Chromex Share Discussion Threads

[bizz2bizz] 01/5/2008 16:52

Blimey...new to the fold!

[p bear] 01/5/2008 11:20

Cezary - I think I just mentioned to you that you need to do some more research over on the ENRC board. Same goes here. FYI Oriel owned a chrome ore property about 5km away from ENRC's Kazchrome. Which holds the world's best Cr Ore (significantly better and different to than in South Africa). If any former Oriel holders (me included - of which I had my biggest stake in) were to go anywhere to reinvest it would more likely be ENRC due to the similarity of assets, diversification and geographic location. Also ORI had a big Ni project and actual HC FeCr production. As for ORI holders reinvesting, apart from ENRC, EUM would also be a favorite since due to a take-over of Lero it will shortly have the same people behind it as ORI. And lastly if former ORI holders don't like ENRC or EUM and want a pure Chrome play, IFL are producing and have a power contract (which is more important than the ore right now).

Further advice would be research on the difference between Chr and HC FeCr + input/conversion requirements/costs.

[cezary] 01/5/2008 09:27

Some people who bought in, were in the other ferrochrome company...Oriel Resources. Now that Oriel have been taken out by the Russians at a very cheap price a lot of disgruntled people invested here...methinks

[kenatbabken] 01/5/2008 08:18

Can sell 25,000 at 35.5p but can,t even buy 5,000 online,Must be some large
buy orders in

[kenatbabken] 30/4/2008 16:24

Its risen because people are realising that the value of the material in the ground and the demand for ferrochrome means even at the current share price the market
cap of CHX is still only £19.5 million and too low.As the first 3 million tons are opencast production costs will be low so its a no brainer really

[bo doodak] 30/4/2008 15:36

Last time we had volume hey pesto RNS a few days later, would not bet against it again

[cyprussteve] 30/4/2008 15:24

My bet is thst it is simply in anticipation of the Mecklenburg license being granted, which is about due, plus an element of investors following a rising share, in the same way as they sell a falling one.
I am hoping we will have an RNS this week, or we may see it fall back on profit taking.
Regards
Steve

[330ci] 30/4/2008 15:13

...Maybe they've signed a production supply agreement(s)???

[bizz2bizz] 30/4/2008 13:58

What the hell happened here, I know I was bullish but this is silly is there a bid on the table or something? Does the company have to make a statement with regard to the recent price rise?

[kenatbabken] 30/4/2008 11:04

We,re through it with 31p mid price

[kenatbabken] 30/4/2008 11:02

Could break above 30p resistance today on large volume and then we,re off to
new high,All looking good for a steady climb

[kenatbabken] 29/4/2008 16:11

Moving up nicely,Bit more news now would see it break through 30p

[cyprussteve] 24/4/2008 19:25

Agreed - and we have not even had the RNS re approval for the Mecklenburg license yet - when we do, which surely cannot be far away, it will really begin to motor !
Regards
Steve

[bizz2bizz] 24/4/2008 17:23

Onwards and upwards from here I think. I'm guessing there will be a few short termers selling out and taking some profits but I'm staying and waiting for production to start and the a revaluation, 50p looks good for starters!

[kenatbabken] 24/4/2008 07:32

They should be able now to start up fairly quickly and start earning some revenue and take advantage of the high ferrochrome prices,Looking good


Completion of Stellite Chrome Mine Acquisition




Completion of Stellite Chrome Mine Acquisition
Chromex Mining plc / Epic: CHX / Market: AIM / Sector: Mining &
Exploration
24 April 2008

Chromex Mining plc ('Chromex' or 'the Company')
Completion of Stellite Chrome Mine Acquisition

* Concluded acquisition of Stellite chrome project, raising
Chromex's controlled chrome resources by 166% from 9 million tonnes
to approximately 24 million tonnes
* New Order Mining Right in place for the development of mine
* Production targeted for mid 2008, resulting in early cash
generation

Chromex Mining plc, the AIM listed dedicated chrome company, has,
through its 74% owned subsidiary in South Africa, completed the
acquisition of Mkhombi Stellite (Pty) Ltd ("Mkhombi"), the 51%
managing shareholder of Ilitha Mining (Pty) Ltd ("Ilitha"). Ilitha
owns the 15 million tonne Stellite chrome project located on the
Western Limb of the Bushveld complex in South Africa. Chromex will
now accelerate the Stellite project into production, targeted for mid
2008.
The total consideration for Mkhombi comprises ZAR14m (approximately
GBP0.9m) in cash and 6,024,101 new Chromex shares. Application is
being made for the new shares to be admitted to trading on AIM, which
is expected to become effective on 30 April 2008. The Stellite
project will more than double Chromex's controlled chrome resources
from 9 million tonnes to approximately 24 million tonnes and reduce
the Company's operational risk through the development of two mines
instead of a single standalone operation. A New Order Mining Right
has been granted to Ilitha, encompassing the entire 271 hectare
Stellite property, which will facilitate the fast track development
of the Stellite opencast resources, significantly reducing the
Company's timeline to production. No further regulatory approvals are
required for mining to commence.

Chromex, as manager of the Stellite project, is now in the process of
fast tracking the development of the project. Independent resource
and mining consultants have been appointed to upgrade the resource to
a SAMREC compliant resource statement and finalise a scoping study on
the project.
Nigel Wyatt, CEO of Chromex, said, "We are delighted to have
concluded this acquisition, which significantly increases the
Company's chrome reserves under our control. With a mining licence in
place we look forward to developing this resource and bringing the
Company into production, especially considering the current buoyant
ferrochrome market".

[1carter] 22/4/2008 13:22

quite a bit of activity recently, news imminent?

[waxman3] 30/3/2008 11:06

I mentioned to Steve when this was around 25p the GDP was the better buy.

Of course in my opinion only. and I confess to knowing nowt.

[bo doodak] 19/3/2008 18:40

Thanks,
Still no joy unfortunately, problem must be at my end I suppose.

[kenatbabken] 19/3/2008 18:28

No,I can get straight on it.

Try This link

[bo doodak] 19/3/2008 18:22

Anyone else having problems accessing the company website, seems to have been down for days

[bizz2bizz] 18/3/2008 17:34

Ferochrome prices continue to be supported by inceeased demand as you highlighted. We will hopefully see increased demand for CRX now that we have agreed the production deal. I'm still more than happy holding CRX and in the process of finding out what next for the company going forward.
Be back soon...

[cyprussteve] 18/3/2008 14:07

Quite an interesting read regarding increased demand for chrome in the link below,
Regards
Steve

[cyprussteve] 18/3/2008 10:26

For information, I have received a reply from CHX's media advisers in response to my enquiry about the possible affect of power shortages in S Africa re future production, and I copy it below.
Regards
Steve
"Hi Steve,
As a chrome producer, Chromex is not power hungry, even operating underground, it is a relatively small power consumer.
The directors are not concerned about the power shortages - obviously costs may increase slightly, but not dramatically and shouldn't impact on any production targets.
Thanks,
Isabel"

[kenatbabken] 11/3/2008 12:13

Can still only buy 5k online,I wonder why they seem to of locked out buyers

[bizz2bizz] 10/3/2008 17:12

It looks like a "buy the rumour, sell the fact" scenario to me. My buy on Friday was obviously a bit gun ho, never mind in it to win it I say. Still think this is cheap on valuations after production news.