Cape Lambert Iron Ore Share Discussion Threads

[okuta] 06/4/2010 09:22

Thanks Delta Uniform,am still in , note that the share price has poked it's head just above the 50c level , goodo , gl and regards g

[divinausa1] 06/4/2010 08:42

Cape Lambert Resources to benefit from infrastructure upgrade at Marampa

[divinausa1] 12/3/2010 00:08

In Sierra Leone, Marampa Mines Gets New Ownership
By Aruna Turay
Mar 10, 2010, 17:08

[divinausa1] 12/3/2010 00:05

Cape Lambert to sell Lady Annie for $135m

[divinausa1] 01/2/2010 07:49

Cape Lambert Resources one to watch in 2010

[divinausa1] 01/2/2010 07:47

price has crashed about 20% this last 2 weeks

[divinausa1] 14/1/2010 08:12

Iron Ore Prices To Rise 50% In 2010-11 - Merrill Lynch


SYDNEY -(Dow Jones)- Contract iron ore prices are set to rise by 50% to US$85.60 a dry metric ton for the 2010-11 period after a much faster-than-expected recovery in iron ore and steel markets, Merrill Lynch said in a note dated Wednesday.

Merrill's upgrade--from its previous forecast of a rise of 15%--is, so far, the most aggressive of the investment banks. While many other banks have recently hiked expectations, their expected forecasts are centering more on a 20%-30% price rise.

UBS, for instance, is currently forecasting a 20% increase.

Major iron ore miners Vale S.A. (VALE), BHP Billiton Ltd. (BHP) and Rio Tinto Plc (RTP) are yet to settle annual benchmark contract prices that come into effect at the start of the Japanese financial year on April 1 with major steel mills.

"Just as in 2005 and in 2008 when prices went up 71% and 65%, respectively, we expect iron ore prices to significantly surprise on the upside," said Merrill Lynch.

For the 2009-10 period, benchmark prices were cut 33%.

Spot market prices are currently trading about 80% above contract prices, indicating tight supply.


-By Elisabeth Behrmann, Dow Jones Newswires;

[divinausa1] 11/1/2010 06:51

Should get a nice high price for its Marampa iron ore project in Sierra Leone :-)

[chartsmart] 11/1/2010 04:24

China's iron-ore imports for December were the second highest on record. Commodities on the rise still and CFE is one of my favs for 2010. Their PPN holding will be looking up after the rise in Canada.

Nice move up in Oz.

[ianbrewster] 08/1/2010 09:27

Also chart for CFE - just because I can!!

[ianbrewster] 08/1/2010 09:25

don't know if anyone else still has their GFE shares, but seems to have taken off recently



btw - XJO is the ASX 200 Index

[okuta] 07/1/2010 08:55

Thanks Divina , 56c now so moving nicely,bit more action like this at GGP and we would be away with the mixer,thanks your input , regards g

[divinausa1] 07/1/2010 07:15

been moving up nicely this new year



Iron Ore Reaches High as Goldman Sees 'Panic Buying' (Update3)

[okuta] 02/1/2010 17:45

I'm with you Divinausa,according to contributors on Hot Copper we should see some action as early as Mid January,g l a , regards o

[divinausa1] 02/1/2010 07:06

currently On Dec 31: 0.530 AUD

holding on to mine for the divi plus i expect more gains in 2010

[pelleeds1980] 30/12/2009 12:02

I just spoke to TDW and not sure why but Halifax transferred this as a German stock line. I asked TDW to sell for me as I need the cash and its more than I thought it would be after all this time.

[pelleeds1980] 29/12/2009 18:21

Cheers chartsmart just got this yes I was referring to the old CLIO shares - held with a non ASX broker (Halifax) now moved to TDW will call them tomorrow

[chartsmart] 23/12/2009 15:11

Pelleeds are you referring to the Cape Lambert shares on Aim?, Cape Lambert was delisted from AIM back in Feb and now is only listed in Australia, if you still held the AIM shares when they were delisted then they would have been automatically moved to the Australian register.

The Aussie ticker is CFE (ASX:CFE). TDW covers international shares so I can only assume that you should be holding them on the Australian Stock Exchange. I have no idea how TDW structure their online accounts for foreign holdings so I would give them a call.

[pelleeds1980] 23/12/2009 11:31

Got this transferred to TDW now - its showing up in my portfolio with ticker HM5 which it doesnt recognise and its in the Euro shares category and not UK.

The text says Cape Lambert so not sure if I need to call up and sort it. Can anyone confirm the ticker for this is it still CLIO and in the UK holdings?

[divinausa1] 08/12/2009 08:58

Cape Lambert wraps up Q Copper IPO

[okuta] 19/11/2009 11:57

Still edging up in Oz,some encouraging comments on the Hot Copper thread/regards g

[divinausa1] 18/11/2009 07:52

Cape Lambert launches prospectus for AU$214M Q Copper IPO

[divinausa1] 18/11/2009 07:39

sp going up nicely last few days

[ianbrewster] 30/10/2009 20:33

Chinese eyeing Cape Lambert mine

AAP

Chinese parties are eyeing Cape Lambert Iron Ore Ltd's Lady Annie copper mine in Queensland that the deal-focused miner expects will be among several asset sales by Christmas worth about $430 million in total.

Chinese firms are also interested in Cape Lambert's 35 per cent-owned Marampa iron ore project in Sierra Leone, executive chairman Tony Sage told a briefing in Perth on Wednesday.

"I can tell you right now, we've got three Chinese groups crawling all over Lady Annie," Mr Sage said.

"We've got three Chinese groups crawling over Sierra Leone trying to buy either the (African Minerals-owned) Tonkolili asset or the Marampa asset.

"I know they're in Cameroon talking to Sundance. They'll be in our (doorstep) very shortly."

Mr Sage said Cape Lambert expected to receive at least $150 million in cash from the Lady Annie sale.

The mine, which was expected to bring in more than $1 billion in revenue at the height of the copper price boom, was acquired by Cape Lambert for a mere $80 million from the collapsed firm CopperCo in May amid depressed prices for the commodity.

"We've gone out and marketed this operation and had two offers, but the best process for us is an IPO (initial public offer) process," Mr Sage said.

"We get to retain an interest ... of five to 10 per cent .... mainly for tax reasons.

"I think we'll be pretty safe raising between $200 million to $250 million but that's all dependent on doing a full bookbuild on our next roadshow."

Mr Sage said the company expected to receive $US100 million ($A114 million) for its stake in Marampa.

"What did it cost us? $2 million," he said.

"I think something will happen before Christmas on that one."

The company's other assets will be proved up to make them attracted for acquisition, then offloaded at presumably a substantial profit.

Mr Sage said the market was now aware Cape Lambert wanted to be a mine developer, not a miner.

He said the company was producing copper at Lady Annie because stockpiled ore could be processed with minimal effort.

"We're doing that just to cover our holding costs," he said.

"I've always vowed not to be a (mine) operator."

Mr Sage said a $50 million dividend would be paid to shareholders in the March quarter, subject to the sale of Lady Annie.

[divinausa1] 16/10/2009 08:01

up 10% over in Aussie

:)