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The Count of Monte_Cristo 19 Jun'12 - 13:39 - 188 of 190 Check this out Mike...maybe helpful for those trying to value Basay... - Antucoya project proved and probable Ore Reserves of 643 million tonnes of 0.35% copper. - Marubeni will become a 30% partner in the Antucoya project for a consideration totalling US$350 million Compare the Antucoya project to Basay...and then factor in the following, the resoource at Basay is almost certainly going to significantly increase, I reckon by around 300-400% come the next JORC (this is my opinion and is admittedly more of a guess!!) additionally, as I detailed in yesterdays post I also think that the grade will increase from 0.48...which is already significantly better than the Antucoya project. http://www.copperdevelopmentcorp.com/project/basayoreresources.html http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11193995 Projects and exploration As previously announced, the Group signed a Memorandum of Understanding with Marubeni Corporation in December 2011 pursuant to which Marubeni will become a 30% partner in the Antucoya project for a consideration totalling US$350 million. Definitive agreements between Antofagasta and Marubeni have now been signed, on 19 April 2012 and closing of these agreements is expected in the second half of this year. Antucoya is a copper oxide deposit that is expected to produce an average of 80,000 tonnes of copper cathodes per annum through a standard heap-leach process with first production in the second half of 2014. It is expected to have a mine life of approximately 20 years, with proved and probable Ore Reserves of 643 million tonnes of 0.35% copper. Antucoya is finalising the key construction contracts and the development cost of the project is currently estimated at US$1.7 billion. http://www.antofagasta.co.uk/interior/operations/explora.php

off it's low by the looks of things. Cannot see any trades so far today though so I assume there is a buy order in the background...

http://fspinvest.co.za/content/why-goldman-sachs-paid-mine-175-million-not-sell-its-copper

It would mean that Goldman Sachs thinks copper is a good investment… It would push up the price of copper if Goldman Sachs is seen openly hoarding it. So it’s struck this deal… Invest in a mining start-up in return for copper instead of cash! Why Goldman Sachs is hoarding copper Well, obviously Goldman Sachs wouldn’t do anything just for the fun of it… This bank exists for the sole purpose of making money. And that’s its plan. You see, the copper price is down 22% from its highest levels last year. That’s because of expectations of softer copper demand on the back off economic worries in Europe. But according to research I did on commodities earlier this year that’s hardly the case. Yes, we’re experiencing a slump right now. But by this time next year China will be buying up copper by the tonne. And that means the copper price will go up again… So Goldman Sachs’ plan is to hoard as much copper as it can right now, while it can get the metal on the cheap. Then, when the price of copper goes up, it plans on listing a new Copper ETF. By that time, the bank will openly punt copper as a great investment and it’ll be in newspaper and magazine articles all over. And smart investors like you that caught onto Goldman Sachs’ covert copper hoarding will also be long on profits! -------------------------------------------------------------------- I doubled this man’s money in less than 12 months! If I don’t do the same for you, you don’t pay a cent… I showed Ziaad Adam a shortcut that boosted his income with quick gains like… * 83% on DRD Gold in 8 months * 52% on Panaf in 8 months * 42% on Ellies in 3 months * 37% on Ansys in 4 months Read his full story here and discover how easy it is to double your money in less than 12 months... -------------------------------------------------------------------- Why I agree with Goldman Sachs' view on copper I don’t normally agree with Goldman Sachs on anything. I don’t like the bank and the way it treats its customers. But when it comes to copper I have to agree with them. There’s a shiny future for the metal… You see, China’s demand for copper isn’t ceasing. In fact, China needs more than $81 Billion worth of copper by 2015! That’s almost five times more copper than the world’s largest copper producer provides! One of China’s most urgent needs is for 100 MILLION kg of copper to put two million electric cars on its roads by 2015. It’s forced to do this because its cities are suffocating with pollution! All you need to do is make sure you buy copper before Goldman Sachs makes its money from it… That gives you around a year to get your investments in order! And I’ve found a South African mining giant that’s almost got a complete monopoly on w

Why Goldman Sachs paid this mine $175 million to NOT sell its copper -------------------------------------------------------------------------------- Money Morning | 30 May, 2012 . IN THIS ISSUE: --------------------------------------------------------------------- •Why would anyone pay a mine $175 million to not sell copper •Why Goldman Sachs is hoarding copper •Smart investors who caught on to Goldman Sachs’ plan will be hoarding profits soon! ------------------------------------------------------------------- From Francois Joubert, editor, Red Hot Penny Shares Dear MoneyMorning reader Goldman Sachs, I’m sure you know the name. It’s the same bank that got half in trillion dollars in bailout money from the US government during the 2008 Financial Crisis after they helped fuel the crisis in the first place! It’s also the very same bank that had a South African employee quit and post a very embarrassing resignation letter on the Internet earlier this year. I’m sure you remember Greg Smith, and how he told the world about how Goldman Sachs is cheating its clients out of money, laughing about it behind closed doors and even calling everyday investors like you and I ‘Muppets’! Well, Goldman Sachs is up to something sinister again… ---------------------------------------------------------------- Resource Cycle Phase II: What's Your Game plan? Commodity prices are governed by the fundamental law of supply and demand. The long-term demand for key resources is not retreating. It's reloading. The BRIC economies' share of world growth is projected to double in less than 20 years. India alone will spend an estimated US$ 21 billion a year for the next 10 years on the construction of highways, dams, water treatment plants, and nuclear energy facilities. This will ramp up demand for resources. China, the next economic powerhouse, has an even bigger picture in mind. It's on the prowl for hard assets right now while they're cheap. You should be too. "The global economic recovery will lead to a huge demand for commodities, due to the RISE of the emerging markets...” And the world will experience the biggest shortage in the supply of resources yet. Find out how you can make gains of 120% in just 18 months here... ---------------------------------------------------------------- They’re paying a mine $175 million to not sell copper How is this possible? Well, Rio Tinto has an old copper mine in Spain that was closed down years ago. But now, with strong global demand for copper, the company has decided to open up the mine again. But to do that it needs money! That’s where Goldman Sachs comes in. The investment bankers have paid Rio Tinto $175 million to start up the mine again, in return for their copper. You see, the bank doesn’t want to go out and buy copp

Fox Davies flashnote: http://www.uploadlibrary.com/foxdavies/CDCFlashnote15June2012.pdf Basay Update BUY recommendation maintained Event Copper Development Corporation (“CDC”) has announced that it is suspending drilling at Basay to facilitate more extensive analysis and study the results and geology of the deposit. Comment This is a standard procedure in major drilling programmes and, with 71 holes completed for 34,002m of drilling, this can only be described as a substantial project, which remains open at depth and along strike. This review is expected to take two months. The interim report will show the extent and quantitative potential of the deposit and provide the basis for discussion with some major mining companies with a view to concluding a joint venture on Basay. We emphasise that this decision was NOT taken because CDC is running out of money. Our modelling indicated it will have about $14M of cash on hand at the end of 2012 and no need to borrow or raise additional capital this year. The Company also announces that Brian Lueck has resigned from the Board and that his function has been changed from that of Chief Operating Officer to Senior Geological Consultant, in line with his desire and objective of bringing his geological skills and experience most effectively to bear on the Company's effort of leveraging the maximum value from the Basay Project, which is the primary focus of CDC. Mr. Lueck remains fully committed to CDC. Recommendation We maintain a BUY with an unchanged target price of £1.31 per share

Xstrata Copper division chief executive Charlie Sartain told Dow Jones Newswires on Thursday despite the current uncertainty, fundamentals in the copper market remains strong. "It's very difficult to foresee what's going to happen to copper prices, but the market remains strong and should stay that way," Sartain said at a press conference in Chile. Xstrata, in the midst of a $90 billion merger with fellow Swiss commodities powerhouse Glencore, is the world's number four copper miner. The company owns 44% of the Collahuasi mine (Anglo American holds the remainder) in Chile which is the third largest copper mine in the world. The mine produces around 500,000 tonnes of copper per year, supplying 3% of the world's copper. Front-month copper contracts were trading at $3.35 a pound in afternoon trade Thursday on the Comex in New York and around $7,400 a tonne in London. Copper is down 19% over the past year. The red metal hit historic highs at the end of July last year of a shade under $4.50 a pound (more than $10,000 a tonne). http://www.mining.com/2012/06/14/xstrata-copper-fundamentals-are-strong-and-should-stay-that-way/

More news on Basay soon once analysed: 'Over the next month the Company expects completion of the assay results from the final eight drill holes. Once these assays are received, further analysis of all data gathered to date will be carried out in order to improve the geological model and achieve better quantification of potential of this system of deposits. This analysis will include wire frame simulation of drill results as well as hand drawn interpretation of maps and sections, also incorporating the results of on going exploration mapping and completed soil sampling and geophysics.' Also should be getting an updated JORC on Hinoba-an soon!

Completion of 34,002 Metres of Drilling at Basay and Suspension of Further Drilling Pending Deeper Study of Results and Geology With a View to a Possible JV and Resignation of Director Highlights -- With 34,002 metres of drilling for 71 holes completed at Basay Project, CDC is suspending further drilling to facilitate more extensive analysis and study the results and the geology of the deposit. -- In coming months the Company will concentrate on producing an interim report that will review the results of drilling and the geology in order to show the extent and quantitative potential of the deposit and provide the basis for discussion with some major mining companies with a view to concluding a joint venture on Basay. Full RNS: http://www.investegate.co.uk/Article.aspx?id=201206141101333715F

http://www.copperdevelopmentcorp.com/investors/broker_reports/Fox-Davies_CDC_Note_17Apr2012.pdf

I can only put it down to a bad market and the current weakness in copper price however they could be sitting on a world class resource and drilling results are due fairly soon. Also the current broker target price is 131p!!! Campared to a current sp of 11.125p... madness!

Digital Learning Marketplace (LON:DLM) took a further step towards becoming a leading digital learning company today with an agreement to buy learning firm Accredit Ltd. Simultaneously, Mark Savinson, Accredit's chief executive and the company's largest shareholder, has been appointed chief learning officer - a non board position. DLM said the initial consideration for the non-binding Heads of Terms will be £400,000 worth of company shares followed by a further deferred £300,000. Accredit, which provides sales performance improvement solutions, has supplier relationships with BT, Thomson Reuters, Lenovo and Vodafone. DLM's chief executive said the firm was currently negotiating several acquisitions being negotiated and was delighted at the development. "This is the first step in what we hope to be a series of transactions that will transform us over the next year into a leading digital learning company. "DLM will secure an important world class sales product portfolio to be sold to our existing customers, and we can cross-sell our existing products in to Accredit's significant blue chip customer base. "Mark is an experienced businessman who is passionate about what we are doing at DLM. He now joins other key management as significant shareholders in DLM plc, where we are all focused on and are already making valuable contributions to growing and transforming our business performance." As well as securing valuable long term blue chip customers, all Accredit's intellectual property will be acquired as part of the transaction. The price of shares for the initial consideration will be determined by the mid-market price on the date of completion, or as agreed between the parties at the time of closing. A further £300,000 of deferred consideration may be paid, also in DLM shares subject to Accredit showing a pre-tax profit of more than £300,000 for the year ending June 30 this year. In a note to clients, broker Northland said the acquisition represented further progress in the company's DLM’s buy-and-build strategy in what was a "highly fragmented" corporate digital learning market. "Accredit provides a blue-chip customer base where DLM can cross-sell other products but also a product set that is applicable to its own base. Finally, DLM gains another experienced executive whose interests are aligned with the group through his equity participation," said analyst David Johnson. As at 3.20pm, the firm's shares stood at 0.13 pence. http://www.proactiveinvestors.co.uk/companies/news/41937/digital-learning-marketplace-signs-agreement-to-buy-learning-firm-accredit-update-41937.html

http://www.investegate.co.uk/Article.aspx?id=20120425070102H5520

Hi mate, initial impressions are very good. Looks like an impressive acquisition and as you say not a bad price! Unfortunately dilution the only way to fund it but good to see that the company are delivering on their promises and not hanging about either! One of many acquisitions over the course of the year I think.

Great news: http://www.investegate.co.uk/Article.aspx?id=20120423070015H4681 The first of many I am hoping.

http://www.bloomberg.com/news/2012-04-19/copper-traders-turn-bullish-for-first-time-in-six-weeks.html

It passed the IPO price a few months after listing then bobbed around that mark for a while. Since September 2011 it has been below the IPO price but has made significant steps forward during this time.

A new note from Fox Davies can be found on the companies website and their target price has risen from £1.16 to £1.31 http://www.copperdevelopmentcorp.com/investors/broker_reports.html

Mostly buys so far this morning and the last one at full ask. Hopefully see another little move up.

The flagship project here is Basay, the initial JORC Inferred Resource was 131 Mt at 0.48% Cu including exceptional results such as 408m at 0.65% Cu and 261m at 1.08% Cu, a recent update released on 10th April stated that the company had encountered new high grade intersections at the Basay southeast deposit. In Mitch Alland's statement he said "With these new targets and ongoing growing knowledge of the geology of Basay, we feel that the next two months of drilling will be highly productive in our goal of realising these deposits as a major, world class copper project." Not too long to wait for further progress updates. Hinoba-an has been taken to the CTR stage so that the company can interest potential JV partners or a purchaser of the whole project. I agree that the copper price could be stronger but it is holding better than alot of commodities. I wouldn't be surprised if there were a few companies keeping a close eye on the project and have already undergone extensive due diligence but that is pure speculation on my part. The management team have a very impressive track record and keep shareholders up to date extremely well. More than I can say for many companies on AIM. Cash position is strong at c£17M currently and updates are regular. For all of these reasons I feel this is an extremely good investment and a safe haven for a large chunk of my portfolio at present.