China Africa Share Discussion Threads

[soulsauce] 24/11/2014 21:35

Nothing - Chinese in charge, same old same old.

[pedro57] 24/11/2014 21:01

Any thoughts on what is going on here? Situation at CAF has been like watching paint dry...

[paleje] 04/11/2014 19:40

I think the Chinese take the looooong view.

[soulsauce] 04/11/2014 17:48

Just depends what, if anything, is happening especially if beneficial to WTI. One thing is for certain CAF have done very little to get value from Berg Augas or other projects as they stated, but I would expect nothing less from the Chinese.

[paleje] 04/11/2014 17:40

Wouldn't that send us the other way? Dunno, beats me, got distracted late afternoon or I'd have added, perhaps in the morning. Weird things happen sometimes and the markets particularly illiquid at the moment, tiny movements wildy distorting sp's.

I did notice WTI up, been creeping over a few days, maybe Rod's getting a following again now he's managed to divert attention away from C/ops and on to Tschudi. Still gotta make it happen though:)

[soulsauce] 04/11/2014 16:12

Yes yet WTI well up, hmmm interesting, are WTI planning something to get Berg Aukas started??

[paleje] 04/11/2014 16:03

Why the big drop, no sales to speak of.

[soulsauce] 10/9/2014 08:43

Yep seems that way JP. Mind you I won't be buying back in until they have sorted out funding.

[jp2011] 10/9/2014 08:35

Some positive news today ECE have appointed new directors with metallurgical and Namibian experience. A step in the right direction.

[rich pickings] 20/6/2014 14:24

This is 2 months old, but since then the zinc price has risen to $2175



The PFS used $2000 & at that price the conclusion was:
Under the current economic environment the Project is robust and it is recommended that the project phases move to the next decision level.

[racinglad] 03/6/2014 07:57

AGM 0th June. What is the statutory noti1ce period for an AGM, I thought it was 21 days? This is only 7 days

[rich pickings] 30/5/2014 13:12

More info on ECE (65% owner of CAR):
hxxp://ece-co.com/en/intro.asp

In is anticipated that the total assets of the company will has exceeded 20 billion yuan by 2016 with five industry sectors - lead and zinc, gold and copper, iron ore, environmental geology and new energy emerging outstandingly and formed the investment center of four regions including China, Australia, Africa and South America. Moreover, the company will control 2 million tons of lead and zinc, 2.7 million tons of copper, 1 million tons of gold, 10 billion tons of iron and 4 billion tons of iserite and own about 10 mines under mining both at home and abroad in 2016 which will make it rank as an important producer of rare earth, niobium and iserite.

20Billion Yuan = approx $3.2billion
(1 Chinese yuan = 0.160054 U.S. dollars)

[rich pickings] 30/5/2014 12:53

Re the PFS, this gives a more detailed analysis:
hxxp://www.chinaafricares.com/downloads/pdf/berg-aukas-valuation-21-may-2014-v5.pdf

The finance I think will come from the ECE holding Company which owns 65% of CAR.
This is an example of such financing:
hxxp://china.aiddata.org/projects/1488

The CAR AGM is on 8th June. Maybe they will announce go-ahead at or just before?

[rich pickings] 27/5/2014 08:30

This is very much off the radar.
I'm in for the long run. The PFS shows it to be viable, robust & with good returns. This is despite using low Zinc/Lead prices, (already below current levels), and these prices are forecast to rise upto 100's of USD in the next few years.
_________________________________________________________________

Berg Aukas shown to be a viable project.

· Pre-tax Net Present Values (10%) (NPV's) of between US$49 million and US$51 million (best-estimated value), dependent on the processing option selected.

· Post tax NPV's of US$29 million on best-estimated value.

· Pre-tax Internal Rate of Return (IRR) of 25% in real US$ terms.

· Minxcon stated that under the current economic environment the Project is robust and have recommended that the project move to the next decision level.

[tez123] 27/5/2014 08:16

10% free float here. So will move quickly.

[mikeja] 27/5/2014 08:01

Berg Aukus pre feasibility study out.

[rich pickings] 24/4/2014 11:47

hxxp://www.namwater.com.na/index.php?option=com_php&Itemid=30

Tender Number Tender Description Closing Date
NW/082/2014/O Supply and delivery of four (4) submersible pump sets (Duty point: 190 m3/h @ 190 mWh) for the Berg Aukas Mine Shaft
Closing Date 2014-04-29

Maybe they are preparing to start the mine.

[pedro57] 16/4/2014 16:52

I listened into the WTI conference call today on April's quarterly production update. On CAF the CEO stated that they are very close to finalising the pre-feasiblity study with talks on the last of the four minerals close to completion. After the approval of the CAF board the pre-feasiblity study will be published and CEO saw the study likely to be relatively positive. The delay in the published CAF pre-feasibility study has been annoying (timing has slipped three times), but if all four minerals (zinc, lead, silver, vanadium oxide) mined in Berg Aukas could be reflected at market prices in study it would increase economics of project considerably. With recent bullish commentary around zinc production dropping strongly in the future and lack of quoted zinc companies CAF remains very interesting (Berg Aukas zinc ore grade at 17%) given low market cap and a lot of infrastructure already in place.

[pedro57] 26/2/2014 10:17

I just bought a small amount of CAF, interestingly very few shares on offer and trade had to go through ICAP exchange not the main market. This must be a sign that shares available to buy are low, which bodes well for upcoming news given how low free float is in what is a tightly held share.

[nahoon] 19/2/2014 13:08

OOps, just seen the RNS from 29 Jan announcing just that!

[nahoon] 19/2/2014 12:19

From the LSE website, apologies if it's been posted before:

China Africa Resources Says Delayed Report To Be Published In First Quarter
Wed, 29th Jan 2014 10:59

LONDON (Alliance News) - China Africa Resources PLC Wednesday said it expects a delay in the publication of its pre-feasibility study for the Berg Aukas Mine.

The joint-venture between East China Mineral Exploration and Development Bureau and Weatherly International, which mines in Namibia, said it expects to publish the study at some point in the first quarter of 2014.

China Africa Resources had previously said that, "provided the results continue to be positive," it was expected that the feasibility study will be finalised by the end of 2013.

The company blamed the delay on the fact that it is gathering additional commercial information which is taking longer than expected.

The Berg Aukas underground mine previously operated from 1958 to 1978. The first shaft was established in 1958 with a second shaft sunk in 1968.

The mine closed in 1978 and significant resources remain un-exploited. The majority of the remaining resource is located in areas of the mine where extensive development is in place, providing good access to the orebody, according to the company.

[anotherardbeg] 11/2/2014 09:55

Looking at the chart it does seem to be trending up