Share Name Share Symbol Market Type Share ISIN Share Description
Eurogold LSE:EUG London Ordinary Share AU000000EUG0 ORD SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 3.20

Eurogold Share Discussion Threads

Showing 201 to 224 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
29/2/2008
08:01
Something happening here?? Somebody buying in £40K at a time.
cezary
29/2/2008
07:27
Some activity here. What next?
cezary
19/2/2008
08:43
Based upon today's RNS the combined value of cash and its only asset which is a small holding in Oxus, the value of the compnay is put at AUD 0.035 which is 1.6p per share (using the currency converter I use). To buy you may need to pay up to 2p which is not a great investment.
wassapper
19/2/2008
08:22
Prices bid 1.25p offer 2p, 4 v 5
giant steps
19/2/2008
08:21
RNS 19th February 2008 Settlement re Oxus Gold http://www.investegate.co.uk/Article.aspx?id=200802190700092652O
giant steps
19/2/2008
08:20
Prices bid 1.25p offer 2p, 4 v 5
giant steps
19/2/2008
08:16
Based upon today's RNS the combined value of cash and its only asset which is a small holding in Oxus, the value of the compnay is put at AUD 0.035 which is 1.6p per share (using the currency converter I use). To buy you may need to pay up to 2p which is not a great investment.
wassapper
26/2/2007
08:29
PROPOSED SALE OF GOLD ASSETS TO DRAGON MINING LIMITED On 21 December 2006 Eurogold announced that it had entered into an agreement for the sale of its Saulyak Gold Project in the Ukraine to Dragon Mining NL ('Dragon') subject to certain conditions precedent, including Dragon completing legal and financial due diligence. On 31 January 2007 Eurogold announced that during the quarter ending 31 December 2006 Saulyak LLC had received a 'temporary mine closure' order from the Ministry of Environmental Protection of the Ukraine. Eurogold considers that the reasons for the order are tenuous and has appealed against the order. Eurogold remains confident that the order will be lifted. In the meantime, Dragon has indicated to Eurogold that it will rely on the order to say that the due diligence condition precedents have not been satisfied. As a consequence the parties have agreed to extend the completion date and are negotiating to reach an alternative arrangement at a lesser price. These discussions are confidential and incomplete. The terms of the sale agreement and loan agreement have otherwise not changed. Eurogold has also begun discussions with another party concerning the sale of the Saulyak Project. These discussions are also confidential and incomplete. Eurogold will continue to keep the market informed and, in particular, will provide details when negotiations are completed.
zaphod99
22/12/2006
08:41
Eurogold Limited 22 December 2006 Oxus Litigation Eurogold Limited is pleased to advise that it has today entered into an agreement with IMF (Australia) Limited ('IMF') under which IMF will fund the ongoing Australian Federal Court proceedings that Eurogold Limited and Eurogold Holdings (Bermuda) Limited have commenced against Oxus Holdings (Malta) Limited and Oxus Gold Plc. The Agreement will become effective in mid January 2007 and contains IMF's usual terms and conditions, including an indemnity under which Eurogold will not be liable for adverse costs (if any) incurred in the proceedings. Eurogold will retain a majority interest in any amounts recovered from Oxus under the litigation, with the amount dependent on the timing of any recovery. IMF is the largest litigation funder in Australia and is listed on the Australian Stock Exchange. Pauline Collinson Company Secretary Eurogold Limited
zaphod99
21/12/2006
11:02
What does this mean for existing shareholders of EUG??? Do we get 1 Dragon share for every 4 EUG we hold??
cezary
21/12/2006
08:49
Eurogold Proposed Sale of Gold Assets RNS Number:3957O Eurogold Limited 20 December 2006 EUROGOLD L I M I T E D (ACN 009 070 384) ASX RELEASE 21 December 2006 ASX & AIM Symbol "EUG" PROPOSED SALE OF GOLD ASSETS Eurogold Limited ("Eurogold") is pleased to announce that it has entered into an agreement for the sale of its Saulyak Gold Project in Ukraine to Dragon Mining NL ("Dragon"). The all scrip transaction will involve approximately 80 million Dragon shares being issued to Eurogold as consideration, representing the equivalent of 1 Dragon share for every 4 Eurogold shares. The value of the transaction, based on a Dragon share price of A$0.16 per share, is approximately A$13m or A$0.04 per Eurogold share. The transaction will be effected by the sale of Eurogold's wholly owned Bermudian subsidiary, which holds the Saulyak Project, and is subject to the approval by shareholders of both companies and Dragon completing financial and legal due diligence. It is expected that the shareholders meetings will be held during February 2007, with notices for these meetings sent to shareholders during January 2007. Completion is due to occur at the end of February 2007. Dragon will also immediately provide a working capital loan of approximately US$2 million to Eurogold to cover corporate overheads and to allow the work programme at the Saulyak Project to continue until the sale is completed. The loan is a limited recourse loan and secured by a charge over Eurogold's receivables, which include its loans to S.C. Transgold S.A. (in liquidation) ("Transgold") and S.C. Explorer SA (in liquidation) ("Explorer") of approximately US$3m and US$0.7m respectively. If the sale is completed, Eurogold is only liable to repay up to US$600,000 of the loan to Dragon and only to the extent that it has received any repayments of the debts owed to it by Transgold and Explorer. Upon completion of the share sale, Eurogold will also either assign, or account, to Dragon for Eurogold's receivables (which include the debts owed to it by Transgold and Explorer), other than any proceeds it may receive under its litigation claim against Oxus Gold plc (and its related entities) ("Oxus"). However, once the US$600,000 of the loan to Dragon has been repaid, Eurogold will be entitled to retain 8.3% of such receivables up to US$250,000. If the sale is not completed, Eurogold will be liable to: 1. repay the entire loan amount to Dragon, but only to the extent that it receives any proceeds in repayment of the debts owed to it by Transgold, from its litigation against Oxus, from the sale of the Saulyak Project to a third party, from the repayment of its loan to ZLLC or from any capital raising or raisings it undertakes to raise in excess of A$5m; and 2. pay a break fee to Dragon of either $500,000 if Eurogold accepts, or its directors recommend that its shareholders accept, a competing proposal for the acquisition of the Saulyak Project, or $130,000 if Eurogold shareholders otherwise do not approve the sale. Eurogold has been advised that the liquidator for Transgold and Explorer recently accepted an offer of US$7.3m for Transgold and Explorer. The successful bidder was a joint venture between Oxus Gold plc and KazahkGold Group Ltd. Following the sale of the Saulyak Project, which is currently Eurogold's main asset, Eurogold will continue as a separate corporate entity and will be Dragon's largest shareholder with approximately 15% of the enlarged capital. The Eurogold board has agreed to hold the Dragon shares that it will receive in consideration of the sale for a minimum of six months and it is the Company's intention to then distribute those shares in-specie. Eurogold also intends to review other new business opportunities and notes that under both the Australian Stock Exchange (ASX) Listing Rules and the AIM Rules this may require certain requirements in relation to "investing companies" to be met. Further details on Eurogold's future strategy will also be set out in the notice for the shareholders meeting to approve the sale. After the sale transaction has been completed, it is intended that Eurogold's Executive Chairman, Peter Gunzburg, will join the board of Dragon as a non-executive director. About Dragon Mining Dragon is headquartered in Perth, Western Australia and listed on the ASX with a market capitalisation of approximately A$70m at a share price of A$0.16 per share. Dragon currently produces approximately 50,000 oz of gold per annum from its 80% owned Svartliden Mine in Sweden and aims to bring the Outokumpu built Vammala processing facility and Orivesi mine (Dragon 100%) in Finland on stream in the middle of 2007, with expected production of around a further 50,000 oz of gold pa. Dragon also holds a suite of near mine and regional exploration prospects for gold and nickel in Sweden and Finland as well as interests in mineral projects in Eritrea and Western Australia and an investment in AIM and ASX listed Vulcan Resources Limited. Further details on Dragon are available on Dragon's website at www.dragon-mining.com.au. The Saulyak Project Eurogold has previously reported (refer to announcement dated 11 July 2006) that the Saulyak Project in southwest Ukraine has an estimated total C1 and C2 category "reserve" under the Soviet classification system of approximately 578,000 oz of Gold (2.1 million tonnes @ 8.4g/t). Eurogold and Dragon are confident that this can be converted to a JORC Code compliant Mineral Resource during the next year and believe that there is substantial potential for delineating further resources. The Saulyak Project was recently granted a new 5 year activities licence and as reported in our last quarterly, Eurogold "... is preparing a revised work programme in support of an application for the early conversion of the Saulyak "sub-soil" licence into a Mining Licence". The current sub soil licence, which confers the mining rights for the Saulyak Project, expires in November 2007. The transaction with Dragon, which provides for the immediate ongoing funding of the Saulyak project, will enable the Saulyak Project work programme to be accelerated and should enhance that application. Furthermore, Dragon has significant project development and operational expertise in similar European environments that will be invaluable for advancing the Saulyak Project. The combination of the Saulyak deposit with Dragon's existing European production and development portfolio, provide shareholders with an exciting exposure to an attractive and growing suite of European Mining assets. Peter Gunzburg Managing Director Eurogold Limited The information on resources in this report has been reviewed by Mr Simon Pepper, a full time employee of Eurogold. Mr Pepper holds a MSc Mining Geology from Camborne School of Mines, is a member of the Institute of Materials, Minerals and Mining in the United Kingdom and has at least five years experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking. Mr Pepper has reviewed this report and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. The Saulyak deposit is located in Ukraine and most of the previous work was conducted by Soviet state organisations and some of the Soviet exploration data has not yet been fully validated in accordance with the JORC Code. As such, this report includes references to a resource estimate that is not yet JORC Code compliant. As discussed in this report, Eurogold is currently working towards the conversion of this into a JORC Code compliant Mineral Resource estimate. This information is provided by RNS The company news service from the London Stock Exchange
zaphod99
29/11/2006
12:40
Cezary, If EUG were to be repaid their $3m this should be enough to finance conversion to the mining licence they need before Nov 2007, which is mentioned in the 31/10 RNS. A ray of hope at last?
pecker1
29/11/2006
12:26
Somebody buying in 200k Lots over last few days??
cezary
28/11/2006
07:17
Subject to the Republic of Hungary successfully appealing the Romanian courts decision not to recognise the Republic of Hungary as a creditor of Transgold S.A., the liquidation is expected to result in Eurogold being repaid part or all of its debt to Transgold S.A. of around US$3m. Does anyone understand this? Is that meant to be unsuccessfully appealing?
ghhghh
26/11/2006
09:51
zaphod You are quite correct I was indeed posting about EGU. Wrong thread, right shares.
azalea
25/11/2006
12:37
Expecting Oxus to pull out of latest deal at last moment!!! with Kazakh Gold.
cezary
14/11/2006
13:51
azalea - I believe the tip was for European Goldfields (EGU) rather Eurogold (EUG). Given that 1200 x 1.25p = £15 I assume you've simply posted on the wrong board rather than bought the wrong shares.
zaphod99
14/11/2006
13:39
Liked the story in the IC and last Sunday's 'buy' recc in the S.Telegraph, so I have dipped my toe in today for 1200 shares.
azalea
25/10/2006
08:15
Prices bid 1p offer 1.25p, volume @ 09:15 NIL
giant steps
08/9/2006
09:15
Problem being of course, Oxus don't know exactly what they're buying because the independent valuation declared that the resource figure for Saulyak couldn't be trusted. I believe Oxus offered to stagger payment to allow Eurogold time to verify the resources. If Eurogold really believed their resource figures are correct then it seems surprising that they wouldn't accept that offer. I'm all for diversification into more stable countries, but the last thing Oxus need now is to pay over the odds for an asset that proves to be worth less than they paid for it. There will be plenty of better opportunities in countries like Ukraine which I'm sure we'll find out about in due course.
zaphod99
08/9/2006
07:49
I agree, in the whole scheme of things diversification (even if over paying) would have been a huge positive; another missed opportunity, imo.
giant steps
08/9/2006
07:40
In the light of what is happening, even if the expectations where lower than what Oxus had expected they could have still gone ahead with Eurogold and would have had the production facility of the mine half built at present. At least they would have been dealing with Europeans.
cezary
04/9/2006
07:16
Prices bid 1p offer 1.75p, volume @ 08:15 NIL Oxus selling ?
giant steps
04/9/2006
07:11
Prices bid 1.25p offer 1.75p, volume @ 08:10 NIL
giant steps
Chat Pages: 9  8  7  6  5  4  3  2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20161211 00:20:36