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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
  -0.28 -4.91% 5.42 7,797,751 16:35:01
Bid Price Offer Price High Price Low Price Open Price
5.40 5.70 5.70 5.50 5.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 6.98 0.65 8.3 57
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:01 O 750,000 5.50 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-07 16:53:115.50750,00041,250.00O
2020-08-07 16:46:085.50700,00038,500.00O
2020-08-07 15:35:015.425,000271.00UT
2020-08-07 15:28:155.644,500253.80O
2020-08-07 15:27:055.612,000112.22O
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Ariana Resources (AAU) Top Chat Posts

DateSubject
07/8/2020
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 5.70p.
Ariana Resources Plc has a 4 week average price of 3.80p and a 12 week average price of 3.40p.
The 1 year high share price is 5.85p while the 1 year low share price is currently 1.78p.
There are currently 1,059,677,937 shares in issue and the average daily traded volume is 4,349,431 shares. The market capitalisation of Ariana Resources Plc is £57,434,544.19.
25/7/2020
19:16
rumpus1: Here you go (shareprophets) - Shares in Turkish gold-producer Ariana (AAU) closed 8.2% higher yesterday at 4.6p – the highest close for eight and a half years and breaking through a line of resistance at 4.25p which has been in place since mid-May. So is it a buy, sell or hold? The portents are good: Ariana’s Head Honcho, Kerim Sener, told us on 29th June that our auditors PKF Littlejohn LLP are working on completing the final Group audit in July 2020 which means that barring accidents we should have those numbers next week. Judging by yesterday’s share price action, perhaps some people think that those numbers will be with us first thing on Monday morning and that the news will be very good. As things stand – before the proposed corporate action to reduce Ariana’s Turkish exposure to 23.5% in return for $30 million in cash – plus an additional bonus from JV  partner Proccea as yet unspecified – Ariana’s Kiziltepe plant held in the existing JV with Proccea is chucking out around 20,000 oz gold a year at an average cash cost of about $550. That latter figure is expected to rise a little in the coming years, but with the gold price having breached the $1900 per oz mark yesterday and now within $20 of its all-time high, and the main bank loan to build the plant paid off, you can do the maths here: Ariana and Proccea will surely be coining it. And there are new plants at Tavsan and Salinbas in the pipeline, both of which will be debt funded so there is no dilution ahoy.. Ariana’s FY numbers will be interesting, but so will further news on the proposed corporate action. In particular, we were being promised a special dividend on completion (slightly complicated by a capital restructure needed to allow dividend payments, which is likely to delay any shareholder reward into Q3 or Q4). But perhaps Ariana will shed further light on this in its FY results statement. Also news on Ariana’s current cash position could provide a little upside: if Kiziltepe is throwing off loads of cash, surely some of it will be heading into Ariana’s coffers eventually. With Ariana’s shares showing distinct signs of life, my 4.5p limit buy mark has been taken out. I hope any that wanted to. managed to get in. Now my attention turns to the 5p mark, when I will be offloading some additional stock I picked up after proposed new JV partner Ozaltin committed to the proposed corporate action but Ariana’s shares declined. I had far too much Ariana stock already, but simply could not resist. At 5p it will be time to get rid of those extra shares: it is all very well having a good share, but one does have to consider position size relative to the rest of my portfolio too, and the position size is already screaming red at me. Having said that, and readers might wish to take a bit off the table at around 5p too, in the current environment it seems to me that gold is almost a no-lose gamble. With government bonds offering return-free risk, gold seems to offer risk-free return right now! So I expect gold to head a good bit higher from here, even if there is a bit of a sell-off in the shorter term to balance out the recent gains (I would view any sell-off as a buying opportunity). With Ariana set to get two further mines going in the coming years, a stack of cold, hard cash and an ongoing income stream from Kiziltepe, everything points to further share price progress and even discounting the cashflow massively from the three mines, the likelihood of the two new mines and a further 10% a year on what Ariana currently has proved up, I still could not reach a valuation below 5.6p per share. As gold goes up and the risk comes down, there is surely still tremendous upside to be had. So the current stance is hold, to sell a few at 5p if you want and then hold tightly, for the top of this run could easily breach 10p and maybe more, if the gold price plays ball.
24/7/2020
11:38
charles clore: I totally understand where people like you are coming from and have often expressed my disbelief in the market's inability to recognise this company that always outperforms operationally but yet never seems to reflect this performance in the share price. We know the share price should be 10p+ by now if you judge what is happening to peers, even those loaded with debt and dilution have multi bagged. Our ceo is good at finding the gold but pretty much useless at promoting the company and attracting new investors. That's why the volume is always low and while that remaims the case the share price will never multibag. So what Kerim and the company needs is a rocket up the bottom or something that will make the market sit up and take notice of what the company has here. Imho that is soon going to happen. First of all with the realisation that profitability is worth about half the current market cap and secondly the merger with a giant that will drag the company into the limelight. And if that doesn't wake the market up nothing will!
30/6/2020
16:26
1candc: Courtesy of Kitco With gold prices having breached the $1,700 an ounce level and sustained upwards momentum, investors should look to buy not only the bullion, but also gold equities, whose share prices have not yet priced in these higher gold levels, according to Peter Marrone, executive chairman of Yamana Gold. “This is one of those situations where one should be less cautious, and one should be invested in the gold sector, but more than gold as a metal. I think one should be invested in gold equities,” Marrone told Kitco News. “While gold prices have gone to these levels, in excess of $1,700, today almost touching $1,800 per ounce, it seems to me that gold equities are not reflecting - in terms of their value and share price – they’re not reflecting that gold price.”
12/6/2020
17:14
risa5: Ariana Resources (LON:AAU) price about to hit new 52-week high The good news for any holders of Ariana Resources (LON:AAU) is that the price is currently trading close to a 52 week high, with the share price up by around -0.61% to 4 over the past week. For investors holding the stock (or considering buying it), the question is: what now? On a one-month basis, the Ariana Resources price has risen by 22.4%. Research shows investors can be left wondering whether to sell the stock and take the profit or buy more and ride the uptrend. What happens when a share hits a new high? 52 week highs are always good news. But surprisingly, the prices of high performing shares can be slow to move when they publish positive earnings news. Research shows this happens because investors are cautious about bidding high performing shares any higher (even if they deserve it). Psychologists call this anchoring. As humans, we tend to take our time when it comes to changing our opinions in the face of new information - even when it's good news. This emotional tug-of-war often ends with the ‘new high’ stock drifting higher in price over the coming weeks and months. The upward trend is called “post earnings announcement drift”. As the news sinks in, momentum takes over and the price moves higher. Next steps With Ariana Resources trading close to its 52 week high, it’s possible that investors in the market are uncertain about whether to buy, hold or sell it. This uncertainty can cause erratic pricing in the short-term before momentum takes over - and it’s worth considering this before making your own trading decision. https://uk.finance.yahoo.com/news/ariana-resources-lon-aau-price-080038480.html
25/5/2020
21:32
rumpus1: Here you go. It basically says to hold. Amid all the bullish calls for Gold, Jordan Roy-Byrne of TheDailyGold.com is suggesting a correction could have started last week. Of course, he has no crystal ball as he is the first to admit, but historical resistance has been hit by the gold price, by the gold-producer majors (as per the GDX ETF) and the gold “juniors”; as per the GDXJ ETF – which is a basket of not-so-junior stocks. So what to do? The first thing to note is that a “correction221; in Jordan Roy-Byrne’s mind can be a correction in price or over time (in that things just mark time for a while). But there is the danger of a bit of slippage. Longer term, Roy-Byrne is a big bull of gold. Given the mass of money printing already underway and the future noises of the printing presses as the full damage of the Coronavirus pin is realised, that is hardly a surprise. But should we be selling our gold holdings? After all, AIM-listed Ariana (AAU) is now through the 4p mark and those lucky enough to have been buying near 1p will be staring at a four-bagger. Fully-listed Centamin (CEY) too is racing away – I piled in at £1 a little over a year ago and the stock is now up to 179p and another dividend has just been booked. As far as Ariana is concerned, I did finally follow my own advice and take a small slice of pie off the table to bring my holding back towards manageable proportions relative to the rest of my portfolio. The problem is that every time I nibble away, the share price moves forward again so the value of my remaining holding is again at a new high – so it didn’t work. Of course, that is not really a problem! In theory, I should be lobbing a few more out – especially if we are heading for a correction. But with corporate action news due in about five week’s time which could transform Ariana’s economics and see it join the dividend list, a production report from Kiziltepe due next week (which will surely be a ripper, given the much-risen price of gold, collapsing oil prices and slippage of the Turkish Lira) and news of Tavsan, Kizilcukor, Salinbas, Arzu South and so on also in the pipeline, I’m going to hold on for more. For what is there right now, I reckon Ariana is probably fairly priced but surely the other prospects have some value too. So my next mark to take another slice off the table will come at 5p (or more, if the news is good). As for Centamin, I am certainly holding out for a share price beginning with a two before even considering lobbing a few out. After all, even at £2 a share, the company has ponied up 10 US cents over the past twelve months in dividends, equating to a yield (at £2) of 4.1%. With gold heading higher, I suspect another hike in the payout will come along at the next half year results and bearing in mind the record payout for 2016 of 15.5 US cents, when the gold price was hanging around the $1200-1300 mark, it seems to me that with gold now over $1700 there is a fair way to go on the dividend front. And of course if Centamin continues its share price ascent it could find itself in contention for a place in the FTSE100, given the market ructions elsewhere, which would see tracker funds getting involved. Perhaps that would be the cue to top-slice. But for all Jordan Roy-Byrne’s warnings, I offer this observation: it could just march on higher anyway. And even if Roy-Byrne is correct, his view only goes as far as suggesting now may not be the best time to buy – and it certainly isn’t the time to sell. So his message is hold on tight. And if we get a correction, that would be the time to buy a few more gold equities in your favourite companies. So I’d better get cracking on the research front!
17/5/2020
22:03
plasybryn: With the passing of time I hope these details are pretty accurate but don't quote me! I hope it might allow a few to feel even more excited about our Hot Gold Corridor. Sorry it is so long. Mariana Resources was an exploration Co. and had for years been looking for the holy grail in numerous global locations . They would go in and then leave if not successful. It was a frustrating long drawn out history for investors, although they had bursts of success like in 2010 in Argentina. But they got lucky with Eastern Turkey (Hot Maden). I believe they started exploring in Eastern Turkey late 2014/2015 and announced their first discovery hole in Feb. 2015. With their J.V. with Lidya Madencilik the aim was to develop greater confidence in the resource with the objective to eventually complete a PEA and then a PFS. They owned 30% of the Hot Maden Project. They had 4 licences covering 7394 Ha. They found Breccia style mineralisation with distinctive red jasperoid hematite. All sulphide deposits (no oxide). Primary sulphides were chalcopyrite & pyrite. It was to become one of the highest grade gold projects in the world. Drilling took place over a couple of years and the discoveries just got better. Despite outstanding drill results H2-2016, the share price refused to budge very much. One wonders if the grades were so good that investors couldn’t believe them! Infill & step-out drilling in early 2017 were undertaken around the main zone area. The results were impressive. High grade mineralisation were encountered. The even better Southern zone was discovered in 2016. 300 metres south of the Main zone. Extensions towards the New Southern Discovery zone yielded particularly encouraging results and they also started to explore the previously undrilled Russian Mine Zone, again in the south. They were funded well into H1 - 2018 having cash reserves of $4.75m and “in the money” warrants were expected to contribute another $1.3m in 2017 and a further $5m late 2017/ early 2018. They completed something like 34,000 m of diamond drilling plus from 2014 - 2017. In January 2017 they announced 35m true width containing 82.2 g/t & 1.44% copper. They were described as the highest gold grade discoveries of the past 15 years. Some results included these from July 2016 which were double earlier finds. Bonzana after bonzana. 83 m @ 15.9 g/t 95.5 m @ 32.1 g/t 71 metres @ 32.7 g/t 61 m @ 82.2 m g/t 69 m @ 62.7 g/t The PEA was delayed but finally released in Jan. 2017 and confirmed it was a world class deposit with a potential post tax NPV for the base case mining scenario of $1.37bn and a post tax IRR of 153%. The share price fell back from 80p to 55p! The study was based on processing 7m tonnes of ore over 9 years. Gold equivalent of 3.43m ozs. Indicated + 439,000 ozs Inferred. Annual production of 266,000 oz of AuEq per year. Payback set at 2.1 years. Upfront costs of $169m, rising to $261m over the mine’s life. Golds price used was $1250 g/t. The PFS was planned originally for Mid 2017. Sandstorm acquired shares & warrants in Mariana & Lydia as clearly they had cottoned on early that there was something special here. Lidya & Sandstorm put directors on the Mariana Board. Mariana decided to dual list, adding TSX. This underpinned their confidence as that doesn’t come cheap. It probably put pressure on Sandstorm to make a move. NOTE: At the time (pre Sandstorm deal in 2016) Ariana had a Mkt Cap of £14.5m & Mariana was worth £77m. The PFS was released in 2018 and considered an underground mine with a processing rate now of 900,000 tonnes per annum. The base case had a mine life of 11 years with av. annual production of 266,000 ozs of AUEq per year at an av. head grade of 11.9 g/t AuEq. Av. recovery was estimated at 77% gold & 94% copper. Upfront capital expenditure was now estimated at $272m with AISC of just £372 per oz. Post tax NPV using a 5% discount was $1.1 bn. With an IRR of 50%. When Sandstorm made their move on the 26th April 2017 (before the PFS!) they offered a deal which gave Mariana shareholders 28.75p in cash + shares. There was 124m shares . Note there was a 1 for 10 share consolidation in June 2016. This was worth £166.85m valuing MARL shares at £1.0971 for their 30% ownership. Compared to Pretium’s high-grade deposit at Brucejack (8m ozs of gold @ 16.1 g/t) it had been said Mariana was potentially worth $380m. The Sandstorm offer was a premium of c. 85% to the closing price of 59.5p on 25th April 2017. The shares rose from c.55p to £1. Mariana Resources shares had of course already risen strongly pre the deal announcement. I recall they were lower than 10p at one time. Hot Maden was described as a straightforward, low capital cost project with estimated initial construction capital requirements of $169m. AISC were estimated at $400 per oz gold equivalent. Mineral Reserve from May 2018 of 9.1m tonnes at an av. grade of 8.9g/t and 1.4% copper for 2.6 m ozs of gold and 129,000 tonnes of copper in the Proven & Probable (2.6 g/t AuEq cut-off) Mariana also had interests in the Ergame project, Western Turkey, Argentina & Cote D’ Ivore. Conclusions: I believe Hot Maden is a VMS system whereas ours is epithermal. But we have found breccia pipe geology in the Salinbas project area which is similar. I believe Kerim believes it is the elephant in the room. I’ve heard it said that it is too big a project to develop for anyone but the largest capital rich players. Interestingly Panmure Gordon only value the Salinbas project in the Ariana Valuation at £14,179,154 or 1.34p per share. Perhaps the Govt. only want to grant permits if they know the players have the wherewithal to develop it comprehensively and within a reasonable timeframe. Ariana going it alone may not be a workable prospect and Proccea is only experienced in open pit mining. I doubt we will ever know the whole story but it is clear the directors who have this much greater knowledge base think this is definitely the right way forward.
21/2/2020
21:48
erro: Have been looking at Arianas share price history and note that in 2006 the share price was 16p and even in 2011 the share price was 6p. Would be interested to know whether anyone on this board have invested since those dates and what was the investment criteria underpinning those share prices at that time. I can’t see how the company could have developed any better operationally in the last few years. Just a bit of background understanding would help especially the 16p! Great company. I would hope for a substantial dividend but would expect they will only announce one when the financial are finalised in June / July providing the deal goes through and their future plans are outlined
28/1/2020
07:20
temujiin: Hello again DJ, as mentioned I'm not implacably opposed to the proposed JV, but would like SH's to think hard about it in terms of what AAU are giving up as well as gaining, and whether in the medium and longer term this JV, reducing us to 23.5% across all it's operations in Turkey, is giving us best value for money. I need to be convinced that it is, and it's important the BoD and proposed JV partner don't assume SH's will rubber stamp a deal just for a short term fix. As for a share buy back, I like that when the share price is perceived to be too low, but don't want management to use that as a way to achieve share price rises to achieve their generous 'share options' strike price. I think share options should be bench marked taking into account of company market cap as well as share price, for a truer reflection of progress.
18/11/2019
13:19
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.
07/8/2019
10:07
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.
Ariana Resources share price data is direct from the London Stock Exchange
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