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I am told the half year results will be out before the New year. Which should be the most interesting we have ever had. I might top up myself a few quid, depending how much I spend on Christmas, which so far is too much.
This is what I have said in the past, but didn't want to keep repeating myself. I also did wonder at times if I had missed something obvious. The potential returns here, appear to be astronomic, remember, the more they produce, the cheaper it becomes! And this doesn't include any of the recent exploration bores, which suggest more copper and even gold to be found. PersonallyI hope it stays at 3.13p for as long as possible, because I will keep topping up whenever I can. All this share ever required was to have some patience
I take it you mean earnings of 6p a share, rather than a valuation of 6p a share.
Where are these rumours? Jordan Soko says "so we can start to leverage off the considerable assets we have in Botswana" If anything sounds like the opposite to me. Though as you say, undervalued either way, I'll happily top up at these prices
Well I have had a quick look at the results, and will look deeper when I have a bit more time, however a couple of things stand out. Firstly that my over all opinion that ACU will be 15p+ has been completely confirmed. They have revenues of $24m, which once the improvements to mining opperations have been concluded will increase considerably. As production goes up, relative costs come down, I would hope for anywhere between 1000 and 1500 tonnes per month, so roughly double to treble revenue at the moment. $50m to $75m. Though if the figures are higher than this taking into assuming they resolve issues with Thakuda ore it could be higher again. So ACU is no longer a mickey mouse company, they are a producer, with what appear to be very exciting oppertunities ofr further exploration. What the chairman says "and Thakadu reach sustainable profitability so we can start to leverage off the considerable assets we have in Botswana" is very interesting, does that mean reducing exposure, there by selling off some of their shareholding? Djepson, to be honest I am not interested in the markets reaction, I am interested in my own research, and if they can start to deliver, which look highly likely then the SP will react accordingly. I am happy to sit and wait, and top up at whenever I can at anything below 6p. But each to their own
They would have to offer ZCI (and us) a long way above 3.5p to buy them out. Though I personally would rather they kept hold and we reap the longer terms benifits. The fact the chinese are after copper, tells you where the price is going long term. Anyway tomorrow is results day, so we will get an idea of where we are heading. I'm not after anything spectacular, just that they are edging in the right direction. Good luck all
They are producing, not the quite the amount we hoped for, but they have been through the rainy season and production is significantly up on last year at this point. They have outlined all the issues they face, doesn't seem anything insurmountable to me. The price of copper is still very strong, and expected to remain so for the near future. If you want a two week double bagger you are in the wrong place. But if you are looking for a solid, safe(ish) investment that over time will provide a good return then this is as good as any, (in my opinion.) I continue to hold, and am happy to do so
Copper prices very strong again after a bit of a dip, as long as ACU production figures are OK they should actually be making money. When I say OK I mean just matching what they have already achieved as the worst case scenario. Just a question of sitting and waiting.
Just had a quick glance, some very beefy trades gone through today, I'm suprised it has had no impact on the sp
No delusion at all, looking at all previous production figures they are increasing quarter by quarter, I have no reason to think this sittuation has changed. The price of copper has stayed high, so they should be doing well, and I'm quite happy to wait. As has been stated previously the company might not issued updates as often as you like, doesn't mean anything one way or another really. I keep an eye on the price of copper and am happy to hold. As to "no director dealing" since 2006, means nothing also, the structure of the company is different for one thing. ZCI seem happy to invest significant amounts of money into ACU.
Annual results 31/03/11, which apparantly will be published late June/July time.
I agree with pretty much eveything you say, The only thing I will add, is I used the 400 mt per month as a very conservative figure, and would hope that they will be nearer 1000 mt per month than 500, all in. However this issue should become clearer as we see more realisitc production figures, as the issues are ironed out. As for loaning the money, I also think they are quite happy to loan money to the comapny, and get a good return on it, because what better invesmtent could they do with it. It also shows the confidence they ahve in ACU. Please don't shut up, it is great to have some good reasoned points being made. Because the sp does take off, you can be sure these boards will be full of the usual rabble.
I agree with your general sentiment, however I duspute your figures. "Sep 09 - Mar 10 - 6367 tonnes of concentrate @ 25.44% Apr 10 - June 10 - 2399 tonnes of concentrate @ 24.15 Average 1031 tonnes per months @25.09% Cu yield = 258.6 t / m Cu At circa $10k per tonne = $2.6M rev / month = $31M / yr" That average includes Sep 09 - Mar 10, when they had just started the mine up, with all the problems that enatiled. They have aslo stated they expect to improve production, I would be disapointed if they couldn't continue to improves levels, and from mowena alone they should be able to at least match the production figures achieved in August of 561 Cu tonnes. Throw in another 300 tonnes from Thakuda, more than treble your 258.6 t / m Cu. The production figures you have used, have been on a steadilly increasing curve since, In Oct and Nov they averaged nearly 400 tonnes per month, I'm sure can ncrease on that Though it could be affected by the rainy season. But this is before they discover any more Copper. In my opinion if the sp was treble what it is now, it still wouldn't be over valued
ACU are producing increasing amounts of copper, and copper is at an all time high. They have had issues, but are seemingly getting over them. I wouldn't call ACU a 'dead duck' by any stretch of the imagination, maybe lethargic, at some point they are going to make a fortune. The sp will react accordingly. As to time span, well everyone is different, a lot of people piled into CRND for a quick buck and paid the price
Seems to me you bought into SAR a couple of days too late. Personally I see this as a safe investment which at some stage will reach it's true value. Carl ACU is far from a dead duck of a company, just grossly undervalued
With a number of companies who aren't even producing with valuations close to or greater than ACU then something has to give. But if you look at the figures production is actually increasing nicely, Thakuda has caused a few teething problems, but I would expect them to breach 1000 tonnes of copper per month, sometime this year, and if copper price stays high then their revenues should make the sp react accordingly. If you average is at 4p, you should do well, just a bit of patience needed.
ACU have had their problems over the last couple of years. However they are now producing increasing amounts from two seperate mines, and explorer other areas, however it does have a majority shareholder which must be the only reason these aren't trading at three times these levels. However as production increaes further and coss fall, then revenue should increase accordingly. WTI are valued at more than ACU and they haven't even started production up again as yet. and when they do they will produce less than ACU. Just need patience as there can be periods of little activity. I've held for a while now and don't need the money I have invested in here so I'm quite happy to leave it, and one day these will be 20p+. For what it's worth. I think if things go to plan they should be over 10p within the next six months This has to be one of the most undervalued copper plays out there.
"Record copper price tests $10,000 Copper has hit a fresh record high just below $10,000 a tonne on hopes of increased demand amid supply shortages, which could be made worse by giant Cyclone Yasi in Australia" You would hope that record copper prices would feed through to a higher sp at some point!
It seems to me they are doing things the right way which is not always the quickest way. Also ZCI are not working to the same timescale as pi's. However the fundamentals are there for all to see, and if ZCI did not hold such a large % of shares then the sp would be treble what it is now. Would be interested to know there long term plans with this, as if they where going to buy the rest they would have done it by now
Not been here in a while, still hold and still think they will come good. Price of copper nearly $10k a tonne, they seems to sorting things out a tad more slowly than I/we hoped, but they are getting there.