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Once the suspension is lifted on the JSE (as soon as they publish new accounts once the liquidation of African Copper is fully completed) it will be interesting to buy ZCI shares. Market cap on the last quoted price is 17M$ and in addition to their 40% share in Mowana ZCI has and will receive a nice amount of money from Leboam and also from the liquidator. See ZCI RNS : http://www.zci.lu/press.htm According to my calculations ZCI's NPV (including the cash payments) will be around 2.45$ per share, the last quoted price on the JSE being 0.31 $.... And ZCI has no debt.
http://www.sharenet.co.za/v3/sens_display.php?tdate=20180314151500&seq=37&scode=ZCI
https://polaris.brighterir.com/public/cradle_arc/news/rns/story/rgmknzr
yes my dear !
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CRA/13552794.html
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CRA/13546331.html
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CRA/13546331.html
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CRA/13546331.html
Do you know when the company will have to publish its first accounts ? What is the rule on AIM ? Half yearly ? tks
3.25$/lb Business plan established with 2.50$
I just wanted to let you know that Cradle Arc has today lodged its Schedule One application to list on AIM. Accordingly, the Company expects to commence trading on AIM on 10 January 2017. Further details can be found using the link below. https://www.investegate.co.uk/aim/rns/schedule-one---cradle-arc-plc/201712220845011926A/
No previously it was mentioned an upfront payment of $20m to the liquidator. So the question is now : in addition to the $10m payment to ZCI, ARE THEre ANY OTHER PAYMENTS TO BE MADE TO OTHER CREDITORS ? Please kindly ask Alecto about it. Myself I am a ZCI shareholder.
Cradle Arc Cradle Arc PLC (formerly Alecto) will soon have completed the purchase of the Mowana copper mine in Botswana. The mine has had >$155m spent on it, roughly 25% in drilling and soft costs, 75% on mining, surface infrastructure and the plant. Via a cash and shares transaction, Cradle Arc PLC will own 60% of Mowana with 40% owned by ZCI, the mine�s historical lender. Cradle Arc took over operations in March, the first production blast was April 29th, since when tonnage has ramped up to a current rate of 60kt per month and circa 550 tonnes of copper metal per month. The mine is now fully funded and will ramp-up to an annual rate of 12,000 tonnes of copper by December, then expand to 23,000 tonnes by 4Q18. The Mowana Mine has an initial 11-year mine plan from two open pits. However, the 30m wide orebody is also open down dip and along strike and has excellent additional open pit and underground potential. We expect the transaction to complete and for Cradle Arc to return to AIM this month (November). We then anticipate positive operational updates as the mine ramp-up progresses and operating cashflow turns positive. - 08/11/2017
https://www.**********************/cradle-arc-c-2-p-471
JUST RECEIVED IT NOW
i haven't received yet this announcement from Alecto/Cradle...
i haven't received yet this announcement from Alecto/Cradle...
A good buy will be ZCI on the JSE when suspension will be lifted after the transaction for Mowana. The market cap on the last quote was 11 Mio � only
it doesn't make sense to sell at such low price, you better wait
wait for the group restructuring underway