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I am not day trading these, but there has got to be something fundamently wrong somewhere when a company mining copper with copper prices rising has a share price that falls. I also hold WTI which aren't mining yet and their share price has doubled since July 2010
depsite my protestation, I have topped up for the last time, to bring my average down to 6p, unfortunately I now hold 685,000 of these and am sat on a £15K loss, but if we ever hit 6p again, I will be out
what a POS
I have read the documentation and done the maths and there is no way the majority of any extra shares shares issued wont go to ZCI. They currently hold 82.16% and per the exisitng authority to issue shares to them if they take it up will take their interest to 89.36%. Now if ACU issue the 247,028,850 per the resolution and these dont go to ACI there interest will drop to 75.7% (if they do this without them taking the shares up under the existing authority that interest will be down to 63.2%). If all things do happen then for ACI to maintain the 89.36% interest they currently have they would need to take up 220,744,980 of the 247,028,850 shares planned to be issued. The above figures are all based on the issues done in full and there are numerable permutations, but my point is that ZCI are not going to relinquish the controlthey have already and therefore the majority of extra shares will go to them and not to institutions
are you serious, any more share issues dilutes the company even more, and from reading the resolutions the shares are going to go to ZCI anyway.
any news will make little difference, all that will happen as has been the case nearly every other time, is the share price will rise on the news then it slowly fall back down, until the next bit of news is released and the whole cycle will keep repeating. unfortunately too many people who post on here seem to look at ACU through rose coloured spectacles and were saying that once they started mining the price would start moving, well is hasn't it has gone down and even with rising copper prices ACU don't. I also have WTI who dont even their mines open yet and they are performing better than this turd of a share
back down this goes, what a pile of sh't
it went to these levels the other week then fell back, I hope it can hold this time and hopefully there will be some news from the company soon
what price shot up to 5.25p last week ?
well that was interesting, I could have got out with a nice profit, but instead held on waiting for the news behind the rise and now am back sitting on a loss, I wonder what that was all about, pump and dump maybe ?
I packed in posting as nothing was happening much and I wasn't overly impressed with the Mobile Oi deal, but it looks like they might have got it right.
yes I am still in and finally in profit !
the resolution was to issue shares to ZCI to fund development, so I would think that ZCI will be dictating the price rather than ACU
are rising again today
they bring out an operational RNS and the share price goes up and they aren't even mining on the same scale as we are !
last week and then typical ACU, good RNS and back down we go
once again we get a postive RNS, rise first thing and fall back, right now I will be happy if we finish level for today and think that 6.5p as a steady base is still a long way off
I think production levels are up on those released when we got the June 2010 update and so it the copper sold
ZCI is today, ACU is tomorrow