Circle Property Share Discussion Threads

[badgerry] 21/3/2007 19:48

The share price has consolidated and now appears to be starting its next upward phase. I still think when more people look at this we will see some serious gains. Time to buy more IMHO.

[doverbeach] 16/3/2007 08:21

delayed reaction to ANTO & FQM's comments outlook for copper in their results on Wed?

[trustman] 15/3/2007 23:23

Good move.....no news?

[addas99] 04/3/2007 20:31

Many thanks drewz..looks like this years exempt allowance will go begging once more..:-(

[drewz] 03/3/2007 12:54

addas,

procedure is:

1. calculate capital gains for tax year net of losses booked in year

2. deduct allowable losses brought forward from previous tax years

3. if any cap gains still remain, deduct annual exempt allowance of £8800.

4. balance remaining is then subject to tax

[addas99] 03/3/2007 08:36

pinhead, knowing your profession I'd appreciate your advice on a CGT point.
If I decide to book any dealing profits in this tax year are they deducted from this year's allowance or firstly deducted from capital losses previously registered and brought forward?
Am a little out of practice dealing with gains!
t.i.a.

[drewz] 01/3/2007 14:55

LONDON (AFX) - Copper rose as the market recovered from this week's sharp
declines, which were prompted by a global market sell off following the plunge
in the Chinese stock market on Tuesday.

At 12.09 pm, LME copper for three month delivery was up at 6,130 usd a tonne
against 6,015 usd at yesterday's close. Tariq Salaria, an analyst at Standard Chartered Bank, said metals have recovered as the market realises the sell off in the Chinese market was simply a correction from overbought conditions.
He added copper was also benefiting from a trend towards falling inventories, which seem to indicate the Chinese have returned to the market this year as buyers.

The LME said in a daily report earlier copper stocks held in its warehouses
dropped by 2,575 tonnes to total 205,400 tonnes. Stocks have now fallen for four days running.

Meanwhile, Chinese imports continue to rise. Data out in China yesterday
showed imports of refined copper jumped an annual 86.3 pct in January to 131,851 tonnes.

"Stability is returning to the metals markets which, together with further
falls in LME stocks this morning ... should see buyers nibbling away on the
belief that current price levels are attractive," said UBS Investment Bank
analyst Robin Bhar

[drewz] 01/3/2007 00:37

That's often the trouble with being invested in miners in the early years - the market value (by capitalisation) goes up and up, but the share price goes nowhere, simply because they need to keep raising money issuing new shares and taking on debt to get the projects up and running.

Eventually though the cash flow kicks in and accumulates, shares are bought back and cancelled, and investors are in clover. That's the theory anyway.

Shame is that only a small number ever seem to make it through to the big time. So many run out of money and fold, or are folded into another with deeper pockets. There aren't many who go on as independent miners to become 10 or 20 baggers, like First Quantum or Aquarius Platinum. Perhaps CRC will be one. And RDG, and ACU.

[drewz] 26/2/2007 23:49

100p by July then, so long as copper prices stay firm.


free stock charts from www.advfn.com

[spacecowboy3] 26/2/2007 09:48

Kimboy2

Thanks for that - it will be good to see the feasibility study.

Anyway, never mind the small changes in the FS numbers. I guess the major point today is that CRC are now fully funded to get Kinsenda back into production - with the funds being raised at a relatively small discount to the market price.

[kimboy2] 26/2/2007 09:28

The forecast production has gone up slightly from 54kt to 57kt which may account for some of the change in numbers.

I was told by the company that the feasibility study would be on the website by the end of the month.

[spacecowboy3] 26/2/2007 08:28

Pinhead

Yes - interesting that NPV has fallen slightly but IRR has increased from 67% to 80%. I'd need to play with my NPV model to see how that happens but my first guess is that they've probably used higher Cu prices for the first few years? Quite a hike in the CAPEX from $38m to $47m.

IIRC the last date given for the restart of production was Q3/07 so not too much slippage compared to that.

Anyway, assuming that production does start in Sept/Oct and that Cu prices are anywhere near where they are now, Kinsenda should be quite a nice source of cashflow by the end of the year :-)

sc

[addas99] 23/2/2007 17:33

JPM's growing interest (unannounced) was probably behind the two earlier price surges when we thought imminent progress news must be the reason for the rise.
Good to see their level of involvement increasing, adds weight to insti %.

[pinhead5] 23/2/2007 16:53

Someone must have been desperate to buy to pay 88.3p for 36K above the offer.
Interesting M & B trades today, I wonder if something's brewing.

[pinhead5] 23/2/2007 16:52

JPM have reached 5%. They never notified when they reached 3%, they can't be refering to the 'Chase Nominees' holding in the last accounts which was 11.19%.

The notification of holding has always been poor on CRC. I did ask the company last year about it but unfortunately they are reliant on the shareholders to notify them. I guess they must contact the registrar for the accounts notification which appears to be the only time you can rely on the holdings disclosed.

[addas99] 23/2/2007 14:57

We're off again in the right direction...JPM, rising copper prices, sniff of news from Kinsenda?
Who cares so long as it continues north to £1 plus (where it should rightfully be)!

[addas99] 20/2/2007 19:43

408 sell, 50000 buy.
Bid down 2p on day.
Farcical.

[pinhead3] 13/2/2007 19:37

Thanks for the update addas, not the news we were waiting but hopefully with a fully compliant report it was speed up the feasibilty work.
Perhaps the new partners have insisted on a fully compliant report?

[addas99] 13/2/2007 08:46

On enquiring as to what has happened to Hinoba RU recvd this reply:

"The work we have done to date, including drilling and evaluation, has been JORC-compliant only some of the evaluation was made by an independent consultant. The resource estimate that we were working on is now going to be made completely JORC-compliant by a full review, including site visit (as required for JORC compliance) by a top-ranking independent consultant, which will take 5-7 weeks, depending on consultant availability. We'll issue the fully compliant JORC resource statement as soon as it is available."

Looks like the end of March then, most likely worth the extra wait as the added strength to the news will carry greater impact.