Arcon Int. Share Discussion Threads

[hypocrite] 08/3/2005 01:20

Dont consider too hard Ram.....Etrade USA trades all Toronto quoted
shares....I traded Ivernia West recently no problem!!!

[rambutan2] 08/3/2005 00:53

i sold out this afternoon as the account it in no good for foreign stock. had enough of seeing my profit slip away and too many other good opps around. however, i will be considering buying back in in another account...

[hypocrite] 07/3/2005 20:56

The Arcon CEO said last week that the Arcon mine life was only
for the next 5 years.......
Yet several Press Releases from Arcon during the former ceo's time
were designed to get investors to believe the mine life had nearly
trebled.......
Then you read the third justification for the merger...as follows...

"Enlarged group's ability to commit resources for, investment in, and exploration around, the Galmoy mine makes it possible to seek to further enhance operational efficiencies and expand mine life"



All of which has already been done......
and announced by Kevin Cross....former CEO of Arcon.

So when after the merger does the new company expect to spring
this lovely surprise on the new company's shareholders....which
also include dont forget...you and me!!!!

[hypocrite] 07/3/2005 20:39

This is how good the deal is for Lundin.....

VANCOUVER, BRITISH COLUMBIA--(
Highlights of the Intended Merger Transaction



- Combination will create a diversified European base metals producer with aggregate annual zinc production of approximately 152,000 tonnes and lead production of approximately 46,000 tonnes (each based on year ended December 31, 2004), as well as copper and silver production and a substantial exploration portfolio

Assuming 100000 tons of the zinc and 30000 tons of lead are from Arcon,
that represents at $1300 a ton zinc and $950 a ton lead a total from Arcon
of nearly 160 million dollars X 1.30 =123 million Euros....for which Lundin
are paying the knock down price of 95 million Euros.

[figis] 07/3/2005 18:46

Lundin down 16 cents in Toronto at the moment. Their chart is an huge upward trend. Interesting posts here today. Where money is concerned reasonableness goes out the window. O'Reilly Senior has always been highly leveraged. The Waterford Glass operation is in a mess and has been for years. The share price is rock bottom. This was once a great company. Maybe O'Reilly is trying to put his own house in order. The deal stinks as far as I am concerned.

[hermana] 07/3/2005 14:36

Agreed,Hypocrite.I am not a AIN holder but I hold PVR and hope that we get a
better outcome than the present predicament at Arcon.If there is a better deal
out there then Kidney and o Reilly will play fair.I have met both of them and
feel they will do their best for all holders of AIN.

[hypocrite] 07/3/2005 14:26

Ramoing and supporting the share through thick and thin regardless
of negativity.....are two different things dont you agree?

[benchmark] 07/3/2005 14:03

Well ... you were well warned to beware of Arcon! But you just ramped on regardless .... now you are moaning ....

[rambutan2] 07/3/2005 14:02

evidence abounds that we being sold on the cheap:
from resource investor...
Rae sees the nickel market moving into balance in 2006, but it reverts back to a state of chronic deficits thereafter. In fact he warns that this period is remarkable for the risk of a supply side shock given low inventories and mines running at breakneck speed to keep up with demand.

It's much the same in the zinc market which metal has been the laggard until recently when it began to handsomely outperform every base metal cousin in sight.

TeckCominco's Andy Roebuck { Listen to Andy Roebuck} said the late start was caused by phantom inventories that started becoming visible in late 2003. These were stocks "hidden in plain sight," said Roebuck, ascribing the anomaly to off-warrant metal that was in fact in the LME warehouses.

Since September 2004 no further phantom zinc has hit the market and, as a result, the price has been on an after-burning run higher as warehouse levels are drawn back toward normal levels of 5-weeks of consumption. However, China's appetite for zinc is such that TeckCominco expects below-average stockpiles by the end of this year.

What's more the developing deficit has no near-term supply to cushion price impacts, whilst refining capacity is actually declining. "There has been a fundamental shift in the market," said Roebuck, using a phrase that delegates heard repeatedly.


from an aussie visitor...
CBH RESOURCES LTD PRESENTATION
Australian listed zinc-lead-silver producer, CBH Resources Ltd (formerly Consolidated Broken Hill ;ASX:CBH; current price AUS$0.30; market cap $150m; www.cbhresources.com.au ) will be in London meeting interested parties from 14-17 March 2005.

The Company recently announced an AUS$5 million profit for the December half year and declared its maiden dividend (after only 15 months of operation) on the back of improved output from the flagship Endeavor mine in New South Wales coinciding with stronger commodity prices. Zinc prices have increased by 30% in the last 3 months as LME stocks move down, prices are anticipated to rise to at least 1989 highs which is still 60% above current levels. The Company generated AUS$144 million in revenue in 2004.

[hypocrite] 07/3/2005 13:43

It is roughly equivalent to
Let the buyer beware.....

Why is there something about what I have said that you dont
like or understand?
Caveat Emptor!!!!

[rbonnier] 07/3/2005 13:40

Whats all this Caveat Emptor!!! after every post all in aid of?

[hypocrite] 07/3/2005 11:16

Obviously the mm's are holding no stock at all....and have
an open order to sweep up what they can....
Well!! thanks be to Banaher for that!!!
There is a buyer here!!!
IMO!
Caveat Emptor!!!

[hypocrite] 07/3/2005 08:06

Busting through $1400 dollars for second time in a week!!!
These are Friday's closing prices!!!
LME make ya pay for same day!!!





ALUMINIUM ALLOY ALUMINIUM COPPER LEAD NICKEL TIN ZINC NASAAC


Cash buyer 1,720.00 1,981.00 3,361.50 1,006.00 16,350.00 8,530.00 1,385.00 1,700.00

Cash seller & settlement 1,730.00 1,982.00 3,362.00 1,008.00 16,355.00 8,540.00 1,385.50 1,705.00

3-months buyer 1,735.00 1,954.00 3,227.00 966.00 16,175.00 8,410.00 1,401.50 1,725.00

3-months seller 1,745.00 1,955.00 3,228.00 967.00 16,180.00 8,420.00 1,402.00 1,730.00

15-months buyer 1,740.00 1,797.00 2,835.00 875.00 13,650.00 8,130.00 1,343.00 1,735.00

15-months seller 1,750.00 1,802.00 2,845.00 880.00 13,750.00 8,180.00 1,348.00 1,745.00

27-months buyer 1,730.00 1,732.00 2,640.00 11,850.00 1,278.00 1,725.00

27-months seller 1,740.00 1,737.00 2,650.00 11,950.00 1,283.00 1,735.0

[hypocrite] 07/3/2005 07:38

Throughout all this I still think O'Reilly Snr is a reasonable man....
I cant believe he would railroad a bad deal through small shareholders...
I refuse to believe it...there has to be a better deal than this....
I've got to believe he cares and is not just following his own
selfish interests!!!
So let us not accuse him wrongly....or judge him as yet......he may have
shook hands on this deal BEFORE the change in Arcon's fortunes that even his
own House Broker has written about!!!!
that would explain the 80%...leaving the door open for a better offer??
Maybe it's O'Reilly Jnr we should be wary of?
Caveat Emptor!!!

[hypocrite] 07/3/2005 07:27

Rambutan....Takeover Panel reports the reported possible deal is now reportable!!!!

This is Ireland's first(that I can recall) deal that has announced before it has been done as being only IF it is done.....
I think that is called OBFUSCATION!!!!

[hypocrite] 07/3/2005 07:20

Questions....
Concerning the Intent to Merger announced by Arcon last week.....
Anyone care to list any?.

[hypocrite] 07/3/2005 07:05

The focal issue is after all why rubbish yeaqrs of work by Kevin Cross
and millions of dollars spent to successfully improve the mine life!!!
Caveat Emptor!!!

[rambutan2] 07/3/2005 03:00

just had a thought. the 35.925m was pre consolidation, which happened just after the report was published. so the figure should be 3.59m shares.

[rambutan2] 07/3/2005 01:51

as reported in the june 04 interim report mr hendrys continental european oeic held 35.925m shares in ain, they were bought between may and november 2003. i would be very surprised if any of that stake had been sold between june and now as the whole reason for taking that stake was to benefit when the price of zinc finally took off. it was bought for its optionality value.

it is worth repeating that from the start of last week mr hendry is no longer manager of the fund having fallen out with mr odey and co.

[hypocrite] 06/3/2005 21:40

Irish Times = Irish Independent!!!
For our purposes!!!

However it was Rambo here that said about the 35 mil

rambutan2 - 6 Mar'05 - 18:20 - 1134 of 1144


just what i was wondering figis...
figis - 6 Mar'05 - 09:22 - 1124 of 1133

To say that I am furious about this deal would be put it mildly. Hugh Hendry of Odey Asset Management said on C.N.B.C on Friday morning last that it would be crazy for Arcon to sell now particularly with the price of zinc on a strong upward trend...


now, if the likes of odey (holders of 36m shares or more) and the bulk of the other shareholders object strongly to the deal will lundin get to 80% acceptances, at least on current terms, and what about the possibility of a higher bid coming in from elsewhere?

[figis] 06/3/2005 21:01

Hypocrite I would also send the letter to the Irish Times. The Irish Examiner does not have a big circulation outside of Munster.

Does Hugh Hendry's funds got a stake in Arcon. It would be good if they had. Please can you clarify?

[hypocrite] 06/3/2005 20:37

Mind you 35 million out of 170 million shares with Hugh Hendry's lot
is a pretty big lot.....
Odeyre....we might get a fight!!!

[hypocrite] 06/3/2005 20:35

Well....my letter would be addressed to the head of the Irish Takeover Panel!!

[figis] 06/3/2005 19:34

Hypocrite you make good points. This Peter Kidney was Arcon's Accountant who became the head honcho after Cross was headed hunted away by some Canadian outfit. One has to ask what does Kidney know about running a mine and has he the wit to stand up to the unions who are very militant. John Teeling who has a lot of experience of mining told me sometime ago that Arcon's output was relatively small.

Maybe it was the lack of expertise among the senior Management and the small output that made O'Reilly's mind up to sell. Kidney owes his job to O'Reilly and he will toe the party line. The bit in the O'Reilly controlled Sunday Independent about the price of the Arcon shares had run ahead of itself is pathetic.

Our only chance would be that a rival bid was hatched from some other souce. This is very unlikely given the size of O'Reilly stake and the way the prospects of the mine are now been talked down. From this shareholder's point of view this is a wretched business.

[hermana] 06/3/2005 19:21

The board wants to do this deal as it stands. A counterbid is the only hope.