Share Name Share Symbol Market Type Share ISIN Share Description
China Africa LSE:CAF London Ordinary Share GB00B3ZW6Z85 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.50p 4.00p 5.00p 4.50p 4.50p 4.50p 1,086.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.4 -1.7 - 1.04

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Date Time Title Posts
05/12/201609:20China Africa Resources - Weatherly/Chinese JV728.00
03/10/200612:23Whats The Score Here11.00

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China Africa Daily Update: China Africa is listed in the Mining sector of the London Stock Exchange with ticker CAF. The last closing price for China Africa was 4.50p.
China Africa has a 4 week average price of 4.78p and a 12 week average price of 4.23p.
The 1 year high share price is 16p while the 1 year low share price is currently 2.25p.
There are currently 23,076,924 shares in issue and the average daily traded volume is 355,470 shares. The market capitalisation of China Africa is £1,038,461.58.
paleje: Placing ahoy usually sends down not up? I wondered if they might be in talks to get rid of, zinc outlook still not great but even at current prices the asset must me worth a few times the m/cap. I'm still holding from the old Weatherly in specie payment and had more or less written off but the flurry of activity caught my attention. Daft that pocket money can shift a share price 60%:)
danieldruff2: It's all about the quality of the assets. CAF - we don't yet know but should find out very soon with the imminent feasibility study. If it's a dud then the company is worth diddly squat, if it's good then the market cap here is far too low. For the study to have got this far it must be no worse than ok. WTI - the price reflects the crummy underground mines they are trying to run, but will eventually reflect the much better Tschudi project. I would expect the share price to gradually rise to reflect this. Copper price is around a 6 month high so that should have supported their current production.
knigel: Of course there will be a correction at some point - but probably not until the update has been issued (and hopefully with the share price even higher)
knigel: Also would a placing be a negative? As long as it was close to current share price and would enhance shareholder value in the long term - fine by me. GL
idontpost: From Rod Webster,s presentation at Minesite last year, I think they were looking at $60mill ebitda per annum from Berg Aukas. Assuming 3x ebitda valuation would be £112mill or £4.86 per share (21x current share price). 2x ebitda its £3.23 per share. This is all from their first project Berg Aukas and is subject to confirmation in the feasibility study due shortly. Then, they intend turning CAF into a "global resource company".
idontpost: Would make sense to do so i think. The share is tight, tbat much we know with only 23mill shares in issue and 21mill held by east china explration and weatherly. But the first project berg auas exploration assays due soon and they have already confirmed mineralisation seen. Then the feasibility study due byyear end and that should deliver a major share price move again if the study bears out what the ceo said at minesite ast year. Market capitalisation is £5mill with £2.5 mill in cash. Very cheap based on current fundamentals and even more so when you realse east china are using caf as their vehicle to build a major resources business. I thinkyour £1 target Chrustianf12 is way understated for what this business may achieve.
idontpost: So we are due an update on the feasibility by year end and likely before then an update on the exploration work, drill data and news on the JORC resource calculations. The market needs to move CAF share price higher to attract sells and keep liquidity going. I will be holding onto my stock tightly as I believe wholeheartedly that the shareprice will be significantly higher in due course on the basis of the progress at Berg Aukas alone. Then there is something else that I also want to draw to your attention that has been missed by all will just get the info now.
idontpost: In which case doesnt matter if you buy at 20p or 25p I suppose. Caf price should start to move on buys now. I have noticed that when available volume drops below 10k, the next buy seems to move it.
idontpost: Have been accumulating here fr a while. Market capitalisation is £4.2mill. Cash was £2.7mill at end of june but that is being applied to undertake the feasibility study at berg aukas, the namibian zinc silver lead vanadium project. Partnered with east china exploration, who will likely fund the capital cost for the berg aukas mine construction. East china do this kind of thing commonly. Bought more today. That video is great disarming. It shows the mine plan in detail and demonstrates the seriousness of their project. Looks like a mine is on the way, but we have to see what their exploration assays show for short term upside and mine life extension. Enterprise value and share price is going to look bizarrely low soon, but as the company is poor with communications the share price right now is a gift.
fairdeal2008: Agree with the rationale g78, but the market works in mysterious ways. Companies do seem completely unable to comment about share price devastation, but seem to be driven (presumably by advisors) to comment when the share price moves upwards. It has to be expected that after a period of market turmoil the share prices could rerate and, it has to be said, the movement in CAF recently still left the share price a long way short of the 'at cost' 40p ipo level. On the plus side, it is good to see the operational update, and everything is moving forward with a cash position now of £3.8m. As a reminder, this is what the admission document actually said: Activities Initially, the objective of CAR will be to carry out a full feasibility study on the Berg Aukas Project, which is expected to commence shortly after Admission and to be completed by the end of 2012. The total cost of the feasibility study is expected to be US$3 million over the full period and will be managed by Weatherly pursuant to the terms of the Management Services Agreement. Subject to the feasibility study confirming that the Berg Aukas Project is financially viable and CAR being able to raise further funds, the Company's intention is to bring the mine back into production. Whilst the immediate focus of the Company is the development of the Berg Aukas Project as described above, the Company's overall strategy is to build a profitable and widely based resource business and the Directors expect this to include the acquisition of additional assets from Weatherly, ECE or third parties. ------------------ This type of announcement does serve one side purpose I suppose, to allow the MMs to pull the price back and shake some stock, but I note, with confirmation all is on track, I imagine people will start to look more seriously at CAF now rather than not realising the potential which I think was the case before. imho
China Africa share price data is direct from the London Stock Exchange
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