Iron ore, ilmenite, titanium sponge - not the latest special offers from Tesco but the range of interests that the Peter Hambro Mining offshoot, Aricom, has up its sleeve. Revenue generation is not far away and the potential seems to be limitless.

It started like a rocket but it looks like the poor start on Wall St brought it back down. Now it is a questions of whether the SP will come back to the early 40's. The question is has any fundamentals changed for the company or is it just loss of confidence in the general market ?

Just a loss of confidence pumben. When you think that the FTSE100 was down over 100 points today, a 1/2p drop isn't actually that bad - better than most of my portfolio!

What r your thoughts on the large sells after the close ? Could be an interesting opening tomorrow !

As it turns out its been an up & down day so far. I don't think you can really ever trust after-close activity as an indicator for next day trading. Sometimes it confirms a trend, other times it goes in the opposite direction to the one expected!

Aricom has signed a commodities cooperation agreement with Oboronimpex to investigate opportunities in strategic commodities. Under the cooperation deal, the companies will assist each other in reviewing opportunities in strategic raw materials - primarily those containing titanium, tungsten, molybdenum and tantalum, in establishing new production facilities.

Following the agreement, the Anglo-Russian developer of mineral resources will form a Cooperation Management Committee to manage the process, which will be headed by Director General of Oboronimpex as Chairman. OboronImpex is the investment and managing company in the Rosoboronexport Group.

It's taken a little while but I'm back at break-even with TIO. Onwards and upwards from here I hope!!

Aricom said its first-half pretax loss widened to 1.99 mln usd from 1.12 mln last year due to an expected increase in administrative costs for the expansion of its operations to become fully operational. The company said administrative costs rose to 6.1 mln usd in the first half from 2.2 mln a year ago.

It said it currently expects all its drilling and evaluation works to be completed in 2008, adding the Kimkanskoye deposit will start operations in 2009/10 and reach full production in 2010/11 at a mining rate of 10 mln tonnes per year.

Production at Sutarskoye should commence in 2013, in accordance with the provisions of the licence, Aricom said. It said construction of its Kuranakh project continues on schedule.

what are your thoughts on the share SP now that the interims are out, will it drop back to the 4o''s or will there still be interest as it hopes to join the main market ?

Personally I think the move up to the main market will underpin the SP or maybe even give it a boost so feeling quietly confident.

time to start watching this one again .......



looking back at just the last couple of months, i am quite taken by the way sp has consistently bounced off 50 dma ..... it has just poked through 25 dma which, assuming the upward trend is continued, indicates next resistance at about 62 (200 dma)

decided to be a participant rather than a voyeur so bought first this morning

strange things going on ...... average daily volume is about 3.5m but already 10.5m today ....... just may be a link between that and the rns of a week or so ago, as below .......

28 September 2007, Lansdowne Partners Limited now holds 106,470,746 Ordinary Shares in Aricom plc. This holding represents 10.04 per cent of the current total

Pumben - you must be very happy with the way TIO is going. If memory serves you must be sitting on a 50% profit at the present time!

Queen1, yes this one ha been good for me. however I did sell my first holding for 25% & re-bought @ 57p, hoping that it will continue the upward trend, target 70p !

I think we'll reach there and beyond pumben IMHO so more profits on the way!

Queen1, do you have a target price in mind ?

pumben, with the move to the main market and production on the way I see no reason why the highs of 90p cannot be tested.

Well that's your 70p target hit pumben :-)

I'm assuming you're not going to sell up just yet?

Yes, sooner than I thought but I agree with your reasons & I'm in for the ride now. Having the link with Hambro link & experience of the Russian market is also very interesting. The share mag remains bullish on thi one, in fact I have yet to see a single -ve on this share by the magazine. So I'm with you to the 90's.
However, what are your thoughts on the big sells, why would anyone sell such large holdings ?

Also the chart has broken the 65p resistance, it should be interesting to see if the sp can stay above it. The Dow Jones was down again 71 pts today.