Circle Property Share Discussion Threads

[ramnik007] 07/12/2006 14:57

Another company in which newsflow leaks like a sieve enabling insiders to buy before the news is officially out!

[adam] 07/12/2006 13:48

A 20% free carry to production on such a sizeable project with key partners should be worth a fair shtip. I recon now have two projects individually worth more than the m/cap of the company.

[unionhall] 06/12/2006 09:51

Yep...

Hope it is more than presidential installation euphoria..

[pinhead3] 06/12/2006 09:48

Somethings definitely a foot, you don't get this sort of rise 2 days in a row without something being beind it.

[unionhall] 05/12/2006 18:49

Increasing and Extending Projects The International Monetary Fund (IMF) has forecasted that the Democratic Republic of the Congo (DRC) will increase its Gross Domestic Product (GDP) to 7.2 percent in 2007, signaling a rapid growth in the mining sector following the 2006 elections.

In addition, as previously reported MIGA, the political risk insurance arm of the World Bank, expects the face amount of loans guaranteed in the DRC's mining sector to increase from $20.8 million today to over $500 million in three years.

Reportedly, the U.S. giant Phelps Dodge (PD.N) is expected to invest more than $1 billion in a project in Katanga over the next five years. Phelps Dodge has been bringing in heavy equipment and setting up transport routes for the copper and cobalt project at Tenke Fungarume. AIM-listed Copper Resources Corporation CEO Chris Jordinson recently commented that the main de-watering risk on the Kinsenda mine had been removed, marking an important milestone for the project. It has successfully de-watered the mine to the depth of 209 meters, completing the most difficult portion of the de-watering programme. In addition, a permanent pumping station planned for this level was being installed, which would make the next stage of de-watering to 285 meters significantly easier.

The second stage is expected to be completed by February 2007 and processing operations are expected in the third quarter of 2007. Banro, a Canadian gold exploration company, in its bid to develop a mine on the DRC's gold belt, has found high grades of recoverable gold in oxide material at its Twangiza project. Banro's goal is to find sufficient gold resources in order to build a mine on the 210 kilometer, "world-class" Twangiza-Namoya gold belt.


Long article - Rwanda first and DRC about half way down....

[unionhall] 05/12/2006 18:43

DRC: More fighting breaks out in the east
IRIN
05 dec. 06 - 17.54h


KINSHASA, 5 December (IRIN) - Renewed fighting broke out on Tuesday between dissident soldiers allied to a former army chief and the regular army in the eastern province of North Kivu in the Democratic Republic of Congo.


and more.....

[unionhall] 05/12/2006 18:41

CENTRAL REGION NEWS

Diplomats head to DRC for Kabila's inauguration

KINSHASA, December 05 -- Foreign diplomats and government delegations have began arriving in the Democratic Republic of Congo (DRC) capital Kinshasa ahead of Wednesday's landmark presidential inauguration.

And more.....

[unionhall] 05/12/2006 18:38

I agree it is not a one trick pony but if DRC failed I believe sentiment would be such that the shareprice would dive for a considerable period.

Anyway - no need for us to talk it down.

Looking very good just now.

[pinhead3] 05/12/2006 18:21

That makes my holding an 'even smaller' 13.4K then.
DRC politics are a worry but I would never have invested in CRC if it was just a 'one trick pony'.

[unionhall] 05/12/2006 17:00

just a small 20k pin.

Very bullish (as you've heard) but constrained by DRC Political concerns from investing further.

[pinhead3] 05/12/2006 16:55

Glad to see you're still here unionhall, there only seems to be a handfull of dedicated CRC posters.
If you don't mind me asking how many of these to do you now hold?

[unionhall] 05/12/2006 16:48

Something certainly seems to have leaked.

That is a very significant reverse....

[pinhead3] 05/12/2006 16:40

Almost all buys days today on fairly decent volume for CRC.
Perhaps some news has leaked out, we still haven't received that Hinoba-an resource update from end of Sep!

[pinhead3] 28/11/2006 14:41

I don't think the share price movement today has anything to do with the election result, more to do with the general weakness in the global markets.

[adam] 28/11/2006 12:03

so our guy won, and the price goes down? eh?

[wassapper] 24/11/2006 08:52

Minesite have started a series of country profiles

Democratic Republic of Congo

By Our Risk Reporter From Risk Bureau.

The fact that Joseph Kabila, the incumbent president has been elected in the Democratic Republic of Congo's first presidential elections in four decades; or that an `election' of sorts was held at all in this benighted country, should not lull us into believing that from now on all's well with this resource-rich land at the heart of Africa.

[pinhead3] 23/11/2006 13:39

Bemba forces start Congo pull-out

Soldiers have been stationed across Kinshasa
Forces loyal to a Democratic Republic of Congo presidential candidate have started to leave Kinshasa, following an ultimatum from President Joseph Kabila.
About 50 men have left their base at Jean-Pierre Bemba's residence in the city centre, the army says.

Mr Bemba's forces had been given until Friday to leave Kinshasa, amid high tensions after he complained of fraud in last month's election run-off.

The electoral commission says Mr Kabila won, with 58% of the vote.

The Supreme Court is expected to rule on Mr Bemba's claims of fraud later on Thursday.

Mr Bemba, a former rebel leader, has an armed guard of around 600 men, the UN says, although he is only allowed to have 100, as a vice-president in the outgoing power-sharing government.

Diplomatic pressure

The first batch of his guards have been moved in a military truck to Maluku, a residential area on the banks of the Congo river, 80km (50 miles) east of Kinshasa.

Correspondents say Mr Bemba had come under intense diplomatic pressure to agree to the relocation.

"It shows that Jean Pierre Bemba's party has understood that it is necessary," said a spokesman for the UN's peacekeeping mission in DR Congo.


Mr Bemba has challenged the election result in court
The chief of staff of the Congolese army said that it was an ongoing process.

The operation was carried out by the Congolese army, without foreign peacekeepers.

The BBC's Arnaud Zajtman in Kinshasa says soldiers are deployed at strategic points and this has created fear of further fighting.

Security forces loyal to the two men clashed in August, leaving at least 23 people dead in the capital, Kinshasa.

The capital is a stronghold of Mr Bemba.

Armoured vehicles of the UN peacekeeping force and European troops are also patrolling the city, but a UN spokesman said disarming soldiers by force was not part of its mandate.

On Tuesday, a protest by Mr Bemba's supporters outside the Supreme Court led to violence.

The court was set on fire and its hearings had to be suspended.

The court must still confirm the provisional results.

The elections were supposed to draw a line under a five-year conflict in which some four million people died.

The polls were organised under the terms of a 2002 peace deal that drew in the armies of nine other African countries.

Under the deal, former rebels forced were supposed to be integrated into the army but progress has been slow and the three former rebel leaders who are vice-presidents have retained large personal security forces.

The world's biggest peacekeeping force - some 17,000 men - is in DR Congo to prevent unrest.

[pinhead3] 17/11/2006 09:45

I believe that the CRC mngt is doing a great job progressing all the projects they have in difficult circumstances, it is inevitable that timescales will slip when working in these countries. Communication from CRC is certainly better than the average AIM share and to date although the timescales have slipped the results so far have been delivered. Patience is all that is required to be rewarded IMO.

The options scheme was disclosed in the AIM listing document and shouldn't have been a surprise to anyone. 10% of the share capital can be issued as share options to directors / employees.

[trustman] 17/11/2006 00:02

Pinhead,...I have been away for a bit.I dont think Rannerdale is saying Hinoba is irrelevant itself....just not relevant to immediate value in Kinsenda.In other words CRC worth a lot more than current value BEFORE considering Hinoba.
Given that Forrest Group have achieved a major feat in dewatering Kinsenda and the CRC management team are behind the pace with Hinoba I can see where Rannerdale is coming from.Call me a cynic but when this bunch awarded themselves a generous option package I felt positive news was round the corner.Just a crying shame they have had to cut it back!
Forrest Group have survived in the Congo for 80 years.Other posters have queried their provenance....however if you accept them, then they are the people who seem most likely to add value to CRC at the moment.

[unionhall] 13/11/2006 15:19

Looks like Kabila will have a decisive victory.

Hope they can maintain peace now.