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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
|
|
|---|---|---|---|---|
| 0.10 | 4.17% | 2.50 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.40 | 2.40 | 2.45 | 2.50 | 2.40 |
| 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 11/11/2024 20:01 by plasybryn Tom has now done another Bearcast (2 in one day) again reinforcing AAU won't need to raise more than about $5m in the ASX listing. News from Salinbas over next 6 months apparently. And yes Tavsan live this year initially (but quickly) paying down JV debt & then free cash flow to AAU.Has the market got it wrong today? Perhaps the timing alongside the fall in the gold price wasn't ideal. We shall see. Rome not built in a day as they say. |
Posted at 11/11/2024 11:03 by jaynesdad Points taken, but the day you stop questioning is the day you should be giving up!You talk about cash flow from Tavsan giving adequate cover, but how are we sure of the cash flow to AAU from that source when AAU cannot dictate dividend payments from the JV, even in concert with Proccea? How do we know that Ozaltin wont divert all, or at least the lions share, to develop Salinbas like they did from Kiziltepe to fund Tavsan? Given the protracted development there (until recently Ariana presentations showed production from Salinbas from 2025) then I would say in one sense that is no bad thing - but not if it results in lack of working capital such as Ariana is facing now. |
Posted at 11/11/2024 10:22 by jaynesdad Hi 5huuAll good points. Ariana as an entity may be able to retain 100% and Sener may then be able to claim to be CEO of a big company with large assets. But the situation for current shareholders is less clear. Current equity holders retain reduced ownership of all asset if AAU dilute, so for us there is little difference in dilution to generate development funds and seeking a JV on good terms. With the funds needed to develop Dokwe compared to current Market Cap it will be an expensive and prolonged struggle for AAU to develop Dokwe alone in my opinion. And we know the poor record of delivering projects on time, I worry how repayments of interest will be paid when there is little or no income, there may be placings to raise cash just to pay interest and that spiral just doesn't appeal. Ariana is not flush with cash and Tavsan isnt necessarily the answer with Ozaltin holding the purse strings, |
Posted at 11/11/2024 09:19 by jaynesdad ShortarmFor a start where do you get 30,000 ounces from Tavsan next year? That figure is an 'up to ' figure which may never be achieved, and I very much doubt will be in the first year of production. Talking of which, the inaugural production of the heap leach has been delayed several times and the latest estimate of Q4 is already considerably through without news (unless I have missed it). It will take time to ramp up production. Provides $13m? How do you get that figure since costs are not yet known and is there any indication that Ozaltin, the dominant partner, will allow any dividend to AAU from the JV? As for anyone thinking a regular dividend is on the way, keep hoping because it doesn't look good, in fact I would see it as irresponsible when borrowing at this rate. |
Posted at 04/11/2024 15:17 by plasybryn He has been a supporter of AAU for more years than i can remember. Apparently he holds a reasonable number and is kicking himself he didn't buy more recently. He knows Kerim well and seems to have a reasonable communication link with him. His mate Nigel Somerfield is also a big supporter of AAU and indeed gold. I believe they think AAU could see 5p by year end, but don't we all. Tavsan, drilling results, ASX listing, Dokwe progress all before year end could accelerate us to 5p |
Posted at 29/10/2024 12:16 by konil trying to fathom aau's holding in panther metals.does aau have 5.5% direct holding and a further 3.1% via aau's asgard metals fund, total aau holding 8.6% of panther metals? or is that double counted? anyone know the true holding aau have in panther metals? |
Posted at 27/10/2024 06:00 by kaos3 ot1. putinaire is a blessing ... he posts there, where i find value 2. i do not invest any more eg add in a juniors, despite value until the feb 2025 - due to geopolitical 3. interesting that the bet buying pure metal and then recycle it back into miners is proving right 4. i am having miniscule stakes in several small value miners ,,,, so i can recite them in the middle of the night to strike when the time comes to sell the metal for shares - including aau 5. i find investing into natural resources companies which are profitable of PE up to 5 atm with huge cash reserves most deserving. why - because they are able, cheap, dividend paying and above all - they are most able to put surplus cash to work when ,not if, the crisis strikes - much better then myself AAU - for me the jury is still out ... superb value, that is for sure. but lol - capital increase risk?, cheap buy out, BOD structure, non being able to guide their own cash flow from the only producing mine, doing their geo work for almost free (paid in shares sometimes, but their revenue is almost zero - how responsible is that?) and all the rest but it could become a huge success imho. depending how determined the big shareholders will act. without them taking position - it will be more of the same. i am being slightly negative regarding the presend situation as you know already (i did shut up) - but most importantly - the new biggest shareholder is an unknown to me - so i am waiting and observing. if i would be a big shareholder - i would orginise a drinking or cigar meeting of a few big ticket boys - and try to determine the disciplined future for the AAU. Showing the present structure THERE IS SOMEONE THEY ARE RESPONSIBLE TO EVERY DAY. if boys would not come - that would be a telling sign hint hint but luckily i am just a poor jester slovenian gardener all imho stoopid opinion i hope this post will not trigger anyone - because it is just delusional |
Posted at 11/9/2024 13:33 by jaynesdad I agree with a lot of that jaf.Sener himself has backtracked in recent interviews about post Tavsan dividends. Now there are logical reasons for that 1) AAU isn't that flush with cash for working capital, bearing mind it has to eke out the dwindling cash position it still retains from the Ozaltin deal. AAU no longer controls any productive asset whatsoever that currently provides a cash flow. 2)AAU, even in concert with Proccea, is outvoted in the Zenit JV. AAU (and Proccea) will only received dividends from Zenit if Ozaltin agrees. If Ozaltin decides to divert surplus JV funds solely to development of other assets held by the JV then AAU is in no position to force the issue. 3) The enlarged AAU is spending money in Zimbabwe. What happens if AAU runs out of working capital? Even if it is allowed a dividend from the current JV why would they then restrict their working capital by giving its shareholders dividends? In other words what business sense is there in distributing dividends and then having to borrow from the market at current interest rates? My working assumption at the moment is that there will not be dividends paid to AAU shareholders for several years, even though Sener keeps claiming that AAU is dividend paying. In fact it would be poor management for AAU to pay them as it could well mean taking on debt at the company level to provide working capital. |
Posted at 03/9/2024 08:12 by shortarm Talk is cheap, dividends are not!.The 20m loan (4.7m to us) allows dividends to resume from Zenit to AAU..Next dividend from Tavsan and Kiziltepe or do we have to wait for a sale or the 130 million annual profit from Dokwe? |
Posted at 28/8/2024 11:49 by shortarm A small sample (SIPP) of how quickly this can and will move!Bought 17th and 18th March 2020, sold September 2020. . AAU Ariana Resources 17.03.2020 148 553 2,09 3 105,35 5,79 £8 598,99 5 493,64 176,91 % 01.09.2020 AAU Ariana Resources 18.03.2020 300 000 1,98 5 931,00 5,79 £17 365,50 11 434,50 192,79 % 01.09.2020 AAU Ariana Resources 18.03.2020 400 000 2,00 7 995,20 5,88 £23 347,92 15 352,72 192,02 % 01.09.2020 AAU Ariana Resources 18.03.2020 37 362 2,06 773,79 5,88 £2 196,89 1 423,10 183,91 % 01.09.2020 |
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