African Copper Share Discussion Threads

[p1ncer] 30/6/2011 16:53

Tha market is not the most rational of beasts.

ACU have revenues of $24m and rising, I know companies on the AIM that have revenues of $0.24 that are valued higher.

You can't really blame the company, fortuantly i don't need the money, so am happy to sit and wait, as you say, if it hits 2p I will top up again.

[p1ncer] 30/6/2011 09:58

outsourcer,

it dooesn't concern me at all, they have had issues which they are addressing and production is increasing.

Firstly that my over all opinion that ACU will be 15p+ has been completely confirmed.

They have revenues of $24m, which once the improvements to mining opperations have been concluded will increase considerably. As production goes up, relative costs come down, I would hope for anywhere between 1000 and 1500 tonnes per month, so roughly double to treble revenue at the moment. $50m to $75m. Though if the figures are higher than this taking into assuming they resolve issues with Thakuda ore it could be higher again.

So ACU is no longer a mickey mouse company, they are a producer, with what appear to be very exciting oppertunities of further exploration.

These things don't happen overnight.

You have been here long enough, surely you can see the progress they have made, and the potential here.

[outsourcer] 30/6/2011 09:19

is it just me or is anyone else concerned that nearly 2 years since the mines reopened, they still aren't operating at full capacity , surely with copper prices as they are this is a must.

[outsourcer] 28/6/2011 08:18

and back down again it goes

[p1ncer] 24/6/2011 10:05

Seems to be a very possitive RNS, for the most unloved share on the AIM.

With the results due in the next week, they should give us an idea of how things are progressing.

Say what you like about ZCI but they have put there money where their mouth is.

They obviously see the potential in ACU, and who doesn't.

certainly when you compare them with other major shareholders of AIM stocks they are a paragon of virtue.

I have stated previously this will be 15p plus at some stage, and that doesn't take into account todays RNS.

I await next weeks news with anticipation and am happy to sit on my holding, and enjoy the ride.

[feethak2] 24/6/2011 09:08

I must say it's all very quiet on a very possitive RNS.

Those who criticise ACU and ZCI, things are moving forward, maybe not as fast as some would like, but thats the way it goes sometime.

They have plenty of copper in the ground, and are now getting it out in increasing amounts, now looks like there might be some gold in them there hills.

At these prices an absolute bargain

[outsourcer] 17/6/2011 11:58

down again £20K paper loss now on this pile of sh@t, 6 months ago we were 6p, copper prices are strong and still they cannot get their fu@king act together

[outsourcer] 16/6/2011 12:06

looks like we are going to be stuck in this sh@t for at least another 6 months until the next update on production figures

[outsourcer] 19/5/2011 08:25

and down the share price goes

[anusol] 13/5/2011 13:33

Just looking at the trades... someone seems to be hoovering up in 48k chunks at 4.1p
Wonder if there is finally some good news round the corner. Despite my criticism, still think there is value here once the next set of figures are announced.

[anusol] 11/5/2011 10:22

Is my screen upside down?
the chart appears to be heading UPWARDS - surely thats a mistake?

[outsourcer] 05/5/2011 09:12

this isn't looking good

[anusol] 18/4/2011 07:05

That RNS today just about sums up this company. These clowns can't even work out how to use a calculator Ffs!

[anusol] 25/3/2011 08:14

What a p1ss poor little pile of sh1te this company is....

[devil20] 18/3/2011 21:25

OUTSOURCER. How are you doing? Just thought I'd pop in to see if this dog had made any ground! Not a chance. You may recall I got out a while back but I'm equally stuck in URA which I've had almost as long as I had this. Sometimes it pays to cut some losses. I've done well out of RRL lately and I'm now into SOU, one which may do very nicely. Hope this turns the corner for you if you stay here.

[outsourcer] 14/3/2011 12:56

the price as low as it is seems to be holding up a lot better than WTI has, which has been falling over the last couple of weeks.

[anusol] 14/3/2011 10:06

Disappointing that we've had no Q4 update - last year they gave us Q4 figures on 16th Febm prior to waiting 1st April annual accounts. So does this mean they are scrabbling around for some good news to mop up the bad on 1st April?
Guess we'll hear nothing now until 2 weeks on Friday.....

[outsourcer] 10/3/2011 08:41

copper prices are taking a hammering

[outsourcer] 02/3/2011 17:03

2M shares traded and not a movement in the price