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

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

Glad I didn't sell all my holding yesterday, up 12.5% again today, all profit. :)))

back in again this morning albeit at 13.25 as 200 dma would now appear to be firmly breached and with good volumes too ...... of course that does not necessarily mean anything more than just simple "more buyers than sellers"

for interest - avr daily volume = 7m and already 13m

still continues to go up and the volume has been pretty decent too,any one thinks this is still cheap or else.

sp has suddenly got excited, and decent volume - norm = 11.5m; current = 18m; finished at 23.5m

Mali to Spend $800 Million Boosting Energy Production (Update1)
Share | Email | Print | A A A

By Frederic Tomesco

June 10 (Bloomberg) -- Mali plans to spend $800 million by 2013 to triple power production and help boost output of gold and bauxite, said Energy and Water Minister Mamadou Igor Diarra.

Our goal is to triple our electricity potential within four years, Diarra said yesterday in an interview at the Economic Forum of the Americas in Montreal. We have a major power deficit. Without energy, development will become very difficult.

Mali has the capacity to produce 200 megawatts of power a year through a combination of hydroelectric dams and thermal plants, Diarra said. New facilities, including two dams on the Senegal River, may provide another 400 megawatts, he said.

About 70 percent of the financing for the projects will come from the Mali government and loans from institutions such as the World Bank and the African Development Bank, Diarra said.

The remainder may come from China and India, from whom Mali has received very attractive offers, he said. They are offering financing as long as their companies can take part in the construction.

Mali is Africas third-largest gold producer after South Africa and Ghana. The country also produces bauxite, iron and manganese.

Camec Discovery

One beneficiary of the planned expansion in power output will be Central African Mining and Exploration Co., which said last month it discovered a so-called inferred bauxite resource of about 439 million metric tons in Mali. Mining cant start until the bauxite deposit is connected to the countrys power grid, Diarra said.

Camec only needs 30 megawatts of power to be able to operate the deposit, but we cannot even give them that, he said. This is a project that would provide work for 40 years - - can you see how absurd this is?

Due to the power deficit in Mali, companies like Canadian miner Iamgold Corp. have decided to establish their own generation facilities to ensure sufficient energy.

Heightening the need for more power, Mali expects gold resources that are exploitable through open-pit mining to be largely depleted within three years, Diarra said.

We are going to need to go underground to keep mining gold, he said. But to go underground, you need energy.

To contact the reporter for this story: Frederic Tomesco in Montreal at tomesco@bloomberg.net

Last Updated: June 10, 2009 04:43

Over 6 million traded this A M on heavy buying

Today bouncing from the retracement

That is my text on the UPS thread........

UPS

CFM 11.125p ( 11 / 11.25p )
reason: A copper and cobalt exploration company, last month discovered bauxite resource of about 439 million metric tons in Mali. Large volume today with share price bouncing from the last retracement, Indicators are all now at oversold and share price at lower Bollinger Band

Charts- Intraday

3 month candlestick with volume

3 month Bollinger Bands - 50 days MA - Indicators

5 days

SP trying to go higher as the VOLUME reached record levels and still 2 hours to go.