melua Posted June 29, 2012 Share Posted June 29, 2012 "AXE will break out to new highs +45c within weeks imho." I'll hold you to that. Two chances IMO. Buckleys and none. Link to comment Share on other sites More sharing options...
melua Posted June 29, 2012 Share Posted June 29, 2012 This rubbish posted by Aksier on the other forum: Campoona Graphite Plant Parameters for DCF Modelling Capital Expenditure $60m Concentrate Produced 40,000 tonnes per annum Project Life 15 years Revenue $1,500/tonne Head Grade 12.0% carbon Recovery 90% Mining and Processing $50/tonne Transportation $15/tonne Marketing 2.5% of Revenue Well, at least he has revised his graphite price down from $30,000/t to $1,500/t. LOL Cap ex $60M??? On what planet? This is Australia, not Africa. Mining and processing $50/tonne?????? Again, this is Australia buddy not Africa. What about the huge strip ratio with such a narrow ore body? How much wastage removal to develop an open pit with such narrow graphite intersections? $1500/tonne revenue for fine amorphorous graphite? Slash that to $600/t and it will cost them more than that to dig up and process. Then how are you going to compete with the Chinese in the low quality end of the market? Who are your potential customers? This is not a spot market. If you haven't got a low cost, high quality flake product, forget it. Wont happen. Good luck with Archer though. There you go, just a few reasons why the project is crap and why the market gives it little or no value. Link to comment Share on other sites More sharing options...
melua Posted July 1, 2012 Share Posted July 1, 2012 "There you go, just a few reasons why the project is crap and why the market gives it little or no value." All of course in my opinion. I might be wrong however my cash is only on one graphite company and it's not Archer. Link to comment Share on other sites More sharing options...
melua Posted July 2, 2012 Share Posted July 2, 2012 http://hotcopper.com.au/post_single.asp?fi...;msgid=10309936 See what happens when you have a top notch broker involved. That picture taken at the broker's desk when SYR was 37c. Link to comment Share on other sites More sharing options...
melua Posted July 11, 2012 Share Posted July 11, 2012 Posted on the other forum: "Heard that Gerard is currently on holiday, which is very disappointing considering that the SP is languishing 40% below the placement price. Any CEO "worth his salt" should be out there trying to promote the company!" Maybe there's nothing to promote? In my opinion, the graphite project is worth 4/5ths of a banana sandwich and the market seems to agree. Link to comment Share on other sites More sharing options...
melua Posted July 11, 2012 Share Posted July 11, 2012 snc invest wrote: "I hope all you guy`s/ Girls aren`t just hoping AXE will sky rocket like SYR as I dont think it will. Shaun" Shaun, You are correct. This Campoona deposit compared to SYR's Balama deposit is like chalk and cheese so there is no reason for it to sky rocket like SYR. Link to comment Share on other sites More sharing options...
melua Posted July 12, 2012 Share Posted July 12, 2012 This stock is EXTREMELY HIGH RISK in my opinion. They have cash backing of around 16c but they will spend that on Campoona over the next year or so. What then? Cash gone and no graphite project. Share price? Link to comment Share on other sites More sharing options...
melua Posted July 12, 2012 Share Posted July 12, 2012 More the fool for believing Archer actually have a deposit of high enough quality to mine PROFITABLY including selling the product. Good luck with getting an offtake agreement when SYR will dominate the market and have the ability to crush any competitors on price due to the very low costs. Look at the width of AXE's mineralisation. You design an open pit mine to cope with that and see if you can get cash costs under $1,200/tonne with such a high strip ratio. SYR will define a 200M tonne JORC resource with high grades and that will be JORC compliant with less than 20 holes. Think about it. That's 10M tonnes of graphite bearing ore per HOLE. ONE hole from Balama is identifying more graphite than the entire AXE project. Those who invest in AXE are in for a harsh reality check over the next 12 months. In fact, it's already started with the slide from 42c to 18c whilst SYR has risen from $1.10 to $2.20+ at the same time. Market is telling you something. AXE had more than halved since May. SYR has doubled and the trend will continue. In fact, AXE will never see 42c again IMO. Link to comment Share on other sites More sharing options...
arty Posted July 16, 2012 Share Posted July 16, 2012 Let's see what the Market makes of today's announcement: http://www.asx.com.au/asx/statistics/displ...;idsId=01314313 Link to comment Share on other sites More sharing options...
melua Posted July 17, 2012 Share Posted July 17, 2012 What a crock of shite report. Where's the medium/large flake? If that's the best they do they will be stuck under 22c for a LONG time. In my opinion this deposit is crap and I think the market's muted response is telling people the same thing. Those who were looking for medium/large flake have been disappointed. Link to comment Share on other sites More sharing options...
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