The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
He’s making them up as we post.
It will lighten something other than our pockets Let’s look at the company Results not released on time RNS which came to nothing Assets disappeared Listings dates never happens But The company has a very experienced team of directors who have the experience in listing many companies. Lol
Coming upto a year from when he expected to relist. God help all those gold mines investors he has and by the time we list pap on advfn will be in his grave.
May be the gold mine has been sold
Lol
Sage I have several bottles in my second fridge but. Went tea total in January Salmon only buy it when Waitrose has it reduced. Have to look after the pennies,was. Expecting these to list last year lol for me to enjoy my 8 month paid leave holiday for long service. 9 months and still no listing,if he can�t list cicc then you might as well frame your share certificates as a reminder not to listen to advice and info from shareholders and CEO. Frustrating when you see so many other shares doing well. Back to the garden and the joys of gardening.
One can only wait and see and one year we may have been relisted.
Interesting article macnai
One needs to pray for a return. I certainly didn�t expect to be holding on for several years. But all is not lost like many aim companies as stuart is still working for pennies. His wife must have basic taste as he would be broke by now.
Where do you send it and the other issue is we all still have our original shareholding. Any shareholder who hasn�t read the consolidation will still think they still have their original holding before consolidation and may fill in the proxy form as so.
Well done. It will be interesting to see what price the shares will be listed at with consolidation already happened.10:1 50 million shares 10p will mean are free shares are worth before consolidation 1p a share
Your lucky he hasn�t returned any of my emails. With all the posts this week I thought we had news.
What he really meant was next month as to date SB timing has been out every time. May be we will have a first!!
Sense doesn�t have my details. Seems as if everything is starting to come to fruition although 5 years later than expected. As SS said just sit back and wait for the dividends to come in each year. Let�s hope he can lists the mining companies. It will be interesting to see if the auction house is still going to Ipo as no payment were in the accounts for both companies announce last year!!
Was it you good self who attended the lunch with Stuart in London several years ago or was it Sense. It only feels like yesterday SS was telling me about it.
CIC Fuels Limited - CICC holds a 48.36% interest in CICF. Emulsion Fuel Limited focuses world�s leading alternative heavy oil technology company. CICF technologies allow up to fifty 50% water to be molecularly bonded with heavy oil without the loss of calorific value (energy loss) whilst reducing CO2 gases by up to 75% and Nox gasses to 0.4%. A pilot operation has commenced in Fukuoka Japan located in heavy industry multiple boiler operation and has, to date, demonstrated significant fuel cost savings.
CIC Fuels Limited (CIC Fuels) CIC has increased its equity interest from 31.5% to 48.36% in exchange for additional services provided by CIC. CIC Fuels, based on in Japan, is focused on the development of technology to enable it to produce emulsion fuels. CIC is currently compiling technical data to be used in an independent report on the company's fuel technologies and positioning in the emulsion fuel market. Sino Reserves Holding Corporation Limited ("Sino Reserves") It is anticipated that CIC will hold a 6% equity interest in Sino Reserves upon the successful listing of Sino. Sino Reserves owns 46% of Sida Group Co. Ltd. (Sida) an oil import/export company. Sida is a leading Chinese private oil trading company which owns an oil bunkering and terminal license in China. Sida has also secured land in China's new leading oil port development area located in Tianjin, China. Sida has recently completed designs for a terminal and port facility by Tianjin Petrochemical Engineering Design Co. Ltd. The design includes eight 20,000m3 storage tanks, twelve 5,000m3 storage tanks plus various other storage tanks. In addition to the full oil terminal facility, in December 2012 preliminary construction is started on the oil terminal and bunkering facility. CIC has been advised by Sino Reserves that in November 2012, Sida was granted an option to acquire a Chinese State owned oil refinery servicing heavy industry located in North Eastern China. The design capacity of the plant is 1,000,000 tons. Products include diesel, liquefied gas, polypropylene, and methyl ethyl ketone. The production capacity of methyl ethyl ketone facility is 20,000 tons per year. Sino Reserves strategy is to be a privately owned Chinese oil trading, terminal, bunkering and refinery operator. The oil terminal and bunkering will allow direct imports of oil products for supply through existing agreements to commercial clients as well as holding oil reserves to achieve potentially high profit margins. Appointment of adviser to raise IPO capital for CIC Fuels and Sino Reserves The Company is pleased to advise that in response to enquiries from major Saudi Oil companies and others, CIC Fuels, Sino Reserves and Sida Group have entered into an agreement with a Saudi Arabian intermediary to act on their behalf with a view to raising significant IPO funding facilitated by CIC. The IPO funds being sought are GDP 15,000,000 at IPO for each of Sino Reserves and CIC Fuels and GBP85,000,000 on IPO for Sida Group. CIC has established good relationships with major Saudi State Enterprises and believes that this appointment is a significant step in enabling CIC to operate effectively and raise funds in the Middle East.
Looks as if news of the Canada listing will be out very soon. I see the website has been updated with contact details for Canada !!
CICC's shareholder base include some of China's largest mine owners & leading Institutional Funds. http://www.ciccapital.com Shares in issue: 186,444,427 Out of which, directors have about 50%. CICC's CEO loaned $1.1m do the co with no interests (later converted into shares) MCAP - about �10m NAV (pre IPO): CAD$ 36.5m (30th Jan 2013) equating to circa 12p Company's presentation: http://portal.sliderocket.com/ADIUN/CIC-PRESENTATION_Feb2012 Officially known assets (to be IPO' soon): Equity Interest Fair Value (CAD $ IFRS) CIC Gold Limited 48.47% 26,940,000 www.cicgold.com* CIC Fuels Limited 48.36% 13,660,000 www.cicfuels.com* Sino Reserves Group Limited 6.00% TBA www.sinoreserves.com* Benxi Steel Group Limited TBA % TBA http://www.bxsteel.com *Websites to be updated on IPO CIC Gold Limited - The Company holds a 48.47% interest in CICG. CICG has interests in three properties: Jin Ce gold project in Guizhou Province, China, located next to the Jinfeng gold mine owned by Eldorado Gold (formally Sino Gold and China's second largest operating gold mine in China); ShangBa Gold, located adjacent to Lixian Gold Deposit, (one of the Chinese largest gold properties), and Congo Gold, located in Eastern DR Congo near to Banro Corp's operations (Congo's leading gold producer). All CICG leases have full mining licenses. [Please note that ShangBa gold mine sale was agreed at the beginning of the year] Jin Ce gold project located near China's second largest gold mine operation, Jinfeng, formally owned by Sino Gold Mining Limited now Eldorado Gold Corporation. A Canadian NI43-101 Technical Report on the Jin Ce gold project was completed in January 2010 by CIC Mining Resources and is available from Sedar. Advisory services are also being provided to Guizhou Jin Ce Mining Co. who co-won the Jin Ce mine. # Jinfeng has Proven+Probable reserves of ~2.1m oz,. and Measured+Indicated resources ~2.9m plus further Inferred ~1.1m oz. of gold; production 2009-2011 averaged at 175k oz./year. ShangBa is a "heap leach" oxide gold mining operation, the mining and processing operations of which are managed by Mr. Su, a director of CICP and a leading oxide gold miner in China. Following a 48-day leaching period ShangBa has produced 3,825 oz. gold, with a further three-heap leach pad due to complete final leaching in the near future. A total of 4,790 oz. gold has been produced to date. The mine is targeting production of up to 80k oz. per year. # The Libar/Jinshan goldmine (which is next to CICR's Shangba mine) was sold to ZirJin in Dec 2011 for US$175m (~�105m). ShangBa gold mine is 5x larger. Congo Precious Metals SPRL (Congo Gold) – Congo Gold owns 4 "significant gold concessions" (PR5886, PR6565, PR5277 and PR12102) covering a combined area of 181.8 square kilometers) in Eco Project Company Limited, on one of Africa's major Gold Belts, located next to the Banro Corporation in the Twangiza-Namoya gold belt, (the Democratic Republic of
Lacks skills in communicating to its shareholders,specially on reply to emails. Fabrication of deals that never materialise. Expectations rarely achieved with deals at least 5 years away from fruition.