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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 Shares Traded Last Trade
  -0.10 -2.94% 3.30 2,244,221 16:17:59
Bid Price Offer Price High Price Low Price Open Price
3.20 3.40 3.40 3.25 3.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 7.69 0.36 9.2 36
Last Trade Time Trade Type Trade Size Trade Price Currency
16:17:22 O 30,000 3.27 GBX

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Ariana Resources (AAU) Top Chat Posts

Top Posts
Posted at 07/2/2023 08:20 by 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 3.40p.
Ariana Resources Plc has a 4 week average price of 2.90p and a 12 week average price of 2.85p.
The 1 year high share price is 4.75p while the 1 year low share price is currently 2.60p.
There are currently 1,096,677,943 shares in issue and the average daily traded volume is 746,017 shares. The market capitalisation of Ariana Resources Plc is £36,190,372.12.
Posted at 02/2/2023 09:50 by konil
paul280i, a project the size of salinbas is likely to require funding on a scale not manageable with internal funding even with 100% allocation i.e. all 3 jv partners contributing pro rata.

however, i reckon they are at least 3 years away before they get to any substantial 'mine construction costs'.

my hope as mentioned by some here, is that they sell it on having proven up enough of the potential to warrant a 'good' price. that's a very difficult call to make i.e. at what stage to look for a sale, unless of course a big player comes along and makes an offer too good to refuse.

meantime, drilling, drilling, drilling is the order of the day i suspect and plenty of patience required by the likes of me. but the payday could be massive.

if it works out like that then the big question is, how much will aau distribute to shareholders and how much will it hoard in company coffers. i suspect shareholders could be disappointed on this point. however the share price should be significantly higher at that stage providing the option to take some capital gains.

all pie in sky for now, a very long way to go. looking forward to tavsan production this year and hoping it marks a step change in share price performance.

also hoping to hear about the 'rescue' of the apliki deal.

and even closer than that, hoping for a run up in the gp.

Posted at 22/1/2023 18:39 by charles clore
Jaf - I agree AAU market cap, hence the share price, doesn't fairly represent the company's efforts, progress - or its cash and assets. AAU should be doing much better than its peers and its frustrating. We all know why. Its because Kerim is uber-cautious. He would never risk letting us down by pushing the risk curve in a way some of the more popular small producers and explorers do. I'm fairly relaxed with this. I have enough to live on without AAU going to the moon but, equally, would be delighted if we sold our share of Salinbas for £100m or produced 100k oz per annum from it. Either scenario being possible imho
Posted at 20/1/2023 11:33 by konil
the good bits in the update are very good. and kizil performance is important seeing as it is the only revenue earner currently.

unfortunately the big miss at apliki overshadows it all, far more than everything else put together. it degrades the aau investment case massively because apliki was supposed to be a large near term revenue earner.

remember we were expecting this to be the 3rd mine in short order - now lost.

opportunites like a fully permitted, built mine (requiring transposition), with ready feedstock and the potential to use additional internal feedstock, reducing the time to revenue from 5 or 10 years to c.2 years, just dont come along that often if ever.

it was a coup for management (venus and aau) to get to that position but to let it lapse is inexcusable - a huge managerial failure.

i'm not interested whether the responsibility lies with venus or aau, its a massive hit to aau's potential near term value, obvious even without the detailed metrics - the value of the headstart in timing, cost, avoidance of politics (permits), is huge and compounded many times by the potential near term profit from the project - now lost.

the only 'good' thing about this is that it wasn't factored into aau's mkt value, being an understated gem or just missed by the market, consequently should not see a hit on sp, but those who know about it will understand the massive loss.

or is the lapse a minor thing which is easily rectifiable? which management can rectify soon and at little additional cost? why not tell us?

ks is spread too thin and he may be a superstar geologist but doesn't seem to possess the commercial nous for this stage of aau's growth. with so much work on (and cash in bank to exploit the opportunities) aau needs a growth stage superstar at or very near the top.



(and, unless i missed it, nothing on tavsan financing? zenit is funding construction currently - if they are looking to avoid external financing altogether with the jv funding it internally, why not say so. either way they should provide update on financing intentions. poor show.)

Posted at 11/1/2023 15:50 by xow98
Shortarm, it is his project, he is doing what he loves, he is earning his salary, taking options, being awarded bonus shares etc. His timeline to get his project completed (by the time he retires?) is significantly different to PI shareholders timeline as we require a decent return through either capital appreciation or dividend returns (Soul has been here 17 years, not sure what his annual return is).

If he is going to remain at AAU until he retires it makes little difference to him what the Capital return is until he retires as he can only achieve the return by selling and it is never a good thing for the share price when the CEO begins to sell down their shareholding. Exercising options at higher prices becomes more expensive, taxes are due etc. I am not saying he is deliberately holding the share price down, merely that there is no great incentive for him to get this done in an expeditious manner.

If this does become a Hot Maden and the company gets bought out he is going to struggle to get another role like this with decent assets where he has a submissive BoD and can run the company at his own pace. I think he loves the exploration side and the financial gain is a bonus.

Nobody has said we have poor assets, merely that the BoD have a duty to drive him to get this done in a reasonable time and to communicate better and it is shareholders responsibility to hold the Bod to account and if they don't do that, to vote for a new BoD who will do so. I believe they have all become too comfortable in their positions and need a serious nudge.

Posted at 09/1/2023 12:04 by konil
imo ks is only interested in prospecting for gold and leaving everything else including running aau and near term and mid term projects to be run by others.

if that approach results in a massive rise in the aau share price no one will be complaining, but how likely is that to happen? and when?

in the meantime there are so many near term items that need aau's management input, which would result in strong share price gains if addressed in a timely manner and brought to fruition asap rather than the seemingly laissez-faire approach being adopted. if this is not what is happening how would we know? we are not given any substantive information.

time for ks to continue in a different role based on his area of excellence and a ceo brought in to do the strategic senior mananagement role? never going to happen without majority shareholder action.

the share price tells the story.

Posted at 06/1/2023 17:21 by backmarker
PoG doing well. I expect AAU share price to start moving up at some point.

overall I have been disappointed with AAU share price AAU seems to be a well-run company, making profits, and with good prospects. so why has the share price been going down ?

women may be from Venus, and men from Mars, but Ariana must be from Mercury.

Posted at 06/1/2023 12:02 by d1g3y
Happy New Year all :-)For me 23 is likely to be a make or break year for AAU. This is more to do with the elephant in the room that is Turkish inflation (currently 84%) / government policy and the knock on consequences rather than anything actually in AAU control. Generally the best time to own mining shares is in the run up to a new mine being brought online (see AAU share price up to and just after Kiziltepe) and as Tavsan should be producing before year end we are now entering into that phase...
Posted at 04/1/2023 16:49 by jaf1948
Just to point it out again - last year I did a mathematical correlation on the price of gold against Ariana's share price and it was minimal (about 20% of the movement in share price could be attributed to a change in the gold price).

Of course a higher gold price will help Ariana's bottom line but that's a different subject, and a much longer time lag.

Posted at 01/12/2022 17:42 by huffster
Someone's (wellsaf) created a whole new thread for just one post. I've copied it and maybe they can respond here

wellsaf 1 Dec '22 - 14:54

I was present at this and spoke separately to both Karim and to the Chairman, Michael De Villiers, afterwards, as well as getting a question in during the Q & A at the end of the presentation. My focal point was Tavsan. At the presentation Karim stated that a finance deal (to borrow all the money that Tavsan needs) has not yet been achieved and that for now this has been put on the back-burner, with Ariana self-financing Tavsan for the time being and returning to the capital markets in early 2023 to see if things have improved. (Clearly it's no secret that the era of cheap money is at an end, to say nothing of the particular difficulties of the Turkish lending market). Some bullet points of information I got out of these discussions are:

-production is still on to commence for Q3 of 2023
-there is no especial slow-down in developing Tavsan even though the bank financing is not in place.

Personally I was concerned earlier in the year as I saw that the financing was not happening, the $50 million that Ariana wanted to borrow. I think it remains the case that money does need to be borrowed, and a finance deal reached as soon as possible. However after yesterday's discussions I see that the situation as is is not all bad.

It is perhaps not a bad thing that AAU have to use their own cash pile to fund Tavsan for the time-being: they are likely to be highly prudent with expenditure. With 50mm in the bank suddenly corporations can become loose with spending, on new plant, 1st class flights, overpaid consultants, whatever. Without it, plant will perhaps be bought 2nd hand, flights taken economy, hiring kept to a minimum. This may mean more profit at the end of it.

I also don't think it's a bad thing if AAU use the profits out of Kiziltepe to fund Tavsan rather than for instance sending that money out to shareholders in dividends in 2023. To me it is better invested in Tavsan.

It's also worth realising that AAU haven't taken a bad deal. They haven't taken a loan on swingeing terms nor given away a chunk of the company for the financing. This reflects the strong position AAU are in. They can wait and still get on with things in the short to mid-term.

It is perhaps also worth saying that the further down the road AAU can get with getting Tavsan up and operational using their own resources before they approach Turkish banks again for financing, the easier that deal-making might get as there will be more knowns and fewer risks.

As for the likely situation of capital markets in Turkey in 2023, I'm not sure that the climate will improve. I think 2023 might perhaps be the most locked-up year of them all. But hey, that's business. Sometimes things just can't happen optimally. At worst we as shareholders will just have to be patient a little longer.

What one has to say to Ariana is, 'congratulations on your new drilling results at Tavsan' - great!

By the way, the mining fair going on next door in the Angel Islington was seeing far more people and far more interest than last year, according to Micheal de Villers. Last year it was dead. This year suddenly people were interested again in junior miners. There was a buzz around the stalls. So that's a big positive.

As for the prospects for AAU share price, we're perhaps not quite out of the woods, but I reckon we've hit bottom, to mix metaphors, and I think there's every chance that by this time next year we'll have a much stronger share price.

Posted at 01/12/2022 14:54 by wellsaf
I was present at this and spoke separately to both Karim and to the Chairman, Michael De Villiers, afterwards, as well as getting a question in during the Q & A at the end of the presentation. My focal point was Tavsan. At the presentation Karim stated that a finance deal (to borrow all the money that Tavsan needs) has not yet been achieved and that for now this has been put on the back-burner, with Ariana self-financing Tavsan for the time being and returning to the capital markets in early 2023 to see if things have improved. (Clearly it's no secret that the era of cheap money is at an end, to say nothing of the particular difficulties of the Turkish lending market). Some bullet points of information I got out of these discussions are:

-production is still on to commence for Q3 of 2023
-there is no especial slow-down in developing Tavsan even though the bank financing is not in place.

Personally I was concerned earlier in the year as I saw that the financing was not happening, the $50 million that Ariana wanted to borrow. I think it remains the case that money does need to be borrowed, and a finance deal reached as soon as possible. However after yesterday's discussions I see that the situation as is is not all bad.

It is perhaps not a bad thing that AAU have to use their own cash pile to fund Tavsan for the time-being: they are likely to be highly prudent with expenditure. With 50mm in the bank suddenly corporations can become loose with spending, on new plant, 1st class flights, overpaid consultants, whatever. Without it, plant will perhaps be bought 2nd hand, flights taken economy, hiring kept to a minimum. This may mean more profit at the end of it.

I also don't think it's a bad thing if AAU use the profits out of Kiziltepe to fund Tavsan rather than for instance sending that money out to shareholders in dividends in 2023. To me it is better invested in Tavsan.

It's also worth realising that AAU haven't taken a bad deal. They haven't taken a loan on swingeing terms nor given away a chunk of the company for the financing. This reflects the strong position AAU are in. They can wait and still get on with things in the short to mid-term.

It is perhaps also worth saying that the further down the road AAU can get with getting Tavsan up and operational using their own resources before they approach Turkish banks again for financing, the easier that deal-making might get as there will be more knowns and fewer risks.

As for the likely situation of capital markets in Turkey in 2023, I'm not sure that the climate will improve. I think 2023 might perhaps be the most locked-up year of them all. But hey, that's business. Sometimes things just can't happen optimally. At worst we as shareholders will just have to be patient a little longer.

What one has to say to Ariana is, 'congratulations on your new drilling results at Tavsan' - great!

By the way, the mining fair going on next door in the Angel Islington was seeing far more people and far more interest than last year, according to Micheal de Villers. Last year it was dead. This year suddenly people were interested again in junior miners. There was a buzz around the stalls. So that's a big positive.

As for the prospects for AAU share price, we're perhaps not quite out of the woods, but I reckon we've hit bottom, to mix metaphors, and I think there's every chance that by this time next year we'll have a much stronger share price.

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