T1PS.COM-African Consolidated Minerals 50P

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Synchrouk
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Joined: Wed Oct 17, 2012 9:23 pm

T1PS.COM-African Consolidated Minerals 50P

Post by Synchrouk »

Currently 2.75

T1PS.COM
October 17th 2012
2 Days ago (2012-10-17 10:08:20)Print this Article
October 17th 2012

Evil discusses dinner with Andy Cranswick of African Consolidated Minerals and a hat based conundrum...

Markets: Breakeven
Sports: Breakeven
Thought for the day: Black and white answers

Last night I went over aspects of African Consolidated Minerals (AFCR) with its boss Andy Cranswick. Given the frustrations that he has faced and continues to face he has an equable temperament. He has a long career in southern and central African mining behind him and, hopefully, in front of him. For it is inescapably true that AfCons assets are massive - yet the entire shooting match at 2.5p is valued at just £15 million.

Take the Marenge diamond mine in Zimbabwe. This was stolen from Afcons by a few of Mugabe's generals and is producing annual illicit profits, harvested with the assistance of white men from South Africa, of many many times AfCons's capitalisation. All the Zimbabwean courts have ruled in AfCons's favour. Restitution of this alone would have a staggering effect on AfCons's share price.

Mugabe is fairly close to departing and thus, although there can be no advance in Zimbabwe until he has gone, Andy is optimistic since, in his opinion, the soldiers that will run the show will see and execute sense. If so, AfCons share price will leap a long long way - quite possibly well past 50p.
Synchrouk
Posts: 14
Joined: Wed Oct 17, 2012 9:23 pm

Re: T1PS.COM-African Consolidated Minerals 50P

Post by Synchrouk »

AFCR

http://salechinacrushers.allmyblog.com/ ... jects.html
Aucun commentaire | Ecrire un nouveau commentaire Posté le 19-10-2012 à 02h35


African Consolidated reports progress at Zim gold projects
JOHANNESBURG (second hand complete granite quarry plantminingweekly.com) − Aim-listed resource and development company African Consolidated Resources expected to start first-phase production at its Pickstone gold project, in Zimbabwe, in mid-2012.

The Zimbabwe-focused company said the project, although subject to funding, is successfully on route in its development to generate cash through its Pickstone sulphide tailings dump project.

Cash generation could fund subsequent investment in production phases at Pickstone, while affording the company a more aggressive drillout of other assets, said CEO Andrew Cranswick in a statement.

Throughout the project ramp-up and production, the company had remained committed to full compliance with Zimbabwe's indigenisation regulations.

African Consolidated was confident that it would raise funding and would announce its progress within the next quarter, he said.

Meanwhile, the miner reported that 10 700 m of drilling, to upgrade current Joint Ore Reserves Committee- (Jorc-) compliant resource of one-million troy ounces, had been undertaken at its Gazema gold project.

These results were expected to be released in the first quarter of 2012.

Executive chairperson Roy Tucker said African Consolidated believed the total project resource was likely to be higher and the Gadzema gold project could develop into a major mine.

“However, the ongoing resource definition would run in parallel with research on the funding of such a large-scale operation, given the internationally perceived political risk to finance opportunities in Zimbabwe,” he added.

More than 35 000 m had been drilled in Gadzema and, while awaiting assays from the latest campaign, the company was planning the next resource drill out.

It is hoped that the bulk of the future funding would be sourced from the near-term production at Pickstone.

Meanwhile, in line with African Consolidated’s planned Zambian expansion, particularly in the Greater Kasempa iron-oxide/copper/gold district, in north-west Zambia, several asset acquisitions have been concluded while several more were under discussion. A broad exploration of the highly prospective region was under way.

African Consolidated, on Thursday, reported a loss of $1.7-million in the six months to September 30, 2011.
Synchrouk
Posts: 14
Joined: Wed Oct 17, 2012 9:23 pm

Re: T1PS.COM-African Consolidated Minerals 50P

Post by Synchrouk »

AFCR presentation last week:

http://www.proactiveinvestors.co.uk/gen ... _ver_5.pdf

Simon Cawkwell saying AFCR could go to 50p, currently 2.5p.

I see it is 2nd in Chip's valuation table, probably due to Zimbabwe and Mugabe effect.

4.3m ounces for £15m seems a bit of a nil brainer down here.

FANTASTIC TABLE AND NO2
http://uk.advfn.com/cmn/fbb/thread.php3?id=21909943
The idea behind this thread is to create a 'talking shop' regarding potential upside available across the small-cap PM explorers/developers. These are mainly AIM-listed, but some are also listed on overseas recognised exchanges and therefore qualify for ISA inclusion.

I will update the following table on a regular basis. Please excuse errors and omissions.
Table is ordered by MkCap/Resource Value (MC/Res) shown as a percentage - cheapest at the top!
Last revision 18/10/2012

EPIC . MC(£m) . Res(Moz) . £/Roz .. $/Roz .. ISA . Prod? ... $/t Ore .. MC/Res . Ev/Res
OXS .. 9.3 .... 3.67 ..... 3 ...... 4 ...... N ... Y ....... 181 ...... 3% ..... 9%
AFCR . 14.6 ... 4.30 ..... 3 ...... 5 ...... N ... N ....... 112 ...... 5% .... 2%
CRND . 13.6 ... 2.13 ..... 6 ...... 10 ...... Y ... Y ....... 200 ...... 5% ..... 6%
CGNR . 3.6 .... 1.03 ..... 3 ...... 5 ...... N ... N ....... 86 ....... 5% ..... 4%
VGM .. 37.1 ... 4.33 ..... 9 ...... 13 ..... N ... Y ....... 550 ...... 6% ..... 5%
ASMP . 3.7 .... 0.46 ..... 8 ...... 13 ..... N ... Y ....... 673 ...... 6% ..... 19%
BGL .. 21.3 ... 3.51 ..... 6 ...... 10 ..... Y ... 2015 .... 56 ....... 7% ..... 3%
OTC .. 13.0 ... 1.35 ..... 10 ...... 15 ..... N ... N ....... 98 ....... 8% ..... 3%
NGL .. 28.8 ... 3.44 ..... 8 ...... 13 ..... N ... Y ....... 264 ...... 11% .... 14%
HMB .. 13.5 ... 1.94 ..... 7 ...... 11 ..... N ... Y ....... 219 ...... 11% .... 13%
OMI .. 32.4 ... 1.91 ..... 17 ..... 27 ..... Y ... Y ....... 49 ....... 12% .... 8%
CGH .. 58.9 ... 5.56 ..... 11 ...... 17 ..... N ... 2013 .... 229 ...... 13% .... 2%
SRB .. 6.0 .... 0.60 ..... 10 ..... 16 ..... Y ... N ....... 356 ...... 14% .... 3%
BMZ .. 12.2 ... 0.36 ..... 34 ..... 54 ..... Y ... 2013 .... 477 ...... 15% .... 15%
RMM .. 50.2 ... 2.14 ..... 23 ..... 37 ..... Y ... Y ....... 336 ...... 17% .... 23%
AAU .. 5.1 .... 0.23 ..... 22 ..... 35 ..... N ... 2013 .... 202 ...... 18% .... 14%
NYO .. 32.0 ... 1.87 ..... 17 ..... 27 ..... Y ... 2014 .... 169 ...... 20% .... 14%
MWA .. 57.3 ... 3.58 ..... 16 ..... 25 ..... N ... Y ....... 139 ...... 21% .... 35%
KYS .. 115.3 .. 5.02 ..... 23 ..... 36 ..... N ... 2014 .... 132 ...... 21% .... 20%
MARL . 14.0 ... 0.54 ..... 26 ..... 41 ..... Y ... N ....... 62 ....... 22% .... 5%
GRL .. 10.7 ... 0.34 ..... 31 ..... 49 ..... N ... N ....... 79 ....... 23% .... 12%
STI .. 21.6 ... 1.64 ..... 13 ..... 21 ..... N ... 2012 .... 132 ...... 23% .... 20%
AMA .. 126.0 .. 4.57 ..... 28 ..... 43 ..... Y ... Y ....... 164 ...... 25% .... 19%
HUM .. 60.1 ... 3.82 ..... 16 ..... 25 ..... N ... 2016 .... 72 ....... 25% .... 21%
AVM .. 163.8 .. 5.33 ..... 31 ..... 48 ..... Y ... Y ....... 93 ....... 28% .... 6%
MIRL . 88.1 ... 3.22 ..... 27 ..... 43 ..... Y ... Y ....... 224 ...... 32% .... 30%
ALD .. 294.2 .. 8.65 ..... 34 ..... 54 ..... Y ... Y ....... 75 ....... 35% .... 36%
GAL .. 6.7 .... 0.33 ..... 21 ..... 32 ..... Y ... Y ....... 393 ...... 36% .... 39%
SHG .. 88.9 ... 2.33 ..... 38 ..... 60 ..... N ... Y ....... 178 ...... 36% .... 48%
AAZ .. 58.9 ... 0.93 ..... 63 ..... 100 ..... N ... Y ....... 69 ....... 37% .... 43%
OVG .. 10.7 ... 1.07 ..... 10 ..... 16 ..... N ... 2014 .... 123 ...... 38% .... -15%
KGLD . 7.6 .... 0.20 ..... 39 ..... 62 ..... N ... N ....... 103 ...... 38% .... -3%
CNR .. 54.6 ... 2.46 ..... 22 ..... 35 ..... N ... N ....... 224 ...... 39% .... 36%
MTL .. 77.1 ... 1.41 ..... 55 ..... 86 ..... N ... 2014 .... 107 ...... 41% .... 96%
TSG .. 51.7 ... 1.14 ..... 45 ..... 71 ..... N ... Y ....... 808 ...... 41% .... 63%
GDP .. 26.1 ... 0.82 ..... 32 ..... 50 ..... N ... Y ....... 137 ...... 46% .... 38%
SOLG . 15.4 ... 0.49 ..... 31 ..... 49 ..... N ... N ....... 56 ....... 46% .... 41%
AUE .. 76.5 ... 1.77 ..... 43 ..... 68 ..... Y ... 2014 .... 204 ...... 48% .... 40%
AGQ .. 56.2 ... 2.22 ..... 25 ..... 40 ..... Y ... N ....... 152 ...... 48% .... 44%
CMCL . 32.5 ... 0.46 ..... 71 ..... 111 .... Y ... Y ....... 218 ...... 52% .... 50%
PGL .. 18.2 ... 0.75 ..... 24 ..... 38 ..... N ... Y ....... 79 ....... 54% .... 108%
SGZ .. 8.6 .... 0.17 ..... 49 ..... 77 ..... Y ... 2014 .... 656 ...... 61% .... 52%
PAF .. 249.3 .. 4.50 ..... 55 ..... 87 ..... Y ... Y ....... 583 ...... 63% .... 59%
AR ... 350.5 .. 2.56 ..... 137 .... 215 .... N ... Y ....... 95 ....... 93% .... 101%
PGD .. 187.1 .. 1.74 ..... 108 .... 169 .... Y ... 2013 .... 127 ...... 103% ... 102%
GGP .. 2.7 .... 0.09 ..... 30 ..... 47 ..... N ... N ....... 0 ........ 111% .... 65%
KIBO . 13.2 ... 0.0 ...... 0 ...... 0 ...... N ... N ....... 174 ...... - ...... -
ORE .. 10.8 ... 0.0 ...... 0 ...... 0 ...... N ... N ....... 0 ........ - ...... -
NMG .. 7.5 .... 0.0 ...... 0 ...... 0 ...... N ... N ....... 0 ........ - ...... -
KLG .. 4.7 .... 0.0 ...... 0 ...... 0 ...... Y ... N ....... 0 ........ - ...... -
TGL .. 19.1 ... 0.0 ...... 0 ...... 0 ...... N ... N ....... 0 ........ - ...... -
KEFI . 16.9 ... 0.0 ...... 0 ...... 0 ...... N ... N ....... 0 ........ - ...... -
TPJ .. 5.0 .... 0.0 ...... 0 ...... 0 ...... N ... N ....... 0 ........ - ...... -
EUA .. 5.1 .... 0.0 ...... 0 ...... 0 ...... N ... N ....... 0 ........ - ...... -
AME .. 3.2 .... 0.0 ...... 0 ...... 0 ...... N ... N ....... 0 ........ - ...... -
AUR .. 3.8 .... 0.0 ...... 0 ...... 0 ...... N ... N ....... 0 ........ - ...... -
PML .. 18.8 ... 0.0 ...... 0 ...... 0 ...... N ... N ....... 0 ........ - ...... -

Avgs . 49.0 ... 2.2 ...... 29 ..... 46 ..... ... ... . ..... 215 ...... 32% .... 30%
Synchrouk
Posts: 14
Joined: Wed Oct 17, 2012 9:23 pm

Re: T1PS.COM-African Consolidated Minerals 50P

Post by Synchrouk »

Recent Fund Buys

Just a quick update for investors in either the Growth or Gold Funds on what we have been buying of late - for WSI and the EIS Fund - newsletters are on the way.

On the Growth Fund - since early October - it has simply been a matter of topping up. So we have added to holdings in ILX (ILX), Avisen (AVI), Intandem Films (IFM), Third Quad Capital (TQC) and Symphony Environmental (SYM).

On Gold we have been buying aggressively in: Angel Mining (ANGM) - also held in Growth - in Great Panther (Canadian Silver), First Majestic ( also a Canadian silver play), we have added to our holdings of Minera IRL (MIRL), Vatukoula (VGM), African Consolidated (AFCR) and we have started nibbling with purchases of Ariana Resources (AAU).

Full newsletters for both funds will be out in a couple of weeks

To download historic newsletters or application forms go to www.t1psim.com

Tom
HOA
Posts: 259
Joined: Sat Apr 07, 2012 11:31 am
Location: Doing MOT on Rig 7

Re: T1PS.COM-African Consolidated Minerals 50P

Post by HOA »

and again spikey, go FYS.
proservepoint
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Joined: Thu Nov 01, 2012 8:13 am

Re: T1PS.COM-African Consolidated Minerals 50P

Post by proservepoint »

thanks for helpful information.

http://freebingonodeposit.co/
warloros
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Re: T1PS.COM-African Consolidated Minerals 50P

Post by warloros »

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