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CER Cerillion Plc

1,545.00
20.00 (1.31%)
Last Updated: 14:09:19
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cerillion Plc LSE:CER London Ordinary Share GB00BYYX6C66 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  20.00 1.31% 1,545.00 1,530.00 1,560.00 1,550.00 1,525.00 1,525.00 25,928 14:09:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl 39.17M 12.93M 0.4391 35.19 454.95M
Cerillion Plc is listed in the Computers & Software-whsl sector of the London Stock Exchange with ticker CER. The last closing price for Cerillion was 1,525p. Over the last year, Cerillion shares have traded in a share price range of 990.00p to 1,625.00p.

Cerillion currently has 29,446,808 shares in issue. The market capitalisation of Cerillion is £454.95 million. Cerillion has a price to earnings ratio (PE ratio) of 35.19.

Cerillion Share Discussion Threads

Showing 10551 to 10572 of 11300 messages
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DateSubjectAuthorDiscuss
05/12/2006
15:54
Celtic Resources Holdings PLC
05 December 2006


Celtic Resources Holdings Plc ('Celtic' or the 'Company')

Shareholder Update

The Directors of Celtic can confirm that on 13 November 2006 the Company
received a requisition to convene an extraordinary general meeting ('EGM') of
the Company's shareholders ('Shareholders') from Aton International Limited
('Aton') on behalf of a group of shareholders, who in aggregate have reported
holding 11.6 per cent. of the issued share capital of the Company.

The purpose of the suggested EGM was to allow Shareholders to discuss and vote
on certain aspects of the Company's strategy, its proposed acquisition of Eureka
Mining Plc and to propose the payment by Celtic of a dividend to Shareholders.

In the intervening period the Directors of Celtic have engaged in a constructive
dialogue with representatives of Aton to discuss these issues. Aton has
subsequently agreed to withdraw its request for an EGM.

5 December 2006vCeltic Resources Holdings PLC
05 December 2006

susiebe
05/12/2006
10:15
The way I see it, Kevin has 2 companies - one with cash but no assets and one with assets without cash (and no sensible way to raise cash). It makes sense to combine the two (never understood why he wanted to to split them in the first place).

Further, I suspect Kevin to keep Moly production low to facilitate a cheap merger. I wouldn't be surprised if, after the merger, the production shoots up. But this could be wisgfull thinking:-)

tigerinvest
04/12/2006
16:17
I know that its not brilliant to be holding eka but is anyone still holding?Very quiet board these days!
I was enjoying watching CER head upwards but see its taken a tumble this pm.Any ideas why?Any CER holders around-very quiet here aswell!

susiebe
30/11/2006
21:30
Chevy,

Probably, who on Earth is this Papal Power character?

If you could email me the answer on thechartist@aol.com I would appreciate it.

I really do think any new CER Thread needs to be PBB and Moderated, so the market Manipulators spouting trash 24/7 can be Nuked when necessary.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

mr ashley james
30/11/2006
13:59
CER offer price is 190p to buy a share

5/16 * 190 = 59p for an EKA shares worth.

Now cheaper to buy EKA and then convert them over into CER shares I do think.

papalpower
30/11/2006
13:58
Eureka Mining PLC
30 November 2006

Eureka Mining Plc ('Eureka' or the 'Company')

Result of Scheme EGM and Court Meeting

On 7 November 2006, Eureka announced proposals to implement the proposed
acquisition of Eureka by Celtic Resources Holdings Plc by means of a scheme of
arrangement under Section 425 of the Companies Act 2000 (the 'Scheme').

The Board of Eureka today announces that at the Court Meeting and EGM held
earlier today, all resolutions were duly passed.

It is expected that the Scheme will become effective, and the Company's
admission to AIM will be cancelled, on or around 21 December 2006. Accordingly,
it is expected that the last day of dealings in Eureka Shares will be 20
December 2006, the day of the final Court Meeting in respect of the Scheme.
Trading in Eureka Shares is no longer expected to be suspended and will continue following the court hearing until the end of normal trading at 4.30pm on that day.

Terms and expressions used in this announcement shall, unless the context
otherwise requires, have the same meanings as given to them in the Company's
announcement of 7 November 2006.

papalpower
30/11/2006
09:36
Nice rise today!

positive egm news coming later?

susiebe
28/11/2006
16:11
Nasty drop here this pm.Someone must be selling.

Any thoughts?

susiebe
23/11/2006
12:17
Ashley,
once the Eureka deal is done surely Celtic will be worth an extra 80p -- 90p.

Chevyplus

chevyplus
22/11/2006
07:35
Celtic Resources Holdings PLC
22 November 2006

Celtic Resources Holdings Plc

Celtic enters Agreement to purchase Concentrates

Celtic Resources Holdings Plc ('Celtic' or 'the Company') is pleased to announce that it has agreed to a purchase of concentrates for processing at its Suzdal BIOX(R) plant in Kazakhstan from Hellas Gold S.A. a subsidiary of European Goldfields Limited.

The initial contract is for the purchase of 9,000 wet metric tones (wmt) of
concentrates containing approximately 6,000 oz of gold. Shipments are expected
to be completed by the end of Q1 2007. Samples of these concentrates have been
successfully tested for processing at the Suzdal BIOX(R) plant. If the initial
shipments prove successful Celtic then has intention to purchase up to an
additional 120,000wmt of concentrates from Hellas Gold.

Kevin Foo, Managing Director comments, 'This is the first step in the plan to
process third party concentrates as a means of capitalising on our technology
advantages at Suzdal in treating refractory ores.'

papalpower
21/11/2006
04:25
Kermit,

I never change my tune, I just look for the Value Arbitrage, I think this Company is cheap on Fundamentals.

The rest depends on your perceptions, KF and his team have always made me money in the Stockmarket, what more do I care about if I consider CER and EKA Undervalued by the City People whom I have never respected as in any way as competant, intelligent, or thinking individuals and whom in reality are just playing with OPM?

Your call is CER with my best guess 81p to 87p Cash per share, a Gold producer etc Good Value?

I remember SELL Notes on Avocet Mining Plc LSE:AVM leading into October 2002 at 15,00p

I love Cash, call me a Scarab!

None of the Ramping Unintelligent, non mining experienced Muppets in any more a Buy I reckon, call me a Cynic!

Life is boring Buy Low Sell High, zzz!

All IMHO, NAG, DYOR etc

Cheers

XMas Bargain Scrooge Ash:)

mr ashley james
20/11/2006
23:10
Kermit,

Maybe Ash is back on the payroll?

8-)

jeffian
20/11/2006
18:21
this looks at being a good buy, good post ash
tsmith9426
19/11/2006
10:13
RolandP,

I must state before I post that I have no positions long (or short) in either Celtic Resources Holdings Plc LSE:CER nor Eureka Mining Plc LSE:EKA, nor have had for a considerable time, ie I have no Axe to Grind.

I must say having reviewed some on the commentry on this share about the CER takeover of EKA I am flabbergasted.

As far as I understand it EKA have little on no Funds to continue developing their projects in Kazakhstan, CER have already lent them I believe EUR 5m, because the state of the AIM NR Sector is so bad that it would I guess probably be impossible to raise equity at a reasonable price, ie any issue would be massively dilutive to EKA Shareholders.

The CEO David Barlett is recovering from brain cancer, scarcely something Kevin Foo can be blamed for I think, and therefore KF has I understand been forced to step in and run the Company anyway, to save the Company clearly reuniting the CER/EKA boards makes considerable sense to run their FSU Projects.

I can not see how else you can deal with the conflicts of interest potential of KF and team being forced to step in the run EKA anyway in effect due to the David Bartlett situation.

The way I look at it CER are sitting on I understand US$80m from Nezdaninskoye sale, ie are in a position to finance multiple FSU Mining projects, and having sold Nezdaninskoye, have surplus cash, and the desire to do so.

By making a CER paper bid both sets of shareholders are singing from the same hymnsheet, ie have a vested interest in the combined company CER Shareprice and Projects moving forwards.

EKA get funded, and CER get a spread of FSU assets and commodities to centralise their FSU Mining Operations back in CER spread operating risk per project, per country, per commodity risk, ie Gold Molybdenum, Copper etc backed by a strong balance sheet.

The reunited CER will look more diversified and stronger than ever.

Also by making a paper bid, CER whose shareprice has effectively traded from 10p to 525p down to recent lows of 164.50p approximately ie is around 31.33% at low of it's high, EKA is at say 40p roughly 24.24% of it's 165p high, yet offer effectively values EKA st 53.40p a share ie 32.36% of it's high.

Indeed 171p is virtually exactly 32.57% of CER January 2004 high, ie what more do people expect?





The deal appears to me to be more than fair for a Company that I personally think could easily go bust otherwise.

I am certainly not sure how on Earth a UK AIM Mining Stock would get funded in current Environment, and at current shareprice it would be excessively dilutive being kind, ie LSE:EKA Shareholders would probably lose most of the ownership of LSE:EKA Assets from any financing via dilution.

It strikes me that people have not looked at this deal in detail, are reacting to sick AIM Mining Market conditions, mainly brought about by a combination of a Bucket Load of substandard AIM MINEX paper getting listed on AIM by irresponsible, greedy and short sighted UK Brokers with insuffient mining knowledge or experience to be in many cases IMHO that should not be even allowed to go near financing a mining stock, horrific AIM Spreads, tiny Normal Market Size, Lack of Liquidity, and the actions of concert party shorting by various Hedge Funds whom I believe are killing the Natural Resource Sector in London.

All this talk of CER Buying EKA back at less than half AIM 120p IPO Price is nonsense in an AIM Mining market that has been decimated since May 2006, and in relation to two shares trading at a fraction of their January 2004 and January 2005 highs respectively, where the effective paper deal is extremely fair in relation to their current shareprices and difference Cash to Equity Valuation Multiples.

I could go on, but I wont, but most importantly what choice do the boards or either CER or EKA have if they wish to ensure EKA Survives?

I would far prefer to invest in one Company in which I could spread my FSU Risk, backed by serious Cash Per Share, than risk LSE:EKA going bust unable to develope their projects.

Sometimes these BBs really drive me potty with some of the daft and invariably greatly missleading BB Commentry I see on threads (refer EKA Thread).

All IMHO, NAG, DYOR etc

Cheers

Ash:)

mr ashley james
15/11/2006
12:59
Feature Story Date: November 10, 2006

Celtic Deserves To Be Reassessed In The Light Of The Eureka Acquisition.

Not a lot has been heard from Celtic Resources since it managed to extract US$80 million for its 20 per cent stake in South Verkhoyansk Mining Company, the holder of the license for the Nezhdaninskoye gold mine in Yakutia, Russia. Polyus, the gold mining arm of Russia's metals giant Norilsk Nickel which produces a quarter of the country's gold, was determined to get hold of Nezhdaninskoye as it is one of Russia's biggest gold deposits with a resource base of about 900 tonnes of gold in total reserves under Russian accounting standards. The way it went about it was an object lesson for any western company intent on developing a large Russian gold reserve without a powerful local partner at its elbow as AngloGold Ashanti has been finding out since it acquired Trans-Siberian Gold.

Anyway US$80 million is quite some ammunition for a junior mining company so Celtic has been spending its time this summer sieving other mining opportunities in the FSU and particularly in Kazakhstan where it already operates the Suzdal mine. Here commissioning of the sulphide treatment plant had had a fairly dramatic impact on gold production which rose by 180 per cent to 24,793 ozs in the first half of the year. The plant treated 123, 857 tonnes grading an average of 9.2 g/t gold and there is clearly room for growth in production as the annual capacity of the plant is 300,000 tonnes. Indeed in July 5,141 ozs was produced so the target for the year as a whole was originally pushed up to 60,000 ounces , but has since been reduced to 50,000 ounces due to lower than expected grades.

The sulphide plant incorporates BIOX® bacterial oxidation technology which came into operation in May last year. Since then various teething problems have been identified and overcome, though Kevin Foo, managing director, reckons that there are still some improvement to be made in throughput and gold recovery.It is the first time BIOX has been used successfully in the FSU and he points out that it had to cope with temperatures ranging from -40°C to +40°C during the year. Of the tonnage treated in the first half, 63,455 tonnes at a grade of 15.7 g/t came from the underground mine currently being developed and some more from open pits and stockpiles so the technology proved to be flexible.

Now a decision has to be made as to whether to expand the capacity of the plant as there are mines in the area with refractory ore who could contribute concentrate. First, however, the cash operating cost will have to be reduced from the US$483/oz in the first six months. The plant problems played a part in this, as did the pre-stripping of open pits, but higher fuel costs look like being a permanent problem. Kevin Foo reckons that improved economics may also involve a switch from using a contractor to having its own fleet of trucks. He also thinks that the mine is overstaffed and that its procurement activities could be run more efficiently. Whatever, he is on the case the costs should fall.

The 75 per cent owned Zherek open pit heap leach operation is only 28 kms from Suzdal and it had a disappointing first half as winter dragged on and transitional opres were encountered which do not leach as well as oxides. The result was a reduced production of 3,571 ounces compared with 4,611 in the first half of 2005. Things are now on the up, however, and production is expected to reach 12,000 ounces this year. The oxide ore, on the other hand is running out and Celtic has been carrying out technical and economic studies to see if it is worth trucking the ore to Suzdal. The latest opinion is that this should be possible and profitable and an increase in plant capacity to 400,000 tonnes is definitely on the cards now that SRK has confirmed a new JORC compliant resource estimate of 2 million ounces for the company's gold assets..

In the meantime Kevin Foo is popping in and out of meetings as Celtic moves to buy back Eureka Mining which it spun off in 2004. A paper deal of 5 Celtic shares for every 16 Eureka is envisaged and it makes sense as Celtic has cash and Eureka needs some. It brings with it the Shorskoye molybdenum mine which is a joint venture with Kazatomprom in the same region of Kazakhstan as Celtic's gold mines.. In September the partners announced that contracts had been signed for the sale of molybdenum concentrate and Eureka had just received its first cash payment of US$1.25 million so cash flow was underway. Kevin reckons that by spending between US$6 and US$10 million production could be cranked up to an annual rate of 3 million lbs of molybdenum by next year. "It doesn't take a brain of Britain to see that 3 million lbs times at least US$20/lb adds up to quite a lot of money, "he says, " but investors do not seem to have caught on." He can be forgiven for being a bit sour about the investment world after the extraordinary treatment meted out to Eureka a couple of months ago by its Nomad which was written abut on Minesite at the time.

Eureka's other main asset, the Chelyabinsk copper gold project in Russia, is significantly larger Back in July a pre-feasibility study was completed on the Miheevskoye copper deposit, which is just part of the project. A new JORC compliant resource estimate was announced with a total indicated resource amounting to 373.5 million tonnes grading 0.38% copper and 0.10 g/t gold to contain 1.42 million tonnes of copper and 1.20 million ounces of gold with more to come as the deposit remains open to the south and west.

Again investors seem to have overlooked the fact that this is not the only deposit which will be delineated. Another one, Tominskoye, has a resource of 250 million tonnes at higher grades of copper and gold and more will be discovered in the future as the project is a big one running down from Russia into Kazakhstan. An open pit is planned for the first five years at Miheevskoye , but the total mine life is expected to be twelve years with average annual production running at 81,000 tonnes copper and 55,000 ozs gold. A definitive feasibility study should be completed before the middle of next year and commissioning is expected to start in the third quarter of 2009. The enlarged Celtic now has plenty of potential and a lot of work to do. Acquisitions are mentioned as a possibility, but they need to be very good and very cheap as the current portfolio deserves priority when the money is being spent.

mr ashley james
14/11/2006
18:59
Hey guys It is possible to have more than one thread. I certainly am able to read both. No big deal!
davepower
13/11/2006
19:38
Latest update from EKA, whom CER are proposing to takeover.


Trading Statement

RNS Number:0024M
Eureka Mining PLC
13 November 2006
Trading Statement

USD 3.44m from Molybdenum Sales, Kazakhstan

Highlights:
* Further revenue of USD 3.44m received by the Shorskoye project JV since
September, which makes a total of USD 4.7m of revenue received to date
* A further 100 tonnes awaiting shipment
* Molybdenum prices remaining stable at $25/Ib
* Tonnage throughput rates at the Stepnogorsk plant are now meeting design
capacity.

Eureka Mining Plc ("Eureka") (Tic: EKA) announces that our Shorskoye project
joint venture company has received a further USD 3.44 million from molybdenum
concentrate sales following the receipt of USD 1.25 million in September.

Commenting today, Jonathan Scott-Barrett, CEO of Eureka said, "The prevailing
molybdenum prices mean that the Shorskoye project JV is covering operating costs and it is anticipated that it will achieve the planned payback of local bank debt within 12/14 months."

papalpower
13/11/2006
11:58
check this legend out!
yobnhoj
13/11/2006
11:58
This thread's only been going for 5 years with 10,000 posts.
Me me me me me.

bionicdog
13/11/2006
11:57
Bid scuppered?
stephenwilson
13/11/2006
11:50
I like an up to date thread, with the latest information easily linked in. You can use this one, carry on, I ask nobody to use new threads, its a choice, but most people, including me, seem to prefer an up to date thread, with up to date information on the header, along with easy access to research or media comments.

The choice is anyones, keep using this one, or join a new one at

papalpower
13/11/2006
11:09
PP What was wrong with this thread or do you have to dominate all the time.
I remember Ashley doing the same on here and it was alleged he was a stooge for Kevin and when they allegedly dumped him the vitriol was superb in payback.

hpreston
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