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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Aricom - Poised to unlock value from titanium dioxide deposits

February 2004

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.

Aricom is a new company formed to acquire and develop the titanium assets previously owned by Peter Hambro Mining (PHM), which is the subject of our second main write-up on page 4. The shares were placed at 15p last December, when existing PHM shareholders received one Aricom share for every PHM share they held and £3.5m new money was raised.  The shares have since surged to 40.5p, an exuberance thatreflects Aricom's ambitions to become a substantial vertically integrated producer of titanium dioxide (Tio2) pigment for the Russian and Chinese markets.  Tio2's most common use is in paint because of its whitening strength and reflective properties, although it also has other applications, such as plastics, paper, ink, fo ...

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