Angus & Ross Share Discussion Threads

[tsmith2] 02/8/2009 22:23

MUMBAI (Commodities Online): It seems base metals are on an upswing with several countries, including Indian and China, revising their growth targets upwards.
India's Central Bank on Monday said its forecast for India's growth rate has been revised to 6.5 per cent. China is also expected to grow better than anticipated levels.

With the forecast favouring increased demand for metals like copper, zinc, aluminium and lead, the base metals markets witnessed rejuvenated acitivities for the past few days.

Copper traded at 9-month high on Monday. Aluminium was at 8-month high and Nickel and Zinc were also trading at 10-month high.

Lot of global and domestic analysts feel it is still a buying opportunity especially in case of Copper and Zinc and prices are expected to gain another 5-10% from here on.

In Shanghai, copper and aluminium both trade on upper limit on Monday. All the base metals are at 2009 highs and will continue to belike that for more than a week now.

Copper is trading at 9 month highs even though the inventories are also at one month highs, aluminium is at 8 month high and nickel and Zinc are also trading at 10 month highs.

Even though the analyst have been talking about that expectation of prices decline as summer demand usually is on the weaker side and China has enough inventories but even then Chinese imports continued to be on the record highs and there have been this hopes of economic recovery which have been supportive for the prices.

Lot of global and domestic analysts feel it is still a buying opportunity especially in case of copper and zinc and prices are expected to gain another 5-10% from here on.

[kitchens] 02/8/2009 11:38

Must watch

[mariopeter] 31/7/2009 10:40

Good website for commodity prices:

[mariopeter] 31/7/2009 09:12

Not wrong there TS very buoyant.

[tsmith2] 31/7/2009 08:57

POZ and POL doing very well. POZ despite the increase in LME stocks thats tell you a story by itself.

[futhark] 31/7/2009 08:45

RNS Number : 6338W
Angus & Ross PLC
31 July 2009

Angus & Ross plc
(the 'Company')


Total Voting Rights

For the purposes of the transitional provisions of the Financial Services Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 1p each in the capital of the Company in issue as at the date of this notice is 247,302,761 with each share carrying the right to one vote.

There are no shares held in treasury.

Therefore, the total number of voting rights in the Company is 247,302,761.

[tsmith2] 30/7/2009 16:58

Hedge fund managers buy gold in anticipation of inflation
30 Jul 2009
Twenty out of 22 hedge fund managers interviewed by Moonraker Fund Management in the United States are buying gold to protect their personal wealth against excessive inflation.

Jeremy Charlesworth, Chief Investment Officer of Moonraker and manager of the Moonraker Commodities Fund and Global Opportunities Fund, met the managers on a recent fact-finding tour. He found that the vast majority of them were buying physical gold for fear that the quantitative easing programme being seen in the Anglo Saxon economies would eventually result in a bout of steep price rises.

Charlesworth sees more upside in gold despite the gains seen every year since 2001 and is looking to increase long exposure to gold in both the Moonraker Commodities Fund and Moonraker Global Opportunities fund.

The Moonraker Commodities Fund's sterling share class delivered 19.3% net of all charges over the year to 1 June 2009, compared with -41.2% by its benchmark, the DJ AIG Commodity Index. The Moonraker Global Opportunities Fund also outstripped its benchmark: its sterling share class returned 1.7% net of all charges over the same period compared with -21.2% by the HFRI FOF Strategic Index. The out-performance resulted from them being positioned for a market downturn that proved to be even more excessive than anticipated, investing in underlying funds that were shorting both financials and commodities.

Before joining Moonraker, Jeremy was Investment Director of the Investment Adviser to the TRF Fitzwilliam Commodity Plus Fund, which won the 2007 Hedge Funds Review European Fund of Funds Award for the best European Commodity/Energy Fund of Funds.


Charlesworth commented: "Gold is the ultimate currency, performing best when economies are at extremes, whether that is inflationary or deflationary. The managers I met in the US know that if the politicians get the quantitative easing programme wrong then the value of money relative to real assets will dwindle. History is littered with such instances; governments have a track record of destroying the value of money over the long term and currency devaluation is a relatively painless way for them to reduce the value of the enormous debt that is hampering economic recovery now. Everyone agreed that sentiment is better than it was a few months ago but none of the structural problems have yet been fixed. Double digit inflation two or three years down the line is a very real possibility."

Charlesworth found that the fund managers he met were in no rush to pay off personal debt but had positioned their finances to be able to repay their debts at short notices. They expected the financial crisis to be a lifestyle-changing event, with certain industries withering and new industries evolving. Industries they expected to prosper included energy and alternative energies, materials, healthcare, food and food manufacturers, while some were keen on railways as an alternative to road transport. They were negative on financial services and especially airlines, where they expected to see a lot of consolidation.


Charlesworth said: "Most of the managers were quietly betting that we are more likely to have brief period of boom and then a Japanese-style slow, grinding economy. We won't necessarily feel bad about it: the hard part is in the transformation."

Going forwards, because of ongoing volatility Charlesworth is investing the funds with managers who have a good understanding of the global macro situation and the risks it poses, having demonstrated their ability in event-driven trading. He is also withdrawing from long credit strategies, opting instead for those trading sovereign debt in Anglo Saxon countries looking to profit from the short side.

The Global Opportunities fund is also exposed to several long term themes, including inflation, inelasticity of supply in commodities, the growing middle class in emerging markets and a growing imbalance in supply and demand for energy. Charlesworth anticipates a major bout of price rises in the not too distant future as governments will be forced to allow inflation to rise to reduce the real value of debts.

Moonraker's funds offer sterling, US dollar and Euro share classes and are available to both institutional and retail clients. The minimum investment is £15,000.

[yorgi] 30/7/2009 14:20

Just reminded myself of the directors buys as ifc4ever mentions regarding Nick Hall. His investmant not insignicant at 30k and two other directors putting in smaller amounts of 10K and 12K. Which shows something

[yorgi] 30/7/2009 14:06

Try not to be do despondant dhamilton.....hard I know as I have been here a long time too and I know how you must feel and am at a loss of course. However looking on the bright side they did buy their gold mine at what appears to be a bargin and they should soon have it in production again and then we should be at last, full steam ahead with Black Angel

I know that makes it sound easy

I was also sitting on a significant loss on AR. for some time and although not all the way there yet I am ahead again and from recent activity it looks as if this may well be all sytems go soon

Nick Halls presentation on Trading Places recently did sound encourageing and if they show to be as good as their word on the gold mine I feel sure we will see a big jump in the share price as it hardly reflects the value of thier assets

[hard work] 30/7/2009 12:54

Are sells now going through @ 2p?

[lfc4ever] 30/7/2009 09:15

experience suggests that it is unwise to place too much trust in the management of any tiddler.

that NH has at least dipped into his own pocket provides some reassurance.

[tsmith2] 30/7/2009 09:08

DH's totally different to RA. DH is far less talk and an awful lot more delivery. increasingly confident.

[dhamilton] 30/7/2009 07:13

Nick Hall was running this well before RA went, I used to talk to RA alot as some of you know. I can't and won't say what I was told back then! I just don't trust them, but really do hope they prove me wrong!!

[lfc4ever] 29/7/2009 22:15

dh- surprised at your disillusionment- do you not think that nh offers genuine improvement in terms of delivery from ra?

[dhamilton] 29/7/2009 20:38

Jimbo, no option there! huge paper loss!!

[jimbo55] 29/7/2009 20:31

Different Management Team dhamilton. Give 'em a chance! ;)

[tsmith2] 29/7/2009 19:32

on a serious note - mine development at Nanulaq is on track, from someone who has been in contact with NH.

slowly but surely getting there

[wow400] 29/7/2009 07:57

Yup - made me laugh too!

[mariopeter] 28/7/2009 19:14

messing about and getting shafted by a new york lender is probably more accurate cause if they had provided the full funding package (instead of demanding more equity) we would have been there by now. That was my take anyway. Still smarting I'm afraid.

[eye2] 28/7/2009 15:05

messing about with black angle ! i like it

[wow400] 28/7/2009 14:34

July 27, 2009
Greenland Minerals Lines Itself Up For A Serious Role In The Global Supply Of Rare Earth Elements

By Alastair Ford

"Greenland", says John Mair, "is a big question mark in the global minerals world". He's in a position to know, since he's described at the bottom of his own emails as "General Manager, Projects", for Greenland Minerals and Energy Limited. It becomes apparent during the course of a phone call with Minesite, however, that he actually does a bit more than that. He's pretty up to speed on the corporate side of things too. There's no disputing the tenor of his initial statement, though. Prolific in minerals, yes. But it's still far from clear whether Greenland will ever develop into the major minerals destination that near neighbour Canada has become over the years.

A far from exhaustive trawl through the recent history of companies that have sought but never quite delivered the goods in Greenland throws up plenty of familiar names. Angus and Ross, for example, once had a tantalum project up in Greenland, about which little has been heard for years – it's spent much of its time lately messing about with the old Black Angel zinc mine and achieving very little.

[mariopeter] 27/7/2009 15:21

Oh all quiet here except to say PB and Zn continue to reach greater post crash highs. Au strong. Ingredients for some buying from fund managers if this persists.

[moreforus] 26/7/2009 14:55

LoL (-;

nope somewhere slightly warmer