China Africa Share Discussion Threads

[soulsauce] 07/11/2013 10:02

Building ahead of the feasibilty study and when it moves it moves fast, very short supply of stock ;-)

[parvez] 07/11/2013 09:51

who knows it might just do that!

[anotherardbeg] 05/11/2013 19:50

If this gets to a quid I'll have enough for a dirty weekend.

[danieldruff2] 03/11/2013 21:55

Looking at the current state of WTI, I would guess they want to acquire regional copper deposits to lower their unit cost of production from existing operations (they are running a processing plant at about half capacity) so I can see them selling out of CAF completely after FS at an acceptable price and using the cash to expand their existing copper operations.

[soulsauce] 03/11/2013 21:18

Cheers G78 thanks for your thoughts.

[greenroom78] 03/11/2013 21:12

It wasn't so much the dilution that concerned me but more if they do it internally. The Chinese could fund that dilution and end up with over 80%, I then question the point of the AIM listing.

I do still hold mine and have continued taking a punt by adding a few more. Tough one to call really as I have no experience of a similar situation.

[soulsauce] 03/11/2013 21:06

Chaps,

I know you can take nothing for granted in this game but the feasibilty study outcome looks a formality. The grades are high with many years of mineable product in situ and with much of the infrastructure already in place (mine shaft, some processing equip', workforce etc).

Of course anything is possible but there are very few shares available and when this moves it moves fast and you struggle to buy even 500 shares.

I don't believe dilution would be much of an issue G78. If they diluted 100% by issuing another 25m shares at circa 30p+ (on good news) they would have more than enough to get this mine up and running.

The way I read it CAF was set up with WTI's assistance to provide ECE with the Berg Aukas mine (which WTI could not work at the time due to it's own troubled past) and to find other projects in Namibia for ECE. I don't see why that relationship would change anytime soon. But I could always be wrong.

This has spiked on average news before so I am happy to sit and see where a positive feasibilty study and mine plan takes us.

GL all.

[greenroom78] 03/11/2013 19:50

My concern was that or that they dilute us out of the picture to progress beyond feasibility.

Still holding my few from the WTI days, haven't held WTI for a long time though.

[danieldruff2] 03/11/2013 18:40

soul, I've been looking at this one recently after taking a small stake in WTI in the last week. Plenty of comments in the past about Berg Aukas being just the start etc, but with the way the bottom has fallen out of the small cap sector, my thoughts were more along the lines of:
Chinese own 65%
WTI own 25%
Add them together and you get 90% and the company can be taken private.

Do you think it's likely that post-FS, the Chinese may simply buy up WTI's stake for an agreed price and that's the end of the story?

(formerly posted as vosene btw)

[soulsauce] 03/11/2013 17:21

Getting ever closer to the results of the feasibilty study before the end of the year.

Fairly old piece but sats it all:-

hxxp://www.bus-ex.com/article/china-africa-resources

[soulsauce] 29/10/2013 09:26

From a recent WTI meet:-

Q5. How are things progressing with CAR and your ECE partners?

A5. We are working our way through the pre feasibility study for Berg Aukas and you can expect some news flow on this in the coming months, but the first indications are encouraging otherwise we would not be proceeding with the study.

[soulsauce] 25/10/2013 13:16

A few decent buys today, hopefully volume and share price will continue to increase as we head towards the news due soon.

[soulsauce] 15/10/2013 08:54

From WTI results, all still on track:-

Berg Aukas and China Africa Resources plc
Weatherly has a 25% shareholding in China Africa Resources plc, and administers the business under the provisions of a management services agreement. The primary focus of China Africa Resources has been the progression of the Berg Aukas feasibility study. The drilling results that confirmed the JORC resource were very encouraging and the feasibility study will be completed before the end of 2013.

[duxy786] 24/9/2013 23:52

Glad I added here at 16-18p...long term, CAF is one of the most tightly held stocks which will be impossible to buy when the RNS hits...top up when possible...that's my take here

[soulsauce] 24/9/2013 15:04

epiphany exactly my point, when news comes out you won't be able to buy more than 100 at a time and that will be above 30p.

[epiphany99] 24/9/2013 01:12

Well this has suddenly come to life.

Pump and dump on the way again or something more substantial?

New is due at the start of next year, so perhaps someone is getting in early and storing some profits here?

Whatever the case, goes to show how tightly held this stock is

[daicaprice] 23/9/2013 13:16

Sorry wrong BB.

DC

[soulsauce] 23/9/2013 12:36

Continuing it's steady climb. When we eventually do get some volume on news this will pop.

[soulsauce] 18/9/2013 10:05

Ticking up on every buy now shows how tightly this is held, any decent buying pressure will zoom this up.

[soulsauce] 16/9/2013 16:17

With a JORC of 1,264,800t @ 15.5% Zinc, 3.8% lead and 0.33% Vanadium we get quite a value. I am sure the feasibility study will be good epiphany and therefore the mine get the go ahead.

I am working this different to you and buying when I can as I know when this goes it's so tight you are lucky to get 100 shares at a time.

196Kt Zinc has a value of $372m

48Kt Lead has a value of $103m

4Kt Vanadium has a value of $96m

Total $571m

Other projects that are close to feasibilty study completion usually start carrying some risked valued, yet there is nothing in our valuation for that for whatever reason. And this is a mine which has most of the infrastructure already in place, it's for all intents and purposes a ready to go mine.
Even 10% would be $57m or about £35m.
Add to that any other projects that might be added and there is significant upside here. Feasibility study still on target for year end for Berg Aukas.

[epiphany99] 05/9/2013 10:56

I've actually sold out of this one while other stocks are so hot. I'm planning on getting back in, in a few months as this is so tight, the project looks like it is actually going to happen and it appears to be on no one's radar.

I think a great opportunity beckons later in the year

[soulsauce] 30/8/2013 13:26

scyther agree things can be a bit glacial but don't forget they are looking for other mines as well and the mkt cap is two thirds made up of cash.
The thing is when this starts to spike you can't get hold of enough shares to make it worthwhile and that is why I have been steadily topping up at the bottom for the inevitable next spike which this time I believe will eclipse all spikes before it. Just IMO though.

[scyther] 30/8/2013 13:19

No spikes here anytime soon. The PFS is expected by year end and these things are usually late.