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

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.

and titanium oxide i think

17p now

I was listening to Aricom ceo this a.m. on Bloomberg.
The real issue at the mo revolves around the ability to secure the 1 b funding for the development of their various iron ore projects.
He is hopeful of securing some of the dosh from the likes of tool hire companies

Now,however the sp is down by about 90% from a few months ago.

Told you credit suisse made a mistake.

Unbelievable....this was 100p or so ..not that long ago....the world has gone mad !.