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What happened to Cambrian Mining (CBM)     

gildph - 13 Jul 2004 22:44

I bought these at 42p and they were up to c 72p at one stage - I have been very patient with these but I've alomost all the profit I once had - Is anyone else out there holding these and who knows anything about current situation?

Any info would be greatly appreciated.

gildph - 15 Jul 2004 16:32 - 3 of 6

Hi Beaufort1

Thanks for that - much appreciated. Unfortunately I needed some cash so sold 50% of holding but will retain other 50% medium to long term.

beaufort1 - 20 Aug 2004 11:38 - 4 of 6

AEN is now 83.5%, so CBM's 27% stake is worth 8.48m. (AEN goes up, CBM goes down!)

CBM's 52% stake in Western Canadian Corp is worth 13.7m at the current price of C$1.55.

Therefore, leaving out its investments Subranum, AGD, Pageton Coal and Ivernia West, CBM has listed shareholdings worth 22.18m.

At the current share price of 41.5p, CBM's market cap is 18.65m!!!

beaufort1 - 22 Sep 2004 15:24 - 5 of 6

CBM is now 59p and rising! Up 42% from its low in August. The Deepgreen takeover has been approved, WCC is set to float on AIM shortly, and all looks set fair.

Hope you did not sell out entirely Gildph.

beaufort1 - 03 Oct 2004 16:57 - 6 of 6

WOW, look at her blow! Now do you believe me guys!
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