All Active Asset Capital Share Discussion Threads

[mr ashley james] 25/1/2006 17:29

Rambutan,

Difficult to call the bid is in TSE:FM Stock, I think the share will hit C$42 Short term probably, and I do think TSE:FM will end up being the regional African Copper Powerhouse if they pull this off, and remember I have the greatest amount of respect for Clive Newall and team.

By the same definition I think African Copper Plc LSE:ACU is grossly undervalued and extremely well run.

You put me in the impossible position of liking all three shares Adastra Minerals Inc TSE:AAA, First Quantum Minerals Limited TSE:FM and African Copper Plc TSE:ACU.

Which has the greatest percentage upside in 2006?

Probably IMO African Copper Plc as US and Canadian Institutions climb on board but in reality you can never tell.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[arf dysg] 25/1/2006 17:19

If I read that article on the Canadian board correctly (re-posted on the other thread here on ADVFN), major shareholders don't want to sell at anywhere near the current price. If major shareholders won't sell, FQM can't buy. That means the upside from here is much higher than 150p. I'm holding on and waiting to see what happens.

[rambutan2] 25/1/2006 16:19

so ash, the question is do i sell my aaa now and put the money into more acu? it goes against my principles, but odds are that aaa upside is 150p and that may take some time to reach. while acu's upside is most likely to be much greater and it could add plenty quite quickly. hmmm.

[mr ashley james] 25/1/2006 15:45

Adastra Minerals Inc Issue of Equity
RNS Number:4028X
Adastra Minerals Inc
25 January 2006


25 January 2006
FOR IMMEDIATE RELEASE

Adastra Minerals Inc. ("the Company")

The Company announces that it has issued 167,500 common shares of the Company
pursuant to an exercise of options.

Application has been made for these Shares to be admitted to AIM on 30 January
2006.



This information is provided by RNS
The company news service from the London Stock Exchange

END
IOEKZLFLQFBXBBV

[mr ashley james] 22/1/2006 15:01

Rambutan,

If you want my best guess First Quantum Minerals Limited TSE:FM will be forced to pay 150p for this.

I personally hope their bid is successful, it will take a low Cash Cost Production Asset off the market and ensure long term profitable Copper prices.

They also have the Infrastructure and Know How to make this project work.

If they win this one can be pretty sure TSE:FM LSE:FQM will be valued at Antofagusta Plc LSE:ANTO Levels in 12 months time I reckon.

If I were Adastra Minerals Inc TSE:AAA LSE:AAA I might well prefer a TSE:FM/LSE:FQM Paper bid as opposed to cash.

Conversely TSE:FM LSE:FQM can always amend their offer to Cash, noting raising it will be easy for them, indeed with 220,000 Mt pa Copper Production possibly in 2006 equalling US$1,026,000,000 I would have thought they could finance it from cashflows with ease.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 18/1/2006 17:45

Response to First Quantum Bid

RNS Number:1138X
Adastra Minerals Inc
18 January 2006



Adastra Minerals Responds to First Quantum Minerals Ltd. Announcement


Trading: TSX and AIM: AAA


London, 18 January 2006 - Adastra Minerals Inc. ("Adastra" or the "Company")
notes the announcement made by First Quantum Minerals Ltd. that it will make an
unsolicited share exchange offer to acquire all of the outstanding shares of
Adastra. The Board of Adastra has appointed a Special Committee which will
consider this unsolicited offer for the Company.


In the meantime, shareholders are urged to take no action until the Special
Committee has had the opportunity to review the proposed offer and the Board of
Directors has made its response.


On December 1, 2005, the Board of Directors of Adastra implemented a shareholder
rights plan. The plan was adopted in order to provide the Board of Directors
with sufficient time to assess and evaluate any takeover bid or other potential
change of control transaction, and to explore and develop alternatives that
maximise shareholder value and to give shareholders adequate time to consider
any such transaction.


A further announcement will be made in due course.


About the Company



Adastra is an international mining company listed on the Toronto Stock Exchange
and on AIM, in London, under the symbol "AAA". It is currently developing
several mineral assets in Central Africa, including the Kolwezi Tailings Project
and the possible rehabilitation of the Kipushi zinc mine in the DRC. Adastra's
growth strategy emphasizes the creation of shareholder value through the
development of world-class resources in stable or stabilizing political
environments. Additional information on Adastra Minerals is available on its
website at www.adastramin.com

Contact us:



Adastra
Tim Read, President and Chief Executive Officer
Tel.: [phone]



Rothschild
Charles Mercey
Tel.: [phone]



Canaccord Adams Limited
Robert Finlay
Tel.: [phone]



Parkgreen Communications
Justine Howarth / Cathy Malins
Tel.: [phone]




This information is provided by RNS
The company news service from the London Stock Exchange
END

RSPEADFPFASKEFE

[delboy11] 02/1/2006 20:57

;-0000

LOL

[joe moon] 01/1/2006 23:56

good thread imo

[delboy11] 01/1/2006 23:47

To the top!

Hope your reading Sky

[delboy11] 01/1/2006 00:54

This guy really has his head up his own backside....Cant ban me from this thread matey...Hope your New Year is as bad as your last...

[seagreen] 13/12/2005 19:11

Ash what do we have to do to get you to return with your useful posts on the traders thread.....by the way the old bfc looks over sold and is on the point of turn and is sets mm..........so would like your view

[mr ashley james] 12/12/2005 17:09

Appointment of RBS

RNS Number:4712V
Adastra Minerals Inc
12 December 2005

Adastra Mandates Royal Bank of Scotland

In Kolwezi Financing

Trading: TSX and AIM: AAA



LONDON, U.K. (December 12th, 2005) Adastra Minerals Inc. ("Adastra" or the
"Company") is pleased to announce that it has awarded Royal Bank of Scotland plc
("RBS") the mandate to arrange the untied commercial bank tranche of the project
financing for the Kolwezi Tailings Project ("Kolwezi" or the "Project") in the
Democratic Republic of Congo.

The mandate agreement has been executed by RBS and Adastra's wholly owned
subsidiary Congo Mineral Developments Ltd ("CMD"). CMD is the majority
shareholder of Kingamyambo Musonoi Tailings SARL ("KMT"), the company that will
be the borrower and operate the Project. CMD is responsible for carrying out the
Definitive Feasibility Study and the Environmental and Social Impact Assessment,
and for organising the financing for the Project.

"This important mandate forms a key component of the project financing of
Kolwezi", said Tim Read, President and Chief Executive of Adastra. "The untied
commercial bank tranche will be for US $60-75 million with an eight year
maturity and will fund some 20% of the Project's total capital requirements. We
are delighted to have the support of such a pre-eminent bank in driving the
Kolwezi project forward."

The RBS appointment follows the recent announcement by the International Finance
Corporation (part of the World Bank Group) and the Industrial Development
Corporation of South Africa of their participation as shareholders in the
Project. The two institutions are also expected to be important lenders to the
Project, in addition to the untied commercial bank tranche.

Separately, Adastra and its project finance adviser, Rothschild, have held
detailed discussions with a wide range of public and private sector financial
institutions. The positive response has enabled Adastra to commence detailed
planning of the financing of Kolwezi.

"The Project remains firmly on course," said Tim Read. "The Definitive
Feasibility Study and the Environmental and Social Impact Assessment are
expected to be completed in March 2006, the negotiations for the power contract
are well advanced, and there has been considerable progress towards securing
long term off-take agreements for the cobalt and copper production. Our
objective is to start construction of the Project in the second half of 2006."


About Adastra

Adastra is an international mining company listed on the Toronto Stock Exchange
and on AIM, in London, under the symbol "AAA". It is currently developing
mineral assets in Central Africa, including the Kolwezi Tailings Project and the
possible rehabilitation of the Kipushi zinc mine in the DRC. Adastra's growth
strategy emphasizes the creation of shareholder value through the development of
world-class resources in stable or stabilizing political environments.


About the Kolwezi Project

Adastra's Kolwezi Project consists of two dams containing 112.8 million tonnes
of oxide tailings, grading 1.49% copper and 0.32% cobalt, as determined by Dr.
Isobel Clark of Geostokos Limited, a "qualified person" as defined by the
Canadian Securities Administrators' NI 43-101. This resource has the potential
to host one of the world's largest and lowest cost cobalt producers. A
definitive feasibility study is expected to be completed in the first quarter of
2006. If this study is favourable, construction is expected to commence before
year-end, with first production in mid 2008. The project is expected to produce
initially approximately 5,500 tonnes of cobalt and 30,000 tonnes of copper
annually, at which level of output Kolwezi has a mine life in excess of 50
years.

Such a project would generate significant taxation, royalty and dividend
revenues to the Government, as well as providing local employment and
contributing to the regeneration of the DRC's copper belt infrastructure.


Contact us:

Adastra in London

Tim Read Justine Howarth / Cathy Malins

Chief Executive Officer Parkgreen Communications

T: [phone] T: [phone]

F: [phone] F: [phone]

E: [e-mail] E: [e-mail]



Adastra in North America

Martti Kangas
The Equicom Group

T: [phone] x. 243

[phone] (toll free)

F: [phone]

E: [e-mail]



This News Release contains forward-looking statements within the meaning of the
United States Private Securities Litigation Reform Act of 1995 concerning the
Company's plans for its Kolwezi Project in the Democratic Republic of Congo ("
DRC") and the resource size and economic potential of that project. These
forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially from those
reflected in the forward-looking statements, including, without limitation,
risks and uncertainties relating to political risks involving the Company's
operations in the DRC and the policies of other nations and organizations
towards companies doing business in such jurisdictions, the inherent uncertainty
of production and cost estimates and the potential for unexpected costs and
expenses, commodity price fluctuations, the inability or failure to obtain
adequate financing on a timely basis and other risks and uncertainties,
including those described in the Company's Annual Report on Form 20-F for the
year ended October 31, 2003 and Reports on Form 6-K filed with the Securities
and Exchange Commission.

[mr ashley james] 02/12/2005 15:37

Rambutan, hopefully! up another 9.60%

[rambutan2] 28/11/2005 23:58

here's a dreamy thought. re the legal case vs angola, apparently aaa have got a good stateside lawyer to do the case for them on a no win no fee basis. needless to say they are going for hefty compensation. if they were to win, or the more likely scenerio of an out of court settlement, then it would be more than enough to self fund the kolwezi project with some nice change left over! how about that for hidden possible upside!!

[mr ashley james] 28/11/2005 20:50

Nice 8.00% move up today!(;-)0

[mr ashley james] 24/11/2005 16:40

GardenBoy/Rambutan,

This is certainly performing better than African Copper Plc LSE:ACU.

Adastra Minerals Inc LSE:AAA had stand at IMJ Mining Conference BTW

Cheers

Ash:)

[gardenboy] 20/11/2005 23:21

btw, this is one AIM stock that the Share Centre allow me to trade within my isa - and they don't automatically except many.

[rambutan2] 20/11/2005 22:51

yes, i did thanks ash - could have mistaken the crystal blue skies of north london for north switzwerland this weekend! lovely stuff.

as you say, aaa starting to have a better time.

[mr ashley james] 19/11/2005 13:03

Rambutan,

LSE/TSE:AAA beginning to build some decent momentum over last week or so.

Trust you are enjoying your weekend

Cheers

Ash:)

[mr ashley james] 01/11/2005 08:57

Rambutan FYI

[mr ashley james] 21/9/2005 13:28

Rambutan,

LSE:AAA starting to move now plus 7.50%

Cheers

Ash:)

[rambutan2] 11/9/2005 22:33

also, from your eka thread...

Today thanks to the scientific study of new age band catalysts, and Molybdenum Oxide, Nickel, Iron & Cobalt compounds in particular, we now have catalysts that are helping refiners meet the stringent EPA & EEU pollution emission standards recently established.


should help cobalt demand. i know ive seen something on potential of cat mkt on cobalt before, but cant remember where.

[rambutan2] 11/9/2005 22:21

from the zinc thread...

McBeanburger - 9 Sep'05 - 10:56 - 207 of 217


adastra...

16.7% zinc
2.32% copper

zinc 0.6 a pound
copper 1.6 a pound

2000 pounds in a short tonne ? can't remember. therefore

zinc 1200 p/t
copper 3200 p/t

matchbox guess:

16.7% of 1200 = $200.4 p/t
2.32% of 3200 = $74.24 p/t

Total p/t = 274 bucks.... hmm not bad at all.

wat they got in the ground?

16900000 x $274 = $4,634,656,000.00

depends onthe terms of agreement but let's say 5%

$231,732,800.00

hmmm