African Copper Share Discussion Threads

[ted1806] 15/10/2010 00:16

Or it could be a new investor.

Gold and copper are often found together but I don't know if they need a different process to clean them up.

I think the best thing that can happen is ZCI buying on the dips and holding
the price up. I am sure if they wanted to they could just buy it in full.

[1144523] 14/10/2010 23:44

Then again it might just be one of the existing investors but that type of investor is more likely to trigger their 1% change in holding (if above 3%).

The share price May 09 to Jun 10 just says to me, oh dear it looks like ZCI might dilute my holding. I think that fear is lifting, and ZCI might might wish to drive confidence in order to place shares at an higher level and create a floor.

Then again this isn't a gold miner. Thats where the money is. Nano caps are up 80 odd % in 4 months.

[ted1806] 14/10/2010 23:30

Nice work 11

You might have guessed I'm quite a lazy investor! lol

That's quite a lot 6.7 million.

Without going back through all the trades I would guess about
half that value has been purchased.

[1144523] 14/10/2010 23:20

A shareholders has an obligation to disclose their holdings in the above interests when their holdings amount to 3% or above of the total voting rights and capital in issue. Additional notifications also need to be made when their holdings reach breech or fall below every 1% above that. Or in the case of holdings in a non-UK issuers on the basis of thresholds at 5%, 10%, 15%, 20%, 30%, 50% and 75%.


The ZCI holding is 676,570,500. A 1% increase would be 6,765,705.

[ted1806] 14/10/2010 22:31

I did oil ETF's a while back. Not impressed really and lost a few quid because they are in dollars and the exchange rate went mad, anyway that's another story! Sorry everyone for the off topic....lol

If ZCI are propping the price up then surely they need to issue a holding RNS?

Maybe someone with more knowledge could explain or maybe not as there doesn't seem to be anyone here apart from us to...lol

I have a spread over about 7 stocks my favourite at the minute and long term is PINN. All my profits are going into that.

[1144523] 14/10/2010 21:35

My story is a mirror image. Last Sept I sold my whole portfolio,gold bullion & oil ETF's that I had bought in middle of the crash. I was all set to go 'all in' with Shanta but got talked into spreading the risk. Oh well. My average at ACU is 8.29p.

I think we have been suffering from the fall out from that massive spike upwards in 09 but In my opinion this stock struggles to attract the interest of any larger investors. There won't be any placings, other than to ZCI. There is no chance of anyone developing a large stake. I think the onus is on ZCI to inflate the share price I think that is what they are doing now. At the end of the day, they just want to develop ACU into a profitable miner and then sell them on.

I'm going to let this run. I was so desparate to sell out at break even at RKH that I sold in 40's. I'm not saying I would have sold at the peak but it makes you think. Kind of happy it is faling heavily now. But that's another lesson - take some profits just in case (even if its just one for the trophy cabinet)

[ted1806] 14/10/2010 19:14

No idea 11

I am still sitting on a loss here.
Brought these last october at 8p so I have
been very patient with this and for the life
of me cannot figure out why this has dropped
so much with the price of copper going through
the roof.

It does feel like a very unloved share. No real
big volumes in the year. I wonder if it's ZCI's
involvement that puts people off?

Either way I shall be here. Nice to double my money
take half back and let the rest free ride but I'm in no rush....

[1144523] 14/10/2010 18:11

Anybody got a target price on this?

[ted1806] 14/10/2010 16:47

200k & 100k brought at 5.5p
took all the sells out today and ping!
Chart breaking out?
Fingers crossed!

[andrbea] 14/10/2010 16:03

a rise of 7%

Copper prices hit 27-month-high in London
October 14th, 2010
Copper prices hit a 27-month-high on the London stock exchange today (October 14th) following a one per overnight climb.

In particular, copper to be delivered in three months was seen to hit a price of $8,485 per metric tonne, the highest level since July 2008.

This ongoing upturn in the copper price being seen by CFD account holders with interest in commodities has been partly-attributed to improvements in the global construction and household goods-manufacturing sectors, both of which make heavy use of the metal.

At the same time, the head of commodities at MF Global, Stephen Briggs, has been quoted by Bloomberg as expressing a belief that supply of copper is likely to remain subdued for some time yet as few major mining projects are due to be completed within the foreseeable future.

Meanwhile, the chief executive of Codelco, the world's top copper producer, has acknowledged that more emphasis needs to be placed on improving worker safety at small and medium-sized mines across Chile



Read more:

[1144523] 07/10/2010 21:06

Nous sommes un groupement d'actionnaires actifs de ZCI et ACU. Notre but est d'améliorer par notre poids la communication des minoritaires avec les dirigeants du groupe et la communication du groupe ZCI lui-même, compte tenu des enjeux importants qui se précisent pour les mois à venir.
Vous pouvez nous rejoindre en envoyant un mail à l'adresse suivante : [e-mail]
Merci d'indiquer le nombre de titres ZCI et/ou ACU que vous détenez si vous le souhaitez.

We are a group of active shareholders of ZCI and ACU. Our goal is to improve thanks to our weight the communication of minorities with the Board and to improve ZCI's Group communication itself given the important issues in the next months.You can reach us by sending an email to the following address: [e-mail]
Thank you to indicate the number of ZCI and/or ACU shares that you own if you wish so.

[1144523] 05/10/2010 18:58

Another 350k buy late on.


I can't see why anyone would be selling myself. unless its a self declared dividend to pay the bills.

That chart hasn't done anything negative since the start of July. 3 months roughly. Maybe odd 1 day fall but its been extremely isolated.

Maybe in a while they will be issuing more ACU shares, hopefully at a higher price than the current one. Thats the impression I'm getting.

[ted1806] 05/10/2010 13:15

Another 250k buy showing late from yesterday (4th) at 5.7p

Surely the buyer must have to declare there holding by now?

It must be the same buyer?

Either way as soon as any sells show up the buyer comes in and
mops them up straight away. This has some way to go......

[devil20] 01/10/2010 21:07

Funny enough the trades shown as sells total 246226...just 3774 short of the 250k late buy.

[1144523] 01/10/2010 19:01

Surprise surprise, another late 250k.

[devil20] 01/10/2010 15:21

Sells well out-weighing the buys here today but no drop in price. Strange.

[1144523] 29/9/2010 14:07

At least I'm not the only one with the opinion that ZCI are buying small chuncks of ACU in order to raise finance at an higher level.


Today 13:58 zcifanMy opinion5.50 Strong Buy
Without even talking of ZCI buy out and of the big share price discount compared to the NAVPS (10p before Thakadu), I think there is another good reason for the share price to rise. As you noticed in the AGM resolutions, ACU is authorized to issue new shares to help its future developments. No doubts that they will issue thes new shares at a high price close to the fair value and will then make the share price rise before.

[1144523] 29/9/2010 10:26

Up again. I'd take a floor of 5p for now but that elevator ain't going to wait around.

[anusol] 29/9/2010 08:13

yep, 5p looks like a being the new 'floor' for ACU.

[1144523] 29/9/2010 08:03

Looking good again here

[1144523] 28/9/2010 18:02

Yes that resolution exists. I imagine they will raise funds at a small premium to share price They are not in business of destroying share price now. Its a case of medium term growth to enable profitable disposal.

My view is that they are currently buying but that is rather an optimistic view.

More big buys again....

[ted1806] 28/9/2010 16:55

Good day I would say.
Regained all of yesterdays loses and another
150k at full ask 5.5p after the bell.
Another tick up in the moring then....

[outsourcer] 28/9/2010 09:59

Ted - yes, if you look at the AGM documents

resolution 4 gives them the right to issue upto 247M shares to fund Thakadu on top of an existing right to issue upto 556M (both have expiry dates) to ZCI, which if they take up, will give them 89.36% stake in us

[ted1806] 28/9/2010 09:18

340k buy at 5.25p

Still going then!

[ted1806] 28/9/2010 08:28

So what your saying Outsourcer is that ACU will just issue new shares at an agreed price without coming to the market and thus diluting existing shareholders?