Connemara Share Discussion Threads

[riskybiznizz] 21/7/2013 11:25

Be very very quick on Monday! A battered share price is going rebound hard this week.

19 July 2013
FRONTIER MINING LTD
("Frontier" or "the Company")
Publication of Expert Independent Report
Frontier Mining (AIM:FML), the AIM listed exploration, development and production company focused on Kazakhstan, announces the publication of an Independent Expert Report, by Wardell Armstrong International, entitled "Review and Preliminary Valuation of Baitimir Project Located within the Naimanjal License Territory NE Kazakhstan, dated 16 July 2013."
Wardell Armstrong International (WAI) is an independent engineering and environmental Consultancy, which has provided the mineral industry with specialised geological, mining, and processing expertise since 1987. WAI was commissioned by Frontier to prepare a scoping report to include a preliminary financial evaluation, based on data provided by Frontier up to 25 December 2012, of the Baitimir project. The project is located within the Naimanjal license, and is comprised of the Baitimir, Yubileiny and Beschoku copper deposits.
This report documents the geological block preliminary modelling and mineral resource as at October 2012, and is a non JORC (2004) compliant desktop report.
The results of the financial modelling show that, when applying various discount rates between 8% and 20% the model produces Post Tax Net Present Values of US$17 million and US$67 million respectively based on income from the recovery of copper, silver, gold, magnetite and molybdenum. The internal rate of return (IRR) for the Baitemir and Beschoku projects are approximately 40% with a payback period outlined in the report of 2.73 years. Wardell Armstrong estimates that the cash operating costs over the life of mine are approximately US$10.01 per ton of oxide ore processed and US$19.79 per ton of sulphide ore.
DCF Model Results (Before Funding and Debt Service):
NPV@ Discount Rate
8%
USD$m
67
NPV(Base Case) @ Discount Rate
10%
USD$m
53
NPV @ Discount Rate
15%
USD$m
30
NPV@ Discount Rate
20%
USD$m
17
IRR
%
40%
The review and preliminary valuation support Frontier Mining's view that Baitimir is an attractive project with robust economics. Frontier will keep all options open as to the optimal development strategy for the Baitimir whether that be from its own resources, through joint venture or through the sale of the project to a third party.
A full copy of the report can be found on Frontier's website: www.frontiermining.com
Frontier Mining Ltd
Yerlan Minavar
[phone]
Libertas Capital (NOMAD)
Sandy Jamieson
[phone]
RFC Ambrian (Broker)
John Harrison
Richard Morrison
[phone]
Walbrook PR
Walbrook IR
Lianne Cawthorne (Media Enquiries)
Paul Cornelius (Investor Enquiries)
[phone]

[sallad3] 17/7/2013 19:03

Got some very interesting feedback in person from London based specialist mining company securities lawyers today.

Come along to the AGM to find out more

[sallad3] 16/7/2013 09:32

Caveat

What Teeling actually said to me - in public and in front of witnesses - is that "you are stuck with these shares" and he then publicly accused me of Blackmail.

[caveat_emptor] 15/7/2013 09:37

I met a Con shareholder who disdainfully observed
that as long as a certain company retains it's
holding the management will be in no hurry to
facilitate it's exit!!!
We're marooned in the dogfight between these two
intractably opposed sides.

[tradermanic1] 13/7/2013 18:30

Talking to yourself is the first sign homo.

lol

[homeboy35] 13/7/2013 07:04

Why 1978 was the year the world never had it so good: We had the perfect balance of wealth, work and happiness

Genuine Progress Indicator (GPI) uses economic data as well as statistics relating to pollution, housework and car accidents among other factors

Found GPI peaked in globally in 1978 and has steadily declined since then
The only country to have enjoyed a continually rising GPI is Japan

Some experts are sceptical about GPI and say it is not accurate to use just one formula when assessing world happiness

Modern life and its trappings - financial crisis, war, the threat of terrorism and global warming - leaves many hankering after the good old days. And, according to new research, with good reason.

Scientists have discovered that despite an overabundance of polyester flares and bouffant hair, 1978 was the year that the world's quality of life peaked, after which it has gradually deteriorated ever since.

Australian experts used a novel method to track the social and economic progress of the world, taking into account various economic, lifestyle-related and ecological factors to come to their conclusion.

Until recently the standard method of measuring progress in a society was by assessing its Gross Domestic product (GDP) - basically a measure of all the money spent and earned in a given society.

But, as the new study explained, this has its limits, and can in fact give an inaccurate perspective on the happiness of the planet.

'GDP was never designed to measure social or economic welfare, and yet, today, it is the most commonly used indicator of a country's overall performance,' the study, led by Dr Ida Kuniszewski and Dr Robert Costanza of the University of Canberra's Crawford School of Public Policy, said.

It went on to explain that the most major issue with GDP is that it interprets every expense as positive.


Experts at the University of Canberra found that while global GDP - a measure of a economic progress - has increased (shown in green) over time, a more complex measure taking quality of life into account, called GPI (pictured in purple), in fact peaked in 1978 and never recovered

So, for example, an oil spill would be interpreted as a boost to GDP because large sums of money would be spent to mount a clean-up operation.

They explained that 'the [enjoyable] act of picking vegetables for your own garden and cooking them for family or friends does not fall into GDP.

'Yet buying a similar meal in a frozen food aisle involves spending money and a in turn results in a GDP increase.'

They said that a more accurate measure of how a society is faring would need to take a variety of factors - including economy, the state of the environment, and society - into account

One alternative measure - and the one they used - is called the Genuine Progress Indicator. (GPI).

GPI starts by using the same figures as GDP, but uses 24 other factors including crime rates, pollution levels, loss of wetland, car accident rates and even the amount of people who volunteer and enjoy housework to give a country its rating.

The study analysed data collected between 1950 and 2003 and followed 17 countries - equating to half the world's population - to come to their conclusion.



THE FACTORS USED TO WORK OUT THE GENUINE PROGRESS INDICATOR (GPI) - OR QUALITY OF LIFE - OF THE WORLD

Personal consumption weighted by income distribution index
Value of household work and parenting
Value of higher education
Value of volunteer work
Services of consumer durables
Services of highways and streets
Cost of crime
Loss of leisure time
Cost of unemployment
Cost of consumer durables
Cost of commuting
Cost of household pollution abatement
Cost of automobile accidents
Cost of water pollution
Cost of air pollution
Cost of noise pollution
Loss of wetlands
Loss of farmland
Loss of forest area and damage from logging roads
Depletion of nonrenewable energy resources
Carbon dioxide emissions damage
Cost of ozone depletion
Net capital investment
Net foreign borrowing
Source: Wikipedia


They found that on average, where GDP steadily increased without interruption, GDI peaked in 1978 and has tapered off ever since.

Read more:

[hvs] 11/7/2013 14:08

Watch it down with BERNAKE THE IDIOT in tow.

He calls himself a CENTRAL BANKER no clue about good husbandary.

[hvs] 08/7/2013 08:58

Its all a CON

[homeboy35] 29/6/2013 06:10

'Vitoria!' Mass protests force Brazil congress to reject 'bill of discontent'



n what in being seen as a victory for people power, the measure was defeated on Tuesday by Congress by 430 votes to nine; with the Rio Times saying the protests were "largely fueled by social media and citizen journalists."

The amendment, known as PEC 37, would have limited the power of state prosecutors to investigate crimes.

The protesters had argued that PEC 37 might have opened the way to more corruption; a problem which is endemic in Brazil.

Brazil ranks 69 out of 174 countries on the 2012 Transparency International index, a score that indicates significant problems with corruption.

The defeat of PEC 37 will keep public prosecutors at the forefront of the fight against corruption. If the amendment had become law, it would have granted power to carry out criminal investigations exclusively to the police.

Critics to the bill argued that it would have prevented prosecutors from conducting fair, impartial and effective criminal investigations, particularly into organized crime and corruption, in which the police themselves have been embroiled. In December last year 63 police officers were arrested after a yearlong bribery investigation.

The police in Brazil are amongst the most corrupt in the world and have been mired in recent years in a number of corruption scandals.

[sallad3] 27/6/2013 15:54

CON Accounts now available on the website

[caveat_emptor] 25/6/2013 09:07

Obviously Trampus can forget about raising any cash to
pay costs out of the sale of it's 6% or so....

[homeboy35] 22/6/2013 13:00

World Bank: Money Laundering Criminals | Interview with Whistleblower Karen Hudes

Published on 21 Jun 2013

Abby Martin talks to Karen Hudes, former senior executive at the World Bank, about her experience blowing the whistle on the high level corruption within the international financial system and how her story was censored.

[hvs] 20/6/2013 17:51

CAPITULATION

It was all a CON

[goulding1215] 13/6/2013 12:01

Lol, Marcello. Quote from the charlatan "I am not producing the Trampus results until after the Court Case". A total sham of a shell company and a disaster in the court. Zero credibility.

[marcello lippi] 12/6/2013 13:58

This is more interesting..............


Name & Registered Office:
TRAMPUS LTD

Status: Active - Proposal to Strike off
Date of Incorporation: 14/06/2011

[hvs] 11/6/2013 13:54

Enjoy!!!!!

[hvs] 11/6/2013 11:21

Enjoy !!!!!!