China Africa Share Discussion Threads

[christianf12] 15/10/2012 09:23

Don't want buyers here do they, hhhmmmmmm

[christianf12] 15/10/2012 08:37

30p test coming.

[moreforus] 15/10/2012 08:36

there's life... isn't that a lovely chart signal - (tea and digestive biscuit pattern)

[christianf12] 05/10/2012 10:23

10k buy, nearly matches what has been sold so far, what is the betting we end up on the day 10-20% ???

[christianf12] 05/10/2012 10:21

Fill your boots time. Down 6% on trades worth £2500 : )

[idontpost] 05/10/2012 10:19

Well a little pullback. Article may be of interest, showing ECE engagement with Namibia

[moreforus] 05/10/2012 08:42

i'm sure they will....but not cheaply!

[christianf12] 05/10/2012 08:41

Wonder if they might let us buy some today : )

[christianf12] 04/10/2012 14:28

Hilarious, time for fill or kills : )

[moreforus] 04/10/2012 14:27

there's a whole lotta shakin going on!

[christianf12] 04/10/2012 14:23

They want 28.25p for 5k now lol

[idontpost] 04/10/2012 14:09

dont think so, they moving it on each buy. Have to be a limit at 27p

[ryan83] 04/10/2012 14:04

having a good day with CAF PGR and WRES :-)

[moreforus] 04/10/2012 14:00

did you get filled ?

someone did!

[christianf12] 04/10/2012 13:59

Looks like the sellers have realised that all they are doing is helping to fill buy orders. MM's just acting as a middle man but if they are offering stock then just fill or kill them at their quoted price if they won't quote it electronically.

[moreforus] 04/10/2012 13:59

join the queue

[idontpost] 04/10/2012 13:57

Have just put 5,000 through at 26 limit on that basis. Will see what happens.

[moreforus] 04/10/2012 13:57

there is 5k left on 26...only to be had on a FoK

[tez123] 04/10/2012 13:53

So short of stock every buy will move this up now.

[christianf12] 04/10/2012 13:52

Fill or kill them idontpost

[moreforus] 04/10/2012 13:49

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BUYING 5,000 CHIA AFRI @ £0.2775
Action Buy
Quantity 5,000 Shares
Symbol CAF
Firm Price £0.2775
Quote Time 04/10/12 13:47:55
Total £1,403.39
Settlement Date 09/10/12
Settlement Period T+3
Market Currency GBP Sterling
Settlement Currency GBP Sterling
Indicative FX Rate 1.00
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[idontpost] 04/10/2012 13:48

Yes, looks likely to move soon, have just tried to buy some more and the rsp offer has moved down to 100 shares - never seen it that low before.

Could be a sharp re-rating on the way soon.

[tez123] 04/10/2012 13:28

China want and need african resources badly.

Shanghai PE firm makes $850 million bid for African copper miner
Marc Howe | October 4, 2012



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A Shanghai-based private equity firm is pursuing a USD$847 million takeover bid for Botswana-focused Discovery Metals (ASX:DML).

The Financial Times (paywall) reports that Cathay Fortune Corporation, a private equity firm controlled by self-made Shanghai-based billionaire Yu Yong, announced its offer to acquire all outstanding shares in the Australian-listed copper miner on Thursday.

Cathay Fortune has made a cash offer of AUD$1.70 per share at a premium of 17% to to Wednesday's settlement price and 51% to the volume-weighted average for the past 30 days.

The takeover is consider unusual in that Cathay Fortune is a private company when the tsunami of Chinese investment in African resources over recent years has been largely driven by state-owned behemoths.

Cathay Fortune also lacks any direct experience in the mining industry, with its $3 billion portfolio invested in a diverse array of sectors including telecommunications, air transport, finance, resources and automation.

The acquisition bid comes just following China's announcement in September of plans to launch 1 trillion yuan in stimulus spending on infrastructure to boost flagging economic growth. The raft of infrastructure projects is expected to give significant benefit copper prices.

Cathay Fortune will avail itself of a $600 million from the China Development Bank to finance the deal, while the state-run China-Africa Development Fund will retain a 25% share in the joint-venture acquiring Discovery Metals with Cathay Fortune holding the remainder.

BlackRock is one of Discovery Metals' largest shareholders with a 10.9% equity stake, while other significant owners include M&G Investment with a 7.6% stake, Genesis Asset Management with a 7.4% stake and Transaminvest SA with a 6.5% stake.

China's economic ties to Africa have expanded prodigiously over the past decade, on the back of infrastructure and investment spending by Chinese companies covetous of the continent's rich and untapped bounty of resources.

[christianf12] 04/10/2012 13:25

TDW want over 27p for 5k lol

[idontpost] 04/10/2012 09:47

Readers of this board will note from past posts that East China Exploration, the largest exploration firm in China owns 65% of CAF.

It is also their stated intent to bring additional projects into CAF, logically when the feasibility study on Berg Aukas project is complete (by calendar year end, conceptual mine plan already on CAF website).

You may wonder what kind of projects they have in Namibia and this is an example:



I would be delighted if we ended up with something like that as the second projects. 20million tonnes of iron ore per annum would be rather valuable.