http://www.lse.co.uk/ ACU Share Chat Feed - London South East en-gb Fri, 03 Sep 2010 10:43:41 GMT 2007 London South East http://www.lse.co.uk/rss/ 5 lx1974 http://www.africancopper.com/i/pdf/2010CircularandNoticeofAnnualGeneralMeeting.pdf http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2261175 Thu, 02 Sep 2010 17:11:24 GMT zcifan Read in ZCI's annual report published today page 79. This is the value at 31/3/2010 by DCF method with a WACC (discounting) of 10% (usual figure in the mining sector). Since production has dobbled at ACU since May, this figure should already be higher. This share is really a buy. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2260897 Thu, 02 Sep 2010 15:55:09 GMT shodanos Nice to see a post from you again thought you had cashed in and moved on .As always an excellent post please keep posting i for one need your posative opinions they make a refreshing change from all the negative ones this bb gets most days Keep the faith and the very best of luck to YOU and all http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2259541 Thu, 02 Sep 2010 11:52:00 GMT matt3462 I agree with many of your points. For those of us that have been here a while, it makes sense to wait three more weeks for the update from the AGM. My interest surrounds the Thakadu licence expected in July, i presume the news has been held back to coincide with AGM. GLA http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2258487 Thu, 02 Sep 2010 08:48:03 GMT Pincer Not posted in a while, I have given up on BB's, so will give a brief note. Personally I contiue to hold, the price of Copper is still strong, and there is expected to be a shortfall in production next year which could send the price higher still, I could see it well over $4 per lb. As we should be producing ever increasing amounts of Copper ""The Company does not believe that the operating results for this period of production are at all indicative of those it will achieve over time, after implementing the solutions currently in progress" Also "The Company's current programme envisages drilling some 8 - 10 new targets before June 2011, and the Company is establishing a panel of experts to assist it in selecting the most promising targets." for the longer term So I don't see any problem with the mining side of things, for those with a bit of patience. As for ZCI, I don't see them buying the rest of ACU that they don't own, or taking it private, I have seen no evidence to suggest otherwise, though you can never rule it out, If they did it would certainly be substantially higher than the present SP. Everyhting I have read has suggested they want to keep ACU as a seperate entity, though things can change. As to the depressed sp, most small caps have depressed sp's at the moment. I would expect news of Thakuda on 24th, though I will be facinated to see what production figures are, pre Thakuda, and also to see what revenues will be. These are my opinions, people should invest their money on their opinions. GLA http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2257371 Wed, 01 Sep 2010 21:49:55 GMT zcifan you smoke too much ! http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2256620 Wed, 01 Sep 2010 16:38:27 GMT mulledwine zfican - your enthusiasm for this share to recover shines through - wish I could see the same light at the end of the tunnel as you are seeing.....too much smoke in my tunnel to see the end! http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2256080 Wed, 01 Sep 2010 14:52:54 GMT DJEPSON rising nicely today http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2254582 Wed, 01 Sep 2010 10:24:28 GMT zcifan why selling when we reached the bottom, volumes coming back, AGM shortly, you should have waited a few weeks, GL http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2254050 Wed, 01 Sep 2010 08:53:36 GMT slimey sold out with a £3K loss now into TSTR, GL i couldnt watch this any more i would of got more on my ISA but only by about 3p LOL http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2252788 Tue, 31 Aug 2010 18:19:12 GMT zcifan good volumes are back and the SP has reached the bottom for some time. But i will never understand this AIM's quotations and trading sytem, it's a paradise for the crooks... :-) they can easily accumulate while preventing the share from climbing...(for some time at least) http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2248931 Mon, 30 Aug 2010 15:23:08 GMT zcifan in spite of the rumours and even press articles in France i agree with you that it might not be the good choice for zci to delist ACU whose NAV must be around 10p presently. Your arguments are good. ZCI 's strategy is to take over other mines (according to the Chairman) and they'd better find in near future new major investors once recovery of ACU is confirmed. They can also monitor easily the SP... It is true that ZCI must simplify its structure but another good way out would be to delist ZCI itself from the JSE(almost no trading at all) and Euronext. The main shareholder of ZCI (CDF) already owns 75%. We should know more shortly (AGM's) http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2248923 Mon, 30 Aug 2010 15:17:58 GMT Alphavol In my humble opinion ACU will not go private for the following reason. Let s say if ZCI control 90% of outstanding shares I would leave the rest trade and bring share price closer to its true value based on concrete positive developments (my objective being to maximize the price I could sell ACU one day). Let's say that the price is down the road 70p (most of you got out 12p unfortunately) then negotiations with a major will bring the final price 20-30% even higher. There will be no war since +90% is under control. No point for ZCI going private because there is then a higher chance they will get less for the final price. I feel we should wait, accumulate or average at these levels if possible. I wonder how much is worth ACU for a major? Good luck to all. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2247317 Sat, 28 Aug 2010 21:05:12 GMT lx1974 Another point, i think, is that there need to be shares available on the open market to move the share price. The share price is a reflection of the value of the company but also to a large extent supply and demand of shares influence the share price. So if they buy us out they will have to release the shares again immediately. I cannot see why they would do it that way. Keep 10% on the open market, let the share price go up, and then sell out or release their own shares slowly would be my guess. But this is only my optimistic opinion. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2247308 Sat, 28 Aug 2010 20:52:12 GMT Alphavol ACU is currently way too cheap as we all know. I feel the best way for ZCI to make an outstanding return is to increase current holding to 90% at 1p cost price (I believe it was their plan to get more cheap shares). Then push asap for full production and get the other licence. If done within the next 6 months they will sell ACU to a major at a price well above anyone expectations. Does someone have calculated what is worth ACU proven copper reserve at current copper price, inclusive a premium for potential mine life extention, and licence granted on the latest prospect?? Then we can set a target or what a major would be willing to pay. Really no point for ZCI to make it private at 4p and miss the jackpot. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2247240 Sat, 28 Aug 2010 19:47:20 GMT PostMaster they will convert the loan as shares becoz they knows they are getting this at a very cheap price plus they found loan repayments putting ACU recovery to a halt ..delaying everything..ZCI wants acu to be fit as soon as possible. according to the RNS and their plan all the development construction to the site will be finished by march 2011 so they will get the summer seanson to monitor the full production which mean they hav time till next AGM which is on sep 2011. so I believe they wont do anything before they see the acutual production. IMO.....any thoughts?? http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2246781 Sat, 28 Aug 2010 09:14:22 GMT PostMaster right u r .....they wont gain anything extra by taking the company private http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2246771 Sat, 28 Aug 2010 09:02:39 GMT lx1974 Had this thought this morning and it goes like this: ZCI puts X amount into ACU which they convert into shares. They get the shares at 1p, so at current value they get 1:4 leverage. So it is much more profitable for them to keep the company listed and increase production to push up the share price. If they take the company private the leverage falls away and it will take them longer to recuperate the amount they invested. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2246719 Sat, 28 Aug 2010 07:33:25 GMT PostMaster No worries ..it is not certain that acu will go private ..we were just discussing and trying to find out whats ZCI's intention is...I dont think they will go private...if they wanted the could have done this long before....IMO http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2246566 Fri, 27 Aug 2010 22:38:38 GMT slimey its something a few others have discussed there is a possibility but to be honest this has been a dog for me im down well over a few K so equally sitting uncomfortably on this and any thought or rumour like this lets hope it gets better i have faith in this hole in Africa but this unsettles me but no point selling now http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2246058 Fri, 27 Aug 2010 18:59:57 GMT heno Why now do you think ZCI will go down this road,why didnt they do this from the start,i bloody hope not, ive hung on to these all this time,i realy thought this would take off at some point in the future.Is this just rumours ,these things can and could happen........but will it ? Iam leaving my money in ! http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245950 Fri, 27 Aug 2010 17:47:36 GMT slimey I was in Copper Resources they ceased trading my shares have been reduntant until i got notification that there was going to be a compulsory purchase at a very reduced price by Copper Resources....this could happen again whatever, im 50% down and on a seesaw what to do....sucks like a Mutha this one what to do???? http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245935 Fri, 27 Aug 2010 17:38:52 GMT Tree-shake Why would ZCI pay 12p for the rest of ACU? What's in it for them exactly? http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245905 Fri, 27 Aug 2010 17:21:59 GMT PostMaster right this an important 1 http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245587 Fri, 27 Aug 2010 15:32:23 GMT PostMaster 100000=1 block is safe....lolzz http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245579 Fri, 27 Aug 2010 15:31:38 GMT zcifan ZCI' s AGM Agenda, probably next week http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245577 Fri, 27 Aug 2010 15:31:06 GMT PostMaster like I said ...if company goes private and u failed get into the lucky 300 share holder circle then u will get cash paid for ur stock at the current market price....so buy more...lolzzzz http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245571 Fri, 27 Aug 2010 15:30:16 GMT zcifan bounce will follow ? http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245569 Fri, 27 Aug 2010 15:30:04 GMT mulledwine Okay - I dont for one minute say I understand the apparent legal shenanigans going on here or at least proposed shenanigans- some of you are obviously well up on the terminology and possible scenarios - is there anything Joe public as in me ! can do re voting to ensure the PI gets a fair price for their shares. Keep it simple for me ! http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245545 Fri, 27 Aug 2010 15:26:25 GMT PostMaster But no need to sell your stock....if things goes wrong u will atlest get the current market price for ur stock....that means u may hav a win-win situation here..lolzzzz.veven though current price will be huge loss to me..LoL...Good luck http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245536 Fri, 27 Aug 2010 15:25:43 GMT PostMaster that menas u will have ahve enough share to make atleast 1 block, and may be thats why we r witnessing few large buys ...IMO....please comment if u have othet thoughts... GLA http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245494 Fri, 27 Aug 2010 15:20:52 GMT zcifan I don't know precisely the rules of AIM but i would be very surprised that ZCI might delist ACU while owning only 90% and leave the minority aside; in my opinion the minor share holders are protected. On the JSE for instance (the primary listing of ZCI) a company is obliged to buy back minorities (at the NAV minimum) if they want to delist their subsidiary.And also i am pretty sure that ZCI made some kind of commitments towards ACU when they won the deal and took over the 82%. If anyone can check the rules on AIM it would be great. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245488 Fri, 27 Aug 2010 15:20:11 GMT PostMaster Reverse Stock Split This pertains to reconfiguring the company's share distribution and structure. Under this method, shares become part of a block, and each block becomes equivalent to 1 share. For instance, 1,000 shares are lumped and converted to only 1 share. Thus, this method leads to a reduction in the company's total number of shares. A reverse stock split also leads to a reduction in the total number of shareholders. Shareholders who do not own enough shares to form a block of shares can no longer become shareholders in the newly restructured company. These shareholders are paid cash for their shares, using the current going rate for the company's stocks. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245480 Fri, 27 Aug 2010 15:18:46 GMT PostMaster The easiest way to reduce the number of shareholders is to increase specific individual shareholders' stake in the company. In other words, if one or more of the shareholders buy the shares of other shareholders, company ownership becomes concentrated into the hands of a fewer number of people. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245438 Fri, 27 Aug 2010 15:14:17 GMT PostMaster First Rule: Basically, a private company has fewer than 300 shareholders. Therefore, if a public company were to be reclassified, it has to be restructured in such a way so it will have 299 or fewer shareholders http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245426 Fri, 27 Aug 2010 15:13:21 GMT DJEPSON I thought it was 75% and I didnt think there was any requirement for them to buy back the shares they dont own http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245365 Fri, 27 Aug 2010 15:05:45 GMT PostMaster Good point Mate. Ii realy dont how it works.....I only know they will have to go over 90% to take the company private...and they willl buy out the shares if they take private. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245331 Fri, 27 Aug 2010 15:01:09 GMT DJEPSON I think as ZCI own in excess of 80% any resolution will be passed as they have the majority vote http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245285 Fri, 27 Aug 2010 14:53:28 GMT PostMaster in my thought .shareholders will not aprrove the additional share issue to ZCI as that will give ZCI over 90% holding which means they can take the company private without any agreed price with stock holders, so I think ZCI will have to buy out the rest if cant make over 90%. and the mionor share holders knows that ...if they aprrove it they will lose the right for negotiation. ther AGM meeting is mainly setup for ZCI...I can understant that the agenda is being prepared in of favour of ZCI....anyway all depends on the monor holder, if they dont give the aproval then we could see 10+ IMO. thanks... http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245179 Fri, 27 Aug 2010 14:36:42 GMT slimey So the question is can anyone answer this Question that you pose? http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2245131 Fri, 27 Aug 2010 14:30:47 GMT DJEPSON I dont know ZCIFAN reckons that ACI will buy the rest of what they dont own and 14p has been mentioned, but I dont think they need to do that as they own enough I think to delist it anyway and take it private leaving PI's with shares in a private company that will be difficult to trade. I have been in the same situation twice before, the first I had Man Utd shares when the Glazers took over and they purchased te entire share capital, the second I owned Sheffield United shares (team I support) and the director held over 80% of the shares and he just delisted from AIM and took it private and now I can only trade the shares on matching basis through a stockbroker. So I dont really know what the rules are and whether if taking a company private you are obliged to purchase the outstanding shares. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2244940 Fri, 27 Aug 2010 13:52:39 GMT slimey are we looking at a buy out of our shares, or is something else going to happen? http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2244903 Fri, 27 Aug 2010 13:44:00 GMT PostMaster i understand mate http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2244444 Fri, 27 Aug 2010 12:13:22 GMT PostMaster on the agneda..to my understanding are they talking about getting the aproval from shareholders which will give the directors the authority for issuing more new share to ZCI for an exchange of money right??? http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2244434 Fri, 27 Aug 2010 12:12:02 GMT DJEPSON I have just read the agenda and it looks they are reserving the right to issue more shares presumably to ZCI and the last part reminds us that ZCI have right to convert its loan facility into ordinary shares which will take their holding to 90% on top of the new resolution (by my calculations if they all happen then we will have 1,616,765,650 shares in issue, which ZCI will hold just over 90%) and as they currently hold 80%+ the vote will go through. My other concern is that they have enough holding to take the Company private (if they wish) and we will be left with squat apart from shares in a Company that are no longer publicly traded. http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2244403 Fri, 27 Aug 2010 12:04:50 GMT PostMaster what do think of the agenda? (notice for AGM meeting) http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2244267 Fri, 27 Aug 2010 11:39:42 GMT PostMaster Make no mistake...the 250000X2 are large order buys as live dummy sell sprice since morning 4.23 for the same amount....looking good for AGM ..GLA http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2244142 Fri, 27 Aug 2010 11:13:32 GMT julioort http://www.africancopper.com/s/Events.asp?ReportID=415912&_Type=Events&_Title=2010-Annual-General-Meeting http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2244018 Fri, 27 Aug 2010 10:49:26 GMT zcifan i couldnt find it on the website,just the annual report http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2243936 Fri, 27 Aug 2010 10:32:11 GMT ShaunC http://www.investegate.co.uk/Article.aspx?id=20100826070027M4824 http://www.lse.co.uk/shareChat.asp?ShareTicker=ACU&post=2238472 Thu, 26 Aug 2010 06:35:05 GMT