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Archipelago Res Share Chat - AR.

Share Name Share Symbol Market Type Share ISIN Share Description
Archipelago Resources LSE:AR. London Ordinary Share GB0033551721 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 57.75 0.00 0.00 - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 138.5 47.0 0.0 1,118.2 336.76

Archipelago Resources Bulletin Board

DateSubjectDiscuss
08/11/2013
16:48
am i missing something? is it too late to accept the offer? if not, surely buying at sub 58 is an easy arbitrage?
by lfc4ever on Archipelago Resources Rising Production with Exploration Upside
15/10/2013
15:31
does anyone understand the timing/ procedure for acceptance. i have had a request for instructions from HL, but nothing from TD and IG.
by lfc4ever on Archipelago Resources Rising Production with Exploration Upside
02/10/2013
14:03
Well after much deliberation I have decided where I am putting my ill-gotten gains - Anglo Asian Mining (AAZ). Should seem attractive to those invested here I would think. hxxp://ironstorminvesting.blogspot.co.uk/
by ironstorm on Archipelago Resources Rising Production with Exploration Upside
01/10/2013
07:18
one would imagine that the jitters in the US will be bad for equities, good for gold and thus good for ar. And thus good for us. Oh- hold on a moment...
by lfc4ever on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
13:32
I already hold AAZ, so I have bought some more this morning with the cash due from AR. Wish me luck. GLA
by contrarian2investor on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
12:59
Very true but nothing we can do about it sadly.
by yorgi on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
12:51
Hi all fellow AR. shareholders, As private investors we have been robbed by the very people entrusted to run the company! Courtesy of Proactive Investor. Please ensure you read the last paragraph. It is very telling! Archipelago Resource (AR/LN)– Offer for company • Archipelago Resources shares jumped today on the announced offer for the company at 58 pence per share. • The offer values the business at £338m . • Archipelago Resources is not currently subject to the City Code on Takeovers. We suspect the offer has been timed just ahead of the rule change on London listed companies with overseas directors adhering to the UK Takeover Code which comes in on Monday. • Investors are warned that if they do not accept the offer then they might get stuck with less liquid paper in an unlisted company. . “the Offer is not governed by, nor do all the terms comply with, the City Code and, following consultation with the Takeover Panel, the City Code will not apply to the portion of the Offer Period that extends beyond 29 September 2013. Accordingly, Archipelago Shareholders will therefore not be afforded the protections of the City Code in respect of the Offer.” . Management target gold production of 140,000-155,000oz this year at a cost of US$620- $680/oz net of silver credits. § Good production rose 20% in H1 to 72,636oz of gold produced with a 46% yoy increase in production in Q2 to 41,061oz § The company reported cash and cash equivalents of $108.1m at the interim. Conclusion: We see the offer as opportunistic. The company is proving its value through recent gold production increases and this has reduced cash costs to $618/oz. We have to wonder why Archipelago was not previously advised to take up the UK Takeover Code for better shareholder protection as other miners have done?
by contrarian2investor on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
10:01
They have timed their move pretty well. I don't quite get the anger here. First, Raj I think played a very large part in overcoming the local difficulties- without them we might not be mining at all, and might not have a company to sell at all. Secondly, given that they had such a large % shareholding it was plainly the case, imo, that at some point they would seek a complete takeover. I have raised this as a possibility on this board in the past. ANyone who bought in post the raj involvement and did not take that into account is indeed a mug punter and deserves no sympathy. Thirdly, gold has the jitters. It is a very different environment from last year when Colin was looking for £1 a share. But for this move, if there was further weakness in gold, I think that a further retreat to 40p could have been a distinct possibility. those who bought at hihger levels will have done so when the outlook on gold was rather different. so gold investments have proved to be not so good over the last 18 months- deal with it . I am not too unhappy wiht 58p as an exit point.
by lfc4ever on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
09:39
Sad to see this go - lucky to get out well ahead. They are certainly getting a bargain. Good luck all. hxxp://ironstorminvesting.blogspot.co.uk/
by ironstorm on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
09:38
REM.That is all.
by juhelmiah on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
09:36
Moved Archipelago off my Buy Rating now. I expected this to go a lot higher during 2014 (towards 80p) so disappointed with the 58p bid which fell short of my 2013 year-end target. If anyone is looking for a smaller gold explorer (soon to be producer), I covered Serabi Gold (LSE:SRB) in my two-part gold series: http://www.theel1tetrader.com/2013/08/serabi-gold-higher-risk-gold-explorer.html May be worth a look. Good luck with all your investments elsewhere, I won't be re-covering Archipelago. El1te
by el1te on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:53
dont think i will put my returned cash into another miner
by juju44 on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:50
This is indeed a low offer. No doubt everyone approving the deal gets their lovely slice of cake. Am going to stick my profits into AAZ. Resource upgrade due on Monday
by jbravo2 on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:49
I agree but sadly we "small" PI's often suffer this outcome.
by yorgi on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:43
been here a year from 60p - gutted .Feel like i have been raped. This is theft What divi
by juju44 on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:41
outragegeous, BTW anyone got their divi today
by p4ulinho on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:30
usual corruption making idiots out of mug punters
by juju44 on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:20
Precisely! After all the talk of Archipelago making an acquisition, it is them who have been poached, and from within!
by el1te on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:18
funnily enough the market makes it a slam dunk considering that the bidder already has over 50% and hoovering up more as we speak at 57.5
by daneswooddynamo on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:16
Hmm, interesting development. I had a 60p target for Archipelago. Let's see what the market makes of it.
by el1te on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:02
That is a pity, a great company with great potential for the long term......yes probably is worth more.
by yorgi on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:02
so a few in the know get in with quick large 100k & 200k buys for a quick profit..
by spellbrook on Archipelago Resources Rising Production with Exploration Upside
27/9/2013
08:01
appalling really
by silverfern on Archipelago Resources Rising Production with Exploration Upside
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