Excellent speculative punt sub 10p.

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?