Kopane Share Discussion Threads

[induna123] 22/7/2010 08:27

GS, it's happened, we have to accept it. 17p is better than 10p,11p,12p.

What's the alternative?

[hectorp] 22/7/2010 08:26

Agree G-S a very disappointing outcome for the short term for KDD holders. At least we will be part of an enlarged group without the awful management, and can look forward to considerable long term gains with FDI providing strong diamond mining qualities.

[giant steps] 22/7/2010 08:24

Induna, it's a truly dreadful outcome - robbed

[induna123] 22/7/2010 08:23

Looks like we still have a few sellers to flush out. I get the feeling once they've finished and people accept this is probably a good a deal as were likely to get we should start to move up. May take a few days though.

Noticed a 500k trade yesterday at 12.75p. Would that be a rollover or a big buyer mopping up?

[half a scargill] 22/7/2010 08:06

I presume Frank will have to unwind his spreadbet?

edit - I mean his brokers.

[5wiss_tony] 22/7/2010 08:02

KDR, thats the way to do it, released this AM, deal with RIO

Basically FDI have bought a company here with massive resource for 50 mil, keep hold of the shares

[parsnip884] 22/7/2010 08:02

steady on old chap.
A gain ?

[asmodeus] 22/7/2010 08:00

I shall certainly6 be voting in favour. Although no immediate profit for me, I would much prefer to hold Firestone shares than Kopane, especially if it means seeing the last of Frank and colleagues, and will hope eventually to recover my losses - and perhaps even make a gain?

[parsnip884] 22/7/2010 07:59

Half a Scargill - 21 Jul'10 - 21:06 - 7568 of 7579

Not sure yet Arfer.

I'll 'speak' to you later.

[induna123] 22/7/2010 07:56

Frank makes up 16% of that total, who are the other 20%?

[sharewinner2] 21/7/2010 21:44

I came across this article;



It states that they have investor approval to 36%.

[pembury] 21/7/2010 21:42

yep good for FDI. Not the 'shareholder value' the company have kept banging on about for ages

[keya5000] 21/7/2010 21:40

Whats to stop FDI getting the MOU partner back in to help fund the development, thats what I would be doing.

Steal the asset for a low ball paper consideration and then get somebody in who already wants to inject cash in to get you to production.

[pembury] 21/7/2010 21:36

Yep that was valued at around 27p in Jan the market reaction traded share price to over 15p. If the MOU was then progressed and signed off with mining underway then probably looking around 20p anyway mid 2010.

I believe it has been mentioned they are not the party involved in t/o so why not counter bid for the whole stake at a discount?

[willoicc] 21/7/2010 21:33

What about the MOU?

[wdurham] 21/7/2010 21:14

Adam -

"Why have KDD not done this themselves?

Mining license granted, power, water financed or available so what is the catch? "

Agree with parsnip 195%

The current management have had only one interest since they took the driving seat - to sell Kopane on at the max they could get for it. Everything else has been shelved, including resumption of mining and the DFS.

[half a scargill] 21/7/2010 21:06

Frank - what do you reckon the chances are of others voting this down?

I know you ain't a mindreader, but what's your gut feeling?

[parsnip884] 21/7/2010 20:59

The catch is that the CEO is a trader and not a miner, and is happy to make his 300-400%.

[adam] 21/7/2010 20:47

The PFS of July 2007 gave capex at $100m and 3.5m tpa



Firestone quote 4m tpa, and state can do capex cheaper.

We await DFS to confirmm, but say in three years also inflation, so say 50% higher at $150m capex to be conservative?

Firestone state in their presentation that can expect $70m p.a operating cash flow (based on $29/t and operating cost of $12/t)

Should be able to justify $350m+ valuation alone

IRR is very high and we can assume easily financeable after DFS published.

Why have KDD not done this themselves?

Mining license granted, power, water financed or available so what is the catch?

[half a scargill] 21/7/2010 20:21

aye - some good posts today.

I'm very disappointed, but if the "merger" happens then i'll carry on holding and hopefully see the true value out.

I have already spoken to Barclays and indicated that I want to vote.

[parsnip884] 21/7/2010 19:10

Excellent post corlan; thank you.