Share Name Share Symbol Market Type Share ISIN Share Description
First Quantum LSE:FQM London Ordinary Share CA3359341052 COM SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 450.625 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1,831.08 -62.44 -52.26 3,073
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 450.625 GBX

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28/7/201616:20First Quantum Minerals315
01/6/201609:48First Quantum Minerals 201527
12/8/201020:52Who is buying this share?2
12/1/201015:35First Quantum Minerals Limited TSE/AIM FQM239

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mustau: Was telephoned by my broker this am telling to sell out as the share price would drop considerably as the company was delisting from London, refused stating pro's, hope I'm proved correct. Presently heading in the wrong direction, drop of 1.20 in 4 days. Lol
jeffcranbounre: First Quantum Minerals is featured in today's ADVFN podcast. You can listen to the podcast by clicking here> In today's podcast: - Technical Analyst and PR at Zak Mir chatting and charting Quindell, Gulf Keystone Petroleum, Tesco, Royal Mail, Anite and Blur. Zak on Twitter is @ZaksTradingCafe - The micro and macro news - Plus the broker forecasts   Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
leedskier: It is probably the most loved (copper) mining share in Canada. The ticker there is TSE:FM. I own it along with ELR. In London irrespective of how many are traded, it tracks the Canadian share price, adjusted at the open of the TSE daily. The advantage of this share is that the CAD has travelled vertically against the GBP and it adds to the value.
routers: might see another rise in the share price from next week due to an analyst tour of copperbelt,zambia and democratic republic of congo from oct 1-5.
bucho: Dr Bob Hope, FQM is not a share for PIs, and therefore not the most popular on ADVFN. PIs don't like shares that have such a high price per share. If a PI has £2k to invest, he wants more than 65 shares. I know it doesn't make sense to think like that, but that is a fact. FQM is mainly held by institutions. It doesn't matter to FQM that PIs are not interested in them. They are doing perfectly well without the PIs. When they are rewarded by a rising share price, institutional holders are longer term holders and are much more supportive of management than PIs would be. I, for one, check this ADVFN thread occasionally in order to have my attention drawn to articles about FQM that I might not have seen before, and I am pleased that this thread doesn't have the idiotic comments and banter that other threads have. It is not necessarily the case that the greater the number of posts on a thread, the better the thread! Bucho
bucho: My predictions are: 1) that FQM's bid at 1 for 14.76 will fail on 31 March. FQM will not achieve 50.1% of AAA. 2) however, they will get enough acceptances to encourage them to pay more to get up to 50.1%. 3) on 31 March, FQM will extend their bid deadline. 4) FQM will increase their bid to 1 FQM share for every 12 AAA shares (but perhaps after 31 March). Bucho
gardenboy: Date: July 26, 2005 First Quantum Develops New Mines To Gain Maximum Exposure To Copper Price. As our London Correspondent reported in our regular feature That Was The Week, the drawdown of what is left of the world's copper stockpiles continued last week and commentators are starting to wonder what will happen when there simply is no more metal available. The net result is that brokers have been upgrading their earnings forecasts and target prices for copper producers and the larger miners are now mostly trading at or very close to record levels. First Quantum Minerals, which is listed on both Toronto and AIM was not ignored and its 8 per cent rise in share price was behind the continuing resilience of London's junior/mid tier mining sector. It is impossible at this stage to make any great judgement about the revaluation of the Chinese currency, but it is hardly likely to reduce the appetite for copper. A number of brokers have now raised their annual copper price forecasts to around US$1.35/lb and this anticipates an approximate price of at least US$1.25/lb through the second half of the year. As a result of this Numis Securities has upgraded the earnings of First Quantum by nearly 15 per cent to US$158 million which may have catalysed the share price rise. Back in April the company started production at the large Kansanshi copper-gold mine in Zambia to add to that from Lonshi/Bwana Mkuba. This came after six months of commissioning, during which it produced 6,792 tonnes of copper in concentrate and 1,941 tonnes of finished copper cathode. The original feasibility study for Kansanshi was based on the treatment of 4 million tonnes of oxide ore and 2 million tonnes of sulphide ore. Since then there have been changes to the sulphide milling circuit which should double throughput of the sulphide ore. The result is that production should now average 145,000 tonnes of finished copper production per year during the period of 2006-2009. First Quantum has also purchased a complete second-hand pressure oxidation facility which is being transported to Kansanshi. Apart from aiding production of concentrate from sulphide ore, this facility will also generate much of the acid required for oxide leaching and improve copper recovery in mixed ores. Not many tricks are missed by this company which has an enviable reputation for very rapid and low cost mine production. Even now First Quantum is said to be earning around US$0.5 million of net profit per day from Kansanshi at the current copper price where it has the additional advantage that half the copper ore does not need blasting. It also expects to bring the new Guleb Moghrein copper mine in Mauritania into production by the end of this year in a move which takes it away from the Zambian copper belt and the nearby border with DRC. Construction is now underway and the target is production at a rate of 30,000 tonnes/year copper and 50,000 ozs/year gold. A new resource/reserve estimate will be announced shortly. Further on down the production track there is the Frontier mine just over the Zambian border in DRC. Its used to be called Lufua and the latest news is that the total copper resource in the measured and indicated categories is 161 million tonnes at an average grade of 1.71 g/t copper of which 13 per cent is oxide ore. A 0.5% copper cut-off was used and the contained copper amounts to 1.88 million tonnes. This is an 84 per cent increase compared with the estimate made in May 2004 and there is an additional cobalt inferred resource within the copper resource. However Clive Newall, president of the company, makes the point that the classification of the cobalt has been reduced from indicated to inferred and this has reduced the tonnage. An engineering study is underway and there is every chance that this could become yet another mine for First Quantum, possibly by 2007, at an anticipated rate of 70,000 tonnes of copper /year. The company provides excellent exposure to the copper price and has made a great success out of developing mines which are just too small for the majors. The company has a great track record in Africa where it has established its expertise in the solvent-extraction/electro-winning (SX/EW) technology to treat oxide copper ores. In addition its current exploration programmes hold plenty of potential and Clive Newall has indicated that further news may not be far off.
wirralowl: From Stockhouse bullboards, FQM mentioned as a top pick (2nd paragraph from end) : WINNIPEG (GlobeinvestorGOLD) - Robert Cohen's resource companies have delivered a virtuoso performance in the past year. His $23-million Dynamic Global Resource Fund returned 88.1 per cent for the 12 months ended Feb. 29, 2004, more than twice the 40.0-per-cent return of other natural resources funds in the period. For Mr. Cohen, who has run the 10-year-old fund since November, 2000, it was a pleasant reversal of fortune. The fund had been a below-average performer for seven of the last nine years. "Last year was exceptional," Mr. Cohen said. "We decided to overweight precious metals and to underweight oil, gas and forest products. The economic environment we were in (through) 2001 and 2002 showed that the U.S. dollar was topping out and beginning to fall and that gold did not yet have a lot of investor attention. The tumbling U.S. dollar combined with Chinese demand for metals drove a lot of the performance. And our stocks offered a lot of value." Canico Resource Corp. is a Vancouver-based company that is developing a nickel mine in north-central Brazil. Mr. Cohen holds shares purchased at an average cost of $1.50 including a warrant that was exercised at $1.70. The shares have recently traded at $12.61. The new mine, atop one of the world's largest deposits of nickel, should be producing by the end of 2006. By then its output will be about 15 per cent of what Inco Ltd. currently produces, he said. Canico currently has no cash flow, but it should be able to generate cash flow of $5.63 per share for 2007, and shares could trade at $50 by the end of 2007, he said. First Quantum Minerals Ltd. is a Vancouver-based copper miner. Mr. Cohen bought shares at an average cost of $3.95. They have recently traded at $14.97. The company operates in border regions shared by Zambia and the Democratic Republic of the Congo. In that region, it has an active mine, another in development, and one more in the planning stage, he notes. First Quantum's free cash flow for the year ended Dec. 31, 2005 should rise to $3.20 from $1.39 a year earlier, and within 12 months shares could trade at $26, he said. Crystallex International Corp. is a Vancouver-based developer of a gold mine at Las Cristinas, Venezuela. Shares purchased at an average cost of $3.45 earlier this year have recently traded at $3.90. The Venezuelan site provides Crystallex with exposure to the mine's estimated 10.2-million-ounce deposit of gold at a cost of $120 (U.S.) per ounce, Mr. Cohen said. If gold holds at $400 an ounce, the mine should produce $60-million (U.S.) per year free cash, equal to 24 cents a share (Canadian). By the end of 2006, the share price should rise to $14, he said.
rambutan2: from minesite... London's AIM Market Is Failing To Give First Quantum The Backing Its Achievements Merit. First Quantum obtained a secondary listing on AIM early in 2001. At the time the share price was under C$4. The company is now trading at C$10.80, but as Clive Newall, president of the company, pointed out at a presentation in London today, virtually none of the trade takes place here. Canaccord (Europe) are brokers to the company, but runs into the constant problem that announcements are made by the company to Canadian timing as that is where the primary listing resides. Thus it is Greg Barnes of Canaccord Capital who writes the investment notes rather than Mike Jones over here. In fact no London analysts follow the company despite the fact that it is now capitalised at over C$500 million. This is a problem that seems to recur with mid tier mining companies which take secondary listings on Aim or, for that matter, on the main board. Analysts follow the trade and the trade is where the primary listing resides. A telephone to the Stock Exchange to seek a reaction ran into the buffers as Simon Brickles, head of AIM, has given in his notice. Going off to seek pastures new, as they say, and it is not quite clear if all is sweetness and light. He does not actually leave until the new year and if a replacement has not been found until then the job will be covered by David Shrimpton who is head of market operations for the LSE, or Tracey Pierce who works on the UK side of AIM according to a spokesman. Maybe the number of shindigs around the world to attract overseas to the 'new, quick, cheap route to an AIM listing' will diminish. In the meantime it is up to the retail brokers to start showing a bit more interest in the resource sector. It is they who can generate trade and analysts will then appear out of the woodwork. First, however, the financial pages of the newspapers have to catch on to what is happening to commodity prices and the mining sector as this will stimulate retail demand. At the First Quantum presentation the only pure retail broker was Dryden Finance which is an arm of the mighty Pru. It has to be said that Brown Shipley and WH Ireland were also present, but they both straddle the institutional/retail fence. It is sad for private investors that they are not kept up to speed with class companies like First Quantum. They may have gathered that copper has powered through US$2,000/tonne, helped by demand from China, but there are no other pure copper producers listed in London apart from Antofagasta which is on the main board and it is First Quantum's ambition to overtake the big Chilean producer. This it may succeed in achieving in time and things are certainly going in its favour. At the moment it is producing copper and sulphuric acid from its Bwana Mkuba mine in Zambia which is currently being upgraded so that it can accept ore from the Lonshi deposit which is just over the border in the Democratic Republic of Congo.. This expansion should be completed before the end of this year and production is expected to rise from 10,000 tonnes of payable copper to 30,000 tonnes/year. In fact early results indicate that production could be over 35,000 tonnes/year as it is performing above nameplate capacity. The expanded mine will be highly profitable as it is reckoned that cash costs will be well below US$0.30 cents/lb, helped by sales of sulphuric acid, compared with the present copper price of US$0.92 cents/lb. The next phase of production growth will follow very quickly as the 80 per cent owned Kansanshi copper-gold project could be in production next year. This mine is expected to produce around 90,000 tonnes of copper as well as some gold in the first two years of production and then settle at 110,000 tonnes for the next 15 years. The presence of gold differentiates it from other mines in the copper belt and experience gained at Bwana Mkuba has played a significant part in the design of the plant. Again, cash costs are expected to be around US$0.35 cents/lb to give a profit margin of over US$0.50 cents so there should not be too much problem in raising the US$155 million required to initiate the first phase of production from oxide ore. Together these two projects are milch cows of a premier league and First Quantum is maximising production from them at an enviable moment in the copper price cycle. In addition, however, the company has a very big and highly prospective land position along the Zambia/DRC border. Recently a copper discovery has been made at a copper prospect called Lufua in DRC which is only 45 kilometres from Bwana Mkuba.. It is early days, but it has the size and grade to be another Kansanshi. The only difference is that the ore is mostly sulphide, but this is no major problem as copper concentrate could be treated by the smelting and refining capacity just across the border. First Quantum therefore, has a lot going for it and it is a pity that London's AIM market is not giving it value for having a listing over here. HERE HERE!
rambutan2: Oops, didnt mean to post the whole list. Here is minesites take on the report and FQMs position: Date : October 25, 2002 United Nations Appears To Have Skimped on Homework Before Accusing Companies Of Violating OECD Guidelines. It looks as if the United Nations Security Council has gone crashing into the Democratic Republic of Congo in its size 15 boots just at the wrong time. No one ever thought it was going to be easy to broker peace in the country as there had just been too many warring factions there with forces from Rwanda, Uganda and Zimbabwe all involved for their own good. Needless to say the withdrawals are not going to plan despite the best endeavours of President Joseph Kabila and his government who have now gained the support of the World Bank. These are difficult times, therefore, and it seems particularly insensitive of the UNSC to come out with a recommendation that financial sanctions be imposed on no less than twenty nine companies operating there. Sure, there are bound to be some bad eggs operating in a country destabilised by a long civil war, particularly if the country is as rich in metals and minerals as the DRC, but it is usually better to check facts rather than shoot from the hip. And the United Nations has done itself no favours in terms of maintaining credibility among the companies named in its Annex 3 as having violated OECD Guidelines for multinationals in the course of operations in the DRC. Facts have to be checked and double-checked if companies are going to be accused of such misdemeanours. A case in point is First Quantum Minerals, listed on Toronto and the AIM market, which was accused of offering bribes to secure rights to the Kolwezi tailings in the following terms "First Quantum offered a down payment to the State of US$100 million, cash payments and shares held in Trust for Governmental officials. The FQM share offer to those officials was premised on a sharp rise in its share price once it was announced that it had secured some of the most valuable mineral concessions in the DRC". Philip Pascall, chairman and CEO of First Quantum, hardly drew breath before firing back the following response. "First Quantum would like to point out that the information contained within the Report is factually incorrect and that all allegations included or implied within the Report are categorically refuted. Furthermore, the Company is concerned that the United Nations would publish such baseless allegations before substantiating the facts with First Quantum representatives. First Quantum intends to pursue, by all means available, a full retraction of the allegations contained within the Report" This is not the reply of a man fearing there are any skeletons in the First Quantum cupboard and further details have followed, including a denial that First Quantum was ever involved in bidding for any part of the Kolwezi tailings project. As Pascall points out, what First Quantum bid US$100 million for was the Group West mines which were the subject of a major public tender that attracted a large number of mining companies back in 1997. The tenders were opened in front of all the bidders in a properly conducted official procedure in Belgium and the Group West mines were eventually awarded to the Group West consortium which was made up of a number of mining companies including FQM, Anglo American, BHP Billiton, Noranda and a number of others. Clearly the lawyers are going to make hay out of this one as First Quantum is demanding to see what documentary evidence the UN has to back its allegations. Even more bizarre is the preponderance of blue chip companies among the total of eighty five accused of violating the said OECD guidelines. It certainly must have come as a bolt out of the blue for the South African company Zincor to see its name there as it claims never to have had anything to do with the DRC. Anglo American is also spitting blood about having its name mentioned because, as a director said in an interview with a South African radio programme, "we've had no operations in the DRC , or Zaire as it was formerly, for decades." This statement, however, is somewhat at odds with the fact that Anglo American, or rather its subsidiary Anglo Base Metals, pulled out of a joint venture with the Canadian junior, America Mineral Fields, on the Kolwezi copper/cobalt tailings deposits only this summer. Yes, the very same Kolwezi deposits that First Quantum is said by the United Nations to have bid for. At this stage it hardly takes a brain surgeon to suspect that the homework that preceded this report must have been a bit sketchy to say the least. But this will not calm the big boys such as Ashanti Goldfields, Barclays Bank, Bayer AG, Cabot Corporation and Standard Chartered Bank who all get a mention. They cannot simply ignore such an accusation and it is even more difficult for the juniors involved in legitimate operations in the country. Bernie Pryor, chief operations officer of America Minerals Fields said, "we are extremely upset to be mentioned in this report. We have been given no information regarding the allegations and the UN Panel has made no effort to contact us." It is now up to the United Nations to produce the facts or else come out with abject apologies. And quickly.
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