Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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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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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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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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Anvil Mining Reports Third Quarter 2008 Results
Montréal, Canada: Anvil Mining Limited (TSX, ASX: AVM), (“Anvil” or the “Company”), today announced a net loss for the third quarter ended September 30, 2008 of $17.3 million (-$0.24 per share on a weighted average number of shares basis), compared to net income of $39.1 million ($0.55 per share) for the third quarter of 2007. Concentrate sales
for the third quarter of 2008 totalled $42.3 million, down 44% from the third quarter of 2007.
Operating cash flow, before working capital movements, was ($1.0) million, (-$0.01 per share). Year to date net income was $12.6 million ($0.18 per share) on sales of $177.4
million, compared to net income of $95.5 million ($1.52 per share) on sales of $183.9 million in the first nine months of 2007. Operating cash flow for the first nine months of 2008, before working capital movements, was $59.9 million ($0.84 per share).
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 had 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 Company’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 Company’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.
Bill Turner, President and Chief Executive Officer of Anvil, commented, “We believe that Kinsevere is a significant, high grade resource, that has potential to increase in size and that the actions we have taken to negotiate the settlement of terms with Gécamines and the DRC
Government, to scale back capital expenditures and to reduce operating, general and administrative costs will leave us well positioned to take advantage of any future turn around in copper prices.”
Key Points for the Third Quarter
• 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;
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 concentrate sales of $42.3 million, a decrease of 44% compared to the third quarter of 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 69% respectively, compared to the third quarter of 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 of 2009.
• Further development of the Kinsevere Stage II project.
Bill Turner further commented, “Our third quarter results were negatively impacted by the lower copper and silver production at Dikulushi due to lower production from underground and the inclusion of lower grade stockpile feed. However, Kinsevere performed well with a
56% increase in net sales due to higher copper production (+29%) through an increase in tonnes processed, higher grades and improved recoveries. At Dikulushi, modifications to the underground development to change the mining method to an Avoca cut-and-fill method are now well underway with full-scale underground mining expected to commence in the first quarter of 2009. Although there is additional capital cost involved in modifying the mining method, ore recovery rates are expected to improve, compared with the previous sub-level caving method.
Due to recent rapid changes in market conditions and the sharp decline in base metals prices, the third quarter financial results were also impacted by several one-off
adjustments totalling $17.4 million. This included costs associated with legal and advisory fees related to a private placement which did not proceed as a result of the significant deterioration in market conditions for resources companies.
The continuing under performance of the Mutoshi Stage I HMS operation from processing lower grade, finer-grained material, together with high mining costs led to the suspension of mining activities at Mutoshi in September. Sufficient stockpiled ore is available to feed the
Mutoshi Stage I HMS processing plant through to the end of the year and to achieve a 2008 copper production of 8,000 tonnes.”
While the construction and development of the Kinsevere Stage II 60,000 tonnes per year SX-EW plant has progressed well during the last six months, the project cannot be completed without additional financing. As a result, construction work has been deferred until required
financing has been obtained, however design and civil works will continue. At the Dikulushi and Kinsevere mines, the Company is reviewing its cost structure and implementing changes to ensure these operations are profitable.
Operations
Kinsevere Stage I
Open pit mining at the Tshifufia and Tshifufiamashi deposits and processing through the HMS plant continue to operate as expected, with annual 2008 production forecast to be approximately 27,000 tonnes of copper. The first EAF was commissioned in August 2008, but is operating below its design capacity of 12,000 tonnes of copper per year due to a
combination of design, logistical, and technical factors.
The Company has identified process flow issues associated with copper metal handling and furnace feed which are currently preventing achievement of design capacity. Trial production using a method to provide for direct casting into a large mould is currently being evaluated.
Conveyors, bins, screw feeders and weightometers are being upgraded to provide a more automated process. These measures are expected to increase production levels to design capacity in the coming months. Commissioning of the second EAF has been delayed until the first furnace is operating efficiently.
Dikulushi
Feed to the plant continues to be sourced primarily from existing low-grade stockpiles, supplemented by a small amount of development ore, with Dikulushi on track to achieve annual production of 11,000 tonnes of copper.
The engagement during the second quarter 2008 of Byrnecut Mining International Pty Ltd as the underground mining contractor to coordinate all underground mining activities has resulted in significant improvement in the development of the underground mine with the rate of development consistently ahead of budget.
Commencement of full scale production (approximately 17,000 tonnes of copper per year)from the underground mine is expected to commence during the first quarter of 2009. In
order to fully utilise the mill capacity, additional feed will be sourced from the current lowgrade stockpiles which currently amount to 910,000 tonnes grading at 1.2% copper and 27g/t silver.
Mutoshi
Owing to the progressively lower metallurgical recovery from processing finer grained, lower grade material encountered further downstream, mining operations were suspended in September. Feed to the plant continues to be sourced from existing stockpiled ore which is sufficient for the remainder of 2008. While budgeted throughput and feed grade have been achieved, copper recovery at the plant has been disappointing and forecast production for
2008 has been reduced from 9,000 tonnes of copper to 8,000 tonnes of copper.
Preliminary studies on a Stage II SX-EW facility for Mutoshi are expected to be completed in the coming months.
The complete unaudited financial statements together with the related Management’s Discussion and Analysis (MD&A) are available on Anvil’s website at www.anvilmining.com under the heading “Financial Reports”. -
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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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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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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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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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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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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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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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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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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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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
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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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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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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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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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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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2 | 507755 | 0.045 |
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0.049 | 227273 | 1 |
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