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

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 !.

A projects update from Anglo-Russian mineral resources developer Aricom raised funding issues, according to Citigroup.

In a statement, Jay Hambro, Aricom CEO, said 'Aricom has succeeded in proving the viability of K&S and Garinskoye in a number of scenarios and has also had the analysis independently reviewed.'

'The funding process now begins in earnest as we progress discussions to the next step with the banks, contractors and other partners,' Hambro adds.

'We have had a number of preliminary finance discussions and I believe that, with our bankable feasibility studies confirming the strength of these projects, we can move the financing process forward with confidence,' the Aricom CEO said.

'In the short term, further solutions for reducing development plans in line with available capital are being considered,' he adds.

In reaction, Citigroup says it sees 'significant value in the projects if they can be executed, however, they will require around $1bn in funding so current credit environment presents a serious risk of project delay.'

The broker says it repeats its 'hold' rating on Aricom as the share price has now fallen below the company's net cash position of 19p a share so it thinks the stock should see support here.

Also being in Russia is not the ideal location.Anyone for Russian roulette?