Excellent speculative punt sub 10p.

Angus & Ross PLC
04 June 2004


ANGUS & ROSS plc ANNOUNCES ACQUISITION OF TANTALUM/GOLD RESOURCE IN BRAZIL -
POTENTIAL FOR PROVING MUCH LARGER RESOURCE - EARLY PRODUCTION POTENTIAL

The Directors of Angus & Ross plc ('the Company') are pleased to announce the
completion of an agreement between its wholly-owned Brazilian subsidiary, Angus
and Ross do Brasil and Sr. Jovair Pereira, ('the Owner') regarding the
development of highly-prospective gold/tantalum licences in the state of Mato
Grosso, Brazil.

The property consists of twelve licence blocks totalling 600 hectares, all
located on farmland belonging to the Owner. It also includes a further twelve
licence blocks totalling 600 hectares licensed on behalf of the company that
abut the above and are generally also located upon the Owner's farmland.

Previous exploration in 1980-2 had focused on the alluvial potential of a 20
hectare portion of the property, and reports generated at that time indicated an
inferred resource of 500,000 tons (220,000 cubic metres) grading in excess of
500 g/t tantalite, i.e. containing close to half a million pounds of tantalite
and about 5,000 oz of gold.

Recent field examination by the Company's geologists suggest that the tantalum
and gold may be shedding from the weathered cap of a primary source also located
within the licence area, and that this is likely to represent only a small part
of a much larger system. This will be the target for early exploration.

The terms of the agreement include stage payments to the Owner of $130,000 over
the next eighteen months. Work commitments for exploration and development are
expected to be $150,000 over the same period and a royalty on both the tantalum
and the gold will be payable to the Owner once commercial operations commence.

It is the intention to start work immediately with the construction of test pits
extending outwards from the previously explored area to define a resource on
which near-term production could be planned. This will be followed by
investigation of the potential source area through geochemistry and, if
justified, drilling.

As previously reported Angus & Ross plc has appointed Richard Stevens O.B.E as
President of its wholly owned Brazilian subsidiary. Mr. Stevens has been
resident in Brazil for over 30 years and is a past Chairman of the UK/Brazil
Chamber of Commerce. The Company's resident consultant geologist is Mr. Bob
Morrow who worked for Western Mining in Brazil for sixteen years and was
involved in the discovery of the Sertao mine now part of the Troy Resources.

Richard Burt, Operations Director of Angus & Ross plc, stated:
'This agreement is very significant to the Company's overall strategy, in that
it provides near-production potential. It also confirms the Company's ongoing
commitment to develop low cost tantalum deposits throughout the world. This
potential production is ideally timed to meet the needs of the expanding world
tantalum market, signalled by the currently rising prices of spot sales which
are once again exceeding $30 per pound.'

Enquiries, please contact:

Robin Andrews Neil Boom
Executive Chairman Managing Director
Angus & Ross plc Gresham PR Ltd
01751 430988 020 7404 9000

James Cumming
Director
Bell Lawrie White & Co
0141 221 7733



This information is provided by RNS
The company news service from the London Stock Exchange

How on earth can a sp drown by 10% with only two sells totalling only 8000 shares!!!! Someone is taking the p$ss here.

This thread has gone very quiet - anyone else out there have any interset in AGU at present?

Yes,

Peaked 3 years ago when I got in at the wrong time! Ex-top man a short-stayer full of the preverbial ******! Don't know much about AGU these days other than wish I'd not bought when I did. Guess it's just like any other small exploration-related company these days - just a case of waiting for a "find" of sorts or some kind of positive statement......................?

So having been in for 3 years I guess you must be pretty used to their ups and downs by now markusantonius. Any glimmer of light in 2005 do you think?

Indeed!

There's always a glimmer with ANY stock, isn't there?

IMHO they will stay flat UNLESS they make a find or a big player gets on board, e.g. a joint venture to explore or something similar. They debuted at 1p. and I paid more than x20 times that amount! Long term hold.

Oh dear! Well I've just got in at 12.5p as a risky play with a small holding. A return to your entry level would be nice from here!

Really hope it happens for us BOTH, Q1! All it needs is for the co. to strike or a find a JV partner. No reason why this cannot happen as there's as much chance with AGU as with any other exploration company.

Question - What persuaded you into buying these c.t. the umpteen others on the market? Maybe you know something that we don't!!!!!

Question - What persuaded you into buying these c.t. the umpteen others on the market? Maybe you know something that we don't!!!!!

What persuaded me was a sudden unexplained rise which I thought might be news leaking of a strike - it wasn't, just a few punters buying on a share tip. Having got them I researched them more thouroughly ( I know - it's the wrong way round!) and was quite impressed with the management team and the prospects, so decided to go long and give them a chance.


Wonder what is prompting the current buying - another tip?

Just joined Moneyam and the board but have been holding AGU for over a year now. I agree withe sentiments. I'm just short of break even but I saw them as a long term speculative punt. A bit frustrating that they haven't allowed me to retire yet, but no worries to date on all the news that I have tracked over the intervening months. Good luck to you both!

So guys - what do you think the upside is? When do you think it will show significant movement - I mean WHEN as opposed to th eobvious answer that it strikes!

Up to 14p today.....

Closed 14p mid.Up 35%+ an average of 4.3% a month rise since June last year.A reasonable return.Can it breakout above 14p/15p or is it back down again?

Don't know, Lex. But let's hope so! Does anyone know what the GRAPHS say the future will be like?

Interesting large trades showing up @ 13.5p which possibly went through the other day not recorded until today. Volume 1,157,541 suggests something is happening.NMS=15,000. Chart looks to me as might push higher and may have rumour leaking out of China,Brazil or even both.Australia suffering from water shortage and laggard in the news stakes. Brazil gold and tantalum play is the more likely and need look no further than RNS dated 16 December 2004 "..........The sixty-nine gold assays that have been received to date have justified the board's optimism for the project.Tantalum and further gold assays are awaited. On the basis of the results received to date, the Company has applied for further licences in neighbouring areas........." Better than usual definition of a mine,hole in the ground with a liar standing at the top.Watch this space. Speculative and potential very exciting IF.........................R=14p Br=15p.imho.

ex-CEO of AGU was prophesing 2+ over 3 years ago. ALL BS IMO but he did manage to personally convince a couple of friends of mine at the time! Basically the demand for Tantalum back then in 2001/2 was far greater than it is today, I'm sad to report! However if they make a decent strike one day then a realistic target is probably 50p. topps IMHO. But if I can recoup most of my original stake then I'll be happy enough on this one. Hope I'm wrong, of course!

Best of luck.

Kus.

Worth a 500 quid speculative punt @ under 10p.Mid now 14.12p with mms moving bid up 13.75p offer 14.5p right on resistance.Thin volumes.

Chinapete - in answer to your question at the end of 9 of 17 this stock was tipped a week or so ago by Tom Bulford of The Red Hot Trader "expecting news from A&R exciting Mato Grosso prospect in Brazil before too long" with a short term price target of 20p

Chinapete,

Do you have any more info. on this article, please?

Up 9% today on no new news (that I can see). Would be good to end the week well into the blue.

Up 12.5% today - anyone have any ideas why?

I believe this stock was tipped on T1ps by tom winnifrith and has recently added this stock to his personal sipp

Great week this week but is there any substance behind the belief? I think so as I'm a holder but would be interested in others' opinions....

What belief, please explain queen1.

mbugger, belief from investors that AGU will find what it's looking for....and in plentiful quantities.

Interesting developments for AGU:

Angus & Ross PLC

12 January 2006

Completion of Black Angel pre-feasibility study

Economic case established for re-opening the mine

Global warming exposes 'massive sulphide' ore body visible on surface

Up-side potential to be established by 2006 drilling programme


Angus and Ross plc announces that mining consultancy Wardell Armstrong
International (WAI) Limited has completed a pre-feasibility study of the
potential of its Black Angel zinc lead project in Greenland, ahead of a planned
intense drilling programme in the 2006 season.

Commenting on the report, Chairman Robin Andrews said:


'The report establishes the economic case for re-opening the Black Angel mine.
There is further substantial potential in the area and we look forward with
anticipation to a successful conclusion to the 2006 exploration programme.'



The study establishes an economic case for reopening of the mine, based on
proven mineable ore reserves of 1.7 Mt of 9.7% zinc, 3.1% lead and 21g/t silver
contained largely in the pillars of the old mine. Using current metal prices
this base case indicates a commercial project with a Net Present Value of
US$52M (using a 10% discount rate) and an IRR of 35%.



The study also highlights the potential for finding additional ore in the
vicinity of the mine. If an additional 1.3 Mt of mill feed at similar grades
can be identified, this would result in the project NPV increasing to US$189M
with an IRR of 56%.



Wardell Armstrong International reports that:



'There are significant and encouraging signs that satellite deposits and mine
resources can provide additional ore for extraction. A re-interpretation of
the regional geology of Black Angel mine and the SouthLakesregion may lead to
additional tonnage from satellite deposits being sourced. The project has a
favourable outlook.'



The company is currently planning a drilling programme in order to delineate
the additional tonnage, having the advantage of records from 160,000 metres of
previous drilling. The prime targets include a significant outcrop of massive
sulphide ore uncovered over the last 15 years as the South Lakes glacier
retreated over 250m - a result of global warming - as well as six other
showings of ore. Grab samples from this outcrop returned grades of 32% zinc and
20% lead.

Up 26% on today's news.

About time too, Queeny! BTW are we still friends after last year's banter on a different thread? :o)

That would depend on whether or not you manage to get my name right I guess.

Apologies, your Royal Highness! But what's in a name, after all, dear?

Now I've heard of quick-witted replies but 6 weeks for that???!!!

Well you normally email me privately, Queenie (with a torrent of derogatory personal insults) but I notice you have withdrawn your contact details for some particular reason...??? Anyway "better late than never!", your RH, as they say. :o)

Why on earth are you cluttering up this thread with your nastiness markusantonius? Holders of AGU do not want to read your drivel. Let's stick to the share if that's possible as there's been a lot happening recently that's worthy of proper comment.

I am somewhat confused, Queenie? There's a huge difference between "nastiness" and plain ole good English "banter", my dear. We both play for the same side here so chill. Anyway I see you are discussing MPF with all your Fan Club - interesting thread! I may get some myself - any advice?

If you could spell "comedy" markusantonius you'd be dangerous. You're obviously not the slightest bit interested in MPF but take a look anyway. The evidence speaks for itself. A wonder share.

OK, it's in my 'Watch' List, Queenie.

The market liked today's news:

Angus & Ross PLC (AGU) ("Angus & Ross" or the "Company") is pleased to announce
the exploration programme for its Black Angel zinc/lead property in West
Greenland.

The three-month programme will include:

* 6,000-7,000m of diamond drilling in 7 target areas;

* Reinterpretation and computer modelling of old data;

* Geological mapping of areas uncovered by melting of ice and snow;

* Airborne geophysical survey;

* Environmental Baseline Studies.

Away we go!!

Heady days for AGU - Is anyone else enjoying the ride? :-)

Obviously not. Oh well, you won't have enjoyed the break through 20p then!!

Roman Boy is back, Queenie / are we going stop arguing since we are both hedging for the same (winning!) team, this time? :o)

38p. min. was tipped by Teather & Greenwood last weekend. Looking good now as things are actually starting to materialise.

25p. Well I've doubled my money now so am glad I showed faith through the darker days. RB - Happy for any holders of any shares to provide informed opinions. Best of luck with your ride.

Well done, Queenie. Hope you haven't sold all of your holding though because TA analysis (plus fundamentals) would suggest the upward trend will continue. Somewhere along the line, profit taking is innevitable, of course. But the future looks very promising for those who have "kept the faith!".

26p and still going sum................................................................ In a profit, at last, after more than 4 long years of suffering! :o)

No, haven't sold any yet.....

....and good job too. Stunning day.

Wise lady. BTW I have read several "independant" research notes on AGU and all (4) are extremely positive about the future. T&G's 38p short term valuation is actually the lowest of all forecasts! With things actually HAPPENING as we write, AGU is rising on fundamentals instead of hype (unlike many of its sector rivals). HOLD! :o)

I sold out the other day - needed the funds! Are you still holding, Queenie?

anybody got any news on agu, i am in for a long term hold!

Great RNS and no response. Lets hope the market work on a slow burn of confidence instead.

its still early days for the results, looks promising though considering contrators are on site looking at road construction seems a big clue, i was getting worried that the share price has dropped since agm sept 1st, i am in for the long term but where is the money going to come from to start the project?

They may well cut a deal for shares for the contractors.

the share price is dropping like a stone at the moment, not many shares being sold though!

AGU a tip in this week shares mag at last people should no about this tidy company with great directors!

check out the share volume on thursday anyone no why?

No idea yet.

yep fidelity made a large purchase reading the feeder news on them. Onwards and upwards hopefully towards 30p ?!?!

Hopefully more than 30p as 30p was the valuation of the black angel project in jan when zinc prices were <$2000/tonne, now the zinc price has doubled+lead price also and more zinc found in the south lakes glacer i reckon 45p is a fair price target minimum. Also ausy projects look good

well lets wait and see shall we, Ive had fingers burnt too often on other stocks to get carried away, but it would be nice to get it right just the once !!

I went through the company overviews on Black Angel and various reports again today and it struck me. The values were based on Zinc at $1950 (Currently at $4,450)!
Noted above but didn't realise how large a difference.

The MM will not go past 21p anyone know why?
Sell at 20.88p and yet offer still 21p and they drop bid price!

massive share volume in agu lately, that zinc price at 1950 was when 83million shares were in issue now there are not 138million+13million options, share dilution... AGU intermim results out soon+news on drilling results.

the markets didnt take to well to agu resource update today even though they found 2 million tonnes of ore!

I can't see why the sp is still falling everything looks good unless it's the time scales putting people off?

I suppose it is the falling price of metals knocking all miners.

i am waiting for the full feasability study in the new year that should give a better idea of how much s the project is worth!

DYOR but worth a look. a speculative miner on the verge of announcing an updated report. Shit or bust this one

agu full year results out soon (end of week going on last years results) this share is so cheap with so much potential, could be another GFM, Lead and zinc prices at near highs, full year results might have more resources found.
Lead price has tripled since 1st feasiblilty report
DYOR.....
then just buy...

From UK-Analyst.com: Thursday 30th August 2007

Mining exploration company Angus and Ross* (AGU) reported full-year pre-tax losses of 4.4 million pounds for the year ended 28 February 2007, compared with 2.4 million last year, due to increased activities in Greenland and Brazil.
The company confirmed that it plans to seek a listing for its new holding company, St Andrews Mining Ltd, created for its Brazilian operations.
It added that it expects to be producing gold within the next twelve months from one of the new projects in Brazil.
The shares slipped 0.5p to 19p but on the back of the numbers GE&CR reiterated its "buy" stance and 46.7p target.

Comment from Luke Heron:

Not sure where a 35p target price comes from, it is hideously conservative. TW's 80p target is not pie in the sky stuff, it reflects the potential value of the parts assuming progress continues on the Black Angel and Brazil spin-out front

The recent drill update was largely missed by the market. This is madness as the results delivered so far this year have supported the 2006 JORC resource estimate of nearly 2 million tonnes of zinc-lead mineralisation at Black Angel. Ching ching

For whatever reason, A&R is valued (unfairly) poorly by the market

This is looking a little undervalued, zinc is now on the up, loads of assets...off topic has anyone noticed that the graph looks like a dodgy punk style hairdo !

Dropping like a stone.....the dodgy haircut is finished.... now doing the sideburns...at this rate...we shall soon be shaving !

Don't RAB still hold a lot of these? Perhaps better to stay on the sidelines here until they have finished their selling?

A bit too late for me...I'm afraid I'll have to stick this one out !

Crikey ! I forget to trim the ear hairs on the graph !

Good news today !

why is this being hammered month after month?

What has happened to AGU today?

I don't own them but they are down 35%. Don't know whether I have missed some news / they are in the process of fund raising / going bust!

Up 275%.

Not bad for a days work!

If only ....

Apologies.

375%

oops.

Typing slip. 500%.

A record?