Finders Resources Share Discussion Threads

[coffeelito] 04/3/2010 11:43

According to Stockopedia: "Finders Resources Ltdis engaged in the exploration and development of mineral projects in the Asia-Pacific region, notably its existing 61% owned Wetar Copper Project and 72% owned Ojolali Gold-Silver Project."

Has that shared ownership been factored into people's financial forecasts on this board ?

Also, the market cap figure here on this thread is c. £22m, but when I look on the FND website or Stockopedia it seems to be higher (and I'm factoring in the £ to Aus. $ exchange rate). Stockopedia says its market cap is £36m.

[chipperfrd] 04/3/2010 10:55

It is quite amazing how the markets in Oz and London have completely ignored this stock. I know that their actual production of copper cathode is currently very low from their demo plant, but their phase1/2 plans for expansion appear very do'able and under the circumstances I would have thought more interest was fully justified.

I really like DME and expect great things from that stock going forward, but on a 2-year and 3-year view I actually calculate a greater upside from FND on pure earnings potential.

I have certainly found myself in similar positions in years gone by, so I am not particularly bothered by this hiatus - but it is rather puzzling!
Chip

[someuwin] 04/3/2010 09:59

Kazakhmys CEO: Copper Demand To Outstrip Supply In Coming Years

LONDON (Dow Jones)
Kazakhmys PLC (KAZ.LN), Kazakhstan's biggest copper producer, expects copper demand will remain robust in the years to come and will outstrip supply in the near term, the chief executive officer of the company said Thursday.

"We are strong believers in copper price. The next decade is the copper decade," said Oleg Novachuk during a conference call regarding the company's preliminary full year 2009 results. "After the crisis, not too many [high cost mines] will continue. Demand for copper is growing, population is growing, and the application [of copper]...is increasing," he said.

[coffeelito] 03/3/2010 14:58

Plenty available today at 20.22, the offer not rising despite more buying .. is there a seller in the wings?

[coffeelito] 01/3/2010 15:57

For some time recently the spread on FND was listed as 17-22, then last week it closed a touch to 18-22. Today, after someone has just bought 75,000 and someone else sold about 45,000 the listing changed to 18-21. Now, in reality you have been able to buy recently at about 20.4 to 21.7 depending on the quantity. So what does it mean the the offer price is suddenly dropped, which on the chart will make it look like today was a down day for FND ? This kind of chicanery always frustrates me about Aim shares since the chart will simply be wrong when it looks like today was a dip in the price !

Update: my dummy trade just now for 10k shares (selftrade) shows 18-20.7 .. ie the bid price has stayed the same and the offer price has in fact gone up a touch, since I was the buyer today of (another) 75,000 shares, all of which were bought in tranches of 25,000 and for which I paid 20.48 for two of them and 20.4 for the third and final one.

So we have the listed price going one way (down) while the actual price is going up. Typical nonsense from the Aim market.

Update 2: Just did a dummy buy of under £380 and the offer was 20.7 with a bid of 18.2.

Says it all !

[hectorp] 28/2/2010 19:19

I also filtered him some time back.

I'm a shareholder , have been for a couple of months.
I propose we will be back on track towards 40p in the coming year, the company is in a very good position and I think is underrepresented by posters that we know. Not always a bad thing.
H

[jonny flame] 28/2/2010 11:03

Sunday, 28 Feb 2010 - According to China Natixis, base metals will rally this year as funds are set to maintain their buy side bias, while strong Chinese growth will overshadow lackluster growth in mature economies.....

....On copper MCU3, the bellwether metal that gained a stunning 140% in 2009, Natixis expects the market to move from an estimated surplus of 393,000 tonnes in 2009 to a deficit of 142,000 tonnes in 2010.

The bank said that as a result of the improving fundamentals, we expect prices to average USD 7,885 per tonne over 2010. The tightness will remain for the foreseeable future and we forecast prices in 2011, averaging USD 8,476 per tonne.

[coffeelito] 21/2/2010 11:11

cp30 - filtered exclamation mark

[p3dr036] 20/2/2010 16:07

CyprusSteve - just use the filter button. It saves time in th elong run!

[coffeelito] 20/2/2010 15:52

If I have provoked jonni to temper his enthusiasm with a note of caution in future postings then I have done this board a service. No need for feeling "ashamed" etc., need to take the emotion out of it. People here to make money not pretend we are all best buddies when we have never met in real life and probably never will.

[jonny flame] 20/2/2010 13:15

I have updated the header, I have also added a 1 yr copper chart.



"Our view remains that copper prices will remain very strong and move to $8,000/t in the short term, owing to strong Chinese demand and a modest recovery in ex-Chinese demand. Zinc prices are also expected to remain strong in the short term, with the Chinese arbitrage opening, the global auto sector recovery continuing and the potential for significant supply disruption (Red Dog) all set to keep prices high in first half 2010".



Just for the record I first bought into FND last April, so almost been holding for a year now. I'll be holding these for a few more years yet, anyone who doubts that is welcome to check back in here in 2011 & 2012. The same goes for my DME holding, which I have recently built up.

As Warren Buffet once said "The stock market is simply the transfer of wealth from the impatient to the patient".

[clearsoup] 19/2/2010 18:24

tsk tsk
The longer the view, the more it is necessary to factor in concerns about a break in the copper price up-trend: obviously a damper on FND. That said, I think there is genuine value here, and that management can be trusted to deliver. More than can be said of much Aim paper. No point in selling, especially given the foul spread.

[coffeelito] 19/2/2010 14:52

p3dr036 "ungentlemanly" ?! I should hope so !

[jonny flame] 19/2/2010 13:22

coffeelito - filtered.

[p3dr036] 19/2/2010 13:13

coffeelito - 19 Feb'10 - 12:03 - 361 of 361 (Filtered)

For rudeness and ungentlemanly conduct and for being boring and for just being!

[coffeelito] 19/2/2010 12:03

"Most people on here have you on filter" - more sloppy research from you jonno ? In the long run we're all dead, Keynes .. if i had a penny for every punter waffling on about being in it for the long term I'd be a very rich woman today !

[jonny flame] 19/2/2010 11:34

coffeelito - what tosh, no humble pie eating for me at all, I'm not a short term trader here, buying and holding for the long term. Most people on here have you on filter as you offer no informative posts whatsover. Very happy with my FND holding. DYOR. Anyone with an investment view longer than a few months should be able to see the potential here.
Regards, JF
P.S. it's a cop out to blame others if you are unhappy about you're own investment decisions.

[coffeelito] 19/2/2010 11:12

well chip, once again good ol' Mr. Market was ahead of us, anticipating this greater dilution of equity, the share is becalmed and untradable in any large size. Jonny flamingo, perhaps eat a little humble pie and stop with the cheerleading. It's a cop(per) out to say 2010 was always going to be the year for accumulating, that's what investors say when it's not gone according to plan. I'm in FND, partly because of jonny's cheerleading, now regretting it, can't even get my money out without paying a fortune to the effing market makers.

[chipperfrd] 19/2/2010 09:40

JF,

Actually they are proposing a larger output of cathode from the demo plant (up to 7,000tpa from the 5,000tpa they had previously stated under phase1).

But instead of raising the CAPEX in two tranches (phase1 then phase2) they appear to be now saying they intend to raise it all together.

I adjusted my model a bit to allow another 3 months for them to ramp up to the 7,000tpa rate and a consequently later date for them to reach 23,000tpa.

My main concern now is that they will now need to place more equity at a lower share price rather than raising a relatively small amount to cover the $12m demo plant expansion followed a year later by the proportion of the $91m required for the main plant expansion.
Chip

[jonny flame] 19/2/2010 09:24

Thanks for that someuwin, I have added the presentation to the header. I will update the header a bit more this weekend as some info is slightly out of date now.

Nothing new in the presentation, steady as she goes, it does show the company have a clear strategy and I like the way the expansion of the demo plant (stage 1) will derisk stage 2 in a number of ways. Nothing so far to stop me thinking that FND have a great long term future and are undervalued and ignored by the wider market.

Chip et al, any thoughts?

[someuwin] 19/2/2010 09:02

AIM Release

Finders Resources Ltd (Finders) today made an investor presentation.

The presentation provides a summary of Finders activities and is available for
download from our website at



.

19 February 2010

For further information please contact

Finders Resources Ltd:

Russell Fountain Non-Executive Chairman [phone]

Chris Farmer Managing Director
[e-mail]

[jonny flame] 15/2/2010 18:08

By Rachel Graham and Jae Hur

Feb. 15 (Bloomberg) -- Copper climbed in London as accelerating growth in Japan, the world's fourth-largest consumer of the metal, may support demand for metals.

Japan's gross domestic product grew at an annual 4.6 percent pace in the fourth quarter, the Cabinet Office said in Tokyo today, more than the 3.5 percent median estimate of economists surveyed by Bloomberg News. The price of copper more than doubled last year on forecasts for economic growth.

"One positive thing for the bulls was the Japanese GDP data," said David Thurtell, a Citigroup Inc. analyst in London. Japan is a "significant" consumer of copper, he said......

Reduced copper imports by China will be more than offset by purchases from other buyers as the global market moves into deficit, according to Macquarie Group Ltd.

"The decline in Chinese imports of 546,000 tons we forecast this year will be more than offset by rising demand elsewhere," Macquarie analysts including Colin Hamilton wrote in a weekly report. "The 2010 market balance is a deficit of 300,000 to 400,000 tons following last year's surplus."....