China Africa Share Discussion Threads

[duplicate book] 06/3/2013 13:05

There must be a buy in the background. The MM's are happy to take stock at 33p, but still want full price for small size. Would be interesting to see what they did if one or two buys went through one after the other?

[duplicate book] 06/3/2013 11:29

Could be. Dont know why they dont just raise the bid to 33p. I'm sure one or two would be tempted to sell at that price?

[christianf12] 06/3/2013 11:27

Someone on lse was talking about buying £10k worth, he got 1/3rd yesterday, maybe him?

[duplicate book] 06/3/2013 11:26

Could be someone has a decent buy order in. Siddle? :o))

[siddle] 06/3/2013 11:12

Well I suppose a good sign when they are bidding for stock over the mid price.. And then marking them up after collecting a couple of sells.

[christianf12] 06/3/2013 11:07

Up she goes.

[siddle] 05/3/2013 23:11

I don't know much about this stock at present but to be very honest the chart doesn't look too vertical. I only have a small position yet so don't mind a little pullback to add more. Just intrigued by the apparent high grades and the small number of shares in circulation.

[knigel] 05/3/2013 23:00

Of course there will be a correction at some point - but probably not until the update has been issued (and hopefully with the share price even higher)

[duplicate book] 05/3/2013 22:49

Unless the buying continues, or we get good news of course.

[moneymachine2] 05/3/2013 22:22

nothing goes up in a straight line and the chart here looks very vertical. Price correction in the opposite direction a real possibility tomorrow for this one.

[christianf12] 05/3/2013 21:50

People cottoning on to CAF potential? Thread busiest it's been in a long time.

[knigel] 05/3/2013 20:08

He, he. This is one share were troll boy should really just give up....

[moreforus] 05/3/2013 20:04

As any parent knows metanium knocks sudocrem for 6...

[knigel] 05/3/2013 19:16

mistermagoo3, you're being kind. I'll like to put the sudocrem somewhere the sun doesn't shine!

[scyther] 05/3/2013 17:35

Highlights

· Completion of the 15 hole and 6,856m diamond drilling programme.
· Several outstanding, high grade intersections including:
o 59.40m @ 26.0% zinc, 13.2% lead
o 32.02m @ 17.8% zinc, 2.9% lead
· The release of a maiden JORC compliant resource anticipated in Q1 2013.
· Revised timetable for completion of feasibility study.



Rod Webster, CEO of CAR commented:

"I am very excited about the results of the drilling program. It's very rare to see such high grades in lead/zinc projects these days and goes to show that Berg Aukas is a very rich deposit. These results further confirm our confidence in the economics of the project."



Drilling Campaign

A confirmation diamond drilling campaign has been completed at the Berg Aukas mine targeting the bulk of the known resource. The drilling results have confirmed the exceptional grades and general distribution of the mineralisation as was understood from the detailed historical data on the orebody. A total of 11 holes, and four daughter holes were completed totalling in 6,856m. A table with the full results of the drilling campaign can be seen below.

Various styles of mineralisation, including massive zinc/lead sulphides, zinc and lead oxides in breccias and vanadate muds were encountered. The deposit remains open at depth.

The 3D geological model will now be updated and a maiden JORC-compliant resource will be estimated by CSA Global (UK) Ltd, which is expected to be reported in Q1 2013. During H1 2013 metallurgical test work will be undertaken on the core samples recovered from the drilling programme and a preliminary mining study will be carried out.

[scyther] 05/3/2013 17:29

Best way is just to buy what's available everyday as it will keep building for the rest of the week at least.
Once a few traders start spamming the news as expected then buying will become nearly impossible.

The grades do look absolutely ridiculously high and won't take much metres of drilling to build a decent resource for a 7.5 mil company.

Wish I had bought mine last week when I rang the company at 26p but put the money into BAO instead expecting better performance leading into the PFS.

Only have a small position here but will buy any shares daily..

[sudocremfortopinfosvrp] 05/3/2013 16:01

How much you lost on STGR by the way big man ?

[sudocremfortopinfosvrp] 05/3/2013 16:01

Siddle lets hope you have better luck on this punt than you did on that dog STGR

[duplicate book] 05/3/2013 15:56

Did you grab those 25k Siddle?

[siddle] 05/3/2013 15:19

Yep max I can buy is 5000 at full ask.Not really the kind of investor for such small amounts but we shall see..

[duplicate book] 05/3/2013 15:16

Its near impossible to build one now Siddle, as you are starting to discover :o))

[siddle] 05/3/2013 15:10

If JORC is anywhere near grades discussed then now must be the time to buy. Once it's out, it will be near impossible to build a meaningful stake.

[siddle] 05/3/2013 15:07

Just taken a look in here and understand maiden JORC due this month. Grades look very impressive and limited shares could cause a super spike IMO.Will try to buy some but finding this quite difficult.