Angus & Ross Share Discussion Threads

[moreforus] 09/7/2009 14:14

well online limits same ..however someone managed to pick up 200k for 1.995..

still 6 on 6

[moreforus] 09/7/2009 14:08

ok forward p/e of 1

however you cut it sentiment will shift to excite buyers when we start getting some realistic pricing!

[hard work] 09/7/2009 13:59

Moreforeus - but take the dilution into account, and cap more like £15-£20m

[moreforus] 09/7/2009 13:48

tw says its a speculative buy as he already told people to buy once and then changed his mind so thats why he's trying to cover his rear end...

[moreforus] 09/7/2009 13:47

current mkt cap 4.9 mill gbp -> with say 15 mill PROFIT in GBP pa .... we are trading at a forward p/e of 0.3

[moreforus] 09/7/2009 13:45

we are sitting on a gold mine (-;

limits still the same

2.125 up to 600k

2.05 for a 1,000,0000

that means we now have a 1.6 mill overhang..

that could take as little as a week to clear....

[hard work] 09/7/2009 13:41

Just had a chance to listen to Nick's interview.

Putting aside my hesitancy as to whether they'll actually deliver, the numbers do look very juicy.

He reckons his gold cost of production will be $450 an ounce (that's lower than the $600 originally stated) and the lead / zinc cost of production will be $800 per tonne. I think he said, correct me if I'm wrong, that they'll produce 70k tonnes of "metal" from BAM

Therefore, the gold mine will throw off $12m cash pa (assuming $900 per ounce) and BAM will throw off over $50m. Even if we say 170k tonnes of ore at 20%, that's still $27m cash thrown off pa.

Taking on a loan of $55m to develop BAM should be no issue for a company generating $40m pa.

[scotty1] 09/7/2009 11:47

I see tommy tittlemouse as done another little piece on AGU and Nick Hall referring to him putting on a good show on trading places y'day.Obviously
i cannot copy and paste the piece for copyright reasons but i will say how he finished off the piece

"In theory this stock is very cheap indeed/. But Angus has a history and until it delivers the stance can be no more than speculative buy"

[moreforus] 09/7/2009 10:11

yep agreed....not a question of if but when.....

[luckyvince] 09/7/2009 10:08

100k sell at 1.85 so all trades are buys

[moreforus] 09/7/2009 09:30

2.02 now 2.125 ...

we are making progress...

well done buyers!!

[moreforus] 09/7/2009 09:27

limits changed

now 2.02 for a 100k
2.125 for up to 500k
and 2.05 for up to 1 mill!

[moreforus] 09/7/2009 08:55

..online limits unchanged still can get 1 mill at 2.05 and 500k at 2.125 and 200k at 1.98...

buy and hold

[dvsfm] 09/7/2009 08:53

well just bought another 100k at 1.975p, looking forward to this production now

[moreforus] 09/7/2009 07:28

another good metals story:-

China Car Sales Jump 48% on Support, Most Since 2006 (Update2)

Share | Email | Print | A A A

By Bloomberg News

July 9 (Bloomberg) -- China's passenger-vehicle sales rose 48 percent in June, the biggest jump since February 2006, as government stimulus spending spurred a revival in the world's third-largest economy.

Chinese motorists bought 872,900 cars, sport-utility vehicles and other passenger vehicles last month, the China Association of Automobile Manufacturers said in a statement today. Overall auto sales, including buses and trucks, rose 36 percent to 1.14 million.

A 4 trillion yuan ($585 billion) economic package has helped China surpass the U.S. as the world's largest auto market this year and boosted sales for companies from General Motors Corp. to Alcoa Inc. The country is "a positive force" that will help drive growth as the world emerges from the global recession, billionaire George Soros said yesterday.

"China's downward slide is clearly over," said Wang Qingtao, an analyst at First Capital Securities Co. in Shenzhen. "There is also huge natural demand for vehicles, which will continue to drive the industry for years to come."

Annual Forecast

The trade group raised its full-year vehicle sales forecast to more than 11 million from 10.2 million previously. First-half sales jumped 18 percent to 6.1 million after the government cut some retail taxes and handed out vehicle subsidies in rural areas to spur demand.

The Chinese auto group is "cautiously optimistic" about the industry in the second half, it said.

SAIC Motor Corp., the country's biggest automaker, rose as much as 6.8 percent and was at 18.52 yuan at 1:48 p.m. in Shanghai trading. The stock has more than tripled this year, compared with a 71 percent increase for the Shanghai Composite Index. In Shenzhen, Tianjin FAW Xiali Automobile Co. rose 10 percent to 9.02 yuan, and FAW Car Co. climbed as much as 9.8 percent. The companies, units of the nation's No. 2 automaker, China FAW Group Corp., have both more than doubled this year.

U.S. vehicle sales plunged 35 percent in the first half to 4.8 million. Sales slowed to an annual rate of 9.69 million cars and light trucks in June, according to Autodata Corp.

China's passenger-vehicle sales climbed 26 percent to 4.53 million in the first half, while commercial-vehicle sales fell 0.5 percent to 1.57 million, the Chinese association said. The government acted to boost auto demand after sales dropped in five of the six months ended January.

"Given the low monthly sales numbers late last year we may continue to see surging sales growth in the following months," Wang said.

New Loans

Rising auto sales add to evidence that China's economy may have recovered from a slowdown in the beginning of the year. New loans rose almost fivefold in June from a year earlier to 1.53 trillion yuan, the central bank said on its Web site yesterday.

Domestic carmakers have struggled to turn the surging demand into higher profits because of rising competition. Combined profit at the country's top 19 automakers fell 9.9 percent in the first five months, while revenue declined 2.3 percent, according to the association. During the period, eight automakers boosted profit, eight reported declines and three had losses, it added.

GM, the largest overseas automaker in China, boosted first- half sales 38 percent to 814,442 vehicles, as government subsidies spurred demand for its low-cost minivans. Hyundai Motor Co.'s Chinese venture increased sales 56 percent to 257,003, according to partner Beijing Automotive Industry Holding Co.

Alcoa, the largest U.S. aluminum producer, expects government stimulus spending in China and the U.S. to boost metal demand enough to help the company start generating cash again, Chief Executive Officer Klaus Kleinfeld said yesterday.

Carmakers use aluminum for components including engine blocks, as well as for some stamped parts and body panels.

For Related News and Information: Top transport news: TRNT China auto news: TNI CHINA AUT China auto sales: CNVSPSGR HCP M

Last Updated: July 9, 2009 02:04 EDT

[eye2] 09/7/2009 06:53

we need a few goodish results now, share price and dow need to build from here, for all our sakes, 8100 might be a good platform if they dont stay above 200 day,all stocks couild be shaken, hope not of cause good start with alcoa. good day all.

[eye2] 08/7/2009 19:52

WHY DONT WE ALL BUY 50,000 SHARES IN MOR AT 9.30 GRAND EACH" MORE FOR ME IM IN EURO LAND IRELAND,AND BREAK THIS BIRD.GOOD INFO TODAY ALL, THANKS, GOOD FOR SOUL.

[moreforus] 08/7/2009 19:09

i'd rather get in on the bottom floor ready for lift off - did this in GAS and CDN , but normally chase the coat tails of other risers (TMC today...), bottom floor entry and patience = multibag returns.

[moreforus] 08/7/2009 18:57

please buy 2 million.. it'll help (-;

[dvsfm] 08/7/2009 18:46

well after watching the interview on sharecrazy I have decided I must buy some more, will do tomorrow

[moreforus] 08/7/2009 16:28

scotty you scared another 100ker into selling ....

so mms now 1.9 mill long...

[moreforus] 08/7/2009 16:20

happy to have jam today...sooner the better or tomorrow ...

just as long as its jam and not marmalade

[scotty1] 08/7/2009 16:17

Clarkey the only people selling are those with no patience,those wanting to make
a quick profit and realise they aint going to get one,those who bought higher and don't relish waiting any longer for the share price to go up,The real winners are those who are buying AGU for the 1st time and are willing to tie their money
up for 1 to 2 yrs and make a good and i mean good profit.