undoing of many tiddlers, and behemoths too. i can invest in many such companies if i want to (and have done) but the organically growing entity is rarer, especially in the tiddler mining space and that is what i invested here for. to each his own, as the saying goes. |
Posted at 08/5/2024 10:18 by temujiin The merger with the Dokwe debate is a re-run of Ozaltin JV. AAU and shareholders would probably have been better off without the deal, and now pocketing 50% of the gold produced not 23.5%.AAU were and are a good company with good assets despite the JV, but it wasn't the right decision, imo. Dokwe on paper is a great asset, and in 4 years maybe, it will produce a good profit for AAU, but is it good for AAU shareholders now? the share price now, or in the next 2 or 3 years? probably not, imo. AAU has great potential with Salinbas etc, but management seem more interested in potential and marketcap, not on the current share price and shareholder value. |
Posted at 06/5/2024 19:27 by excellance Do AAU have the clout within the partnership to vote for a dividend paid to AAU?At 23% the answer is no. They would need the support of another partner. What if the other partners vote to retain cash and not pay out any dividends, and instead invest the money to grow those assets? What if another partner with a majority interest offered AAU a cash sum? AAU would be reluctant to take such an offer if they had no need to do so, or no other project to invest in. Is it really hard to imagine such a scenario? All our assets are for sale. This is the AAU MO. |
Posted at 03/5/2024 19:02 by jaynesdad Just been catching up having been out most of the day. I think everybody should pat themselves on the head for some some very fine content!My feeling at the moment, which may be fluid as the time goes on, is that I don't think I can vote in favour of this deal without reassurance of how the eventual Dockwe plant will be financed. Obviously the board won't be tied to any course even if they make proposals, but I need to see this de risked somehow. The asset will be 100% held by the 'new' AAU, and even if the share price remains the same that means debt will be well in excess of the Market Cap. AAU hasn't got the majority within the JV, even with Proccea acting in concert, to insist that dividends are paid to AAU. So that source of income isn't assured. My ideal is that there will be a separate JV for Dokwe allowing AAU free carry to first pour there but certainly not by ceding more than 50% (or frankly not approaching it). I don't see that would be an unreasonable expectation given that there should be in excess of 1m ounces with a finger in the air net income of £1k per ounce post costs. Would be please to hear anyone else's opinion. |
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