Nikanor Share Discussion Threads

[rvsy38] 11/5/2007 15:45

It has gone very quiet since the announcement of a potential bid for the company.

I will be going to the EGM next Wednesday - anyone else going from here ?

[daviddunne82] 03/5/2007 08:02

Any read through to CRC - decent copper asset soon to be in production in DRC?

Bidding for it doesnt make any sense - make more sense to wait for funding to be finalised as 70% already been indicatively committed, and then pick it up as otherwise you are paying a premium plus need to find financing

[rvsy38] 31/3/2007 11:53

slapper

Believe market has over reacted due to pull out of the Chinese group who could not agree terms with Nikanor on finance. I don't think there will be a shortage of those prepared to provide finance under reasonable terms.

The bull points as far as I am concerned are :

- mouthwatering copper and cobalt grades for a long life operation
- low infrastructure requirements
- Nikanor have 75% of the project and 72% of Nikanor is closely held by three groups who have indicated their readiness contribute additional equity

Of course the country risk is still high despite recent support from World Bank and increased involvement of majors players - see Phelps Dodge's majority interest in Tenke Fungurume project ( 115000 tpa copper 8000 tpa cobalt due onstream a year ahead of Nikanor's Kov project)

rvsy38

[slapdash] 30/3/2007 09:43

this would of been a great short...

why did they float before congo election??? (wanted to get capital while they could)

Long-tail project with many years until production - who will buy when Xstrata, BHP etc are producing the goods today from a diversified group of projects without the risks these boys have...

Who knows how Congo might be in 5 years.... and this projects I think relys on lots of new infrastructure....... that word and Africa don't go together...

Would of been a good short and am not tempted to buy..

Slapper

[greengiant] 30/3/2007 09:39

No - got out @ 422

Not one of my better decisions - never mind, win some lose some

;-)

gg

[frank spencer] 30/3/2007 09:32

Not a jolly greengiant today imo.

[quidzinn] 30/3/2007 09:30

... me too Support @ 380

Q

[5dally] 30/3/2007 09:28

What a drop, not in yet but on my watch list

[greengiant] 29/3/2007 17:36

Interesting share - see what tomorrow brings - Long @ 510

;-)

gg

[rvsy38] 14/2/2007 09:53

I am also amazed at the seeming lack of interest in this company especially after the presentation at the Indaba conference in Cape Town around 6 February ( the presentation can be found on Nikanor's corporate website).

IMO the company has the following significant factors in its favour :

- probably the highest grade of the world's known copper ore deposits with high grade associated cobalt

- company claims deposit will sustain 30 years operation at 250 000 tonnes per annum cathode copper production

- project is being evaluated using conservative metals prices ( US$ 1.20 / lb copper and US$ 10 / lb cobalt)

- cobalt revenue will pay operating costs for copper

- company deposits are close to existing infrastructure ( a major advantage compared with the Tenkle-Fungurume , the other similar grade / scale copper project in the Democratic Republic of Congo)

- company is generating cash flow from small scale operation using existing facilities

- company reports it is meeting its major milestones in the project implementation programme and contact awards are on schedule

- company planning to secure remaining finance for the project by means of a product off take agreement with the Chinese

- investment climate in the DRC is the best in its history

I would welcome views and opinions of others on what I see as a great investment opportunity

rvsy38

[flips] 07/1/2007 18:52

I presume the NKR share price is suffering along with the dip in copper. I am unable to see any reference to other ores/metals in which the company has an interest which might see them through a period of weak copper prices, but maybe I've missed something. Cobalt is unlikely to prove a major support, as it seems to have a limited market - in comparison with copper, that is.

[2elk] 14/12/2006 17:23

Nikanor says KOV project in DRC 'progressing well'; reopens satellite mines
258 words
14 December 2006
09:56
AFX UK Focus
English
Copyright AFX News, 2006 All reproduction and presentation rights reserved.
LONDON (AFX) - Nikanor PLC said the large scale project to rehabilitate the KOV open pit in the Democratic Republic of Congo (DRC) is progressing well and the company has reopened two satellite mines.

The copper and cobalt miner said its KOV open pit and refinery project, one of the largest high-grade copper deposits in the world, is proceeding to plan with tenders and early contracts awarded for work relating to the open pit and infrastructure areas.

In a mining update today, the company said it has also reopened the Kananga and Tilwezembe satellite mines with 65,000 tonnes of ore mined at Kananga in November and mining at Tilwezembe commencing this week

The company added that production has restarted at the Kolwezi Concentrator with 5,500 tonnes of concentrate produced by the end of November.

Executive chairman, Jonathan Leslie, said: 'Since July we have reopened the Kananga and Tilwezembe mines and restarted the Kolwezi Concentrator and will now

be generating cash through the sale of concentrate.
'We are meeting key milestones in our project to rehabilitate the KOV open pit and build a major new copper and cobalt refinery'' he added.

[e-mail]

[flips] 11/12/2006 18:47

What's going on here? there's no news, yet the share price is all over the place. Someone must know somthing. This is one the city is keeping close to its chest.

[2elk] 07/12/2006 16:52

Hello - anyone out there? I cannot believe that noone is onto this. Credit Suisse note putting target price of £7.20 on it - based on commodity prices that were 1/2 what they are today! NB Cobalt price has risen by 100% in the last 3 weeks.

Wakey wakey!

[2elk] 20/11/2006 09:42

Kabila re-elected, must be good his govt awarded the licenses I believe. 2Elk

[2elk] 13/11/2006 10:24

I too am amazed that there is not a whole load of interest in this.

Volatile stock - well sure, with less than 30% free float. But huge potential upside, on the copper alone at 250,000 Te p.a. potential output by 2009 at $6k/Te would equate to revenue potential of $1.5Bn p.a.

Have a look at www.nikanor.co.uk/downloads/Deutsche_Bank_BRICS.pdf

The key here is political risk and can NKR keep hold of the licenses as Democratic Republic of Congo emerge from elections, but so far so good...

[flips] 11/11/2006 17:14

Is noone interested in this volatile mining share? It seems odd when other small (not so small - huge copper/cobalt resource) miners arouse so much BB excitement.

I remind you of the most recent RNS from the Executive Chairman, Jonathan Leslie, who said:

"Following our successful listing and fundraising on London's AIM market we have been making good progress in all areas of the project. We are moving quickly and applying the IPO proceeds following closely the plans that the Company laid out at the time of its IPO."

[2elk] 08/11/2006 10:02

My impression is that smooth elections in Democratic Republic of Congo are a good start for an upward movement.