China Africa Share Discussion Threads

[anotherardbeg] 24/8/2011 15:20

green nope. Got mine via Share Centre and H-L couple of weeks ago.

[greenroom78] 23/8/2011 18:23

I spoke to HSBC today and they have told me they cannot tell me when I will get my CAF shares as they don't know when they will get them. Their corporate actions team have said there is a dispute regarding dividend tax. Has anybody else heard this?

[billthebank] 22/8/2011 19:22

Well someone clearly is selling them!!!!!!!!!!!

[greenroom78] 22/8/2011 15:02

At this rate the share price will have halved by the time I get mine.

[cyberbub] 21/8/2011 23:38

Same here, TDW are b*stards.

[popper4] 19/8/2011 14:35

Good old TDW once again state that they don't know when they will issue theirs, bless em, only down 15p per share

[greenroom78] 18/8/2011 16:54

Yep, I'm in the same boat. I imagine they'll be at zero before I get mine. I make the cash valuation around 22p so below that is rediculous. Currently Berg Aukas is currently valued at about £2m

[dick grasso] 18/8/2011 16:50

Looks like the rest of the blackrock stake has gone through today, nice earner for them & nice to see they have the shares to sell unlike my good self!

[dick grasso] 16/8/2011 13:02

Is that the blackrock stake going through, my calc shows they have around 228,370 shares here unless they have reduced their WTI stake or have sold in more than one lot?

[riskier] 12/8/2011 07:23

Just got my dividend of £250 from my holding of 250k WTI in Stocktrade. Was expecting shares (thought Stocktrade would gross up the nominee holdings) but better than nothing!

[redsloe] 11/8/2011 08:36

Not sold either nor am I going to take up the free dealing offer on my account. Adding when it feels right.
If it hits 30p, that will probably do it. Then sit and wait for a couple of years.

[greenroom78] 11/8/2011 08:30

I've not sold mine (I haven't go them yet!). I'm considering adding but will wait until everybody has theirs and had the chance to sell. Good value at these levels given that more than 50% of MCap is cash.

[soulsauce] 11/8/2011 08:29

Yep got mine as shares in Selftrade ;-)

[dick grasso] 11/8/2011 08:22

engelo, rightfully or wrongfully I'm probably one of a small minority not to have sold my CAF shares as I believe that once the private sellers are done there will undoubtably be buying from those more patient, I'l add when the last private punter has received there allocation and had chance to decide what to do!

[engelo] 11/8/2011 07:56

Thinking of adding here: either this or more WTI. Was fortunate to miss out on the placing.

Any thoughts? CAR evidently longer term, but like the Chinese angle.

[greenroom78] 10/8/2011 10:30

Popper- I'll race you! HSBC are not known for their swiftness on matters like this.

[connor23] 09/8/2011 20:20

Mine arrived in my selftrade account today GR.

[greenroom78] 09/8/2011 17:10

I've still not got mine (HSBC) anybody else still waiting?

[billthebank] 09/8/2011 17:09

Not the best time to make ur debut Down from from 43 to 33 OUCH!!!

[greenroom78] 04/8/2011 13:59

August 04, 2011

China Africa Resources Arrives On Aim, Hungry For Deals

By Alastair Ford


When the idea of creating China Africa Resources (CAR) was first mooted some time ago the two major parties involved, Weatherly International and Eastern China Nonferrous Metals Investment, already had an asset lined up in the shape of a sizeable manganese asset in Burkina Faso. The acquisition of that asset has now become enmeshed in a bureaucratic wrangle, and how precisely it will all play out remains unclear. Burkina has just undergone a minor political upheaval which included strikes and sporadic gunfire on the streets of Ouagadougou, and which was followed, amongst other things, by the payment of all wage arrears to the army and by the removal of a couple of ministers involved with decision-making as regards mining projects. Given that the disputes arose before the political upheaval developed, that development might not necessarily be bad news for CAR's aspirations to be a major player in West African manganese, but only time will tell.


What is instructive, though, is that Rod Webster, China Africa's chief executive, holds up the Burkina manganese asset as a template for the type of deal his company may want to do in the future. Of course, it's not entirely up to him, even if he is the man at the tiller at the moment. Eastern China Nonferrous, also known as ECE, holds what is far and away the biggest stake in CAR at 65 per cent. Alright, Rod's own company, Aim-traded Weatherly holds the next largest chunk of shares, at 25 per cent, but Rod's under no illusions as to who it is who will really hold sway, nor indeed as to where his first loyalties lie. "The minute there's a conflict I'll resign", he says, and his focus will return to Weatherly.



But this is not said in the spirit of truculence. Quite the contrary. Instead, Rod speaks unashamedly of a "relationship of trust", and argues that Weatherly could simply have sold the one asset that CAR does have, Berg Aukas, if it had wanted to, rather than going into joint venture with ECE. "Trust" isn't a word many Aim-traded juniors bring to the fore when talking of their bigger and brasher Chinese partners, but the case of CAR is different. That's because both sides know exactly where they stand, and have done from the outset. Rod's appointment as chief executive of CAR is, he explains, made merely as a result of Weatherly's role in running the activities at Berg Aukas. Weatherly is a Namibia expert, which makes it idea as a manager for Berg Aukas, which If a bigger deal comes along, he's quite willing to take that as his cue to step aside.



After all, with a historic resource of just over 1.65 million tonnes of ore grading 0.6% vanadium, 5% lead, and 17% zinc, production from Berg Aukas will never rock the metals markets. Even so, says Rod, "it is high grade and potentially extremely viable". It's certainly enough for the company to be getting on with in the immediate term, enough to keep the newsflow coming in markets that can be skittish and panicky in during periods of prolonged silence, and reason enough to keep smiling as metals prices continue strong.



It was also enough to hang the official creation of CAR around, an event which attracted some high level interest when Weatherly and ECE formalised their relationship earlier in the summer. In attendance at the chosen venue, Number 10 Downing Street, were Prime Minister David Cameron and Chinese Premier Wen Jiabao. A statement of intent on both sides if ever there was one.



But as Rod says: "It's still early days yet. We'll certainly be working away at the Berg Aukas project. But CAR is cashed-up and quite suitable for a few corporate moves". The company listed on Aim on 1st August, following a £4.7 million fundraising, and given that it's August and equities markets have been soft all summer, the slight drift down from 40p to the current 38p looks a good result. The likelihood is that the shares will gain real traction when the traders return to the market in earnest in September, as many analysts expect the whole sector to re-rate then.



Whether it does or not remains an open question, but CAR's fate ought not to rest on the vagaries of market sentiment towards juniors. "I've got some ideas", says Rod. "It's just a matter of whether our major shareholder sees things the same way as I do." Given the mutual understanding, Rod will certainly get a fair hearing. On the agenda, no doubt, will be big deals in bulks like the one that's temporarily slipped away in Burkina. But potential investors shouldn't expect an announcement imminently. After all, as Rod says, the company hasn't even had its first official board meeting yet. But once the momentum builds up, this'll be one to watch, no question.

[someuwin] 02/8/2011 10:48

Number 11 on the biggest fallers - down 12.79%.

[andygibb101] 01/8/2011 19:19

My CAF shares were in my motley fool account (halifax) at 4 pm today but couldn't trade them.