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

sned, news not showing on this pps, cfm have had their licence revoked.

c1, where have you picked this from? does explain the drop

Just found this on CAMEC's site - seems to refute the revocation of permits. This has been such a cat and mouse thing with the Katanga take-over.
..................

RNS Number:9920C
Central African Mining&Exploration
30 August 2007


Thursday 30 August


Central African Mining & Exploration Company Plc
('CAMEC' or 'the Company')


CAMEC Responds to Rumours Of Permit Revocation

......

The Company believes that there is no valid basis for this rumoured action. The
leaking of this potential action is clearly timed to impact CAMEC's offer for
Katanga Mining Limited ('Katanga') which was announced yesterday, and the manner
in which it has been processed is highly irregular. CAMEC believes that this
action is motivated by commercial forces in the DRC who oppose CAMEC's proposed
acquisition of Katanga.

The management of CAMEC is totally confident that the Company will successfully
refute any allegations or attempts made against its licences. In addition, the
process of revoking a mining permit in the DRC includes, CAMEC understands, the
following steps, none of which have been taken:

- There needs to be a genuine and valid reason under DRC law to challenge the
continuation of the licence.

- The Company should receive 30 days notice from the Minister of Mines.

- The Company must be informed in writing by the Minister of Mines
outlining the exact reasons for the suspension.

- The Company should then be given the opportunity to rectify the alleged
problem.

Finally, the Public Prosecutor, who issued the revocation order, does not have
the authority to cancel licences without going through the due judicial process.

..........

Hope the brave are enjoying this ride today! Have done a few "SELLs" on a quote and deal order type; they all register in the streaming trades window as "BUYs"! Some-one is mopping up eehh!?

15:56 - gone to auction .... WHY?

now all "BUYs" registering as "?" ..... hmmm

Trading in CFM Shares suspended, pending an announcement.....

anyone got any "leaks" about this yet?

restored - time to fish the brave!

50p or higher target soon.

great news today.

don't say I'm all alone again!!..

I thought people here bought shares lol

Hi Dynamix, you're not alone: I've bought shares today. Price should move upwards again following the news re their licences but it may take a little while for confidence to return.

good stuff toya

a post from advfn.. I tend to agree with this view..



--------------------

The shorting scum & co / Mms have simply been caught with their
trousers down - having had no inclination or vibes that the 1:18pm
RNS was inbound.. Otherwise they would have pumped it up 25%
this morning before the RNS, like they normally do.. (!)

It's caught them out big time and the best they could do was to hold it
back at 31p/32p this afternoon trying to get shorts out.

What is it with these shorting scum corruptly manipulating shareprices
to try and rip off and thieve from private investors ?

This will go up tomorrow morning, and will no doubt be 50p+ by early
next week, if not by close on Friday.


Bring on another positive RNS Camec.. preferably before 8am and
really burn those who have been "abusing" your shareprice the last
few weeks !


The only reason one person in the govt would try and make some fuss
is because Camec threatened to sue for the damage caused to their
shareprice over the farce of these last few weeks.

- CFM's Katanga bid was illegally obstructed, destabalising the sp.

- With CFM having withdrawn - the licenses are now "mysteriously"
NOT under threat anymore..

Read the RNS. No loss of work or production during all this.


As someone posted earlier - a Trading Update RNS from the company
tomorrow would help put things back into perspective

- CFM was 48p to 58p a share prior to the 2 licenses being threatened.

- Plus Camec still own 22% of Katanga with Anglo and other bidders
queueing up to buy it outright. Camec's 22% stake being worth 14p
to 25p per CFM share alone !

- The licenses have now been confirmed as NOT being under threat
legally by the Courts. Yet the sp has only risen from 26p to 31p ?


- CFM will doubtless be 48p to 55p again very soon..

Thanks for that info Dynamix - I agree with you.

getting like a soap opera this RNS battle.. but it seems CAMEC are admant the Courts validated their license..

shoud clear up the doubt if Bell Pottinger comment

Central Afr. Min&Exp Further Update re Licences


RNS Number:1934E
Central African Mining&Exploration
20 September 2007

Thursday 20th September 2007


Central African Mining & Exploration Company Plc
('CAMEC' or 'the Company')

Response to Statement Distributed by Bell Pottinger

CAMEC, the fully integrated exploration, mining and production company, notes
the statement issued to media by Bell Pottinger on 19 September 2007 quoting a
spokesman for the government of the Democratic Republic of the Congo ("DRC").
This statement appears to suggest that the ruling in favour of CAMEC, issued by
Le Tribunal de Grande Instance on 18 September 2007, endorses only "the transfer
of the apparent licences from one commercial body to another in 2004", and that
"the "licences" were improperly obtained originally and are still invalid".

This is not what the CAMEC announcement said and the Company believes that the
statement issued by Bell Pottinger is erroneous and misleading. The ruling from
the Court clearly refers to the original transfer in 2004 from Gecamines, the
State owned mining company in the DRC, of licences C19 and C21 to CAMEC's
subsidiary Boss Mining, licences C17 and C18 to Kababankola Mining Company
("KMC"), and of the Mukundo deposit to Mukondo Mining (jointly owned by Boss
Mining and KMC). The Court ruled that these transfers were made in accordance
with the law and are therefore valid. The Court also upheld the Settlement
Agreement made in February 2004 pursuant to which all these licences were
transferred.

CAMEC is concerned about the misinformation in the market created by the
statement and will be writing to Bell Pottinger to ask them to issue a
statement immediately to correct any misunderstanding.

Andrew Groves, Chief Executive of CAMEC, said:

"There has either been a deliberate attempt to mislead the market as to the true
nature of the court ruling, or there has been a negligent failure to check the
facts before the issuance of a press release. Given the importance of this
matter to CAMEC and its shareholders, we are reviewing all options open to us to
prevent the further dissemination of erroneous information into the market
place."


For further information please visit www.camec-plc.com or contact:


Phil Edmonds / Andrew Groves CAMEC Tel: 0845 108 6060
Jonathan Wright Seymour Pierce Tel: 020 7107 8000
Ben Brewerton / Jon Simmons Financial Dynamics Tel: 020 7269 7279

anyone holding CFM?

what an odd question do you hold?

I do hold, this has been going down any news?