Hi,

What are peoples opinions of this company seems to be doing well, big demand in China:

http://news.bbc.co.uk/1/hi/world/africa/default.stm

Anyone holding this share?

Cheers

I don't know, ...chickened out at a nice little profit...might or might not be the best thing to do...but I would be fed up if no bid came and back to 15p for months on end again...so good luck to all holders..if it comes right : great...I'll be pleased for all.

steady buying continues 20p bid 20.25 offer.

Read this in today's Times:

Camec buoyed by bid talk
"Are the stumps about to be pulled up at Central African Mining & Exploration (Camec), the miner run by Phil Edmonds, the former England spin bowler?

Shares in the group gained p to 18p amid renewed speculation that ENRC, the Kazakh miner, was on the verge of launching a bid.

It is believed that ENRC had been due to discuss a deal at its last board meeting but that the discussion was postponed because of management changes within the Kazakh group.

Industry insiders suggest a bid could be made at about 26p per share and note that any ENRC approach would be likely to lead the Chinese, who currently take a large proportion of Camecs cobalt production, to launch a counterbid.

Camec confirmed in July that it had received bid approaches. Vale, the Brazilian group, is also thought to be interested in making an offer."

Could be hotting up... and hence the steady buying.

Lots of buyers about first thing here today.

let's hope they don't turn into sellers while while i'm in munich then!

When are you off? - And will you be sending us daily bulletins??
We'll keep an eye on CFM for you

Not the legs again please!!!!

so you don't fancy the idea of me in lederhosen and a bavarian hat (mit feder!), playing the tuba?

T - this afternoon, but back thursday afternoon ..... was contemplating a remembrance pilgrimage to Dachau, but not sure that it would not upset me too much

That is far too upsetting Cynic....there is enough misery in peoples lives as it is...let's (if possible) think of nice things...I know it's difficult !.

Have a good trip then Cynic. Stay away from Dachau and find something fun to do instead.

an interesting philosphical question ....
should one avoid situations such as Dachau just because they are emotionally upsetting?
if so, should one avoid going to First World War memorials etc, like at Vimy Ridge or Arras?
certainly in this last case, i feel quite strongly that one should visit, even if only as a salutary reminder.

I wouldn't say one should avoid them, Cynic, but maybe a bit much to tack on to a biz trip? - Depends how strong you are feeling and how strongly you feel

My Dad spent 6 years of his life in the Army during the second world war and was almost at the liberation of belsen, he saw many an atrocity and people being killed and even though he talks quite often about that period says that sometimes it is best not to be reminded all the time about terrible things even though you must not forget them completely : it just brings back terrible memories and you end up feeling unwell because of them.

Offer now coming from ENRC. Looks as though it may be below expectations.

LONDON, Sept 16 (Reuters) - "Kazakh mining group ENRC (ENRC.L) may use some of its cash pile to buy junior miner CAMEC (CFM.L) for about $950 million and expand into mineral-rich Africa, ENRC said on Wednesday.

The move by ENRC, one of the world's biggest ferrochrome producers, might spark a bidding battle with Chinese parties seeking to lock in supplies of cobalt, analysts said. [ID:nLG564561]

ENRC said it was in advanced discussions with AIM-listed Central African Mining and Exploration Co. (CAMEC), which said on July 16 it had been approached about a possible takeover from unnamed parties. [ID:nLG75825]

ENRC said in a statement it was considering a cash bid of around 20 pence per share for CAMEC, whose chairman is former England cricketer Phil Edmonds. That would value the firm at about $950 million."

has anyone worked out how $950m translates into sp? ..... anyway, such an offer would probaly be just a sighting shot to get things moving

Central African Mining main focus for Eurasian

Eurasian Natural Resources has confirmed that its current main focus in terms of acquisitions is the possible transaction with Central African Mining.

This was in response to a statement issued by African Minerals earlier today which claimed that it had received a bid approach from Eurasian Natural Resources.

"The boards of directors of ENRC and CAMEC announce that they have reached agreement on the terms of a recommended cash offer, to be made by a wholly-owned subsidiary of ENRC, to acquire the entire issued and to be issued ordinary share capital of CAMEC.

The Offer will be 20 pence in cash for each CAMEC Share."

Glad I got out not long ago...

"Stupid boy"