Trading Bougainville Copper (ADRs) 867948

BOUGAINVILLE COPPER LIMITED announcements
http://www.asx.com.au/asx/research/...o.do?by=asxCode&asxCode=BOC
http://www.asx.com.au/asx/statistics/...isplay=pdf&idsId=01543246

Rio Tinto to review options in Bougainville Copper Limited
18 August 2014
In light of recent developments in Papua New Guinea, including the new mining legislation passed earlier this month by the Autonomous Bougainville Government (ABG), Rio Tinto has decided now is an appropriate time to review all options for its 53.83 per cent stake in Bougainville Copper Limited (BCL).
For some time, BCL has been involved in discussions with the Government of Papua New Guinea, the ABG and landowners about whether it would participate in a future potential return to mining at Panguna.  

Rio Tinto to review all of its options for Bougainville Copp
      18th§RIO: Rio Tinto to review options in Bougainville Copper Limited  

ist recht dynamisch:

Gerade:

 

 

http://210.193.160.7/netwealth2/depth/boc  

Kommentar auf HC zu:  RIO

Ann: Rio Tinto to review options in Bougainville Copper Limited

"Review all options" is usually code for "dump and run", but the market reaction on BOC shares seems positive so far this morning. Wait and see I guess.

mc117  

weiß jemand wie hoch der Bestand der citicorp noch ist?
 

sonst könnte man auch nichts verkaufen :-))

Glaube nicht das man sich von BCL für 60 Mio. trennen würde,dann könnte man sie auch in den Büchern lassen, könnte mir kurzfristig steigende Kurse vorstellen, da ja jetzt RT nicht an fallenden Kursen interessiert sein dürfte  

dann käme ching chon wieder ins spiel, die wollen die bous aber nicht. übliches waffen schärfen... und Position beziehen, bzw. bou zeigen, dass alles auch anders kommen könnte...  

Time(AEST) Price Volume Value Condition Codes

16:10:37 0.4700 500             235
15:45:47 0.4400 35,000 15,400
15:45:47 0.4500 5,000  2,250
15:31:59 0.4700 8,576  4,031
15:29:47 0.4800 1,750     840
15:19:55 0.4950 1,275     631
15:15:27 0.4800 10,000  4,800
15:02:26 0.4800 3,250  1,560
15:02:11 0.4600 1,424     655 XT
14:38:06 0.4600   909     418
14:36:21 0.4400 15,000  6,600
14:35:50 0.4600 31,000 14,260
14:35:50 0.4600 1,500     690
14:35:50 0.4600 17,500 8,050
13:18:11 0.4300 10,000 4,300
13:18:11 0.4300 16,571 7,126
13:16:24 0.4200 50,000 21,000
13:16:24 0.4150 200              83
13:16:24 0.4150 22,320  9,263
12:30:27 0.4100 1,300     533
12:29:31 0.4000 13,250  5,300
11:35:51 0.4150 13,700  5,686
11:35:51 0.4100 700             287
11:35:51 0.4100 600             246
11:07:08 0.4000 700 280
11:07:08 0.4000 600 240
11:07:08 0.4000 12,048 4,819
11:07:08 0.4000 30,600 12,240
10:00:14 0.4000 2,600 1,040
10:00:14 0.4000 2,400 960

mal schauen, wann die weg sind.
wo geht der kurs nun hin? nekro, gib mal nen tipp ab.  

......@ willi

Wenn die BÖrse das auch so sieht ----BBB BigBOCBang ;-))))

http://ramumine.wordpress.com/2014/08/18/...-theatrical-extravaganza/

August 18, 2014 · 12:11 pm
↓ Jump to Comments
Bougainville’s Transitional Mining Bill was a Theatrical Extravaganza

Industry Insider

Oh we have seen a ballet of bull**** over the past week.

And it was choreographed over a little chat between Rio Tinto/BCL, the ABG, its legal advisor and the Aussies  – with the final touches being added several days before the mining transitional bill was very abruptly presented to, and passed by the ABG.

During these discussions the plan was hatched to pull the wool over people’s eyes.

You generally don’t meet the week before with Rio Tinto/BCL, if you are about to bust their chops wide open. You only meet if you want to jointly manage public perceptions, as they call it.

President Momis is hurting – most people see him as a puppet of foreign advisers (a reputation he earned back in the 80s). He needs to look like he has taken a stand for Bougainville, while selling it down the drain to a company who many regard as corporate killers. Not an easy task.

So the ballet began last week!

The legislation we were told gives landowners ownership of the minerals (not true – if I own my house, I can decide who comes in and who doesn’t … regardless of the situation … under the act if the landowners let the miners through the door and they start busting up the furniture … tough, they have no right to eject them).

And then get this, we were told Rio Tinto/BCL has been stripped of their rights – Momis the great liberator has arrived!

On cue BCL was outraged, steaming with anger.

It was a good old pantomime.

And the BS headlines began rolling in, as had been planned:

   ‘Rio Tinto subsidiary takes legal advice after being stripped of its Bougainville mining licences’ (ABC)
   ‘Bougainville Copper stripped of licences’ (PNG Industry News)
   ‘Miner not happy with Bougainville Mining Bill’ (Post Courier)

And then suddenly you have the sword wielding President prancing around on the political stage, claiming he has slayed the Rio Tinto beast, while his sycophantic offsiders applauded.

Tick tick tick. How long before we get to the last Act, where a humbled Rio Tinto bows before the slayer John Momis, and humbly ask to return.

About a week.

   ‘Rio Tinto’s Bougainville holds out hope for project’ (Mining Weekly)
   ‘Bougainville hopes mining giant embraces new law’ (Radio New Zealand International)
   ‘Bougainville Copper to pursue dialogue’ (PNG Industry News)

We are now told …

   ‘Bougainville Copper says it will continue to pursue dialogue with landowners in Bougainville to assess the viability of reopening Panguna copper mine’.

   ‘As a result, when the Bougainville Mining Act begins, section 212(2) will vest Bougainville Copper with an exploration licence for the area where a mining lease was previously held for the Panguna mine. That exploration licence will give BCL the right to apply for a mining lease under the Bougainville Mining Act, while the grant of a lease will depend on the outcome of negotiations in the Bougainville mineral resource forum’.

And what does BCL’s Peter Taylor tell us

   ‘Dialogue will continue with both governments and landowners in an effort to reach agreement on providing the company with the assurance it needs to go forward with community and study programs that are required to further assess the viability of reopening the mine’

Friends we call that good perception management. A theatrical extravaganza was planned for all and sundry. You had your redeemable villains, Rio Tinto/BCL, you had your hero, John Momis, you had your action, the stripping of BCL’s leases (well not really), and then you had your moment of redemption, Rio Tinto/BCL to enter dialogue, chastened by the good President.

It was a good show used to obscure the fact that landowners at Panguna have just got shafted, and Rio Tinto – i.e. the villain – to the kingdom.

Cue the audience applause.

..........die Pritzker Offerte (3,40 US) u. Chan/PNG (7,50 AUD) Offerte, welche RIO abgelehnt hat im Hinterkopf behalten. ;-))))

 

mal sehen, wohin es geht. kommt auch nur ein wenig drive rein......
dann sind 0,6 aud.... also gut 40 eurocent absolut schnell drin!
auch was für ganz fixe trader. oder?  

LONDON (Alliance News) - Rio Tinto Group PLC is to review its controlling interest in the company behind a Papua New Guinea mine with a potential gold and copper resource worth over USD60 billion, Bloomberg reported Monday.
Laws passed by the provincial government of Bougainville in Papua New Guinea this month prompted Rio to review its 53.83% stake in Bougainville Copper Ltd, the operator of the Paguna mine on Bougainville Island, the news service reported.
Bloomberg quoted Adrian Wood, an analyst at Macquarie Group Ltd, saying that, should a sale take place, Rio has shown it is "adamant that it isn't giving away assets cheaply at the moment," adding the company will not sell the business if it doesn't get value.
Rio decided to retain its diamond businesses after it failed to identify a buyer and decided against an initial public offering for the unit last year. It also dropped plans to sell its Australian and New Zealand aluminium unit.

http://www.morningstar.co.uk/uk/news/...under-review---bloomberg.aspx  

.........könnte den BIGBOCBANG einläuten ;-)))))

100 Billion Resourcen gibts bei RIO garantiert nicht "für`n Appel und n` Ei" ;-)))

https://uk.finance.yahoo.com/news/...view-stake-closed-031846082.html

Rio Tinto (Xetra: 855018 - news) in early stages of talks with Bougainville government

* Sale of Bougainville Copper (Other OTC: BOCOF - news) stake an option

* Any reopening of mine would be years away -BCL Chairman (Adds comment from Bougainville Copper chairman)

MELBOURNE, Aug 18 (Reuters) - Rio Tinto is set to decide on its stake in a long-dormant copper mine in Papua New Guinea's Bougainville after the passage of a new mining law on the island, with the company possibly pulling out of the project after a quarter of a century.

The interim mining law converts Bougainville Copper Ltd's mining lease into an exploration lease. That can be converted to a mining lease if approved by the autonomous province's government, which now controls resources on the island.

"In light of recent developments in Papua New Guinea, including the new mining legislation passed earlier this month by the Autonomous Bougainville Government (ABG), Rio Tinto has decided now is an appropriate time to review all options for its 53.83 per cent stake in Bougainville Copper Limited (BCL)," the company said on Monday.

Rio Tinto declined to comment on what was the most likely outcome of its review or how soon a decision would be made. Selling its stake would be an option.

A secessionist rebellion on Bougainville in 1989 stopped mining at BCL's Panguna mine. The mine produced some 3 million tonnes of copper and 9.3 million ounces of gold over 17 years.

The company has been in talks with the government of Papua New Guinea, the Autonomous Bougainville Government and landowners about whether to return. BCL's chairman said those talks were at a very early stage.

Chairman Peter Taylor said it was unclear what Rio Tinto was going to do with its stake, but added that he did not expect BCL to buy it.

He did not know whether any company has approached Rio to buy its stake in BCL, but said no firm had contacted BCL about a takeover or investing in development of the mine.

"BCL is committed to reopening the mine," Taylor told Reuters by phone from Sydney, adding that BCL would need to complete a bankable feasibility study before deciding whether to go ahead with the project.

It would then would need to gain a mining lease, order equipment, rebuild some roads and an export port.

"At the most optimistic, it's going to take a lot of years to get this mine open even if everything goes right," he said.

Bougainville Copper shares rose 2.5 percent to A$0.41 in a flat broader market.

(Reporting by Sonali Paul; Editing by Michael Perry and Joseph Radford)

Potential $60 Billion Mine in Play Under Rio Stake Review


.....The world’s second-biggest mining company opted to keep its diamond businesses after failing to find a buyer and deciding not to pursue an initial public offering of the unit, it said last year. It also dropped a possible sale of its Australian and New Zealand aluminum unit.......

Bougainville’s autonomous parliament said in an Aug. 12 letter that new laws may affect the unit’s mining rights and leases, Bougainville Copper said in a filing.


kpl. auf >>
Quelle : http://www.bloomberg.com/news/2014-08-18/...der-rio-stake-review.html  

110.000 Stück über Tradegate zu 0,30 €  

........usa   Nasdaq OTC Other      Bougainville Copper Aktie  WKN: 852652

ISIN: PG0008526520
Symbol: BOCOF


den Trend verstärken würde. ;-))))))  

an vermögen/anlagen im besitz von bcl.....
was kann man da falsch machen und nun mal mit dabei sein?
entweder gibts in kürze einen kleinen bigbang ..... open end....
oder man ist noch immer da, wo der reine wert eh ist.
31 cent sind ja nun bei betrachtung des charts der letzten jahre
sicher nicht überteuert und ein risiko mit bereits dickem
speku-aufgeld....... ich habe bei tradegate ausserbörslich heute auch
noch ein paar zugelegt.  

 

Möchte denn Bugainville die Wiedereröffnung?

Meiner Ansicht ja, sie wollten sich aber die Möglichkeit offen lassen eine andere Firma die Mine zu betreiben.

Passiert dies, gibt es defintiv keine Kompensationen, außer sie werden als Bedingung gestellt. Die Frage ist dann welche Firma geht das Risiko ein, ohne genaue Daten der Mine zu kennen?

Also bleiben nur zwei Möglichkeiten, vorausgesetzt die Mine soll eröffnet werden:

- RIO macht mit BCL die Mine wieder auf

- RIO verkauft seinen BCL-Anteil an einen Investor, der dann die Mine betreibt (so bekommt er auch Know-How)

Es kommt also nur darauf an was RIO lukrativer erscheint und mit welchem Risiko das abermalige Scheitern von BCL aufgrund von Unruhen bewertet wird.

Sorry für das posten dieser banalen Sachverhalte :)  

http://au.stoxline.com/...p?symbol=boc&c=ax&Analysis=Analysis