African Copper Share Discussion Threads

[p1ncer] 23/5/2012 23:16

"With global demand for copper expected to outstrip supply, and the price of the red metal down from its highs of nearly $4 earlier this year, now may be a good time to move aggressively in the market. There are already signs that copper producers both large and small plan to forge new alliances and press ahead with buyouts in anticipation of greater demand."

[p1ncer] 22/5/2012 15:39

135tph works out at 97k tonnes per month. as opposed to 72,829 tonnes in March, which was their record month for production.

So looks like they are continuing to increase production levels, which bodes very well indeed.

Even more so when you consider the following "so that they can maintain their equipment in preparation for higher productivity when the Mill restarts."

ACU sale or not, looks like things are actually starting to look quite positive for ACU (At last)

Though these are very quick calcs, if any thinks differant please feel free to correct me

[p1ncer] 22/5/2012 09:03

This will not affect any ACU sale price, as it will be fixed in a couple of weeks, and whoever buy's ACU will be looking to the long term not a short term breakage.

We continue to wait on the stategic review, I do wish RMB would pull their finger out.

[lesteague] 22/5/2012 08:38

I concur, not a major problem.

[p1ncer] 22/5/2012 08:21

I think ACU have actually been quite lucky.

It was due for replacement in early June 2012 anyway, with a replacement ordered ten months earlier.

Things break, and the Mill will be out of operation for a couple of weeks.

Not exactly earth shattering stuff.

Though the markets will punish any bad news.

The sale process is still on going.

[lesteague] 22/5/2012 08:08

Trouble at mill

[p1ncer] 17/5/2012 09:24

Outsourcer,

I agree it would be nice to have more info, but at this point the only thing that really matters is the price that ACU is sold for.

And for that we just have to sit tight and wait unfortuantly

[outsourcer] 17/5/2012 08:02

P1ncer, but I dont think ACU have even said there are interested parties, just that they are looking to sell

[p1ncer] 16/5/2012 12:34

Outsourcer,

From the Ivanhoe article

"The sources declined to be identified as the talks are confidential.
Anglo American officials declined comment and officials at OZ Minerals, Aditya Birla Group and Vedanta could not immediately be reached for comment."

Not just us keeping it all under wraps.

[outsourcer] 16/5/2012 11:07

P1ncer, it would be nice to get something from ACU to say they actually have interested parties, because I don't think they have said that yet ?

[p1ncer] 16/5/2012 10:25

"Gold and copper miner Ivanhoe Australia Ltd has received interest from up to eight bidders for stakes in its projects"

"Ivanhoe Australia, with a market value of A$553 million ($551.92 million), appointed UBS AG in January to advise it stake sales in four projects, aiming to complete a deal by mid-year"

Cetainly looks like there is still interest in aquiring mining assets, with up to eight bidders.

"With preliminary interest seen from Anglo American Plc, OZ Minerals Ltd, Vedanta Group and Indian conglomerate Aditya Birla Group." No doubt some Chinese interest also.

They expect it to take six months, so it is clearly not a quick process, we are three months into our strategic review, which could be quicker, could be longer, who knows.

[p1ncer] 16/5/2012 10:01

Nothing is looking good at the moment, though LME copper stocks continue to fall, which is possibly a better longer term indicator.

Though the Chinese won't be to bothered about current prices, they buy for the longer term.
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International copper prices, while subject to sharp volatility, will remain strong in 2012 as per the chief financial officer of Chilean state copper giant Codelco. Corporacion Nacional del Cobre de Chile, or Codelco, is the world's largest copper mining company with an annual output of around 1.7 million metric tons.

They are still optimistic for copper prices in the longer term and said that most of the volatility the red metal is seeing is in reaction to developments in Europe.

The company also reiterated Codelco's view that copper market fundamentals remain solid, with demand for the industrial metal outpacing supply.
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Though not a good time to be in shares generally, if ACU where not about to be sold, I wouldn't be in anything.

[lesteague] 16/5/2012 08:56

Nor are silver & gold.

Weren't ACU suppose to be in the process of being sold? I haven't seen much on this.

[outsourcer] 16/5/2012 08:42

copper prices are not looking good

[lesteague] 11/5/2012 20:14

This looks to have made some small steps forward this week. Hopefully it will continue next week

[p1ncer] 07/5/2012 22:58

ZCI up today, be interesting to see if we follow tomorrow.

[p1ncer] 03/5/2012 16:08

Outsourcer, 147m is a lot of shares but not in monetary terms.

£2.5k will buy you 100.000 shares.

If there is a decent offer, there will be a scramble for the shares.

Though other than ZCI, Brad Kipp, I don't know who any other shareholders are.

It is all imaterial now, ACU will go for whatever price ZCI and the buyer agree's.

Lets hope it is an embarrassingly large number.

[outsourcer] 03/5/2012 15:38

P1ncer, do we know who the major shareholders are, out of the 929M in issue ZCI hold 782M and Brad Kipp 300,000, that leave around 147M, which is still a big free float

[p1ncer] 03/5/2012 15:08

I wouldn't call it serious buying, nore the kind of buying done by someone in the know.

60k here, 50k there, 100k here, trying to build up a pot of shares without being noticed.

However because there is so little traded, and because there is so few shares in free flow, it is very difficult for whoever it is to disguise.

[lesteague] 03/5/2012 14:50

Some serious buying volumes being brought over the last few days, somethinghas to be going on.

[lesteague] 03/5/2012 14:46

Some serious buying volumes being brought over the last few days, somethinghas to be going on.

[p1ncer] 03/5/2012 13:56

Another 50k trade gone through, looks like something is afoot.

[lesteague] 03/5/2012 13:55

P1ncer/OutSourcer, what is the process when a company is brought out, in terms of the share holders receiving xxp per share back into their trading account? Either of you know?