Copper Dev Share Discussion Threads

[jotoha2] 09/10/2012 17:27

Looks like the count is keeping his head down on the BGL board , now thats another basket case , deary me .

[bam bam rubble] 09/10/2012 17:11

They had to focus on Basay as it was the better project in terms of grade. Now Basay's grade isn't viable the lesser grade of Hinoba-an makes that worthless. So this becomes another of AIMs no-hoper cash shells with residual cash to be siphoned off to directors over the next year in the form of admin expenses and so-called 'evaluation work' before the inevitable suspension of trading RNS.

£16.6m at Jan 2012, £10.5m left at June, estimated £6m left by Dec 2012 (2.5p per share) falling to £2m (1p) by Dec 2013, in which time the leftover license can be sold for nil value to a connected party, or maybe another claim from the State now they've seen how easily this lot fold (or are bought)

[jotoha2] 09/10/2012 17:01

Well thats a 99.58 % fall from its high , not to shabby is it Count!

[mr keeny] 09/10/2012 16:53

Glad I binned these with a loss at 10p.

You all have been "had"

"we feel that the next two months of drilling will be highly productive in our goal of realising these deposits as a major, world class copper project."



"excellent drill results at the Basay Project, which showed long, high-grade intersections that, together with magnetic and induced polarisation ground surveys, increasingly support the structural model for the continuity of mineralisation in the deposits and the potential for Basay to develop into a major world class copper project. In view of this potential, the Company focused its strategy on the Basay Project"



Hang your head in shame Mr Alland, which ever way you dress it up the simple fact is you have a lot of guilt to live with now.

[jotoha2] 09/10/2012 16:52

Alland needs to walk rather swiftly , new BOD installed and cash used for a proper deal or handed back to shareholders, will go long purely on cash , when sentiment hits the share price at 2p

[leoneobull] 09/10/2012 16:48

it sounds like mitch has given up on basay after spending millions on it. they should have got some decent staff instead of blowing it all on drilling.

[jotoha2] 09/10/2012 16:39

Another classic scam , just look at the chart , the high salaries and call girl expenses should have made you lot take notice earlier !

[leoneobull] 09/10/2012 16:34

Dear Copper Development Corp.

Following my earlier email, for instance, in February 2012 in an article the following is stated.

Last year a total of almost 22,000 metres were drilled and results later this month should confirm a historic resource in the order of 200 million tonnes. The plan for this year is to drill a minimum of 44,000 metres at a cost of about US$15 million – though the programme could be far more ambitious than this. "If we continue getting the fantastic intercepts we have been getting we will try to accelerate the programme - it may go to 60-80,000 metres," said Alland. "The difference is 44,000 metres might take it to 500 million tonnes. With 60-80,000 we might make it to 1 billion tonnes - now that is a very large project. "How long we take to prove it up who knows? If it is 1 billion tonnes then we might be able do to it in the next year. If it is 4 billion it will take longer.

It is unclear to equity holders in CDC how these 'fantastic intercepts' which were talked up by the company are no longer sufficient to warrant a mining operation.


Best regards,

[bam bam rubble] 09/10/2012 16:33

The wording in the announcement is interesting like the directors simply no longer care about holding on to the license, despite bulling it up previously at every opportunity. Wouldn't be surprised if this lot were given backhanders to ensure the license is eased out of their hands with minimum fuss.

[jotoha2] 09/10/2012 16:33

Hope you sold out Count , expensive lesson in not listening to Directors with history!

[34simon] 09/10/2012 16:32

O/T

Topinfo

Is this not you ramping CDC then ?

[jotoha2] 09/10/2012 16:27

Sack the board and hand back the spoils before they blow it all on expenses !

[leoneobull] 09/10/2012 16:27

The guy is a crook?

Last year a total of almost 22,000 metres were drilled and results later this month should confirm a historic resource in the order of 200 million tonnes.

The plan for this year is to drill a minimum of 44,000 metres at a cost of about US$15 million – though the programme could be far more ambitious than this.

"If we continue getting the fantastic intercepts we have been getting we will try to accelerate the programme - it may go to 60-80,000 metres," said Alland.

"The difference is 44,000 metres might take it to 500 million tonnes. With 60-80,000 we might make it to 1 billion tonnes - now that is a very large project.

[gerryjames] 09/10/2012 16:13

Not below cash, loads of cash strapped projects around which could be reversed into.

[duplicate book] 09/10/2012 16:12

Not good :o((

[bam bam rubble] 09/10/2012 16:11

Basay binned. Sell at will

[jotoha2] 09/10/2012 13:33

Count , can you throw any light on the investment this bunch of cowboys made by buying a shed load of shares in Crazy horse (another philipino mining company) at a cost of nearly $6 million , and that rather astute purchase is now valued at short of $900,000 , now thats what I call a spectacular result for so called insiders!!

[jotoha2] 04/10/2012 21:26

And another leg down , come along now the count , get your purse out , you know it makes sense!!

[leoneobull] 04/10/2012 16:55

malicious poster with a short..

[jotoha2] 02/10/2012 08:55

And again we are slip sliding away , how can cash last for years do tell , I thought the idea was to grow and make money, of dear back to the drawing board.

[the count of monte_cristo] 28/9/2012 08:08

alfie - depends on what happens to the copper price.



- However, we believe that the sale of
Hinoba -an should fetch at least $220M.

Jotoha2 - stop whining, you have been completely wrong about the cash resources and your imagined placing at 3p, your reputation is now zero, you have proven yourself to be a liar and a dangerous one at that. Cash resources of over 10m GBP will last for years with both projects on limited expenditure.