Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
AVM
advance metals limited
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items of interest from quarterly report
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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Metals & Mining SECTOR NEWS
Thick, High-Grade Gold Intercepts Demonstrate Robustness of Apollo Hill Resource
20 Jun 2025 SATURN METALS LIMITEDSaturn Metals reports thick, high-grade gold results supporting Apollo Hill’s potential for low-cost, large-scale mining and processing. In addition, a significant high-grade extensional intersection has... Read more
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Sharenot so stupid now Up 10% Gobs baby, when's the big sell off due? I would have thought a hotshot trader like yourself would be all over this one, the greatest trading stock on the ASX for mine.
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Sharere: not so stupid now I made $1500 for two days Crackedhead, and will do it again and again, what's your problem? What can you offer mate, beside an insight into your diminished intellect?
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Sharere: not so stupid now Yeah, right peanut, aren't you the mega trader? Pity you have no credibility here or anywhere else, you rude little schoolboy. Get a job and stop bugging people....
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Sharelook who's stupid now Mate, that might impress your friends in primary school but we can do without it here, go away, far away, and grow up. Just another multi-nicked dickhead aren't you?
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Sharere: not so stupid now**hey big ears**** You got me there big fella,
I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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ShareThere are infinite ways to lose money......infinite ways. Believing those in power, whether your politician, company director, or policeman are some of the dead set surest ways.
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Sharesandune, you come across as being so deluded by hate.
The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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Share
Anvil in some difficulty but taking wise precautionary steps.
The Review must be finalised - (looks positive) - and after that finance secured to see Anvil on the way again.
Sorting out the electric furnaces and then getting Dikulushi working in first quarter 09 will give income stability.
The report seems to be a "steady as she goes" against a strong headwind.
Will not be likely to excite market or attract buyers.
FROM THE QUARTERLY REPORT ------------------------
DRC Government Review of Mining Agreements
The Company has concluded negotiations with Gécamines and the DRC Government on the Kinsevere Contrat
d’Amodiation (“Lease Agreement”), Mutoshi joint venture (“JV”) agreement and the Dikulushi Mining Convention.
The Company has copies of signed minutes of meetings held with Gécamines and DRC Government officials
during which the renegotiated commercial terms and conditions were agreed.
While the process to be followed to bring the DRC Government review of mining agreements to a formal
conclusion has not been fully enunciated, the Company understands that the minutes have been approved by the
Gécamines board and sent to Kinshasa for consideration by the Minister of Mines.
In relation to the Kinsevere Contrat d’Amodiation and Mutoshi JV agreement, it is anticipated that once the
Minister of Mines has ratified the commercial terms and conditions contained in the minutes, this will conclude the
negotiation, approval and ratification process, with only the execution of amendment agreements for attachment
to the original agreements to be formalised. The Company expects to be in position to announce the final terms
and conditions agreed between and amongst the parties following ministerial ratification of the minutes.
The process by which the renegotiated commercial terms and conditions agreed with Gécamines and the DRC
Government will be formalised for Dikulushi under the Dikulushi Mining Convention, has not been communicated to the Company.
Summary of current position and outlook
In recent months, Anvil and the base metals mining sector generally, have been subjected to a number of
significant negative events, most notably a sharp fall in the copper price which declined by approximately 50%
from prices seen in September as well as illiquid capital markets. In Anvil’s case, the impact of these events has
been compounded by uncertainty regarding the review of mining agreements by the Government of the
Democratic Republic of Congo (“DRC”), operational difficulties at the Dikulushi underground mine, delay in the commissioning of the Electric-Arc Furnace (“EAF”) at Kinsevere and increases in operating costs.
The cumulative effects of these events have placed Anvil in a difficult position, particularly in relation to the
continued development of the Stage II Solvent Extraction-Electrowinning (“SX-EW”) plant at Kinsevere, for which
the total projected cost is $380 million. As at October 31, 2008 approximately $136 million has been spent and
approximately $56 million committed, mainly for the purchase of key equipment with long lead times, leaving
almost $190 million of expenditure over the next 9 to 12 months to complete the project.
As at November 12, 2008, Anvil has approximately $90 million in cash and short-term deposits and $38 million in
longer term investments, the majority of which do not mature within the next three years. Furthermore, in the
current environment, there is limited availability of debt finance for mining companies and the Company has
concluded that raising equity finance is not currently a viable option.
Management has carefully considered these conditions and developed a strategy for the next six to eighteen
months that takes into account the Group’s current position, consensus estimates of copper prices, conservative estimates of production and operating costs and the potential to raise debt finance in the event that availability of such finance improves in 2009.
The key elements of the strategy are:
• Maintaining a minimum cash balance over this period as required for the Group’s operations;
• Finalizing the tentative agreements reached with Gécamines and the DRC Government for the Company’s
mining properties in DRC;
• Operating the Dikulushi underground mine and Kinsevere mine at a positive cash flow;
• Curtailing all but essential capital spending;
• Reducing exploration costs to essential activities related to the definition of resources at the Dikulushi and
Kinsevere mines; and
• Cutting general and administrative costs to the minimum necessary to support essential operations.
Central to this strategy, the Company has placed the fabrication and construction works associated with the
Kinsevere Stage II SX-EW development on hold until additional finance is available and there is greater certainty in global financial and commodity markets. Design work and civil works will continue and are expected to be completed later this year. In order to complete this development and maintain a minimum cash balance
throughout the construction and commissioning phase, the Company requires additional funding. The Company is
in discussions with a number of possible lenders and preliminary indications are that debt finance could be
available in the first half of 2009, assuming satisfactory resolution of negotiations with the DRC Government
regarding the Company’s mining agreements, which the Company expects to be finalized during the fourth
quarter of 2008.
While the Company currently expects to have financing arranged in time to allow for the recommencement of the
Kinsevere Stage II SX-EW development during the third quarter of 2009, with commissioning of the plant in early
2010, there can be no assurance that required finance will be available and that development of the project will
re-commence within this timeframe.
In the event that finance is not available during 2009, the Company believes that with the implementation of the
strategy outlined above and using conservative estimates of medium-term copper prices, it can operate its
Kinsevere Stage I and Dikulushi mines in a profitable manner, with positive cash flow. The Company has
therefore concluded that the going concern assumption made in connection with the financial statements for the
quarter and nine months ended September 30, 2008, is appropriate.
Key points for the quarter1
• Financial results for the third quarter 2008 were impacted by several one-off adjustments, including:
�� Provision of $2.6 million for impairment of available-for-sale investments;
�� An impairment of $2.9 million in connection with the write down of the value of the Company’s
investment in Sub Sahara Resources NL (“Sub-Sahara”);
�� Provisional pricing adjustments of $9.4 million resulting from the sharp fall in the price of copper during
the September quarter and post quarter end; and
�� A write down of $2.5 million in the value of exploration work carried out in the Philippines.
• Net copper sales of $42.3 million, a decrease of 44% compared to the third quarter 2007.
• Net loss of $17.3 million (-$0.24 per share), compared to net income of $39.1 million (0.55 per share) in the
third quarter of 2007.
• Cash flows from operating activities, before working capital movements, of -$1.0 million (-$0.01 per share),
compared to positive cash flow in the third quarter of 2007.
• Quarterly production of 12,107 tonnes of copper and 189,867 ounces of silver produced in concentrate, a
decrease of 18% and a decrease of 69% respectively compared to the third quarter 2007.
• Development of the Dikulushi underground mine using an Avoca cut and fill mining method, on schedule for
commencement of full production in the first quarter 2009.
• Further development of the Kinsevere Stage II project.
Key points for the year to date1
• Production of 34,655 tonnes of copper, an increase of 13% compared to the same period of 2007.
• Net sales of $177.4 million, a decrease of 3.5% compared to the same period of 2007.
• Net income of $12.6 million or $0.18 per share, a decrease of 87% compared to the same period of 2007.
• Operating cash flow before working capital movements of $59.9 million or $0.84 per share.
• Copper production of 34,655 tonnes.
Near Term Objectives (next six months)
• Finalization of discussions with the DRC Government regarding review of the Group’s mining agreements.
• Commissioning of the EAF to design capacity at Kinsevere.
• Completion of updated Mineral Resource estimates for Kinsevere and Mutoshi.
• Commencement of full scale production from the underground mine at Dikulushi.
• Completion of preliminary studies on the development of a Stage II SX-EW plant at Mutoshi.
Longer Term Objectives (2009 onwards)
• Completion of construction and commissioning of the Kinsevere Stage II SX-EW plant.
• Completion of feasibility study for the Mutoshi Stage II SX-EW project.
• Completion of preliminary studies on an expansion of the Kinsevere 60,000 tonnes per year SX-EW plant. -
ShareVery direct, and good post. It's only others that will feel the shame for the directors TSS.
A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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Sharerogerm, while you've deciphered the good and bad posters, have you also pigeon holed the ones that have fallen in love with the stock and reject any opinion other than the one they want to hear?
It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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ShareSo you can see both sides of the story matty.
I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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ShareAgree seuss.
I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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ShareI know. Maybe I didn't explain myself very well.
There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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ShareWe'd have loved to play with your mind GZ, but this one is just uniquely weird!
We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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ShareI am guessing that the ASX are giving them grief again, because on page 5 of the presentation, they obviously had the numbers prepared, that were going to be released in time for the AGM. (Obviously again is my guess)
I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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ShareI find that post rather repugnant and cynical cusox.
Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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ShareShadow, that is bull dust, and you know it.
If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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Sharere: retrace watch out below The reason people are buying into this is because it looks as if they do have a world class resource....if that is the case this stock is very undervalued at current levels.
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ShareMaybe this sheds some light on it ............................
He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
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Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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ShareI get your drift joewolf.
The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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ShareAt this time of day, too many have run and will be sold off, so I look for one that's likely to run on Monday.
CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Sharere: it goes like this? Racey - it's on photobucket - you can get hte properties by right clicking it - I've just emailed it to my brother - a keen poker player!
Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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ShareWhat a fascinating thread reading back 3 months!
Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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Last
4.7¢ |
Change
0.001(2.17%) |
Mkt cap ! $12.45M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.8¢ | 4.5¢ | $82.24K | 1.732M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1433 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 49949 | 1 |
View Market Depth
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1433 | 0.047 |
| 1 | 1000 | 0.046 |
| 2 | 507755 | 0.045 |
| 1 | 250000 | 0.044 |
| 2 | 130000 | 0.043 |
| Price($) | Vol. | No. |
|---|---|---|
| 0.048 | 49949 | 1 |
| 0.049 | 227273 | 1 |
| 0.050 | 625000 | 2 |
| 0.051 | 141540 | 2 |
| 0.053 | 200000 | 1 |
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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