Trading Bougainville Copper (ADRs) 867948

https://www.postcourier.com.pg/opposition-leader-slams-delay/

https://www.postcourier.com.pg/...supervisory-body-meeting-kicks-off/  

https://abg.gov.pg/index.php?/news/read/...t-supervisory-body-meeting  

https://abg.gov.pg/index.php?/news/read/...sory-body-meeting-outcomes  

https://www.looppng.com/png-news/jsb-meeting-commences-pom-125894  

https://www.nbc.com.pg/post/12304/jsb-gets-underway-at-apec-haus  

'and that the BCL Shares Certificate be handed over to the ABG by the end of May 2024.'
aus https://abg.gov.pg/index.php?/news/read/...sory-body-meeting-outcomes  

Ich kann mich nur dem Autor eines anderen Forums anschliessen: Heute ist ein guter Tag für die Freunde von BCL und die Menschen von Bougainville!  

Ja lieber Yeti,
so ist es :-)
Die Märkte werden dies nun langsam realisieren und passend zu Himmelfahrt beginnt die Erkenntnis und der Aufstieg von BCL
Weiterhin alles Gute an alle Freunde von BCL und auch die die Menschen von Bougainville.
Deren Freiheitskämper haben Dank der Klugheit von Präsident Toroama vermeintlich utopisches erreicht. Auch wenn dies im Moment noch nicht richtig erkennbar ist. Die Weichen sind nunmehr klar gestellt! Der Zug rollt und der Umstieg der Welt hin zur weiteren Elektrofizierung wird aus der Dampflok  BCL (auf dem Abstllgleis) Stück für Stück einen ICE und mehr machen... Im Film "Zurück in die Zukunft" gab es mal dieses Bild von der Dampflok der Zukunft... So wird auch die Entwicklung von BCL laufen...
:-)  

Damit dürfte der letzte Bremsklotz weg sein...
Aber D ist wie immer komisch ... in Mü Kauf zu 0,37 und Stuttgart Verkauf zu 0,368...

Aber die Kurse werden sowieso in Aus gemacht... Wird eine spannende N8  

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https://www.thenational.com.pg/...n-exploration-and-development-work/

Die politischen Gespräche zwischen beiden Parteien bargen das Risiko der plötzlichen Eskalation was indirekt auch noch Risiken für den Vollzug der Übertragung der Anteile von PNG an die AGB bis Ende Mai beinhaltete.
Daher ist die nunmehr erfolge Einigung den Weg der exteren Moderation zu gehen, eine sehr gute Nachricht!
Zunächst wird gemeinsam ein Moderator gesucht.
Solange wird es kaum zur Eskalation kommen und bereits Ende Mai wird dann der Übertrag der Aktien vollzogen sein - sofern Marape seine Zusage auch einhält was ich sehr hoffe.
Dann kann David Osikure auch seinen Stufenplan zur Inbetriebnahme bekanntmachen und umsetzen, was aus strategischen Gründen ja zunächst verschoben werden musste da die AGB sich ja (wegen der Höhe der Stempelsteuer) ja sonst selbst geschadet hätte.
Auch die endgültige Lizenzerteilung kann und wird dann voraussichtlich schon sehr bald erfolgen, damit die Menschen von Bougainville endlich das erhalten was ihnen zusteht und wofür die Freiheitskämper gekämpft hatten.

Quelle (Moderation):
https://www.postcourier.com.pg/...-on-moderator-to-fast-track-issues/  

https://www.riotinto.com/en/news/trending-topics/panguna-mine

https://www.abc.net.au/pacific/programs/...ugainville-talks/103824004

https://www.abc.net.au/pacific/programs/...fic/bougainville/103832898  

https://www.thenational.com.pg/...l-powers-to-abg-pm-tells-ministers/

Bougainville Copper Limited, or BCL for short, is the best-placed company to rehabilitate, re-engineer, re-finance, re-resource, construct and to operate the giant Panguna copper-gold deposit on Bougainville going forward. BCL is well-placed to tap into global mining and investment networks.BCL efficiently operated the world’s giant copper-gold mine from 1972 to 1989 when it was forced to shut down. It remains closed today. As it is, the Panguna deposit in real terms, has no real benefit to Bougainville, Papua New Guinea, landowners and wider shareholders. Panguna and the copper-gold rocks it hosts remains today just that … rocks in the ground.To this day, BCL maintains an extensive corporate and technical data base, going as far back from exploration, advanced exploration stages, prefeasibility stage, feasibility, construction and operational stages.The technical database is a uniquely powerful and invaluable resource. BCL’s technical team stands ready to reactivate this database on the agreement and legal permission of the Bougainville Government, Papua New Guinea Government and landowners within the current confines of the Bougainville Mining Act 2015.No company in Bougainville, Papua New Guinea, Australia or anywhere else have in their possession such as vast database as what BCL has for the Panguna deposit and mining including other related issues such as environmental, human resources as well as social and landowner matters.BCL of course has historical “mining footprints” on Bougainville. Clearly, over the years of operations there were environmental negatives. These environmental negatives certainly must not be repeated on the new Panguna mine development; modern mining practices must be instituted to the world’s best standard of mining. This new Panguna mine development will also be based on BCL equity arrangement.Rio Tinto in 2016 off-loaded it’s 53.7% stake in Panguna to Papua New Guinea and Bougainville. This decision has seen majority ownership transferred to the people of Bougainville and PNG.Recent discussion and subsequent public announcements by the government of PNG is to transfer shares to the people of Bougainville.In recent times several external companies have shown interest in the Panguna copper-gold deposit. These companies are not majority owned by Papua New Guinea, Bougainville, Panguna landowners or ordinary Papua New Guineas or Bougainvilleans in any form.My advice to the Bougainville government, Panguna landowners, and all ordinary “mums and dads” on Bougainville, is to support BCL to develop Panguna. One day when BCL declares dividends, most of these dividends will remain in Bougainville. This would be the greatest form of economic independence for Bougainville alongside other strengths like copra, cocoa, tourism and fisheries.

https://www.pngbusinessnews.com/articles/2024/5/...velopment-projects

Da wird es noch einiges zu besprechen geben, siehe Solomonen...  

Ich halte Toroama und Marape für durchaus erfahrene Leader, daher werden sie sich die Zusammenarbeit mit keinem der beiden Partner/Blöcke ganz verbauen wollen. Sollte China für Infrastruktur in Betracht gezogen werden, wird die Rückzahlung der Verbindlichkeiten auf Basis des Ressourcenreichtums für AGB auch kein grosses Problem darstellen. Daneben gibt es auch noch das historische Naheverältnis zum Commonweath und damit AUS/RT.
"At the end of the day" wird es rein aus finanzieller Hinsicht für BCL "egal" sein, woher das Invest kommt. Wesentlich ist der Aktienübertrag bis Ende Mai und ausgewogene und "weise" Entscheidungen von Toroama... (daher vermutlich dual...)
Ich drücke die Daumen - die Entscheidungsträger sollten - auf Grund von Erfahrungswerten der vergangenen Jahre - ausreichend Bescheid wissen, womit sie "zu rechnen" haben.
 

Lokales Management, viel in "Re-gaining Trust" und damit Vertrauensarbeit investiert und bald im alleinigen Eigentum von ABG etc....
Unsere BCL ist einfach zu einem unglaublich schmackhafter Leckerbissen für viele Interessen geworden... :)))
Bessere Vorraussetzungen kanns nicht mehr geben...  

Genug Erfahrung hat er ja ;-))

Mr. David Miringtoro Osikore, B. Sc., MAusIMM, serves as Managing Director of Pacific Niugini Minerals (Png) Limited, a subsidiary of Pacific Niugini Limited. Mr. Osikore serves as Managing Director of Hill 50 Ltd. and Abelle Ltd.
Mr. Osikore serves as the Chief Executive Officer of Harmony Gold Australia Pty Ltd. He serves as Senior Geologist at Aurora Gold Limited. He serves as Managing Director and Chief Executive Officer of Bougainville Copper Limited since February 8, 2024 and serves as its Director since August 23, 2019. He was an Independent Non-Executive Director of Bougainville Copper Limited since August 23, 2019 until February 8, 2024.
He served as PNG Exploration Manager for Harmony Gold after their take-over of Abelle Ltd. He has an extensive exploration experience working for groups such as Bougainville Copper Ltd., Placer Dome, Ingold and Renison Goldfields. He has an experience in the exploration and mining industries. He has considerable experience in dealing with all levels of PNG business, government, landowner communities and government agencies.
He serves as the Chairman of the Board of Metals Exploration Ltd. He has been Non-Executive Director of Chrome Corporation Ltd., since September 2009. He has been a Non-Executive Director of Pantoro Limited from November 1, 2014 to October 5, 2016 and previously served its Executive Director from August 31, 2008 to November 1, 2014. He commenced his career with the Papua New Guinea Department of Mines, attached to the geological survey division and went on to work with various exploration and mining companies, including BCL, Placer Dome Group of companies, Ingold, Renision Goldfields Limited, Porgera Joint Venture, Misima Mines, Placer PNG Explorations, Aurora Gold, Abelle Limited, Morobe Consolidated Goldfields, Harmony PNG and Pacific Niugini Minerals Limited.
During his career Mr Osikore has served in roles ranging from exploration geologist, Director and managing Director. He is also currently on the Board of Pacific Niugini Minerals PNG, a limited subsidiary of Pantoro Limited. Mr. Osikore holds a Bachelor of Science Degree (geology) from the University of Papua New Guinea and is a professional Member of the Australian Institute of Mining and Metallurgy (MAusImm).

https://www.thenational.com.pg/table-referendum-result/

forgot to go from 30 mt/year mining rate to 60 mt/y







Adding on the recent gains in metals as 100 % ebita


the biggest leverage to copper on the asx




gold 2300, copper 10,000 and silver 28



$300 gold x 15 tonnes x 35274 ounces to tonnes = 158 m
$2000 copper x 180,000 tonnes = 360 m
$8 silver x 50 tonnes x 35724 ounces to tonnes = 14 m
so increase is 532 m a year US or 800 million aussie

based on 31 mt/year

on 60 mt/y you get an extra billion US per year

or 2.75 US b per y based on previous assumptions


gunna make $AU 4 b a year at current price


plenty of guesses

dyor, cavet cavet, probably never be a mine, tonnes of country risk

So this is all grain of salt stuff based on 1988 production, ore throughput and revenue split

The order of magnitude study in 2016 says ore throughput of the new mine will be 60 mt a year, increasing to possibly 90 mt a year


From the 1988 final production report that ive previously posted -

31 mt of ore went through the mill.

production was 180kt of contained copper, 15 tonnes of gold and 50 tonnes of silver

36 % of sales were converted to Earnings before tax in 1988

Everybody knows that this is 1988 earnings, and costs have changed but refining has got better.

using gold at US$2000, Copper at US$8150 /tonne and silver US$22

Therefore gold at $US71 m a tonne and silver at US$ 0.8 m/tonne

So in the last year of production there was US$1,467,000,000 copper, US$1,065,000,000 gold and US$39,000,000 silver produced

So metal produced on 31 mt was US$2.5 Billion at current prices

on 60 mt thru the mill you get 60/31 US $ 4.9 B revenue

using 0.35 earning before tax multiple you get $US 1.75 billion a year earnings before tax ( then you got interest depreac etc)
BOC  Price at posting: 61.5¢ Sentiment: Hold Disclosure: Held

https://abg.gov.pg/index.php?/news/read/...ad-of-public-consultations