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CICR Cic Mining

4.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cic Mining LSE:CICR London Ordinary Share CA1254561030 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cic Mining Share Discussion Threads

Showing 5301 to 5322 of 5450 messages
Chat Pages: 218  217  216  215  214  213  212  211  210  209  208  207  Older
DateSubjectAuthorDiscuss
22/5/2013
07:41
You may well be able to see why our friends from Saudi Arabia are so interested in CICR. Also the possibilty to store oil in bunkers and sell when the price suits the companies must be a huge attraction for the Saudis.

From the article below.............this comment stands out. Does it to you ?.Little grey cells and all that ?. :-)

"OPL 240 and Asaramatoru Marginal Oil field. Tianjin Energy is also actively building a portfolio of EPC contracts in the Power Generation and Infrastructure Development sectors whilst offering engineering services to the Oil and Gas industry in Nigeria.





So this is a long read but I am unable just to provide you with a link.

So for further info on Tianjin Energy and Nigeria here is the article, which yu may wish to read ,if you have a mind to.


Durosola A. Omogbenigun B.Eng., M.Sc., MBA (Yale Univ.)

Duro is promoting Integrated Resources Ltd., as Chief Executive Officer, engaging the company in bulk trading of petroleum products. He was also responsible, for the start up of Tianjin New Highland Petroleum Company Limited (TNHP), now Tianjin Energy Resources Ltd, a company having chinese affiliations. Tianjin Energy has been engaged in the acquisition of Oil & Gas assets in Nigeria notable of which is the acquisition of interests in OPL 240 and Asaramatoru Marginal Oil field. Tianjin Energy is also actively building a portfolio of EPC contracts in the Power Generation and Infrastructure Development sectors whilst offering engineering services to the Oil and Gas industry in Nigeria.

Duro does these with relevant experience in the Oil Industry having worked at the executive management level of Mobil Oil Nigeria plc. as a Senior Planning Associate and Cash Planning & Investment Manager. In these positions, Duro also liased with Mobil Producing Nigeria Unlimited to develop planning assumption parameters for forecast planning exercises while managing Mobil Oil's US$300 million insurance portfolio. His experience also includes business process re-engineering and LPG supply optimization strategy. Duro is a well trained business professional having undergone a rigorous MBA at Yale School of Management where his subject concentrations included Corporate Finance, Marketing, Competitive Strategies and Operations Management. He was then hired from Yale by Mobil Oil Corporation (MOC) Fairfax, Virginia, where he worked for about a year in Africa division before transferring to the Nigerian affiliate.

Since leaving Mobil, Duro has also been engaged as an Independent Consultant in the downstream oil industry on various occasions, the most interesting of which was to facilitate the development of the 1997 Downstream Oil Industry survey for Agusto & Co. (Industry Analysts & Financial Consultants). Duro currently supports IBFC Agusto and Petronomics Ltd. on downstream and upstream oil industry training activities to audiences including Bankers and employees of Oil Majors.



Prior to this, Duro trained as an Electrical Engineer where he obtained a Master of Science degree in Controls and Instrumentation from Obafemi Awolowo University and a Bachelor of Engineering in Electronics from University of Ilorin. Duro won various scholarship and merit awards while in school and the coveted Total Quality Management award in Mobil. Duro also sits on the Boards of Bluefone Ltd (Chairman; marine logistics solutions company), LYK Engineering Ltd (investors in Akwa refinery & Ibom Power Company) and R&J Ltd. He is a shareholder in Tianjin Energy Resources ltd which owns OPL240 and interests in two marginal fields.

In the above roles, Duro worked in various teams to develop: Power Purchase Agreement, Gas Sales Agreement, Road Shows to raise finance for IPC, negotiation involving divestment from IPC, development of Joint Operating Agreement and Production Sharing Agreement for holding interest in oil blocks, Bulk Petroleum Product Handling Agreement both for crude oil and refined product storage. Recently, Duro has also been involved with a Build Operate and Transfer (BOT) road development project where he developed the Confidential Information Memorandum (CIM) for investors and negotiated the concession agreement with Lagos State in Nigeria.

Back to Management Team

share_shark
22/5/2013
07:34
Miskina iii post. Tianjin and Asaramatoru Marginal Field

Courtesy of same poster on ADVFN

Here is just a fraction of what CICR will potentially
own "up to 6% of the enlarged equity of Tianjin on its IPO."




Oil Exploration & Production (E&P)

Tianjin Energy Resources Limited undertakes turn-key projects in Oil field development. The Company is a licensed EPC Contractor register with Department of Petroleum Resources (DPR) in Nigeria.

Oil and Gas Project

Oil Exploration & Production Platform Photo Tianjin Energy Resources Limited owns 34% interest in Asaramatoru Marginal Field (OML 11), 35% interest in KE Marginal Field (OML 55) and 50% interest in OPL 240 in Nigeria.



Asaramatoru Marginal Field (OML 11)

Asaramatoru Oil Field surface area is 22.5 square kilometers. It is located at Swamp area in Rivers State. The water depth is approximately 15 to 20 feet.

Asaramatoru has 80 million barrels reservoir with 26 million barrels recoverable oil. The total investment is approximately US $60 million dollars.



KE Marginal Field (OML 55)

KE Marginal Oil Field (OML 55) is located at swamp area in Rivers state. The water depth is also around 15 feet. The proven reserve is 80 million barrels with recoverable of 26 million barrels.

The total investment of KE Marginal Oil Field (OML 55) is approximately US $60 million dollars for the Phase I.



OPL 240

Bayelsa Oil Company and Tianjin Energy Resources Limited Consortium has won the OPL 240 through a public bidding from DPR on the 11th May 2007. The signature bonus is US $10.6 million dollars.

The estimated reserve of OPL 240 is approximately 240 million barrels with recoverable of 73 million barrels. The investment is in the range of US $200 million dollars.

The field is located in the 130 feet shallow continental shelf

share_shark
22/5/2013
07:28
Courtesy and extract of/from 7bore and the calculations he made in JUNE 2012 ,


Tianjin Energy

This company is a real biggie.

Trading Update
11 Apr 12


Tianjin Energy Group Limited ("Tianjin")

Under the terms of its advisory agreement CIC is due to be issued with up to 6% of the enlarged equity of Tianjin on its IPO. Tianjin, an oil import/export company had turnover in 2011 of RMB 11.2billion and profits of approximately RMB260m.

The company has recently been awarded oil port terminal and bunkering rights in China which the Directors believe to be the only private enterprise in China to be granted an oil terminal licence.

CIC is providing restructuring and capital raising strategies to allow Tianjin to list on a prescribed exchange to raise the capital for the building of oil terminal and bunkering at which point it will have earned its Interest.
-------------------------------------------------------------------------------------

There are 2 things that everyone missed from this:

1.....Nobody bothered converted the Chinese RMB to GBP !
CICR are due "up to 6%" of Tianjin Energy, who had "turnover in 2011 of RMB 11.2billion (�1.1 billion) and profits of approximately RMB260m (�25.4m)."

2....Nobody bothered looking at the Tianjin Energy website!
Its a huge Chinese company with lots of project areas including Oil & Gas exploration.

This means that CICR would get "up to 6%" of 3 Nigerian oilfields with 125m barrels of RECOVERABLE oil !:


Tianjin Energy Resources Limited owns:
34% (up to 2.04% to CICR) interest in Asaramatoru Marginal Field (OML 11).26m barrels recoverable oil (Investment of $60m)
35% (up to 2.10% to CICR) interest in KE Marginal Field (OML 55). 26m barrels recoverable oil
50% (up to 3.00% to CICR) interest in OPL 240 in Nigeria.73m barrels recoverable oil (Investment of $200m)

It works out that CICR's "up to 6%" stake would give them between 2-3% of this total.

Use your figures. Doesn't matter what you use. When this large Chinese Resource company IPO's, CICR will own "up to 6%" of it so will own "up to 6%" of a �1 billion turnover company who also own large stakes in 3 Nigerian oilfields with 125 million barrels of recoverable oil .

share_shark
22/5/2013
07:15
Precentages ??.

Check out the investment block on the CICR homepage of CICR'holdings.

CICGold. 48.47%

CICFuels. 48.36% ( in the presentation box this is noted as 31.15% and so this percentage has increased to 48.47% BECAUSE CICR has earned further by its hard works)

Sino Reserves GROUP. 6% of the ENLARGED GROUP. Note the word ENLARGED.

share_shark
22/5/2013
05:13
We can argue about this forever, so, why not wait until the results are announced before end of June. There should be another corporate update in June. It is obvious that with the Saudi money, as announced in the last corporate update, on board that the IPO's will be announced when ready. In the meantime the company is making money, otherwise how will they be able to announce a dividend? How many AIMS stocks pay a dividend? In conclusion I agree with Mike5557.
goulding1215
21/5/2013
16:34
You and I have a totally different perspective on CIC and how its value is achieved.

I look at what is and from the what is decide for myself what the probable outcomes will be.

There is no denying that CIC have far more asset value in the company than has been booked.

It also has earnings value.

There is no denying the company has not got time to stand still.

There is no denying it has booked assets

There is no denying the share price is way under valued.

The company does its job and is continuously earning so much so I expect the EPS to be vastly improved as I also expect the asset base to be vastly improved.

The reasoning is obvious,in fact it's also obvious to you, you want a number more shares.

Buy them at the existing market price,a million can be acquired probably at an average closing 5p or above,thats only 50G, it's the only way to get them for if you leave it much longer and you won't be able to do that at the existing price.

I can't see you getting them any other way.

Like I said you shot yourself a number of times in a probable attempt to get the price down,

As said before stupidity is a privilege available to us all,one of us is taking it too far and the proof will show it ain't me.

I will call the share price to at least the 10p mark but from there I just do not know and the 20p/30p is entirely possible if not a damn sight more.

mikes5557
21/5/2013
13:20
mikes5557 21 May'13 - 14:15 - 5295 of 5295
The share price may well hit 20p/30p+ if the many assumptions become valid

exactly as i have been saying for ages. you finally get it at last.

6% of no IPO is still nothing.

its meaningless until they announce an ACTUAL IPO so it becomes 6% of SOMETHING to get to 20p/30p which i think it will...but until then....

jack shit
21/5/2013
13:15
The share price may well hit 20p/30p+ if the many assumptions become valid,that includes a dividend announcement.

As said before no real idea, all looks too good to be true,trouble is the assumptions are reasonable on the published information both post and present which is why they have validity.
,

mikes5557
21/5/2013
13:07
The portfolio( as advised by the presentation box) is an even mix of minerals and energy . Exciting eh ?.
share_shark
21/5/2013
11:03
That is only part of CICR's portfolio as well. £44 mcap would give CICR a share price of 23.7p.
goulding1215
21/5/2013
10:02
7bores comparisons.

CICR were producing 30-50k per year from Shanba,China fields commencing June/July 2012.

VGM were producing 50k per year and yet were valued at £44million.

share_shark
21/5/2013
07:51
On the leader board again this am.is VGM(edit) Hulk, it was 7bore who made a comment, a while back regarding the market cap of VGM as compared to CICR.

VGM Vatukoula Gold 11.75 8.05% 0.88

share_shark
20/5/2013
22:56
Volatile day for gold strong finish though:-


Both silver and gold snapped back sharply. By mid-session in New York, silver had staged nearly a 10% rally from the $21.16 low set overseas, regaining the $23 level. Gold losses stalled shy of the 1321.22 support level and then rallied all the way back to $1399.60, an intraday rally of more than $60 (4.6%).

goulding1215
20/5/2013
18:07
Invtsors should have another look at the last corporate update on here:-

1. google www.cicresources.com 2. then under circulars, left hand box, click company announcements and it is there 5 Mar 2013.

The results will be out as posted by Mike5557. They will show a profit and a dividend as he has stated.

goulding1215
20/5/2013
18:00
Being lazy,I thought I read somewhere that CIC held shares in VGM,or advised them?
hulk2004
20/5/2013
11:05
Courtesy of sence2 on LSE.


Sp.Today 11:32It is noticeable that over the last few days that the share price is harding up towards the 5p mark.This because the results are expected soon. Mind you keep an eye on the spread as when this stock moves its always possible to sell well inside the spread and often when demand is extant its possible to get offers over the ask.

I am unsure of where the share price will end up other than well in advance of where it is now,that is caused by my belief in the increase in asset base with expected increase by pence as opposed to micro pence in the earnings per share.Obviuosly if the asset base has increased they will have eared it hence my thoughts on the increase in eps.

If the eps is as much as 3/5p then we have a different means of valuation which would give a minimum 30p ps,so no idea where the share price will be if it is over that as the share price will act surprised and may leap forward as behind the eps will be the NAV base,so double back up as it were.

Apart from the reasoning above such results should make financial press news which will again create news and interest which will possibly advance the share price further..

share_shark
20/5/2013
10:47
I met Andreas Hammerich recently, CEO of Mineral Invest International.

Here he is giving a presentation....video.....scroll down and use Google translate to hear.

You will note the lastest details and information on the RTO involved.

share_shark
20/5/2013
10:11
So, share_shark, if the price of gold drops to $1,000/oz, those mines will only be earning $800/oz? That is a 400% profit over production costs. Of course at $1,600/oz, is another story.
goulding1215
20/5/2013
09:10
Note mikes 528O.



It is indeed the surface leeching ops that is the real winner. Banro,if you wish to check their RNS made profits for the first time, after using this method. Also worth mentioning that CICR has mentioned its licenses are close to Banros!

share_shark
20/5/2013
08:35
Drop in the gold price is only on gold ETF's. The physical demand is still there. The hedge funds will catch a cold when the gold price moves up. Aimho.
goulding1215
20/5/2013
08:32
Note also -- VGM Vatakoula gold being snapped up by major chinese co. at 15p/share,
compared to previous recent 6.5p ----- WHY?

ShareProphets can exclusively reveal that AIM listed gold miner Vatakoula (VGM) has negotiated a deal whereby a major Chinese mining group will invest £4.5 million at 15p per share – this compares to a Friday share price of 6.5p.

Read the full article on ShareProphets

ddav
20/5/2013
07:03
Have you all noticed how many of the small gold stocks are just coming out of hibernation again. SOLG for instance, last week ?.
share_shark
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