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


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



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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..............


.

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.

David, sorry to deflate your enthusiasm but 4 days do not constitute a week, and the SP is actually down from opening for the week. However I do agree that there is potential here, looking at trades over the last couple of days I get the impression that someone is stakebuilding.

Been rising nicely for a few weeks now, onwards and upwards.

Will it now break through the 1 barrier?

Aurum Mining shares dive 80%


Aurum Mining was the biggest casualty of the day with the shares collapsing by more than 80%.

The Board is continuing to examine acquisition opportunities and is confident that one will be made by June next year.

Aurum became an investing company under AIM Rules last December giving it a year to make an acquisition before its shares were suspended.

If no acquisition is made by June, the listing may be cancelled.

The Group says that Mark Jones is stepping down as Chief Executive Officer with immediate effect and he is being replaced by Chris Eadie.

The share price dropped 13.63p to 2.88p - a fall of 82.5% since the market open.

Not sure I trust companies that fail to notice their core-value has slipped little by little - until it's a LOT. Looks like incompetence or laziness - maybe a mix of the two.
That was the old mining co [ AUR ], which wrecked investor-hopes, as the hole became larger with zippo returns.
Now ( mid-Jan 2017), we are to believe these dear folks are able to capture the Cyber-Security market Worldwide . .. . worth £$Billlions, naturally...and that's supposed to make Punters invest even more as "Deals" are done with other companies eager for someone to talk to.
Only "if" they are particularly clever can they hope to get anything worthwhile in CyberSecurity - since as soon as their system is large-enough ( IMHO), some rogue will have a go at it - If the US can't keep out boys-in-bedrooms what hope is there for Shearwater . . although I wish anyone Luck that sails in her.
EDIT(22Feb2017)-Sadly MoneyAM hasn't fixed the EPIC of the old ScotWilson Group...way back...This EPIC is now used by Shearewater...except there is little/no Investor interest...
EDIT (20April2017)-No EPIC-fix yet, ..... Today Shearwater fell 12% ~4.5p mid.
EDIT (28MArch2018)- can't MoneyAM fix this with SWG EPIC? .... which is still showing posts that are out-of the Market... =Scot Wison .... Huh!