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 Shares Traded Last Trade
  -0.10 -3.51% 2.75 7,976,688 12:57:14
Bid Price Offer Price High Price Low Price Open Price
2.70 2.80 2.85 2.75 2.85
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.18 0.21 13.1 29
Last Trade Time Trade Type Trade Size Trade Price Currency
16:08:31 O 1,000,000 2.90 GBX

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Ariana Resources Daily Update: Ariana Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker AAU. The last closing price for Ariana Resources was 2.85p.
Ariana Resources Plc has a 4 week average price of 2.32p and a 12 week average price of 1.90p.
The 1 year high share price is 3.05p while the 1 year low share price is currently 1.65p.
There are currently 1,059,677,937 shares in issue and the average daily traded volume is 4,336,048 shares. The market capitalisation of Ariana Resources Plc is £29,141,143.27.
carcosa: AAU is still a very very small market cap company. Until it reaches the GBP100m mark + dividend it is unlikely that serious institutional investors will waste their time on such a small company. A few days ago I read that valid concern that any special dividend payment would see a corresponding drop in the share price. Certainly a feature of larger companies. In this case however I would hope that it's a tangible sign indicating a higher, more realistic valuation of the company so whilst there will be, to some degree, a pullback on the share price I would anticipate it would be relatively restrained and for a short period of time. However when (if) the MoU gets final agreement and announced to the wider world then it may induce some smaller private equity investor to take a closer look at the company; so my feeling is that by that stage it becomes more attractive to Institutional Investors and the GBP100m mark will not be that far away in 3-6 months time. Furthermore Panmure Gordon will hopefully be seen as promoting AAU far more seriously than before (at least to PI's eyes) which, having a top notch investment banking company on board, can only be seen as a good thing. Will be interesting to see their views post MoU agreement. Remember that Ariana Resources remains the only small-cap gold mining company that carries a Panmure Gordon ‘buy’ rating.
bigglesbingham: Big thing missing is in a normal world when cash is distributed the share price falls by an equivalent amount. HOWEVER AAU is receiving in excess of its market cap in cash so that shouldn't apply. My personal view is if or when the MOU becomes a signed deal the shares will be valued at around 4p to 4.5p. It will be announced that the cap ex debt is paid off in April and from announcement of the deal signing to cap ex repayment will see institutional interest and PG will come into their own resulting is share price of 5p only then (April May ) will the dividend be announced which will reduce the price to around 4.5p. However some will reinvest their dividend to buy shares which could well increase the price or at least offset profit taking. It's what I would do at least but I do believe from here the shareprice looks extremely cheap whichever way you look at it.
dearg doom: Ariana Resources managed to do two company presentations this week on Monday and today Thursday to presumably a select audience of existing or would-be investors. However, neither event seemingly generated sufficient excitement to drive forward the share price. Hence the backward share price slide. Solid enough support for the share price at 2.25p. Shares offered in size at 2.375p. Made multiple purchases between these two prices today. Have finally come to terms with the idea of de-risking the projects to benefit later from bigger potential gains in Salinbas area. Surprising, how few investors interested in averaging up. Very few buyers and even less sellers about. Very much yesterday's news story!
dearg doom: Ariana Resources Share Price 2.5p Not really thrilled with the proposed memorandum of understanding announced yesterday on reflection. So Ariana Resources receives $25m to reduce its stake down to 23.5% in Kiziltepe Mine and its associated exploration and development properties, notably the Tavsan Project. Ariana's most promising asset was Salinbras. Now 53% of that project could be sold for an initial $5m and with another $8m to be spent on Capex by the acquirer for 53% of the entire project. Effectively 53% sold for $13m. Am I reading that correct? Ariana's management is taking a backseat as regards control of projects for $25m + $5m cash + a future $8m CAPEX. Ariana Resources current Market Cap is circa $36m. What is left for $6m ($36m - $30m)is a 25% share in Kiziltepe/Tavsan project and a 47% share in Salinbras, albeit with further CAPEX if successful as its minority share. I would have preferred, using cash from Kilziltepe to fund 100% of Salinbras, while Ariana Resources continues to hold a 23.5% share in Kiziltepe/Tavsan projects. Ariana Resources shareholders are invested in the shares to maximise returns, not simply to have profit share in Kilziltepe, simply to assure future funding for executive staff and their associated expenses. Shareholders should block this deal as outlined above for Salinbras. Better to use the cash received to fully fund all the initial work and later fund CAPEX at Sallinbras and keep full 100% control. The share price reaction and the about-turn in the initial optimism for the deal speak volumes. The upside has become severely curtailed in the medium term with the Salinbras production too distant. Hence, the wind has been taken out of the stock.
charles clore: I'd rather have a chuckle at the AAU share price but it seems to have got stuck somehow. You would think there would be punters all over it with this morning's drill results.
goldenshare888: For clarity and as stated previously: I have sold majority of my AAU holdings (c95% - 2.2p -2.4p range) and only kept a small number of free carry shares. I have no intention or desire to buy back cheaper as I sold out to bank a decent gain, and declining risk reward ratio for AAU. As stated, there are much better and safer opportunities than AAU in my view. Name calling from other large AAU holders only confirms my exit rationale (ie: they are understandably sore due to declining share price performance here). As others are saying, the conflict may not affect AAU operations but it certainly puts investors off! The continual decline since my exit confirms my strategy was right for me. I envisage things getting much worse before they get better. Good luck to all holders present and past.
bigglesbingham: Just a number of points: I've taken part in fund raisings , each time the share price went below the fund raising price so all shareholders could have bought at below the price paid if they do desjred. They have more shares than most therefore why wouldn't they want the share price to go up? Thirdly if it was bought out then their lifestyle company as you put it would end so again the inventive is for them to increase share price. The board has been made fully aware of concerns about the sp/value disconnect and I've been assured they are fully aware and trying everything in their power to address it Charles. Believe me I want share price to take advantage of this Bull gold trend (or bear market as one poster likes to refer) just don't think your logic holds.
charles clore: Cinoib - I think the AAU share price is only partially reactive to the price of gold but others with higher production will probably respond more strongly. However, those who choose to ignore AAU's excellent cost ratios and concentrate solely on ounces produced are, imho, missing a trick here.
rhuvaal2: The AAU share price should be higher but I am one who still remembers the Board giving themselves a load of free shares a year or so ago. After trading I am lucky to have a million @ 0.8p cost and just don't feel like buying more. I have seven goldies in my basket and a couple of those pay good dividends...
scorscribler: I've been a long time lurker, and not sure if any one has posted a direct comparison to Mariana resources recently, but I had a free half hour so thought I would try and work out a potential share price value using Marianas final share price and the value Hod Maden sold for. Please pick it apart and point out any errors you see as I've got to have made a mistake! Marianna: 135,000,000 Share in issue (after a consolidation of 10 to 1) 2,600,000 oz au at HM/ 3,450,000 gold equivalent oz(GEoz) (1:1.327) 167,000,000 Pounds paid for 30% of HM Which gives us £48.40 paid per GEoz discovered and £1.23 per share. Marianas final share price was £1.09 which is 88.6% of the £1.23 mentioned previously. Ariana: 105,517,794 Share in issue (after a consolidation of 10 to 1) Estimation for a 3m oz au find at Salinbas; 3,000,000 oz au at SB/ 3,981,000 GEoz using 1:1.327 Using the £48.40 paid for HM we get: £192,680,400 for 30%. £642,268,000 for 100%. £6.08 per share, or a final share price of £5.38 using the same difference of 88.6% as mentioned above. Estimation for a 4m oz au find at Salinbas; 4,000,000 oz au at SB/ 5,308,000 GEoz using 1:1.327 Using the £48.40 paid for HM we get: £256,907,200 for 30%. £856,357,333 for 100%. £8.11 per share, or a final share price of £7.18 using the same difference of 88.6% as mentioned above. Divide above share prices by ten for a comparison to current share price (i.e. without the consolidation).
Ariana Resources share price data is direct from the London Stock Exchange
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