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Fair play to you for calling the production RNS, even if you where a little out. You stated "new communiqué from ZCI EXPECTED VERY SOON" I just want an idea of what is 'very soon' as it is a very subjective time scale. I want it out of the way asap, because in my opinion the strategic review is what is holding the sp back. ACU have delivered on production, now we just need ZCI to deliver and I will be happy
I noticed that also. I don't see it as a big thing, I took it as either they are playing hard ball with costs, or they don't want to sign up to a long term contract prior to the sale, as the new owners may have or want their own staff / contractors. The main thing is they are gtting it out of the ground in decent amounts, and with more increases to come. Which is good for us if they don't sell, and good for any buyer if they do, which hopefully would be reflected in the price.
How soon, is very soon? Today? This week? next week? Will they get it out before the first birthday of the strategic review?
Well production so far this year is 7,068 mt, not bad at all considering issues in Q1, Recovery rates for Dec of 95.5% would be fantastic if we could get near that regularly, especially with a Cu grade (%) of nearer Oct or Nov 2.18, 1.78 rather than the 1.22 in Dec. If they can bring those two together, then this could lead to a huge increase in production. But as allways until the strategic review is dealt with we are no further forward. We already knew production was increasing, with more to come.
Well given the increases in production over the last year you would hope so. Though I don't really care anymore wether they sell or not, just as long as they end this uncertainty hanging over us, because it is killing any chance of the sp reacting to any production RNS.
We continue to wait with interest. Though this time last year, I wasn't expecting to still be waiting. No doubt we will all get a suprise one morning with an RNS telling us whats happening, lets hope it's this year.
Well they have issued more RNS's last year, as they actually have something to shout about. So it is possible if they have had a good quater they would release an RNS. Though without an update from ZCI regarding the strategic review it probably won't make any difference. I take everybody's postings with a pinch of salt. But if someone posts a specific timescale, I give them the benefit of the doubt until the timeline passes. Which it now has. Will they be having a party to celebrate the first birthday of the strategic review?
Still waiting for the production figures.
probably true, but as yet we don't have any production update
I would say I have had the patience of a saint, so far with this share. The Strategic Review is nearly a year old, with no worthwile update regarding it since.
Believe it not production is actually going realy well, production record after production record, doing about 950 mt a month, but with further increases in the piple line. They have chucked the load of money at it already, and it is now starting to deliver. As you can see the sp has responded accordingly, and dropped like a stone. The talk is another production update due out, but this is not confirmed. Personally I blame this on ZCI's strategic review, looks like they are looking to sell all or part of thier stake. All in all, ACU doing great, sp doing dire.
This week?
I agree with you 100%. Though to realise any meaningfull return in the near term I think only a sale, but we live in hope. zcifan, any news of the production update?
I hope we don't get shafted, you would think if ZCI where going to do that, they would have done it by now. regarding capital increase, this should have no bearing, as the current sp should take into acount all debt. Look at WTI, they produce way less than us, and have recently agreed an $80m loan for development, yet they are valued at nearly £30m, yet we are now valued at £11m. I suspect that ZCI's strategic review has sapped what little confidence the market has in ACU, any weakness in the current market is punished viciously. Though when it turns it can be quick, look at AGL went from 29p to 90p in a day and a half. Lets hope for the right result for us all. GLA
Apologies for some of the shocking spelling in my last post.
There are a number of possibilites why this has dragged out so long. Personally I don't believe the business being unattractive is one of them. You only have to look at production figures to see ACU has turned the corner, and are actually starting to deliver, they also have other areas to mine that supposidly contain 'three world class mineral deposits' The strategic review has been devistating to the ACU share price in my opinion, and stopped any rises on the back of a number of production records. The time taken to carry out the strategic review could be caused by them waiting for production to increase, so they get a better price. It could be caused by ZCI wanting to only sell a part of ACU, and not offering a good enough deal. Or it could be due to incompetence of ZCI and their advisers. Like you I don't know, but look at the prices Copper mines have gone for in the last year, and I would hope ACU should go for a bare minimum of $200m, but it is out of our hands. Apparantly production figures for the three months to Dec are due out, I wouldn't have thought they would put them out if there where not good. Though I doubt it will have much impact on the sp,but you never know I am in till the end now, and hopefull of better times ahead. GLA
I'm sure the production figures will be very good, however I fear while the strategic review is ongoing it will have little impact on the sp. Using the historical sp this hsould be 10p now with all the good news they have had in the last six months. But the market does not like uncertainty, and we are paying the price.
So ZCI goes up 30% (since fallen back a little) ACI in Botswana goes up 20% And we don't move an inch. Hopefully a few signs that things may spring to life
Certainly looks like something is afoot wiht ZCI, letts see how it affects ACU
Lets hope that the ACU sp follows in its wake.