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CHX Chromex

36.50
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Chromex Investors - CHX

Chromex Investors - CHX

Share Name Share Symbol Market Stock Type
Chromex CHX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 36.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
36.50 36.50
more quote information »

Top Investor Posts

Top Posts
Posted at 30/9/2010 07:56 by bonsoir7
A conference call for investors, analysts and media will be held at 10.00 UK time today, 30 September 2010 and the presentation is available on the Ruukki website at www.ruukkigroup.fi. To access the call, please dial-in at least 10 minutes beforehand and quote the reference: 720046#

UK Toll-Free 0800 376 4751

Finland Toll-Free 0800 115 351

South Africa Toll-Free 0800 983 092

International Toll +44 (0)20 7075 6551



A replay facility will be available for one week after the call, using the reference: 275785#, please dial:

UK Toll-Free 0808 238 9699

International Toll +44 (0)20 3364 5943
Posted at 15/9/2010 23:49 by bonsoir7
Govt warns mining firms

By Golden Sibanda

GOVERNMENT has warned the Zimbabwe Mining and Smelting Company and Zimbabwe Alloys Limited against hoarding vast claims of chrome without exploiting them and blocking the interests of potential investors.
Posted at 07/9/2010 08:37 by leighton denny
the shares are trading at 30-34 whilst the warrants are trading at 11-13 which doesn't look right

the shares at 34p are suggesting investors expect a higher offer or a good trading statement whilst the warrants are not fully reflecting that at the moment
Posted at 27/8/2010 16:57 by leighton denny
the patient long term investors who understand this industry have much better potential to make money here than the short term traders who have no idea of the industry dynamics

and that is how it should be

thanks for your continued illuminating contributions sj
Posted at 18/8/2010 12:30 by saucepan
For what it is worth, to me, today's trades have the hallmarks of fear by the small investor that the bid might not materialise and the market taking advantage of this to garner shares on the cheap.

Due diligence can take months. The Company has already confirmed the interest of one potential predator and there could easily be others.

Of course, I could well be wrong, but am comfortable with my own exposure, presently through warrants, come what may.

They seem difficult to trade. I did a dummy sell of mine a week or so ago, when the sell price was 9p, but was only quoted WELL BELOW that price. I guess someone felt the need to sell up this morning and consequently got a dreadful quote.

Hopefully, I will be holding mine until expiry or until a bid is concluded.
Posted at 04/8/2010 23:27 by robson1974
Chrome miners seek partnerships

Written by Paul Ndlovu

Wednesday, 04 August 2010 14:58

HARARE – Small-scale chrome miners are seeking partnerships to boost their production levels in to order to sell the mineral on the lucrative international market.

The small-scale miners are selling chrome locally at between US$80 to US$90 a tonne, which is lower than the London Mineral Index price of US$200 a tonne.

"In terms of mining we are doing well but, we are not impressed by the prices
which we are being offered by local smelting companies and Chinese companies
operating in the country," said the managing director of Benmas Investments, Peter Kanyeza. "We are therefore looking for investors to assist us through direct cash
injection or unveiling machinery in the form of excavators, front-end loaders, compressors and bulldozers so that we can be able to increase on tonnage thus enabling us to export for much bigger returns,"

Benmas Investments owns 13 claims in the chrome abundant area of Shurugwi
and extracts over 200 tonnes of the mineral a month.

Small-scale chrome miners were early this year given an 18-month reprieve to
conduct operations on their own without interference from the Ministry.

This was after Government had convinced the largest ferrochrome companies,
Zimasco and ZimAlloys, to permit the mining of chrome ore to be done by
small-scale workers, several years ago.

But in 2008 the ferrochrome price fell and power cuts meant that ferrochrome
smelters could no longer operate at a profit so they suspended production.
That left the small-scale miners with no buyers so they sought permission to
export the unprocessed ore. This was considered unacceptable at first as the
country had made so much money by adding value.

"The government has over the years promised to mechanise us by way of ensuring
us that we process the chrome ore and export it as a finish product but
nothing has taken shape to date thus we are calling on it to reconsider this
move as this won't only benefit us, but the country as a whole," said Kanyeza.
Posted at 19/7/2010 12:32 by 64bit
another mention in alphaville today..


This from Ocean Equities.
Following speculation in an article by the Financial Times ("FT")
on Thursday July 15th that Chromex Mining plc ("Chromex") had received
a bid approach pitched at about £0.30/sh and that other predators were
stalking the Company, Chromex announced that it has received a
preliminary approach which may or may not lead to an offer for the entire
issued share capital of the Company at £0.35/sh.
Chromex's announcement was not made with the agreement or approval of the
potential offeror and there is no certainty that an offer will be made
nor as to the terms on which any offer might be made. A further
announcement will be made in due course.
In our June 9th research update we highlighted our view that Chromex is
set to achieve a step change in profitability and cash flow in the next 6
months as operations more than double saleable product and current product
mix/margins expand - to this end our view has not changed. Also in the
upcoming 6 months we expect the next stage of the Company's growth
strategy to become evident. The Company's current production base has the
potential to increase five-fold over the next ~2½ years coupled with a
material improvement in product mix and margins. With a significant
increase in the scale of operations we would expect to see a major
re-rating, as Chromex's cash flow attracts a higher multiple and the
Company appeals to a broader investor community.
We believe Chromex is a unique growth story which offers attractive
leverage to stainless steel growth in China – world stainless steel
production is forecast to increase by up to +25% yoy in 2010. However,
the potential medium and longer term value of Chromex's growth profile
must be viewed in light of the preliminary approach at £0.35/sh which
would provide a near term and significant uplift, and exist strategy to
existing shareholders. In the near term we expect the Company's share
price and news flow to be dominated by bid speculation. We expect
fundamental Company specific news flow in the next 6 months to be
extremely positive for Chromex as it begins to capitalise on the improved
chrome price, expand its production profile, expand its product
mix/margins, outline its growth strategy for PGM and gold production from
existing operations, and commits to the development of its low capex/opex
projects in Zimbabwe. The Company remains comfortably funded for its
ongoing activities in both South Africa and Zimbabwe.
Posted at 19/7/2010 08:51 by sailing john
Link to Chromex Q2 presentation 2010 - lots of new stuff - aimed at city investors I think
Posted at 13/5/2010 12:17 by seagreen
Probably worth 40p now in most long term investors view
Posted at 23/9/2009 16:43 by moosh2
nice price hike on no ramping on the major BBs. good stuff!! spread will detract viewers but big spread means only serious investors hopefully.

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