Canisp Share Discussion Threads

[redimp98] 09/8/2010 11:49

Note the terms of the loan contract. EMMEF to receive full payment + interest by June 2012. In mining terms, that is a very brief period of time considering that we stand currently at Stage Zero.

That suggests a relatively easy income source within the short term to generate payback. Anyone got any info on this investment vehicle?

[fightback999] 09/8/2010 11:43

Or give me your mail address

[fightback999] 09/8/2010 11:42

Hoot has my mail address. Get it from him and mail me

[redimp98] 09/8/2010 11:41

Wait for initial drill report for the real action. First release end-Sept will be confirmed by the full phase 1 exploration data in January. Seems incredible that nobody has dug below the top 15 metres on a mineral resource whose potential is astounding. Reserves estimate could value the mine and immediate surroundings between £200m and £1bn going on figures being mentioned by contacts. The downside is that its going to cost between £5m-£10m to get the bulk mining op under way. That means big funding from somewhere, hence the board appointment of 3 investment bankers. Should get news of an immediate income stream in early Sept through sale of antimony trioxide. Every little helps.

[share_cruise] 09/8/2010 11:37

fightback can i ask are you close to the action or are you getting your information from other posters on this board??

[fightback999] 09/8/2010 10:50

All to be revealed in September. Not long now!

[humbugg] 09/8/2010 10:16

more fantasy from dimimp.
changed your stance yet? or are you still going for 1p on return, rising to 1.5p, finishing at 1.2p.

[redimp98] 09/8/2010 10:09

Google "goynuk antimony", go to page 7, 2nd one down. Needs a pw to open it up

[solaking] 09/8/2010 09:40

hi redimp98,
don't be ridiculous!!! while german site info may be right about 1.3million tonnes figure, are you saying the thhe grade of the antimony is n100% of the tonnage? i thought when you say 1 tonne of antimony, it actually means you can only get x% out of that tonneage. correct me if i am wrong. but if it is 100% of the tonnage as you have assumed, then bring it on, who cares whther there is gold or not. even likes of eldorado & the other big miners will not only be jealous but envious of Tri-STAR TBH IMVHO
redimp, do you mind posting the link of the german site please. Ta.

goz1986: that is what was known when the US prepared that report, it does not mean that is all there is. so it may be possible that if the german site that redimp referred to is right, then it was discovered and not included in the US report at the time. just is my thinking though

[goz1986] 09/8/2010 00:33

global reserves of antimony are estimated by the us geological survey to be 2.1 million tonnes, I may be wrong but I doubt goynuk has over half the worlds supply of antimony! the whole of china has around 700000 tonnes of the stuff so I would find I hard to belive that in 26 hectares there is 1.3 million tonnes......

[redimp98] 08/8/2010 23:16

Just came across a German site. Cant access it but it gives a headline reserves estimate of 1.3m tonnes of antimony at Goynuk. At £7k p\t profit = £9bn.

[redimp98] 08/8/2010 21:07

Wait till the 2nd phase exploration starts and the 3 investment bods on the b.o.d. start seeking £5m to prepare for the bulk mining op.

[welshgoat2] 07/8/2010 23:18

dear mr hirschfield, when you were appointed ceo of canisp plc i sold my house invested all into cn., i have been living in a caravan for the past 12 months with my wife and 3 children, 4yrs/2yrs and newborn 3mths, im very confident in your investment and looking forward to living in a palace once tri-star hit 10p, i would be very greatful if you could answer my wife question for me which is when?????????? thanks looking forward for your reply, mr welshgoat, ps, any chance of placing @ .0005???

[solaking] 07/8/2010 12:45

A LETTER TO MR. MIKE HIRSCHFIELD,

Dear Mr. Hirschfield,

Good morning to you today. I liked you because of what you did to at SRSP and gave shareholders a tremendous value over a short period of time. So when I heard you were on CN. as a cash shell, I said to myself definitely he is going to repeat the GGT/SRSP success story again with CN./???. Therefore, I loaded up with confidence not as much as others to because I could only afford to invest scrambled pocket money and go hungry.

Alss! I got excited when the story of Tri-Star emerge and felt I will soon be in "Cinderrella land" where everyone lives happily ever after courtesy of your investment/negotiating astuteness (if there is any english word like that). But I was waiting for the details to emerge. Suddenly the RNS before the Admission Document (AD) talking about the Share Placing of 3.1billion shares at 0.005p and a Share reorganisation of existing shares. I felt like where am I? Then the AD, read it, was confused, then excited, then confused, then excited, and finally came across the fact that the 3.1billion shares (75%) of the new company is locked in, untradeable for TWO YEARS!!! Hmmmm, Mr. Eyi & co. have become very rich on paper, but cannot access their riches for two years? Why did you do that? You must be one smart cookie. Wait a minute, They, Eyi & co. have much but cannot access it now, we, owners of 25% have little but can access it from 27th August 2010. So for not, you have handed over control back to us, am I right?
So what can we do with this control for now? We need evidence that the stuff is there, I mean antimony, gold, silver, et al. If that is the case, then we, "25% plc" can say since Messrs 75% cannot access their for two years, we can keep upping the price of our 25% plc until we get a satisfied price which will be at least 0.4p before we sell, and if those stuff are really there and in the anticipated quantity/quality, we could markup the price of our "25% plc" to as much as 10p before parting with some or all of it, as we deem fit.
YOU ARE A GENIUS UNCLE HIRSCHFIELD, THANK YOU, THANK YOU, THANK YOU.
A note though, uncle, if that is not the case, I shall report you to Uncle Goodluck in Naija (I mean Nigeria) and tell him to withdraw ya (your) SRSP licence in obodo Naija. Game on, yes, that is why I like you, uncle Mike.
So which one is the next cash shell you are preparing? or is that you done about all these shells without cash now. Cool, game on uncle Mikey.
Thank you oh.
SK.

[fightback999] 07/8/2010 09:57

How times change:

Telegraph 2003

Grab Canisp
Later this week Canisp, a cash shell, will float on Aim at 27.5p a share. Investors in the company include Graham Porter, a former commodities broker who made millions trading in the London market before moving offshore, and John Leat, who managed the business and personal affairs of the Maktoum dynasty (the ruling family of Dubai) until 2001. Leat will join the board. Canisp, which will raise £2m, intends to buy telecoms companies serving small and medium sized businesses. We hear in the market that the shell company will complete its first acquisition within weeks. Buy.

[wdurham] 06/8/2010 17:28

carrbradshaw -

I have only ever referred to the dilution involved in the purchase of any asset that was halfway decent.

However, it is a fact of life with any explorer, and that's what Canisp have become, that there will be continual issue of equity for cash whilst assets are being proven up to the point of production. Explorers have no source of revenue - they have no choice but to raise cash via equity from the market.

Canisp have borrowed the first tranche required for first pass exploration from EMMEF. This will have to be repaid at some point by raising cash in the market, unless the lender is prepared to wait until he can be repaid from production cash flow at some point in the future.

Second pass exploration will cost a great deal more - the CP suggests several million dollars in his report, provided that first pass results are favourable. This will again have to come from the market, unless a related party such as EMMEF is prepared to put up the money against repayment from future cash flow.

You have to decide for yourself whether issuing shares to raise cash for the proving up of assets which increase the NAV of the company is in fact "dilution". I maintain that if the cash raised results in assets being increased in value by at least the same amount it is not actually "dilution" as each share - although there are more of them - is notionally worth no less, and could be worth more.

[carrbradshaw] 06/8/2010 16:26

Hootster - the only thing that's niggling at the back of my mind about this share is WDurham, Humbugg and Safman stating that there is going to be more massive dilution as time goes on - will we ever break even?

[hootster] 06/8/2010 15:33

Well Elena perhaps you have not been around here that long been here for the last 10yrs or so Only try to post what little snippets I pick up on my travels and sometimes you never know it may pay off ;-)
Was alerted to SRSP this time last year by a close friend who owns several million should have taken the position then but had other things on the go but decided to start taking a fairly large position back in October and added all the way up to suspension, have Very Very Positive Outlook for SRSP. CN. Started to hear similar good whispers early this year and have taken a fairly sizable position as well I think also CN. Will come good but will take a little longer but not that much longer than SRSP.

Another one I like and been quietly filling my boots and this definitely has proven resources of 4mln oz of Gold is SPA(TSX)


As always DYOR etc..
REGARDS THE HOOT......

[hootster] 06/8/2010 15:08

I think regarding SRSP you will find that there almost certainly other deals lined up and the first IMHO will be producing within 6 months..
As always DYOR etc.
I think that they wait until 1st or 2nd week Sept now to resume trading as all positive news will not have maximum impact.
REGARDS THE HOOT......

[elena saratov] 06/8/2010 15:00

Hootster,

I never read all the posts on this thread.

If you first posted that Tristar will complete a RTO of Canisp then well done.

I must admit that taking seriously a poster called "Hootster" was not something I would normally do.

Any other investments would you care to tip us?

[ronson333] 06/8/2010 14:54

hootster any news ons srsp? could they come back with more deals?

[hootster] 06/8/2010 14:30

Yes I am sure and I still maintain CN. will reward those that hold in for the Ride the Clues are all there ;-)
REGARDS THE HOOT.......
Oh by the way Elena if you look back I think it was me that tipped the nod that Canisp Resources was renamed Tri-Star and this was going to be the new Vehicle ;-)

[redimp98] 06/8/2010 14:22

Suggest you team up, Hoot. The info we are picking up confirms your snippets + there is more coming to light which is mindblowing.


"Well done, redimp" ... uh?