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AGU Angus&Ross

2.625
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Angus&Ross LSE:AGU London Ordinary Share GB0009348862 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.625 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.625 GBX

Angus & Ross (AGU) Latest News

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Angus & Ross (AGU) Discussions and Chat

Angus & Ross Forums and Chat

Date Time Title Posts
25/6/201010:35Angus & Ross- time for recovery1,646
05/5/200901:22AGU multibagger for 2007/2008 ?6,541
29/8/200817:49Willie banned me by Ruffian24
16/6/200818:51Angus & Ross. Niobium and Tantalum miner.9
11/6/200823:03ANGUS & ROSS-gold and tantalum miner2,219

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Angus & Ross (AGU) Most Recent Trades

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Angus & Ross (AGU) Top Chat Posts

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Posted at 23/8/2009 13:37 by yorgi
There is little point in looking back in what might have been, as you say Ifc4ever we are where we are.

I do think communication is important and believe a well designed website which is kept up to date with all that is going on helps install confidence in existing shareholders and will give all the information that any prospective investors require. If it attracts investors as opposed to loosing them can only help the share price which is obvoiusly better if shares have to be issued to raise cash.....although that is the last thing we want now. However if the share price was a lot higher then maybe a different matter.

If all goes to plan with N. then we in a much better position for the start on Black Angel. Who knows where the price of gold might rise to in the next six to nine months ! I think we can be pretty confident that zinc and lead will rise further

Are you going to start a new BB with the new name Ifc4ever ?
Posted at 20/8/2009 18:28 by tsmith2
Valuation: Up to 11p/fully diluted share

Using a discounted dividend flow model we calculate a value of Angus & Ross of 11p/fully diluted share on the expectation that the loan notes to be issued to Cyrus Capital Partners convert into equity at 2p by 31st December 2012 and that the SEDA facility is drawn down in full (£5 million at 2p). This assumes both Nalunaq and Black Angel (Phase I &II) are developed as planned and excludes the upside potential associated with exploration success, increased production or higher metal prices.


11p/fully diluted share

If the share price rises nicely then it could well be £5mn at higher prices - less dilution.

I dont believe 6p would be an unreasonable expectation when the first bit of gold is poured.
Posted at 14/8/2009 19:59 by moreforus
it doesnt sound too good to be true... the share price has taken a severe kicking in the last few months and has hardly been ramped up or overpriced - the market has expressed extreme scepticism in AGU in everything they do - as soon as any news came out and price went up it got quickly kicked down - i would say the price reflects the risks, if it didn't we'd be 10p, as it is i hope we are at the end of a period of healthy scepticism and maybe one of the share price rising based on facts. We shall see next week.
Posted at 12/8/2009 13:00 by lfc4ever
Nickel and zinc hit year-highs
By Chris Flood

Published: August 11 2009 18:02 | Last updated: August 11 2009 18:02



Nickel and zinc prices have charged to their highest levels this year as Chinese steelmakers ramped up activity in response to their government's stimulus package.

Three-month prices – the market benchmark – for nickel on the London Metal Exchange hit $20,495 a tonne on Monday, up 75 per cent this year, with zinc reaching $1,920 a tonne, gaining 59 per cent in 2009.


Nickel prices followed a rise of 31.4 per cent in the first half of the year with an increase of 33.3 per cent in the second half so far.

Similarly, zinc rose 28.2 per cent in the first half but has gained 24 per cent since the end of June.

Stainless steel accounts for about 70 per cent of nickel usage while more than half of all zinc production is used to galvanise metals such as steel or iron to prevent corrosion.

As steel demand in the west has been extremely weak this year, China's stimulus package has been critical for both the zinc and nickel markets, the two metals playing a key role in steel production.

Global stainless steel output has dropped by almost a third in the first four months of the year compared with the same period in 2008.

But in China, the government's stimulus plan fast-tracked many infrastructure projects, helping steel production rise to 601m tonnes (annualised) in June, up 42 per cent from October's trough of 423m tonnes.

As a result, capacity utilisation at China's steel mills has jumped to an average of 91 per cent compared with 67 per cent in October.

Goldman Sachs says Chinese steel prices could rise rapidly if utilisation rates remain high. This optimism is also reflected in upgrades to analyst price forecasts for nickel and zinc.

Michael Widmer, metals analyst at Bank of America Merrill Lynch, recently raised his average 2009 price forecast for nickel from $12,500 to $14,370 and for zinc from $1,400 to $1,480.

For 2010, Mr Widmer upgraded nickel's price average from $14,000 to $18,500 and zinc from $1,750 to $1,800.

Rising steel production in China has driven a huge increase in nickel imports, which reached 120,000 tonnes in the first half of 2009, more than double for the same period last year.

This surge in Chinese imports could push the nickel market into a supply deficit for the remainder of the year.

Mr Widmer cautions that China's nickel imports are running at unsustainable levels as demand has run ahead of actual usage, leading to a build-up in unreported stocks.

But outside China, steel producers have begun announcing plans to increase output given the pending economic recovery.

"There is significant scope for stainless steel mills in the western world to increase production, especially in the light of the record low levels of inventory at stockists," says JPMorgan's Michael Jansen.

Industry leaders such as Lakshmi Mittal, chairman of ArcelorMittal, the world's largest steel company, also expects steel to make a strong recovery next year.

Mr Mittal forecast recently that global steel demand would rise by at least 10 per cent in 2010.

This year's revival in zinc prices has also been supported by China.

Government restocking has now ended but it helped push imports of refined zinc to 474,000 tonnes in the first half of this year compared with 182,000 tonnes for the whole of 2008.

Mr Jansen cautions that stocks held by Chinese smelters are "inordinately large" and that there is an additional 1m to 1.5m tonnes of production capacity that could be restarted if prices rise strongly.

However, the longer term outlook for the zinc market does appear positive.

Goldman Sachs identifies zinc – along with copper, cotton and soyabeans – as the four commodities with most leverage to China as it consumes about a quarter of global output of each and is a structural net importer.

"The structural shortage of zinc mine supply has not been eliminated and this should impose constraints on refined [zinc] production once the global economic recovery is in full swing," says Mr Widmer, who expects the market to return to a supply deficit by 2011.
Posted at 03/8/2009 16:33 by yorgi
All very well keep posting the price of Zinc and Lead Tommy......we all knew that it would rise again.......but it matters no one jot unless AGU start to show that they are going to get it out of the ground.....or gold for that matter.

However saying that I am still with AGU and beleive they will. The falling price of zinc and lead never unduly worried me as i was quite sure as the world economy recovered so would price of metals but AGU have to show they are up to it.

That is why their share price remains low
Posted at 03/8/2009 07:49 by wow400
Traders bet on continuing stock market rally

The recent stock market rally could continue this week, as traders increase their bullish positions in a wide range of asset classes.


The FTSE 100 had its best month in more than six years in July, boosted by a number of better-than-expected corporate earnings releases and hopes that the worst of the recession was now over. Derivatives traders are now betting that improving conditions would result in further price rises in metals and soft commodities.

Commodity prices have risen sharply this month after economic data improved and the dollar slid to its lowest level in 2009 – and further rises are now expected.

The copper price, which is seen as a leading indicator of future economic growth, rose for a seventh-straight month over the course of July. Aluminium prices put in their highest monthly gain since 1988.

The FTSE 100 is heavily exposed to mining and oil groups, with about 30pc of its weighting made up by global commodity plays such as BHP Billiton, BP and Fresnillo.

Last week, earnings reports from the likes of AstraZeneca, Pearson and Cadburys pleased as cost-cutting measures made businesses leaner and positioned them well for an economic upturn.

There is the potential for any rally to derail, however, as earnings are released this week by the major UK banks and insurers.

However, US derivative traders and hedge funds have bet that the recent rally in many asset classes will continue, data from the US Commodity Futures Trading Commission (CFTC) reveal.

In the week to July 28, traders increased bets that the price of a wide range of commodities will continue to rise. When more traders are using futures contracts to bet on a price rise than on a price fall a so-called "net long" position is created.

Last week an increase in the net long position was seen in a wide range of contracts, including crude oil, heating oil, platinum, orange juice, cocoa, sugar, corn, hogs, soymeal, cattle and silver, while the net short position in copper, which means more traders expect a fall in prices than expect a rise, was reduced. Bets on a rise in the cotton and gold price fell slightly.

The data was compiled before Friday's positive reading on US second-quarter GDP, which fell 1pc year-on-year compared with expectations of a 1.5pc fall.

"The outlook for base metal prices is growing more positive," says Gayle Berry, an analyst at Barclays Capital. However, she thinks that Chinese buying of copper is likely to moderate in the second half of the year, after the country's imports doubled in the first half.

The FTSE 100 index of leading shares climbed 8.5pc in July, adding £134bn to the value of the stock market.
Posted at 23/7/2009 12:36 by bushtuckaman
The problem is if the loan notes get converted there will be a minimum of 822 million shares in issue plus more from the SEDAR and an unknown quantity from the BAM capital raising. The note holder would owning 70% of the issued share capital.

So at 2.5p the market cap would equate to £20m for a future gold mine and future Pb/Zn mine.

If the share price rises a little whats stopping the note holder converting some and selling at a profit, depressing the sp

They need to wait for consistent production from the gold mine startup to get the share price up before raising capital for BAM. Otherwise there could be more punitive dilution, as i cant see the amount needed to start BAM being lent as debt.

I'm not saying it wont go up, but there are too many known unknowns to tempt me to average down on these. I think it may be a long wait before this makes any significant moves, if any.
all imho, dyor etc etc.
Posted at 23/7/2009 11:03 by bushtuckaman
Firstly to correct you agu is not a gold miner (or a miner of anything for that matter), it has produced nothing to date!

NGL's was a marginal producer when the share price went down to 2p and was caused by fear of the company going bust and/or a massively dilutive capital raising to save them. This was averted by the gold price spiking in oz dollar terms and so making them highly profitable again. Couple with this strong managment with a proven track record reducing cash costs and maintaining steady producing in the region of 20k oz per quarter etc.

The comparison is correct in that they were driven down to penny sp's. The difference is that AGU didnt avoid the massivly dilutive rescue and there are now loan notes (convertible at any time)into over 577 million share

Add to that the continued dilution of the SEDAR and the fact that to get BAM up and running they will need to raise alot more money through debt/equity ie more dilution.

This isnt a compelling buy imo, there are alot better plays about with much less risk.
Posted at 23/7/2009 10:35 by moreforus
why...6p plus 12-14 mill not me foxy..depends how you translate the 12-14 mill into a share price ..

ngl - gold miner..80k per anumn at a cost of 700 aud average cost..

agu - gold miner (plus zinc/lead) .. 33k per anumn at an initial cost of 600 usd (which will go down)

sorry am i missing something unless ngl make digital watched and agu make bananas....
Posted at 02/7/2009 00:23 by scotty1
You've been in ages edwardsj,well join the club lol or should I say I've
followed AGU for ages and been in and out a few times when I WASN'T HAPPY to
hold (stuck that one in for mario lol).I am very happy to hold now,best position
AGU have ever been in.If this was a couple of years ago the share price would be sitting at 40 odd p :-)
Shouldn't worry about your pension fund mate as long as iyou don't need it for
a couple of years AGU will get back up there.As I've said I keep in touch with
Nick Hall as I do with other ceo etc of other stocks I own (I wont touch a stock
were they dont or wont communicate with the shareholders learnt my lesson with that one long ago)I know you have to read between the lines with some of their replys as they cannot give out certain info obviously,but they are only human
and do have a little slip of the tongue now and then which is nice :-)as for my
target still not giving that out but suffice to say it's quite a bit north from
were it is now.I used the late unspotted rns as a little oppertunity to top up
with a few more.As far as i'm concerned they could have issued a rns like that
in the early hours of Sunday morning ;-)It's not how they start it's how they finish.
Angus & Ross share price data is direct from the London Stock Exchange

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