Better carry on here Cynic....not in yet but very interesting....how's that bridge across to China getting on ?

At any rate,its been a long time since I had a 60% profit in one day!
Tadpole was the last about 12 years ago.
But ,haven't Aricom been well and truly oversold?

I thought so, though I have taken my profit.

This should help to explain the more than doubling of Aricoms' share price today.
RNS Number : 0662H
Aricom PLC
30 October 2008









Press Release
30th October 2008





Aricom plc

('Aricom')

Share price movement







Aricom (LSE: ORE, OREW), the Anglo-Russian developer of mineral resources, notes the movement in its share price today and the announcement yesterday that the Russian and Chinese authorities have reached agreement on a proposal for the construction of the first railway bridge between the countries. Aricom expects that if the bridge is constructed, it is likely to result in a saving of approximately US$4.0 per tonne of iron ore in transport costs. Aricom is also currently considering whether or not to tender for the contract to construct the bridge.







For further information:

Aricom plc



Charlie Gordon, Investor Relations Officer
Tel: +44 (0) 20 7201 8939



www.aricom.plc.uk

Abchurch



Charlie Jack/ George Parker
Tel: +44 (0) 20 7398 7700









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

where will this stop today,and will it continue tomorrow at the same rate.

17m traded with almost a 50/50 split. May well be another rise tomorrow if trading is brisk, but friday selloff is on the cards, imo.

this damn bridge isn't even built yet ..... indeed, it has only got to the tendering stage, so it looks to me as though ORE have a long long time to wait for any benefit .... whether or not the share is intrinsically worth more than its current 14p is another argument altogether

Yes, I agree. The saving is approx $40m per year but that is way off & you could argue that that saving is now reflected in the price. Seems to be a case of any good news is welcome, regardless of how relevant to the company's value.

too difficult to call as the price moves up temptation grows to hold,

hold - yes ..... buy - no

Don,t forget,that the Russian stock market has fallen from 2,400 to 600 in the past few months ,so some recovery is on the cards.They are now in the 800 area I believe.

dont forget ore net cash value is 19p share

This is too fragile to hold, it has drop back.

Oh great! Thanks hlyeo. Now that you are shorting it, back to 5p we go! ;o)

Dont think it will go to 5p,i would think more than 20p could be the fairer value,its been another roller coster of a day.

Considering that the share rose by 133% !! yesterday ,todays pullback of 14% (2 points) is hardly unexpected.
I reckon their is distance to go here,especially in view of a bit of a recovery in mining.

and that's what so damn stupid about quoting % moves, as a 2p move at yesterday's opening would have constituted about 40%!

33% to be precise. Still,despite yesterdays fall there was a good deal of buyers about.
How do you feel about this one now cynic.You were quite an enthusiastic supporter a while back.
The key obviously has to be the ability to gain financing from somewhere or other.

i was an unequivocal fan, but POG, it's parent, has also fallen badly out of favour, so i am currently more comfortable being out ...... i suspect or am almost sure that ORE has a good future, but as we all know, commodity prices have collapsed of late, and that includes iron ore, and until we see a proper recovery underway, i do not think this is a company or even sector into which one should put new money.

by the way, it's worth just keeping an occasional eye on the baltic index which will give you a good clue as to where things are heading.

i am expecting more - already made a packet end last week - in for more and already well up - 20p + easy soon! gl

BRIEF-Aricom confident on in line 2008
AFX


LONDON, Nov 4 (Reuters) - Aricom PLC:

* Remains confident that 2008 production will be in line with the most recently

published forecast

((London Equities Newsroom; +44 20 7542 7717))



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