African Copper Share Discussion Threads

[outsourcer] 28/11/2011 20:27

where has the other thread gone ?

[tinytim30] 15/11/2011 22:39

the fact they are not able to be put into an isa any more is 1 of the reasons it dropped so much

[bionicdog] 15/11/2011 11:59

They are in the process of cancelling their main listing on TSE and all holders are having to sell or transfer shares out of an ISA. Botswana is not recognised as a main listing.

[offasdyke] 15/11/2011 11:03

Anyone know why Lloyds won't let me buy more of these in my ISA? I get "This security cannot be traded within this account type." Never had a problem before.

[devil20] 15/11/2011 08:15

Hi OUTSOURCER. Happened to see this on the riser board today. Glad its finally breaking out for you. It looks fairly good on the charts now. gl.

[outsourcer] 01/11/2011 08:18

another 350% rise and I will back to even !

[fillipe] 17/10/2011 13:56

ACU - storming - up 26.67% today.

f

[outsourcer] 29/9/2011 08:50

Looking through the ZCI annual report there cashflow projections made seem overly optimistic considering the current state of affairs, the key assumptions relating to production and pricing, assume an average copper price per tonne over the 12-month period to June 2012 of USD 9,593 and average monthly production of copper in concentrate of 1,257 metric tonnes (" Mt") of copper.

Current copper prices are around USD7k a tonne and with the financial markets in the mess they are when will that start to change and we are no where near producing 1,257 tonnes a month, so where does that leave us.

[outsourcer] 26/9/2011 15:54

copper falls below $7K a tonne

[tenapen] 31/8/2011 12:04

:-).

Looking on with interest.

[outsourcer] 31/8/2011 11:56

not anymore

[outsourcer] 31/8/2011 10:37

somethings up, in top 3 rises for today

[turbovb] 24/8/2011 16:13

If this was my cat - It'll be a trip to the vets I'm afraid. One way.

[harrodsfree] 23/8/2011 17:45

Sorry all. I bombed out and took the hit last week. Too much flack for me and needed to preserve the little I have in my SIPP.

[harrodsfree] 10/8/2011 12:46

Somebody obviously heard your whinging outsourcer. Tick-up today.

[outsourcer] 10/8/2011 08:07

it really is amazing that we get dragged down with the rest of the market, but for we dont rise once the market recovers

[outsourcer] 04/8/2011 14:13

so we are now the lowest we have been in the last 3 years or so, despite the fact that copper prices are at an high and the Company is finally mining, something is not right

[wolf4] 19/7/2011 11:43

is it me or do i detect a little bit of nibbling lately ?

[p1ncer] 01/7/2011 14:20

Outsourcer,

I have long given up on seeing any rationallity in the market.
I do my own research and invest accordingly.

Here is a snippet of a post from another board, that comes to the same conclusion I cam to a while ago.

"Key assumptions of ACU for FY 2012 , extract from the annual report published yesterday:

" 1/The key assumptions relating to production and pricing assume an average copper price per tonne over the 12 month period to June 2012 of US$9,593 and average monthly production of copper in concentrate of 1,257 Mt of copper.

2/The projections show that, if the key financial assumptions are achieved, the existing facility with ZCI and new facility with ABCB will be sufficient to provide the necessary funding for the Group for at least the next 12 months from the date of approval of these financial statements and in addition, enable the Group to repay US$10.0 million of debt to ZCI which is due, under the terms of the particular facility agreement, in March 2012. "

-------------------------------------------

In clear :

ACU will produce in FY 2012 around 15,000T instead of 4,143 in 2011, which means a turnover of $143.9M instead of $ 24.7M.

Note that ACU and ZCI are always very conservative in their previsions.

This year the total costs (operation + finance etc.) amounted to around 33M and they should not climb too much.

Can you imagine then the leverage on the profit ?!!!

Even with very high costs let's say 60M , a crazy figure, the net profit would be $84 M"