Share Name Share Symbol Market Type Share ISIN Share Description
Archipelago Resources LSE:AR. London Ordinary Share GB0033551721 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 57.75p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 138.5 47.0 0.0 936.6 336.76

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DateSubject
26/9/2016
09:20
Archipelago Resources Daily Update: Archipelago Resources is listed in the Mining sector of the London Stock Exchange with ticker AR.. The last closing price for Archipelago Resources was 57.75p.
Archipelago Resources has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 583,135,936 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Archipelago Resources is £336,761,003.04.
05/7/2013
08:50
juju44: first majestic silver - but i also do hold AR as it looks good on paper , just never delivers in the share price
26/4/2013
08:17
ronnie corbet: the share price did not tank, there are many other gold shares that tanked, this one was one of the better ones.
17/4/2013
09:18
nametrade: You would think that the share price would hold station. Most producers are not profitable at a lot higher gold price than AR. How low will we go?
06/3/2013
17:12
contrarian2investor: Now I have caught up too. paleje sadly lots of good junior goldies are on lowly pe's. My view is that most recent mega-mergers in the sector have only led to mega writedowns. So one of the next strategies could possibly be smaller bolt-on acquisitions of good assets in lower risk areas with less political headwinds. ------------- Taken from the other AR. thread. contrarian2investor 6 Mar'13 - 09:01 - 1088 of 1090 0 0 edit On Friday I bought back into AR. (see post 21956 on the SHA thread), Monday they announced that they plan to join the ranks of dividend paying mining stocks. Their forthcoming results should crystallise my findings and lead to a re-rating once the dividend is confirmed. Taking the share price back above 60p with a 2-3.5% yield. Good luck all.
06/3/2013
09:01
contrarian2investor: On Friday I bought back into AR. (see post 21956 on the SHA thread), Monday they announced that they plan to join the ranks of dividend paying mining stocks. Their forthcoming results should crystallise my findings and lead to a re-rating once the dividend is confirmed. Taking the share price back above 60p with a 2-3.5% yield. Good luck all.
04/3/2013
09:14
silverfern: It's not just rising production but also falling costs. I am expecting 2p per share which at current prices provides a 3.5% yield. MOre to the point is the principle this establishes. If the shareprice cannot provide a capital return then this is the way to keep shareholders engaged and to attract others. It should also underpin the share price.
04/3/2013
07:36
hard work: is my maths right? As an example, if a company is on a PE of 10, and pay 10% of profits as dividends, dividend represents 10% of share price? Not sure what PE ARG is currently trading on, but it's not 10 is is?
01/3/2013
08:59
juju44: why is this so unloved - another massive vote of confidence for the share price
23/1/2013
07:11
lfc4ever: another very positive rns. that should knock a few more pence of the share price.
30/4/2012
12:26
yorgi: Ambrians latest on AR. Metals & Mining 30 April 2012 Archipelago Resources (AR) Price: 60p Target Price: 89p Recommendation: Buy Market Cap: £344m Post Site Trip Update It has been 12 months since we last visited Archipelago's flagship project, the Toka Tindung gold mine in Indonesia, and we were impressed by the development that has been made over that time. When we last visited the operation production had only recently commenced, with teething problems, which occur at most gold operations, being encountered (in Archipelago's case there were issues bringing the mill up to speed as the clay-based ore was clogging the ball mill). These issues have now been resolved, as the plant is currently operating in excess of nameplate capacity. What was really pleasing was that management is not satisfied with just reaching nameplate capacity; it is looking at ways of increasing the company's overall production through potential plant expansions, heap leaching lower-grade ore and M&A activity in the SE Asian region. This promises to be an exciting year for Archipelago. Production As previously reported, this was the first full quarter of production for Archipelago, and results were within our expectations. Importantly, the mill continued at its nameplate capacity (it actually slightly exceeded capacity), with recovery rates at over 91% during the quarter. Production was slightly below our forecast for the quarter due to slightly lower grade being processed. We expect the grade to increase throughout the year (2.8 g/t by year end) as the higher-grade satellite pits are mined at a greater rate. We maintain our forecast production guidance for Archipelago for 2012 at 141,000oz Au at a cash cost of US$561/oz. Future Expansion The company outlined two strategies to increase production further at the Toka Tindung operation in the near term: through plant expansion and heap leach. We believe there is scope to increase the plant capacity from the current 1.7Mtpa up to 2.2-2.5Mtpa. This would potentially see production increase up to approximately 200,000oz Au eq pa. The company is also examining the potential to increase production through heap leaching the lower-grade ore. Archipelago highlighted that the nearby North Lanut gold operation is a heap leach to indicate it was possible in the region despite the heavy rainfall in the wet season. The company is currently completing studies on both of these options. Archipelago is also revising its production guidance, which is due to be completed by the end of the year. We would expect one, if not both, of these options to be included in this guidance. M&A The company is continuously reviewing a number of M&A opportunities in the region. We believe the asset will be in the SE Asian region (it is not likely to be in Indonesia as it wants to diversify its country risk) and will be at a development stage, which has the potential to produce at least 100,000oz pa. Whilst the company will not rush into an acquisition for acquisition sake, we believe that it would prefer to make an acquisition sooner rather than later, to not only take advantage of the lag that is present in gold equities in comparison to the gold price, but also to put management's stamp on the company. Exploration As we have reported a number of times, the exploration potential at the Toka Tindung Project is exceptional, and should ensure that the company's current reserves and resources will continue to expand for some time into the future. Whilst we believe the current defined resources will continue to expand along strike, there is great potential to expand the resource at depth where only minimal drill has been conducted to date. We believe that it is highly probable that once open-pit mining has ceased the company will continue mining underground, most likely at the satellite pits where the grade appears to be sufficient to support an underground operation. We also believe there is a high probability of finding additional high-grade satellite deposits near the current known deposits. We expect further resource and reserve upgrades either later this year or early next year. It is highly likely that the company will increase the reserve at Toka Tindung to approximately 2Moz at the next reserve upgrade. Changes to Indonesian Mining Laws As has been widely reported, there are going to be changes to the current mining laws in Indonesia. Whilst this will not be favourable to a large number of current miners, developers and explorers, there will only be minimal changes for Archipelago as it has an existing CoW. Any changes to the CoW require re-negotiation and agreement by both parties (Archipelago and the Indonesian Government). Most importantly, there will be no changes to Archipelago's current ownership structure of the project (95%). Recommendation We maintain our BUY recommendation for Archipelago and our target price of 89p. We believe that share price momentum for 2012 will be driven by: · 2Q12 production - July 2012 · M&A activity - 2012 · Update mine plan - 2H12 · Update on heap leach potential and plant expansion - 2H12 Ambrian acts as Broker to this company Extel UK Small & Mid Caps 2012 voting is now open. Ambrian Partners has a strong history of performance in this survey and hopes to maintain this in 2012. Our metals & mining research is not supported through secondary trading commissions and is provided with the sole aim of giving high-quality objective investment advice to assist our clients. If you believe the quality of our research merits it, we ask that you vote for us using the link below.
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