Circle Property Share Discussion Threads

[nicksig] 31/3/2006 14:06

Pinhead - I have L2 but as you say in this case it's impossible to tell what's going on as there are so many delayed trades. The one thing we know for sure is that the share price is up. My hunch is that the 50 and 75k trades were rollovers and the 140k is a delayed buy.

[2ngh] 31/3/2006 14:04

I bought these around 65 not long back and showing a very nice profit. Will see if we can make a new high before selling / shedding a few.

E Boffin

Did you get in at any stage?

[blessings] 31/3/2006 14:00

Do punters in general buy when they see blue or red?

If I had purchased a large amount of stock at 55p and saw an instant 60% profit
would I sell a good portion and hold the rest for free?

[pinhead3] 31/3/2006 13:59

The biggest problem with trying to figure out what's going on, without L2 is the fact that so many trades are delayed.

[e-boffin] 31/3/2006 13:55

See... Bid just went up. The 140k T-Trade could not have been a sell.

[e-boffin] 31/3/2006 13:49

nick

Are you referring to the 140k "T" trade? That could have been a buy spread over several days. Whatever, it has been absorbed by the market which is why it caused no reaction in the share price.

~~~~~~~~~~~~~

"T-Trade - If reporting a single protected transaction. A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction, the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction. However, the market as a whole isn't told until the end, thus the order is protected."

[pinhead3] 31/3/2006 13:48

The 140K looks like was a sale but the earlier 50K/75K trades don't look like they are.
The NMS is only 2,000 shares so anything over 12,000 will be delayed.

[nicksig] 31/3/2006 13:39

Looks like a big sell has just gone through. But you never know for sure with t trades when they were agreed.

[nicksig] 31/3/2006 13:38

Yep, moving up nicely. I'm surprised this thread is so quiet!

[e-boffin] 31/3/2006 11:06

Looking good. The next big hurdle is can we break through the previous high at 87 set last month. There seems to be a lot of strength behind the share price so let's hope.

[nicksig] 31/3/2006 10:51

Hmmm, must be a big buy going through. Nice intra-day chart!

[nicksig] 31/3/2006 10:06

Yes, copper is booming. I bought into CRC yesterday - good luck all.

[pinhead3] 30/3/2006 22:57

FTSE 100 charges through 6,000 on mining rally
By Philip Stafford, Donna Haddaway and Michael Hunter
Published: March 30 2006 08:36 | Last updated: March 30 2006 17:48

Bears calling the top of the mining shares rally appeared to be in full retreat in London yesterday as bumper results from Kazakhmys helped kick off a further re-rating of the sector.


Kazakhmys set the impetus as it reported a bumper first set of full-year numbers as a UK-listed blue chip company.

Stronger copper prices helped it beat expectations with news of a 53.2 per cent rise in profit and the shares topped the £10.00 barrier for the first time to finish up 9.3 per cent at £10.42.

Investors read the strong results across to the rest of the sector, allowing Rio Tinto to finish at an all-time high, up 5.3 per cent to £29.81. Xstrata also hit a record high, up 4.9 per cent to £18.92 while Antofagasta rose 5 per cent to £21.60 on the back of the bullish copper news.

Mid-cap mining stocks were also higher as the sector continued to be re-rated in the wake of strong metals prices. Vedanta Resources added 7.1 per cent to £13.76p, making it an early candidate for the entry to the FTSE 100 in June's quarterly index reshuffle.

Randgold rose 7.4 per cent to £10.44 and Aquarius Platinum was 2.2 per cent stronger at 797½p.

[pinhead3] 30/3/2006 21:27

I must admit I was suprised at the placement today, I expected Kinsenda to be funded by debt not through equity.
On the plus side the copper price is now reaching twice the rate used in the NPV calculation of Kinsenda.

Even after the placement Kinsenda (based on the project NPV) is worth £1.35 or fully diluted (share options & warrants) £1.14.
At the current price you get all the other assets for free & a significant upside!

With the placement agreed & the loan talks well advanced a significant uncertainty has been removed.

I'll update the header at the weekend, for now I have the following targets fully diluted & discounted.
End 2006 £2.00 (+144%)
End 2007 £2.80 (+241%)
End 2008 £3.80 (+363%)

Ultimately on the current assets £5.60+ (+593%+)

CRC is still a strong buy at these levels.
A bankable schedule is due on Hinoba-an at the end of 2006.
METS review on Haib is due in May 06 & a bankable schedule at the end of 2007.
Kinsenda will be producing strong cashflows between Feb 07 & Aug 07.
Plenty to look forward to.

[pinhead3] 30/3/2006 21:00

3 month copper price up to $5,411.50 / tonne or $2.46 /lb.

Price is now up about 65-70% since last June, it's inevitable that there will be a correction at some point. I expect the price at the end of the year to at least be as high as it is now (twice the rate used in the Kinsenda NPV).
As a guestimate I would say the year end price will be somewhere between $5,500 & $7,500 tonne or $2.50 - $3.40 lb.

The biggest threat to commodity prices is a slow down / collapse in China/India, while their economies are going strong prices will continue to rise as demand outstrips production.

[pittyos] 30/3/2006 19:45

Awsome stuff!

[addas99] 30/3/2006 19:43

pinhead, you speculated 3 days ago that another 3.7% rise in copper would take us to double the price used in the Kinsenda project calculation.
And so we arrive, Cu now over $2.5/lb..end of year guestimate?

[e-boffin] 30/3/2006 13:14

I am impressed that the share price has held up so well. As someone has said earlier, it would be quite normal for the share price to drift down towards the price of the placing.

[wassapper] 30/3/2006 13:09

Uncertainty is out of the way. The debt raised will be paid back quickly through cashflow. Nothing scandelaous about the placing price at all. Quite common level of discount for a project in a risky area. News on other projects also expected soon.

[bigbobjoylove] 30/3/2006 11:57

out my 20000 at 80.5,nice profit but scandalous placing price given they get a warrant as well.may buyback if they drop.Nice profit though ;-))

[blessings] 30/3/2006 10:13

So much for TA. :'(

[blessings] 30/3/2006 10:10

Must have been struggling to only raise 55p and had to throw in half w to boot, I am out......

[reefseeker] 30/3/2006 10:06

To clarify my earlier comments, I realised that there would be a placement but I had hoped that it would not be so dilutive. Also I was looking for more news on progress on the debt discussions but all we got was "we have initiated discussions ...". This may be smart, in that they are not raising expectations and I prefer to see a culture of under commit and over deliver, but it does beg the question of just where are they with these talks. To answer my own question I guess the banks want to see a bit more progress on the DRC elections first.

[reefseeker] 30/3/2006 09:57

Part of my surprise and disappointment re the placing is that I had assumed that they would be able to access a World Bank debt facility, in part through the background of Vice Chairman Mitchell Alland.

[madasafish] 30/3/2006 09:56

I've sold out temporarily on the rights issue news.