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Ariana Resources – ‘pleased to announce merger agreement’ - Tom Winnifrith buys more shares and argues a cracking deal, after zoom call with CEO

By HotStockRockets | Monday 29 April 2024


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Ariana Resources (AAU) states that it “is pleased to announce that it has entered into a conditional merger agreement to acquire 100% of Rockover Holdings”. How ‘pleasing’ is it though, with the shares down to a 2.3p offer price in response?
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