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 1.08% 4.70 1,855,708 08:00:00
Bid Price Offer Price High Price Low Price Open Price
4.60 4.80 4.70 4.70 4.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 5.09 0.45 10.4 51
Last Trade Time Trade Type Trade Size Trade Price Currency
12:15:00 O 31,126 4.61 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 4.65p.
Ariana Resources Plc has a 4 week average price of 4.05p and a 12 week average price of 4.05p.
The 1 year high share price is 5.75p while the 1 year low share price is currently 4.05p.
There are currently 1,091,677,943 shares in issue and the average daily traded volume is 897,615 shares. The market capitalisation of Ariana Resources Plc is £51,308,863.32.
kaos3: I am stupid so please for a further clarification: AAU owns 37% and will be owning 50 % soon - and Venus has no money Why did Venus with no money enter the JV - watering down the holding for the AAU shareholders by not going directly and "schlepping" the Venus Co owner with AAU money Why AAU did not go directly - with its cash? Makes not much sense to me it is getting a "gordian knot" this AAU story for my one brain cell
jaf1948: A year ago today, the share price was 6p. Since then, virtually every RNS has been good news about Ariana and the share price today is almost 4p. As they used to say at school; Discuss.
charles clore: It won't affect their bonuses and they dont dispose of their shares so I can't see a declining share price affecting them at all. Let's face it, they couldn't give a tinkers cuss about the share price. All they want to do is explore and cherry pick at little projects while they sit on a fortune in the bank and mine their assets.
temujiin: With a few exceptions this BB was virtually rammed full of posters proclaiming what a great deal the JV with Ozaltin would be, how it would turbo charge Salinbas, how they couldn't wait to see what Kerim would do with the cash elsewhere and for good measure a few talking about and share price 10p+. Seems like we have more of a buyers remorse BB as things haven't panned out quite they way many expected. I didn't like the deal as I might have mentioned a couple of time :) but AAU are still a well run company with good prospects and plenty of upside from many angles, Salinbas exploration, new Tasvan mine, plus Cyprus being the main ones, but sadly AAU is more of a passenger now and being a 23.5% owner of a small gold mine isn't that exciting. I used to have 3m+, only 1m+ prior to going Ex-Div and now down to about 250k but only because I don't see much share price movement until Ozaltin get their act together and start driving the project forward at the pace AAU used to do. I probably will buy back in once that happens tho, as I still like the prospects.
konil: jaf, re. 7724, i'd say that is an unlikely strategy for the bod to employ. in my experience companies are usually very keen to have as strong a share price as possible especially when considering acquisitions or jv's because this significantly reduces the costs where any portion of a deal is paid by shares. and a strong share price also supports the cash position to get better terms when considering loan finance, and is less dilutive when considering equity finance. so unless aau have found a new financial formula i'd say its more likely the bod are just getting on with the business in hand and perhaps neglecting the pr somewhat. as frustrating as it is for shareholders whilst the market catches up with the story, i'd much rather it be this way around than the other, where there is much hoopla around the pr but little operational/business progress backing it up. you have probably heard the saying that the stockmarket is a mechanism for transferring wealth from the impatient to the patient, aau is a splendid example of that!
konil: soul, i'm pinning my hopes on the gp rising, but currently that seems to be about as stagnant as the aau share price :-( but all those piling their divi cash back in will see the share price in the blue. they will wont they? they've said they will. and it will wont it? not long to wait and see.
renniks2016: Surely the 'parts of the business that interest them' are the same parts that will provide future growth, revenue and opportunity, so that is also in our best interests as shareholders, is it not? A lot seam to want to have their cake and eat it, too. S1) So they invest revenue to grow and expand portfolio, develop existing assets, increase resource estimates, extend mine life, build new mines, find new targets, increase company value with the above , which is then reflected in an increased mcap and share price, but wait, I want rewarding too, S2) so give revenue money to share holders via regular dividend instead? so what happens to S1) It slows down, some wont even happen, short term policy to pump the share price on unsustainable growth through lack of investment, ok so might attract some institutional investment, but is that really the be all and end all here, I don't think so, but thats me, we all have choices to make, and I believe if you come across a team, as proficient and passionate about what they do, as those at AAU, in the game they are in, with the assets they have and with the track record of the last couple of years, in the cilmate we find ourselves in, then at some point in the future, you will realise that you have found, quite literally a 'gold mine' Here enddeth the lesson for today. Enjoy the weekend, you never know what is around the corner.
jaf1948: Soul's point about Kerim highlighting Asgard made me want to post something that has been on my mind since I stopped posting. Don't worry - I'm not back as a regular poster - yet. Nothing but good news and good results for the past year or so and yet the share price stays obstinately low. Various theories have been put forward – it’s under the radar; there is a big background seller; Turkey isn’t safe – but I believe it is simpler than that. This is only my opinion but it could explain the movement of the share price, or lack of it. The market has come to realize that Ariana is a superb geological enterprise which may well become quite lucrative, but that there is no guarantee that same wealth will ever trickle down to the shareholders. The more the company earns either directly or through JVs, the more the company is able to spend on the parts that are of more interest to them which would of course mean less to distribute to shareholders. The management team have yet to convince the wider market (i.e. potential new investors) that the company’s strategy is to maximize a return to shareholders within acceptable time frames. Indeed, it appears to be run to satisfy the passions and inclinations of the directors. However, despite all that, I am staying invested as I believe the share price will move up gradually but not excessively.
base7: I was fortunate to buy in here a few years ago for around 1p so cannot complain at our share price performance over recent years, although surprising to that it has fallen back to a lower trading range despite the gold price holding up & all the good news out of Turkey, together with the special divi of .525.I doubled my holding recently ahead of the dividend & hope for a strengthening share price as our project continue to develop achieve , or over achieve. Great to see our Chairman & CEO with decent skin in the game-apart from options etc.
plasybryn: I'm no expert on trading volumes or how Market Makers move the price and spread, (secret science?) but it seems to me it wouldn't take much concerted buying to move the price quite considerably. Traders must be aware that many investors will use all or part of the special pay-out later this month to buy more Ariana shares and that alone could have a marked positive impact on the share price. Will they want to buy in ahead of that? But on Fundamentals it looks like the Tavsan E.I.A. is very close from what they said this morning and the market will acknowledge that is a major milestone in the path to getting into production at our second mine. A big de-risking milestone. There is always a concern that locals will object etc. but that consultation process is now complete and the application has been re-submitted to the powers that be to grant the E.I.A. So that was a big plus this morning. Perhaps it will take a bit of time for that to sink in. The second SAG Ball Mill has also been constructed and completed so throughput numbers from here on in will be up nicely, compensating and more for the current lower grade ore. Don't forget they also told us in July they have a stockpile of over 285,000 tonnes that has been established, representing about 10 months of enhanced production capacity. We were also told earlier that drilling at Salinbas could start in September. As has already been mentioned, we should imo be due some exciting news from Cyprus in Q4. I'm expecting (optimistically) that the next release on Cyprus will start to put the potential there into some sort of context. So going back to my question about how little volume is needed to shift the share price, Q4 could, with a bit of luck, at last see us re-rated to a more realistic level without even that much buying effort. Bring in heavy buying and who knows what could happen. Anyone agree?
Ariana Resources share price data is direct from the London Stock Exchange
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