Bullion Res Share Discussion Threads

[greenspamster] 17/6/2004 16:50

Think this will quickily double if a decent project is brought IMO.

[shiny000] 15/6/2004 23:45

Press coverage for you guys

Bullion Resources closed unchanged at an all-time low of 3.25p, which is not good for shareholders, as the company floated at 40p back in 2002. But yesterday it emerged that Golden Prospect, the AIM-listed gold mining investment company, has recently more than doubled its holding to 11 million shares, or 23.9 per cent

[simonevans] 15/6/2004 22:12

Yes, a very positive sign today imo. Looks like Golden Prospect ar going to line something up for this shell.

[wassapper] 15/6/2004 18:42

They have raised no money. GOL bought the shares - 8m of them. There is a deal being struck here. GOL need a return on their inital investment. The rise in valuation when it comes via a new deal will be substantial. They will try to raise at least £600k as per last RNS.

[greenspamster] 15/6/2004 16:14

Interesting shenangins going on with this one - why raise the money now? Surely make sense to get the project in and run the price and then raise the money..

[greenspamster] 13/5/2004 09:36

Snap something we agree on Energyi

[energyi] 10/5/2004 16:20

Looking interesting at these low levels

[greenspamster] 07/5/2004 10:40

At least the selling has stopped looks like a well established base to push on from.....I must be dreaming now when will the management pull the finger out and do something.

[greenspamster] 19/4/2004 10:51

Agree totally don't like to see such things. Bullion has been the forgotten one of the whole sector but for very good reason. With the board changes hopefully these guys can bring some new projects on board. Would be suprised given the amount of projects shown to Malcom Burne that he couldn't find one suited for this shell. With the law suits tied up it has opened the ways for new projects. Who would be interested in backing their projects in when huge potential law suits where hanging over the company? Interesting days lie ahead IMO.

[simonevans] 15/4/2004 20:26

Yes, another sure sign that we are over the peak in the mining sector bull run imo. Not much froth in the share price of Bullion though!

[bookshop] 15/4/2004 19:41

A new book is published today on the mining sector-

Title: An Insider's Guide to the Mining Sector
Subtitle: How to make money from gold and mining shares"
Author: Michael Coulson, Chairman of the Association of Mining Analysts
Publisher: Harriman House
Release date: 15 April 2004

The book can be ordered from the ADVFN Bookshop-

[greenspamster] 18/3/2004 14:38

whooops big sell 300k

[greenspamster] 12/3/2004 16:55

Can smell something going on out there....

[andrbea] 12/3/2004 14:53

up 16% today

[simonevans] 05/3/2004 18:26

good point - not exactly a timely release of info.

[glmorris] 04/3/2004 19:37

The record of the hearing, charges, verdict and sentence were released to
Bullion on 6 February 2004 and the latter three are stated below.

That will explain the rise mid February, and this is an honest market? My ar$e it is.

How is it that we find out a MONTH later???

[greenspamster] 04/3/2004 15:45

All this already in the public domain. New project in the short to medium. Makes no sense why not get a project now and avail of the limelight on the resource sector.

[greenspamster] 04/3/2004 15:44

Bullion Resources Plc ("Bullion" or "The Company")

4 March 2004

Statement re Dr Vermaakt

The Directors of Bullion Resources plc ("Bullion" or "The Company") announce
that The South African Council of Natural Scientific Professions ("SACNASP") has
released their inquiry findings in relation to the complaint against Dr
Vermaakt. This complaint arose from Dr Vermaakt's Competent Persons Report which
formed part of the prospectus of Bullion published on 5 June 2002.

The record of the hearing, charges, verdict and sentence were released to
Bullion on 6 February 2004 and the latter three are stated below.

Charges

1. Dr Vermaakt by his action transgressed the SACNASP code of Professional
Conduct.
2. Dr Vermaakt by incorrect calculations and reporting misled members of the
public.
3. Dr Vermaakt transgressed the accepted international norm of Competent Persons
reporting, namely transparency, materiality and competence.


Verdict

Dr Vermaakt was found guilty of all three charges

Sentence

1. Accordingly, Dr Vermaakt was suspended from practice for 12
months.
2. The sentence was suspended for 12 months subject to Dr
Vermaakt not committing a similar transgression.

These findings support the action taken by the Non Executive Directors of
Bullion in ceasing operations, changing and relieving executive responsibilities
and appointing Lion Mining Finance Ltd ("LMF") to:
- investigate the viability of recommencing operations
- conduct an investigation into the technical veracity of the resource
- assess the planned mining operations and processing plant
- assist in the identification, valuation and negotiation of a
substantial future acquisition.

Based on the information contained in the LMF report and the findings of the
SACNASP inquiry, the Board of Bullion are currently evaluating their possible
remedies.

In the last Chairman's Statement, the Company advised shareholders that it would
conserve its cash and seek a substantial acquisition aimed at restoring
shareholder value. The Company and its subsidiaries are presently functioning at
minimal cost level whilst pursuing the acquisition mission. In conjunction with
LMF, several opportunities were explored of which three were pursued into
desktop due diligence, whereafter negotiations were terminated.

The Board continues to review opportunities and are optimistic that an
acquisition will be concluded in the short to medium term.

Contact:

Johan Meiring Bullion Resources Plc 0208 939 0111

[greenspamster] 04/3/2004 15:41

sorry scratch that....nooop

[skiski] 04/3/2004 07:55

Are we going up today?

[safman] 01/3/2004 11:16

a keen 100K buy at 6.25p... above offer...

[jezinho] 24/2/2004 12:17

Not sure how much longer I can stay on the sidelines. The silence re new prospects/direction is very loud! Another day or so down to 4/4.5p will do it.

[greenspamster] 24/2/2004 11:39

Agree but there has been no rumours or anything. There was rumours they would get Oxus base metal assets and even Cluff's gold assets but these are being lined up for their own listing.

There are 100's of old projects being shown around due to the rise in commodity prices and even a rumour of one will get these baby motoring BUT WE NEED SOME SORT OF RUMOUR ETC