Cambridge Mineral Resources Share Discussion Threads

[dutch123] 05/11/2015 17:28

Cheers Lochlea for your answer........gl maxwell

[maxwell] 05/11/2015 15:31

After all this time awaiting anything! and really would like a return to the market with a quote, and, a possitive return, hence the sensible action is to take up the 1 in 15 offer at 5p per share this should at least set a level for the company who have already stated a flotation value of £9m with approx 160m shares at issue if rights taken up ie: 5p+ and that is all shares.

I will need to spend another £1335 on top of £83k so even at 5p still losing 75%
Of investment from years ago but at least a chance that it may be able to reduce the actual loss further. Another roll of the dice and a gamble that I will take.

[lochlea] 05/11/2015 15:09

I think you'll find that very point is covered in the letter.
Should they not raise the £500k then Option B would be to sell another % to Glencore which obviously has major downsides. But not the Company being wound up as you suggest.

[dutch123] 05/11/2015 14:56

Just got my entitlement through broker, 1 for 15 owned, they are trying to raise 500k to relist, if they achieve that figure and relist what are our existing shares worth..."not the ones taken up on the new offer"? my feeling is that they would be made illiquid so we wouldn't be able to trade them, could that be possible? and if they don't achieve the 500k then the company will wind up, probably a last attempt at relisting imo....

[targatarga] 04/11/2015 20:56

perhaps if they offered us some bonds in another gold miner it would help!

[brad44] 04/11/2015 19:27

they must be on smack if they think they can try this on!!!

[poseidon2] 04/11/2015 16:57

Er.... not a difficult question to answer!
Good money after bad and all that........

[lochlea] 04/11/2015 16:26

If the nominal face value is 5p you'd like to think flotation price would not be any less than 5p.

However..........first things first........ they need to raise the funds from shareholders (at 5p a share) to facilitate the re-listing process.

Would you buy these at 5p today????

[nmf777] 04/11/2015 16:02

Not sure I'll be throwing any more cash at this one ....

[liquid millionaire] 04/11/2015 15:55

Is that a pink pig i see in the sky?

[digger27] 04/11/2015 15:53

Any guesses as to what the flotation price could be? Would be nice if in excess of 5p as I need at least 18p to break even.

[lochlea] 04/11/2015 15:05

Offer Letter now posted on Company website.

Better late than never.

[lochlea] 04/11/2015 12:48

You are entitled to one new share for every 15 currently held.

They plan to issue 10 million new shares at 5p each to raise £500,000 to help the process to re-list. Expenses/cost etc.

[nmf777] 04/11/2015 12:37

some 'entitlement shares' just showed up in my selftrade account....

[lochlea] 04/11/2015 12:27

Begging bowl letter just popped through letter box seeking finance from shareholders to secure funds to enable re-list on AIM to proceed.

Surprised Offer Letter (28 Oct) hasn't been posted yet on the Company website, especially as the Offer closes in less than 14 days.

Get your cheque book out!!!!

[maxwell] 04/11/2015 09:49

Maybe raise capitol at float? although no information as yet other than expect to be capatalised at around £9M which would indicate share price approx (8-9)p although the
market will make the decision on data provided early next year, and base metal
prices just might rise which would be helpful.

[2trying] 02/11/2015 22:29

Cheers buddy !

[edlog] 02/11/2015 22:20

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HomeNewsArticlesPRIVATE:CAM
Cambridge Mineral to cash in on falling commodity prices
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14:37 02 Nov 2015
Spain-focused miner says copper and zinc prices may have bottomed out
Cambridge Mineral to cash in on falling commodity prices
CMR concentrates on the Iberian Pyrite Belt in southern Spain
Commodity prices may have tumbled, but Cambridge Mineral Resources (CMR) sees the fall as a help rather than a hindrance.

CMR, which went private in 2009, hopes to relist on the AIM market in February or March next year to help it develop its copper-zinc assets in Spain.

It says copper and zinc prices may have bottomed out and that presents a market opportunity.

Mark Slater, chief executive, said: “The commodities market is a bit depressed at the moment but there are one or two opportunities.

“When you get into a market, it’s always best to do it at the bottom because there’s only one way it can go.

“Now’s a very good time if you’re correctly funded to exploit some of those opportunities.”;

Joint venture

CMR was founded in 1992 and initially had concessions in South America, Europe and Romania.

But it has since refocused and now concentrates on the Iberian Pyrite Belt in southern Spain, where it is investigating the Masa Valverde copper-zinc deposit near Huelva.

It is also evaluating a number of other mining projects in the Andalucia region.

The group is developing Masa Valverde in a joint venture with commodity giant Glencore (LON:GLEN), which has just taken a 60% stake in the firm’s Spanish subsidiary.

The companies are close to completing 28,000 metres of drilling on a concession at the deposit and are about a year ahead of schedule.

Glencore has been cutting copper and zinc output and selling copper mines as it moves to reduce debt.

But other miners have said copper demand fundamentals remain good, supported by power infrastructure development in China.

Slater said Glencore was already building mining infrastructure at Masa Valverde and had clear plans stretching into 2017 to take the project forward.

It has all the rights to the eventual output from the project, which is not expected to enter production until 2021.

“We have no concerns regarding Glencore’s continued involvement at this time,” Slater said.

Bumpy recovery

Last month, the price of copper dropped close to its lowest level in six and a half years.

Demand for the metal, used by industries ranging from telecoms to car-making, has taken a hit from the Chinese economic downturn.

Goldman Sachs has predicted that copper prices would fall to US$4,800 a tonne by the end of 2015 and to US$4,500 by the end of next year.

Capital Economics said it expected the recovery in prices of copper and other commodities to be bumpy.

But it said sentiment towards commodities had become too pessimistic and may be bottoming out.

The economic research group cited growing evidence that previous sharp

price falls were prompting the supply cuts necessary for a sustained recovery.

Capital Economics head of commodity research, Julian Jessop, said: “Glencore has dominated the headlines recently, but is not alone in the mining sector, while there have also been substantial cuts in oil industry investment."

Capital Economics said it expected copper prices to rise to US$7,000 per tonne by the end of next year against about US$5,280 now.

CMR’s Slater said he did not think copper and zinc prices were going to drop much further. China had not stopped buying copper and zinc despite

reducing the quantities it was purchasing.

“I think prices are pretty much at the bottom,” he said. “I think copper prices are stable and will slowly edge up.”

CMR is expected to have a market capitalisation of about £10m when floated and expects to raise only a relatively small proportion of that figure in the listing.

Management owns about half of the company and about 2,500 private investors including a couple of institutions own the rest.

Slater says the flotation should enhance the profile of the company among investors and awareness of its assets.

“The assets are so prospective that they deserve the opportunity to advance in the open market,” he said.

CMR has appointed Grant Thornton UK as its nominated adviser and Northland Capital Partners as brokers.

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Philip Waller


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[2trying] 02/11/2015 21:30

A slight update from the interview page as mentioned by lochlea above !

[...]

Edit - damn thing wont let me copy and paste !!

Anyway if you can find it on the proactive site , nip down to
the Timeline article timed 18.37 today (Monday 2nd) .

[lochlea] 02/11/2015 12:22

.......... just be upfront, transparent & honest with investors at all times.

AIM is full of management teams that mislead & deceive investors imho.

[lochlea] 02/11/2015 12:11

WOW..... just viewed the interview, Mr Slater.
Fair play to you doing it.

Your nose must have grown an inch or two after your answer to the question 'why did CMR de-list in 2009'!!

I still think it'll be a major achievement to re-list successfully in today market, but wish you success.

[lochlea] 02/11/2015 11:32

Yes, hope springs eternal.
But let's face it CMR have been pretty good at promising to do things over the years. Delivery has been their Achilles heel.

Must say, greatly surprised 'Mr Cambridge' has headed for the exit door. Still, he's done rather well financially out of this saga/fiasco over the years.

[targatarga] 02/11/2015 10:42

any tips as to who we vote for on the agm.... tia

[shortarm] 02/11/2015 10:26

Good news but some numbers in the drilling results would be good?

[mine57] 02/11/2015 09:57

look in the Times and our web site