Excellent speculative punt sub 10p.

Angus & Ross PLC
04 June 2004


ANGUS & ROSS plc ANNOUNCES ACQUISITION OF TANTALUM/GOLD RESOURCE IN BRAZIL -
POTENTIAL FOR PROVING MUCH LARGER RESOURCE - EARLY PRODUCTION POTENTIAL

The Directors of Angus & Ross plc ('the Company') are pleased to announce the
completion of an agreement between its wholly-owned Brazilian subsidiary, Angus
and Ross do Brasil and Sr. Jovair Pereira, ('the Owner') regarding the
development of highly-prospective gold/tantalum licences in the state of Mato
Grosso, Brazil.

The property consists of twelve licence blocks totalling 600 hectares, all
located on farmland belonging to the Owner. It also includes a further twelve
licence blocks totalling 600 hectares licensed on behalf of the company that
abut the above and are generally also located upon the Owner's farmland.

Previous exploration in 1980-2 had focused on the alluvial potential of a 20
hectare portion of the property, and reports generated at that time indicated an
inferred resource of 500,000 tons (220,000 cubic metres) grading in excess of
500 g/t tantalite, i.e. containing close to half a million pounds of tantalite
and about 5,000 oz of gold.

Recent field examination by the Company's geologists suggest that the tantalum
and gold may be shedding from the weathered cap of a primary source also located
within the licence area, and that this is likely to represent only a small part
of a much larger system. This will be the target for early exploration.

The terms of the agreement include stage payments to the Owner of $130,000 over
the next eighteen months. Work commitments for exploration and development are
expected to be $150,000 over the same period and a royalty on both the tantalum
and the gold will be payable to the Owner once commercial operations commence.

It is the intention to start work immediately with the construction of test pits
extending outwards from the previously explored area to define a resource on
which near-term production could be planned. This will be followed by
investigation of the potential source area through geochemistry and, if
justified, drilling.

As previously reported Angus & Ross plc has appointed Richard Stevens O.B.E as
President of its wholly owned Brazilian subsidiary. Mr. Stevens has been
resident in Brazil for over 30 years and is a past Chairman of the UK/Brazil
Chamber of Commerce. The Company's resident consultant geologist is Mr. Bob
Morrow who worked for Western Mining in Brazil for sixteen years and was
involved in the discovery of the Sertao mine now part of the Troy Resources.

Richard Burt, Operations Director of Angus & Ross plc, stated:
'This agreement is very significant to the Company's overall strategy, in that
it provides near-production potential. It also confirms the Company's ongoing
commitment to develop low cost tantalum deposits throughout the world. This
potential production is ideally timed to meet the needs of the expanding world
tantalum market, signalled by the currently rising prices of spot sales which
are once again exceeding $30 per pound.'

Enquiries, please contact:

Robin Andrews Neil Boom
Executive Chairman Managing Director
Angus & Ross plc Gresham PR Ltd
01751 430988 020 7404 9000

James Cumming
Director
Bell Lawrie White & Co
0141 221 7733



This information is provided by RNS
The company news service from the London Stock Exchange

How on earth can a sp drown by 10% with only two sells totalling only 8000 shares!!!! Someone is taking the p$ss here.

This thread has gone very quiet - anyone else out there have any interset in AGU at present?

Yes,

Peaked 3 years ago when I got in at the wrong time! Ex-top man a short-stayer full of the preverbial ******! Don't know much about AGU these days other than wish I'd not bought when I did. Guess it's just like any other small exploration-related company these days - just a case of waiting for a "find" of sorts or some kind of positive statement......................?

So having been in for 3 years I guess you must be pretty used to their ups and downs by now markusantonius. Any glimmer of light in 2005 do you think?

Indeed!

There's always a glimmer with ANY stock, isn't there?

IMHO they will stay flat UNLESS they make a find or a big player gets on board, e.g. a joint venture to explore or something similar. They debuted at 1p. and I paid more than x20 times that amount! Long term hold.

Oh dear! Well I've just got in at 12.5p as a risky play with a small holding. A return to your entry level would be nice from here!

Really hope it happens for us BOTH, Q1! All it needs is for the co. to strike or a find a JV partner. No reason why this cannot happen as there's as much chance with AGU as with any other exploration company.

Question - What persuaded you into buying these c.t. the umpteen others on the market? Maybe you know something that we don't!!!!!

Question - What persuaded you into buying these c.t. the umpteen others on the market? Maybe you know something that we don't!!!!!

What persuaded me was a sudden unexplained rise which I thought might be news leaking of a strike - it wasn't, just a few punters buying on a share tip. Having got them I researched them more thouroughly ( I know - it's the wrong way round!) and was quite impressed with the management team and the prospects, so decided to go long and give them a chance.


Wonder what is prompting the current buying - another tip?

Just joined Moneyam and the board but have been holding AGU for over a year now. I agree withe sentiments. I'm just short of break even but I saw them as a long term speculative punt. A bit frustrating that they haven't allowed me to retire yet, but no worries to date on all the news that I have tracked over the intervening months. Good luck to you both!

So guys - what do you think the upside is? When do you think it will show significant movement - I mean WHEN as opposed to th eobvious answer that it strikes!

Up to 14p today.....

Closed 14p mid.Up 35%+ an average of 4.3% a month rise since June last year.A reasonable return.Can it breakout above 14p/15p or is it back down again?

Don't know, Lex. But let's hope so! Does anyone know what the GRAPHS say the future will be like?

Interesting large trades showing up @ 13.5p which possibly went through the other day not recorded until today. Volume 1,157,541 suggests something is happening.NMS=15,000. Chart looks to me as might push higher and may have rumour leaking out of China,Brazil or even both.Australia suffering from water shortage and laggard in the news stakes. Brazil gold and tantalum play is the more likely and need look no further than RNS dated 16 December 2004 "..........The sixty-nine gold assays that have been received to date have justified the board's optimism for the project.Tantalum and further gold assays are awaited. On the basis of the results received to date, the Company has applied for further licences in neighbouring areas........." Better than usual definition of a mine,hole in the ground with a liar standing at the top.Watch this space. Speculative and potential very exciting IF.........................R=14p Br=15p.imho.

ex-CEO of AGU was prophesing 2+ over 3 years ago. ALL BS IMO but he did manage to personally convince a couple of friends of mine at the time! Basically the demand for Tantalum back then in 2001/2 was far greater than it is today, I'm sad to report! However if they make a decent strike one day then a realistic target is probably 50p. topps IMHO. But if I can recoup most of my original stake then I'll be happy enough on this one. Hope I'm wrong, of course!

Best of luck.

Kus.

Worth a 500 quid speculative punt @ under 10p.Mid now 14.12p with mms moving bid up 13.75p offer 14.5p right on resistance.Thin volumes.

Chinapete - in answer to your question at the end of 9 of 17 this stock was tipped a week or so ago by Tom Bulford of The Red Hot Trader "expecting news from A&R exciting Mato Grosso prospect in Brazil before too long" with a short term price target of 20p

Chinapete,

Do you have any more info. on this article, please?