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

Yes.It seems to me also,that Russia,where Aricom is based,has been one of the few regions that has held up well during the recent market turmoil.

LONDON (Thomson Financial) - "Aricom Plc. said it has completed the first iron ore sales from its Kuranakh deposit in Russia, which ot desribed as a 'milestone' in progressing to a producer from a developer.

The Anglo-Russian mineral resources developer said the Kuranakh crushing and screening plant, currently in a pre-commissioning phase, is expected to reach target throughput during the third quarter of 2008.

Aricom started mining operations at Kuranakh in Oct. 2007."

Good news HARRYCAT.

The shares are having a bad time lately Down about 35% from their recent highs Any views on Aricom?

I'm still very much a fan chessplayer as I think they have great potential on their own or will be snapped up by a bigger player. The sp drop is very frustrating but in line with many other shares at present.

Sp sailed down past the 50 & 200 DMA on the chart. Support at 63p?
Interestingly the same thing happened last year during july & aug when the sp tanked & then recovered well.

Let's hope history does repeat itself HARRYCAT as I could do with some blue on my portfolio!

seems to have turned the corner at 64.?!Like Paul McCartney.
If I knew anything about charts,which I don't,I'd say there was plenty of upside.

I believe there is a mine to come on stream in 2009? Part of the K & S project.
200 DMA presently around the 76p mark, which would be a nice target to reach, but some kind of news from ORE might be the only way to get there, imo.
The june sale of shares probably didn't help either:
"LONDON (Thomson Financial) - Aricom Plc., the Anglo-Russian miner, said Philotus Holdings Ltd. has reduced its stake to 11.5 percent or 132.05 million shares after it sold 10 million shares at 88 pence per share.
Philotus Holdings is a company in which Peter Hambro and Pavel Maslovskiy and their associates have interests.
Following the transaction, the company said Peter Hambro and associates will hold 7.63 percent stake or 87.60 million shares, while Pavel Maslovskiy and associates will hold 7.65 percent or 87.78 million shares in the company.
Peter Hambro is the father of Jay Hambro, who owns Aricom."

something very horrible here today ..... sp has dropped nearly 20% with no explanation - yet!

Sell ORE to 40p...bad times ahead

When it started to turn yesterday,I got a bad feeling and sold at 63.What is going on anyway,they are nearly half of price of a couple of months back?

Makes you think that Peter Hambro saw something coming when he sold part of his stake.

The following is a reply received today, responding to my e-mail concerning the current sp of ORE:
"We are reporting our interim results on the 6th August (next Wed)so any comment that need to be made will be dealt with then. Peter Hambro reduced his holding by a very small percentage and is has no current plans to reduce further. It was simply to pay off a loan that was due on other business interests.

Obviously our recent share price falls are disappointing but from our point of view it is business as usual with the ongoing feasibility studies on our two major iron ore projects, the final construction of Kuranakh and the raising of debt finance during the autumn.

Regards
Charles Gordon
Investor Relations Officer

"Aricom plc (LSE: ORE, OREW), the Anglo-Russian developer of mineral resources, advises that it will be announcing its Interim Results for the half year ended 30 June 2008 on Wednesday 6th August 2008.

Aricom will be hosting an investor conference call on 6 August 2008 at 11 a.m. Participant details for this call will be included within the results announcement."

SELL Aricom...it will go below 40p.

Any particular reason, or just 'cos you are shorting it?

China's economy is slowing down already.

LONDON (Thomson Financial) - "Shares in Aricom Plc. climbed in midmorning deals, as it joined a mining stocks rally and posted a narrowed first-half loss in a positive update, leading Cazenove to keep an 'outperform' rating on the stock.

Earlier on Wednesday, the Anglo-Russian developer of mineral resources posted a reduced first-half loss of $2.5 million from $5.3 million a year ago.

It also said the construction of the Kuranakh project is scheduled to be completed in the second-quarter of 2009.

In reaction, Cazenove left an 'outperform' rating on Aricom, saying it thinks Wednesday's numbers are immaterial, given that Aricom only made one small shipment at the end of June.

Cazenove says it thinks the stock's recent fall is a result of a sector sell-off, but it thinks this statement should give reassurance on the financing front, with the company still in a comfortable net cash position and funded for the next 12 months.

It thinks short-term performance will be governed by sentiment rather than fundamentals, but longer-term it thinks the publication of revised feasibility studies for the major value-driving projects could prove to be a catalyst."

40p the 1 year low, 35p the 2 year low. Nearly there.