Excellent speculative punt sub 10p.

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!!