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

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.

Not in this one but the drop like many others looks well overdone....!.

Any chance of putting a chart in the header please, rf?

I see 3 factors which maybe lowering the SP, 1. Russian conflict with Georgia, 2. raising of the new funds ($1 blln i believe), 3) General lowring of commodity prices.

However, I believe with the Hambro connections I think this is a quality co. and will come good. Have been a holder in the pass but I didn't think that the SP would come back to this level but it is a buying opportunity with so much still to cpme tp the forefront for this company in the next 12 months. I am watching but anything around 35p mark and I will be in with a large stake and with aim of long term investment. If they can secure the additional funds this will fly !!

plumben, you could add two more:-
4) Cost of energy to smelt, and
5) Cost of keeping yr hands on said mine - Russia is a no-no for me, at least until this Georgia business becomes clear.

Some say it's Russia flexing its muscles, rather like Stalin ( oh dear)
-
And others think it's just trying to hold onto..... while they can...ie anything that hasn't joined the EU.

Had Georgia joined the EU, what exactly would we have done...it's a long way andRussia has troops right there.,,,nasty business.

The sp fell qas a result of the massive financing (in these difficult times), and the Georgia issue is NOT helping...furthermore, now the Olympic constructions are done and dusted, China doesn't need so much Iron - and this will make recent (expensive) capacity look a bit dumb. Will we see 30p?

China doesn't need so much Iron ...... sorry, but that is total load of crap!

This Russian business is not going to end soon as Poland is asking for trouble letting United States set up a missile shield on Polish soils. These Polish are dumb - tempting their fate or stupidity. They are very likely to get a nuclear attack from Russia if they keep licking Bush's ar*e.

just so much sabre rattling

LONDON (Thomson Financial) - "Aricom PLC. said it has signed and received relevant formal approvals for the joint venture contract with Aluminium Corporation of China ('Chinalco') to construct a titanium sponge plant in North East China.

Aricom and Chinalco will establish the plant in Jiamusi City, Heilongjiang province, China, with an initial production capacity of 15,000 tonnes a year of titanium sponge.
Aricom said ilmenite feedstock for the plant is to be sourced exclusively from its Kuranakh mine, and Chinalco will off-take the titanium sponge to be produced by the joint venture.

The joint venture company will be owned 65 percent by Aricom and 35 percent by Chinalco with the parties contributing $69 million and $37 million respectively.
Aricom said it will fund its contribution from existing funds."