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

100p to 6p !!!!????.

The fall that I was referring to was the daily one ,now 24%,and based on 3.0m buys versus 2.3 million sells.

Might be the time to get in?!
The mining stocks are up strongly today.Might be the turning point.This one is down about 95% from its@ high

Up 24% today,so have bought a few of these.

anyone know why these are flying today?

Probably 'cos they are regularly heavily traded during the day. 7m traded so far this morning, but they go down as fast as they come up.

possibly just bear closing

At any rate,its been a long time since I had a 60% profit in one day!
Tadpole was the last about 12 years ago.
But ,haven't Aricom been well and truly oversold?

I thought so, though I have taken my profit.

This should help to explain the more than doubling of Aricoms' share price today.
RNS Number : 0662H
Aricom PLC
30 October 2008









Press Release
30th October 2008





Aricom plc

('Aricom')

Share price movement







Aricom (LSE: ORE, OREW), the Anglo-Russian developer of mineral resources, notes the movement in its share price today and the announcement yesterday that the Russian and Chinese authorities have reached agreement on a proposal for the construction of the first railway bridge between the countries. Aricom expects that if the bridge is constructed, it is likely to result in a saving of approximately US$4.0 per tonne of iron ore in transport costs. Aricom is also currently considering whether or not to tender for the contract to construct the bridge.







For further information:

Aricom plc



Charlie Gordon, Investor Relations Officer
Tel: +44 (0) 20 7201 8939



www.aricom.plc.uk

Abchurch



Charlie Jack/ George Parker
Tel: +44 (0) 20 7398 7700









This information is provided by RNS
The company news service from the London Stock Exchange

where will this stop today,and will it continue tomorrow at the same rate.

17m traded with almost a 50/50 split. May well be another rise tomorrow if trading is brisk, but friday selloff is on the cards, imo.

this damn bridge isn't even built yet ..... indeed, it has only got to the tendering stage, so it looks to me as though ORE have a long long time to wait for any benefit .... whether or not the share is intrinsically worth more than its current 14p is another argument altogether

Yes, I agree. The saving is approx $40m per year but that is way off & you could argue that that saving is now reflected in the price. Seems to be a case of any good news is welcome, regardless of how relevant to the company's value.

too difficult to call as the price moves up temptation grows to hold,

hold - yes ..... buy - no

Don,t forget,that the Russian stock market has fallen from 2,400 to 600 in the past few months ,so some recovery is on the cards.They are now in the 800 area I believe.

dont forget ore net cash value is 19p share

This is too fragile to hold, it has drop back.

Oh great! Thanks hlyeo. Now that you are shorting it, back to 5p we go! ;o)