I've held these for some time now - bought at 6.5p - so todays rise is welcome, but can not find any news. Can anyone help?

Price recoverying again after some profit taking in recent times. News on progress is expected this month and then we should hopefully see the price head north again.

Prophet,
I'm holding on to mine for the present. Any idea what that news is and where you heard it?

Neil

I have reproduced the tip in full which came out on the 15th Feb and talks about news in March.

Buy Angus&Ross
argues Tom Benyon of the Guild of Shareholders

My last tip on UK-Analyst was on January 17th when I suggested purchasing WebShareShop (WSS) at 9.5p. It closed last week at 16.75p after interims which showed net asset backing of 26p per share. My next tip will, I believe, do at least as well and is also a mining stock. And Bruce Rowan, the man behind WebShareShop is also involved in this stock, owning 22% of its shares. At 9.625p Angus & Ross is a buy.

AIM listed Angus&Ross is an unpublicised gold play with a glittering team of managers, impressive institutional investors and it is operating in a stable democracy. A former tantalum producer, back in 2002 Angus agreed to acquire gold mining opportunities in Australia's Northern Queensland with an initial acquisition of 100% interest in North Queensland's Rutherford's Table "epithermal gold system" (plus other significant assets). Over half a million pounds of new money has been raised this year all to be expended on these Australian properties.

Gold production will be increased to at least 2000 ounces a year from old mine workings but by the first week of this March drilling starts that could transform the company. Mining costs are modest and gold can be produced quickly - that is in the next two years; is all goes to plan, there may be an operating revenue this year of several million dollars, especially as the team believes that there is alluvial gold nearby as well. Profits could, with a following wind, easily hit 2 million a year. And the exploration upside could leave long term profits at a multiple of this. The exploration potential will be tested next month when at least three holes will be drilled into the "mesa" top near the old mine workings at Rutherford's table. Apparently this area is roughly the same as that in several nearby world class gold mines that were found to contain multimillion ounce deposits, notably Wirallie and Pajinga.

Angus&Ross paid five million shares for the deal, plus two further tranches of five million shares subject to various performance volumes being realised and the company's market capitalisation reaching 10 million pounds, (against the present 5 million on a fully diluted basis)

Angus has a class board for a company of its size, Of significance is the fact that various people who should know a good opportunity when they see one, inter alia, top class, eminent Australian engineers, geologists and metallurgists have all become shareholders; who can know more than Professor Ian Plimer of the University of Melbourne (architect of the tenfold success story of Consolidated Broken Hill)?

Angus also owns exploration rights in Brazil and tantalum rights in Greenland, Australia and Brazil. But the Australian gold assets on their own could, subject to successful exploration, justify a multiple of the current share price, anything else is a bonus. While the cashflow from existing assets provides support on the downside.

Until recently the shares were overhung with stock sold last summer to short term investors at 5p; but these short-termists are now out and there will be little resistance to significant appreciation when the market begins to understand the potential of this company and as excitement about the drilling programme starts to mount. Buy.

Key Data

EPIC: AGU
NMS: 1,000
Market: AIM
Market Cap: 5 million pounds
Spread: 9.25p-10p

Well we are up another 4.6% today. I think this will rise until the news at least, then it's anybody's guess.

Thanks for the info Prophet.
Lets hope for a nice steady rise from now on in. I think that this will be an interesting one.

A poster on ADVFN was saying the drier weather in the region might help secure the drilling news as hoped for this month.

Hi All,

Anyone got any reason for large sell off today?
Maybe an attempt by those in the know too weed out smaller holders?????
Thanks in advance,

Dave.