Circle Property Share Discussion Threads

[pinhead3] 29/9/2006 23:56

Adam
It's happened on a number of days with CRC, in fact I believe it also happened earlier in the week.
CRC is relatively illiquid (Forest own 40% tied in for a start) which means anyone wishing to sell even a couple 100K can move the price 20p. Simiarly any good news that hits the headlines such as a bankable schedule will send the price into orbit as in Jan/Feb this year.

CRC is worth £1+ on Kinsenda alone, the rest (which will be worth far more) is for free!

[adam] 29/9/2006 23:38

Fascinating. Not a single share traded. I like it.

[pinhead3] 29/9/2006 22:31

Update on projects per interims now incorporated into header.

DRC Kinsenda - Dewatering underway, site construction underway, commissioning on target to be completed Jun 07.

DRC Misoshi - Stock pile processing underway. Dewatering / commissioning will commence when Kinsenda commissioning completed in Jun 07.

DRC Lubembe - Work will commence after Kinsenda & presumably Misoshi.

DRC unnamed site - No update, will be at least 2009 before any work will commence.

Philippines Hinoba-an - Resource update due Q3 06.Bankable schedule copper resource due Q2 07. Gold infil programme underway, awaiting confirmation of completion date with resource update. Gold bankable schedule will then presumably be completed if viable

Namibia Haib - METS scoping study completed, indicating a 50% reduction in capital required than previously anticipated. Pilot scale programme underway & due to be completed mid 2007. Bankable schedule will then be undertaken, completion date was end 07 awaiting confirmation.

2007 looks like a very exciting year for CRC which will make it a real copper producer with 6 quality assets across 3 countries.

[pinhead3] 29/9/2006 21:42

Actually CRC is one of the better AIM companies with regards to clarity of information & disclosures.
Yes their timescales have slipped on a number of issues but you have to remember that CRC & most AIM companies are a lot smaller with regard to the number of employees & resources than your FTSE 250 / FTSE 100 companies. It's not surprising therefore that they aren't able to meet given deadlines when unforeseen events arise. Fortunately this time the unforseen event is going to be very positve for the company!

I have a very positive view point of the mngt of CRC in that so far they have met all expectations with regard to results even if they get there slightly later than originally expected. It is dissapointing however that I received an email from Chris Jordinson only a couple of weeks ago stating that the Hinoba-an info would be released towards the end of September. Then again Q3 does start on Sunday so we may not have long to wait.

[addas99] 29/9/2006 17:36

A copper update from Hinoba, as promised by month end, could have added cheer with details of their gold find following later to give further impetus....but then, nothing new, this is an AIM company with poor accountability the norm to shareholders.

[pinhead3] 29/9/2006 14:32

'Hinoba-an Project - Philippines

The infill and geotechnical drilling is now complete and the BFS is continuing
with metallurgical testwork underway, with a resource estimate to be completed
in the third quarter of 2006. During geotechnical drilling CRC discovered a
significant gold system next to the current ore body. CRC is proceeding with
infill drilling on a 50x50 grid to prove up the gold discovery and proceed with
a gold resource estimate.'

I thought with the gold find the Hinoba-an resources update by end Sept was optimistic.

Interims make good reading, $3.5m revenue is not a bad start would be good to get some volumes to go with it.

[unionhall] 27/9/2006 15:14

Let's hope the elections are peaceful and successful - for the people first and us second.

If so and the dewatering is reported as completed in November then the reward will certainly be high.

[adam] 27/9/2006 15:02

Congo

You are talking about the Kipushi mine


Elections
the "right" guy seems to have got it in the bag.



Hey. It's HIGH risk HIGH reward. There's also the Namibian project....

[unionhall] 27/9/2006 14:50

More likely Congo related.

There was an article about 10 days ago about a mining co having some difficulty in relationship to ownership. (May have been Adastra - can't remember)

Sounded bad but reading through it was an issue with another company more than the government.

[adam] 27/9/2006 12:46

Philipines:-

The government has limited development of projects to 24 priority ones.


Notably one of them belongs to CRC where they have a full MPSA as noted in their RNS of August 15th 2005


I wonder if in the panic, the market is just selling CRC regardless of this? The project you will note from the RNS is assigned to Colet Mining and Development and it may have escaped investors' attention that this is CRC, but CRC are not mentioned in the 24-priority MPSA list whereas Colet Mining are (see tenement number 219) approved 8/2/2005

[pinhead3] 21/9/2006 11:22

Not just AIM listed commodities, big ones are falling aswell.
On the plus side an exploration share can buck the trend substantially with good news.

[drewz] 20/9/2006 22:53

free stock charts from ADVFN.COM


A lot of AIM listed commodities companies are breaking down through support this week. Hope it is just a short-term temporary spike.

[addas99] 20/9/2006 17:38

Well if there was an overhang let's hope this was it and now out of the way.
CRC is no better no worse than many AIM stocks in advising mythical, at best over-optimistic, progress schedules.....watching very closely for the Hinoba resource update before the end of Sept, ie next week latest in line with
Jordinson's earlier advice.

[pinhead3] 20/9/2006 16:00

300K sell, now we know why the share price has been shagged recently.

[addas99] 19/9/2006 10:34

The Philippines is making fresh overtures to the mining community to woo back investors to the country's vast unexplored resources potential.....



Will help in making Hinoba an even more attractive proposition.

[sheeneqa] 15/9/2006 09:57

Yes Georgie will be making a fortune in sales at the mo!

GoG News: DR Congo Presidential Contenders Meet Face-to-Face
UN News Service (New York)

September 13, 2006
Posted to the web September 14, 2006


The two leading presidential candidates who emerged from July's historic elections in the Democratic Republic of the Congo (DRC) today met face to face for the first time since their supporters engaged in deadly clashes last month, according to the UN mission in the embattled central African country.

The mission, known by its French acronym MONUC, reported that President Joseph Kabila and Vice-President Jean-Pierre Bemba shook hands twice before the cameras during a meeting of President Kabila and his vice presidents.


While MONUC characterized the atmosphere as "relaxed and conciliatory," it noted that the men did not make any public declarations.

The meeting comes after the sustained efforts of MONUC and the international community to bring the two men together. Several foreign dignitaries, including the European Union's High Representative for Common Foreign and Security Policy, Javier Solana, had travelled to the DRC in recent days to urge the two candidates to meet.

Neither Mr. Bemba nor Mr. Kabila won a majority in the July vote, the country's first free and fair elections in more than 40 years. They will now face each other in runoff elections on 29 October.

"We are working very seriously with all concerned to ensure that the second round moves ahead as smoothly as the first round, and that the parties and the political leaders play by the rules of the game, and accept the results regardless of who wins," said Secretary-General Kofi Annan at a news conference in New York today.

In other news, MONUC said it remained concerned about the large number of weapons on the streets of the capital, Kinshasa.

At a press briefing today, Deputy MONUC spokesperson Jean-Tobie Okala said that the large circulation of arms and men with arms around the city "was not good" for the electoral process.

He called on all of those involved to step up their efforts to disarm and for an acceleration of the retraining and integration of militia forces into the national Army.

[pinhead3] 14/9/2006 17:55

It's a good job we've got Forrest as a 40% owner.

[pinhead3] 13/9/2006 19:15

Last Updated: Wednesday, 13 September 2006, 15:04 GMT 16:04 UK

DR Congo rivals meet after clash

Joseph Kabila (l) faces Jean-Pierre Bemba (r) in October's run-off
Congolese President Joseph Kabila is meeting his election rival, Jean-Pierre Bemba, for the first time since their forces clashed in August.
There have been intense diplomatic efforts to bring the two men together.

European Union foreign policy chief Javier Solana and South African leader Thabo Mbeki have visited, appealing to them to settle their differences.

The fighting in the capital, Kinshasa, left 23 people dead and raised fears of violence in the run-off on 29 October.

In July's first-round of voting for a new president, Mr Kabila took 45% of the vote, just short of the 50% needed for victory, while Mr Bemba gained 20%.

The election was the first democratic poll to be held in the country since it gained independence in 1960 and follows the official end of a five-year conflict.

Mr Bemba is a former rebel leader and retains his own personal security force. The presidential guard is widely regarded as Mr Kabila's personal force.

The polls are meant to put an end to a transition process established after five years of war that ended in 2003.

The world's largest UN peacekeeping force has been trying to help the former combatants disarm and form a unified army.

[pinhead3] 13/9/2006 16:53

I was pretty surprised to receive the reply from CJ, especially on a Sunday as I sent it to Jeanne who usually replies.
2007 will be a huge year for CRC with Kinsenda going into production, Hinoba-an bankable schedule & Haib feasibility schedule. £2 easily by end 2007 with right news.

[unionhall] 10/9/2006 21:34

I don't look past the DRC elections, confirmation of dewatering completion and production still on-course for mid next year to keep this on an upward curve.

Hinoba and Haib will contibute to the share price in about two to three years all going well.

[addas99] 10/9/2006 21:09

Thanks for that Mr X :-)...you did well to get past the guard and through to CJ.
CRC are none too hot in delivering objectives to schedule, in common with most over-optimistic AIM outfits so let's see if this time they do as they say.
The revised Hinoba resource estimate will either make or break your 2006 £1.30 target..fingers crossed.

[pinhead3] 07/9/2006 07:32

Wassaper
Any ideas what happened to this for Hinoba-an?

'Having finished the infill drilling program, CRC is now able to complete a
reinterpretation of the geology and a revised resource estimate, which will be
verified by an independent geological consultant. The new resource estimate is
expected in August.'

Presumably they are making progress having found the gold but this has been delayed?

[wassapper] 07/9/2006 07:17

MOre good news = big capex redcutions and 74% recovery

COPPER RESOURCES CORPORATION

DENSE MEDIA SEPERATION IDENTIFIED AS ATTRACTIVE PROCESS

FOR HAIB PROJECT IN NAMIBIA

LONDON, United Kingdom - 7 September 2006.

Copper Resources Corporation (AIM: CRC.L) ("CRC", "the Company") has identified
an attractive process for its Haib Copper Project in Namibia. Laboratory-scale
test work has confirmed that the Haib ore reacts positively to the application
of a dense media separation process (DMS). In addition, a new scoping study
points to a 50% reduction in capital costs compared to earlier studies, as well
as lower operating costs, owing to the reduced feed requirement for DMS.

These are the results of a scoping study presented by Mineral Engineering
Technical Services ("METS") of Perth, Australia, who CRC commissioned to review
processing options for Haib ore, with a view to reducing capital and operating
costs.

With the encouraging results achieved in the scoping study, CRC will now embark
on a full-sc ale pilot scale test work programme, which will be carried out by
Ammtec Laboratories of Perth under the guidance of METS. In addition, CRC will
begin work on site to collect samples of ore for mineralogical testing to
ensure that, over the whole of the ore body, mineralisation characteristics are
documented. This will require analysis of historical drill cores, which are
currently stored on site 10km northeast of Noordoewer, Namibia.

CRC CEO Chris Jordinson stated, "We have just made a significant step forward
in finding a suitable processing option for the Haib Project; and with positive
results from ongoing test work the economics of the project will be further
improved."

The test work was carried out by Roger Townend and Associates, consulting
mineralogists, and Ammtec Laboratories, both of Perth, Australia, under the
management of METS. Material was crushed to less than 2mm and de-slimed at 75µ.
Some 63.4% of the copper was found to report to 24.9% of the ore mass. As
recommended in the METS scoping study, the remaining 75.1% of the ore would go
to a heapleach process using standard bioleach technology. The following
results were obtained:

% % % % %

Via Slimes Via DMS To Flotation To VAT leach Copper Recovery
Plant

Mass Pull 18.5% 6.4% 24.9% 75.1% 75.4%

Copper 24.2% 39.2% 63.4% 36.6%

METS is an independent mining engineering consultancy that is not a shareholder
in CRC or any associated party. The scoping study has been prepared on a
professional basis using qualified and experienced engineers working in
accordance with CRC's scope of work. METS's studies are recognized and accepted
by financial institutions working in the resource sector, and METS has approved
the content of this announcement and the references to its name in the form and
context in which such references are included.