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I am sure you are all bored to death with this. Am I correct in my understanding: 1) 28th November - debt stuff sorted. 2) after 28th November they will try to raised the �1.25 million 3) they will then relist anyone?
Looking forward to news soon gla
im not clued up on this but learning a bit may be Geology student might be able to help would we touch lucky in this mine and maybe find cobalt as well ? as Cobalt occurs in copper and nickel minerals not sure if there is any nickel as well not much info about the mine any help guys/girls Thanks
I think Cradle Arc will be valued on its pontential as a major miner of both copper and also gold. There are some large investors here so I see the sp moving up nearer to �1 as the potential is realised. There will of course a rather small free float which will have the supply demand effect. I rather feel we will know the outcome before the end of the year.
Unfortunately, fair market value doesn't always come into it, and neither do fundamentals, where markets are concerned. However, with the potential for more copper being sold on a yearly basis and an increasing copper price, things may be okay in the immediate future. Of course, Cradle Arc has to pay off ZCI and get relisted first. Fingers crossed. They've done everything right so far. As macuamike said, they can't fall at the last hurdle after completing all the donkey work, surely...
Thanks Zap, sorry not been update to date with stuff, 50p? what was the consolidation ratio? as it closed at 0.06.
thanks, much appreciated
It is difficult to determine fair value as this requires accounting for future earnings potential generated from the DMS plant. However, if one was to solely attach a value to a 60% equity stake in a 12ktpa operation, at the current copper price and expected operating expenditure, I would be inclined to give a range between �60-70mill. At 92mill shares in issue at readmission, I expect a target price of 65-75p. Further, I have read the two reports by Beaufort Securities, and in my opinion, they provide a slight conservative valuation. The share price could rise higher if the market accounts for potential value generated by the DMS plant which is expected to be constructed shortly.
Beaufort have a target price of 61-64p. does this tally with your calculations??
not sure but I am guessing around 50p. a lot of these shares are held by medium-long term investors so this bodes well for holders
what is everyone's prediction on the opening price?
This has always been the fly in the ointment for me? Fundraising is critical but presumably they will not fall at the last fence?
Taken from their ZCI Announcement_Cautionary 16112017.pdf: "The key remaining condition to be satisfied is a successful fund-raising by Leboam to satisfy, inter alia, the cash consideration due to MCB under the Transaction. Leboam is actively engaged in raising the required funding. "
You know, that's the sort of thing why we have brokers! Back Offcie should have those, but only when they are released. It does not yet have a Reuters code so I guess it is awaiting relisting documents for publishing all of them.
AJ Bell..
Cradle Arc plc are not listed officially or trading, so I don't think they would have a SEDOL yet. I could be wrong. Sedol's are normally 7 characters in length, mostly numbers, used for clearing purposes.
Degrasse, who's your broker ? I'm having some niggles too.
Having a few issues with my broker.. They are asking for the SEDOL reference for the new shares in Cradle Arc. Can anyone who's broker have t/f help pls? Thanks in advance.
I bloody hope not! LOL
the new tickers is pink.lol.
Wont be Crap will it !
LOL! Arc�s gone... just checked
As long as she sails like one !
Arc.... new ticker!