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Share Name Share Symbol Market Type Share ISIN Share Description
Ariana Resources Plc 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
  0.05 1.25% 4.05 3.90 4.20 4.10 4.00 4.00 1,800,583 09:12:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 2.2 0.2 19.3 43

Ariana Resources Share Discussion Threads

Showing 27776 to 27800 of 32575 messages
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DateSubjectAuthorDiscuss
06/10/2019
19:33
Fantastic reply Ash, very much appreciated. I now feel I have a good grip on what is happening here.
thanksamillion
06/10/2019
18:57
Thomas I think most here would be surprised if it wasn't the Turkish part of the Island. Kerim referred to 'time having stood still for 2 generations' in terms of geological exploration and interpretation, and I took that as meaning the Northern Turkish part. Also the vast majority of AAUs interests are in mainland Turkey, and are dependent on Turkish authorities for many permits now and in the future to develop those assets. I cant see them doing anything to hurt this
jaynesdad
06/10/2019
13:43
I was wondering what he meant by Cyprus, he talked of close cultural links so I thought he may be referring to Northern Cyprus which is Turkish and hence the close links. Does anyone know which part of the island he is referring to.
thomas11
06/10/2019
12:34
The £1.121m exchange losses on translating foreign operations is the reconciling adjustment required to convert the subsidiary accounts in TL to GBP as outlined in my previous post. The movement is reflected in equity by the increase in the translation reserve rather than retained earnings to reflect the fact that it is a 'paper' loss rather than actual loss. With regard to the cash in bank figure, I have posted a file share link to some cash flow statements I have prepared together with some analysis on the LSE board this morning, which may be of use. My understanding is that a dividend has been declared by the JV, but not yet paid. I have postulated that this may be c. £6m with a 50% share to Ariana in my posts, but on further reflection, it may be higher, say, c. £6.8m as the losses on translating the JV accounts (which are within those accounts rather then the group figures) are probably much smaller given the much lower depreciation of the Turkish Lira during the 6 months to 30th June. I would re-post here, but the characters in the file share link get messed about when copied so it becomes a bit of a pain! Cheers, Ash
m20ash
06/10/2019
12:03
Thanks for the reply m20ash. Sort of clears most of that up in my mind, so does it follow that the other figure of £1.1m classified as "Ex diff on foreign ops" relates to other fc actions. I see it is not subtracted from the final profit figure as it may be assigned to P&L later. Very confusing, as including this figure in either P&L or Balance Sheet now would give a profit around £100k. I am still finding it strange that the cash in bank figure has not increased significantly. Cant see why cash should be retained in the JV rather than AAU per the "Receivables" figure. I will shut up now.
thanksamillion
06/10/2019
11:59
Cheers Ash keep the explanations coming. Good to have a practising accountant on board.
bigglesbingham
05/10/2019
21:19
Hi Thanksamillion, the other comprehensive loss for the period is principally the exchange differences on translating foreign operations. All operations in Turkey are carried out by subsidiary or joint venture companies incorporated in Turkey to comply with the requirements of Turkish mining law for the granting of licences, etc. The transactions of these companies are conducted in Turkish Lira (TL) and the accounts are also reported in TL. When their results are consolidated into the Group accounts, the Turkish company accounts are converted from TL to GBP. You may ask why this do they simply not convert the profit and loss results and balance sheet at the FX rate at the balance sheet date. If only accounting reporting conventions were so simple! Because there is an accounting standards requirement to report non-current assets such as intangible exploration assets at their historic cost, which remains fixed in the consolidated accounts year on year, the conversion of their value from TL requires an adjustment for the difference between the historic cost in GBP and the latest translated GBP cost at current exchange rates and because the TL has been depreciating against GBP, the assets are now being valued in GBP at less than the historic cost. This gives rise to a 'paper' loss in the group consolidated accounts, although the cost in TL in the subsidiary accounts remains the same. Hope that helps. Cheers, Ash
m20ash
05/10/2019
19:48
JD I take your point re earlier investors, I suppose until/if the share price rises above 5 or 6p there will always be some who invested upto 9 years ago wanting/glad to get out at break-even. For the record I started mid 2017. Regarding the PE it compares quite unfavourably with the headline Profit before tax of £2.3m for the first six months, (would give PE of 4 for the full year), assisted by the deduction of "Other comprehensive (loss) for the period" c£1.0m. or nearly 50% of half-year profits giving my PE of 10(the company excludes this from PE calcs), I wonder what that was, and if such charges are to be expected every half year. Not trying to be negative here, I am just looking for clarity, as I have said in earlier posts I'm no accountant - all responses welcome.
thanksamillion
05/10/2019
17:20
Well, 80% up from a fairly localised low but I get your point. Many very early holders are still underwater I think! My first investment was in 2016 from memory. The PE should be significantly higher next year. Out of interest, I looked at the latest Investors Chronicle in Sainsburys when I was there, expecting some coverage of the results - I think they normally say something about all quoted companies results no matter the MC. Mind, that may true only for full year rather half year. Whatever, I couldn't find anything in it about AAU, and it was the edition published yesterday.
jaynesdad
05/10/2019
14:25
As a long term holder I prefer not to complain too much after an 80% increase in share price over the last twelve months. Need to be aware of current limiting factors, such as a PE ratio of around 10 going by the latest half year report. I look forward to another 80% rise by this time next year. I believe that a steady two year rise of the sp, alongside continuing good/steady as she goes exploration results and repayment of debt completion will be the trigger to generating better institution involvement.
thanksamillion
05/10/2019
11:06
I thought about Cyprus. I can't see a 'wow factor' emerging there. Yes it may be a fantastic deal for AAU, and produce significant value in the future. But we are talking relative to a £20m MC company. That is one of the attractions of AAU. Its size means that, if they continue to get it right, even relatively small deposits could give extraordinary % returns in future. But the Cyprus deal, when it happens, isn't going to make the Daily Mail business page! Double edged sword, its small size means its hidden from view and under the radar. One the other hand its hidden from view and under the radar...!
jaynesdad
05/10/2019
10:29
Needs some 'wow factor', I would also suggest most investors who are interested in gold miners are aware of AAU, but think it too insignificant to bother. These are the investors who need stirring up. Cyprus may do this, Salinbas may do this. Who knows? This really is a great company, but it is small in the scheme of things.
dixi
05/10/2019
10:21
This is an unusual share. Due to a lack of 'getting the message across', and a known clique of well informed believers who have over time invested more and more, I imagine there is a relatively small investor base. The BOD have a fair chunk, several (including me)on here and LSE have a fair chunk. I don't imagine existing investors have got much headroom (ie either available cash or because they are aware that they are already stretching sensible investing rules) to buy into this much further. So where are the buys going to come from to move the SP? I suppose the answer is effective PR but we know we don't have that available....the ones we have demonstrated they cant even organise a phone in! Or maybe a real shock announcement that will reach the financial press? Put another way, a rights issue would be a poor idea at the moment, I cant see existing investors being able to fully participate unless the amount being raised was relatively trivial (I know that I couldn't, and I mean that seriously) - that would result in a major overhang in the shares depressing the share price for months! Have a good weekend
jaynesdad
04/10/2019
16:59
That was a first class interview - I'm happy with that one indeed :-)
dixi
04/10/2019
15:45
He's confirmed copper / gold that's why I thought it was CHF . But bought some CHF on back of 1.2m in cash and some excellent licenses and directors bought at 6-7p so skin in game. I don't mind Kerim slightly changing his stance and listening to us. We've been telling him to be more positive for ages .
bigglesbingham
04/10/2019
14:18
That's good Ash. You seem to have a real understanding of the finances here. I thought it was the JV, so I watched the interview again in the hope that Kerim confirmed but sadly not!
jaynesdad
04/10/2019
14:16
Hi JD, the working capital loan is within the JV. Cheers, Ash
m20ash
04/10/2019
14:06
Just watched the proactive interview again. Was impressive. Does anyone know if the £7m working capital facility is solely attributable to AAU or, like the construction loan, to the JV? Have to say that the sign off (BMW to Tesla) makes me cringe, so unlike how I have seen him interview before. I would have expected such a sign off from a slick shiny suited American not Kerim!
jaynesdad
04/10/2019
14:06
Just watched the proactive interview again. Was impressive. Does anyone know if the £7m working capital facility is solely attributable to AAU or, like the construction loan, to the JV? Have to say that the sign off (BMW to Tesla) makes me cringe, so unlike how I have seen him interview before. I would have expected such a sign off from a slick shiny suited American not Kerim!
jaynesdad
04/10/2019
13:47
biggles - could it be a copper gold porphyry? I believe a VMS was mentioned, they often produce polymetallic deposits.
charles clore
04/10/2019
12:47
20kg copper in standard car 106 kg in Tesla model 3
bigglesbingham
04/10/2019
12:30
excellent confident interview. answered all the questions that have been angsted on here for some time. I like the Tesla aspiration, but historically I see AAU as having been a Ford Cortina. right now it could be a VW Tiguan ( - yes, I happen to drive one, and VW may yet outshine Tesla in the electric vehicle stakes ). but a BMW ? never. ( and yes, I hate BMWs)
backmarker
03/10/2019
15:05
Either that or some holdings are being shifted around.
charles clore
03/10/2019
12:13
Sound like institution adding at mid price imho hence no market movement
bigglesbingham
03/10/2019
12:11
Gym: -the two large 1m+ trades at 2.1 must have been buys as know for certain that the two later trades at 2.09 were definitely buys - (even though showing as sells). mms still holding it back.
coachsailor
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