Central African Gold Share Discussion Threads

[andrbea] 18/11/2010 08:14

yep, got stung, move on to the next stock....

surprised New Dawn didn't take over the listing.

[double6] 18/11/2010 07:55

Hmmm - I guess the inevitable has been announced today!

[marmar80] 17/11/2010 19:14

very quiet here

[andrbea] 01/11/2010 10:45

general interest

gold + AIM + Zimbabwe

[thecynical1] 28/10/2010 19:20

hi! not going to bet the kitchen sink on it but I find this share somehow...how should I put it.......fascinating.....I have had it on my monitor for years.....last time it came to life, it was a very profitable little run..short-lived but profitable....this time round, I am not really sure why people think that the Americans/Canadians would want to de-list it...it doesn`t make any sense to me...maybe, I am missing something but there has to be a reason as to why they bothered getting involved here....when was the last time you heard of someone taking a major holding in a company and then de-listing.....I know that it happened with what used to be called Latitude Resources but Latitude resources was sitting on a bigger pile of cash than those taking over the company had to pay for the company....nice move...this is not the case here so the logic of de-listing defeats me....any ideas? It looks like you and I are the only ones watching this...?

Anybody else out there?

[andrbea] 28/10/2010 12:48

hi thecynical1!

well, it's high risk (don't bet the kitchen sink on it)

but, hey it's up 6% today


the spread can narrow at times, eg 1.00 to 1.05
but wider at present 1.20 to 1.40

[thecynical1] 26/10/2010 10:40

hi andrbea - looks like the two of us are the only ones with this on their monitor.....are we missing something or is the rest of the market missing something ? LOL !

[andrbea] 21/10/2010 14:50

CAN worth a punt IMO

as new owner is publicizing its stake in CAN on the Canadian press wires:

Zimbabwe-focused New Dawn receives 92% boost to total measured and indicated resources



Junior gold explorer New Dawn Mining (TSX:ND) has received an NI 43-101 compliant resource estimate for the Zimbabwe gold mining properties owned by Central African Gold, in which New Dawn holds an 89% stake, leading to a 92% increase in New Dawn's total measured and indicated mineral resources.

New Dawn made an investment in Central African Gold in June this year to acquire a total 89% interest in the company, furthering its goal of becoming a mid-tier gold producer of assets in Zimbabwe.

Central African has five principal gold properties in Zimbabwe, which include the Dalny Mine, the Golden Quarry Mine, the Venice Mine, the Camperdown Mine and the Old Nic Mine.

The report, which was conducted by Medusa Geo-Consulting and effective as of June 30, 2010, resulted in a 92% increase to New Dawn's total measured and indicated mineral resources to 1.56 million ounces of gold grading 2.37g/t from 20.44 tons of mineralized material. Inferred mineral resources went up by 54% to 552,600 ounces of gold, grading 4.95g/t.

In addition, results also saw a 32% increase to the company's total mineral reserves to 220,000 ounces of gold grading 3.81g/t from 1.78 tons of mineralized material. The mineral reserves are comprised of proven reserves of 109,400 ounces of gold grading 3.69 g/t, and probable reserves of 110,600 ounces of gold grading 3.78 g/t.

"The CAG acquisition has demonstrably and significantly increased New Dawn's gold resource base," said president and CEO Ian R. Saunders.

The company said that within the next 18 to 24 months, it will have both the resources and the mining capabilities to support production of 50,000 to 60,000 ounces of gold per year. New Dawn will look to increase this to 100,000 ounces within four to five years, it added.

[andrbea] 21/10/2010 14:41

From New Dawn Mining (Canada)
who own 89% of CAN:


The company is currently reviewing the assets and operations of the Central African Gold properties, and until the analysis is completed, New Dawn said it will not have estimates of the capital and final operating costs.

"In absence of the final operating plan, it is not possible to do a final detailed economic analysis or calculate the payback on capital expended and the resultant life of mine. When this review is complete, it will be determined whether the CAG Properties are development or production properties," the company said in a statement.

Aside from the Central African assets, New Dawn owns and operates the Turk and Angelus Mines in the upper southwest area of Zimbabwe that have the potential to produce an estimated 35,000 to 50,000 ounces of gold per year.

[andrbea] 20/10/2010 11:03

LSE board

I wouldn't worry for those who bought this morningon the spike, its the risk you take.. I am sure with time they will see great returns on their investments. There is more to come with production news, etc.. Good luck to all!

[tomboyb] 20/10/2010 09:38

Back she comes and a little shakey shakey.

[andrbea] 20/10/2010 09:30

tree shake over?

total buys to total sells, roughly 2 to 1

[tomboyb] 20/10/2010 08:54

Seems a seller is about.

[andrbea] 20/10/2010 08:49

more posts about this share on LSE board

eg last one:

profit-taking of course but the bigger picture is that CAN has only a market value of 11 million and they have estimated over 1.1 million ounces of gold so it's worth many times this with those resources

[andrbea] 20/10/2010 08:32

for some background on the share, read post 946

some others:
931-933-937-944

[chrisis33] 20/10/2010 08:28

Looks very cheap ... I agree, bought some more.

[andrbea] 20/10/2010 08:27

350k (vol) buy (£5250)
price rising fast in response (shows they're short of stock IMO)

[tomboyb] 20/10/2010 08:25

Breaking out by the looks of it.

[andrbea] 20/10/2010 08:20

598000k (vol) buys already

[chrisis33] 20/10/2010 08:17

OK - small stake taken.

[tomboyb] 20/10/2010 08:15

yep looks v cheap to me.

[chrisis33] 20/10/2010 08:13

Am I reading this correctly? 1 million ounces of total gold resources & inferred gold resources? Plain question, and not meant as a ramp.

[andrbea] 20/10/2010 08:12

spread is usually tight on this one, eg 1.05 plays 1.10

but the demand is there today, so the MMs panic and widen the spread (1.35 plays 1.50)

they have the small free float against them though.