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

have said so for a long time ..... check out thread with epic TIO which was the earlier incarnation

I know - I started the TIO thread last year :-)

Aricom are trading very close to their all time high
Time for a breakout!!

Well it was a positive trading statement so let's hope so!

what a little gem this stock has turned out to be ..... per previous thread, it's ticker should be ORG not ORE!

A splendid day today. Looking forward to tomorrow to see if the 1 barrier can be broken :-)

technically very heavily o'bought, but sp certainly has the wind in its sails at the moment

Well 1 has been broken. Consolidation above that level would be welcomed.

Expected pause for breath, but does this now represent fair value or is there more to go?

I would hope today's fall is partly due to the market shift downwards today so fair value IMO.

We could do with putting a stop to this daily slide.....

Big dilution on the way, which is presumably why the sp has continued to slide?
"LONDON (Thomson Financial) - AIM-listed Aricom Plc. has confirmed it will need in excess of $1 billion in external funds to develop its K&S and Garinskoye iron ore projects in Russia.

Morgan Stanley has been appointed to advise on securing the funding to construct and develop both projects, Aricom said in a statement."

If you look at the statement though it mentions a number of routes to the finance but doesn't mention going cap-in-hand to shareholders.

ORG (sorry - ORE!) rumbling north again, as it deserves .... glad i got back in at 85 having taken profits when ducking for cover 7/10 days ago

What about this $1 billion funding that is wanted for expansion?
How do you think this will affect things?

don't really know as it will depend to a fairly large extent on market sentiment at the time ...... however, i am currently much more interested to see whether or not sp can break back up through 25 dma at about 91

It's interesting chessplayer that although the sp has drifted the last couple of weeks it hasn't tanked following the funding announcement. That bodes well I feel......

Yes.It seems to me also,that Russia,where Aricom is based,has been one of the few regions that has held up well during the recent market turmoil.

LONDON (Thomson Financial) - "Aricom Plc. said it has completed the first iron ore sales from its Kuranakh deposit in Russia, which ot desribed as a 'milestone' in progressing to a producer from a developer.

The Anglo-Russian mineral resources developer said the Kuranakh crushing and screening plant, currently in a pre-commissioning phase, is expected to reach target throughput during the third quarter of 2008.

Aricom started mining operations at Kuranakh in Oct. 2007."

Good news HARRYCAT.