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.

Play of the Week in Shares this week:

"....those who understand this high risk/reward situation should recognise that this is among the best growth potential stocks in the mining sector,"

Queen, I have been reading the articel since Thursday a few times, is this company a offshoot to the Gold company run by Peter Hambro? which appears to have done well in Russia ? The company appears to have a lot happening in the next 6-8 months statring in the next few weeks. It seems to appear that this company can only go north once the market settles but do you thing it would go back to the late 80's.

There seems to be more +ve than -ve, the -ve being that Russia could take over the ownership, it may not produce sufficient volumes & it may not produce the goods like many of the other mining companies e.g. MRP, GOO

+ve
Linked to Peter Hambro, experience dealing with Russia, hence sound management
China agreed purchase of minerals over next 7 years
shares being given to 'long term' Russian Investor
Approvals/reports on volumes due next few weeks & before Sept update

I am serously thinking of investing these for the above +ve reasons but I wouldn't mind hearing your opinions

Could this be another TMC, e.g. when it starts producing then the SP could go north v quickly !!

I'm a bit surprised no one else has added any comments to this share.

Sorry when I making reference to 'going north' & returning to the 80's, it's the SP & not going back in time

Hi pumben, thank you for your thoughts. I invested recently based on many of the positives that you have outlined. There are obvious potential issues with working in Russia at this time but on balance, the long-term positives I believe far outweigh the short-term risks.

Of course no investment is risk free and you need to think long and hard about a business and its potential before investing. I have done that with Aricom and am comfortable with my decision to invest. Good luck with your decision making process and I hope to welcome you as a fellow investor!

Bought in at 40.50 last week, high volumes of sells last couple of days, can't understand why with all the possible good news. Any views ?

No, just think it's symptomatic of the overall market at present. But welcome on board what I hope will be a profitable ride for both of us!

If it can break the 45p resistance then I reckon the next stop should be at least 55p. I hope the ride is so high that we both can touch the stars !

That would be nice :-)

Moving in the right direction, first time that sells haven't been greater than buys, those stars are getting closer !

I am really hoping the Hambro connection is going to be the big plus for this stock, their knowledge of the Russian market has got to be a great benefit. Hope to c it reach he 55p target. Queen1, do u have a price target in the short trerm ?

I bought in at 58p pumben as they were on their way down. I felt they had been oversold, especially given the Hambro connection that you mention. At recent levels I feel this even more stongly and think you did very well to get in at the price you did. So my short-term target is 60p+ so that I'm in positive territory!

Queen1, it also had a positive write up in the Sunday Times which basically said that the maoney raised earler this year is worth 25p & that it is a cheap stock at it's current price. Hopefully it's turned the corner & will continue the move north with all the news thatr it is expected by end of the year !

Its certainly good to see the additional coverage at the moment and thanks for letting me know :-)

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.