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
  -0.05 -0.93% 5.35 2,030,666 16:03:24
Bid Price Offer Price High Price Low Price Open Price
5.20 5.50 5.40 5.35 5.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 6.98 0.65 8.2 57
Last Trade Time Trade Type Trade Size Trade Price Currency
17:04:08 O 287,786 5.2169 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 5.40p.
Ariana Resources Plc has a 4 week average price of 4.80p and a 12 week average price of 4.65p.
The 1 year high share price is 6.40p while the 1 year low share price is currently 1.90p.
There are currently 1,062,677,937 shares in issue and the average daily traded volume is 1,920,470 shares. The market capitalisation of Ariana Resources Plc is £56,853,269.63.
cowal: Maybe we are getting excited about the wrong colour of metal. {Cypress} LONDON — Analysts at Goldman Sachs believe copper prices could soon test their existing record highs, saying the bull run for the industrial metal is now “fully underway.” Copper prices on Tuesday rose to their highest level since March 2013, touching $7,719 per metric ton following stronger-than-anticipated manufacturing activity in China and South Korea. The metal has since pared gains, with three-month copper futures on the London Metal Exchange last seen trading at $7,626 per metric ton. Copper, which is used in everything from power to construction, has risen more than 22% this year, on pace for its best year since 2017. Prices have been boosted by supply disruptions, hopes for “green” economic stimulus and China’s swift recovery from the coronavirus crisis. “The bull market for copper is now fully underway with prices up 50% from the 2020 lows, reaching their highest level since 2017,” Goldman Sachs analysts said in a research note Monday. “This current price strength is not an irrational aberration, rather we view it as the first leg of a structural bull market in copper.” ‘Some way from its limit’ Goldman analysts raised their 12-month forecast for copper to $9,500 per metric ton, up from a previous estimate of $7,500. The Wall Street bank said it now expects a sustained, higher average price for 2021 and 2022. It has estimated copper prices will average around $8,625 next year, before climbing to an average of $9,175 in 2022. By the first half of 2022, Goldman analysts said, it is “highly probable” copper would test the existing record highs of $10,170 set in 2011. A worker checks the final packing of copper rod during the Metrod official launch for the new plant on Feb. 23, 2019 in Shah Alam, Malaysia. A worker checks the final packing of copper rod during the Metrod official launch for the new plant on Feb. 23, 2019 in Shah Alam, Malaysia. Mohd Samsul Mohd Said | Getty Images News | Getty Images The bullish prediction comes at a time when investors are increasingly optimistic over coronavirus vaccines. It is hoped a safe and effective coronavirus vaccine could help bring an end to the Covid pandemic that has claimed over 1.48 million lives worldwide and wiped out a chunk of the global economy. In addition to vaccine hopes, a weaker U.S. dollar has lent further support to copper prices in recent months. Copper prices had slumped to $4,600 per metric ton in March. Analysts at Goldman cautioned that copper’s path to $10,000 would not be without its hurdles, citing a seasonal slowdown in demand and several periods of price consolidation among other factors. However, the investment bank believes the speculative length in the rally is still “some way from its limit,” adding that significantly higher copper prices would be needed to incentivize new supply and help balance the market over the coming months.
thanksamillion: I have always thought that AAU share price lacks a "takeover premium" due to its various joint ventures. One day when the new partner decides it wants 100% of Salinbas the premium will suddenly appear, I can wait till then.
konil: surely with aau's in-country experience over many years including bringing a mine to production from a standing start and now with a local big boy (ozaltin) adding their weight, these matters have had enough time to be resolved, covid or not. despite noises from aau that all is hunky-dory, it always is until its not i.e. aau themselves may not see the break coming. that is often how business works, a deal is always on until very suddenly its off. a broken deal is not a problem in itself for aau - margins are healthy even with lower gold prices and aau have tavsan to provide a step change plus other projects - the problem will be the market reaction to news of jv not happening. i fear much expectation has been built into the jv and if abandoned and with gold in a downtrend for now it could hit the share price hard. if we do not hear of some progress by early part of december, which leaves the clear calendar month of november between dir dealings and the hoped for announcement, i will not only continue to be frustrated but my 'bad feeling' vibes will be in overdrive.
lottsgold: The price is clearly pined down by the uncertainty of the JV deal going through, this will have a great re-rate once everything is clear for investors. Uncertainty is always going to kill the drive of the share price. IF you don't think it will get to near true value why invest in AAU? Seems odd thing to say Corrientes? Are you pinning hopes on the gold price moving up again with more stimulus?
bigglesbingham: AAU is currently a growth stock at the watershed of becoming an income stock. As with all growth stocks they need to produce the foundation to become an income producing stock and rnss such as this one add to that foundation. AAU has one of the most solid foundations in the junior mining environment and shareholder will benefit from that in the not too distant future. This could be and exceptional run up to Xmas for AAU and its shareholders and reward for patience which has had to be required. Well done AAU but also well done those shareholders who have stayed the course and those who are deciding to join the party before it's too late!!
bigglesbingham: Explanation as to recent rns. With covid there was a rule put in place stating self employed or partners of LLP didn't have to pay 31st July tax bill to 31st jan. Because I believe in AAU so much and still do I used tax money to invest in AAU shares with a view to realising these shares in the autumn to replenish my tax account. I felt it was a bit of a no brainer based on their assets , JV and future prospects. I built up to 35m as quoted on the board. Because this was planned I was able to drip feed into the market at a very slow rate over many weeks so as not to affect the share price. Because last thing I wanted was my remaining 3% 32m being affected or indeed other holders. I was at 3% level well before Kerim exercised his options and the average price for those 3 m was more than the 5.9p Kerim got because of the slow feed into the market. My positive views of AAU are unaltered and I believe everything is still on track. The sale was use of tax money. I know I don't have to justify but it's important that people understand the rationale behind my actions.
amunro: I must admit I find the AAU share price drop a bit odd as its normally a very stable share. Do we think selling out to Özaltin makes people think less gold income to AAU? Also the sudden interest in developing Cyprus could be a move away from reliance on the Turkish operation? This is not an attempt to bash; just interested in others opinions.
temujiin: No director sales are ever popular and KS may have had good reasons to cash in or diversify. What I dislike (and this isn't particularly aimed at AAU BOD) is that BOD's give themselves such stunning share options. KS had 19m share options at 1.55 and according the the article he's on £138,000 a year anyway. At current bid 5.6 - 1.55 = 4.05 x 19m = a pre tax profit of £769,500 I don't know what the share price was when he was given these options but I bet the share price was at, or just below 1.55p. KS and the others have definitely earnt this more than others, but the greed at board level is both well know and disgusting.
konil: perhaps my post has been misinterpreted. it was not intended to cause undue concern or raise alarm bells. with my average close to the share price and not having the comfort of a rising gp or sp, both of which have been tracking sideways recently, i would like to see the jv concluded, and i suspect there are others who feel similarly. i am holding tight because i see the opportunity here (that does not mean i am oblivius to risks nor immune to worry) but others may see it differently and reduce holdings. many here have voiced frustration at the sp, especially in context of other miners' rising share price while aau tracks sideways and seems way behind the value curve. i was offering my personal viewpoint as a possible reason for any selling that is happening, other than just fomo elsewhere.
konil: the rise in the gp will have allayed the jitters of many, mine included! but with that now in a holding pattern for some time and the aau share price having seen a strong rise so not as undervalued as before, reassurance from that aspect must be diminished. imo that puts greater investor focus on the awaited jv and completion of the t crossing and i dotting so that the jv can move forward. given ozaltin are supposed to be well connected i'm guessing they have had sufficient time to move things along even allowing for covid delays. i cannot be the only one getting increasingly nervy about this. the matter has moved into a higher risk category in my mind, compared to previously when it seemed an understandable delay given the pandemic. still holding tight but can understand if some are selling to reduce risk. hope to hear of the jv being put to shareholder vote very soon!
Ariana Resources share price data is direct from the London Stock Exchange
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