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Aurum Mining - David Williams takes stake / Jellybook

July 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AUR
  • Price:
  • 3.5p
• Cash shells have speculative potential but have been thin on the ground since AIM changed the rules so that new companies with no trading business must raise at least £3m cash on admission. The same rule applies to companies that sell their only trading business. One very interesting situation that remains then is Aurum Mining  (AUR; 3.5p), which started life as a cash shell, did a mining deal in Kazakhstan buying the Andash gold and copper licence and raised a heap of cash at 147p. A legal challenge to the title meant that the company subsequently disposed of its interest and  after shareholder pressure returned £23.5m to shareholders. It then half-heartedly committed half of its remaining £1m to earn interests in a sma ...

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Aurum Mining (January 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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