Angus & Ross Share Discussion Threads

[moreforus] 04/8/2009 18:22

hopefully we get an rns re the government authorization soon...followed by research notes....

[tsmith2] 04/8/2009 18:06

more good news for zinc

Platinum, Palladium Gain, Buoyed by Rebounding U.S. Auto Sales

[mariopeter] 04/8/2009 14:38

I've lost 250000 shares in AGU . Anybody see them?

[uncle john] 04/8/2009 14:08

Sorry for being out of touch, Who is our Chief Exec Officer?
I thought Andrew Zemak went a few weeks ago.

[yorgi] 04/8/2009 08:31

I don't disagree with that Dvsfm and at it's low it was not worth trying to get it out of the ground. The point I was making is to keep posting the rising prices of the metals on here is about the same as saying the sun will rise today.

What we need to know is what AGU are doing about getting it out of the ground, and their website is far from informative. Unless you appreciate a photo of our CEO holding a piece of paper in his hand

[eye2] 04/8/2009 07:55

they are mine dvsfm i lost them in the post give me 200,000 and we will call it quits.

[dvsfm] 03/8/2009 22:10

i've just found another 250,000 agu in another dealing account, wel that makes 1,250,000, cant wait for the action to start

[moreforus] 03/8/2009 16:47

getting it out of the ground is more likely as the price of the metals rise...

[yorgi] 03/8/2009 16:33

All very well keep posting the price of Zinc and Lead Tommy......we all knew that it would rise again.......but it matters no one jot unless AGU start to show that they are going to get it out of the ground.....or gold for that matter.

However saying that I am still with AGU and beleive they will. The falling price of zinc and lead never unduly worried me as i was quite sure as the world economy recovered so would price of metals but AGU have to show they are up to it.

That is why their share price remains low

[tsmith2] 03/8/2009 16:27

Zinc August 03,11:21
Bid/Ask 0.8258 - 0.8263
Change +0.0472 +6.06%
Low/High 0.7787 - 0.8286
Charts

Lead August 03,11:24
Bid/Ask 0.8763 - 0.8809
Change +0.0412 +4.93%
Low/High 0.8351 - 0.8831

[moreforus] 03/8/2009 15:41

dont wish your life away (-;

[tsmith2] 03/8/2009 15:37

the transition from explorer to producer will trigger a rerating and a revisiting.

5 mths really isn't that far away and is soon

[moreforus] 03/8/2009 15:17

production will start if on schedule by the end of 09 but real volume comes on tap q2 next year - this is what i was told.

agree again fundies look excellent but company must deliver good news after good news as sentiment is still pretty poor...

[wow400] 03/8/2009 14:49

tsmith - I wouldn't get too carried away with Nalunaq production soon - they hope to have 1st gold pour in Dec....

[tsmith2] 03/8/2009 14:46

the cost for Angus are sub $900 so the current price of $1750/t makes BAM highly profitable. Production in 2010.

Nanulaq - cost of say $600/oz, a very nice little cash cow, production very soon this year.

capital markets thawing and with too projects with excellent fundamentals we should be more than fine in getting the funding in place.

things looking very good indeed.

[mariopeter] 03/8/2009 13:36

an PB is 87c and Au $960. Also of interest is the announcement that demand for tantalum will outstrip supply in 2010/2011:

[hard work] 03/8/2009 11:18

zinc now at 81c, up 3c on the day

[moreforus] 03/8/2009 10:42

we all know the macro picture is improving and will continue to improve but that seems not to trigger buying so brokers notes and some rns would be good to get more stated postive facts that we are on schedule and the target is xyz...then i think we will begin to move as at the moment we are flatter than a pancake.

[wow400] 03/8/2009 10:01

Thanks more4us

[moreforus] 03/8/2009 10:00

i can confirm i've also been in touch with nh and he stated the above re broker notes, government approval and a potential mid-august agm and things are on schedule still.

[tsmith2] 03/8/2009 09:19

things coming together...

brighter global outlook, firmer base metals prices.

POG - good outlook

[wow400] 03/8/2009 09:15

From sammy18 on the lse board:

Fox Davies have a research note ready to issue and Edisons are working on one. They both want confirmation of the Government approval of our acquisition and that should be with us by mid August.

from Nick Hall

[wow400] 03/8/2009 07:49

Traders bet on continuing stock market rally

The recent stock market rally could continue this week, as traders increase their bullish positions in a wide range of asset classes.


The FTSE 100 had its best month in more than six years in July, boosted by a number of better-than-expected corporate earnings releases and hopes that the worst of the recession was now over. Derivatives traders are now betting that improving conditions would result in further price rises in metals and soft commodities.

Commodity prices have risen sharply this month after economic data improved and the dollar slid to its lowest level in 2009 – and further rises are now expected.

The copper price, which is seen as a leading indicator of future economic growth, rose for a seventh-straight month over the course of July. Aluminium prices put in their highest monthly gain since 1988.

The FTSE 100 is heavily exposed to mining and oil groups, with about 30pc of its weighting made up by global commodity plays such as BHP Billiton, BP and Fresnillo.

Last week, earnings reports from the likes of AstraZeneca, Pearson and Cadburys pleased as cost-cutting measures made businesses leaner and positioned them well for an economic upturn.

There is the potential for any rally to derail, however, as earnings are released this week by the major UK banks and insurers.

However, US derivative traders and hedge funds have bet that the recent rally in many asset classes will continue, data from the US Commodity Futures Trading Commission (CFTC) reveal.

In the week to July 28, traders increased bets that the price of a wide range of commodities will continue to rise. When more traders are using futures contracts to bet on a price rise than on a price fall a so-called "net long" position is created.

Last week an increase in the net long position was seen in a wide range of contracts, including crude oil, heating oil, platinum, orange juice, cocoa, sugar, corn, hogs, soymeal, cattle and silver, while the net short position in copper, which means more traders expect a fall in prices than expect a rise, was reduced. Bets on a rise in the cotton and gold price fell slightly.

The data was compiled before Friday's positive reading on US second-quarter GDP, which fell 1pc year-on-year compared with expectations of a 1.5pc fall.

"The outlook for base metal prices is growing more positive," says Gayle Berry, an analyst at Barclays Capital. However, she thinks that Chinese buying of copper is likely to moderate in the second half of the year, after the country's imports doubled in the first half.

The FTSE 100 index of leading shares climbed 8.5pc in July, adding £134bn to the value of the stock market.