Member Info for profitseeker

a low for the day of 1.5p! quite amazing really. the way this keeps drifting down we will be approaching the prices reached last year when agu was seemingly dead in the water. All things considered this is getting a bit silly now.

Well, what a week its been for us all! Having read some interesting posts, and also having made contact myself with agu this week I have now reached my conclusion. In my opinion I don't think we have anything to worry about. At these levels they are a superb buy with alot of potential upside. I have held these for a couple of years, and have continuously topped up and have averaged down to not far off the current price. If I had spare funds available I would definitely go in again. You may get in now and make a quick profit, but the call has to be to buy, hold and stick them away for 18 months.

ok, well another positive is as the ice caps melt further we will have a direct shipping channel to China.

I think we need either the fox davies note to come out or a fresh statement from Mr Hall addressing the issues shareholders have raised and hopefully we may get a bit of relief in the share price.

I have a feeling in my water that these have bottomed. may of course be the pint of real ale i am enjoying though! But realistically, do you think that owning 30% of agu under the terms of the deal will be good enough? and also do you see any possibility of a massive consolidation in the future to wipe out us private investors?

I have just done as you suggested. My fingers are now aching with all that typing! I have put a few of my main points to them, so if I get a reply, it should make quite interesting reading. By the way, I wouldn't query the information you put out. I think I knows the genuine ones on here! If I get a pleasant surprise with the reply I may do a fireheart and top up at the 2p levels! Hope its not sub 2p though

Loftya thats a fair point. I think i'll compose a list of my concerns and try my luck with them. Who did you actually email? I guess they have been bombarded with emails the last couple of days! As a holder of these for a very long time I just feel the whole thing may end as an anticlimax for us with cyrus, who I appreciate have put the money down, walking away with the lot.

i have re-read the prospects on agu and taken into account the off-take agreement, appreciate that a drop from 3p to 2p isnt the end of the world. But, 70% of everything will no longer belong to agu. Also someone on iii questioned whether cyrus, further down the line could instigate a massive consolidation of shares and wipe the private investor completely away.

Now the dust has settled and we have all had a little time to reflect on yesterdays announcement, just wondered if anyone has any thoughts on the following: is giving up 70% of the company to cyrus really the best we could have done? Was it the ONLY option? Was there absolutely no way we could have sold off all other company assets, got the lesser financing for the gold project, and delay bam a bit longer until the credit crunch lessens more and the gold mine is bringing in capital. Could we in no way obtain a better deal by waiting, or are things so absolutely dire at the company that it really is this or we go bust? I pose these questions as the way I see it agu still has to seek shareholder approval for this plan. I am also waiting to see the Fox Davies take on this and what future it sees for shareholders. I still believe that the potential for the entire greenland mining projects are so very large, but are we just giving everything away to cyrus and lining the directors pockets a little longer? I personally have little faith in the agu board

does anyone know what the 45% stake in xtract is worth to cambrian. xtract seems to be on the up lately and it was said that cambrian some time ago intended to give the stake out to cbm shareholders.

fireheart, was the dilution alot more than you anticipated? I have not long got back home and after reading the rns, had a brief scan of earlier posts. As said, I think agu will do very well long term, but just how much will we now all gain from it i'm not sure. I assume they are going to stay part of your 5-10 year plan, just a question of how big a part they play?

I feel that the rns at the start of the year, which brought about a 400% rise, attracted people into the share that just did not have a proper grasp on how this company has been run over the last few years and the financial difficulties it was in. I personally had practically written off my investment at the backend of last year as a lesson learned. AGU always seemed to have great ideas but has struggled with reality when it comes to following things through. I am concerned with the dilution, but lets face it there was really no other option. I don't totally get my head round all the benefits of a 1 for 10 either. Without doubt though, things are now in place for angus and ross to be a major force of the future. The potential that greenland offers, and make no mistake the greenland government will be fully supportive of agu, is absolutely massive. How much we will now benefit I am not sure. So where does that all leave us? Well I for one have a sizeable holding and will certainly be holding on for at least the next couple of years. If someone can convince me that the dilution isn't insurmountable then that would be a relief. Also am I right in thinking that with 70% of shares owned by the partnering company, assuming they hold onto them, then shares may be in short supply if demand is strong? Good luck to all who stay aboard, I think i'll tuck these away and return to this board when next years icecaps have melted a little more!

the problem you have if you come out of these for the short term because of the technicals, is that if the rns comes out satisfactory you will have very little chance of getting back in here at under 4.5p imo. i reckon that if these continue to drop for all of this week then there is a major problem with the financing news. everyone concerned knows that work needs to start asap because of the weather factors in greenland, so I believe its this week or we are in trouble. On a brighter note, its nice to see that zinc price creeping up and having earlier read a fox davies report on agu, the gold mine acquisition is doing agu alot of favours with the greenland government which bodes very well for the future. fingers crossed shes a comin

a glenmorangie would go down nicely. cheers

lets hope so. now either get to bed or crack open a bottle!

when i saw the heading "at risk" i opened the link thinking you had discovered some catastrophe that was unfolding at agu! please don't do that, all of our nerves are on edge as it is! lets hope some positives come out next week.

what are you refering to? the link i am getting is just the issuing of shares a week ago. is there something else?

I think you are right. I have been reading some posts on the iii site saying may 31st was the pivotal date. I think it was read as 90 days from when the loan was forwarded. After just having a close read of the text and some other notes of the loan agreement, it is clear that the 90 days comes into effect only after notification of the failure to merge with wtn. I am confident that the 90 issue wont be applicable anyway as wtn have stated that they want to expand their portfolio. sorry for any confusion. do you think the merger will go ahead bearing in mind the lag in the cbm share price? if it does then these are a cracking buy at this price

Cambrian Mining Plc Confirmed Loan Facility London, 22 January 2009: Cambrian Mining Plc ("Cambrian" or the "Company" or the Cambrian Group") is pleased to provide investors with the following update on the conditional loan facility ("the Loan" or "the Loan Agreement"), as announced on 2 January 2009. On 21 January 2009, the total sum of US$36 million was advanced to Cambrian Investment Holdings Limited ("CIH" or "the Borrower"), a wholly-owned subsidiary of Cambrian, by Western Canadian Coal Corp. ("Western" or "the Lender") following confirmation that the conditions contained within the Loan Agreement have been met to the Lender's satisfaction. The proceeds of the Loan have been used to repay in full CIH's revolving credit and term loan facility with Investec Bank (UK) Limited. The Loan shall accrue interest at a rate of 12% per annum until repayment and shall become payable in full on the earlier of: (i) 90 days after the delivery of a written notice from the Lender to the Borrower that Western has failed to obtain the necessary approvals of its shareholders for the recently announced merger discussions between Cambrian and Western (further details of which are set out in the announcement released on 24 December 2008); or (ii) 31 December 2009. In addition, under the terms of the Loan Agreement, the amount repayable under the Loan has been reduc

wtn at last has a positive days trading on the tsx. I wonder if next week will see an update on the cbm position. anyone any thoughts on the May 31st loan position?