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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
  -0.025p -1.28% 1.925p 367,200 10:40:31
Bid Price Offer Price High Price Low Price Open Price
1.85p 2.00p 1.95p 1.925p 1.95p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.42 0.04 48.1 20.4

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Ariana Resources (AAU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:13:201.8630,000558.00O
09:39:381.90150,0002,850.00O
08:33:351.90150,0002,850.00O
07:07:521.9037,200706.80O
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Ariana Resources (AAU) Top Chat Posts

DateSubject
23/5/2019
09:20
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 1.95p.
Ariana Resources Plc has a 4 week average price of 1.75p and a 12 week average price of 1.65p.
The 1 year high share price is 2.08p while the 1 year low share price is currently 1.13p.
There are currently 1,059,677,937 shares in issue and the average daily traded volume is 1,822,977 shares. The market capitalisation of Ariana Resources Plc is £20,398,800.29.
26/4/2019
11:48
bigglesbingham: I agree totally. However many are in for salinbas potential and if results poor then some people will leave having effect on market price. However as we near drilling results from salinbas people will pile in increasing the price. So investors have a choice , get in now and ride the wave. Outcome of this will be increasing share price with potential blue sky results if outcome of salinbas is as expected or if the results disappoint then I see share price potentially falling back to today's level after the predrill speculation . Bottom line is why wouldn't you buy now.? I'm limited at 3% directors in a closed period. Obviously something can always hit unexpected and investors need to accept that as do I but facts and research surrounding this company is exceptional compared to other stocks on AIM which hopefully limits adverse surprises. Plus directors have around 10% skin in game.
19/4/2019
16:27
plasybryn: What is the value in looking at the EV (Mkt Cap plus debt less cash). Helpful if looking at the take-over valuation perhaps, but not sure it helps assessing the share price. Obviously the EV is reducing as the loan is repaid meaning with a stagnant share price the Co. just gets more and more vulnerable (better value) to a takeover approach Even a multiple of earnings isn't really accurate as that doesn't take account of all the assets and the potential.Hence PG use a mix to arrive at that figures. I wonder if the target price has been updated?
28/3/2019
11:16
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...
13/3/2019
11:47
catsick: Longer term I think the best strategy for aau is first to get the share price up to a more reasonable valuation and then fold the whole of the jv into aau for a stake in the company eg 20-25% that way there are no jv negotiations to do and aau get to be bigger scale, in doing such a deal would need to undertake to pass out say 50pct of cashflow as divs so proccea would still get a decent ammt of cash, of the listed gold companies the smallest ones trade at the lowest multiples so I think folding the jv all into aau would have some advantages for proccea who would benefit from a rising multiple as they gain scale and I am sure they can have board representatives etc ...
13/2/2019
09:57
carcosa: If and that is an 'IF' yesterday afternoon and this morning share price action is a consequence of a few shareholders selling on the back of the ShareProphets piece then, to my mind, this is a good opportunity for medium/long term holders to add to their position. Opportunities like this do not come along that frequently. Have to remember AAU is a small cap illiquid company where a few share transactions can have a disproportionate effect on the share price. FWIW I have been a continuous shareholder since early 2016
13/2/2019
04:39
carcosa: From: Https://www.shareprophets.com/views/40958/ariana-cracking-news-2p-mark-hit-time-to-take-a-few-profits-but-leave-some-on-the-table-25p-next-stop Ariana: cracking news, 2p mark hit - time to take a few profits (but leave some on the table - 2.5p next stop) By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 12 February 2019 My buy tip for 2019 - AIM-listed Ariana Resources (AAU) – has made the 2p to sell target price: time to take some profits, then - and where’s the ouzo? This is on the back of cracking news of a £3.8 million return of capital to the parent. The implications are that Kiziltepe is throwing off plenty of cash – way more than had been previously disclosed. Having suggested buying at 1.55p (and up to 1.6p) I should be pretty pleased with that after about 7 weeks, but of course I first tipped it almost exactly two years ago – at 1.85p, and watched with smug satisfaction as the shares rose and rose to around 2.25p…..and then BANG – a placing at just 1.25p. That was very disappointing, but in hindsight it looks to me to have been an inevitable consequence of the late start-up at Kiziltepe which was caused by unusually severe weather. After all, the bank still needed repaying on time. My view was to hold firm (and indeed to carry on picking up more shares), although I did reduce the target to 2p from 2.25p. Well, we are there now - and my holding has got a little too big for my liking. I still believe there is quite a way for the shares to go (upwards), but you can’t take it with you and Ariana now represents too much of my share portfolio. Those who picked up shares at prices below 1.6p (and as low at 1.1p) should follow suit, in my view. It is time to enjoy some profits – which should keep me in Ouzo for a fair while! The reasons for holding on to most of my shares are that JV Kiziltepe mine will have paid off the bank in just over a year, the gold price appears set – at least at the moment – for a pretty sharp rise and Ariana has a bunch of satellite deposits to bring into the JV. Officially, I think we are still at around an 8-year mine life (with two down) and Ariana hasn’t been in a huge hurry to add to that life in the short term. I am pretty sure the life will be extended toward 15 years in the fullness of time. Then there is Salinbas, where we can hope for a decent resource to be found. Nothing guaranteed, mind, but it would be a nice bonus if it came off – and Ariana already has a million ounces of gold proved up. I have been saying for ages that Kiziltepe should be throwing off stacks of cash once the bank has been sent packing next April, but this morning’s news shows that the cashflow has been far more substantial than Ariana has let on until now. We knew that Ariana has been receiving around US$ 200,000 per month in loan repayments via its subsidiary Galata Madencilik San. Ve Tic Ltd. That should have provided Ariana with enough cash to keep the plc lights on and pay for a bit of exploration and so on. But this morning we were told that the plc parent had received £1 million from Galata, and a capital reduction is to allow a further £3.79 million to be released. Better than that, the reason given is that the flow of funds from Zenit (derived from revenue achieved from the Kiziltepe Mine) will exceed the working capital requirements of Galata in the future, enabling the direct return of funds to Ariana. In other words, no further capital requirement is expected at Galata. It also means that the cashpile has been growing far faster than the US$ 200,000 per month previously disclosed, and the joint venture partners are obviously confident that the bank loans still remaining to be paid off should be secure. So Ariana now has a cashpile of around £4.8 million, less a few plc costs. I think that puts any last lingering worries about a dilutive placing well and truly to bed. The company tells us that the cash will be used for exploration and development of the project portfolio (including the Salinbas Project) and to fund the general working capital requirements of the Group which suggests that exploration at Salinbas is well covered for some time to come. And from April 2020 the cashflow will increase substantially as the bank will have been settled. This is all tremendous news – and we still have the full quarterly report for Q4 last year to come (any day now) and production guidance for this year (probably next month). That should, I hope, give the shares a further lift even before we consider exploration news from the satellite projects around Kiziltepe which I have high hopes for, and the potential bonus of good (or even spectacular) results from Salinbas. At the current 2.025p, Ariana is still only capitalised at £21.5 million so I see plenty of reasons for further share price appreciation and I want to enjoy the ride. So I’m holding on to most of my shares even if it is time to take a bit of cash off the table. On a spread of 1.95p – 2.1p it should be possible to deal within that and get 2p, so I would be patient if the market makers are a bit shy. My next target is 2.5p in the absence of news – let’s hope for that in quick order. But in the longer term, if Ariana can bring in, say, £10 million a year from Kiziltepe (ie around half its current market cap) once the bank has been settled and the mine life hits 15 years (as I expect in due course), what are the shares actually worth? Surely more than 2p! If you think £10 million is pie in the sky, consider the Q3 numbers: gross income (to the JV) $10.12 million, costs of $330 per 7,588 ounces of gold (and the bonus silver) means cash generated of $7.6 million – which annualises at $30.4 million – or around £23.4 million. That leaves £3.4 million for costs and £10 million each to the joint venture partners. Of course, gold could fall or the plant may need fixing, but you get the idea – and we could see a production upgrade. So whilst I shall enjoy taking some cash off the table, there are plenty of good reasons to hold on for more with the balance of my shares. Now, where’s that ouzo?!
31/1/2019
19:59
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).
12/7/2018
15:25
the_debt_collector: Ask yourself why AAU share price will not respond to operational 'progress' It's simple, they are itching to do another bucket shop placing. What's more the market has latched on to the historic and never ending dilution. 1p target has not been met YET but if they place stock at the usual 15%-20% 'Belliss' discount it will not be far off :-)
22/5/2018
23:39
kirbs4: Im not sure why people deem other AIM directors a suitable comparison? Isn't AAU what is important?I can't speak for other people but my gripe isn't with the value, or even with the base pay at all, it's with the timing and award of the bonus. £109,000 to £137,000 is a 25% hike in base, and the bonus was on top. During 2017 the share price dropped from 1.88p to 1.20p, a 36% drop. That's being generous as the share price was over 2p not long after the start of the year.Now the base pay i can handle as in reality that will have been linked to prior year performance and in 2016 the share price almost doubled. 25% could be seen as excessive but as a shareholder i can take that with an almost doubled share price.The bonus though came at the end of a dire year of bucket shop raising and a 36% drop in the share price demonstrating to me they are disconnected from shareholders. That lack of trust needs rebuilding and the rns released after a few shareholders spoke with the board did not commit to it not happening again, as some seem to have interpreted.
03/3/2018
13:14
carcosa: The question that AAU investors need to consider is what, if any, irregular market activities have been going on with AAU. Personally, as a shareholder, I consider AAU market news flow to be responsible and accurate with relatively little 'fluff'. I also am convinced AAU is a 'real' company doing 'real' business i.e. the assets are tangible. However over the years the ramping/deramping statements issued on bulletin boards have at times been excessive and bring into question the goals of such people. However, is it any different to many small AIM shares?... Perhaps not. More likely individuals attempting to influence other investors. As morally reprehensible as BS but nevertheless 'fair game'. There has often been cries for more market news to be issued regarding AAU as some investors seek mob mentality to prop up their own convictions and moreover the share price for a day or a week. This, unfortunately, is the world of micro/small caps. So what will happen Monday to the share price? Perhaps nothing. Perhaps a mark down as it only takes a few investors to panic and exit to negatively affect the share price. Whatever it is there can be no way the events surrounding Beaufort Securities can be a positive for the company and its share price. If there is a mark down it will be like throwing the baby out with the bath water and thereby providing an opportunity for long term investors to accumulate a little bit more. If (and that is a big 'if')ever an investigation is launched into Beaufort Securities and AAU dating back many years, I feel that it will take years for any investigation to be published (if at all) and have no tangible effect of the company itself.
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