African Aura Share Discussion Threads

[horneblower] 11/4/2011 18:03

Oh dear. Somebody tell him.

[knight176] 11/4/2011 17:54

whats happening with this company i still got a loss showing from friday i thought this would have been updated on the portfolio

[hero2] 11/4/2011 17:54

well,I had no idea...

[parthus] 11/4/2011 17:18

Deltrotter ! It's somewhat churlish of you to refer to me as " the previous poster" when all and sundry are aware that we are first cousins !!

[parthus] 11/4/2011 16:31

Is this the same as a "kefi" imminent ??!!!!!!!

[horneblower] 11/4/2011 16:27

In the meantime, gather ye rosebuds while ye may.

[deltrotter] 11/4/2011 15:51

Just spoke to the company and got the same message as previous poster. TSX sent something out in a bulletin that had an error in it. They need to reissue the bulleting and then trading will resume.

Bulletin reissue should be imminent...

[parthus] 11/4/2011 15:05

I agree .. I don't see any announcement either...

[j1nxed] 11/4/2011 14:55

i see no lift on the trading halt in canada

[cupra kid] 11/4/2011 14:54

That's not a bad sized piggy bank you have there gold rush ;-)

[goldrush] 11/4/2011 14:47

Thanks for the great posts over the week end and today.

Raided the piggy bank and topped up with 10k @189.3 just now which I consider to be a great price....Let's see where we are in a years time....

Good luck to all.

g

[deltrotter] 11/4/2011 14:44

Lets see what happens now:

[arf dysg] 11/4/2011 14:14

MaxCashflow (9001) "Evo use the term 'geologically weighted'."


We should suggest to them that they use "geograpically weighted", i.e. it's close to a railway line. That would give us a bigger factor. :)

[franciso1] 11/4/2011 14:13

Agree with you j1nxed
Discount rate of 12,5% is high and give more confidence on NPV

[j1nxed] 11/4/2011 14:09

@franciso1

the CAPEX part is usually not the variable that affects the NPV the most, it's not uncommon to see a +-20% in Revenue/OPEX effect the NPV more than a +-40% increase in the CAPEX. I reckon the NPV would be a tad higher for nkout because it would have better margins due to the high FE content, while a 100% owned putu would have a higher NPV than nkout simply because they don't have to give the government a 10% free carry trade and they aim for a cost of around $40/t since they would probably own the railway

[longsight] 11/4/2011 13:25

francisco - thank you. Excellent info to think about:

Sundance NPV of US$4.3bn at 12.5% disc rate.

Affrero current m cap US$280m.

[franciso1] 11/4/2011 13:07

Look at Sundance NPV for Cameroon (+4b$ at 12.5% discount rate)


You must add the cost of port and railway to the 4B$
And add 40% of 4 b$ for Putu
But it is more because only 100Km of railway
Sommary
NPV 4b$ plus port and railways 2,5 b$ = 6,5 B$
Plus Putu
40% X 4 B$ = 1,6 B$ plus Railway economy only 100Km(2 B$ for sundance for 500km)

[donska] 11/4/2011 12:30

A brief mention in the FT

[j1nxed] 11/4/2011 12:22

@MaxCashflow

that just means they're taking using the total amount of ore and multiplying it by the grade to get a 100% iron resource. My numbers are simply resource that is JORCed and does not come form extending the pit shell on any of their assets

[allstar_07] 11/4/2011 12:20

Risk multiple of 2 then.

[nomunnofun] 11/4/2011 12:16

Interesting though curt3 - would be nice if Pan African and Cluff market caps were similar to the gold side at AUE.

[maxcashflow] 11/4/2011 12:14

Evo use the term 'geologically weighted'. I'd bet that they apply a discount to ore that is deep, or in poor geological positions, and only give the 100% factor to ore that is more likely to be cheaply extractable.