Member Info for hj6670

I don't Jimbo I use H&L, hl.co.uk. LSE is not a very stable site and has fallen over a few times in the past few months, H&L are a bit more expensive but I like their set up, support and ease of trading.

I can only surmise that they are trying to fill a large order in the background.

Well, at least I'm not on my own.... I agree Gaz I've just bought another 16633 @ 5.94 but its not showing yet.

Am I missing something here, we are a cash generating mine with assets in the 100's of millions yet we have a share price of an exploration company who are speculating on the hope of finding something....... It baffles me!

https://twitter.com/CradleArc/status/1004370351432839168

The firm has unveiled a maiden ore reserve for the open pit portion of the Mowana copper mine in northeast Botswana. It sees 31.8 million tonnes of proved and probable reserves at a grade of 1.17% of copper, representing 370,800 tonnes of contained copper. Meanwhile, it increases the project�s measured and indicated resource increased to 55mln tonnes for a total of 640,000 tonnes of copper, a 37% expansion. The life of the mine accordingly increases by 3 years to 14 years. https://www.standard.co.uk/business/smallcap-spotlight-cityfibre-wins-west-sussex-county-council-internet-contract-a3852166.html

You're better at these calculations than I am, what should the indicated share price be with a confirmed NVP of 252 million and circa 200 million shares in issue?

https://twitter.com/AlectoMinerals/status/836231330157457408 Posted 27th Feb 2017, first rock being moved.

Agree Mcfirth, but remember they have been producing for over 12 months now, so the figures should reflect a good ramp up in production and sales.

Very happy with this RNS, lots of positives, lining things up nicely for the 6 monthly financial reports which will confirm the revenue levels.

https://twitter.com/CradleArc/status/1001489977472114689

Hi GoaHaris, it has gone quiet, however, their 6 monthly reporting is the end of June, so as they have been producing for some time now, I am expecting a decent trading update with details around the progress of the DMS. This will be a telling report as to whether they are walking the walk, as they say. I am encouraged that Kevin stated anything over $1.50 on the price of copper is profit to them and it is currently trading at and has been for some time around $3.If you look at Facebook the Staff at mowanna have a page where they share pictures of themselves at the mine which is helpful as you can see whats going on in the background, plus the twitter feed is picking up so the activity is there.

https://twitter.com/twitter/statuses/994879834034712578

I agree Gaz, however, if I remember correctly it didn't rise when they originally announced the JV. If you look right back approx 5/6 years Alecto originally secured the licence for Kossanto West from Randgold.

I will be very happy for them to concentrate on Mowanan the working, cash-generating mine.

Kevin Van Wouw, CEO of gold and copper miner Cradle Arc, points out that their Mowana copper mine in Botswana was profitable at anything above $1.50 per pound. The current market price for copper is around $2.50 per pound and the uptick has prompted the company to arrange a $10m loan to significantly ramp up production. �The higher the price, the happier everyone becomes,� he says.

I agree solgf, I was more interested in the comment about anything over $1.50 is profit from Kevin, Ithis, in my opinion, has very long, strong legs and will keep adding when I can.

http://africanbusinessmagazine.com/sectors/commodities/african-governments-demand-more-from-mining/

Hello, everyone, I have stayed out of the forum for a while as it was just people trying to guess what was going on without facts. I read the admission doc, well scanned it at least and 5 things I take away: - 1. The strength of the new management. 2. 115 million of the management shares are locked in for 2 years, 12months hard 12 months soft. 3. The new balance sheet will now enable them to raise finance and take Matala into production. 4. The NVP of the uprated project is $245m at a Cu price of $2.7 / Ib, it is currently $3.07 / lb. 5. The Rangold JV is still in place and an update is due in the first half of 18. I need a share price of .70p to break even here, but ive waited this long, so another 12 months hold wont make any difference, I will be buying within the offer and adding on the open market. This is just my opinion.

I'm done on here and won't be posting again, good luck to everyone. I'm sure those with any sense will see the potential here.