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AIN Arcon Int.

28.95
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arcon Int. LSE:AIN London Ordinary Share IE00B01H3229 EUR0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 28.95 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Arcon Int. Share Discussion Threads

Showing 1076 to 1099 of 1400 messages
Chat Pages: Latest  44  43  42  41  40  39  38  37  36  35  34  33  Older
DateSubjectAuthorDiscuss
18/2/2005
12:17
Joined the party - not easy to get stock and moving fast - some delayed trades still out there.

Hypo - poor ramping - this better perform better then NMS :-)

britishbear
18/2/2005
12:06
Can't trade it via TDW... It won't surprise me if it rises significantly soon...
wole
18/2/2005
12:03
What's the story here, did this really go to £2 + and why the sudden drop ?
goldstar
18/2/2005
11:50
Up 13% on 65k shares traded......
what will happen when it's trading at 1-3 million.....
Big trading days at 3-5p pre consolidation were 15-20 million
per day!!!
Mind you.....judging by the irish Police force's efforts today....
it wont be hot money either!!!

hypocrite
18/2/2005
10:51
50p.......nah....thats history!
garbut
18/2/2005
10:50
Thats exactly the research I came up with last week and posted on here. That Davy bloke has been copying my homework. :-)))))

Robin

robinbell
18/2/2005
10:50
And all those historical losses which
are deductable for (I think) SEVEN years?????

hypocrite
18/2/2005
10:40
LOL Hypocrite.......I,too,have waited a long,long time for this!
garbut
18/2/2005
10:29
The price range 2.8p to 4.0p are Arcon's historical LOW's...
Consolidation last July...
multiply by 10 to come to the price today!!!

hypocrite
18/2/2005
10:25
Arcon (AIN ID)......
Previous close: 47c
Zinc at seven year high

job.langbroek@davy.ie
18th February 2005

• The very strong half-year results of Zinefex, the large Australian zinc miner, formerly known as Pasminco, show how the
world has changed for zinc producers.
• Zinc prices are trading at over $1,300 per tonne, a seven year peak. This is very good news for Arcon, especially as, so far
at least, the dollar has not traded as badly against the euro as was earlier expected.
• If Arcon achieves the targeted production levels in 2005 and zinc stays at current levels, 2005 will be a bumper year for the
Irish zinc miner. We are forecasting PBT of €16.5m, a figure that should be comfortably exceeded if zinc prices stay at current
levels.

hypocrite
18/2/2005
10:23
That report was last year....
Now wait for Davy's Stockbrokers comments this morning!!!

hypocrite
18/2/2005
10:23
Hypocrite - 16 Feb'05 - 09:16 - 491 of 924 edit


: On this basis, Arcon's shares
: are standing an a prospective 0.9
: cent earnings per share and at
: the current share price of 3.5
: cent are trading on a prospective
: 4 p/e multiple. The egm on July
: 19 should help to confirm this
: which, given that the shares are
: also a zinc play, makes Arcon
: shares a bargain buy at 3.5 cent.
:

hypocrite
18/2/2005
10:22
Hypocrite - 16 Feb'05 - 09:16 - 490 of 924 edit


: ZINC PRICE RISE
: Even assuming the cartel ripoff
: remains unchanged, this
: would increase Arcon's revenue
: by €11m and with the zinc price
: already ahead this year by slightly
: over €50 a tonne to €800 a
: tonne, this should add a further
: €7m revenue.
: Thus Arcon would be pushed
: into €12m profit even without
: any further increase in the price
: of zinc this year. This shows the
: significance of even a small zinc
: price rise.

hypocrite
18/2/2005
10:22
: SHORT-CHANGED
: According to Arcon itself, the
: average zinc price ran at €747
: per tonne last year and gross
: revenue should have come to
: €56m but the gross value of this
: metal only came to €45m as the
: company was short-changed by
: 23% by the European zinc cartel.
: the overall extraction rate to
: 750,000 tonnes, this means that
: Arcon should produce 105,000
: tonnes of zinc this year. On top
: of this, 30,000 tonnes of lead will
: be produced, representing a 50%
: increase in metal content
: compared with last year.

hypocrite
18/2/2005
10:19
: Two years ago Arcon's
: finances were totally
: restructured when O'Reilly
: bought the banks' €100m loan
: off them for €20m. At the same
: time O'Reilly underwrote a
: €25m rights issue which put the
: company back into net cash. The
: loss was such, however, that net
: debts began to mount up again
: and last September 158 million
: shares were placed at 3.6 cent to
: London institutions, to raise
: €5.7m. In the process, O'Reilly
: was actually selling off 10% of the
: company, a surprising decision
: given that it only had a €5m
: bank overdraft at the time.

hypocrite
18/2/2005
10:18
: According to Arcon's
: accounts, this yielded a gross
: metal value of €45m. The
: European zinc cartel imposed
: €5m. After a €4m depreciation
: charge and a €1m interest
: charge, Arcon ended up with a
: pre-tax loss last year of €10m,
: compared with €15m the
: previous year.

hypocrite
18/2/2005
10:17
: Last year, despite diverting
: mining resources to digging a 500
: metre tunnel to the R zone, mine
: production was still maintained
: at 659,000 tonnes. This was
: mainly extracted from the main
: G ore body as it helped to raise
: the average extracted grade to
: 11.3% zinc.

hypocrite
18/2/2005
10:16
: Even according to Kevin Ross
: this would "result in a reduction
: in unit cash production costs to
: sub €700 per
: tonne of zinc".
: With the zinc
: price now up to
: €800 per tonne,
: and assuming the
: mine produces at
: its planned
: maximum of
: 750,000 tonnes
: of ore pa, this
: means that the
: mine should be
: making an
: EBITDA
: (earnings before
: interest, tax,
: depreciation and
: amortisation) of
: something over
: €10m pa. But with the
: depreciation charge cut back to
: €4m pa -- due to the longer
: mine life now expected -- and
: interest charges running at €1m
: pa, this leaves Arcon now
: running at €5m profit, assuming
: Kevin Ross's production targets
: are met.

hypocrite
18/2/2005
10:15
Unfortunately,
: the zinc price has been well
: below these levels for the last
: four years. Instead of mothballing
: Galmoy, Tony O'Reilly has
: pumped his own money into the
: company to keep it going,
: allowing Arcon to lose €50m
: over the last four years during
: which period 250,000 tonnes of
: pure zinc was extracted from the
: mine.
: O'Reilly got Kevin Ross to
: maximise the plant by digging a
: 500-metre tunnel from the
: existing mine into the new R
: zone discovery and then mixing
: high-grade ore from this with the
: existing 11.3% zinc grade
: production to achieve an average
: 13.25% zinc grading in 2004 and
: 14.5% in 2005.
:

hypocrite
18/2/2005
10:14
It has,
: however, largely
: gone unnoticed
: that the R zone
: also contains a
: significant amount
: of lead grading
: 7.2%. With the
: current lead price
: up at $900 a
: tonne, less than
: 10% behind the
: zinc price, this
: now makes the lead content
: here really significant. The R
: zone also contains an interesting
: 2.5 ounces of silver per tonne.
: While the new R zone is a
: highly valuable resource, it is
: virtually impossible to mine zinc
: profitably at anything under
: $1,000 a tonne.

hypocrite
18/2/2005
10:14
: Now that the new R zone
: extension of the Galmoy Mine
: has been fully delineated, it is
: possible to get a better insight
: into its value. While the extent
: of the new ore body at 2.3
: million tonnes is actually quite
: modest and will only add three
: years to Galmoy's mining life, the
: incredible 19% zinc grading -- the
: second richest in
: the western
: world -- makes
: this such an
: interesting
: prospect.

hypocrite
18/2/2005
10:13
Moneybags in Dublin's Phoenix magazine
Business Section
July 2004....REPEAT....JULY
2004....LAST YEAR
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Arcon shares a
: bargain at 3.5 cent
: THE RECENT resignation of the mining engineer, Kevin Ross,
: and his replacement as chief executive by the finance
: director,
: Peter Kidney, makes sense given that Arcon is a commercial
: play and now effectively a commodity derivative, driven by
: fluctuations on the London Metal Exchange. Given recent
: increases in the zinc price and increased output from the
: mine, Arcon shares at 3.5 cent are a definite buy.

hypocrite
18/2/2005
10:10
price now 1350!!!!!!!!!!!!!
I expect Moneybags will review it now.....given the price of zinc
back to where he said he would revisit the share again.
next issue of Phoenix is on the 23rd.......


Caveat Emptor!!!

hypocrite
18/2/2005
10:09
i read this today and then saw that it had been posted on the zinc thread by
Hectorp - 12 Feb'05 - 14:32 - 163 of 163

ZINC is featured in the FT today.
'has become the favoured metal... up 40%... outlook for zinc has changed since
China has moved from being a net exporter to importer .. China consumed 10% more zinc in 2004, which in turn increased golbal demand by 5.5%, tp 7.5M tonnes, which is 250,000 tonnes more than supplies.
Zinc was also helped this week by supply concerns, when Nippon Mining of Japan announced it would close production of its 45000 tonnes a year zinc mine (!)

hypocrite
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