From £7.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £7.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Ariana – Kicks Shareholders In The Teeth, I am furious

By Nigel Somerville | Wednesday 26 March 2025


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.


I am, as you know, a loyal shareholder in AIM-listed Ariana Resources (AAU) – a company pregnant with Gold assets which should be flying in the current Gold price environment. But its second mine at Tavsan in Turkey is delayed, it has an extremely attractive asset in Zimbabwe but there remains a lack of clarity over whether the government there will help itself to 26% of the asset and a long-delayed dual listing alongside a proposed fundraise in Australia (details still unknown) have plagued the share price. Now Ariana has announced a fundraise at just 1.5p, smashing the already weak share price down from 1.75p to just 1.40p last seen. I am furious.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Sunday »

EZJ

BUY Easyjet

 

PDL

Petra Diamonds Remains a Short

 

Boom

Failed fund manager for PM!

 

Oil-Rig

Oilman Jim: is this legal?

Time left: 17:46:45