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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| African Copper | ACU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.055 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.055 | 0.055 |
| Top Posts |
|---|
Posted at 13/11/2013 14:39 by smythy4 ACU is looking increasingly grim. Pointless hanging on in here with SO many other stocks taking off on AIM and money being made hand over fist.FML looks about to take off...overdue financial & op update due, & ex CEO forecasting mkt cap to increase by factor of 8 by end of next year! Buy FML ..update any day... |
Posted at 07/5/2013 15:06 by serge gnabry maybe the chinese have found a buyer. in any case I think copper is making a bottom and will be in a raging bull market in the next couple of months so a lot more upside to come in ACU and other copper stocks imo. |
Posted at 29/4/2013 11:49 by outsourcer this is starting to look very bad now, no production update yet for the March 2013 quarter, share price at all time low, ZCI couldn't find an interested purchase.Where does the ACU go from here, if ZCI pull support we are dead in the water, but is it in their interest to do so considering the money owed to them, could they convert the loans to share and take the whole privately effectively killing off any chance of return for us PI's. They seem to have got production levels at a decent level, although a suspect that the lack of update for March may mean that something is now going amiss. |
Posted at 24/1/2013 08:33 by fruiticus 24 January 2013African Copper Plc (AIM: ACU, BSE: African Copper) African Copper production report for the third quarter of fiscal 2013 Production up 47% year on year African Copper Plc ("African Copper" or the "Company"), announces production figures for the third quarter of fiscal 2013 from its 100% owned operating mines in Botswana. For the third quarter of fiscal 2013, the Company produced 2,577 Mt of copper in concentrate. Third Quarter Production Highlights · Ore processed of 215,383 Mt; 28% increase over prior year's Q3 · Copper recovery of 69.8%; 20% increase over prior year's Q3 · Copper produced in concentrate of 2,577 Mt; 47% increase over prior year's Q3 Mr Jordan Soko, Acting Chief Executive of African Copper, said, "The Company is on track to achieve record copper production in fiscal 2013. Our operations teams continue to successfully execute our mine plans and have done a great job to increase throughput, efficiencies and plant utilization. The focus now is to exceed these levels as we move into increasing proportions of sulphide ore at Thakadu and to prove up additional resources from our strong portfolio of appraisal and exploration prospects." All of the ore processed at the Mowana facilities during the last three quarters was sourced from the higher grade Thakadu Mine. Ore processed in the third quarter and concentrate produced were slightly lower than the second quarter as a result of mining a lower grade split orebody from the western end of the Thakadu pit in the third quarter. Copper recovery at the plant has continued to benefit from the increasing proportion of sulphide ore. In the three months reported below, the proportion of sulphide ore processed increased from 43% of the total in October, to 70% in November and 86% in December. Trucking operations from Thakadu to the Mowana Mine processing facilities, a distance of 70km, ran to plan throughout the quarter. Production levels for the three months ended 31 December 2012 are set out below: Description October 2012 November 2012 December 2012 Total Q3 2012/ 2013 Total Q2 2012/ 2013 Total Q1 2012/ 2013 Ore processed (Mt) 76,544 58,983 79,855 215,383 250,005 171,908 Cu grade (%) 2.18 1.78 1.22 1.71 1.82 1.91 Recovery (%) 54.9 69.6 95.5 69.8 63.4 49 Concentrate produced (Mt) 4,322 3,287 4,220 11,829 13,810 6,888 Copper produced in concentrate (Mt) 916 730 931 2,577 2,882 1,609 Totals for the Third Quarter Ended 31 December 2012 in comparison with prior periods are presented as follows: Description 3Q 2012/13 3Q 2011/12 FY 2011/12 Ore processed (Mt) 637,296 561,256 738,921 Cu grade (%) 1.81 1.89 1.93 Recovery (%) 61.3 49.3 48.4 Concentrate produced (Mt) 32,526 23,210 31,027 Copper produced in concentrate (Mt) 7,067 5,234 6,910 * Production during the first quarter ended 30 June 2012 was adversely affected by the failure of the mill pinion shaft which caused production to be shut down for 15 days. As previously announced, the introduction of an increasing proportion of sulphide ore has brought flotation stability and improved recovery, evidenced by the December 2012 flotation recovery of 95.5%, and has also resulted in the reduction of costs due to curtailed usage of high cost flotation reagents. Improved plant efficiency continued through the quarter, principally from the Larox filter plant which increased filtration capacity and reduced moisture content. The main mining contract at Thakadu mine, which is due to expire on 31 March 2013, is currently under review and being renegotiated. Pursuant to this, certain mining equipment has been demobilised. In the interim, mining operations continue with both the existing main contractor and a second Thakadu mining contractor who has been on-site since mining commenced at Thakadu. As a short term measure, management is also looking at equipment hire or short term contracts to augment mining volumes. As a result of the negotiations around the mining contract, the Company is expecting that less volume will be mined from Thakadu until additional equipment is delivered and the mining contract review finalised. The reduction in mining volumes is likely to result in lower mining costs. Any impact on ore delivery during a possible transition phase will be mitigated by the use of oxide ore stockpiles situated at Thakadu and Mowana Mines but the use of reagents to treat the oxide ore will increase treatment costs, reducing the benefit of the lower mining costs. The technical information in this announcement has been reviewed and approved by David De'Ath, BSc (Hons), MSc, GDE-Mining, MIMM and MAusIMM, the Company's Manager, Geology, of the Mowana Mine for the purposes of the current Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in June 2009. Basically positive but still no real news................ |
Posted at 22/12/2012 15:57 by lesteague What was the share price when ZCI brought into ACU. I can't see them releasing stock until the share price has recovered slightly - keep in mind Acu's last production update was pretty impressive compared to the production figures for the whole of 2012.. |
Posted at 10/12/2012 09:29 by serge gnabry are ACU still going to be disposed off by the majority shareholder? |
Posted at 30/11/2012 12:13 by lesteague PI's must be expecting an update from ACU during december, surely ACU have some positive news to share with the market. |
Posted at 17/10/2012 08:44 by p1ncer Discovery Metals' The Boseto Copper Project (100% owned) is designed to produce an average of approximately 36,000 tonnes copper and 1.1 million ounces silver per annum in concentrate from 3 million tonnes per year ACU already mining 950mt per month and 125,477 ounces of silver in the last financial year. If I remember ACU where looking for between 20k and 30k mt p/a .Plus they also have other prospecting zones Both opperate in botswana, DML recently tunred down an $830m bid. Not always easy to compare like for like, but even at a give away price $200m looks somewhat ridiculous in comparision. Surely this strategic review cannot continue indefinately, Lets hope we can get some idea of what we are actually worth. Sometime before the next ice age would be nice |
Posted at 03/10/2012 15:53 by lesteague I feel the same. ACU currently feels like it's stuck in dead water. Something needs to happen in order to get it going, ZCI sell out, a chinese/indian company buys it or ACU update their JORC resource statement. Production is certainly up which is a good sign, perhaps potential investors are watching to see the next quarter report to see if the higher recoveries are not just a one off! |
Posted at 01/3/2012 14:48 by feethak2 The share price could well go back up to 4p as people buy before ACU is sold.it went to 4p on the back of the Glencore and Xstrata merger anouncement. If we do get to 4p then an 8p sale price is entirely feasible. mildred "If the mine was operating as expected they'd be earning an equivalent dividend yield of 20%/30%/40%/50%" Actually you have hit the nail on the head there, and why I invested here in the first place, the potential revenue stream from ACU is huge. ZCI have spent a lot of time effort and money taking us this far, which is not a million miles away from turning a profit, and when the profits start rolling, they should be 20%/30%/40%/50% (or more!) of current market cap. Which makes me very interested in what ZCI will get for ACU, if there is any justice in this world, then 8p should be the minimum. Surely the Chinese amongst others would be very keen to get their hands on a company like ACU. We will all find out in the not to distant future. GLA |
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