Circle Property Share Discussion Threads

[pinhead3] 10/8/2006 14:28

Addas
Are you going to the AGM?

[addas99] 10/8/2006 09:28

Perhaps we'll hear of the resources upgrade at Hinoba on the 28th, AGM day.
Maybe even the Haib METS report if we're very lucky.
Then a couple of days later election results which surely have the greatest significance!

[lovegod] 08/8/2006 17:36

yo seatbelts on

[nikesh2] 08/8/2006 12:25

think that this is ready to take off again!!
enjoy the ride, think we will be rewarded this month.

[wassapper] 01/8/2006 11:42

Minesite story provides a useful update ....

Copper Resources Going Great Guns In The DRC And The Philippines.

By Jack Hammer

The executive vice chairman of AIM listed Copper Resources, Mitchell Alland, was globe trotting at a hectic rate last week. He was at the company's Kinsenda underground copper mine in the Democratic Republic of Congo at the start of the week, then in Johannesburg mid week to close off a US$32million financing deal, and then back home to Bangkok by Friday. Bangkok is also a useful jumping off point for the one of the company's other major projects ...

free registration required ....

[pinhead3] 31/7/2006 07:39

Well they've got a higher turn out than the UK / US, then again that's not exactly difficult!
'Initial reports spoke of between 50 to 90 per cent electoral turnout.'

Just need the UN to declare them 'free & fair' & then hopefully the rebuilding of the country can begin in.

[pinhead3] 28/7/2006 08:02

Sounds very promising

'DR Congo militias lay down arms

Militiamen will give up arms in exchange for amnesty
One of the last obstacles to peaceful elections in the Democratic Republic of Congo on Sunday has been removed.
The three main militia groups in the troubled eastern province of Ituri have agreed to lay down arms and begin integrating into the Congolese army.

The deal between rebels and the government, it is hoped, will allow tens of thousands of people to vote.

European Union observers are warning of logistical problems ahead of the first fully democratic polls for 40 years.

In a statement on Wednesday, the EU observer mission urged the Electoral Commission to publish the full list of 50,000 polling stations.

DR CONGO POLLS
33 presidential candidates
9,707 parliamentary candidates
25.6m voters


Reporters' log
Some of the locations are not on a clear list and if voters and observers do not know where they are it makes fraud much easier, the EU mission says.

The mission is also worried about the deployment at polling stations of other security forces in addition to police, and has expressed concerns about how the vote count will work.

In Kinshasa, a fire broke out at the compound of one of the main presidential candidates, Jena-Pierre Bemba - who was reported to be campaigning in another part of the capital.

It is unclear what caused the fire or how many injuries there were, but it has now been put out.

Morale boost

The BBC's Karen Allen in eastern DR Congo says that in return for an amnesty from prosecution for crimes against the state, the coalition of three rebel groups, known as the Congolese Revolutionary Movement (MRC), has agreed to facilitate the free movement of people on polling day and eventually become part of the Congolese army.

Will the polls be fair?

She says many refugees are displaced and living in camps or in the jungles.

In the past few weeks tens of thousands of people have fled their homes to escape fighting between the Congolese army and militia in Ituri, a troubled and mineral-rich region.

It is not yet known exactly how routes will be secured to enable people to vote, our correspondent adds.

But Ambassador Haile Menkerios from the UN's peace team, who helped broker the deal, described it as a morale boost to the population ahead of historic elections.

Many of the main presidential candidates are due back in the capital, Kinshasa, on Thursday as their campaigns draw to a close.

Incumbent President Joseph Kabila is the favourite to win the presidential vote in elections described by EU envoy Aldo Ajello as crucial for the continent.

"Congo is not (just) a country, it's almost a continent - it has borders with nine African countries. And peace in Congo means peace in all central Africa. So I think the importance of these elections is evident to everybody," he told the BBC.'

[unionhall] 27/7/2006 17:14

Brakes off then as the company moves towards Annual Revenues of £142m pa . (54k tonnes @$3/lb * 75%).

Production Cash costs of £47m using an inflated cash cost of $1/lb (company quotes $.68/lb.)

Operating profit of £95m.

Plenty of room for some discounting in these numbers....




The plant will treat
1.2 million tonnes of 5.1% grade Kinsenda ore to produce, at full capacity,
54,000 tonnes per annum of contained copper in the form of a rich, 45%
concentrate.

[pinhead3] 27/7/2006 17:08

Nice little tick up today, another positive day on the general markets & we should break out upwards.
Oh & yes the little matter of the elections in the DRC on Sunday!

[trustman] 26/7/2006 21:04

Not much stock about...market bidding above bid.Suggests accumulation.

[unionhall] 26/7/2006 19:25

Yes pinhead - but I think the process in this instance is more important than the result.

If the monitoring agencies in the next few days claim them to be free and fair then the DRC will be deemed to have turned a very large corner regardless of who is elected.

[pinhead3] 26/7/2006 18:35

Results will take at least a couple of months to be counted and ratified.

[unionhall] 26/7/2006 15:06

This really is a quiet thread for such a potential block-buster.

Guess there is little to say until the weekend elections are seen to go well (or not).

[pinhead3] 24/7/2006 11:06

Trustman
IRR Kinsenda is now 96% after the improved terms of the finance were announced back in June.



The biggest risk to Kinsenda is now the political climate in the DRC, positive result from the elections (held next Sunday)& a general cessation of violence in the country is what we need now as the next positive step.
Of course there is a risk that when the mine is dewatered that some unknown factors arise but production in the mid to later stages of next year looking very likely now.

Still plenty of news to come between now & end 2006. METS report Haib (this quarter), dewatering confirmation Kinsenda (by end year) & resources upgrade Hinoba-an (August).

[trustman] 24/7/2006 09:35

Morning all....concentrating again after hols.
Unless I am missing something isn't the confirmation of the $32m loan terrific news......no ramp intended, this is a major investment for me.
We dont know the coupon, and there is an unsettling silence about the small tailings operation, but if this mine is in production in a year's time on an IRR of 67% or anywhere near it, the stock is going to attract more profile.
Others will have a better idea of the likely net margins.....and transport costs must be a factor, but I would imagine it will only take a year or two of earnings to match the fully diluted market cap.This seems an anomaly that the market will resolve in a positive way! T.

[ohimbo] 23/7/2006 15:51

Womans prerogative!

[pinhead3] 23/7/2006 11:18

'South Africa: Nine Days To DRC Elections And The Country Says It's Ready

BuaNews (Tshwane)

July 21, 2006
Posted to the web July 21, 2006

Sello Tang And Silindiwe Dube
Tshwane

Logistical requirements for the elections in the Democratic Republic of Congo (DRC) are well in place, ahead of the voting on July 30.

DRC Independent Electoral Commission (IE) chairperson, the Reverend Muholongo Malumalu has confirmed that parliamentary elections will be held as scheduled, noting that voting material, including ballot papers have been received and ready for use.

The Reverend Malumalu also expressed appreciation to the South African government for the support it had provided in preparing for the elections, the first in 40 years.

He paid special tribute to President Thabo Mbeki and his government for "staying the course in the DRC despite enormous odds".

He also thanked IEC chairperson Dr Brigalia Bam and her team for helping his country prepare for the elections.

South Africa has contributed paper for the printing of the ballot papers and has also helped distribute voting papers to 14 hubs in the DRC.

According to South Africa's Foreign Affairs Department, a 128-member observer mission from the country has been deployed in the DRC with the latest group of 118 members having left on Wednesday.

The Reverend Malumalu said that about 4000 national and 1500 international observers were already in the country to monitor the process.

About 70 international media representatives were also there to cover the elections.

Other logistical needs South Africa has provided to the country include about 300 personnel to assist in setting up information technology requirements.

Safety and Security Minister Charles Nqakula, who is leading the observer mission, will be travelling between the country and the DRC throughout the elections to monitor the situation.

The observer mission's participation there comes within the context of South Africa's commitment to resolve conflicts on the African continent and establish democratic institutions.

A few members of the SA Observer Mission will remain in the DRC until August 15 to observe the final outcome of the counting process.

The SA defence force together with the United Nations (UN) security forces, have been operating in the DRC for some time now to ensure peace and stability in that country.

Several members of the SA Police Service (SAPS) have also been deployed there to beef up security towards and during the elections

[addas99] 21/7/2006 18:04

wassapper, as one who values your opinions, and apologies for curiosity, but sitting on sidelines 'as in temporarily out'? If so, why change of tack?

[wassapper] 21/7/2006 08:27

I don't think there will be much more unless they do another new deal. The elecetions if successful may help a little. Personally I am waiting on the sidelines for while.

[unionhall] 21/7/2006 08:26

Satisfactory election result followed by dewatering result and further confirmation Kinsenda is on track to be producing in about 12 months, I'd guess.

[pinhead3] 21/7/2006 08:24

I'm just wondering what it's going to take to get the share price moving again this year.
METS survey for Haib, the resource upgrade on Hinoba-an or the completion of the dewatering at Kinsenda?

[unionhall] 21/7/2006 08:13

pinhead - think Congo will be by far the biggest given the very high grades of copper and the rate of return. It will have lowest costs, financing requirements and well able to withstand any drop in commodity prices. Easy money as long as the elections help cement political peace. In any case - lets not argue - just rejoice.

[pinhead3] 21/7/2006 08:05

Hinoba-an & Haib are longer term plays in that the bankable schedules won't be finished until next year, however it is Hinoba-an that is going to be biggest single project for CRC.
After that there is Misoshi, Lubembe & the as yet unnamed identified site owned by MMK.

[unionhall] 21/7/2006 08:01

hinoba and haib seem to be longer term sideshows to me.

this funding agreement is excellent news that CRC is heading for near-term production of 5% copper giving 50k tonnes a year. And at a projected IRR of 67%. With an additional potential rich resource just identified ajacent to Kinsenda this is due to head upwards some day soon....