Tom Winnifrith Bearcast: into battle with Old Mother Walters again as Mike bats - once more - for a company with no sales and which tells lies
AIM-listed, Indonesia-operating gold company Archipelago Resources (AR.) has announced that a 58p per share offer from major shareholder PT Rajawali, an Indonesia-based regional investment company, has now gained valid acceptances of 74.38% of the shares to which the offer relates and that Rajawali now has an 87.92% shareholding. The following updates on the situation at a company I first looked at on this website with the shares at 48.5p in April.
VSA has changed its mining analyst but still rates Archipelago Resources (AR.) as a gold stock to buy. In a note published today it argues that the shares are worth 58p each.
AIM-listed miner, as 95% owner of the Toka Tindung gold mine in Indonesia, Archipelago Resources (AR.) yesterday announced results for the first half of 2013. These have drawn much broker reaction…
AIM-listed, Indonesia-operating gold company Archipelago Resources (AR.) is highly rare amongst its peers in that it is actually profitable and dividend-paying.
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