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

Tell us when your puckering up then, we got to see this, Kate braise yourself!! lol.

greed overcame me and a further 25k @ 9.25 looked too good an offer to refuse.

there's a limerick about he young lady from Australia too!
Kate - it would be a pleasure, even if not necessarily mutual

Care to tell us the limerick??

Really ancient schoolboy one, as shown by use of "real" money ....

There was a young girl from Australia
Who painted her bum like a dahlia.
A penny a smell was all very well
But twopence a kiss was a failure

Cynic could you stay away from my stock, it stopped going north the moment you came in now look what you've done. :))

chuckle chuckle!

This looks positive, Heres the gist of the article:-
Hard money enthusiasts have long watched for signs that China is switching its foreign reserves from US Treasury bonds into gold bullion. They may have been eyeing the wrong metal.
China's State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons.

John Reade, metals chief at UBS, said Beijing may have a made strategic decision to stockpile metal as an alternative to foreign bonds. "We're very surprised by Chinese demand. They are buying much more copper than they will need this year. If this is strategic, there may be no effective limit on the purchases as China's pockets are deep."

If his thoughts reflect Communist Party thinking, it would explain the bizarre moves in commodity markets over recent weeks. Copper prices have surged 49pc this year to $4,925 a tonne despite estimates by the CRU copper group that world demand will fall 15pc to 20pc this year as construction wilts.

This is slightly disingenuous. China has the world's largest reserves - $1.95 trillion, mostly in dollars - because it has been holding down the yuan to boost exports. This mercantilist strategy has reached its limits.

Beijing may yet buy gold as well, although it has not done so yet. The gold share of reserves has fallen to 1pc, far below the historic norm in Asia. But if a metal-based currency ever emerges to end the reign of fiat paper, it is just as likely to be a "Copper Standard" as a "Gold Standard".

On it's way up again, hope Cynic's out of these....lol

you know i have put a hex on these and am just suckering in a few more piggy-wigs before gobbling them up!

very heavy traffic in these today .... already 11.5m traded against a daily norm of 7m and sp just testing 200 dma ...... a break through here with impetus would be very jolly, or will sp just back off?

Cynic be quiet!!!! I'm enjoying the ride.

out, at least for the moment, at 11.75 and a very tasty profit as this and the market in general looks to be stalling

Shares in Central African Mining and Exploration Company Plc jump 15 percent after Ambrian Capital lifts its recommendation to 'buy' from 'speculative buy', and on higher cobalt and copper prices.

"You have got a pipeline of very positive newsflow stream for this year," says Nick Mellor, an analyst at Ambrian. "If cobalt can stay up and keep generating their cashflow to finance its projects it's a nice little play."

The African focussed company resumed cobalt production at its Mukondo Mountain project -- expected to fund a significant part of the group's development -- in March. Earlier this month, it restarted copper output at its Luita operation and said progress at its Bokai platinum joint venture was exceptional. "


Thus the reason for gtoday's excitement

I know, your way behind as usual, got in at 8p ha ha.

Took profit at 12.25p

why did you pay so much? ....... i bought my original slab at 6.19 and then got greedy and added about 35% at 9.25

Us country boy's aren't as quick as you to get it in, but enjoy the ride and let it soak for as long as possible. Get fingers burnt doing so sometimes. lol

as i posted earlier, i sold at 11.75 and more than happy with the result

seeing as your average works out at 7.72, we ain't far apart, infact you had a 4.03gain and I had a 4.25 gain. lol I'd still swop by account for yours though.

and mark my words, london is heading south tomorrow judging by NY .... see my post on FTSE thread