29th June 2007 - Broker Comments : PDF File Click Here


Web Site : http://www.aurummining.net



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287K X trade on Friday, hopefully that is the end of a seller. There has been resistance at around the 117p level, so lets hope that cross trade has cleared them out.

Excellent news, again :)

http://www.investegate.co.uk/article.aspx?id=200612190701291880O

Aurum Mining PLC
19 December 2006


AURUM MINING PLC
('Aurum' or 'the Company')
Completion of Bankable Feasibility Study for Andash Zone 1

Impressive progress, and valued probably the cheapest on the market for their gold..............


http://www.investegate.co.uk/article.aspx?id=200612200700452855O


Aurum Mining PLC
20th December 2006
AURUM MINING PLC
('Aurum' or 'the Company')

Interim Results for the six month period ended 30 September 2006

Aurum Mining plc (AIM: AUR), the company formed to acquire gold and other mineral extraction projects in the Former Soviet Union (FSU) and whose principal asset is the Andash project in the Kyrgyz Republic, is pleased to announce its interim results for the six months ended 30 September 2006.

Highlights in the year to date

Award of Mining Licence from the Kyrgyz authorities for Andash Zone 1

Completion of fully bankable feasibility study for Andash open cast mine, with initial production expected in 2008, showing:

Measured and indicated resource base increased to 19.2 million tons at 1.1g/t gold and 0.4% copper

Additional low grade measured and indicated resource of 5.74 million tonnes at 0.44g/t and 0.15 % copper

Proven and probable reserve of 16 million tonnes, containing over 1.2 million ozs of Gold and Gold equivalent in copper giving an in-ground value of over $750m

Mining rate of 2m tpa with a pit life of 8.5 years

Stripping ratio of 0.8 tonnes of waste to 1 tonne of ore

Average cash operating costs of $223 per oz of gold and gold equivalent

Capital cost of $55.5 million including contingencies

Payback period of 3.3 years and an IRR of 39.7%,

New opportunities identified at the Tokhtonysay and Nakhodka exploration targets within the Andash licence area

Net loss of 702,000 (H1 2005: net loss of 389,000)

Sean Finlay, Aurum Mining's Chairman, said: 'We have made tremendous progress in the year to date and approach the New Year with a 1.2 million ozs reserve, a Mining Licence and a bankable feasibility study for just one of the zones in our Andash exploration area. We look forward to arranging project finance for our planned open cast operation at Andash Zone 1 and are also excited by the
potential of our other exploration areas.

'We expect to begin our first gold and copper production in 2008 and are now, therefore, on the threshold of making the transition from a junior explorer to a producer with the many benefits, including cash generation, that it will bring.' .................................

Tick Tick Tick, keeps on moving, now perhaps just very highly massively undervalued based on their gold IMO.

Value the gold at a misely 75$ ......and what do you get ? A price very much higher than here.

Doing well today !

Decent day and a jump in volume.

Hi PP, just to let you know that someone else is watching this thread with intrest, however at the moment not in a position to benefit, as locked in almost everywhere else at the moment.

Hi oilyrag, thanks.

Its been a good one for me so far, from the low 90's to where we are now, and with plenty more potential to come. The gold is valued so lowly its ridiculous, however its happened as some other companies in the past have gone about things the wrong way in Kygerstan, and lost their shorts. AUR have a good man on the ground, with the connections, and are doing everything by the book.......so the risk discount is far too much, but this is what makes the opportunity for some rewards :)

Nice blue start to the year.

L2 now 3 v 3 @132/137

From AFN :


Kablinsky - 3 Jan'07 - 07:49 - 101 of 101


38th Minesite Mining Forum

Tuesday 16 January 2007

Bishopsgate and Chancery Rooms
Great Eastern Hotel EC2.

0930 hrs

Minesite is kicking off 2007 with an interesting array of companies at our first investor Forum. All of these companies should do well this year for the reasons outlined in the short comments below.

""Aurum Mining put up a strong performance on AIM last year when its shares rose by 257 per cent to 121.5p. The company has completed a bankable feasibility study on its Andash copper-gold project in Kyrgyzstan, and initial production from an open cast mine is expected in 2008.""

Reason for the rise........


Aurum Mining PLC
21 February 2007

AURUM MINING PLC
('Aurum' or 'the Company')

Share price movement

Aurum notes the recent press speculation and share price movement and announces that it is in advanced negotiations which, if concluded successfully, would lead to the completion of a placing of new ordinary shares. The Company will update the market in due course.

26 February 2007
AURUM MINING PLC
('Aurum' or 'the Company')

Placing to raise 30 million to fund construction of Andash Zone 1 mine

Aurum Mining plc (AIM: AUR) is pleased to announce that 30 million new ordinary shares of 1p each in the share capital of the Company (the 'Placing Shares') have been placed by Arbuthnot Securities Limited, acting as the Company's Nominated Adviser and Broker, at a price of 100p per share to raise approximately 30 million before expenses (the 'Placing'). The issue was fully subscribed and marks the largest fundraising so far this year in the AIM market's mining sector.

Highlights

Aurum has raised 30 million before expenses at 100p per share to fund the construction and commissioning of the open-cast mine at the Andash Zone 1 gold and copper project in the Kyrgyz Republic.

Initial production at Andash Zone 1, which contains reserves of 1.1 million ozs of gold and gold equivalent, is expected to begin in 2008, marking Aurum's transition from an exploration company to a gold producer.

The Andash Zone 1 mine will be funded entirely through the equity raised in the Placing, and there will be no requirement for debt or associated hedging.

The Placing will also support Aurum's exploration programme within other areas of the Andash licence.

Mark Jones, Aurum Mining's Chief Executive, said: 'We are delighted by the success of this Placing which will fully fund the construction and commissioning of the Andash Zone 1 mine and which should take the Company through to positive cashflows. The strength of demand for shares in this Placing underlines the high quality of the Andash resource and the robustness of our strategy to monetise both Zone 1 and the other exploration areas within the Andash licence.'

Details of the Placing

A total of 30 million new ordinary shares of 1p each in the share capital of the Company (the 'Placing Shares') have been placed by Arbuthnot Securities Limited, acting as the Company's Nominated Adviser and Broker, at a price of 100p per share to raise approximately 30 million before expenses (the 'Placing'). The Placing Shares represent approximately 71 per cent of the enlarged issued share capital of the Company.

The net proceeds of the Placing will enable the Company to wholly fund the development of the Company's 100 per cent owned Andash Zone 1 gold and copper project as well as providing on-going working capital and support to continue the Company's exploration programme. With finance now in place, and following the announcement of the award of a mining licence and completion of the bankable feasibility study at the end of 2006, commercial production from Andash Zone 1 is expected during 2008.

As previously announced the Wardell Armstrong International (WAI) compiled bankable feasibility study increased the measured and indicated resource base by 12.5% to 19.2 million tonnes at 1.1 grams per tonne of gold and 0.4% copper
which equates to 1.1 million ounces of gold and gold equivalent. The feasibility study anticipates a mining rate of 2 million tonnes per annum with a pit life of 8.5 years and an average cash operating cost of $223 per ounce. Furthermore, the study confirmed the open-cast operation will combine low costs with high production rates resulting in a payback period of 3.5 years and an NPV of 36.9% based on WAI's conservative mineral price assumptions. Further details of the feasibility study are available at the Company's website (www.aurummining.net).

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. The Placing Shares will rank pari passu with the existing issued ordinary shares of 1p each in the share capital of the Company (the 'Ordinary Shares').

The Placing is conditional, inter alia, on the admission of the Placing Shares to AIM becoming effective ('Admission'), which is expected to occur on Wednesday, 28 February 2007, when dealings in the Placing Shares are expected to commence. Upon Admission, the Company's enlarged issued share capital will comprise 42,429,753 ordinary shares with voting rights. The Company does not hold any shares in treasury. This figure of 42,429,753 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

On 31 January 2005, a waiver was granted by the Panel on Takeovers and Mergers from the obligation of the Concert Party (as set out in the admission document sent to shareholders on 13 January 2005) to make an offer to all shareholders of the Company pursuant to Rule 9 of the City Code on Takeovers and Mergers. This waiver related to the potential allotment of up to 3,100,000 new ordinary shares pursuant to the acquisition of Kaldora Company Limited and options over a further 1,000,000 Ordinary Shares granted to members of that Concert Party as
set out in the admission document. As a result of the Placing, the percentage holding of the Concert Party upon Admission will be reduced to 6.8 per cent and the potential shareholdings of the Concert Party as a result of the issue of shares and exercise of options for which the waiver has been obtained would be up to 12.9 per cent.

KazakhGold plans to make 160p bid for Aurum Mining - sources


LONDON (Thomson Financial) - KazakhGold Group Ltd, the largest gold mining
company in Kazakhstan, plans to make an offer of 160 pence a share for Aurum
Mining PLC, market sources said.
The sources said KazakhGold has built up a stake of between 10-15 pct in
Aurum via a number of contracts for difference (CFDs).
Shares in AIM-listed Aurum, which also has projects in the former Soviet
Union, closed today at 98 pence, valuing it at about 48 mln stg.

News on AFX yesterday of a potential 160p bid for AUR coming in, also noted on Market Insider :


http://www.market-insider.net/market-whispers/the-inside-leg-aurum-mining-3/

Posted on July 3rd, 2007 in Market whispers.

My man in dark the glasses has been back on the batphone about this one. The bid details are as disclosed yesterday - 160p in cash. That said, the story has a few hidden wrinkles. There is a move afoot to find out how big the Kazakhgold stake actually is.

There is a suspicion that it has been building its holding via CFDs and its holding may be as high as 15%. How this can happen is a mystery to the Insider given the stock exchange rules on disclosure. Indeed, there is uproar among some keen Aurum followers, who are pressing for answers - sharpish.

Be happy,

The Insider


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You can read more about AUR on the latest (29th June 2007) broker summary of junior miners going into production, link below :

http://www.minesite.com/fileadmin/content/pdfs/Brokers_Reports_5/juniorminingpaydirt290607.pdf

http://investing.reuters.co.uk/investing/PaperTipsUK.aspx?storyID=93924


...........KazakhGold rumoured to be planning a 160p-a-share bid for Aurum Mining..............


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http://www.ft.com/cms/s/3133048e-2c22-11dc-b498-000b5df10621.html

Speculation round Aurum Mining

By Rebecca Bream

Published: July 7 2007 03:00 | Last updated: July 7 2007 03:00

Shares in Aim-listed Aurum Mining spiked this week following speculation that KazakhGold was building a stake in the company ahead of launching a 160p-a-share takeover bid. KazakhGold, which trades in the form of global depository receipts on the London market, has just bought gold assets in Kyrgyzstan from Aim-listed Oxus Gold and has said it wants to become "central Asia's leading gold producer". Aurum Mining's main asset is the Andash copper-gold project in the same part of Kyrgyzstan as the Oxus Gold projects and analysts have suggested consolidation would make sense. However, KazakhGold is strenuously denying it is preparing a bid for Aurum Mining. Chris Eadie, finance director of Aurum Mining, said on Friday there had been unusually high levels of trading in the company's shares in recent weeks and that someone was "undoubtedly" stake-building, but he said he did not know who. Analysts suggested Celtic Resources and Oriel Resources were two other mining companies active in central Asia that might be interested in Aurum's Andash project. Although the recent rise in Aurum's shares was caused by takeover speculation, progress at Andash has provided extra support................

Doing some research on my mining stocks over the weekend I came across a potential nice little earner and although not in it as I think GDP have better prospects right now, I thought it worth a mench.

Its Aim-listed and called Aurum Mining.

They specialise in gold and copper prospects in Russia. The group has been around for a while and although had its fair share of bureaucratic problems over licences etc is now coming the end of its construction in the Kyrgyz Republic, of its of its Andash mine which should see mining production, possibly towards the end of the year with production set to commence later this year and reaching full production two years later.

Edison Investment Research who did such a fine job on its MLR company report are expecting a rerating of Aurum Mining shares soon as commercial production draws nearer. Also there is a rumour preditor lurking around in the form of KazkahGold.
Also in this business with copper and gold prices standing at a near all time high, share prices can move very quick.

We saw what happen to GDP last week on the mention of a recyclying deal with no figures involved so for me its one to watch and I may even buy next week.

Good luck one and all.

KICKING OFF WITH A NICE START TO THE WEEK +4.5P.

Ticking up.

L2 very blue and 2 v 1 @ 112/114

Had a great week, held its gains and al ot more to come methinks.