Share Name Share Symbol Market Type Share ISIN Share Description
Aricom Plc LSE:TIO London Ordinary Share GB0033990283 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 76.50p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 665.90

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Date Time Title Posts
27/11/200718:13tio598.00
28/8/200706:28Aricom , the oh well they didn't cost me anything and are doing ok so far thread128.00
01/12/200613:32The New and Correctly Spelt TIO Thread!5.00
01/12/200613:15tio-
01/12/200608:42a good long time investmant120.00

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DateSubject
10/10/2007
14:01
tullynessle: Share price movement and trading volumes have been significant over the last couple of weeks. Is anyone aware of any information coming available at the Metals conferences currently being held in London e.g. is higher contract pricing for iron ore being fixed between other Miners & Consumers? I suppose another possibility could be newsflow resulting from their recently announced "commodities cooperation agreement with Oboronimpex". I have no idea as to the answer, however the high volume and firm share price appears to indicate that something is brewing.
05/10/2007
12:49
pyglet: From this weeks shares mag: Significant progress has been made with developing Aricom's portfolio of iron-ore projects. It has finally gone public with plans to build a bridge between Russia, where it will operate, and its intended market of China in an attempt to slash transport costs. It has done this to put pressure on the Chinese government to approve the deal when its Chairman visits Moscow in November. Aricom is looking at doubling output from 10m to 20m tonnes a year at the Garinskoye deposit, with details expected in the pre-feasibility study in early 2008. The move to the main market should be completed by early November, which will trigger investments by tracker funds and wider institutional attention, thus benefitting its share price. SHARES SAYS: Buy Now before it enters the major league. By Dan Coatsworth
28/8/2007
08:34
backpacker: Interesting write-up in the Sunday Times 26/8 "Inside the City". Aricom YOU might think miners would have done relatively well from the pandemonium, as they are regarded as defensive stocks. Not so. The FTSE mining index, which includes all the listed miners on the main market, dropped from a high of nearly 22,000 in July to close to 16,000 in the middle of August. It has partly recovered, finishing the week at 18,310. If you think the boom in demand from China and other emerging markets that has pushed these stocks up over the past year has come to an end, then the fall is explicable. If, like me, you don't then it seems a bit bonkers. You could invest in some of the large caps in the sector – BHP, Rio Tinto, or Anglo American – but if you fancy more risk and potential reward, AIM-listed Aricom is an interesting proposition. Aricom is a spin-off from Peter Hambro Mining, the gold miner with assets in Russia. It was set up to exploit Peter Hambro Mining's nongold prospects. It has five big Russian projects – two ilmenite and titanomagnetite deposits, two iron deposits and a titanium sponge plant. The first of these assets, at Kuranakh, should begin production at the end of the year. The others are in varying stages of advancement, but a key point is that Aricom has already done its fundraising. Whether by good luck or judgment, it raised £270m earlier this year, the largest ever secondary fundraising on AIM, before the market chaos arrived. According to some estimates, the cash it holds is worth about 25p a share. To mark the shift from development into production, Aricom plans to move to the main market in November. In the past few months Aricom, along with other resources stocks, has taken a bit of a pounding. The share price has fallen by 14% over the past month, and almost a third over three months. It closed last week at 50.75p. Risk is part and parcel of investing in Russian mining stocks, but that looks cheap.
27/8/2007
10:11
mpilot: Interesting write-up in the Sunday Times 26/8 "Inside the City". Aricom YOU might think miners would have done relatively well from the pandemonium, as they are regarded as defensive stocks. Not so. The FTSE mining index, which includes all the listed miners on the main market, dropped from a high of nearly 22,000 in July to close to 16,000 in the middle of August. It has partly recovered, finishing the week at 18,310. If you think the boom in demand from China and other emerging markets that has pushed these stocks up over the past year has come to an end, then the fall is explicable. If, like me, you don't then it seems a bit bonkers. You could invest in some of the large caps in the sector – BHP, Rio Tinto, or Anglo American – but if you fancy more risk and potential reward, AIM-listed Aricom is an interesting proposition. Aricom is a spin-off from Peter Hambro Mining, the gold miner with assets in Russia. It was set up to exploit Peter Hambro Mining's nongold prospects. It has five big Russian projects – two ilmenite and titanomagnetite deposits, two iron deposits and a titanium sponge plant. The first of these assets, at Kuranakh, should begin production at the end of the year. The others are in varying stages of advancement, but a key point is that Aricom has already done its fundraising. Whether by good luck or judgment, it raised £270m earlier this year, the largest ever secondary fundraising on AIM, before the market chaos arrived. According to some estimates, the cash it holds is worth about 25p a share. To mark the shift from development into production, Aricom plans to move to the main market in November. In the past few months Aricom, along with other resources stocks, has taken a bit of a pounding. The share price has fallen by 14% over the past month, and almost a third over three months. It closed last week at 50.75p. Risk is part and parcel of investing in Russian mining stocks, but that looks cheap. ENDS. There looks to be very little following on this board, in view of so few posts, but is anyone keeping this on their radar?
09/8/2007
20:28
greendalef: I don't disagree that the share price will hit 80p at some time. The equation i am wrestling with is - there are now 1bn shares fully diluted. to get to 80p will require a company value of £800m. Kuranakh should be on stream next year, K&S are a long way off from generating cash flow. Therefore with the market correction currently taking place is better value offered elsewhere from the nearer term producers which is the real driver (after initial exploration) of mining shares. Looking at the TSE one or two producers and near term producers look very good value alongside TIO. But of course the real problem I wrestle with is - the second I sell they will ten bag !!
09/8/2007
13:19
greendalef: As pi's we want shooting for not thinking this level of dilution would not have an effect on the share price. I could kick myself because its a basic investment mistake to make in a developing mining company. The dilemma now is - we are at the bottom of the 'J' curve I think/hope!!). How long before we realise decent gains - can my money be put to better use elsewhere while TIO develop the various projects. Spin of a coin I think.
23/7/2007
19:29
hopeful58: The timing of all these director dealings interests me. The share option allocated to Sir M F in Dec 2003 wasn't due to expire until 2013. Why exercise the option now? Peter Hambro gifts a gaggle of shares to family and charity. Pavel Maslovskiy gives 1m shares to a member of management. I wonder who?? They would have real egg on their faces if the share price dropped. Sir F L buys 26,000 shares. Not megabucks, but it's a start. On the face of it, it seems to me that the K&S aquisition is now a done deal with all the I's dotted and T's crossed. If it weren't, why would they worry about the number of TIO shares they are DUE to own? Feel free to call me a complete numpty, but gently please. On the question of AIM shares tax implications. Are shares purchased in an AIM stock PRIOR to main market transfer still treated as AIM shares after transfer, or are they then treated as main market listed shares. Good luck to all holders. Cheers H
05/4/2007
08:14
grgkecer: "I believe that for Wardell Armstrong, a leading global consulting company in our field, to provide an independent valuation of just one of our assets which amounts to what would be twice the market capitalisation of the Company at today's share price were all the new consideration shares in issue, is confirmation of Aricom's potential."
09/10/2006
16:54
bionicdog: http://www.minesite.com/storyFull5.php?storySeq=3850 Minews Story Date: October 10, 2006 Aricom Gets To Grips With Its Widening Portfolio Of Russian Assets. When we last took a look at AIM listed Aricom in March it was just coming to life after a snooze of more than two years following its spin off from Peter Hambro Mining. Tom Swithenbank, the ex-West LB asset manager who used to be CEO, has been put out to grass; Jay Hambro has taken over his job; and the team has been sharpened up with Martin Smith coming in as technical director. He has more than 25 years experience in mining and has led coal, base and precious metal projects for companies such as Anglo Kier International, Costain Mining and Shell International. This is an important point as Aricom stands for Anglo Russian Industrial Company and is effectively, like Peter Hambro Mining, a Russian company with a UK financial engine. It is therefore doubly important that any technical input from the London end gains the respect of the Russians. The company started off with the Kuranakh ilmenite and titanium magnetite project in the Amur region of the Far East of Russia. At the beginning of this year the pace hotted up and it acquired from Messrs Peter Hambro and Pavel Maslovskiy an option on a 50 per cent interest in the the Kimkanskoye and Sutarskoye iron ore deposits further to the south near the border with China and a few kilometres from the Trans Siberian railway.The two deposits contain a total of 550 million tonnes of iron ore in the Russian C1 category or higher. These deposits are on the doorstep of potential Chinese customers with whom Mr Paslovsky is already in talks, so should prove very competitive with iron ore exported from Australia or Brazil. Within another couple of months Aricom had also acquired a 49 per cent interest in the Bolshoi Seym deposit, a magnetite and ilmenite deposit close to Aricom's original project at Kuranakh and a month or so later raised US$158 million, nearly half of which was used to buy the remaining 50 per cent in the two iron ore fields. Following this burst of activity the management has focused on the Kuranakh deposits which are round 36 kms south of the site of the beneficiation plant at Olekma. A road will have to be built between the two and Olekma is on the Baikal Amur railroad which is about 250 kms north of the Trans Siberian Railway. The purchase of Bolshoi Seym boosts the size of the total project considerably as the resources are now estimated at 58 million tonnes of titanium oxide and 125 million tonnes of general iron content. Interestingly a couple of Russian giants, Norilsk Nickel and Plyus, are going to be involved in the development of Bolshoi Seym which just shows the advantage of paying the game the Russian way. The focus is now on Kuranakh which is targeted to commence operations at a rate of 2.4 million tonnes/year by the end of 2007. The results of a feasibility study have just been announced and they confirm that this target is realistic. In summary, the mine will operate two conventional shovel and truck open-pits. The first of these open pits, known as Saikta, has a mineable reserve of 18.4 million tonnes and will operate for the first 8 years. The second, Kuranakh, has a mineable reserve of 15.7 million tonnes and will operate from years 7 to 14 years. The mines and primary crushing and screening plant will be situated at the Kuranakh site and they are designed to mine ore averaging 32.9% iron and 10.3% titanium oxide. The construction cost of the project is reckoned at US$68.3 million and the process plant will be producing 900,000 tonnes/year of iron concentrate which has been upgraded to 62.5% iron and 290,000 tonnes of 48.7% titanium oxide concentrate. The work is already in progress and on schedule so there is every chance of it coming into production on schedule. A net present value of US$100 million has been assigned to it and strong cashflow is forecast. In the meantime Aricom has entered into a conditional contract to acquire the balance of Kuranakh for US$11 million and has announced that initial results from drilling at the two iron ore deposits to the south confirm the original reserve and resource estimates. Looking further down the track a pre-feasibility study should be completed early next year and production from Kimkanskoye should start in 2010. Brokers Canaccord cannot find much to argue about on the feasibility study. Costs are a shade higher than expected so the net asset value had to be reduced a shade, but even so the combined value of the assets of Aricom, including cash, leave the present share price well behind. The biggest risk n the brokers' view is from potentially disappointing recovery and excessive grinding requirements at the company's magnetite project. This looks little more than a niggle at this stage so Aricom looks to have a fair wind behind it and will be looking for its Russian partners to introduce other projects.
31/3/2006
06:46
bionicdog: Minews Story Date: March 31, 2006 Aricom Has Transformed Itself In the First Quarter Of 2006. Only three months of 2006 have passed so far, but those who kept an eye on AIM listed Aricom last year would not recognise the company now. Not that there was that much reason to keep an eye on the company in 2005 as it had made remarkably few waves since being spun out of Peter Hambro Mining in December 2003 to develop the Kuranakh ilmenite and titanomagnetite deposit in the Far East of Russia. It was working steadily towards production date in 2007, but its efforts struck commentators as earnest rather than exciting. All this changed in January when Messrs Hambro and Maslovsky decided they had enough time and money on their hands to get Aricom motoring. An explanation had been given to analysts on the business plan to get Peter Hambro Mining into production at a rate of 1 million ozs gold/year by 2009 so they decided to give Aricom some much more ambitious aims than simply starting to produce titanomagnetite. The first step was the acquisition of an option on a 50 per cent interest in the company which owns the Kimkanskoye and Sutarskoye iron ore deposits. The price of the option was agreed at US$9 million, which is what Messrs Hambro and Paslovsky paid for it last October, but Aricom will then have to pay up to US$61 million, depending on an independent valuation, to complete the acquisition. Luckily for Aricom Messrs Hambro and Maslovsky have a fair bit of influence with LLC Expokom, the company holding the 50 per cent interest, so payments can be made in Aricom shares when the time comes. The price of these shares will, however, be deemed as 28p compared with the present price of 58p so it is clear who benefits. To be fair, at the time of the deal the share price was 28p and it had been a lot lower in preceding months, so it is clear what the market thinks of these deals. These iron ore deposits are in the Jewish Autonymous region of Russia's Far East which borders China, and are located just four and ten kilometres, respectively, from the Trans-Siberian railway which runs into China. The two deposits contain a total of 550 million tonnes of iron ore in the Russian C1 category or higher. C1 is considered to equate to proved or probable reserves /indicated resource under the Canadian or Australian systems, whereas A and B are in the higher proved reserve/measured resource categories. The deposits are on the doorstep of potential Chinese customers with whom Mr Paslovsky is already in talks, so should prove very competitive with iron ore exported from Australia or Brazil. The dust had hardly settled on this deal when Aricom, with Messrs Hambro and Maslovsky now installed as joint deputy chairmen, announced that it was going to acquire a 49 per cent interest in the Bolshoi Sejm ilmenite and magnetite deposit which is only 40 kms from the beneficiation plant at Olekma planned by Aricom for its Kuranakh production. It boosts the original project six fold as the resources are estimated at 58 million tonnes of titanium oxide and 125 million tonnes of general iron content. The cost of the deal was once again funded by a company in which the deputy chairmen had an interest, but this time they decided that they wanted to be repaid in cash once Aricom had raised funds from lenders and equity providers. As an additional incentive to the funding Aricom announced at the beginning of February that the development of the Bolshoi Sejm ilmenite and magnetite deposit will be undertaken in co-operation with Norilsk Nickel and Polyus. These are the two huge Russian companies which played such a callous game with AIM listed Celtic Minerals over ownership of the major Nezhdaninskoye gold deposit in Siberia. Presumably the lesson learned from this is that it is wiser to have these companies on the inside looking out than on the outside looking in. It is a lesson Peter Hambro learned back in the 90s when he was involved in a joint venture at Pokrovskoye with Homestake which insisted on employing ex-pats and flying in US equipment. The partnership broke up and Hambro soldiered on with Russian partners using Russian expertise, products and facilities. Just over a week ago Canaccord Adams and JP Morgan Cazenove, as bookrunners, placed 200 million shares in Aricom at a price of 45 p per share to raise around £90 million before expenses. These funds will enable the company to complete the development at Kuranakh where it expects production to be 240,000 tonnes/year of ilmenite concentrate and a minimum of 660,000 tonnes/year of iron ore in the form of titanomagnetite concentrate. An offtake agreement has already been reached with China National Gold Corporation for the supply of 3.3 million tonnes of titanomagnetite concentrate over 5 years and at least 360,000 tonnes of ilmenite concentrate over 1.5 years so the project should get off the ground. These funds will also be used for exploration and feasibility work at Bolshoi Sejm and Kimkanskoye and Sutarskoye, as well as provide Aricom with funds to seek further growth opportunities in metals and minerals in the Far East of Russia. The only problem seems to be the definite feasibility study for Kuranakh which still hasn't appeared. The excuse is that Vnipiprom is overworked, but the answer is for Tom Swithenbank, Aricom's CEO, to crack the whip in their offices. That is the sort of positive gesture expected by investors from Aricom nowadays
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