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Ariana Resources

Current Price 2.05p Bid 1.95p Ask 2.10p Change -3.57%
Last Updated: 24/08/2019 17:16. Prices delayed by at least 15 minutes.
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Company Overview

Ariana Resources is an exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey. The Company is developing a portfolio of prospective licences originally selected on the basis of its in-house geological and remote-sensing database. The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, form part of a 50:50 Joint Venture with Proccea Construction Co. The Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is currently in production. The total resource inventory at the Red Rabbit Project and wider project area stands at c. 605,000 ounces of gold equivalent. At Kiziltepe a Net Smelter Return ('NSR') royalty of up to 2.5% on production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold. In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Project, comprising the Salinbas gold-silver deposit and the Ardala copper-gold-molybdenum porphyry among other prospects. The total resource inventory of the Salinbas project area is c. 1 million ounces of gold equivalent. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.

Financial Highlights Year Ended 31/12/2018

Turnover
£0.00m
Operating Profit
£-1.69m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
10.00

Key Personnel

Michael John de Villiers
Executive Chairman
Dr Ahmet Kerim Sener
Managing Director
Christopher John Stuart Sangster
Non-Executive Director
William James Benedict Payne
Non-Executive Director

Stock Details

EPIC
AAU
ISIN
GB00B085SD50
Shares in Issue
1,059,677,953
Market cap
£22.25m
Sector

Analyst Views (1)

Strong Buy
 
100.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
2.03p
Bid Price
1.95p
Ask Price
2.10p
Volume
1084616
Change Today
-0.08p
% Change Today
-3.57%
Open
2.17p
Previous Close
2.03p
Intraday High
2.17p
Intraday Low
2.00p
52 Week High
2.58p
52 Week Low
1.10p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Ariana Resources Intra-day Chart

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
0.3
0.3
Intangible Assets & Goodwill
17.0
17.5
Investments & Other Non-Current Assets
4.1
2.6
Total Non-Current Assets
21.3
20.4
Inventory
0.0
0.0
Trade & Receivables
1.9
2.6
Cash & Receivables
0.9
0.8
Other Current Assets & Assets Held for Resale
0.0
0.2
Total Assets
24.1
23.9

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
0.3
0.3
Long Term Liabilities
3.9
3.9
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
4.2
4.2

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
20.0
19.7

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
6.1
6.1
Minority Interests
0.0
0.0
Retained Earnings
5.3
3.1
Share Premium Account
11.8
11.8
Other Equity
-3.2
-1.2
Total Equity
20.0
19.7

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
-1.1
-2.7
Cashflow Before Financing
0.2
-2.3
Increase / Decrease in Cash
0.2
0.3

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
0.0
0.0
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
-1.7
-1.7
Pre-Tax Profit
2.2
0.4
Profit / Loss for the Year
2.2
0.4
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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