Canisp Share Discussion Threads

[welshgoat2] 04/8/2010 23:19

elena i do think we will need jv in the mid-long term, this is in big scale,heard anythig from cln???

[welshgoat2] 04/8/2010 23:18

£200m m8 not impossable????????/

[elena saratov] 04/8/2010 23:17

I don't think Tristar need a JV. The Antimony is there. Appears to vary in % but some areas have 10-15%.

I am no miner but opencast mining just requires big trucks and big machine with a huge bucket on it.

The owner has already proved the antimony and taken it to local smelters.
I would think it is possible to produce the ore for smelting and use the revenue to build plant and equipment.

Gold has been found up to 100ppm. That is what attracted Mr Spratley who originally was a consultant mining engineer to Tristar.

I like that he has been given 60 million shares as part of the deal. There is probably a relationship of trust with Tristar's owners.

The document is very good. It points out that this has many risks. There is a variance with two documents submitted that could lead to Tristar being fined.

Various Health & Safety issues as antimony is dealy poison and also environmental issues especially if production is to be increased many fold.

I notice that Ms Unden works on behalf of high net worth individuals. Who was she representing here?

My biggest worry is that one of the investors here does turn up at the AGM with a baseball bat and attacks Mr Spratley or Mr Eyi.

[share_cruise] 04/8/2010 23:13

welshgoat, i think that may have been forecast before the admission document came out as a guess. however id love to be proven wrong it would just take some major market cap to reach 6p in 12 months

[redimp98] 04/8/2010 23:11

Ppl starting to realise the possibilities at last following the 0.005p distraction. Even the hapless Elena is starting to talk sense.

CPR extracts indicate a massive antimony stockpile, and a deposit 60m thick, running 200m NS and 200m EW. Spratley is estimating a reserve of 450,000 tonnes at 5%. Multiply by $8k per tonne profit and you have a multi-million dollar resource.

Check out the TriStar gold thread for worldwide links to gold-antimony. Pages 36,48,49 indicate anomalous (abnormally high) gold + silver mineralization at superficial depth.

With an array of precious minerals, it is incredible that so little has been done in terms of exploration. as for drilling, it seems that the surface has been merely scratched. As the CPR constantly says, "only drilling will tell."

Dunno these Stockmidas wollers, but they too seem to be on the ball.

[share_cruise] 04/8/2010 23:11

stevow, before the report came out i had very good suspicion that there is more than they are letting on 'smoke and mirrors'.

It is clear that there is a huge amount of antimony there and im sure there will be a lot of money to be made as hoots has broken down and explained. But what canisp are interested in and the report suggest Brian Spratley (canisp) was only looking for the gold and silver at the mine, he is the only canisp party who carried out research last year. All other surveys were third party. Im sure the gold/silver will be there it just wont be publicised until the drill reports are out, giving the other big boys who missed out on the subscription a chance to fill their boots.

What percentage does killik now own in this?

[welshgoat2] 04/8/2010 22:58

intresting????/

Canisp Plc is a company previously engaged in the telecom sector via its investment in the Airtime group,since then

the company has become a cash shell looking for aquisitions. The company have very recently announced a conditional

agreement to aquire Tristar,a company with an exciting array of assets in turkey and also intention to change name to

Tri-star Resources Plc. Stockmidas forecast the possibilty of an aquisition into a resource company last year and see

this as a highly attractive move for canisp and its shareholders.



www.canispplc.com 6 month target price - 2.7p 12 month target price - 6.45p View - Star Buy #

[welshgoat2] 04/8/2010 22:52

everyone seems to have read the doc and time to think, i think everyone has cought up, this is a good investment with risk,100 years of minning life in the doc, so must be many minerals in the mine, it has been explored before,[will post proof later]mr ely bought us out remember, it a rto, both parties would be happy with the deal,wendy, tri star would not be breaking the rules by up holding information as it not yet trading until 27th, it still a limited company,the de rampers[sad basterds imo]will move on,a star is born imo,strong hold, share price target???????????

[stevow] 04/8/2010 22:47

share_cruise are you saying that Antimony minerals wont be in huge volumes as some are saying and that Gold and Silver looks to be a stronger option as the foundation for the mines operation?

keya5000 ye that was what I was wondering and could a JV be a stronger option for quicker growth and future profitability??

[comedy] 04/8/2010 22:40

cheers elana...just now rereading the rns again..and willthen start on document..we have 2 weeks so plety of time to realise what we have...personally like many was hit my th eplacing figure and gutted...until someone wiser started saying look at m/cap...so 0.4p for £16 mill will happen...and perosnally believe we will see the 1p.:)

[keya5000] 04/8/2010 22:35

Seems we have a slightly happier bunch of campers here tonight!

[keya5000] 04/8/2010 22:33

stevow its the price of the next placing thats important here. Hard to see the Ely's getting diluted out of it, unless thats the deal they have already agreed and if so it should surely have been in the AD.

[share_cruise] 04/8/2010 22:31

'Spratley was primarily interested in the gold potential of the silica-conglomerate contact zone, and the green colored sheared zones which he attributed to being chromium mica (fuchsite). Four samples exceeded 1 ppm gold and the average for the 9 samples was 5.1 ppm, largely due to one sample grading 19.1 ppm. Surprisingly, the samples also averaged over 23 ppm silver, due to the same gold-rich sample which contained in excess of 100 ppm............ Nevertheless, the presence of gold in surface outcrops at Goynuk is a favorable indicator of potentially larger and higher grade concentrations peripherally, and/or at depth, according to modern epigenetic gold theory.................

Antimony minerals do not seem to extend in mineable quantities beyond the previously mined veins targeted by the tunnels, the previous miners have previously picked out and mined the best spots

[keya5000] 04/8/2010 22:31

I think the fact they are locked in for two years is quite significant. The company will have (if successful) a lot of positive newsflow in the near and medium term.

Given the majority of shares are well and truly locked in and that I would expect of the remaing 25% there will be a large percent that wont be traded there may on any positive news be some fairly sharp swings up.

[stevow] 04/8/2010 22:25

I'm going to free up as much capital as possible on reopening but I'm still unsure as to what a sensible M/C value should be given and if I'll purchase anymore shares.

Got a few weeks to try and work something out lol.

My concern is how will the extra capital be raised to make the mine operational and if this will result in Billions of more shares issued. Oh well no point getting worried about it for now, I'll give it.... 2 WEEKS!!!.... and then start worrying lol.

[elena saratov] 04/8/2010 22:22

comedy,

The current dilution proposed is to pay the first £150,000 placing for the £3.1 billion shares.

The company will receive this money and £750k from EEMF making a total of £905k gross and after paying "fees" will receive £632k net.

Who gets these fees? The broker or Kitwell Consultants? Or maybe a group of them split it?

Looking at the "Concert Party" the PMA nominees representing the Solicitors who performed services for this deal get only 10 million shares for their services.
They then have a lock in period for 12 months followed by an orderly market arrangement for a further 12 months. So effectively they will wait 24 months before they can sell the shares without permission. As do the other "concert party" shareholders who will hold 77% of the company.

Well 10 million shares at 0.005p is £500 worth. Well I don't think these Solicitors will do the work for less than £50k-£100k. Especially if they have to wait 2 years to receive cash.

So if in 2 years the shares are worth 1.0p each they will have £100k. I have no real idea of corporate solicitors fees but I susect they are much more expensive.

I can now see that our shares have become significant as they are the only ones that will be traded legally.

I don't think CN. can be compared with MHG. At MHG the shareholders were roasted.

I am only at page 19 of the document but I am gaining interest.

Jim Slater recommends Cash Shells as "interesting investments" in his book "The Zulu Principle"

We have a few weeks before the relisting but I think it is very clear that these shares should be held for another 24 months.

The last 6 months were very good practice.

Apologies for being a little slow about coming up to speed but the RNS announcement on its own did not give enough details.

I wondered why Wendy Durham spent so much time on this BB.

Good luck to all Canisp holders.

[redimp98] 04/8/2010 22:01

Already known is a "massive stockpile" of antimony, so there's a near instant $9k a tonne revenue stream. Drill down 200 metres to bonzer gold-antimony + silver. Telling you repeatedly, buy up to 1p short term for the bargain of a lifetime to materialise at 2nd phase.

WD40 in for 5m, I presume + Killik has moved its client funds into discretionary management ready for the off. One of the first of many RNSs will be K notifying the market of an increase in its 5% holding.

Dismiss this one at your peril all those incl JJ who think they are in a Turkish dustbowl. Wipe out, I think not.

[ditb13] 04/8/2010 21:29

Well said comedy if it comes to it (i very much doubt it will) let me know where you are going to burn them and i will join you with my 3 million!!!

Regards

[comedy] 04/8/2010 21:22

oh and forgot to also ask where are all these friendly guys turning up to tell us our shares are worth a can of coke/packet of crips and 2 orange tickets for the cinema(1 free) for a wednesday night. I could understand if we were out pumping cn. out on all the bulletin boards but those who have been here last 6 months will remember those who kept saying...wait for it...

trapdoor blah blah...

now we have the second roman cohort for phase 2 attack ie relisting so how to get the shares?? i know tell them they are worhtless...strange i'm lucky if i see someone helping an old lady cross the road..but all of a sudden we have the cyber good smaritans descending on mass to tell us our shares are worthless late evening???

mmm if they are worthless then let me know a good bonfire on nove5th and at least i can send them 13 million shares so they can at least get some warmth from them...:)

[welshgoat2] 04/8/2010 21:01

yes drilling has been going and resault are sure to be out before 8am on 27th aug, remember the amout of shares in free float will be just the same,i think this is well worked out plan, rns before trading eg, estimate resourses 1m tonnes anotmony and 10m oz of gold, this will open up on the 27th mark my words, did peaple really think this is going down 50% on day1??????

[wdurham] 04/8/2010 20:00

keya -

I gave my view earlier today. Based ont he findings of the CP, probable economic antimony and possible epithermal gold. I have nothing to add, other than one comment: someone said that drilling had already been done, and that analysis was already available.

If this is true, then Canisp are in serious breach of regulations for not revealing the details.

Ergo, as they are such honourable men, it is nonsense.

[keya5000] 04/8/2010 19:51

So its take your positions on relist, I would not chuck the kitchen sink at it but if it follows the pattern of SRSP we will be okay.

Back to the point do you want 25% of this exciting prospect or 100% of a cash shell about to be struck off???

[safman] 04/8/2010 19:49

lol..welshgoat..

saffy..

[welshgoat2] 04/8/2010 19:48

redimp98, we will know by 31 jan 2011, value of the mine could be £100sm, mr eyri could have sold the mine for a good sum to a minning giant, but want to take the profit himself [70% anyway] i do think there is jv in place, and as redimp98 £200m-£1bn is not out of reach.