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BGF Ballarat Gold

12.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ballarat Gold LSE:BGF London Ordinary Share AU000000BGF7 ORD SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 12.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ballarat Gold Share Discussion Threads

Showing 401 to 425 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
05/5/2006
10:37
hi 12vic- interesting article . But always the possibility of a correction when every man and his dog are bullish . But only a small dip this morning and all we can do is keep an eye on chart! BGF only up 1 cent in OZ but most gold specs did not perform well . Blue chip gold stocks moved higher of course and they react to daily movements much more than the specs . Let's hope the gold price is still roaring when BGF is a producer !
arja
05/5/2006
08:21
Morning all - nice article Estobar - as you say BGF static at the moment , people waiting for production to be established and this is taking time ..

Arja looks like the gold party will continue - Miners no longer want to hedge production so they must be expecting better prices to come .

12vic
05/5/2006
07:58
Rather bullish article... doesn't seem to have helped the share price much though.


Gold mine hails unexpected find
Friday, 5 May 2006

BALLARAT Goldfields says it has unearthed its biggest gold deposit in years with the discovery of a large fault system dubbed Blue Whale.
Over the past two years, Ballarat Goldfields says it has noticed that some of the deeper fault zones - or breaks in the rock - contain higher amounts of gold than the more heavily mined shallow faults found in the 1850s.

Recent deep drilling at the southern end of the Ballarat East field led to the discovery of the Blue Whale fault system, which Ballarat Goldfields believes could be twice as rich as the historical mine.

The Blue Whale fault has raised expectations because it lies next to the famous Eureka Lead, which reputedly had one of the highest gold concentrations in the world.

The depth of the current mine plan is 800 metres but the new Blue Whale fault is believed to plummet more than 1500 metres below the surface.

Ballarat Goldfields geology manager Steve Olsen said the company was reviewing its mine plan to take advantage of the unexpected find.

Mr Olsen said the newly discovered gold had a grading of between 17 and 20 grams of gold to the tonne, compared to the historical average of eight grams.

He said the company aimed to produce up to 200,000 ounces of gold per annum by 2008.

estobar
04/5/2006
08:55
hi 12vic,
hope you enjoyed the break . Glad to see AIM move to 16 cents in OZ nad only back off half a cent last night . Good luck with it . BGF is such a stodgy performer although most gold stocks were hammered in OZ last night . I had bad service from my OZ online broker ( waited a few minutes to put order on checking whatever ) and cost me quite a bit on selling my LHG warrants! Often it is out of our hands but sickening ! My aussie mate is is AIM also and likes it's prospects . Gold price struggling at present and i wonder if the party's over !! probably not !

arja
03/5/2006
16:45
Excellent article - a slightly more extreme version of my own bullish silver sentiment .
12vic
03/5/2006
15:27
Hello Arja / Laserdisc - have just got back from Le Touquet so not ignoring posts . I guess the move down on Bgf was expected after quarterly , but appears now to have settled at 18 . I will continue to hold as the story hasn't really changed on a medium term basis , BGF should become a profitable company . Maybe you will be tempted back in later Laserdisc ?
Unexpected suprise to find Aimr at 7p on my return , first thoughts were that financing had been arranged , yet to read rns but now understand this relates to drilling plans only . I expect Aimr could trade within 10 - 14p range on successful funding announcement - looking very good at the moment with plenty of interest .

Am about to read your silver article Arja .

12vic
28/4/2006
06:42
hopefully will get support at 40 cents but , with gold price holding up well, it is disappointing performance along with most other OZ gold stocks. The markt never fails to surprise - "expect the unexpected " as my Aussie mate always said !!
Have a nice weekend fellow posters .

arja
27/4/2006
08:28
12vic thanks for all the info you supplied me over the months on this one sold out last week on a t7 & settlement tomorrow so i am thinking of topping up my ridge mining with the funds presently 57p. i have been in that for some time & topped up on the dips feel its def worth 50p at present another not yet producing but all finance is in place good luck with your investments & aimr
laserdisc
26/4/2006
17:12
12vic,
A ukrainain friend of mine sent me two links on silver and I thought they might interest you . They are very long articles but I might look at them at weekend!

arja
26/4/2006
16:35
12vic,
nice to see gold up to $639 and hope it holds until OZ time and helps BGF put on a few cents . I only hold one other gold situation which is warrants in LHG so hope to take profit in those if I can get up in night ot sell !! I had to go out this afternoon so missed a spreadbet opportunity in gold !
I checked the chart of HMB mentioned above and is NOR situation if breaks 15 . BUT , I am sceptical of some of these specs having had my fingers burned in the past !

arja
26/4/2006
07:40
Check out HMB today before it's too late!
They've just acquired their mining license this morning!


"Hambledon's known resource, under the JORC code, is an open pit and underground estimate of 1.4 Moz of gold. In addition, there is a resource of 2.2 Moz silver. Adding extensions and newly acquired areas, the total amount of gold estimated on the licence area is now 3.5 Moz. The strip ratio for open pit mining is very low at 1.22:1 and a cash cost of $250/oz has been estimated.
A production rate of 30,000 oz/y gold is envisaged. The cost of developing the
open pit and a plant is estimated to be about $17 million."


DYOR on STI / ORM as well

xbh91
26/4/2006
07:40
Unfortunately do not have enough control of my time at moment to effectively manage spreadbetting . Looks like BGF have encountered the usual teething / timescale problems that hit most mine start ups - proper production is still going to be some time . I will probably hold as the story is still the same in the medium term - JP Morgan chase have upped holding from 6.13 to 7% of the company with most recent buying at prices up to 49 cents - strong indicator of their underlying expectations . I think this blue whale they refer to has got the BGF staff excited - but as you say progress update not quite as expected .
12vic
26/4/2006
06:57
hi 12 vic,
3rd quarter report not too inspiring if i am reading it right . may be reason for fall to 45.5 cents although most junior gold stocks were down last night ! Chart shows a MINI double top although that is not so meaningful. I think I will hold on to my remaining holding but getting impatient ! Spreadbetting fairly profitable thanks . How are you doing ?

arja
25/4/2006
07:35
Quarterlies should be out any day now , probably end of week or maybe Monday . Has been very quiet for a while so hopefully we can expect an in depth project update . How's the spreadbetting Arja ?
12vic
20/4/2006
19:19
my god- what an unexpected plunge in gold price today ! I notice silver price also took a hiding so maybe gold fell in sympathy. I wonder what triggered it ??! Hopefully it will not affect our BGF too much as it did not react much when gold price roaring !
arja
20/4/2006
07:42
BAU is another gold stock I play through spreadbetting although quite wide spread . It is a canadian stock ( code is BGO) and closed at £2.97 equivalent in canada . Lovely chart but should keep going if gold price continues upwards ! But DYOR of course and be careful - good luck
arja
20/4/2006
07:32
I think trusts are better if you can not watch thev market almost full time as you are not caught out if one stock has an unexpectedly bad announcement . have faith in the chart . Another dull performance by BGF in OZ sadly but, as 12vic pointed out, maybe awaiting the announcement .
arja
19/4/2006
10:40
thx arja never invested in trusts before but mlw looks really interesting
i'm in gfm as well but congratulations on cfm wow :)

polish_student
19/4/2006
09:08
polish_student,
CFM and GFM are ones I trade but need watching carefully. I do it through spreadbetting normally. MLW is another and MNE and OPT are others but those are slow movers . Most shares have ot be watched like a hawk but MLW is safer as it is a TRUST and has a lovely chart .

arja
18/4/2006
20:27
I think the lack of news from BGF seems to be the main factor holding it back at the moment - perhaps this will be solved by the forthcoming quarterly and we can move on . Gold and silver currently through the roof $621 and $14 - uncharted territory for many investors !
12vic
18/4/2006
12:06
arja i would like to know ur other investments if this one is a slow runner :)
polish_student
18/4/2006
09:08
hi 12vic,
Very interestimg points you make on the fundamentals. A pity BGF is such a slow mover compared to some gold stocks but going the right way . a lot of shares in issue probably does not help. But not a time to sell!
i must think about a spreadbet on silver but quite a wide spread.
Bema gold in Canada has a lovely chart and I am thinking of going in through a spreadbet . BAU is code in Uk and price is canada closed at about 277 pence .
good luck

arja
17/4/2006
21:47
Arja Gold at $613 , Silver $13.56 , weak dollar + Iran situation starting to have major influence . My feeling gold may get stronger yet , the problems being caused by Iran's proliferation will not disappear overnight . I think silver run is only really just beginning and we may see it re-adjusted against gold . Major users of silver are now struggling to get hold of the metal at prices that suit them , interesting article on Kitco about Kodak / Agfa having to raise prices of their own products to cater for this . When major users of a commodity lose influence over their suppliers pricing it can only mean perceived long term supply shortage . Next week could be important turning point ???
12vic
14/4/2006
15:34
Looks like Gold will be holding around $590 - $600 mark for the time being . Have just revisited the BGF pre-feasability study , average estimated cost per ounce over project lifespan US $249 at current exchange ( this is total cost not cash cost ). $351 an oz profit - perhaps too much to realistically expect as total cost per oz will surely be higher at start of production cycle . I'm not holding tight for any fantastic production figures in the quarterly as it's probably to early in the plant life for any sort of production routine to have been firmly established or even all of the plant to be properly on line . Previous Quarterlies released in last few days of April around 28th - no doubt large holders like Capital group have far greater access to company progress updates than the likes of us .
12vic
12/4/2006
16:07
Interesting find Arja , I'd meant to comment on Capital Groups holding myself - the nice element here is that capital have bought a lot of shares at 46.5 cents . They must feel BGF will move above and beyond this sub 50 cent level to justify their recent investment .
12vic
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older

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