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http://www.investegate.co.uk/Article.aspx?id=201011051243467129V
Assessment Central Asia Metals has an attractive mix of projects at various stages of development. If all goes to plan the low risk, fully funded Kounrad asset should be cash flow positive by 2012, with broker Mirabaud expecting free cash flow of $30 million per annum when the plant is operating at full capacity. The long-term plans to double production make the asset look even more valuable. The company's low operating costs are attractive, as are the prospects for copper. Currently trading at $8,237.5 a tonne ($3.74 a pound) many analysts are forecasting $9,000 by the end of the year and up to $10,000 in the medium term as demand is driven by the resource-hungry Chinese. The firm also has the advantage of being located close to the Chinese markets - the world's largest consumer of copper. With the company currently trading at a significant discount to the NAV of its share in the Kounrad project - assuming copper at just $3 a pound, well below the current price - we believe the shares look good value, especially considering that all the other assets are thrown in for free. Buy.
does this company actually do anything????
tree shake?? must be on good news
great news about production levels...this should be on the up with plenty of buys????? Mr. Ian Rozier, President and CEO of Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats") is pleased to report record production from the Crocodile River Mine ("CRM") for the third quarter ended September 30, 2010. CRM produced a quarterly record of 37,798 PGM ounces, up 23% compared to the quarter ended June 30, 2010 ("Q2 2010") and up 26% compared to the third quarter of 2009.
buy buy buy.....good to see, especially when nobody is talking about it !!
sorry for no reply mate, didnt come back to this yesterday. I'm suprised the sp didnt go up again. a find of 1million ounces is good news for sure, followed by an independant market analysis, but it seems to have gone very quiet here now. got some buys going on but nothing substantial. I think share baffle us all at times, but I'm just going to hang on and see where this goes, because I can only imagine it will go one way
I got the same info by email. Take into account the potential uplift here, I think their estimate could be slightly conservative, but time will tell
so they have disvovered what they believe to be over 1 million oz gold, as well as their previous 1 million oz discover......so why a market cap of £20mil, when gold is so expensive right now????
Allied Gold Limited's 100% owned Simberi gold mine in Papua New Guinea produced 18,000 ounces in the September quarter in line with guidance. Mill throughput at Simberi is running at 2.2 million tonnes per annum with 560,000 tonnes processed in the September quarter at a grade of 1.09 g/t and recoveries at 91.3 percent. Simberi's total cash cost for the quarter is expected to be approximately US$660 per ounce, but is subject to inventory adjustments and final review in the coming week. Full details of Simberi's production performance will be available as part of the company's quarterly activities report due in mid-October. Allied anticipates a similar performance in the December quarter before an expansion of the oxide processing towards 100,000 ounces per annum starts to take effect from mid-2011. Refurbishment and construction activities at the fully-funded 120,000 ozpa Gold Ridge mine in the Solomon Islands continues to progress well. The US$135 million development is on time and on budget for first gold by March 2011, taking annualised gold production to 200,000 ounces across the group. As at 1 October 2010 Allied's cash at bank stood at US$64 million.
you'd think so going by the info they released, but with a drop of 34% today, I would guess that will have to be doubtful....sounds too good to be true to me!...but in fairness, I have done a bit of rooting around today and don't have the answer
Is this share now ex-div and is that why the price has dropped?? On 4 May 2010 the Company announced that it intended to return £10 million of surplus cash to shareholders. Harvard now announces that it intends to return the surplus cash to shareholders via a 20 pence per share special dividend. A resolution to approve the special dividend will be proposed at the Company's AGM on 23 September 2010. Assuming that the resolution is passed it is intended that the special dividend will be paid on 15th October 2010 to shareholders on the register on 1st October 2010.
the interim results were positive all round and the company has gone from a previous loss to being in profit again, so it would surely make sense that the value of the company should be higher?? unless I'm missing an obvious point. A bit frustrating watching it drop again today.....the joys of the game I suppose!!
drop of 13% with a spread of 20%. one face of it, it looks like a mistake getting in. I came in at about 21, but I'm going to hold because such a large drop really doen't make sense to me and I'm hoping to see it bounce back....time will tell I guess.
does anyone have any idea why this is nosediving again after good news yesterday???
One of the directors has just bought approx £440,000 worth of shares in this....what does that tell you?? http://www.investegate.co.uk/Article.aspx?id=201009011252139727R