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Real-Time news about Cic Mining (London Stock Exchange): 0 recent articles
|share_shark: Despite the fact that we have negativity on this bb regarding the company, I just cannot get over the fact that I am now a very rich lady with my investment here, since I invested in the company at well below a 1p.
The share price is still 288% above its share price a year ago.
It is a life changing situation for me and I hope several others are in the same position.
The FACTS are these.
We have moved on and the share price has risen well.
I have beaten the banks with my 4% div to come which is double what the share price was(2p) when it was declared.
The NAV is quite incredible having increased exponentially over the past year.
I am so looking forward to the Finals and even more so Q1. If the share price at the time we receive the divi, is higher than it is now, then that is a bonus I welcome and am sure many others will do too.|
|mikes5557: CICR- think the price will certainly rise once the results are out and it will be a shock rapid rise.If its own forecasts are met re the last update.
What interests me is if the rise is sustained will the share price continues to creep forward.
If the results are that good then the IC should pick up on them.
If it does its bye bye low penny share price as we get into the teens and twenties.|
|share_shark: Answer for goulding from sense2 on Lse regarding the dividend.
Dividend.Tue 09:53Apologies SS a little late in coming back;
Forecasting the next dividend is difficult as we have only the first one to model on.That was at 4% of holdings registered by a fixed date given as B class non voting shares to be exchanged for A class shares which can be disposed of at the prevailing price one year from last Julys declaration.
In essence when the dividend was declared the share price was in the region of 2p now its in the region 5p that is a 150% uplift in the dividend if it was collectable now.
Forecasting the value of the dividend at date of collection:-value will depend on news flow and the perceived investment reception value of the flow(results) . My belief as described before is the results will be a marker in the companies history by giving a more defining means of valuation through an expected eps which will allow the markets to value the company rather than just on assets alone.If that is the case then an exciting reaction may happen in that share price will gather momentum and tick forward out of the low penny share sector.So adding those if, buts and maybes up we can look forward to a dividend in the region 8pps + or - I do not expect those who sell their dividend share to cause the share price to have any reaction.
With regard to forecast new dividend issued to registered holders of the stock expect it to react in a similar way over the next year but in a far more substantive manner.
Also we should begin to expect brokerage recommendations and IC reviews coming through which will add interest.|
|share_shark: From sense on Lse.
In the past few days it is noticeable that no stock or very little is for sale, what has come onto the market has in general found a buyer,by that I mean someone who has bought to hold in expectation of good things to come which will when they do certainly lift the share price.
To this end it will be good to see how the audited accounts compare with last year,I expect that the balance sheet in terms of cash to hand and booked asset value will again show and confirm good progress.It would be very good to get more of an idea from the BOD as to how extensive the companies work programme is also once the company results and future begin to get noticed elsewhere the share price should pick up of its own accord and move forward I am positive that this will happen in the not too distant future,bearing in mind the discount to actual and known potential booked asset value as it is now let alone the future potential of all those IPOs to come plus the possibility of another dividend which was 4% last time for the free float which is currently 5p per share and will be 100% of the share price when collected in 3 months time(if the share price is 12p at that time then the dividend is 12p per share.)The only variable dividend with the highest potential I have ever seen.I am not selling anything including keeping my dealing stock.I would advise others to do the same simply because the potential of this well run company is staring everybody in the face if they bother to research correctly.|
|share_shark: A couple of us here and on LSE have been long term(? ) shareholders .I say that tongue in cheek because CICR have only been on AIM since 2010.
So a great deal of research has been done, whether you believe it,is up to you but that includes the history of companies which have been associated with CICR prior to its AIM listing such as Bagla Hills, which STILL is connected in as much as the licenses are STILL with CICR,even though mining there is a no go area at the moment.
Now here is a post by sense on LSE. I agree with this posters sentiments.
Opinion: No Opinion
Value thoughtsToday 09:40News not this morning so any time. MInd you I have often said before news imminent ,my suggested timings are usually out if not carp. BUT a news release always occurs and one will be on its way.
I would like to see the content of the coming release as it will add credence to the web site information and maybe information on how to value the third IPO, we know at the moment the minimum asset base is in the region of 24p on IPO of Gold and Emulsion and considerably more if the RIS released by the company are checked back,and the price of Emulsion goes out for more than the standard double.Then look at the 60% royalty that will be coming in from E.that will eventually filter down into dividends for CIC.Also the Gold IPO more information concerning its interests and values and plans will be good remembering that each time an IPO is done,the target is a share block retention of up to 48% of that companies holdings.
What that means is not only do we have the growth asset value factor booked for the launch of the IPOs within CIC but we need to keep an eye on each individual IPO to keep up with the share price of that IPO to be able to assess the value of CIC in real terms.
Now that with the number of planned IPOs for next year would mean there are 11 launched IPOs by the end of next year .So 11 company share prices to watch monitor and assess to be able to value CIC.At the end of the day a further known 16 IPOs subject to mergers acquisitions etc., That would mean 27? company share price to watch on a daily basis to calculate the asset value of CIC.Plus additional business in the form of more IPOs for once the company gets seen to produce .
That means the BODs target of the Footsie 250 is within reach so is the price of a £1 per share plus has some backing behind it Just so long as the company progresses at something like the rate it is suggesting.
So the share price of CIC will be created by the initial booked value on an IPO launch,work in progress etc., Dividend from its holdings as when companies mature to that point.plus not least but last the share price of each individual IPO.
THAT is why I think these share are so very undervalued. Not only in the short term but for the long term as well.|
|ultrapunch: My largest holding is LRL. A poster called Pro_S2009 was very actively de-ramping LRL on advfn threads, iii and lse (called Proselenes on lse) up to a month ago. He stopped posting exactly a month ago when the share price dropped to 12.5p. Presumably he stopped posting because he thought his work was done. LRL is now 16.5p.
I also hold COOL. That has been ferociously de-ramped recently by apparently a number of posters on advfn, but most probably by one person with numerous idiotic id's all recently acquired. The COOL share price dropped to around 3.5p after the spike up in January. It had a 16% rise today to 4.5p.
Any share that has been the subject of a big spike up, like LRL, COOL and CICR, is fair game for the de-rampers. I can't make up my mind on 1/ whether they are paid to de-ramp, or 2/ they are shorting the share they are de-ramping, or 3/ they hope to push down the share price so they can buy in cheaper, or 4/ they are just opportunists who know that any share that spikes up massively is bound to fall back on profit taking so by de-ramping a share when it starts such a normal decline they can appear to be clever and appear to able to move the share price by their posts.
Regarding kitten25, he, or she is obviously ramping or maybe de-ramping. I can't make up my mind which because though kitten25 is telling other posters to look at CICR in one-line posts on different bb's (11 posts in all since profile created on 27/1/2013) there is no obvious ramping going on. Possibly kitten25 is ramping. Obviously ramping of shares on advfn is just as prevalent as de-ramping. However the former is more understandable because a ramper is trying to push up the share price of a share the ramper owns. De-ramping is a complete mystery, unless you have a financial interest in seeing the share price go down, because why would anyone post on the bb of a share they don't own? I could understand the odd post, but de-rampers continually post on shares they don't own and don't rate. They have to have an agenda otherwise why waste ones time? If I was bearish on CICR and had sold my shares I wouldn't waste my time reading or posting on this bb. So what is your agenda moz8? Don't tell me you don't have one because I wont believe you!!
EDIT: advfn should ban all posters currently posting with more than one active id.|
|ultrapunch: share_shark. You know much, much, more about CICR than I do. When I get the time I will read all the CICR RNS's and the AIM admissions document. However reading some of the recent RNS's, all issued on the 30th January, the information on those 33m shares sold for 2.5p varies depending on what RNS you read!!
The 1st exerpt is from the "Working Capital" RNS and the 2nd from the 3rd Quarter results. The 1st excerpt mentions Benxi as the seller of the shares and the buyers as a syndicate of sophisticated investors. However the 2nd excerpt states that Mr Quan Hao owned the shares and implies that the buyer was the Balfour Fund. Who did own the shares and who bought them? Perhaps you can shed some light on this particular transaction share_shark? Are Hao and Benxi one and the same and is the Balfour fund just a syndicate of sophisticated investors and what's to stop them selling some of those shares, for a quick profit, in the market?
"d) Benxi Shares
The Company has been providing advisory services since 2005 to Benxi Steel Group. Benxi conducted a placement in the Company in 2005 and the Company held the placement shares namely 33,000,000 as security against service provided.
The Company received approval to sell the 33,000,000 shares in the Company in respect of those services to a syndicate of sophisticated investors at a price of 2.5 pence per share (being the price at the time, the transaction was initially provisionally agreed) raising approximately GBP800,000. The transaction will enable further reduction in debt, reduce major shareholders interests and increase free float common stock."
"Working Capital Funding
The Board of CIC is pleased to announce that it has agreed that Balfour Fund (ÒBalfourÓ) will provide the Company with an additional £669,054 of working capital for the Group. Funding is expected to be received by the Group during the current quarter. Balfour has already advanced loans of £170,000 to the Company in August and November 2012. In consideration for the funding, Balfour will be sold for 33,562,170 existing CIC shares (plus an equivalent number of warrants) representing approximately 22 per cent. of the CompanyÕs current issued share capital. The sale equates to a price per CIC share of approximately 2.5 pence. This price was agreed at that date of the initial loans were received in 2012 and equated to the CompanyÕs share price at the time.
As stated in note 17(d) to the audit accounts of the Company for the year ended 31 January 2012, the principle shareholder of Benxi Steel Group (ÒBenxiÓ), Mr Quan Hao, participated in a fundraising in the Company in 2005 in return for which he was issued with 33,562,170 new CIC Common Shares (the ÒHao SharesÓ). Separately, the Company has been providing advisory services to Hao related companies since 2005. The value of these services equates approximately to the value of Hao Shares. Pending payment for those services, the Company has retained security over the Hao Shares. Each share has one warrant at 2.5 pence exercisable 31 July 2014. Mr. Hao has agreed that the Hao Shares be sold for the benefit of CIC to settle the debt owed to CIC by Hao related companies.
The sale of the Hao Shares is a related party transaction, being inter alia a transaction between Mr. Hao who is a substantial shareholder (approximately 22%) in the Company and CIC. The Directors of CIC consider, having consulted with Cairn Financial Advisers LLP, the CompanyÕs Nominated Adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned."|
|ultrapunch: You are ompletely WRONG ftse. Read the RNS again!! Mr Hao sold his shares at 2.5p to Balfour and the proceeds were given to CICR in payment for advisory services, less the £170k CICR owed to Balfour.
Why did Mr Hao sell his CICR shares for only 2.5p instead of holding on to them and paying CICR with cash? Especially as he sold them after holding for almost 8 years and CICR are now on the brink of great things according to the CEO. Why? IMO because he had no money!!
PS everything you need to know about CICR is contained in the RNS's. READ AND DIGEST THE RNS's, ftse!! That's why I hold CICR. Not because of what I read on the bb's. I never believe posters on these bb's, like mikes557, who say they have inside information or possess information not in the public domain. Believe the share price!!|
|andrbea: post on other thread
Asset Discount of 63% ! Artificially inflating the share price?Where is that statement coming from? Have you forgotten an NMS of just 30000. Not only that assumptions and presumption are being made based on what? what information? On a number of posts, somewhat less,one might add than the ones posted over time displaying your confidence in this stock?which is not unfounded. Now the question has to broached;-Is there a reason for not wanting this stock to be well know? Is it because of a wish to see the share price for business reasons maintain its position,.possibly because of a short position? A short position that would be showing a heavy loss since Dec 24th if not before. If so perhaps a little unsuccessful, The price moved from 2.45p on Dec.,24th to 4.35p last Friday and still has a lot of momentum purely and simply because of the expected news which on its own will probably double plus the share price So again how can a little well meaning thoughtful information spread be the cause for inflating the share price when its well within the expected aegis of the next RNS? Not only that but the share price is now 63% - - - sixty three per cent- - - - below its declared asset value. I like the sound of that so I'll repeat it- - -63% - - - - below its stated asset value.Its a solid reason for the share price to rise with a smile. Not only that the company is in profit as well. It would not surprise me if this share got out of bed and dragged its own price higher with that kind of discount. We both agree reading through our previous posts just how much hidden potential this share has. Thats apart from the declared asset base with all it previous threads and the point at which the company is at now So a rare hard prediction for the long term sp, perhaps looking for a minimum of 18 to 22p within the year if not well before on the basis of what is to be seen from the companies publications on gold,Fuel and many other items. 22p cannot be that far off as the asset value p.s is now11p plus and with the two IPOs will double to at least 24/26p add anything else in and the share price goes higher it has to simply because the company does not stop work when the 2 IPOs have flown,25 others are on the go over the next 2 to 4 years. The companies engines are at full speed working flat out for its shareholders. So welcome Mrs publicity with open arms.
|7bore: CICR...........................30 Apr 12
Shares in Issue................152.45m (152,451,777)
Share Price....................1.85p (1.7-2p)
Total debt - 31 Jan 12......£1.4m
Shares NOT in public hands.....93.06% (http://www.cicresources.com/aim26rule.html)
2x July IPO's..................15.33p/share
CICGROUP 30 Apr'12 - 15:34 - 571 of 571
The Debt Issue:
The only debt as detailed in the 31 Jan 2011 audited consolidated accounts is listing on AIM fees, tax and staff fridge costs. This debt is less that GBP1.4 Million. No other debt. This is public disclosed information on CICM web site.
Capital Deficiency relates to property write down to zero and is not debt.
The Company is a Canadian Company and can not record its asset value unless sold or those assets become part of a public company.
RNS dated 20.05.11
Capital Position - Separate to the Private Placement as referred to in the Company's Admission Document, the Company facility with Quan Hao of US$11.38 million announced in May 1, 2007 continues to be available to the Company. The Company has partially drawn down in the past on this facility prior to listing on AIM.
"From 1 Feb 2011 CIC became self sustaining from cash income." (http://www.cicresources.com/transactions_pm.html).
CICR CEO, Mr Stuart Bromley, has also been funding the company out of his own pocket as he does not want to see unnecessary dilution for investors.
Remember, CICR only had 1 asset on listing in 2010 (SL Minerals) but have now bought a whole host gold,diamond,iron ore and energy assets which are now close to the IPO stage and realisation of SUBSTANTIAL VALUE to CICR.
Since listing at 3p/£4.5m with just the one above asset of SL Minerals, CICR now has all the following as well...and its now 1..85p/£2.82m with 93.06% of shares not in public hands!
If CICR was valued at 3p/£4.5m in 2010 with just the one asset (SL Minerals), how much are they worth now after acquiring the following collection of gold,diamond,iron ore and energy assets?
Owns 14.19% of the Shangba Goldmine in China with:
GOLD HEAP LEACHING BEGINNING MAY 2012...NEXT WEEK!...FOR 30K-50K GOLD/YEAR !
ACTUAL GOLD PRODUCTION BEGINNING IN CHINA in 44 days time!
Shangba IPO in July 12 worth £7.2m or 4.73p/share!
93.06% OF CICR SHARES NOT IN PUBLIC HANDS !
Vatukoula Gold Mines (VGM)currently mines around 50k gold/year and is worth £44m!
They are not looking for it, not getting measured/indicated/inferred etc, not waiting for a bankable feasibilty study prior to production, "heap leaching of oxide gold will commence in May 2012 as planned at the ShangBa mine in Gansu, China" with ACTUAL GOLD PRODUCTION (30K to 50K oz. gold in its first year)IN 44 DAYS TIME...AND IN CHINA !
Owns 48% of 4 "significant gold concessions" via CIC Congo,on one of Africa's major Gold Belts,located next to the Banro Corporation. Banro Corporation has to date identified 6.72 million ounces of measured and indicated resources, plus inferred resources of 4.46 million ounces. This is also very advanced. In the 26 Apr 12 RNS,CICR said:
"Mr. Su and a technical team will arrive in May 2012 to establish base camp and other logistics to start the process of future oxide gold mining operations planned for 2013. Initial bulk testing for oxide gold mining has been completed."
Owns 33% of Emulsion Fuel Limited,demonstrated significant fuel cost savings.
Remember, BIG NEWS is also expected here in 6 months time as CICR statred, in their 26 Apr 122 RNS:
"Emulsion has recently entered into an agreement with a Chinese shipping group to field test Emulsion fuels in their large container shipping fleet within the next six months for which Emulsion will earn a percentage of the cost of fuel saved using its technology"
Owns 9% of Sino Steel Limited, a low grade iron ore company in China
Owns £1.2m of shares in Arctic Star Diamond Corp,a Canadian diamond mining company,bought on 13.12.10. How much are they worth now?
Will soon own "up to 6%" of Tianjin ,a £1 billion revenue company!
CICR RNS,dated 11 Apr 12 stated CICR "is due to be issued with up to 6% Tianjin Energy Group Limited of the enlarged equity of Tianjin on its IPO",a £1 billion revenue/£25.4m profit company, believed to be the only private enterprise in China to be granted an oil terminal licence.
As stated in CICR's RNS,dated 26 Apr 12:
"Tianjin, an oil import/export company had turnover in 2011 of RMB 11.2billion and profits of approximately RMB260m."
CICR will own "up to 6%"
Remember, CICR "is due to be issued with up to 6% Tianjin Energy Group Limited!" so this massive news could come at ANY time
Has an MOU with China Railway Materials Commercial Company Limited,a large scale Chinese state-owned corporation specialized in the integrated provision of railway materials and equipment for almost all the major railway construction projects in China.|
Cic Mining share price data is direct from the London Stock Exchange