Member Info for muldoon96

Didn't realise - they were delayed trades from around 09:00 so the sp has in fact held up well.

Yes that 150,000 seller has really had it in for SAV yesterday and today.

Continued ....... On average every person on the planet is consuming about 3 kilos of copper every year; it’s around 6 kilos in the United States, and 8 kilos in Japan. Copper use is expected to rise further with increased urbanisation, electrification and the advent of Electric Vehicles.” Copper ore from the Washihi site in Wadi Andam will be mined, transported by conveyor to the nearby concentrator plant where it will be crushed and processed to produce copper concentrate of around 24.6 per cent metal purity, said Richard. The concentrate will be exported via Sohar Port for smelting overseas pending either the refurbishment of the existing government owned copper smelter at Wadi Jizzi or the development of an entirely new smelter in the Sultanate. Output of copper concentrate from the concentrator plant is estimated at 30,000 tonnes per annum, he said. As for the project timeline, Richard stated: “We are now in a position to commence work on the project with a view to commencing production at the end of next year.”

http://www.omanobserver.om/contract-award-for-copper-concentrator-plant-soon/ Contract award for copper concentrator plant soon MUSCAT, JUNE 26 – A contract for the construction and operation of a 1 million tonnes per annum (Mtpa) capacity copper concentration plant at the heart of the Integrated Copper Mining Project of Al Hadeetha Resources unveiled on Monday, is due to be awarded shortly, according to a key project executive. Justin Richard, CEO of Al Hadeetha Resources, said a number of specialist mining contractors are competing for the Engineering-Procurement-Construction (EPC) contract for the development of the concentrator plant — the centrepiece of the $70 million copper mining project set for implementation at Wadi Andam in Wilayat Al Mudhaibi, North Al Sharqiyah Governorate. “The appointment of the EPC contractor will be announced within weeks,” said Richard. “The EPC contractor will also operate the plant over the 10-year life of the copper mine,” he added in comments to journalists following Monday’s celebrations marking the formal award of a licence from the Public Authority for Mining (PAM) for the development of copper reserves in Washihi in Al Mudhaibi, billed as one of the largest single-resource copper mines in the Sultanate. Al Hadeetha Resources — a partnership of Australian based Alara Resources (70 per cent) and local firm Al Hadeetha Investment (30 per cent) — has also announced the appointment of Canadian based industrial consultancy Progesys as the Project Management Consultant for the overall integrated development. Progesys will also oversee the functions of the Mining Contractor, who will be responsible for the mining fleet, as well as a host of other consultants tasked with ensuring compliance with environmental and regulatory requirements. Earlier, in a presentation at the Public Authority of Mining (PAM) headquarters on Monday, Justin Richard — who is also CEO of Alara Resources — said Al Hadeetha Resources is “setting a great example for Foreign Direct Investment (FDI)” in the Sultanate. “The project involves a total capex of about $70 million, which includes pre-operating expenditure and the cost of the concentrator plant. It will also involve around $270 million in operating expenditure and generate revenues of about $500 million over the life of the mine based on current copper prices. The project will also pay around $30 million in royalties, $30 million in corporate taxes and generate many other benefits to the economy and to society, through local employment, capacity building, SME development, and so on.” Importantly, the copper mining project is also taking off against the backdrop of growing copper demand and rising commodity prices, he said. “Copper demand is growing year-on-year. On average every person on the planet is consuming about 3 kilos of copper every year; it’s around

I think it is just the 'last-but-one' post that disappears - then when another post is made the one previously missing reappears. And it only seems to affect mobile site, the desktop site seems to perform OK to me.

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It is a matter of confidence in the management. If CP bangs on for months about the launch being in Q2 and then it doesn't happen then why believe anything else he might say ? Fact it is currently suspended is neither here nor there. As everyone knows AIM is driven a lot by confidence and lack of it, that's why it is important we do not lose it.

Exercise of warrants

Some nice upward movement during second half of the morning.

Directors haven't bought for over two-and-a-half months. They should be flocking in at these prices.

He's not sowing the seeds of doubt, CP is doing that perfectly well himself. To say you are going to launch Q2 and then leave it to the very last minute (assuming he IS going to launch in Q2) obviously sows the seeds of doubt.

Easy to sell 600k at 11.5888 at the mo.

Think it's just you . Seems fine to me. I am viewing on a mobile, not a PC.

They were all from yesterday, at various times, so they are probably a mixture of large buys and large sells

Bit of a Mexican standoff between the buyers and sellers at the moment. There is clearly buying interest but being stymied by persistent sellers.

I guess EMH and BCN are hoping it will be from them as they are nearby.

Ah, I know why - it went through the NEX exchange and this site only shows LSE trades.

That trade is an odd one - it doesn't show at all if you look on the 'Trades' section of this website.

Wrong board mate ?

Very tight - has been between 12.0 and 12.5 during the morning and 12.0 and 12.25 during the afternoon. Not so much volume as recently but still over 5 mill and still an hour to go. I like this apparent floor to the sp.