AVM advance metals limited

record production and outlook for 2008

  1. Wheres can this UPI article be found that everyone keeps referring to??

    The Drudge report times out.
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  2. Looking for stoploss on line.
    AOTonline? Challenger.com? Any others? AOT seems reasonable, $33 trade, $49.95/month, free if more than 8 trades/month. If database isn't accessed then $0/month. Seems reasonable, any opinions?
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  3. 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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  4. =http://www.geocities.com/barrybolton187/lok.jpg>
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  5. =http://www.geocities.com/barrybolton187/lok.jpg>
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  6. not 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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  7. re: 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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  8. re: 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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  9. look 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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  10. re: 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
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  11. Hotcopper has not changed in my absence....
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  12. There 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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  13. Load of crock? Load of crack more like.
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  14. Great user name, Colin.....where'd you pull that one from? Your behind?
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  15. sandune, 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!
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  16. KKR
    1,286 Posts.
    lightbulb Created with Sketch. 501
    Record Production for Fiscal Year 2007 and
    2008 Capital Expenditures and Outlook

    Montréal, Canada: Anvil Mining Limited (TSX, ASX: AVM), (“Anvil” or the “Company”) and
    including its subsidiaries (the “Group”) is pleased to announce record full year consolidated
    production of 47,633 tonnes of copper and 2.45 million ounces of silver contained in concentrates
    from its Dikulushi, Kinsevere and Kulu mines in the Democratic Republic of Congo (“DRC”). For the fourth quarter of 2007, the Company also reached record production with 16,877 tonnes of copper and 0.7 million ounces of silver.

    Bill Turner, President and Chief Executive Officer of Anvil, commented, “Again, we delivered a strong operational performance owing to the continued above-target operational performance at the Dikulushi mine and the start up of the Kinsevere Stage I HMS plant during the second quarter of
    2007. Now, with three mines in production, the Company expects to produce more than 55,000 tonnes of copper and 1.3 million ounces of silver in 2008.”

    Capital and development expenditures for 2008 are estimated to be in the order of $215 million and will be applied mainly to the construction of the 60,000 tpa Solvent Extraction-Electrowinning (“SX-EW”) plant at Kinsevere ($180 million), sustaining capital expenditures for our three
    operations ($20 million) and exploration ($15 million).
    Based on its 2008 targeted production and in conjunction with the Company’s cash, cash equivalents, investments and borrowing capacity (currently no debt), the Company anticipates that it will have sufficient financial resources to meet its 2008 and 2009 development plans.

    Dikulushi mine (90%)
    Mining and processing operations at the Dikulushi mine continued to produce at more than 10% above design capacity of 20,000 tonnes of contained copper per annum during the fourth quarter of 2007, with production of 6,943 tonnes of copper contained in concentrates and 0.7 million ounces
    of silver contained in concentrates.

    Transition to Underground Mining at Dikulushi is Complete
    Feed to the plant through the year was sourced mainly from blended Run-of-Mine (“ROM”) open pit stockpiles of high-grade and low-grade ore. Production from the underground mine began in the third quarter of 2007 and is being ramped up, with full production of approximately 900 tonnes per day expected to occur during the first quarter of 2008. During 2008, the plant is expected to treat 367,500 tonnes at an average copper grade of 5.2% to produce 16,500 tonnes of copper and 1.3 million ounces of silver contained in high-grade concentrates.

    Kulu Tailings Operation (80%)

    The Kulu Heavy Media Separation (“HMS”) processing operation produced a total of 3,551 tonnes
    of copper contained in oxide concentrates for the fourth quarter of 2007.

    An unseasonally heavy rainy season and continued artisanal mining activity in the lower areas of the river resulted resulted in the removal of some of the high-grade portion of the coarse-grained tailings, leaving a lower-grade material which had correspondingly lower metallurgical recoveries, for feed through the HMS plant. Enhancements to the mining methodology and an upgrade to the plant with a new enlarged desliming screen, along with a new mining contractor in the fourth quarter of 2007 have improved operational efficiency and copper recovery.

    It is expected that in 2008 the HMS plant will treat 444,000 tonnes of material at an average grade of 4.8% copper for the production of 12,700 tonnes of copper in concentrates. This includes the reprocessing of lower grade concentrates expected to be purchased during the first half of the year
    from artisanal miners (approximately 33,000 tonnes at 18% copper).

    During the second quarter of 2008 the Company expects to complete a feasibility study for the construction of an expandable 15,000 tpa SX-EW processing facility, which when combined with dredging as the mining method, is expected to improve overall recoveries.

    Kinsevere Mine (95%)

    Kinsevere is the third copper mine that the Company has brought into commercial production in the DRC. The HMS plant was successfully commissioned in the second quarter of 2007 and its design capacity of 1,380 tonnes per day (500,000 tonnes per year) was reached in the third quarter to
    produce at an annual rate of 23-25,000 tonnes of copper. For the fourth quarter, the Kinsevere mine produced 6,384 tonnes of copper contained in concentrates.

    The Kinsevere Stage I development is near completion with the energization of the new 27 km 120KV transmission line which connects the Kinsevere mine to the DRC national hydro-electric grid expected to occur during February. The commissioning of the two Electric-Arc Furnaces (“EAF”) that comprise the final phase of the Stage I development is scheduled to occur during the first quarter of 2008.

    Annualised production from the Stage I development (HMS-EAF) is expected to be over 23,000 tonnes of “black copper” at an average grade of 93% copper and a recovery of 92%. Stage I has been designed to include a number of important infrastructure items necessary for Stage II, including a 120KV transmission line to connect to the national hydro-electric grid network and the over-sizing of parts of the front-end crusher circuit in order to allow for the higher levels of throughput required for Stage II.

    For 2008, Kinsevere target production is 25,800 tonnes of copper, over 90% of which is expected to be in the form of “black copper” grading approximately 93% copper.

    Capital expenditures for Kinsevere in 2008 are estimated at $180 million, the majority of which is for the Stage II 60,000 tpa SX-EW plant which is designed to produce LME Grade A quality copper cathode directly at the mine site.

    Exploration
    During 2007, the Company’s exploration program conducted drilling of 53,128 metres at Kinsevere, Dikulushi and Mutoshi in the Kolwezi region, the majority of which was focused on the Phase 3 drilling program at Kinsevere.
    The Phase 3 drilling program at Kinsevere comprised of 45,367 metres of Reverse Circulation (“RC”), Diamond and Air-core (“AC”) drilling which was completed in June 2007.

    The main purpose of this program was to complete the infill drilling at the Tshifufia and Tshifufiamashi deposits and carry out the initial RC and Diamond drilling on the area referred to as the Kinsevere Hill Extension. An updated Mineral Resource estimate for Kinsevere including the Kinsevere Hill Extension is expected to be announced during March 2008.

    The Company plans to spend approximately US$15 million on exploration activity in 2008, and complete approximately 87,000 metres of RC, Diamond and AC drilling. The focus of this drilling activity will be on Kinsevere sulphides, Dikulushi, and several sites at Mutoshi in the Kolwezi
    region.

    DRC Commission for Review of Mining Contracts

    As of the date of this news release, the DRC Minister of Mines or the Commission established by the Government of the DRC to review mining contracts or any other governmental body of the DRC, has not issued a final report or otherwise publicly announced the results of the Commission’s
    work. Anvil understands that the Commission has reported to the Minister of Mines, but cannot advise when the final report and the results of the Commission’s work or any decision of the Government in this regard will be publicly released. Anvil confirms that, to date, it has received no
    written communication from the Minister of Mines or the Commission or any other governmental body of the DRC with respect to renegotiation or termination of any agreement to which Anvil or any of its subsidiaries is a party, or any mining tenure which Anvil or any of its subsidiaries holds.
    Anvil remains hopeful that the DRC government will publicly release the results of the Commission’s work as soon as possible.
  17. Very 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.
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  18. 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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  19. rogerm, 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.
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  20. So 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.
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  21. Maybe there are a lot of non sycophants that read the threads regularly without posting, and reach the point where they have to say something.
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  22. Agree 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.
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  23. I 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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  24. I believe you'll find that we now have SUPPORT at 10c.
    Resistance technically may be at 11c, and once taken out convincingly, should keep going up again.
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  25. 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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  26. tvp
    No answer from Arttse on that yet.......................
    Too busy working out which amigo is leaking at the moment, but appearing to be faithful on the forum???

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  27. We'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!
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  28. I 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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  29. I 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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  30. Shadow, 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.
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  31. 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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  32. Announcement from ERM has made my day. :)

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  33. re: 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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  34. tvp
    Maybe 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"...

    ---

    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

    ---

    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.......


    ---


    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.

    ---


    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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  35. I 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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  36. I reckon you should all get a life personally!
    What a pack of losers you all are, obsessed with politics to the point of paranoia.
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  37. At 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!
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  38. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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  39. tvp
    re: 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!!
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  40. What 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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