Have to say I am with Charles on this one. As far as I know, there is only one active but depleted copper mine on the island. It has a leach pad and electrowinning refinery but I believe the owners are going to relocate this as part of their new Apliki joint venture with Venus minerals: https://www.venusminerals.co/media/attachments/2022/04/11/press-release-venus-minerals-and-hellenic-copper-mines-finalise-jv.pdf
So one outfit, at least, believe they can operate profitably in Cyprus provided the price of copper holds up. I accept Kaiser's point that the Cu grades are juicy but what I don't know (or even understand) is how long any new operation by Bezant is going to last before the resource is depleted. I cannot see a concentrator and refinery built from scratch being of interest to us shareholders unless there is a good 10 years + worth of material.
My guess is that we would not be having this thread were it not for CB's interest in Bezant.
Anyway, we should get a clearer idea of what is going on after the meeting in May. Maybe our trials on leaching sulphides in Zambia will be relevant. Maybe Chesterfield will be interested. Who knows!
The reason I think you are wrong, Bendog, is the huge volume. Most traders are happy with 10% and delirious with more. They could have got that easily by now, but they are still buying. This seems like a genuine re-rate to me
Remarkable volume in this share today, with shares changing hands around 6.1p which confirms my recent post that the current rise is no P&D but a genuine and long overdue realignment. Not sure about traders, BC. This would be a dodgy share to day trade with a spread of nearly 5%, but no doubt there will be chancers looking for a quick buck. We all have our theoretical exit points.
Meanwhile, the only red flags I can see are at the ends of long logs being carried by lorries in Gabon.
Yes Moz. Definitely not a P&D (famous last words!). Which begs the question of whether anything else is informing the marked increased volume of share deals (over 110 today already). For instance, nobody has picked up on 'railroad's' good post drawing attention to the sale of 350,000,000 shares from Rhino to a third party (who?) and the conversion of some of these shares to voting right shares. Any ideas?
Yes, BC, a bogus article. But, as Dactions points out, it did draw attention to our little company which he/she rightly referred to as a gem.
Another interesting point. We dropped only 6.7% today having gained nearly 40% yesterday. This is NOT the typical pattern of a P&D. The Sp is re-rating and awareness of our potential is increasing.
Two things, Rick. First, my understanding is that there are still certain regulatory approvals which need to be in place before we can move into this business. Second, we need to have access to land to plant the trees. I am aware that a certaine acreage has been identified, but I am not aware of any RNS stating that this has been bought, or a concession agreed.
I get the impression that some posters think we can leverage our existing forest for carbon credits, but I can't see how that would work. Our business model does not involve planting new trees. We just take a few from each hectare and allow the forest to regenerate naturally. The purchaser of a carbon credit needs to see carbon sequestered that would not have been removed from the atmosphere if they had not paid = new trees on previously unforested ground.
Still a bit of duck positioning to go, so we are in no position to announce a big carbon offset deal just now - but yes, the ducks are getting more organised by the minute. One step at a time.
ike most posters here, I give te article zero credibility. The retrace today was predictable as chancers bank their gains. But some of those that bought yesterday may have been more canny investors. They might even have read our recent sustainability document. (https://www.woodbois.com/report/) and recent RNSs
From these they will have learned that this is a well managed, ethical and growing company. That currently our growth in income is limited only by shipping restraints. That within the calendar year 2022 we should obtain Forest Stewardship certification opening the doors to a raft of new clients. That within this quarter we will be commissioning a new veneer plant which doubles the output of the most lucrative part of our business. That we are on a path to divesification and huge growth. That our carbon credit business is moving forward apace.
I hope these investors will eschew the cheap quick buck and hold on for a long term gain - not 20000%, but something really valuable at a time when investing wisely presents a huge challenge.
Barnet, that acreage includes our holding in Mozambique which is currently a bit dodgy. We can’t sell carbon credits on the acreage we harvest as it’s already there. We will need to buy or arrange a concession on unforested or degraded land and then develop the credits by planting trees. It takes several years before a new tree starts sequestration a significant amount of carbon. It will happen but not in a rush!
I am quite heavily invested here and am optimistic about our well run company, but the article is quite frankly wildly optimistic. Today's readjustment, however, is no more than bringing the SP in line with the placing price and, on current form, it certainly deserves to be there (or higher) irrespective of any journalistic exuberance.
No. A speeding ticket is when a company releases an RNS stating that it knows no reason for recent sp volatility. A price monitoring extension is an extension of an auction to allow trades to review their bids in the face of share price volatility.
Max, I would expect an RNS to state that Roan is up and running and fully commissioned fairly soon. In fact, I suspect that some investors may have got the jitters that we have heard nothing about Roan for a while so I would expect the share price respond to a positive operational copper update before the figures you mention are released.
I feel a bit more sanguine about the RNS which, as Seis points out, is pretty standard. I am inclined to take it at face value, which is that we have no immediate plans to issue equity, but the 'Global' team wants the flexibility to act quickly if an opportunity arises. This was the case , for example, with the purchase of Platcro (Windsor) which turned out to be part of a series of deals responsible for the share price 6 bagging, and hence very much in the interests of shareholders.
Inflation is upon us, and with it a rise in interest rates is inevitable. Issue of equity is still the best way to raise funds expeditiously and is in the interest of shareholdes if it adds sufficient value. The dilution need not be permanent. AAL have just returned $1 billion to shareholders in the form of a buy back.
These are troubled times, but in such global uncertainty rich opportunities crop up. We need to be nimble to take advantage of them.
I am sympathetic with NatCoal, though. If the board are eyeing something specific, they stand a much better chance of gaining support from us retail investors if they give us some idea of what is going on. I will be voting 'yes'.
Kabwe is a big town. We are morally obliged to clean up the dump. There is probably a complicated range of side issues with other interested parties but I wish our company would give us some clarity over its planning in this area.
Morning, Dorf. Looks to me as though 'he' is a computer and this article was generated by an algorithm. As El Prof says, the figures are ok though.
No real sign of ACAM off loading at these prices as suggested by Leon in the RNS. There should be quite a lot of news soon, incuding an update on Roan (commissioning immanent [sic] in February), deliberations/constitution of our global cabal and maybe even some update on appointment of a new chairman to take over from the current one.
Good progress on all fronts. Significant growth over the last year with more to come. Sanctions on Russian timber = price increases. Doran still talking about dividends. Improved year on year financials despite Covid and shipping difficulties which are gradually improving. I continue to add to my holding here on the dips.
I note Biden is increasing supply of LNG to Europe, but he has also pledged an increased supply of hydrogen. It seems to me that the current conflict is going to change, radically and irreversibly, the energy policies in Europe and beyond. I am speculating that this will make for a huge additional investment in the hydrogen economy. Any thoughts?
I agree that we are most unlikely to have some secret ( patent-able) chemical breakthrough for producing vanadium and/or cobalt metals/concentrate from waste, or leaching copper from sulphide ore. What we are good at, however, is designing and applying carefully constructed flowsheets which enable us to scale up known processes with available equipment to achieve economic extraction where others have failed. Our fine chrome process is an example of this.
I don't know if our current experiments in this area are progressing well and, if they are, what sort of metal prices would justify the investment but clearly there is the possibility of some big earnings if we can make it all work.
Meanwhile, the fluctuations in the Sp are to be expected and don't worry me. I am buying on the dips with an investment horizon of two years.