Ly Emu Small Discussion Threads

[godolphin] 02/6/2011 10:52

$600 eh? Even though it was a one off it still looks like 500+ is getting established.

[backmarker] 31/5/2011 16:02

I read somewhere (Moneyweek article ?) that over the period to 2020 the production of zinc is expected to go down and the demand go up.

so there might still be some takers for Bou Jabeur over the next year or so.

[dreggspicker] 28/5/2011 12:58

also a huge waste pile with quite a high % metal content, ca't remember how high, but with modern milling and floatation, could be very worth while .....

[borisimo] 27/5/2011 22:23

Seem to remember there was a reasonable amount of silver there as well...

[godolphin] 27/5/2011 13:01

With all this cash being poured into Tunisia maybe they can get a grant to kickstart a fluorspar plant at Zriba. I think there's a fair chance it's feasible at current fluorspar prices. Not sure about the zinc/lead but if there's cash for that as well then go for it! lol.

[godolphin] 27/5/2011 12:12

That time of month again, more rises indicated.

[dreggspicker] 26/5/2011 18:39

nope.
I presume we are still producing, and I also presume drilling has resumed at Boa Jabeur, after the unrests, as they state drilling back on 31 march.
We could all be suprised with a sale of that asset before relisting .....

[borisimo] 26/5/2011 13:01

Cheers DP, did you get anywhere with your tonnage question?

[dreggspicker] 26/5/2011 12:29

Boris, in the past I have had firms that do a rns at 11.30 to say they are back trading at 12 noon on the same day !
So I am expecting anything might happen .......

[vauch] 26/5/2011 12:27

CORRECT! on the last bit.

[borisimo] 26/5/2011 11:16

Gents (and Ladies)

I am assuming that there is likely to be some publicity before the readmission and that it wonùt be a completely out of the blue RNS:

Is that what others think or am I being niaive?

[dreggspicker] 24/5/2011 19:56

any one care to guess what tonnage we have produced in the last two months?
I would love to know!!

[dreggspicker] 18/5/2011 14:43

so, as I understand it, they wont be using fluorspar as ship ballast any more ......... ;@}

[godolphin] 18/5/2011 13:25

A bit confusing, a few weeks ago they said the quota would be 10.5m tonnes, but now they're saying it was supposed to be 9.5m and they've raised it. Given last year was 11m a drop of 1m is pretty substantial.

[godolphin] 15/5/2011 09:31

Nothing goes up in a straight line. For mms factors like the dollar/rand exchange rate may be important. China has about 7 years worth of fluorspar left in their current operations, hence the need for them to conserve them, and that may turn them into an importer.
India is still growing fast. China may be slowing to 8%! lol.

[dreggspicker] 14/5/2011 18:11

hope this does not make a muck of our plans, it seems acid grade is weakening, or is it just a bit of bluster .......
Anyone subscribe?? I would but it is a mad price ...........

[dreggspicker] 13/5/2011 13:06

yep gd, say profit of $100 per tonne, would be 12m KERCHIIIIIIIING

[godolphin] 13/5/2011 12:51

We can't guess the share price at the moment. There may be more news before the relist, re. finance, Tunisia, future plans etc.
But looking at the basics - the plan is to own 100% of Sallies, a company that is geared up to sell 120k tonnes of fluorspar a year at what $400-$500 a tonne.
20% of KFC which can produce the same as Sallies, plus 49% of a new fluorspar marketing company.

There are no comparisons on the uk market. The nearest is China Shen Zhou on the US market. mkt cap $140m and they produce sweet fa fluorspar. CFI in Canada have a mkt cap of $40m and need $100m and 2 years before they produce anything.
What the UK market will make of it - who knows? I think there will be some publicity and news, then we can make a guess.

[dreggspicker] 13/5/2011 12:38

Who knows susie, there is no doubt some will want to get out; I will want to get more in ........

[susiebe] 13/5/2011 12:32

What kind of share price are people anticipating when MMS back in the market?
Have held a few for ages..

[godolphin] 13/5/2011 12:30

lol. Well I know all about Tomco. Could be interesting for me if they both come back on the same day.

[duplicate book] 13/5/2011 12:27

godolphin............PAV 1 was mistaken! It was reffering to Tomco, I think?

[godolphin] 13/5/2011 12:18

No. Minesite said "shortly" on 24th March. So 31st May is a reasonable date.
It's got to come back some time!

[duplicate book] 13/5/2011 11:55

PAV 1 - 13 May'11 - 12:38 - 98821 of 98846


MMS...."massive" news ....coming back to the market 31 may 2011

Anyone else heard this?

[godolphin] 12/5/2011 14:52

That's the Firebird position with CFI. 15.72%. The small sell seems to have upset the CFI price a little.