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


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



.

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!