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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Aloha who wrote (52912)11/14/2007 6:10:09 PM
From: Jirobe  Respond to of 78403
 
I bought CCU on Monday @0.15. I hope they don't go bankrupt.



To: Mr. Aloha who wrote (52912)11/14/2007 6:24:52 PM
From: heinz44  Respond to of 78403
 
Bought some when you? mentioned it. bought more yesterday Thanks



To: Mr. Aloha who wrote (52912)11/14/2007 10:45:46 PM
From: marcos  Read Replies (1) | Respond to of 78403
 
ccu.to - two green days in a row, it's not dead yet, could be just a d.c.b. but i'm thinking of adding a very few anyway ... current average just under .16 probably, started too early at .18 then didn't get in a dime bid in time ... have you checked out the debenture ccu.db, i see some offered at 60, have no idea whether they'd be a good idea, but expect they're classed as creditors who are way ahead of shareholders in the lineup on b.k. proceedings, so maybe a decent risk/reward balance

There is so much we don't know about it ... how is the leaching going exactly, whether the cold will knock it back below positive cash flow point ... how much cash do they have today exactly and what is burn rate ... but it does sound like a JV coming doesn't it - i doubt a loan because why would you loan these guys money when you could get a piece of the action cheap ... assuming it's a viable mine, but if it isn't you wouldn't loan them anything either ... the other properties have considerable value too, it is said, need cash to develop them though so they're not likely to do Cancellation Copper much good in the near future



To: Mr. Aloha who wrote (52912)11/26/2007 3:44:02 PM
From: roto  Respond to of 78403
 
added CCU @ 7 1/2..hope not t/b a statistical failure. it's worth the gamble at this pps.

strangely quiet with EPM as news should be forthcoming.


**European Minerals Corporation: Varvarinskoye Update
11/7/2007
- Plant Commissioning has Commenced
- One Million Tonnes of Ore on Stockpile
- Drilling for Additional Mineralisation Underway

LONDON, ENGLAND, Nov 7, 2007 (Marketwire via COMTEX News Network) --

Project Update

European Minerals Corporation ("EMC" or the "Company") (TSX:EPM)(AIM:EUM) is pleased to report that the staged commissioning of the process plant at its Varvarinskoye gold/copper project in Northern Kazakhstan is proceeding on schedule. Mechanical testing of the major items of equipment is complete. This "cold" commissioning phase is being managed by the Company's in-house commissioning team, which has considerable regional and cold weather experience. The commissioning team has been on site since early October 2007, initially training the Company's process plant operators and assisting the construction team in preparation for the "cold" commissioning of the process plant.

Mining in the central pit is ongoing and over one million tonnes of various ore types have already been delivered to the run of mine stockpile to be available for crushing and delivery into the grinding circuits.

The Company plans to begin introducing ore into the process plant by mid November 2007 and this will mark the commencement of "hot" commissioning. This phase of the staged commissioning will continue through the winter months with the objective of gradually building up the daily throughput tonnage until the process plant reaches its design rate of 4.2 million tonnes of ore per annum. The Company expects to achieve this initial annual throughput rate during Q2 2008, assuming no delays are experienced due to winter commissioning. The commencement of the "hot" commissioning stage by mid November 2007 should result in a first gold pour before the end of December 2007.

Bert Kennedy, President and CEO commented today:

"As forecast 12 months ago, our Company has successfully met its target of commencing cold commissioning of the Varvarinskoye process plant in October 2007, despite late delivery of some final pieces of equipment and some minor last minute equipment modifications. For that our thanks go to everyone involved in this major achievement.

With the introduction of ore into the plant in the next few weeks we face full commissioning over the winter months. While this is not ideal, it is something we have planned for and we are confident that our staff will meet this challenge with the same resolve that has enabled us to complete construction on schedule.

We are still on target to reach commercial production by the end of Q1 2008."

Additional Drilling
During September two diamond drilling rigs were mobilised at Varvarinskoye to undertake drilling to delineate additional mineralisation within the current mining limits and beneath the planned pit bottom. Results from this drilling will be reported as they become available.

In addition, a 2,500 metre drilling programme will commence shortly to test various gold and copper geological anomalies within the 220 sq km exploration licence which surrounds the 3 sq km Varvarinskoye mining licence.