ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

CAN Central A.G.

0.55
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Central A.G. LSE:CAN London Ordinary Share GB00B1YQTS12 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.55 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Central African Gold Share Discussion Threads

Showing 826 to 848 of 1075 messages
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
DateSubjectAuthorDiscuss
23/1/2010
13:19
i meant they said last year they were selling there malian assets, meeting yesterday was just to confirm, either way goodluck to all CAN holders.
daytraders
23/1/2010
08:40
CAN Regulatory News Item : 100122can005304.htm
TIDMCAN

RNS Number : 0229G
Central African Gold PLC
22 January 2010

?
Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining
22 January 2010
Central African Gold Plc ('CAG' )
Update on Disposal of Malian Assets


Central African Gold Plc, the AIM quoted gold mining and exploration company, is
pleased to announce that the general meeting of Colonial Resources Limited took
place earlier today, at which, resolutions were passed enabling Colonial to
proceed with the acquisition of CAG's Malian assets ('the Disposal').


The announcement made by Colonial Resources Limited is included, in full, below:

buystock
23/1/2010
07:59
is this old oh yes yesterday 5pm. Colonial Resources have signed for Malian assets. Good, eh?
buystock
22/1/2010
17:47
also he's posting old news.
daytraders
22/1/2010
16:13
22/01/2010 15:42:14 0.95 208,856 O 1,984.13
buystock
22/1/2010
16:06
i have this ramping muppet buystock filtered.

suffice it to say i would only trust him as far as i could throw him.

robson1974
22/1/2010
16:02
is it a done deal CAG bets the farm on Zimbabwe gold
Allan Seccombe | Tue, 12 Jan 2010 14:06
[miningmx.com] -- CENTRAL African Gold (CAG) will advise shareholders within a month on plans to raise $10m towards restoring gold output at four of its Zimbabwean mines to around 50,000 oz/year.

AIM-traded CAG could possibly combine its two subsidiaries – the 85% owned and Zimbabwe-listed Falcon Gold Zimbabwe and the private wholly owned Olympus Gold Mines -- to form a single listed entity on the Harare bourse. It also sees the benefit of a potential listing on the JSE, CEO Roy Pitchford told Miningmx.

"We need a capital injection to stimulate the mines," he said. The management team is talking to potential financiers in South Africa and Europe.

"We are looking at a number of options. We are looking at project or debt finance within the Falcon Group. We are looking at raising some money via other investments. We should be in a position to decide on a way forward fairly soon, within a month," he said

buystock
22/1/2010
15:59
TICK UP AND 2V1 again talk on lse of a deal being signed if so whoooosh
buystock
22/1/2010
15:13
went 2v1 talk on lse of a jv very soon looks like the article has hit the nail on the head
buystock
21/1/2010
21:43
CAG seeks partners to develop Zim assets

Business Reporter

CENTRAL African Gold's board is engaged in the identification of strategic financiers and partners to further develop its Zimbabwean assets after shelving plans to dispose of them.

The company's chairperson and president, Mr Roy Pitchford, said the stated strategy of the board was to focus on the development of its Zimbabwean assets.

"To that end, the board continues to be actively engaged in the identification of suitable sources of finance and/or partners with which to develop further the Zimbabwe assets, to the benefit of all shareholders

"And also that the company is not currently examining a disposal of the Zimbabwe assets," said Mr Pitchford.

The group operates Dalny Mine, Venice Mine, Golden Quarry Mine, Camperdown Mine Quarry and Old Nic Mine.

Mr Pitchford had issued a statement saying several options were being considered, including further debt financing, introduction of strategic partners, and the sale of the Falcon Group, to investors who would undertake to provide adequate funding to fully restore the mining operations of the company.

He added that CAG was to advise Falcon Gold on the future plans for the company during the first quarter of 2010.

"We look forward to resolving the future of the mines in a manner that ensures their continued operation and growth and thereby providing a secure and prosperous future to all staff and management," said Mr Pitchford in a statement in December.

The decision by the board to reverse the intended sale of local assets comes at a time when the group said it would probably reinvest US$5 million realised from the disposal of its mining assets in Mali into its Zimbabwean operations.

CAG also secured a US$1,2 million loan to capitalise its Zimbabwean mines.

Recent reforms by the Government had given the group confidence to restart gold production, exploration and development programmes.

"Subject to financing, we anticipate bringing Golden Quarry and Camperdown into production during 2010, before developing various other target properties," Mr Pitchford said.

The group, in its annual report, said the board's experience remains that Zimbabwe is still a challenging environment in which to operate with ongoing and anticipated electricity shortages, a limited supply of skilled labour and very rundown plant and equipment.

However, it added that once the initial production levels were achieved, plans would have to be put in place not only to update the plant, but also to increase gold production to better reflect the potential of the extensive gold deposits owned by the company.

"After a turbulent start to the year, we are now focused on advancing our assets in Zimbabwe, which we believe offer excellent mid to longer-term prospects.

"The political situation in Zimbabwe remains challenging. However, we believe we are seeing the first green shoots of recovery," added Mr Pitchford.

He said substitution of the Zimbabwean dollar with the United States dollar and other hard currencies had vanquished hyperinflation and this and the recent World Bank grant all pointed to an improvement in operational conditions.

"With this in mind, our immediate aim is to move into a cash-positive position and then expand production at our Zimbabwean mines," said Mr Pitchford.

The group would look at the wider portfolio of existing assets with a view to enhancing their value and take advantage of their first mover position in the country to acquire additional projects.

For the half year ended June 30 2009, the group produced 9,52kg of gold from 22 963 tonnes treated, a yield of 0,41 grams per tonne.

Falgold attributed the reduced production to slow build-up following the decision to place the mines on care and maintenance since December 2008.

Falcon Gold posted a loss of nearly US$2 million in the year ended June 2009.

The company said the loss was a result of low production in the period after closing some mines over viability.

Dalny Mine treated 22 963 tonnes of ore during the period producing 9,52kg of gold while Venice Mine remains on care and maintenance with initial exploration going on.

robson1974
18/1/2010
11:34
sell the Zim gold resources of 2m? oz @ $10/oz for $20m, pay off the debts and what price would the shares trade at ?
robson1974
18/1/2010
09:11
Would it not help CAN if they merged their Zim gold mining assets with Mwana Africa's ? Mwana have demonstrated ability to get their brownfield operations back into operation so would give confidence to CAN stakeholders and help bring out the value in both and allow some synergy savings?
robson1974
15/1/2010
10:36
Can't be much stock around as the major players have taken a huge percentage of the company.DYOR
addict
15/1/2010
09:03
Moving up again this morning,,,nice to have a few tiddlers tucked away, not advice by any means 'tho and DYOR
5dally
14/1/2010
12:27
3Million buy-someone believes in the recovery!
addict
14/1/2010
09:51
Market seems to like the after hours announcement.
addict
13/1/2010
22:25
they should sell up to MWA, that is a company going places with world class gold projects and nice cashflow generating production to develop other stuff
robson1974
13/1/2010
20:06
The following release was put out at 1730hrs today. Looks like the board may not be selling Zimbabwe assets, but is looking to get funding or a patner.


Central African Gold Plc
('CAG' or the 'Company')


CAG's Zimbabwe assets - response to press speculation

The board of directors of CAG, (the 'Board') notes the recent press speculation
with regard to the Company's Zimbabwe assets (the 'Zimbabwe Assets') and is
pleased to confirm that it remains the stated strategy of the Board to focus on
the development of the Zimbabwean Assets.
To that end, the Board continues to be actively engaged in the identification of
suitable sources of finance and/or partners with which to develop further
the Zimbabwe Assets, to the benefit of all shareholders and also confirms that
the Company is not currently examining a disposal of the Zimbabwe Assets.
For further information please visit www.centralafricangold.com or contact:

Central African Gold PlcTel: +44 (0) 77 9390 9985
Roy Pitchford / Craig Campbell


Strand Hanson LimitedTel: +44 (0) 207 409 3494
Stuart Faulkner / James Spinney


St Brides Media & FinanceTel: +44 (0) 207 236 1177
Hugo de Salis / Felicity Edwards

staddles
13/1/2010
08:33
Hopefully up,as I decided to pick up a few for the ride!
addict
12/1/2010
13:52
That might get it noticed to a few more PIs, I think that the MMs are still attempting to find a level for the share and it could move fast in either direction pending any news on Falcon or other assets.
staddles
12/1/2010
08:32
LOL-2nd on the risers board!
addict
12/1/2010
08:29
This tiddler is moving up again today I see
5dally
11/1/2010
16:06
almost 4.5 million shares bought today and all trades are buys.
daytraders
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older

Your Recent History

Delayed Upgrade Clock