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

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."

Looks like a good move.

6.8 million shares sold today in one trade at 32.63p
Looking a bit grim.

I have a new header for Aricom -Ore -Down and Out! It seems scarcely credible that this share was over 1. several months back.The shit certainly has hit the fan.

Makes you think that Peter Hambro's sale of stock a few months back was more than mere coincidence.

Chessplayer, I can't put a header like that in ...that would not be fair....when you start a new thread, it really should be a little optimistic !.

Well, I guess the truth is that most of the mining stocks have been clobbered,good and proper,

anyone still think this a buy?
I only ask as Garry White, Editor, Smart Commodities UK seems to think this a good bet for the future forecasting ~400% rise.
had to read between the lines and search the web as wasn't about to pay for his newsletter and he doesn't name the company in it either.[logical really or people wouldn't pay]

http://www.fsponline-recommends.co.uk/page.aspx?u=scu0908cpp&tc=ESCUJ911&PromotionID=2147065780&u=584358&g=0&o=31519&l=160104&


anyone care to comment? Pumben did you take the plunge at the 35p mark?

Alex

it ought to have outstanding prospects, but all miners are getting clobbered, and the fact that its "father" had pretty poor results will reflect badly

credit suisse bought in!

Credit suisse must be making a mistake...ORE is 23p...and copper price is dropping as world economies are collapsing

also, isnt ore in russia? if it is, then thats bad news too

and ORE is not into copper ... or am i even more misinformed than usual?

ORE is in Russia, on the border with China, supplying iron ore direct to the chinese market.