Circle Property Share Discussion Threads

[jon389] 08/4/2006 08:33

Is there potential for more news flow in the short term that could impact on the price?

[drewz] 07/4/2006 21:37

ACU should be worth 4 quid a share 18 months out; CRC maybe even more as it has a greater risk/reward profile.

[pinhead3] 07/4/2006 20:59

I've honestly not looked into it much.
The initial thing that put me off investing is the fact that all their assets are in one African country (Botswana). I prefer CRC as they are diversified into three different countries & thus reducing the political / environmental / economic risks.
Plus I'm not looking for any more investments at the moment.

If you are thinking of investing DYOR & don't depend on Ashley James's biased, censored thread.

[nikesh2] 07/4/2006 20:17

pinhead what is your view on ACU

thanks

[pinhead3] 07/4/2006 17:28

Impressive turnaround today.

[brazao] 07/4/2006 16:32

Now THIS makes sense!

[nikesh2] 07/4/2006 16:31

todays fall and rise indicates strength!!!!!!

[pinhead3] 07/4/2006 07:30

I believe there is a loop hole in the AIM regulations that means CRC don't need disclose the 3% holding changes as CRC are not a UK registered company.They still need to disclose director changes I believe.

I emailed CRC to ask whether they intend to give an update or put the major holdings on their website but as yet I not received reply.

We may need to wait until the final results.

[nav1000] 07/4/2006 01:39

from recent placing 5.5m gone to Forrest Group, where did the other 2.5m go, dont they have to disclose which institutions have purchased..

[pinhead3] 06/4/2006 22:01

Elections due 18th June in DRC.

DRC miners in for 'peace rerating'

David McKay
Posted: Sat, 11 Feb 2006
[miningmx.com] -- MINING companies operating in the Democratic Republic of Congo (DRC) were due for rerating if the central African country successfully completed democratic elections, scheduled for later this year.


RBC Capital Markets, a Canadian stockbroker, estimated that the value of a raft of mining firms including Tenke Mining Corporation, Adastra Minerals and its suitor, First Quantum Minerals, Banro Corporation, and Katanga Minerals would be vastly improved.

It already believed the sheer mineral potential of the DRC helped offset much of the political risk still in the country. "We believe the companies exploring and producing in the DRC will have those operations evaluated as less risky investments once the political elections pass off peacefully," said Mark Smith, an analyst for RBC.

It's easy to underestimate how powerful the DRC could become in Africa's mineral production. Smith reckons that if all projects get off the ground, the country will be responsible for about 2% of total copper supply by 2010, and the world's 16th largest producer.

But it's been a difficult road for the juniors that first invested in the region. According to Paul Conibear, president of $400m Tenke Mining Corporation, the DRC requires nerves of steel.

"We're comfortable with the environment, but it's not for the faint of heart. You need patience and deep pockets." He was speaking at the Emerging Mining Congress, held in Livingstone, Zambia.

Tenke is hoping to mine copper, at an estimated 50,000 tons/year in its startup phase, in partnership with Phelps Dodge, from the 40 billion pound Tenke Fungurume deposit in southern DRC.

"Every time I go back to Kolwezi, I see different things," said Réne Nolevaux, managing director of mines at Katanga Mining, a Toronto-listed mining firm hoping to mine copper and cobalt from Kolwezi, also in the south of the DRC. "The town is coming alive again," said Nolevaux of Kolwezi. "The people are fed up with the chaos. They want a stable government."

The DRC's economy is starting to improve. Gross domestic product totalled $7bn, increasing 7% in 2005 and a further 8% in 2006, growth supported by the resuscitation of its mining industry. According to Smith, the country holds 10% of total copper resources, and a third of all cobalt.

Meanwhile, there's also an opportunity to breathe new life into its diamond industry which has supplied an estimated 498 million carats with a gross value of $10.3bn in the 30 years to 2001.

As for the DRC's gold potential, little is known. The country sits on the Congo Craton, one of Africa's largest unexplored Archean gold regions. The DRC was Africa's fifth largest gold producer in the 1960s but production since then has shrunk, declining to 165,000 oz in 2004, according to UK mineral research house, GFMS.

Speaking at the Indaba Mining Conference in Cape Town last week, Banro Corporation CEO, Simon Village, said there was "excellent potential" to add to the 8 million ounces of gold reserves already under the company's control. It owns most of the 210km long Twangiza-Namoya gold belt which has four main areas with historical output of more than 2 million ounces since the 1960s. "By the middle of the year we should have a resource upgrade before proceeding to a feasibility study," said Village.

Speaking at the Indaba Mining Conference, the DRC's mines minister, Ingele Ifoto, expressed optimism the elections would be completed successfully. "We're moving towards our democratic elections at the end of April. We have no other choice," he said.

[pinhead3] 06/4/2006 19:55

Fund investors may be in copper market to stay
Thu Apr 6, 2006 9:20 AM ET
Printer Friendly | Email Article | Reprints | RSS (Page 2 of 2)

"Our view is that these markets will be tight for five more years," he said.

"In Europe practically every independent pension consultant and mutual fund consultant is recommending an increased weighting in commodities," Bielski said.

Pension fund rules changed in Europe about three years ago and up to 20 percent of some pension funds can go into alternative assets, and the biggest move has been to commodities.

"The pension fund or mutual fund money guys don't make snap decisions. Their core money is invested on three-, four-, five-year horizons and they are not going to make a very significant asset shift for a short spike," Bielske said.

In Chile, where the economy depends on copper, the country's biggest export, the government and miners have begun to raise the alarm over high prices, saying they could move people to substitute materials.

But some producers are delighted by investor interest in copper.

"There's a lot (of investment fund money) going directly into the metals market. There's even a large amount looking around for any growth opportunities. It's certainly filtering down to the smaller companies like us. It's delightful," said John Greenslade, president of Baja Mining, a Canadian miner that is doing final feasibility studies for a copper-cobalt mine in Mexico.

Greenslade said investors were much more excited than the company had expected over a recent debt issue Baja sold, and he doesn't see funds rushing out of the market.

"I think it's just starting. I don't think it's over. I think you're going to see significantly more activity both at the metal trading side and the stock side," he said.

[nav1000] 06/4/2006 15:25

i think they hav up to june to release them..

[nikesh2] 06/4/2006 15:15

is it sometime in april?

[pinhead3] 06/4/2006 14:18

I emailed CRC to ask when results were due & they said they didn't have a date yet.

[nikesh2] 06/4/2006 10:03

end of year 2-2.50

when are results due? is it in april sometime

[sos100] 06/4/2006 10:01

nikesh,you gave a value of £5,what time frame you looking at, what do you think the share price will be by june and the end of this year?

[nikesh2] 06/4/2006 09:55

wassaper
the two test drills gave results of 8-8.5% isnt this very high!!

[nikesh2] 06/4/2006 08:51

nav1000
i doubt that there are profit takers as everyone who bought was interested in the true value- i.e.5pounds per share

results date will be interesting trying to find the date

[wassapper] 06/4/2006 08:24

ACU and CRC are completely dissimilar except for the copper bit and Africa.

ACU is a greenfield development project that requires a lot of finance (but is nevertheless a good project)

CRC is restarting old proven sites with infrastruture in place that requires modification and bank debt only.

CRC has more proven copper.

CRC has global projects

CRC will be first to produce.

If you are looking for a comparison, CRC is very similar to WTI.

[nav1000] 06/4/2006 01:32

from february.

[nav1000] 06/4/2006 01:19

nikesh2

u expecting a rise tomorrow?

profiting takin etc, doubt it moves.

[nikesh2] 06/4/2006 01:12

simon54
i posted that the mms had large orders to fill
i got this info from a very reliable source
congrats to those who bought yesterday

[simon54] 06/4/2006 01:00

nav1000

Fair enough - as I say, I hold CRC (although it's a small % of my p/f because I consider it to be high risk). I do want to stress the consideration of political risk to anyone who wants to listen, though. Frankly you get a lot of w*nkers on threads like this talking complete cr*p about MMs holding the price down, etc - they're just trading on margin and wanting to pump up their prospects, imo. Run any valuation on CRC and you come up with juicy numbers - that's not in question. But don't bet your house on a share like this, unless you really do think you can get lucky.

Look, I could be posting complete sh*te about "110p tomorrow!", couldn't I?

[nav1000] 06/4/2006 00:43

simon54

just did some research on the countries, ure right the company is volatile, a short cival war in 1997, Botswana even though i havent heard of it so often is democratically elected govt which in one website is stated as a gem of africa, end of the day crc owes 75% of the field, they got agreement with the country, all should be ok.. also if oil co can invest in iraq pre and post Saddam Hussein i see no difference.. copper is least of the peoples worries in congo...