Copper Dev Share Discussion Threads

[topinfo] 20/8/2012 11:48

Try again 27h. 7.7 now.

[the count of monte_cristo] 20/8/2012 11:47

Keep the pressure on Mitch.

Topinfo is here, which I actually have no problem with, many say he is a P & D merchant, that maybe so...but the market takes all comers from shorters to traders to buy and hold investors, each has there strategy and each wishes to maximise his or her gains.

We will, I am sure, now have the inevitable followers of Topinfo, bemoaning his investments style, which seems pretty clear to me.

CDC, is liable for a significant rerating, should the Basay issue be resolved favourably, IMHO. The same argument applies both ways.

[27howard] 20/8/2012 11:44

You can buy 375k here at 7.5p which is below the mid price so there is a seller in size Topinfo, not good news for your pump and dump sorry to say :-))

[27howard] 20/8/2012 11:42

I'm not stupid Topinfo, I know your game, since I've been watching your thread again I've noticed how you post on every pump and dump that the stock will soar or double or something along the lines then next time you mention it you have dumped it, are you forgetting PMK, you must have sold it because the ramping has stopped.

[topinfo] 20/8/2012 11:40

lol Will you buy today 27h?

[27howard] 20/8/2012 11:39

Will you sell today Topinfo, of course you will :-))

[topinfo] 20/8/2012 11:36

Look where they have fallen from and now this Rns says there is no overlap and they are optimistic that the government will come to a prompt and fair conclusion and will approve the assignment to us of the Basay exploration permit and will renew the permit in December.

[vivgav] 20/8/2012 11:35

MM's still digesting CDC RNS :-)

[topinfo] 20/8/2012 11:32

DJ Copper Development Corporation CDC Meets with Philippine Government on Basay

TIDMCDC

RNS Number : 3608K

Copper Development Corporation

20 August 2012

For immediate release: 20 August 2012

Copper Development Corporation

("CDC" or "the Company")

CDC Meets with Philippine Government on Basay

As stated in its news announcement of 8 August 2012, Copper Development Corporation (AIM: CDC, "the Company") has not yet received approval of the assignment of the Basay exploration permit to its Philip-pine subsidiary Adanacex Resources Inc. ("Adanacex"), and continues vigorously to defend the challenge posed by the unfounded claim by the Privatization and Management Office ("PMO") on the Basay property.

Last week, the Company initiated direct discussions with Philippine government officials at the highest level and presented its case, which is underpinned by legal opinions issued by two leading Philippine law firms, one of which is the affiliate of a major international law firm, that there is no overlap between PMO's and CDC's areas and, consequently, no legal basis for the PMO claim. The Company submitted the most concrete and graphic basis for this in the form of a map (see below) and the following paragraph from a letter dated 16 September 2011 to the PMO from the Director of the Mines and Geosciences Bureau ("MGB") Region VII. Office, which, inter alia, states:

"Relative to issuance by this Office of an Exploration Permit to Euzkadi Holdings Corporation (Euzkadi) denominated as EP-000013VII (which was later assigned to Adanacex Resources, Inc. and presently pending approval by the MGB Director), it may be stressed that the area covered by the said EP is outside of the area held in trust by the APT (now Privatization Management Office)."

The map submitted is an official certified map produced by the MGB showing clearly that there is no overlap between the PMO ground and the Basay tenement, as can be seen by the following simplified version of the official MGB map:


Mitch Alland, Executive Chairman of CDC, commented:

"We have presented to the Philippine government solid and incontrovertible proof that there is no overlap between the PMO areas and the Basay tenement and, therefore, no basis for the PMO claim. Also, in our discussion with high level government officials we have explained that we are a serious foreign investor, having invested together with our affiliate - TSX-listed Crazy Horse Resources, Inc. - close to US$90 million in mining projects in the country. Therefore, I am optimistic that the government will come to a prompt and fair conclusion and will approve the assignment to us of the Basay exploration permit and will renew the permit in December."

- Ends -

Contact details

Copper Development Beaumont Cornish GMP Securities GTH Communications

[topinfo] 20/8/2012 11:32

Excellent Rns!!! Game back on!!

"We have presented to the Philippine government solid and incontrovertible proof that there is no overlap between the PMO areas and the Basay tenement and, therefore, no basis for the PMO claim. Also, in our discussion with high level government officials we have explained that we are a serious foreign investor, having invested together with our affiliate - TSX-listed Crazy Horse Resources, Inc. - close to US$90 million in mining projects in the country. Therefore, I am optimistic that the government will come to a prompt and fair conclusion and will approve the assignment to us of the Basay exploration permit and will renew the permit in December."

- Ends -

[the count of monte_cristo] 18/8/2012 11:46

Yes very closely linked, he is the President and C.E.O. Plus remember that CDC holds a strategic interest in Crazy Horse Resources Inc.

Mitch is obviously in regular communication with the MGB so hopefully a resolution will be forthcoming. Surely it is in everyones interests, because CDC can expediate the Basay project, moving it fowards and hopefully getting a major to JV into it and then all being well bring the mine back into production, creating hundreds of jobs and multi millons per annum in tax revenues.

[leoneobull] 18/8/2012 11:37

excellent find truly Count MC! Aug 17, 2012
Crazy Horse Resources i believe is very closely linked to Mitch Alland....it could be that the RNS well ahead of the Dec 12 application was designed to exert pressure on the PMO .....to smooth the path for the application a sort of pre-emptive strike...i agree wth Mike any resolution will see a big rerating.

[mike_f] 18/8/2012 11:19

Nice link Count, hopefully a resolution is around the corner then and the RNS will have sped things along... when Basay gains approval I expect a large spike just back to previous levels then the broker targets of £1.32 will be back.

[leoneobull] 18/8/2012 10:19

i was puzzled by who CDCP are....but this is a completely difft firm that went bankrupt in 1983 so if the PMO claims ownership of the lease then why did another govt agency sell the lease to CDC? This directly contravenes common sense and legality.

Basay: History
At the time of the Basay mine operations, historical exploration was conducted and included the drilling of some 194 diamond drill holes, and underground development. In 1983, just prior to the mine's closure, CDCP Mining Corporation ("CDCP"), the operator of the project at the time, calculated an historical 'Geological Resource' figure of 230 Mt at 0.44% Cu with gold, molybdenum, rhenium and silver credits and a 'Mining Reserves' figure of 129 Mt at 0.48% Cu. This historic estimate is not JORC or NI 43-101 compliant and much of the data that this historic estimate was based was lost and is currently unavailable.

[leoneobull] 18/8/2012 10:13

reduced target to 19p fr £1.30. CNTs!

We must hope for favourable resolution of Basay....

[mike_f] 17/8/2012 09:31

'Watch CDC, lots of buying this morning' That is not a ramp, it is an observation and I am in other companies with other posters on there such as CF12 and Humbugg, easiest place to notify others of abnormal activity. You can dress up how you like.

[mike_f] 17/8/2012 09:07

Hatey, several purchases were made this morning including a 160k one before any posts were made... something must have triggered them! I am hoping a JV on Hinoba-an is on the horizon.

[mike_f] 17/8/2012 08:45

Lots of buying this morning, jumped back in... possible some news due! GLA

[leoneobull] 17/8/2012 08:25

the stuff jotoha2 posts about the big boys shorting CDC is nonsense...it's a tiny AIM firm....with a tiny market cap so why would any big player be interested...?

[leoneobull] 17/8/2012 08:24

jotoha2 CDC has been described in all articles as 'fully funded' to prove up the resources of their 2 primary sites. Once the intensive drilling is over (it is already) then cashburn rate will be lowered dramatically ...so there is no need for them to raise cash just to sort out this legal dispute..

[duxy786] 16/8/2012 16:26

You planning on sending Foxdavies a letter with your "Congratulations for getting it wrong"??



Recommendation
We maintain the BUY recommendation with an increased target price of £1.16
share, formerly £1.02.

Unlike you Jotoha, I dont moan over one loss. head on over to AMC today and you'll find I was buying aggressively at 4.5p, infact, I added 4.33 times more than I have here in total, in to AMC. Losses are part of the game and it's not a loss until the trades are closed or the co. has liquidated. Leave Mitch to get on with it, if it's going to be, it will and if not...I'll live! :-)