Gldbrg.Gbl.Res Share Discussion Threads

[lfdkmp] 18/2/2015 08:23

Someone been putting in some chunky buys last couple of days.

[rhotoid] 13/2/2015 16:38

It is odd we've been drifting down, they are though quite abit overdue with results - last year was 4 Feb, uncertainty always tend to reduce price so I'm hopeful that when they eventually come out it will remove the drag.

[sandeels] 13/2/2015 13:36

Clarity on funding AND the CPR for Karasuyskoye. When/if they are successfully behind us then we can think about a serious re-rating to the upside.

...'The Company plans to validate this geological data by twinning previous drill holes and undertaking additional metallurgical test work. This work will facilitate the preparation of an independent competent persons report (CPR) to international standards, and the Company will work on this programme throughout 2015.'

So Q1/Q2 2016?

[lfdkmp] 13/2/2015 13:02

sloppy, completely agree, including instincts.

[sloppyg] 13/2/2015 11:48

Have to agree a pretty much faultless performance from new mgt thus far. We just need efforts to translate into some shareholder value now !

Instincts remain that pull back relates to pending placement disucssions re funding but time will tell. Either way we need that uncertainty removed before can start moving in the right direction.

[lfdkmp] 12/2/2015 21:05

You also get the impression that they know very well which buttons to press in Kazakhstan and how hard to press them.

[loppylugs] 12/2/2015 20:26

Underlines the fact that(at least so far) whatever this BoD say they are going to do, actually reaches fruition. Additionally, a far more professional approach all round.

[chipperfrd] 12/2/2015 08:27

Good to know that issue has finally been resolved.

[lfdkmp] 12/2/2015 07:27

"GoldBridges (LSE:GBGR), the gold mining and development company, announces that it has received $2.22m in full settlement of amounts that were owed in relation to the abortive acquisition of Akmola Gold LLP ("Akmola"), as agreed in the settlement reached with Akmola in 2013"


Don't think we would have had a sniff of this under the previous regime!

[its a worry] 11/2/2015 17:54

Ok . .thanks for replies . .. . my theory that the Ukraine issue may be having some effect on the current price slide is obviously like many of my theories . . . .wrong . . . . never mind , i'll just wait for the positive news that will reverse the slide . . .

[rhotoid] 09/2/2015 18:13

it's a worry

There's no 'fighting and dying' in the Crimea region - it's perfectly stable - apart from food shortages etc caused by sanctions.

If you meant Eastern Ukraine conflict then no I can't see it having any negative impact whatsoever on gbgr, people seem to forget a similar sort of thing has happened in the past with Transnistria which wanted to be part of Russia but is part of Moldova and has settled into a sort of defacto quasi-state limbo for ages.

If anything it may help because Russia may want to push it's customs union and keep Kazach sweet with beneficial opening up of trade links etc.

[chestnuts] 09/2/2015 17:53

Its a worry

Look on a map, and see how far GBGR mine is from Crimea, then look how far we are , ? you will be surprised,

[its a worry] 09/2/2015 17:39

I was referring to the fighting and dying taking place around the Crimea region ... judging by the news film coming from there it is a problem for the people there . . . . it has been going on for some time , as of today has not yet stopped . . . so therefore ,as of this moment , is continuing . .. . i'll take it the answer is a no . . this is unlikely to impact on Kazach goldmines .

[rhotoid] 05/2/2015 19:07

its a worry
'continued problems in Crimea' - not sure what you're meaning 'it's a worry'
Crimea voted freely to join Russia so there's no continued problem at all.

[its a worry] 05/2/2015 17:09

Do we think the continued problems in Crimea are impacting on the outlook for Kazach goldmines. . . .?

[sloppyg] 03/2/2015 15:04

I would be amazed if we do not see some equity raised given the sums involved over the next couple of years. Clearly though AFR will look to minimise this and support with debt where possbile as they have stated.

I do think the move to main market is a prelude to a placement and to get some other institutions on board. Instincts are that the recent drip down in the share price (in the face of otherwise positive news) may well be a reaction to conversations in the city re funding...... PI's always last to know.

Anyway mgt have clearly done a fine job thus far and we just need some clarity over the funding situation before can start the next hike up imo.

[sandeels] 31/1/2015 18:04

Gold sales in Kazakhstan

hxxp://linkis.com/en.tengrinews.kz/mar/8XIls

[rhotoid] 30/1/2015 16:46

goatherd
Because of the new owners I do NOT expect dilution.
They have been true to their word and not diluted
I think we're in a completely different place now compared to a few years ago , we've had the new owners sorting out all the blithering incompetence of the previous ceo so far and I see it continuing.
As chip says they could probably quite easily use debt even to them themselves and I think it would be done decently and above board.
In fact I'm abit bemused as to why we've drifted down abit recently, with the Gold price going great guns and all the environmental fines etc. ditched I would have thought at last the results should start to be steady and good.

[chipperfrd] 25/1/2015 20:22

goatherd,

No recent specific discussion has occurred regarding potential dilution. However, it is, of course, a subject which shareholders will be considering given the stated requirement to fund c. $35m of CAPEX during 2015. The company expect to resolve the funding issue in 2Q15 (or earlier) so it is perfectly reasonable to consider just how this might be achieved.

My personal opinion is that with a free float of only c. 30% it is perhaps unlikely that AR would wish to take their own holding even higher, although a degree of additional equity might well be raised through a 'Rights' offer to existing holders - thus preserving the current free float. Given their very recent listing on the main market would, I believe, also make it unlikely that AR would further increase their own level of holdings wrt the current free float.

AR have already stated that they are ready to under-write the required $35m themselves through (presumably) a straight loan to the company. Alternatively, debt might well be arranged through a third party. And I believe there are also a number of other possibilities which could cumulatively raise the required cash without significantly diluting existing holders.

The recent approval for Kara might also open possible avenues although it is probably better to ignore that project area in the short term and wait for an eventual CPR and NPV/mining plan to be published at the end of 2015/early 2016.

However, the fact remains that we do not have a definitive solution to the funding as yet and will have to wait to see how GBGR intend to resolve it.

From my personal perspective, the NPV figures published for the Seki expansion did appear to be well founded (when I modelled it) and as such the required CAPEX looks to be a good investment for the longer term. Hence I would wish to maintain my holding here irrespective of funding method.
Chip

[goatherd] 21/1/2015 10:14

Please can anyone tell me whether we have discussed dilution, and, if so, what conclusion we arrived at?

[sandeels] 20/1/2015 10:03

RNS today, re CfD/holding going above 3%


Kairos Partners SGR S.p.A. acts as Managment Company for Kairos International SICAV - Key which owns 750,000 shs (with voting rights) and a contract for difference for 65,650,000.00 shs with Morgan Stanley which reflects the economic value of the underlying equity, but holds, and has no rights to, voting rights for this equity.

[lfdkmp] 19/1/2015 11:32

Nutty hasn't time or interest here any more. He's too occupied over on the TPL thread. Less said about that investment the better.:-(

[chipperfrd] 19/1/2015 11:30

It's yet another tick in the box for what has been promised by this company.

It remains to be seen if the CPR for Kara lives up to the c. 9moz of Au estimated back in 2013. But with a land area over 200 times bigger than Seki and with container loads of Kara drill data already purchased at (presumably) an excellent price, it would appear reasonable that the eventual initial JORC resource is unlikely to disappoint.

Time will tell!
Chip

[aaaaar] 19/1/2015 11:26

That taking 2p was a mistake!

[phillis] 19/1/2015 11:08

Wonder what Nutty's Mayan calendar predicts?