Circle Property Share Discussion Threads

[nabeel4975] 01/11/2006 09:33

Added this morning, what an opportunity!

Heading for £1 short-term :-)

[pinhead3] 31/10/2006 18:55

Observers praise DR Congo's poll

Ballot papers are being sent to Kinshasa for compilation.



Observers at the Democratic Republic of Congo's landmark presidential run-off have generally praised its organisation, despite some disruptions.
A US spokesman said Sunday's poll was "light years ahead of anything" previously seen in DR Congo.

The vote is being rerun in the north-east town of Bumba, where polling stations were burnt, amid fraud claims.

The first unofficial results say President Joseph Kabila and ex-rebel Jean-Pierre Bemba are neck and neck.


The BBC's Arnaud Zajtman in the capital, Kinshasa, says the mood is tense, with European Union troops patrolling the streets and helicopters flying overhead.

The elections are supposed to draw a line under DR Congo's five-year war, which led to an estimated four million deaths and drew in the armies of at least six other African countries.

Well organised

Former Mozambique President Joachim Chisano said the electoral "process had been well organised".

Former Canadian prime minister and head of the US-based Carter Center's observing team Joe Clark said: "There does not appear to be a trend of either intimidation or violence. One could almost say the opposite."


But at least one person was killed on polling day when police opened fire on Mr Bemba's supporters in Bumba, when they rioted after saying they had uncovered attempts to stuff the ballot boxes.

The AP news agency reports that voting began in Bumba around midday on Tuesday, after new voting materials were flown in.

The elections are to be held again on Wednesday in Fataki in Ituri district, where two election workers were shot dead on Monday by a drunken soldier, again sparking riots, in which 43 polling stations were destroyed.

The UN's Radio Okapi reports that the soldier responsible, Sergeant Mamale Innocent, has been sentenced to death for murder.

Regional divide

Results are being posted outside each of the vast country's 50,000 polling stations but the Independent Electoral Commission (CEI) has until 19 November to announce the winner of the poll.

Observers have compiled results from less than 5% of the polling stations and say there is little to choose between the two candidates.

These unofficial results show a similar trend to the first round, with Mr Kabila winning by a landslide in the Swahili-speaking east and Mr Bemba ahead in the Lingala-speaking west.

These results imply that the support for Mr Kabila of the candidates who came third and fourth in the first round, both from the west, has done little to boost his support there.

Turn-out is reported to be lower across the country than in July's first round.

Mr Kabila won first round polls on 30 July, but fell just short of the 50% needed for outright victory.

Many Congolese fear that whoever loses the elections will resort to violence, as both men have considerable numbers of armed men and weapons at their disposal.

Both men have said they will accept the results, as long as they are free and fair.

DR Congo's rich reserves of minerals such as gold, diamonds and coltan - used in mobile phones - have attracted a series of armed groups, both Congolese and foreign, intent on looting.

This country two-thirds the size of western Europe has just 300 miles of paved roads.

UN officials say the polls are the most important on the continent since the 1994 election that ended apartheid in South Africa.

[unionhall] 31/10/2006 16:09

for a start....

I still see this rising consistantly once the elections are over and the dewatering is competed.

Investors/analysts will start focusing on the cashflow projections and with financing complete downside will be limited if political issues can be kept to one side.

here's hoping...

[pinhead3] 31/10/2006 16:03

Either way I'm glad to see the downward trend broken. £1 here we come!

[unionhall] 31/10/2006 15:54

more like the kinsenda dewatering - due for completion in November. ?

Or just money out until elections starting to come back in ?


A number of good things due...

[pinhead3] 31/10/2006 15:50

Do we have a leak on the Hinoba-an upgrade?

[unionhall] 31/10/2006 15:02

Analysts and diplomats said the result was likely to be announced ahead of the Nov. 19 deadline.

Both the United Nations and diplomats monitoring Congo's peace process have issued statements urging the population to remain calm, reflecting fears that violence after the poll would dash hopes of a new beginning for the destitute country.

Electoral officials said vote counting was going more swiftly than in the first round of the election, Democratic Republic of Congo's first democratic poll for four decades.

[drewz] 30/10/2006 20:39

I am inclined to buy a few of these now at this level. Will add as the position becomes clearer, but looks to offer good value within a 3-5 year time horizon. It looks somewhat oversold.

I don't expect the copper price to come off that much over the medium term. My favourites are still zinc and nickel, but copper should do ok where there is a high grade low cost operation such as CRC have secured in DRC.

[unionhall] 30/10/2006 17:09

smitb - posted by adam ---thanks.

[smitb] 30/10/2006 16:27

Hi Unionhall, link requires registration. What is the topic/gist?
Peaceful Congo elections?
Cheers!

[pinhead3] 26/10/2006 20:14

Welcome aboard lonrho. You should have some good news here pretty soon.

[lonrho] 26/10/2006 16:17

Just bought 15,000 of these at 65p, hopefully the change to the options package will help change sentiment as the recent drop seemed to be related to disgust at the original package.MM was offering 25,000 at mid price which i suppose is not a good short term indicator.

[goatherd] 25/10/2006 18:44

Pinhead,

Congratulations on your post 500. It is the most cogent and briefest argument for buying any share I have ever seen.

[sheeneqa] 25/10/2006 14:45

The Brussels-based non-governmental group argued that government assets were being pilfered by people using them for their own ends or to finance electoral campaigns.

It said that some 60 to 80% of all customs taxes were stolen and the mining sector in the resource-rich DRC was "particularly prone to corruption with valuable concessions granted with little legitimate benefit to the state".

'The judiciary is deeply politicised'

ICG warned that the government branches lacked the funds to operate properly and were vulnerable to corruption.

It said: "The judiciary is deeply politicised", and noted that during the three-year post-war transition period "not a single official has been tried... for corruption".

[pinhead3] 25/10/2006 11:23

In case anyone wasn't aware it's the final round of the presidential elections in DRC this weekend. Let's hope they are peaceful & fair for the people of the DRC.

[adam] 25/10/2006 11:12

This is nice to see, and as rare as rocking horse poo. It just goes to show that we were right to be outraged, and that the collective jaw of the cynically disinterested institutional shareholders dropped in disbelief too at the gargantuan greed to the extent that it galvanised them into action! Wow.

[pinhead3] 25/10/2006 11:08

Must have been my email!Only joking.

I do remember there being a clause in the 'A&M' that limited the number of options to a % of the total share capital in issue. I haven't had the chance to trawl through my working files to confirm, I thought it was 10%.

[unionhall] 25/10/2006 11:00

Excellent - I wonder who took out the big stick ?

An institution or the LSE?

[pinhead3] 25/10/2006 10:56

Options have been cancelled & cut in half. Now 3.75m shares with operational performance criteria built in.

Copper Resources Issue of Options - Revision
Immediate Release 25 October 2006

COPPER RESOURCES CORPORATION

REGULATORY ANNOUNCEMENT

ISSUE OF OPTIONS

LONDON, United Kingdom - 25 October 2006.

Copper Resources Corporation (AIM: CRC.L) ("CRC", "the Company") announces that
it has revised on 25 October 2006 the options that were granted to directors
and management on 2 October 2006, which have been cancelled. Directors and
management will now receive 3,750,000 options to subscribe to common shares of
the Company at an exercise price of £1.00, with the options being exercisable
at any time up to and including 25 October 2011, as follows:

--500,000 to SE Jonah, Non-Executive Chairman

--750,000 to M Alland, Executive Vice Chairman

--500,000 to G Arthur Forrest, Non-Executive Vice Chairman

--725,000 to C Jordinson, Chief Executive Officer and Director

--500,000 to M Anastassiou, Director

--500,000 to G Andrew Forrest, Director

--150,000 to R Marshall, Director

--125,000 to M Gordon, Chief Geologist

25% of the options will be vested immediately, 15% upon completion of the
bankable feasibility study for the Hinoba-an Project in the Philippines, 40%
upon start of operations at the Kinsenda Project in the Democratic Republic of
Congo, and 20% upon reaching full capacity operation at Kinsenda.

[pinhead3] 25/10/2006 10:54

Bloody ADVFN can't rely on them for anything!
Nevermind doesn't exactly make a big difference in the scheme of things.

[stemis] 25/10/2006 08:09

Market cap is £40.6M (60,594,192 x 67p) or $75M.