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GVM Gvm Metals

72.81
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gvm Metals LSE:GVM London Ordinary Share AU000000GVM1 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 72.81 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Gvm Metals Share Discussion Threads

Showing 226 to 247 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
14/6/2007
09:39
It should find support around here if the trend holds.
drewz
07/6/2007
10:44
Mirabaud Securities Limited (Mirabaud), GVM Metals Limited's (GVM) broker in the United Kingdom, has released an updated valuation of GVM. The 12 month valuation of GVM was raised to 103.4p from the Mirabaud 17 May 2007 value of 69.0p. The valuation was reviewed after GVM released a trading update, the most important element of which was the announcement of the potential doubling of the previously modelled Mooiplaats coal project near Ermelo.
drewz
06/6/2007
17:28
HH,

Exciting times ahead indeed. Some good progress being made here - management seem very competent

gardenboy
06/6/2007
15:26
GVM Metals sees Mooiplaats, Holfontein coal production in Q3 2008


LONDON (Thomson Financial) - GVM Metals Ltd said it expects to start coal
production at its Mooiplaats and Holfontein projects in the third quarter of
2008.
It plans to produce about 2 mln tonnes of anthracitic and export thermal
coal a year in its second phase of development at Mooiplaats.
Completion of the inferred resource drilling program at Mooiplaats has been
suspended to conduct an infill drilling programme, which is underway to convert
a portion of the current inferred resources to a minimum of 60 mln tonnes.
GVM Metals added that it expects to complete the measured resource statement
and the geological model at its Holfontein project by the end of June, 2007.
On the Limpopo coal project, it said work is set to commence at the Tuli
Coalfield in the third quarter of 2007 to upgrade and expand the inferred
resource of 352 mln tonnes, adding that the bankable feasibility study will
begin before the end of the fourth quarter, 2007.
------------------------------------------

Exciting times ahead...and we've got a new Market Maker too. Hopefully it's a sign that volumes might be about to increase as GVM comes to the attention of a wider audience including more institutional investors.

hattori_hanzo
30/5/2007
06:49
Up 13% on the ASX. Momentum seems to be building again.
hattori_hanzo
24/5/2007
15:01
Yes, an excellent placing price, especially considering the recent price rises. It demonstrates that GVM are impressing institutional investors with their assets & business strategy.
hattori_hanzo
24/5/2007
07:27
In the last 12 months they have raised funds by issuing substantial new equity

at 13p

at 20p

at 30p

at 34p

and now at 54p.

It shows the quality of the assets the market believes they have bought to be able to get the shares away in such quantity at these prices.

But have they done for now? I would like to see a period of consolidation and some development of these significant coal assets now.

drewz
24/5/2007
06:58
54p is a good placing price so unlikely to see a drop from here
gardenboy
16/5/2007
10:36
why the surge???
crimeprotection1
16/5/2007
10:18
You can't keep a good stock down.
drewz
15/5/2007
07:38
Excellent progress being made since we regained the uptrend, but starting to get a tad overbought now and approaching the top trendline of the uptrend channel too, so we'll probably pause for breath soon:
hattori_hanzo
14/5/2007
14:35
Yes, some very large trades going through. Someone's stakebuilding.
drewz
14/5/2007
14:31
2 x 100k MM trades & we've ticked up again. Nice.

...The Tongerlo Triple Blonde is on me! ;-)

...Infact, I rather like the idea of triple blondes being on me! Ooh! Err!

hattori_hanzo
14/5/2007
13:03
Are you trying to get me arrested for drunk and disorderly ?! ;-)

...but thanks for the tip! lol!

hattori_hanzo
14/5/2007
12:59
HH,

if you want a strong Belgian beer try Tongerlo Triple Blonde :~)

gardenboy
14/5/2007
12:49
gardenboy - 11 May'07 - 21:30 - 126 of 130

Yes, it's a nice tipple: Very strong indeed compared to it's peers but perhaps just a tad too 'malty' because of the extra brewing time taken to make it so strong, so I like to drink it occasionally in moderation. I once drank a few pints & lost a whole evening! lol! Like I said; VERY strong.

Well, GVM is looking very good and we are even moving up on good volume against a small retracement on the ASX. A sure sign of an appetite building over here for GVM, including 2 x 500k trades.

EDIT...and another tick up just after I posted. Excellent.

hattori_hanzo
14/5/2007
10:12
And very little value yet ascribed to the Limpopo coal project which should become a very significant mining operation from 2009 onwards.
drewz
14/5/2007
10:00
Hi drewz,

yes, indeed.

Mooiplats worth 33p per share alone according to Mirabaud,

Mooiplats lies just 1.4km from a 800-1,000MW power station restarted at the end of last year by the state-owned utility Eskom, offering an immediate market for the mine's thermal-coal product
The bulk of our valuation (33p per share) comes from the Mooiplats project near Ermelo in South Africa's Mpumalanga Province. The project includes the farms Mooiplats, Adrianople and Klipbank. Mooiplats has new-order mining right status, and the other two farms have new-order prospecting rights.
Coal of Africa Ltd (CoAL) – the operating company in which GVM is acquiring a 70% interest – has outlined a mine plan of steady-state run-of-mine output of 1.14Mtpa of raw anthracite and 3.42Mtpa of bituminous coal for 13 years. This exploits a total of 59Mt, based on 121Mt of Samrec-compliant resources (Samrec is the South African equivalent of JORC).
However, Mooiplats has a further 340Mt of non-Samrec resources, which CoAL is in the course of converting to code-compliant status via a drilling programme. This work is scheduled to be completed by the end of April. We have thus extended the project life by a further ten years. Even with this extended life, our mine plan exploits only 105Mt of coal in total.
CoAL's project manager, whom we met on a recent site visit, is targeting first production in February 2008, resulting in calendar 2008 sales output of 2.5Mt and rising to 4Mt in 2009. We have used this latest schedule to adapt CoAL's mining plan into our model.
Project cash operating costs for Mooiplats are based on a provisional contract with a mining contractor for an all-in mining cost to deliver the coal to the nearby Camden power station (via a 1.7km overland conveyor to be supplied by the contractor). This accounts for the low capital costs assumed for the mining operation, as the contractor would also provide the mining equipment. Mining will be by underground room-and-pillar, with ramp access from box-cuts.
Camden was restarted at the end of last year as part of a wider initiative on the part of state-owned utility Eskom to solve South Africa's power shortage. The station is currently running three of six generator trains, and would require around 6.5Mtpa of total feed at full output (800-1,000MW)
We have assumed the cash mine operating cost for delivery of the run-of-mine anthracite product to a contractor-operated washing plant, which would wash the anthracite fraction. Reject from the anthracite sales project would also be delivered to Camden. Washing costs are based on the washing contractor owning and operating the plant, thus the capital cost of the plant is just R15m required to pay a contractor to mobilise an existing unit to site.
Total project capital expenditure to start-up, including mine development, is R141m (100% of project basis).
Based on our own yield assumptions for the washing (anthracite feed) and screening (thermal-product feed) plants, we assume steady-state sales of around 700,000tpa of anthracite to the domestic market, realising an assumed price of R350/t (free-on-rail) in today's terms. This price was sourced from according to CoAL's project manager and confirmed by information from an independent consultant.
We model thermal sales of around 3.4Mtpa. The assumed price for the thermal coal is R125/t, based on current sales of coal being trucked in to Camden (R120-140/t delivered, according to CoAL's project manager).

The truck movements are causing local disquiet, putting further pressure on Eskom to source coal locally – ie from Mooiplats and from another local property, which is capable of supplying 2.5Mtpa (this property was developed by BHP Billiton, and mothballed reportedly owing to a dispute with Eskom which holds the mineral rights).
Other possible sales destinations for Mooiplats' thermal product include Eskom's Majuba power station, 80km away.
The Mooiplats property is crossed by the main railway line from Ermelo to the Richard's Bay Coal Terminal (RBCT – South Africa's main coal-export facility). A rail spur has already been established by the holder of an adjoining property (subject to negotiation, this 50Mt property could ultimately be mined by CoAL's operation for a royalty to the holder).
Mooiplats transaction details
The transaction to acquire 70% in CoAL totals £37m in cash and shares. This comprises £2m in cash and £1.7m in shares to acquire Kelso Mining Ltd, holder of an option over the 70% interest in CoAL. (We have assumed the shares will be issued at 30p each, as the deal stipulates a range of 20-30p and the shares are currently being traded at above the maximum level.) This first phase is expected prior to the end of GVM's current financial year (June 30, 2007).
Exercise of the option will involve paying £17m in cash to CoAL's owners, expected early in GVM's 2007/2008 financial year, and a further £10m in cash 12 months later.
Exercise will also trigger a further payment of £4m in GVM shares to Kelso's vendors (again we have assumed at the 30p upper limit of the range stipulated), plus an additional £2.2m in cash and shares to Kelso's vendors with respect to an asset in the Philippines held by Kelso. GVM intends to sell on this asset for the same terms.
Thus, we assess the entire cost of the 70% CoAL acquisition at £34.7m (we net out the Philippines asset), against our modelled NPV of 70% of the asset of £77

gardenboy
14/5/2007
09:44
Regretting not buying a bunch more at 10p last year when I first looked at GVM. There was a lot of serial deramping on the board at the time and I didn't know enough about the company to be sure they didn't have inside knowledge I was unaware of.

Having said that the company and its prospects has changed considerably since then.

Mirabaud's 62p price target as adjudged in February is already hoving into view.

Plenty of room for upgrades though as the various coal projects are developed.

drewz
14/5/2007
09:10
buyers still around, I see
gardenboy
11/5/2007
20:30
HH,

do you like Leffe blonde ?

found it on tap at a pub on Kew Green - luvvly jubbly !

gardenboy
11/5/2007
10:13
Yes, since it's regained it's uptrend it's looking stronger & stronger.
hattori_hanzo
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1

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