Archipelago Resources Share Discussion Threads

[lfc4ever] 28/9/2011 09:22

yes, very positive update.
if they are saying now that they intend to be in full production by q4 that is likely to be achieved given that it is now near term.

there should be a re-rating. come on- a big push for col's £1 year end target!

[silverfern] 28/9/2011 07:52

Happy with this report - they would have to tell the market if the current projections for the year were not being met and they are being met. I particularly like the H&S data and the community benefits. THe mine is on track for its annual output and producition has increased every month since APril. $22m in the bank and the figure will only increase as there's $m being dug out of the ground every month

[boadicea] 26/9/2011 12:56

Even more surprising today. This is my only 'blue' miner!

[lfc4ever] 23/9/2011 08:59

surprising price movement this week.

[noirua] 12/9/2011 17:22

Held up very well on a bad down day for gold stocks. Market cap on the low side for a big mining gold stock.

[lfc4ever] 08/9/2011 15:21

creeping back up. £1 by xmas?

[boadicea] 04/9/2011 18:28

Noirua - I don't see any particular relevance of the chart over the timescale you have posted - i.e. starting from equivalence in Sept 2007.
During that time AR. has very recently undergone a change in status from explorer to producer that the others have not.
Centamin has had distinctly different local political turmoil.
Starting at Jan 2009 would produce a completely different perspective ..... and no less misleading.

[boadicea] 02/9/2011 18:27

There has been an imbalance in trades in favour of buys on several recent days which was accentuated today until the final large sell balanced them all off plus a bit more. It looks like a mm has been working that one over the week and one hopes there aren't too many more to come.
However it was no 'dump' and the seller was holding out for a reasonable price so appears to be in no great hurry.

We should be able to look forward to good progress when he dries up, based on the three fundamentals of rising production, resources and pog. The flag formation is intact and looking healthy.

[silverfern] 02/9/2011 16:47

some VERY LARGE transactions today

[djy007] 29/8/2011 17:47

Archipelago announces the retirement of Colin Loosemore, the Company's founding and long serving Chief Executive Officer and Managing Director, effective at the close of the Annual General Meeting on 3rd August 2011.
Mr Loosemore acquired the Toka Tindung Gold Project in North Sulawesi, Indonesia ("Toka Tindung" or "the Project") in 2002 and floated Archipelago on the AIM market in 2003. Mr Loosemore's persistence in leading a team during the last decade resulted in the construction of a processing plant at Toka Tindung in 2010 followed by commissioning and first production of gold in April 2011.
Mr. Loosemore will assume an executive role with Archipelago Metals Ltd, a currently unlisted Australian company spun out of Archipelago in early 2008 and of which Mr. Loosemore has been a director since inception. The two companies will continue a working relationship, with the Company focused on gold and Archipelago Metals focused on non gold projects, in particular an advanced feasibility stage chromite project in Vietnam.
Mr. Loosemore's replacement will be announced at Archipelago's Annual General Meeting on 3rd August and a statement will follow shortly afterwards.
Stephen Sulistyo, Chairman of Archipelago, commented:
"I would like to extend my sincere thanks to Colin. He has served as Managing Director of Archipelago for 10 years and in that time has lead the Company in its transformation from a junior explorer to a significant gold producer. When Toka Tindung reaches full production in a few months time it will be testament to the hard work of Colin and his team. We wish him similar success in his new role with Archipelago Metals."

[boadicea] 26/8/2011 12:33

That was a nice buying opportunity early today for anyone with spare cash.

[melody9999] 26/8/2011 12:21

what's going on? all of a sudden some chunks buys coming in and the MMs keen to move the share price north.

[lfc4ever] 26/8/2011 11:29

looking better today.

[lfc4ever] 26/8/2011 09:50

if the new pog is translated into ar. share price we could well hit colin's £1 target by the end of 2011. mkt still not fully woken up to ar.

[silverfern] 10/8/2011 09:34

After such a terrible week for the rest of my portfolio I am conforted by:
AR: 160k oz pa. Cash costs $US445 (based on $US85 per barrel oil!)
Oil is back below that level and gold now $100 higher than last month; just makes the profit figures more achievable and lowers even further the rposective p/e.

[boadicea] 08/8/2011 17:33

.... or possibly institutions (oeics, trusts etc) shuffling them between funds.
It's all in the price now and probably wasn't the main cause of today's drop.

Davegk - yes, we're still nicely up over the past month and stand in a very good position when junior gold miners return to favour - as they should.

[silverfern] 08/8/2011 17:25

I presume the trades just booked - over 5 million - are x-trades between brokers.

[davegk] 05/8/2011 18:50

The price has held up well these last 2 days - a sign of strength?

[smellyjim] 04/8/2011 10:16

nice breakout!

[snickerdog] 04/8/2011 10:15

I hope that all was above board with his retirement and that it was his choice. As far as share performance goes, I couldn't imagine why it would be otherwise.

Best wishes to Colin.

p.s. I wonder if he got his wish for a dividend to be paid?

[lfc4ever] 04/8/2011 08:27

strong volume early on this morning.

[silverfern] 03/8/2011 11:01

a good mamagement team delivers results. No issues with this announcement