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These are the best production figures they have produced, for any quarter, plus they have now started production at Thakuda, means we should see a substantial increase in the next quarter.
I only had the briefest of looks at them. Not that fussed either way, I am 'fussed' about how much ACU are actually generating as we speak. Looking at the figures for June 1st to 15th, quite feasable they are going to mine 250k to 300k of ore this quarter, which will be double what they have produced in their best quarter so far
Looks to me like TSTR are years away from producing anything, yet thye are still valued at £16.6m. ACU have earned $7.3M so far, and I would expect that to be about $15m by year end. If they get production started on Thakuda, then who knows? could be anywhere up to $20m, this year, and who knows for next How long will it be before TSTR are generating $20m p/a in revenue? Still good luck with your investment.
For those who have held for a year and more, you cannot compare the sittuation going forward with the historical problems, (which was caused by the extreme drop in the price of copper. Acu is valued ast about £35-40M at the moment, I would say it's true value as things stand shoule be £100 -120m, and going forward higher again, depending on production levels, Thakuda and further discoveries. It just requires a little more patience, personally I'm not going anywhere at the moment, and am quire happy to wait.
I would be very surprised if you don't see a profit in the next 6 months, as long as they are producing copper, and as long as the price remains strong. Regarding ZCI I remember reading a while ago something from Brad Kipp, he implied that ZCI wanted to keep ACU as a seperate entitiy. Obviously things change, but I haven't seen anything since that has changed my opinion. I am going to be very interested in the up coming figures, should give us an idea of what they are capable of, going forward. I'm not expecting firewaorks, but hopefully something to move us forward, they should be producing reasonable amounts now, and earning good revenues, hopefully there will be an update on Thakuda. As to Director buys, I have seen directors buy shares in a company one week at 65p, and see it 20p two months later, it doesn't bother me one way or another. I maintain my stance that this will be above 10p in six months time. if there is no major change in circumstances.
Standard Chartered raised its estimate for next year’s average price by $425 to $8,325. Supply will fall short of demand by 273,000 tons next year after a 462,000-ton surplus in 2010, according to the analyst. “We expect the copper market to remain in deficit for the next few years,” he said.
Not posted in a while, I have given up on BB's, so will give a brief note. Personally I contiue to hold, the price of Copper is still strong, and there is expected to be a shortfall in production next year which could send the price higher still, I could see it well over $4 per lb. As we should be producing ever increasing amounts of Copper ""The Company does not believe that the operating results for this period of production are at all indicative of those it will achieve over time, after implementing the solutions currently in progress" Also "The Company's current programme envisages drilling some 8 - 10 new targets before June 2011, and the Company is establishing a panel of experts to assist it in selecting the most promising targets." for the longer term So I don't see any problem with the mining side of things, for those with a bit of patience. As for ZCI, I don't see them buying the rest of ACU that they don't own, or taking it private, I have seen no evidence to suggest otherwise, though you can never rule it out, If they did it would certainly be substantially higher than the present SP. Everyhting I have read has suggested they want to keep ACU as a seperate entity, though things can change. As to the depressed sp, most small caps have depressed sp's at the moment. I would expect news of Thakuda on 24th, though I will be facinated to see what production figures are, pre Thakuda, and also to see what revenues will be. These are my opinions, people should invest their money on their opinions. GLA