Arcon Int. Share Discussion Threads

[gaybriefs] 21/2/2005 14:33

Just thinking of buying in if forcasted profits are 16.5m euros that equals around 10 million quid against a market cap of 68 million quid is this correct please.

[rambutan2] 21/2/2005 14:13

odey held 36m in one of their funds.
and dont think would have been a seller.

[hypocrite] 21/2/2005 14:06

Joy to the World!!!

Now....let anyone reading here who is new to Arcon understand
something very clearly.
Sir Anthony O'Reilly and his foundation owns 70% plus of the shares
in issue.
That's 170 million X 70......120ooo.
That leaves 50 million........

Judging how many shares are in the float is dificult but at
least 30 million available to you and me.
The greater the demand and the more people like us who want
to HOLD....the harder the job for the MM's to free up shares for
increased demand.
Watch your stop losses.....


They will have to shake very hard...the nearer April we get...
That by the way in terms of this game is a LONG LONG way away!!!


We'll get to a quid...I feel confident....but not overnight...
nice and slowly please....

Watch your stop losses!!!
Caveat Emptor!!!

[rambutan2] 21/2/2005 13:09

just like everything to be as clear as possible for everyone.

and im getting lots of joy from the ain share price at the mo!

[hypocrite] 21/2/2005 12:59

AIN.I 0.58 +0.02 2,500 561,133 0.58 0.60

Yahoo Finance.

[orvis] 21/2/2005 12:56

re trading in Dublin
Can anyone tell me if we can see the trades share price etc for Dublin on here? I have accessed Arcon /ISE but no data shows up for today.

[rambutan2] 21/2/2005 12:30

agree.
but costs are in euros and profits are in dollars.

[benchmark] 21/2/2005 12:28

Day traders and profit-taking holding it back in Dublin. The real volume is in Dublin

[britishbear] 21/2/2005 12:23

Good post Hypo - some interesting trades going through - 500 AT's. Could be a tradebot buying picking up as many as possible without drawing attention to a large buy order. Looking good for futher gains - I can't believe there is that much stock about and if it gets tighter we could shoot up considerably.

[hypocrite] 21/2/2005 11:20

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purchase or sale of any investment. Any person acting on the information contained in this document does so at their own risk. Recommendations in this document may not be suitable for all investors. Individual
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DOLMEN SECURITIES
Breaking News
Arcon set for strong 2005

All the latest indications are pointing to a very strong year for Irish
zinc miner, Arcon. Recent strong results from Australian peer
company, Zinefex, would suggest that, with zinc prices at seven
year highs, Arcon is set for a bumper 2005. Zinc prices are currently
trading at around $1,300 per tonne and provided that Arcon
achieves its forecasted production levels, the company should easily
beat current PBT forecasts of €16.5m for 2005.
far more than is often acknowledged.

[hypocrite] 21/2/2005 11:15

Just as a matter of interest.......
you say....
"just how little you know about Arcon!"

How did you deduce the above... from my response... that I thought
asking the questions about how much Arcon had hedged forward
their production on the (LME)commodity exchange...... were daft
questions........

Such a question might better be addressed to Arcon themselves,
although I personally WOULD know enough about Arcon to
anticipate a reply...."we always keep such an option open"....
as do all mining companies.....but I personally WOULD NOT
be so daft as to ask such a pointless question, if I wanted
facts and figures about how where and when.....

The same would go for anyone else who knew the company very well!!!!

Caveat Emptor!!!

[benchmark] 21/2/2005 10:34

(We use the word "eejit" with a very special connotation! It is a lot more loaded than "idiot"!)

[049balt] 21/2/2005 10:28

Hypocrite, I guree you are from Ireland then!

[benchmark] 21/2/2005 10:21

Don't be such an eejit Hypocrite ... I'm asking you the question to show just how little you know about Arcon!

[goldstar] 21/2/2005 10:20

hmmm, keeps fighting back.

[hypocrite] 21/2/2005 10:19

Would ya ever go out and buy yerself a crystal ball....
"Have Arcon hedged and sold forward? If so, at what price?"

I ask ya....
What a daft question!!!!

Sorry, Benchmark...after all I do for you and you
treat me like some sort of insider!!!!

[benchmark] 21/2/2005 10:04

Have Arcon hedged and sold forward? If so, at what price?

[hypocrite] 21/2/2005 09:56

Arcon is dollar based......

Note Langbroeks statement in his short note on Fiday.....

"Arcon have not been affected by the falling dollar...."

Why....

Higher quality zinc...premium prices....not necessarily
the ones quoted by LME.....

Zinc price "out-rose" the dollar!!!!

[britishbear] 21/2/2005 09:52

Hypo - all good facts. Are you sure that costs are in $'s and not Euros? If so, then they are making good money but IF costs are EURO's then they are only just at break even on Zinc - it is the future moves that are important.

[hypocrite] 21/2/2005 09:48

List of unappreciated attributes.

Arcon has a working Zinc and Lead mine!

Arcon paid IR£100 million + .....130 million Euros
for it's plant and equipment, £80 milion of which
was written off the balance sheet, an application
for which write down is currently before the High
Court.
Dont ask me how Sir Anthony O'Reilly achieved this,
I'm not his secretary.....but he did......so the company
now carries f.all debt!!!!

Kevin Cross, Arcon's former CEO, achieved a doubling
of the Arcon mine life as CEO, before he departed for
Australia as GM of the Magellan mine prospect 50% owned
by Ivernia West. This mine opens in March, and it would
be lovely to know what the owner is doing with the other
half....but that's not the point!!!

Arcon has a range of zinc qualities up to 19....the highest
graded zince in the western world.........all sorts of people
would want it.....like other mines to make a mix with
poor quality....Tara Mines I believe find it difficult
to sell their ore without improving the quality in a mix.

Arcon have started to mine LEAD without a great addition of
capital expenditure to take out 30000 tons this year, which
makes 18000 tons PB concentrate, I was told, worth $20 million
at todays prices of $900-1000 a ton.

Arcon posted a $1million profit last September, following a
$3 million loss the year before......but seen in the perspective
that the whole operation has now got a debt level of £20-30million.

Kevin Ross, former ceo to September 2004, according to Moneybags
in Dublin's Phoenix magazine, in July 2004...........
claimed that production costs had
fallen below $700 per ton,.............................
due to his efficiency drive,
the higher quality of ore,
and the higher level of zinc ore extraction.

If we can believe these two gentlemen....and I certainly do....

As of this morning Arcon are making between $600=700 per ton
profit!!!!

Now let's work out how much more than the £16 million forecast
from Langbroek of Davy's last Friday this could come to.........

but dear readers of ARCON:ADVFN......that is certainly £1 plus...
in fact that is a ge=reat deal more!!!

Caveat Emptor!!!!

[hypocrite] 21/2/2005 09:16

Endless ramping........not the aspiration of one so contradictorily
labelled......
Just get off my turf....I am the only hypocrite on this board!!!!

Caveat Emptor!!!

[britishbear] 21/2/2005 08:52

Nice start to the day - another 5% on top of the big Friday rise. This must be from Irish newspaper mentions and Hypo's endless ramping.

Looking like a solid buy and hold - Zinc prices could easily move on from their current highs and I suspect a merger of some kind within Ireland is a possibility.

[hypocrite] 21/2/2005 06:56

Dublin trading only wipes the sleep out of it's eyes by 9am,
Caveat Emptor!!!

[chessfou] 20/2/2005 19:31

who are they?

Dunno. It's on my "to do" list (IIGRTI - if I get round to it - but the family seems to be falling victim to 'flu this weekend and I'm not feeling great).