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Archipelago Resources: Q3 results in line: buy at 62p – target price 95p plus

Tom Winnifrith
Tuesday 30 October 2012

I first recommended AIM listed gold producer, Archipelago Resources (LSE:AR.) back in December 2004 at 27.5p on t1ps.com, the website I founded in my bedroom 12 years ago and edited until September this year. At 62p today it has not been a bad share tip. However third quarter ( to September 30th) numbers out today show that the company is very much on track for its planned ramp up in production at its flagship 95% owned Toka Tindung mine in Indonesia and I reckon that the shares are worth at least 95p. Here is why.

on ADVFN | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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