African Copper Share Discussion Threads

[p1ncer] 02/2/2011 21:35

----------------------------------------------------------------------------
July Aug. Sept. Half Oct/Nov
Description Qtr 1 2010 2010 2010 Qtr 2 Year 2010(i)
----------------------------------------------------------------------------
Ore processed (Mt) 146,052 55,607 70,206 47,499 173,312 319,364 117,757
Cu grade (%) 1.22 1.02 1.17 1.60 1.24 1.23 1.46
Recovery (%) 34.1 45.7 68.1 47.7 55.0 45.6 45.5
Concentrate
produced (Mt) 2,641 1,195 2,317 1,762 5,274 7,915 3,770
Copper produced in 607 259 561 363 1,183 1,790 782
Concentrate (Mt)
Payable copper
sold (Mt) 482 192 574 348 1,113 1,595 612
----------------------------------------------------------------------------

They produced more in Oct/Nov than in the whole of Q1, ACU are increasing production month on month and have a long way to go, they want to produce 20k tonnes p/a from Mowena alone, they are now producing from Thakuda, and exploring other prospective areas.
I consider ACU to be the most undervalued copper play out there.
Value will out in the end.

[kosyboy] 01/2/2011 12:33

Not much doing today!!

[devil20] 31/1/2011 17:43

This SHOULD help at least a little for you.

[devil20] 27/1/2011 12:28

Just noticed the price has ticked back up for some reason.

[devil20] 27/1/2011 11:56

OUTSOURCER. Perhaps you could try smaller lots...100k or 50k. It still seems to be heading down, and it may seem daft but you may be able to buy back cheaper, as at some point it may pick up again, thereby reducing your average.

[devil20] 26/1/2011 11:47

OUTSOURCER. I got out a few days ago. Had enough of it dragging along. Took a small loss but the money better used elsewhere. Hope the share price picks up to give you an exit. Best of luck.

[outsourcer] 26/1/2011 10:19

and slowly but with predicability we go back down.

[outsourcer] 06/1/2011 19:23

a late trade of 300k reported, hopefully we might see a rise first thing

[fruiticus] 05/1/2011 19:21

ACU is in effect a highly geared gamble on copper prices remaining high over the next few years. I would think ZCI will offload some of its shares on IIs when they feel the time is right .. until they do the share is relatively illiquid and this may in effect lead to an undervaluation

[devil20] 05/1/2011 17:41

I'm not trying to make any capital out of the horrific floods in Aussie. Most of their copper mines are in the north of the state I think, whereas most of the flooding is in the south/south-east. Still....


She said waters that have flooded dozens of mines and closed railways and ports would send coal and steel prices soaring, adding that the state produces about half of the world's coking coal used to make steel.

[kp_khalid] 05/1/2011 08:59

just had a quick scan of this share,,, and their debt is phenomanal,,, anyone care to expand on this?? will pop by later tonight and see whatagowaanin (what is going on)

peace
kp

[anusol] 05/1/2011 07:27

Given the news on Thanet licence plus thus forecast cu prices, we should be much higher than the meagre 6p Mark... We started 2011 at exactly the same price we started 2010 with..... Has there really been zero progress in 12 months? NO!

[outsourcer] 04/1/2011 16:04

this article is from 2004



on of the paragraphs says it costs ACU $0.62lb to to mine compared to the current price of copper of $1.40lb, today copper is around $4.40lb, so what am I missing.

[harrodsfree] 04/1/2011 15:11

I really don't like this company anymore.

[devil20] 03/1/2011 16:58

Yes, bit strange OUTSOURCER. But then there's something strange about this Co! Only ZCI & Brad Kipp named as shareholders with 82%. You'd think someone else would own over 3%. None of the directors do. All a bit odd!

[devil20] 03/1/2011 12:10

I noticed this in a report on a LLOY bb:

And metals. Copper is expected to hit $10000 a tonne - it was $3000 two years ago. RIO and BHP are the players and beneficiaries.Base metals are useful - precious metals aren't although the appetite for gold still is out there. I think largely because of ETF's.

[outsourcer] 02/1/2011 22:52

This report is from 2005, how much do the figures mentioned still hold true, when copper prices bombed, they stopped mining so I guess the copper must still be there to mine

[fruiticus] 30/12/2010 23:02

Bought into today @ 5.95p I agree the chart looks positive. Fingers crossed

[harrodsfree] 30/12/2010 21:23

I know bu99er all about charting but anybody can see this is a strong positive signal, coupled with the lift we had early December. Sitting tight here.

I've been nearly 40% down on this in the past so its nice to log on and not be depressed. My SKR is looking after me well at the moment though. Patience is the name of the game.

[roks] 30/12/2010 17:03

Lets hope it keeps going up......