Member Info for Divermike

Valuefinder half a Kilo from CONCENTRATE do we know how many tons of ore it took to produce the concentrate, as you said its totally different from half a kilo from raw ore

Suzki, I believe the Directors do have responsibilities, .............. 3. Fiduciary responsibilities
As a director, you must act in a way which you think is most likely to promote the success of the company for the benefit of its shareholders. You need to consider a number of statutory factors, including the long-term consequence of decisions, your firm's reputation and the interests of other stakeholders such as employees and the community.

The company is a separate legal entity from its directors, shareholders and employees
The interests of the company are aligned with the interests of its shareholders as a group (and not necessarily with the interests of particular individual shareholders).
You must consider the interests of other stakeholders and employees. If your company is insolvent, then the interests of the creditors as a body are paramount.
You must have regard to the company's reputation.
You must give equal consideration to all shareholders
Even if you hold most of the shares, or act as the nominee of the major shareholder, you must consider the interests of shareholders as a whole.
In practice, it is often difficult for a minority shareholder to have a significant say in decisions made by majority shareholders. If you are a minority shareholder, you should aim to include suitable protections in the articles or in a shareholder agreement at the time you set up the company.
You must not use your position to make private profits at the company’s expense
If you are found to have profited from a contract personally, or to have used your position as a director for your own benefit, you might be forced to hand those profits over to the company (even if the company does not suffer any loss).
Depending on the company's constitution, it may be possible for the board of directors to authorise in advance an action that benefits a director personally.
You must also not accept benefits from third parties arising from your position of director.
You are legally obliged to declare any actual or potential conflict of interest
For example, if you have interests in another company with which your company is planning to do business.
Substantial deals between the company and you must be approved by the shareholders
This also applies to deals involving someone connected with you, such as a relative.

The world risks ‘running out of copper’ — and here’s how high prices may rise as the economy reopens ......https://www.marketwatch.com/story/the-world-risks-running-out-of-copper-and-heres-how-high-prices-may-rise-as-the-economy-reopens-bofa-warns-11620073503

jimjam, very nice of you, by my calculations it should double the share price

Bob, I think the BOD has a CBA attitude "Can't be ars....."

Well well, CASP No1 ramper, now surfing around looking for anything even remotely negative to do with CASP, I think most people on here can see right through you

AYMers, please do not adjust your TV sets or computer monitors, your laptop hasn't gone faulty .................... today this actually blue, normal service will resume tomorrow

Ok cig packet calculation
7300t copper @ $20,000 = $146,000,000
8000t zinc @ $2,900 = $23,200,000
7600t lead @ $2200 = $16,720,00
6t silver @ $600,000 = $3,600,000
160kg gold @ $57,333 = $9,200,000 x 3 coz its welsh $27,600,000

Total $217,120,000 per year, over a 12 year life = $2,605,000,000
Price assumes all the metal is dug out and refined in ingots that the customer picks up from Parys mountain and pays the crazy predicted prices, in cash ....... Oh and we dont pay any tax or outgoings

“We are very encouraged with these financial results, particularly for the expanded scenario. The PEA clearly demonstrates that Parys Mountain has the potential to be developed as a serious mining project producing an average 7,300 tonnes of copper, 8,000 tonnes of zinc, 7,600 tonnes of lead, 6,000 kg of silver and 160 kg of gold, in concentrates, per year in Case C and become a major contributor to the UK economy.” added Bill Hooley.

7,300 tonnes of Copper at $20,000 per tonne !!!! do the maths yourself ........... and if you cant be bothered ........... $146,000,000 per year, ............ yes $146m per year

Not even worth mentioning poor old Silver 6,000kg a year bringing in £3.6m every year

Gold now at $57,333, ........... 160kg a year thats £9.2m per year we could be getting (Spot price not including any premium for Welsh gold up to 3x, )

Even dreary old lead is pushing $2200 ............Lead Price is at a current level of 2181.81, up from 2011.92 last month and up from 1626.34 one year ago. This is a change of 8.44% from last month and 34.15% from one year ago.

Zinc is going to rocket after 2024 ....UGMK put zinc prices over 2021-2025 in the region of $2,500-$2,900/mt.

The company said it believes global zinc ore extraction at existing mines will reach a peak in 2024, just exceeding the 14 million mt mark. Extraction is likely to enter a stage of decline thereafter as ore quality deteriorates and certain reserve fields coming to the end of their lives.

Bill Hooley, wake up ....Inventories, measured in metric tons, now stand at levels seen 15 years ago, “implying that stocks cover just 3.3 weeks of demand,” the strategists said in a BofA Global Research note dated April 30. The bank’s strategists said prices could jump to $13,000 a metric ton (or $5.89 a pound) in the coming months and are forecasting copper market deficits amid further drops in inventory this year and in 2022.

“The fundamental backdrop is so concerning because the global economy is just now starting to open up and reflate,” they said. “If scrap supply doesn’t come through, stocks would deplete by 2024.” The world risks “running out of copper” amid widening supply and demand deficits, according to Bank of America, and prices could hit $20,000 per metric ton by 2025.

Come on Big Bill, look at what is happening right in front of us, right here right now ....Iron Ore 62% FE is expected to trade at 221.90 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 246.66 in 12 months time,

Yep $75.78 all fantastic news for CASP, even more money coming in on the International sales, a deep, just 1 deep please please please oil gods

Probably an RNS lodged for tomorrow

Bob, he got them from Aldi, £9.99 Thursday special, he was expecting at least 3 million steps, I think 2 million wasn't bad for a pair of Old Crocs 8-))
PS:- Brent, Crocs (The shoes, not the people)

Rhertig, you are already on it mate, No 18 and climbing ...... 50p = Florida, sounds OK to me
17 Badgernator
18 rhertig
19 MatrixObserver

Awax, rampytastic, this is going to hit 10p soon, get your golden tickets, train leaving soon errrrrrr cant think of anymore .... wouldn't want to be out of this over the wee ....... Uhhh we've had that one already