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.

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.

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