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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nikanor | LSE:NKR | London | Ordinary Share | GB00B182MG48 | ORD USD3.58829097070927 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 410.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 410.50 | GBX |
Nikanor (NKR) Share Charts1 Year Nikanor Chart |
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1 Month Nikanor Chart |
Intraday Nikanor Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/8/2011 | 05:33 | Norwegian Kroner (NKR) : charts & discussion | 1 |
| 13/3/2008 | 22:33 | Nikanor a buy at 600p? | 42 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 11/3/2008 11:30 by ranag9 Few more lines from their (nikanor and katanga)merger notes, hope it will help those whoneed itMerger terms The Merger will be effected by way of the Offer and Cash Return to Nikanor Shareholders. Under the terms of the Merger Nikanor Shareholders will be entitled to receive for each Nikanor Share: 0.613 New Katanga Shares, and US$2.16 in cash by way of the Cash Return. Following the Merger, Nikanor Shareholders will hold 60 per cent. and Katanga Shareholders 40 per cent. of the Merged Company, calculated on a fully diluted basis, excluding the recently announced convertible loan from Glencore Finance. Based on the closing share prices of Katanga (on the TSX) and Nikanor (on AIM) on 5 November 2007, the Merged Company would have a combined market capitalisation of US$3.3 billion after the proposed Cash Return, calculated on the fully diluted number of shares for both companies. The cash element of the Merger will be paid by way of the Cash Return of US$452 million from Nikanor's existing cash resources. Katanga and Nikanor have entered into an Implementation Agreement in relation to the Merger, which contains provisions regarding the implementation of the Merger and certain assurances and confirmations between the parties. This summary should be read in connection with the attached Announcement and Appendices. Appendix I of this Announcement sets out the conditions and principal further terms of the Offer. Appendix II of this Announcement contains information on sources and bases used in this summary and the following Announcement. Certain terms used in this summary are defined in Appendix IV of this Announcement New company katanga mining is listed at TSX in Canadian stock exchange with epic KAT |
Posted at 11/1/2008 19:40 by 2elk Cobalt price soars as stockpiles run lowBy Iain Dey Last Updated: 1:37am GMT 11/01/2008 The slew of gadgets and gizmos unveiled at this week's Consumer Electronics Show in Las Vegas could soon become much more expensive to run than anyone had previously imagined. The latest news from the oil, mining and gas industries Cobalt, the key mineral used to make electric batteries, has soars to a new record high. Strong demand and scarce supply pushed prices in Europe to $46 a pound. BHP Billiton, the London-listed mining giant, was only willing to sell stock at $47.50 by the close of trade, according to traders. The price has soared by about $5 in the past week and is 70 per cent above the levels seen a year ago. With stockpiles being run down, the price looks set to climb further. "There's no metal around, producers are sold out," said one European trader. Cobalt is a key component in manufacturing lithium-ion batteries, one of the most common types of rechargeable battery used in consumer electronics. Radioactive versions of cobalt are used in the treatment of cancer as a tracer that can monitor drugs passing through the body. It is widely used in the defence industry. The US Defense Logistics Agency has historically kept a large stockpile of the mineral to help secure the US military's needs. One London-based trader said the DLA held about 52m pounds of cobalt in 1993, but this has been whittled down to little more than 1.5m pounds. "The average rate of annual sales in those 14 years has been 1,650 tonnes per annum," the trader said. "At this rate of sales the DLA will have exhausted its cobalt stocks by June of this year." |
Posted at 11/1/2008 19:29 by 2elk Well at £6 this has been a fair buy but I expect this stock to realy get moving now. There is still heaps of upside as the political risk now is reduced and the world is waking up to a shortage of cobalt (check its recent price rise) in addition to the enormous value that lie in these copper deposits - the richest in the world. Whilst this will remain a tad volatile (political risk) I am still in for the ride over the next year or so. Greater liquidity will obviously be a good thing too... |
Posted at 30/11/2007 16:53 by greendalef Hi Irvin,Many thanks for the feedback. I have not been in touch with the company but I can offer you a research report from Jennings Capital: Also as I am sure you are aware. Kat have started the Luita plant, hot commissioning should be any time now. On the merger, NKR are tracking KAT so not much chance of arb'ing them. I will be interested to know if they intend listing on LSE at the same time as the merger.I have ISA's with both selftrade and TD Waterhouse. KAT is off limits with selftrade as they do not settle through crest (not a problem with my TD Waterhouse account). I am assuming the will simultaneously list but I will contact IR in near future to confirm. |
Posted at 07/11/2007 15:01 by rvsy38 Hi Jerry,Yes the merger makes sense - it is a complicated web expecially wth Dan Gertler having substantial stakes in both NKR and KAT. I share your enthusiasm and am delighted for the reasons given in my earlier message. I wondered how you arrived at $2.6 bn for 40 kt cobalt - could you please clarify. You also say that they may need to raise US$ 1 bn for completion of the projects - I don't think we can be sure of that until a new mine plan, production build up and financial model has been prepared. Not that they would have diffiuclty raising the money via debt finance - IMO. I agree with your remark that they may be being prettied up for sale - have you noticed that Johnathan Leslie seems to have dissappeared from the picture as he is not on the board of the new company. IMO he was the one real industry heavy weight in NKR's organisation. In fact apart from Jim Gorman ( NKR's Project Manager) there seems to me a distinct lack on all sides of people capable of managing a copper/cobalt operation of the scale envisaged. Which all the more makes me think in terms of a sale to .. BLT, Xstrata ? Do you have any views on likely candidates and the timing ? You asked about NKR's progress - from what is in NKR's Interim report the project seems to be on track although I would like to hear more about progress on dewatering of the pit. The only little dissappointment is that the revenue from the Tilwezembe operation has built up slower than planned. NKR hoped to be producing around 8000 tonnes of copper/cobalt concentrate per month from the Kolwezi concentrator but so far were well short of the target ( the conc is worth US$ 2000 per tonne ; at 8000 t/month this amounts to a nice little earner ahead of the main project!). The interim report cited lack of bagging capacity and logistical problems. Regards Irvin |
Posted at 07/11/2007 11:25 by greendalef rvsy38We are joined up at last. I did say on tmf a while back that this merger was a logical one. A quick run through the figures shows we have both got a bargain. 40kt cobalt is $2.6bn 400kt copper is $3bn For simplicity. The cobalt pays all running cost, tax etc. Therefore we have $3bn copper going straight to the bottom line. At current $3.3bn mkt/cap we are valued at 1x cash flow in 3 years we have a 9/10 bagger. A outcome well worth waiting for. The concentrator is on stream and first copper is due from Luita next month. I have not been keeping up to scratch on NKR's progress. So any views on project development would be welcome. I estimate they will have to raise $1bn to finance the growth no doubt through a combination of debt/equity. Looking at the bigger picture, I think we are being prettied up for a sale further down the line. Ditto,Forrest and Gertler will probably want their money out sometime in the future. If a bid comes it will be competitive, try finding a brownfield resource any where in the world with these reserves, resource and grades. In hindsight BLT got a bargain with the price they paid for WMC when you consider what olympic dam is worth alone. You can be sure with the above mentioned in charge that will not happen to Katanga/Nikanor. |
Posted at 06/11/2007 15:51 by hasit Excuse my ignorance - but what value does today's offer place on a Nikanor share? |
Posted at 16/8/2007 12:33 by rvsy38 To the best of my knowledge the house broker (JP Morgan Cazenove)have not issued a note. Ypu probably realise that the 82% of the shares are held by the three founding shareholders , Glencore and a group of US and UK banks. I guess the bulk of the balance is held by institutions. I suppose that there is little need for a broker's note.I am keen on this company and attended the EGM in May to consider the offer by the 3 founding shareholders to buy all the company shares for £6.00 per share. I believe I was the only private investor at the EGM ; the offer was rejected by the independent directors and those at the meeting. Since May, Glencore have become a major equity partner (invested about £ 150 million, entered into an offtake agreement for all product and will provide working capital). I noted last week that one of the founding shareholders bought an additional 1.24 million shares increasing his holding to 26.43 % of the company. Furthermore while the KOV project is being constructed, the revenue from the small re started mining operations at Kananga and Tilwezembe is not to be sneezed at. In response to a query to the company I was recently informed that concentrate output by year end should be 8 - 10 000 tonnes per month with the concentrate being valued at around US$ 2000 / tonnes. This equates to annual revenue of around US$ 200 million a year ( operating costs will be very low from these operations). The KOV project copper/cobalt resources are the richest in the world and the company will be at the very bottom of the cost curve. The company is going to use well proven technology so the technical risk should be low. The company has tied up the marketing of the output with probably the best metal traders in the world. The existence of the off take agreement should facilitate raising the additional funding required. So the one outstanding risk ( the political/ country risk in the DRC ) is the one that could wreck the project and the company and has to be very carefully considered by anyone contemplating making even a modest investment. rvsy38 |
Posted at 29/3/2007 17:36 by greengiant Interesting share - see what tomorrow brings - Long @ 510;-) gg |
Posted at 07/1/2007 18:52 by flips 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. |
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