China Africa Share Discussion Threads

[christianf12] 02/3/2012 10:55

Backwardation here.

Can buy for less than you can sell.

Max buy 5k at 25.25p and sell 10k+ at 25.5p, free money?

[mattjos] 27/2/2012 11:28

I cant see CAF just standing by amongst all this. They have a quantity of EPL's at present

[philmar089] 24/2/2012 07:46

final results out what is your view on it thanks

[philmar089] 23/2/2012 10:49

any news due soon thanks

[orwell2] 22/2/2012 13:28

catchphrase got any proof to back that statement, because when you parkmead are you talking about tom cross

[catchphrase] 22/2/2012 13:09

rumour in city parkmead group is investing in here

[orwell2] 22/2/2012 12:40

30p is on the cards would say 40p as that is where it should be but wouldnt rule it out, its possible its fallen for no reason

[linslader] 22/2/2012 12:38

orwell2 have a look at AEX

[orwell2] 22/2/2012 11:22

any good news will send this flying,

[orwell2] 22/2/2012 11:18

its hard to buy, im getting neggtiated trades to buy

[christianf12] 22/2/2012 11:03

No reason why not considering the ipo price and the lack of liquidity : )

[christianf12] 22/2/2012 09:09

hhmmm, looks like she wants to go and have a crack above 30p again.

[redsloe] 10/2/2012 09:55

Small top up since the spread is very tight.
Looking to slowly build a nice position here very long term.

[andrbea] 10/1/2012 12:03

alight again...

[fairdeal2008] 04/1/2012 10:44

Agree with the rationale g78, but the market works in mysterious ways. Companies do seem completely unable to comment about share price devastation, but seem to be driven (presumably by advisors) to comment when the share price moves upwards. It has to be expected that after a period of market turmoil the share prices could rerate and, it has to be said, the movement in CAF recently still left the share price a long way short of the 'at cost' 40p ipo level.

On the plus side, it is good to see the operational update, and everything is moving forward with a cash position now of £3.8m.

As a reminder, this is what the admission document actually said:

Activities

Initially, the objective of CAR will be to carry out a full feasibility study on the Berg Aukas Project, which is expected to commence shortly after Admission and to be completed by the end of 2012. The total cost of the feasibility study is expected to be US$3 million over the full period and will be managed by Weatherly
pursuant to the terms of the Management Services Agreement.

Subject to the feasibility study confirming that the Berg Aukas Project is financially viable and CAR being able to raise further funds, the Company's intention is to bring the mine back into production.

Whilst the immediate focus of the Company is the development of the Berg Aukas Project as described above, the Company's overall strategy is to build a profitable and widely based resource business and the Directors expect this to include the acquisition of additional assets from Weatherly, ECE or third parties.

------------------

This type of announcement does serve one side purpose I suppose, to allow the MMs to pull the price back and shake some stock, but I note, with confirmation all is on track, I imagine people will start to look more seriously at CAF now rather than not realising the potential which I think was the case before.

imho

[soulsauce] 04/1/2012 10:36

I totally agree G78.

[greenroom78] 04/1/2012 10:35

I never understand why they issue a 'no reason' RNS when the price rises but ignore it when the price falls by 60-70%.

Why can't they issue one saying...

"The board notes the recent price rise and acknowledges the previously oversold position which placed a ridiculous valuation on the company and its assets. This rise is doing nothing more than correct this mis-valuation."

[redsloe] 04/1/2012 10:24

Nice one boys, Don't see the point of that.
Anyway, nice to get an update with it. Plenty going on.

[parvez] 03/1/2012 12:41

mms short. offering only 5k but bidding for 25k is what i am being told unless anyone has L2 they can post

[inga66] 03/1/2012 12:34

Thank you for the tip FD - have been looking at this one since i came across your post on 30 dec - unfortunately dithered a bit too long this morning - but have now taken the plunge and bought 20,000