Angus & Ross Share Discussion Threads

[bushtuckaman] 20/8/2009 08:22

Thanks hard work, but do you not think it strange when in the below RNS



it states

'* The Loan Notes are convertible at any time at the option of the note holders into an aggregate of 577,275,643 ordinary shares of 1 penny in the capital of the Company ("Ordinary Shares")'


and that is on top of the 247,302,761 shares currently in issue

Yet the Fox note and NH state 300 million shares fully diluted, maybe they just mean shares, options and warrants in that number.

This issue needs clarifying up as it makes a massive difference to the investment case,it makes or breaks it imo

[hard work] 20/8/2009 07:51

Bush (post 1554) - I checked with NH and he assures me that FD's report DOES allow for conversion in the valuations

[chrisis33] 20/8/2009 01:15

Not a ridiculous amount of share dilution here either by my quick check - appears approx double the number of share in issue now than in early 08. Can any long termers confirm this?

[chrisis33] 20/8/2009 01:09

Let's get this recent rise in perspective ... more to come here given the news IMHO.

[moister] 20/8/2009 00:48

wowee, where will this stop in the short term??

[wow400] 19/8/2009 16:41

Mentioned in an article about Crew :

'Meanwhile, the sale of the Nalunaq mine to Angus & Ross will be completed when the new Greenland Minister for Minerals and Petroleum gets round to signing the transfer authorization.'

[wow400] 19/8/2009 16:31

Hope it keeps this price for the next few days then...

[moreforus] 19/8/2009 16:20

jf....erm..this is the highest we'e been sice may - think i'll take a 25% rise every day thank you...

[moreforus] 19/8/2009 16:17

..i think i should go on holiday more oftern - running on fumes ...

told you she was going to blow...brokers notes are going to give a target of 8-10p i reckon...

[jonnyfro] 19/8/2009 15:16

Someone still dumping at 2.75 shame cos this would be well up on the day given the tradiing patterns

[jonnyfro] 19/8/2009 15:11

it was an mm trade - obviously still selling for someone..

[linslader] 19/8/2009 15:04

If a million sell pushes the share price up, bring it on lol.

[cinoib] 19/8/2009 14:59

That 1 mill was a sell. Price at time of trade 2.75-3

[wow400] 19/8/2009 13:54

From ruudboy99 on iii:

t1ps updated view is, for what its worth: "The shares remain risky, as the company continues with its search for further financing to put the Black Angel Mine and Nalunaq into production. Until the company delivers the stance can be no more than 'speculative buy' at 2.625p."

[wow400] 19/8/2009 13:51

And for Moister to say good volume... ;-)

[moister] 19/8/2009 13:39

Good volume, thinking of adding

[dvsfm] 19/8/2009 13:27

11P WILL BE A GOOD START

[bushtuckaman] 19/8/2009 13:27

That broker note is misleading to the point of being criminal.
It states fully diluted shares at 300 million.... more like 822 million shares with the convertible loan notes.
Have i missed something regarding these loan notes??

[wow400] 19/8/2009 13:21

You don't have to use cyanide leaching to produce gold though but it makes it a lot more efficient...

I think! (remembering chat from the HMB a few years back!)

[scotty1] 19/8/2009 13:16

hw it don't say full production it says quote "We have assumed that the licence to use cyanide will not be granted until mid February and we therefore anticipate gold production early in the June quarter of 2010" to me thats says any gold production.A bit of a let down there AGAIN.Guess we'll just have to wait a bit longer to get that share price up a a decent lvl AGAIN.

[wow400] 19/8/2009 13:15

Mmmm, yeah, looking at it again I can see that it look like it's for the cyanide treatment.
Not well written or it contains the ambiguity for a reason...;-)

[hard work] 19/8/2009 13:09

As m4us is now on hols, I can say it...they need to prove they can get it out of the ground...

[hard work] 19/8/2009 13:08

Interesting that they're forecasting EPS of 4p with cashflow per share of 9p in 2012

[jonnyfro] 19/8/2009 13:06

hard work thats how I read it :-) never the less ill take a forecast of 11p when I can buy now for 2.75 ;-)

[hard work] 19/8/2009 13:05

Wow - I think the mean full production using the cyanide.