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Cape Lambert Iron Ore Investors - CLIO

Share Name	Share Symbol	Market	Stock Type
Cape Lambert	CLIO	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	12.00	01:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
			12.00	12.00

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Posted at 23/10/2008 13:23 by spital23 Perhaps I should of invested 2 weeks ago when I first saw CLIO - still thinking it could be worth a small punt - any ideas?? From Grpowth Company Investors - Cape Lambert on the prowl Companies: CLIO 23/10/2008 Cash-rich recent Abramovich bid target Cape Lambert Iron Ore is scouting for potential projects or companies to back. Based in Western Australia and listed Down Under and on AIM, Cape Lambert reckons it could be sitting on up to 800 million tonnes of magnetite iron ore at Cape Lambert South in Western Australia's Pilbara region. The company will also still be sitting on more than £100 million cash after selling the adjacent Cape Lambert North property to China Metallurgical Group Corporation (MCC) for £128 million down (and £32 million in two years) and next week distributing £40 million in a capital return and special dividend. Cape Lambert, where former fund manager Tony Sage took over as executive chairman from Ian Burston earlier this year, successfully fought off a summer bid from Russian billionaire Roman Abramovich's Evraz steelmaking group, which might have stymied the sale to MCC, and last month defused an attempt to oust the board by Power United, the Hong Kong vehicle of Dubai-based mining investor Mick Shermesian. Power United now has some 11 per cent and a board seat and Sage is trying to find a buyer for the16 per cent stake still held by Evraz, which has also requested board representation. Sage prefers to dwell on Cape Lambert South, where he argues interest on the company's cash pile can pay for development and leave nearly £1 million a year over. He also enthuses about Cape Lambert's African exposure, a 30 per cent stake in Sierra Leone's Marampa iron ore project (acquired in a deal giving controversial Frank Timis's African Minerals a stake in the venture). According to Sage, Cape Lambert is considering numerous iron ore projects, which the company might be able to back through, say, a 10 per cent convertible loan secured on the assets in question. At 9.5p, down from a bid-fired 42.5p in July, the company's shares trade at a hefty discount to its cash, which might conceivably prompt yet another bid, if stock market conditions allow. Read Full Thread Reply
Posted at 14/10/2008 15:33 by ppowerscourt Excerpt from 2nd Oct. RNS: In accordance with the ASX Listing Rules, the timetable applicable for the return of capital and dividend is outlined below: Event Date Announcement of Dividend and Return of Capital 2 October 2008 Effective Date 14 October 2008 Trading in Shares on ASX starts on an "ex return of capital 14 October 2008 basis" and "ex dividend basis" Record Date 20 October 2008 Payment Date and Dispatch Date 24 October 2008 As outlined above, the record date for these payments will be 20 October 2008, which the Board believes will provide Option holders wishing to take part in the return of capital and receive the unfranked dividend sufficient time to convert their options. The capital return cash distribution and dividend payment will be made to Shareholders on 24 October 2008. The Company via its share registry, Computershare Investor Services Limited, has sent information requesting tax file number notification to all registered Shareholders and we ask that these documents are completed and returned as soon as practically possible. The Board has determined that the total payment (capital reduction cash distribution and dividend payment) to be made to Shareholders comprises approximately: * Return of Capital 31.25% * Unfranked dividend 68.75% It is determined that the total payment (as at 2 October 2008) is approximately A$0.227 per share, however, the final payment per share will not be known until the record date. ====================================================================== So anyone buying in today will not get the special return of cap. and divi payments. Right? Read Full Thread Reply
Posted at 13/10/2008 10:36 by divinausa1 Wise Words For Investors In A Bear Market By Lawrence Roulston of Roulston Opportunities We have all heard enough about how bad the financial situation is. There is no question that the markets are in a terrible mess. The U.S. credit crisis is serious, it is spreading, and it's not going to get better over night. The situation is worse than nearly anyone imagined. However, there are some bright spots and those bright spots represent investment opportunities. As so often happens, the markets act like pendulums, swinging from one extreme to the other. A year and a half ago, the U.S. economy was booming, fuelled by a fraud of gigantic proportions that pushed housing prices and debt to absurd levels. The bursting of that housing bubble saw the pendulum swing to the opposite extreme as investors panicked and sold everything. There may be a long period of transition as the various bailout measures kick in and get the economy back on track. But, let's not forget that the U.S. has been through a number of difficulties and always manages to muddle along and then recover to be stronger than ever. I don't believe that the U.S. will ever regain the level of supremacy that it once held in the financial world but the current crisis will pass, as it has every time before. Look, the U.S. economy is not going to drop into some great black hole in the ground and suck the rest of the world in as some would have you believe. As far as the rest of the world is concerned, it doesn't really matter a great deal if the U.S. economy grows by 1 or 2% or shrinks by 1 or 2%. Looking at the metals: China has been and continues to be the most important driver in the metals markets. Headlines are now screaming out that the Chinese economy is slowing. Those few investors who read beyond the headlines will see that China's pace of growth has slowed from more than 11% a year to just over 10%. If you think about it further, you will realize that 10% growth, coming on the larger base, actually represents the same amount of real growth as last year. India is still growing strongly, as is much of Asia. Similarly, the pace of growth is slowing, but is still at a pace that developed countries can only dream of. Similarly, the popular press trumpets the fall in the oil price. It is only down when stacked up against the spike earlier in the year when speculators pushed it briefly to $140. When measured against the level of a year ago and two years ago, the oil price is up. Huge amounts of money are flowing to oil exporting nations which, like the Asian nations, are building infrastructure. We constantly hear about the bursting of the commodities bubble. Yet, metal prices are still well above long term trends. Iron ore prices are still rising sharply: and definitely not driven by speculators. The prices are set by producers dealing directly with users. When President Bush and the Treasury Secretary were trying to sell the bailout package, they painted a picture of dire consequences if the measure did not pass. That message seems to have been taken literally by many investors who are now even more terrified than they were before. Whether the U.S. grows by a couple of percent, or shrinks by a couple of percent, other parts of the world continue to grow. It is important to note that the emerging markets are far more intensive users of metals that the developed world. The U.S. is more of a service-oriented economy, whereas China and the other developing nations are more heavily involved in building factories, housing, infrastructure and other things that use a lot of metal. The net result is that world-wide demand for metals continues to grow. New sources of supply are needed to match that growing demand and to replace older mines as they are depleted. Much of the mining industry investment in this cycle has been directed to buying existing production. The major producing mining companies are being valued on the basis that metal prices will fall hard based on a U.S. recession impacting the rest of the world. That hasn't happened, and will not happen. And that means that the mining companies are being valued at exceptionally low levels in relation to actual and projected earnings. Teck Cominco represents exceptional value. The majors have suffered, but the smaller companies have been beaten down to absurdly low levels. We are already seeing takeovers as the larger companies go bargain hunting. The smaller and mid-tier companies are beginning to merge. Those deals will be accretive to shareholder value as they will create larger and stronger companies. Recovery in the junior mining sector will not be the same for all companies. Those companies that need to raise money in the near term will continue to face real challenges. Many will have to look to joint ventures, asset sales and mergers to find the money they need to move forward. There are many small companies with defined metal deposits, strong management, and cash. Those companies will come back early in the recovery. Some commentators worry that there will be no money for mine development. Clearly, if a junior walked into a bank tomorrow and asked to borrow a few hundred million dollars to develop a mine, they would get a rather chilly reception. However, the smelter companies, the metal trading companies, and the majors are awash in cash and are seeking new supplies. Baja Mining recently completed an $800 million financing package to develop a mine in Mexico. They worked with a consortium of Korean metal companies. The market seems to have missed the fact that Baja's project is now funded and well on its way to production. Base metal companies are out of favour, making advanced-stage deals like Baja excellent investment opportunities. Once the panic subsides, there will be a great many banks and other investors who welcome the opportunity to invest in tangible assets instead of the alphabet soup of financial hocus pocus that was on offer for the past few years. I believe that the current financial mess will result in a return to more fundamental-based investing and that move will benefit mine developers. It won't happen overnight, but it will come. The message here is that those juniors that hold metal deposits that can be developed into mines will see a return to more rational values. Those companies that are still hoping to find a metal deposit at some time in the future may have longer to wait. There is lots of cash available among the larger mining companies. Just looking in Canada, we see Barrick with nearly $2 billion, and Teck, Goldcorp and Inmet all sitting on more than a billion dollars of cash. What I'm saying here applies equally to precious metals, base metals, minor metals and uranium. We aren't looking to gains in the commodity prices. We are looking to companies that are adding value to their assets. The most immediate market action is likely to come in the gold sector. The cost of the financial bailout in the U.S. is measured in the trillions of dollars. The latest bailout package was $850 billion, including the tax breaks thrown in to get it approved. Add in the earlier bailouts and recognize that nationalizing Fannie Mae and Freddie Mac added $5 trillion dollars of liabilities to the U.S. government, bringing the total debt to $14 trillion. Don't forget the on-going wars in Afghanistan and Iraq and the huge trade deficit. The dollar was falling sharply before the burden of the bailouts was added. European governments are also conducting bailouts of failed banks. Ironically, the bailouts have hurt the price of gold. That is a short term reaction, as traders seem to reason: "OK, the U.S. financial system isn't going to collapse this week, I don't need to own gold", and they dump their holdings. Anybody who takes a longer term perspective will realize that if a government simply keeps spending enormous amounts of money that it doesn't have on things that do not generate a return for the economy, then the value of the currency will decline. The whole financial mess, for many investors, has destroyed confidence in the global financial system. Right now, investors seeking safety are flocking to U.S. treasury bills. That is particularly ironic, as the dollar, in the longer term, will suffer the most from the bailouts and the plummeting confidence. In time, gold will be the biggest beneficiary. I can't tell you what the gold price will be tomorrow, or next week or next month. Nobody can. I can tell you with certainty that the gold price will be high enough that the major gold producers will continue to mine it. As long as gold companies are mining gold, they will be looking for new deposits to at least offset the amount mined each year. The juniors will continue to play an important role in finding and developing new gold deposits. It doesn't really matter what the gold price is: a new discovery will generate big returns for shareholders of a junior gold company. Advancing a deposit toward production will generate returns for shareholders of a junior gold company. It's not hard to make the case that the situation in the junior mining sector will improve in time. Of course, we all want to know precisely when the markets will turn around. Just remember that the situation always looks bleakest at the bottom of the market and it looks rosiest at the top of the market. It requires a lot of nerve to invest contrary to what appears to be the right thing to do. At present, at least on the surface, this appears to be a really bad time to be investing. And that makes it the best time to be buying. The greatest gains come from buying at the bottom of the markets and selling at the tops. That means buying when prevailing wisdom says it is a bad time. We will never know exactly when the bottom is. Here are some things to consider at present. Over the past few weeks, Warren Buffet has invested $12.7 billion into the markets, including $5 billion into Goldman Sachs, one of the investment banks. The popular press thinks it strange that Buffet is investing at a time when things are so bad. But, that is precisely how he became the world's richest investor. Other signs that the worst may be over: the U.S. bailout has been approved. It will take some weeks for the program to be implemented, but at least bankers know there will be relief coming. The failed banks are being snapped up quickly by other banks. In the latest deal, Citigroup tried to scoop up Wachovia within a day of its collapsing, but they were outbid by Wells Fargo. Citigroup, which had the smarts to avoid the moves that led other banks into trouble, published a report last month that examined the commodities. They concluded: "It is important not to lose sight of the long term picture. We regard these conditions as a correction ... in a secular bull market. The drivers of the super cycle - urbanisation and industrialization in China and supply shortfalls are intact. Indeed the next up-cycle could be even more powerful than its predecessor." If that report had come from one of the failed banks, I would not have paid much attention. Citi had enough smarts to avoid the mistakes that overtook so many of the other banks. Investors are not going to suddenly rush back into the junior resource markets. But, those who buy the solid companies at the present severely depressed prices stand to enjoy big gains in the fullness of time. The most immediate reaction will come from within the industry. Smaller companies will merge in deals that add shareholder value. The larger companies will be taking over smaller companies with good deposits. To give an indication of the valuations: At present, major gold companies are valued on the basis of just under $200 per ounce of total gold resources. Juniors, on average, are valued at a mere $29 per ounce. At prices like that, the juniors must look extremely enticing to the larger companies. Obviously, there would be takeover premiums that would generate returns from the current price levels. Companies like CGA Mining, which is close to production, look very attractive.Another interesting area is platinum: the price is down 60% from the $2,300 level earlier this year. Demand is growing and supplies are constrained. The market was clobbered by a big selloff by a platinum ETF. Eastern Platinum is making big profits even at the current price and will do very well with a rebound. It's a similar situation for silver: development stories like Bear Creek, small producers like Aurcana and Great Panther. Uranium is going to come back in the not too distant future. Hathor has made a very important discovery and is not getting full value. Soon enough, investors will again wake up to the fact there is an energy shortage and uranium stocks will again become popular. Panic selling at this stage is definitely the wrong thing to do. Taking advantage of the panic selling of others could net you some good companies at attractive prices. Be selective. Be patient. The market will come back. Read Full Thread Reply
Posted at 30/7/2008 11:18 by eastwind IanBrewster, do UK investors have to pay Oz capital gain tax? Will this be deducted at source? If the total value of my investment is only £5,000, do we still need to pay CGT? Thanks in advance. Read Full Thread Reply
Posted at 23/7/2008 15:20 by the metal man Only if they know something we don't. I voted my stock in favour of the MCC purchase. If a potential bidder wants to put their case to shareholders, there is nothing wrong with coming out and stating their objectives. That has not happened. Any discussions and subsequent agreements are likely to be behind closed doors with Institutional shareholders. If they determine the alternative to be more favourable, then that is where the majority is likely to end up. However, for the small investor it is important to stay with what is considered best in the absence of an alternative strategy, and not sit on the fence waiting. If too many shareholders adopt that approach, the sale will be blocked with ease and Evraz could dictate proceedings at their leisure. CLIO could even be a pawn in a game between Evraz and the Chinese Government over Delong Holdings. Read Full Thread Reply
Posted at 28/5/2008 17:27 by crosswire 7:04 PM, 28 May 2008 Cape Lambert awaiting FIRB decision Cape Lambert Iron Ore Ltd has entered into a trading halt pending an announcement on China Metallurgical Group Corp regarding its application to the Foreign Investment Review Board. In late April media reports said the $US400 million sale of Cape Lambert's Pilbara project to China Metallurgical had been delayed because the Foreign Investment Review Board was swamped. On April 30, Cape Lambert's executive chairman Ian Burston criticised the government's handling of applications from foreign investors. Mr Burston questioned the transparency of the FIRB's processes for approving foreign investments. At the time, Mr Burston rejected suggestions that China Metallurgical was being pressured to withdraw its application. Malcolm Brennan of law firm Mallesons Stephen Jaques told the Australian Financial Review it is "standard practice" for the FIRB to ask foreign investors to resubmit an application if it will take more than 30 days to process it. The company said the trading halt would continue to June 2, or when the FIRB announcement is made. Read Full Thread Reply
Posted at 25/3/2008 07:32 by divinausa1 well it was up last week in aussie and down in London and again up again today in aussie seems london investors are alot more cautious than aussie counterparts Read Full Thread Reply
Posted at 26/2/2008 19:34 by divinausa1 Minesite great write-up need to be registered main points.... Cape Lambert share price of just A$138 million, a very interesting number given the A$400 million being offered by MCC, why valued so low? market wants to see the deal complete There is a degree of comfort in as much as if this deal falls over (but he is talking like its a done deal imo)we have the deposit in the bank, and we have two other potential investors keen to talk, albeit in a slightly different way." Burston who will be doing the rounds of investors in London next week. never new he is 72 yrs old maybe this is his swansong.... Read Full Thread Reply
Posted at 25/2/2008 00:16 by thorfinn Trading halt in Oz. It looks like a Chinese investor (MCC) are taking a large stake. tf Read Full Thread Reply
Posted at 06/2/2008 10:08 by jailbird TC and all, i need some clarity if you can help..it gets too confusing.. i have been digging around a little...and it get very confusing with all these options due to be exercised in end of 2008/2009/2010. The cash situ is still bugging me regardless of the resource updates and assets...they are still using cash and nothing is coming in..and they have very little cash left, that is why i am expecting some cash raising sooner than later...this does not mean it is negative but just like to be aware of it..so i'm not concerned about it. Cash and cash equivalents at the end of the period 7 8,527,619 10,718,461 13 December 2005 The Company Announcements Office Australian Stock Exchange Limited Via E Lodgement CFE CLOSES A$33M RAISING: SHARE SALE AGREEMENT NOW UNCONDITIONAL Cape Lambert Iron Ore (ASX: CFE) is pleased to announce that its prospectus and offering to UK investors to raise A$33 million has closed. CFE will issue 110 million shares @ $0.30 and 55 million options exercisable @ $0.30 on or before 31 October 2008 pursuant to the prospectus and the private placement to UK investors, in the next few days. 14 March 2006 The Company Announcements Office Australian Stock Exchange Limited Via E Lodgement CAPE LAMBERT SELLS NFX GOLD STAKE FOR AUD$4 MILLION Cape Lambert Iron Ore Ltd (ASX: CFE) wishes to confirm that it has sold its 16% stake in Canadian Gold Company NFX Gold Inc. (TSX: NFX) for AUD$4.1 million. This sale represents a AUD$3.5 million profit (based on carrying value at 30 June 2005) for CFE and brings the cash balance of the Company to approximately $24 million. The Company retains 220,000 shares in NFX which are held in escrow until 14 June 2006 and at present the current market value of these shares is in excess of AUD$350,000. The Company's decision to divest its stake in NFX in addition to the proposed spin off of its gold assets (announced to the ASX on 17 January 2006) are intended to allow the Company to concentrate its resources on the development of its 100% owned Cape Lambert Iron Ore project, located in the Pilbara region of Western Australia. A Bankable Feasibility Study (BFS) is underway, with off-take discussions with a number of parties being negotiated. CFE continues to hold other significant assets that may be sold in the near future. These include the Sacu Copper/Gold project in Romania, a 9% stake in Jackson Gold, the Jubuk Kaolin project and shares in Republic Gold Ltd. Should there be any queries on this matter please do not hesitate to contact the writer. Yours faithfully CAPE LAMBERT IRON ORE LTD REPORT FOR THE QUARTER ENDING 31 MARCH 2006 28th april 2006 ASX Cash at end of quarter 12,984 AT 31 dec 2006 report Cash at end of quarter 8,528 27april 2007 ASX Cash at end of quarter A$6,903 31 jul 2007 ASX Cash at end of quarter 1,864 RNS Number:9833I Cape Lambert Iron Ore Limited 03 December 2007 CAPE LAMBERT IRON ORE LIMITED EXERCISE OF OPTIONS DIRECTORS' DEALING AND SIGNIFICANT SHAREHOLDER Cape Lambert Iron Ore Limited (the "Company") (ASX: CFE, AIM: CLIO) announces that on 3 December 2007 it has been notified of the exercise of options granted to Tony Sage, a Director of the Company, over 914,175 new ordinary shares (" Ordinary Shares") in the Company at an exercise price of 40 cents per share (the "Options") to raise AUS$365,670 for the Company. Name Options Options held Ordinary Shares % interest in exercised following exercise held following enlarged issued exercise of share capital Options Tony Sage 914,175 13,545,825 14,544,250* 5.16 *Tony Sage holds 1,600,000 Ordinary Shares directly. In addition, Tony Sage holds Ordinary Shares indirectly through relevant interests in EGAS Superannuation Fund (12,534,250 Ordinary Shares), Okewood Pty Ltd (310,000 Ordinary Shares) and Xyno Pty Ltd (100,000 Ordinary Shares). Application will be made for the new Ordinary Shares issued following the exercise of the Options to be admitted to trading on AIM, which is expected to occur on 7 December 2007. Following the issue of these new Ordinary Shares there will be 281,634,892 fully paid Ordinary Shares in issue. Read Full Thread Reply

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