Investika Di Share Discussion Threads

[strow] 23/4/2008 12:47

ng-what makes you think it was a buy?it was marked on the bid price at the time-are you suggesting it was delayed reporting or that there was no way it could have been anything else given the price rise?

[nghomi] 23/4/2008 12:43

strow, after that 190k buy, I have to disagree! It would not be surprising that we get a bid for either BNC or TMC. I would be very upset if we get less than £5 per share for TMC if this is the case.

[strow] 23/4/2008 09:47

Well it didnt move in oz last night after tmcs rise yesterday,so my guess just english mms doing their usual thing

[powwow] 23/4/2008 09:45

wonder if this will do the same as tmc but a day behind... stay at 1.25 today and go to 1.50 tomorrow.

[nghomi] 22/4/2008 23:06

Apparanlty, copper could hit $8/lb before this bull cycle ends according to an expert who was interviewed by bloomberg last night. I actually like the new focus in IVK and in fact I would support the re-naming to Nasata Mining too. The sooner we dump UMC the better imo. The way I see the company strategy is that CK wants to control a signiifcant mining player. Realistically, the first step is making the copper project a success. In comparison, it is a much smaller ball game than BNC. The copper price and stock pile are also in favour of potential substantial support for this project once BFS is completed. We are only six months away from a significant re-rating in the share price imo. Do not forget that at $8/lb, we are potentially talking about $800m NPV. :-)

[strow] 22/4/2008 17:35

Something to do with the overhang is my guess-a lot of stocks will be left in an overhang situation from the last 6 months of mayhem,hence why any buying just effectively goes to mopping up the overhang of previously sold shares,whereas any further sells in an overhang situation are likely to take it lower,until such time as the overhang is cleared,then we are on an even playing field again-such situations can be used to advantage if one is looking to build a position without moving the price against you too much

[pollysmate] 22/4/2008 17:08

Why is it with this that on some days a couple of hundred are sold and shares marked down sharply and today few thousand mostly buys and they don't go up?

[domwilliams] 22/4/2008 11:08

TMC has just shot up 23p. IVK hasn't moved so could buy before the lag is corrected. GL.

[nghomi] 21/4/2008 21:09

strow, (post 1024)

I am not an expert so I do not know the answer to your questions. I would appreciate if you post your findings with regards to your questions.

However, one point is that NPV was based on $1.65/lb copper prices. According to this article


the copper price is likely to hit $6/lb. Looking at the copper stock dropping at the moment and $4/lb being tested, I would not be surprised to see a breakout in copper prices shortly. Hence a fourfold difference between NPV calculation. Moreover, you need to add Las Nipas value to this equation. So we are probably talking about well in excess of $600m NPV imo.

[peroman] 21/4/2008 10:17

JTC
thanks!

[jtcod] 21/4/2008 10:04

75% to take it off the market and become private. 90% to force you to sell.

[peroman] 21/4/2008 10:03

JTC et al
I see also some directors are to resign. What's the possibility of PIs being squeezed out?
What percentage does CK with his aides and proxies hold? Is there any remote possibility that this could be done? Is the threshold needed for such a decision 90% or 75%? share price is quite low and we know the stock is tightly held with entities close to CK?
Well it'd be good if anyone talked to these Aussies...

[jtcod] 21/4/2008 09:51

Perhaps because our controlling shareholding now makes us an operator of a copper mine?

[tigluck] 21/4/2008 09:37

At the forthcoming AGM why would Investika change its name to Natasa Mining?

[peroman] 20/4/2008 22:13

Strow
IVK now owns nearly 100% of Chilean project (change occured in last quarter). So it would make sense that 9 months ago they'd be estimating their part of investment cost (~50%) and now doing the same (owning the whole 100%).

[strow] 20/4/2008 20:30

Just for any opinions really if anyone is still here,but does it not seem a little odd that seemingly the capital cost of HALF of the copper project has more than doubled in a 9 month period-its just not believeable and certainly as stemis has pointed out above,does not tally in with the very robust project economics as they still seem to be insisting on.
IF they were referring to half of the project as in the pfs,with an npv of $150m base case for a 15,000 tonne per year operation,then there is absolutely no way on this earth that with capital costs of $130m for this half ,that that could in any way be considered very robust!
I am wondering,and this is what i would really like peoples views on,whether the bfs will be incorporating the WHOLE puquios project and not just the half referred to in the figures given in the pfs-seems obvious that it should,and if this IS the case,then the $130m capital costs should be applied to the whole project i.e including the primary ore zone,which should have an npv approximately double the $150m i.e $300m.
If this is the case then what we are all seeing here as a doubling of the capex costs in 9 months is nothing of the sort,its just that they are referring now to the bfs for the whole project and not just half of it as was inferred in the pfs figures with the other half just alluded to at that time.
I am going to try to make some enquiries,but would be grateful for anyone with experience to give their views-thanks

[jtcodi] 19/4/2008 13:39

Will be out of this one next week and buying into PET with the money.

[strow] 18/4/2008 11:02

There is a big clue in the name of the company here-as said before,this is a long term investment and should be treated as such-there really does seem to have been very little if any institutional selling here,so they are clearly not too concerned about the bigger picture-big question again is does one trust the management and are they competent-i believe in both

[strow] 18/4/2008 09:59

O.K-you are right-it seems the original in the pfs did include operating costs,but did it include taxes?-they still seem to be confident of very robust economics and keep buying more tarquin,so i imagine c.k knows what he is up to

[strow] 18/4/2008 09:42

Stemis-yes,BUT the $130m INCLUDES taxes and working capital for the whole project,so this does not just appear to be capex for the plant,it also appears to include opex and taxes for the life of mine,hence the difference-does it not??
In any case the pfs as you know was based on a $1.69 i think long term copper price and also as you also know,if they take the primary ore body into account,it would potentially double the life of mine and also with that the npv-im quite happy with this update,and it seems to me that tmc are in fact making slow progress towards their ultimate goal-overall not too bad

[stemis] 18/4/2008 07:44

New operations report



Can't see much in it to move the price up in the short term. The capex for Puquios seems to have increased from $70m to $130m. That's going to make a bit of a hole in an NPV of $150m! Target date for completion of the BFS is late September quarter.

Berong continues to progress, with Dangla Road permit delays and weather restricting dso. Production from Long Point/Moorsom looks some way off. Evaluation of other processing options continue.

Belitung/UMC - forget 'em

[strow] 08/4/2008 10:45

No worries re asx drop-bid offer spread is $0.5 and that fall was on the sale of 150 shares!!!!-ridiculous 20% fall on 150 shares-if this ever does fly its going to really go up very very fast-all it takes is another buy of 150 shares,or even say 10 shares and the asx price will be back up to $2.65-such an odd system

[strow] 07/4/2008 15:25

How painful is this,BUT we are back to that situation of an e/v of approximately £7m for potentially £150m worth of asset on the copper alone(if the primary ore zone is also taken into account)-im staying in and adding if i can