Charles Street Share Discussion Threads

[lufc5] 27/10/2012 14:33

MB.
Looks an interesting venue....
;o)

[dr rosso] 27/10/2012 14:32

Was surprised to receive an e-mail reply from Al M several months ago confirming they were doing dd at the mine. The cpr should be available as part of the Readmission Doc which will be released in Nov.

[negotiated_raid] 27/10/2012 14:31

Good luck Miracle.

[miracle_boy] 27/10/2012 13:47

NR,

Yes, had only a couple of grand in here. If I get enough back for me to have a dance down sophisticats i'll be happy.

[lufc5] 27/10/2012 13:38

Done!!
Click on the "skip header" tab.....simples.

[pwhite73] 27/10/2012 13:34

Everybody finds the header too long and its not possible to skip it. No need to start another thread yet. All we need in the header is the company link and the new directors. The graph hasn't moved for two years so that's not required. Thanks from us all in advance.

[pwhite73] 27/10/2012 10:46

Dr Rosso

If my memory serves me correct I believe they have already received a Competent Persons Report on Mitterburg from Al Maynard & Associates (or was it Al Murray the pub landlord, you can never tell with this company). This is where the figures for the copper ore in situ should be taken from not Greg Barnes website.

Has anybody seen the CPR?

[carrera91] 27/10/2012 10:03

yeah shorten the bloody header man lol

[dr rosso] 27/10/2012 09:52

Tanbreez claimed ownership of Mitterberg copper mine when I spoke to Greg Barnes 18 months back and he knew nothing about the mine being sold. Perhaps his Co. held 20% part of it and Centurion now has an option to buy for £400k. "Centurion will acquire 80% of Mitterberg for a consideration of £550,000 to be satisfied by issuing 55 million new ordinary shares in
the Company. The previous consideration was £1 million for 100%. Centurion will
then hold an option to acquire the remaining 20% for £400,000 to be settled in cash or
new ordinary shares."


The interesting thing in the link is the reserves estimate.
"Over the past 20 years we have been working in Austria and have a number of gold and copper properties that are exciting prospects. For example, the Mitterberg copper project includes reserves of 2,500,000 tonne of probable ore and 3,500,000 tonnes of possible ore all running at about 1.4% copper."

Having spent £550k, the Co. still has £450k left from the placing + another £450k cash from previous.
Starting to look a bit more promising. There`ll be a rush for the exit on 8 Nov, but if it goes to 0.7p, it`s going to be a good buy opp rather than a good bye opp.

Using a midpoint of 3m t, that gives a massive 42kt copper. At spot $10k per tonne, Mitterburg is worth nearly half a billion dollars. Spend a year and £1m surveying and drilling, then there`s a substantially profitable mining op in prospect.

Updated Tanbreez website now contains ref only to Greenland, nothing at all on Austria.

[stav5001] 27/10/2012 00:31

I was the only PI at the CHC AGM 

Greg promised that they would relist, and the engineer I spoke to at some length after the meeting was very positive about the prospects for the possibilities of new find. 

When the mine was closed, they were in the process of digging a long tunnel away from the existing workings, through solid rock at great expense, and had almost completed an air shaft to service it, they must have known something to commit those valuable  resources. It is not the type of venture undertaken on a whim.

[pwhite73] 26/10/2012 23:51

The header is far too long. Just the names of the directors and the website link is all that is required.

[negotiated_raid] 26/10/2012 18:14

Ah, Miracle_Boy - aren't you one of my NEW colleagues?

You're not in this delight aswell are you?

[lufc5] 26/10/2012 17:24

We are now on the "list".

[lufc5] 26/10/2012 16:25

Chortle chortle Dr J.
Leeds United (dirty Leeds) to most.
;o)

[lufc5] 26/10/2012 15:39

marab. Oh tiz been only a mere 23 months......

[marab] 26/10/2012 15:29

LUFC5 - I would be happy if there was just a graph on it showing the share price steadily rising ;-) Actually I would be happy with a graph showing any movement at all.

[carrera91] 26/10/2012 15:21

Think i average around 0.5p actually, learnt a good lesson here though, if i can recoup a couple hundred quid so be it, be happy to hold as a fun punt see how it goes now at least its relisting!

[dr rosso] 26/10/2012 15:19

Yep, 0.35p pre-susp, pre-consol. You now have 20x fewer shares, which means 7p for break-even.

[carrera91] 26/10/2012 14:13

What did it close at i think i average 0.35 p ish?

[dr rosso] 26/10/2012 14:04

Austrian gold cousin in similar situation and valued at £6.79m. That valuation here on CNT copper play .. 228m shares would give a share price of 3p.

[lufc5] 26/10/2012 12:48

If you want pretty pics, flashing banners, bells and whistles then I'm afraid I certainly aint ya man for that.
What you see above is all I can stretch to.
I failed at techy nerd school.