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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
26/4/2006 18:38 | sharecast summary: | 64bit | |
26/4/2006 13:55 | just topped up 10k... yum yum.. | zztop | |
26/4/2006 11:19 | This news will hit the press tonight... | magazine2 | |
26/4/2006 11:17 | Subsequent to the issue of these shares, the total number of shares on issue in GVM will be 52,123,387... 350m tonnes * 0.74 = 259m tonnes ie: 259m tonnes (less strip factor) for gbp12m (current cap) meaning your are getting a tonne of in-ground coal for 5 pence of market cap.. you can't buy cheaper ! | 64bit | |
26/4/2006 11:12 | or look at it this way.. the current cap places a value per tonne of in-ground coal at 5 pence ! | 64bit | |
26/4/2006 11:05 | Rbonnier you are stating a fact I have not stated, nor denied... Secondly by stating an opinion where this share price is going to end up in the weeks to follow is my own opinion and indication, not for you (or others to follow), if you think the share price will remain at 25p then good for you and good luck, if you wish to hold/sell or short I couldnt careless, personally. Just my own opinion on your outlook. I beleive the share price will rise substantially in the near future as a result of todays substantial aquisition, as the company itself will be "rerated", the extra shares will give the stock more liquidity and accessibility to purchase. BTW why are wasting your time on this thread, makes me wonder...? If you sell now you'll get 23p..:-) NO ADVICE. | magazine2 | |
26/4/2006 10:59 | 13 MILLION AND........ | crimeprotection1 | |
26/4/2006 10:34 | 64bit, Top Muppet, RB WISHES HE BOUGHT AT SUB 20P..LOL. i come across his types everyday. | magazine2 | |
26/4/2006 10:31 | rb, in the last post i read of yours - you said the same thing about mrp. who are now more than 100% higher than they were at that time.... zzz zZZZZZZ | 64bit | |
26/4/2006 10:27 | LOL Back to 22p again by the end of the week just like last time,this is going no where. | rbonnier | |
26/4/2006 10:15 | In a few weeks will be seeing this share price treble, copper resources was another one where the spread put me off, but i regretted it as the share price just kept on rising, the news shares will be a welcome... He who dares rodney, he who dares..LOL.. | magazine2 | |
26/4/2006 10:11 | mag2, Subsequent to the issue of these shares, the total number of shares on issue in GVM will be 52,123,387... ie: 259m tonnes (less strip factor) for gbp12m, nice ;) | 64bit | |
26/4/2006 10:11 | Mag Couldn't agree more, bought more this morning. The spread is crazy though. This will look mega cheap in a few weeks when people wake up to the fact. Good luck. | punna | |
26/4/2006 09:49 | Gvm Metals Ltd Coal Deposit Acquired RNS Number:0065C GVM Metals Ltd 26 April 2006 26 April 2006 GVM Acquires Coal Deposit in Limpopo Province GVM Metals Limited (ticker: "GVM"), the South African mineral processing and coal mining company, today announces that negotiations have now been completed to acquire a substantial open cut coal deposit in the Limpopo province of South Africa. The consideration for the acquisition of a 74% interest in the permits will be satisfied by the issue of 20,812,500 GVM Metals Ltd shares. Subsequent to the issue of these shares, the total number of shares on issue in GVM will be 52,123,387. The acquisition is subject to a number of conditions including the consent of the Minister of Mines to the transfer and Shareholder approval. The Prospecting Right acquired consists of the adjacent farms Semple, Over Vlatke, Bergen Op Zoom, and Voorspoed and cover an area of 8,662 Ha. The northern boundaries of the farms are formed by the Limpopo River and are 50 Kms east of Messina. The existence of coal on the farms has been known since the turn of the twentieth century, although no real exploration occurred in the region until Southern Sphere Mining and Development ( a division of Utah Mining ) undertook a detailed exploration program in the late 1970's and early 1980's. The project was taken to a relatively high level of confidence with the drilling of cored and percussion boreholes with geophysical wireline logging, surface magnetic and gravity surveys and the mining of a bulk sample "shaft". Unfortunately in the intervening years much of the original bore hole data has been lost. It is believed that if all this data was available, the current resource would be much closer to being classified as measured. The project lost favour with the dis-investment of Utah Mining from South Africa and the sale of Southern Sphere assets in the middle 1980's, and low coal prices. A Competent Persons Report has been prepared and is based largely on the Feasibility Study on Overlakte completed in 1983 by Southern Sphere. It has defined an inferred resource of 352 million tonnes with a life of mine strip ratio of less than 5:1 (5BCM waste to 1 tonne of coal). It should be noted that the coal seams extend into the adjoining farms and it is believed that the resource will be substantially increased in time. Detailed analysis of 50 boreholes and a 1535 tonne bulk sample suggest a soft coking product quality product with a yield of 23%, a calorific value of 30MJ/ kg, ash of 12%, fixed carbon of 51-52%, total sulphur of 1.01-1.04 % and a free swelling index of 3.0-7.0. The washing would also produce a middlings ( "steaming") product with a calorific value of 23MJ/kg and Sulphur of 1%. The project lies some 40/50 kms north of Rio Tinto's billion plus tonne Chapudi Coal Project. Rio have announced that they are in discussions with Eskom the South African power parastatal to supply coal to a new Limpopo located power station . The ability to sell the middlings/steaming coal to a proximate power station will substantially improve the economics of the project. The project is some 40 kms west of the main Zimbabwe to South Africa railway line which connects to Richards Bay and the Mozambique port of Maputo. Simon Farrell, Managing Director of GVM Metals said: "This is a very exciting development for GVM. Domestic demand for both coking and steaming coal has increased considerably and the export markets for coking coal remains strong. The Limpopo area is seen by many as the new coal province of South Africa and we intend to become a major part of that development. Work is progressing on our Holfontein coal project at Witbank and negotiations continue on expanding both our Limpopo and Witbank interests. The next stage of work at Limpopo is to conduct a drilling programme to further validate the original Utah Mining studies and to bring the current resources into the measured category." GVM Metals Limited Simon Farrell T: + 61 8 9322 6776 Beaumont Cornish Limited, Roland Cornish Nominated Adviser T: +44 (0) 207 628 3396 Conduit PR Leesa Peters / Abigail Singleton T: +44(0) 20 7429 6600/ 6606 M: 0781 215 9885 / 07739 461 061 Emails: leesa@conduitpr.com / abigail@conduitpr.co NOTES TO EDITORS: GVM Metals Limited is registered in Australia (ACN 008 905 388) and has been listed on the Australian Stock Exchange ("ASX") since 1980, with the ticker "GVM". Copies of the Company's Annual Report can be found on the Company's website : www.gvm.com.au SOUTH AFRICA: South Africa is the Company's principal area of expansion for mining and minerals processing assets as illustrated by the recent acquisitions of NiMag and the JV of the Holfontein project. Traditionally, South Africa has been a major producer and exporter of coal. The vast bulk of this coal has been sourced from the Witbank coalfields which are now in their mature phase. Recent developments in the demand for coal have concentrated expansion efforts towards the relatively underdeveloped northern coalfields, an area of great interest to GVM. Domestic demand for coking coal is also growing rapidly as a result of expanding steel production in the face of contracting local supply NIMAG : GVM has a 74% interest in NiMag which produces a range of metal alloys and fibres. The alloys are principally used in improving the technical characteristics of cast iron and also in exotic metals used in the aeronautical industry. The Company can increase this interest to 100% HOLFONTEIN : As a result of increasing power demands in Southern Africa and the switch in South Africa from being a coking coal exporter to importer, it was felt by the Company that it should examine local opportunities. In April 2005 GVM acquired a 49% interest in a small coal mining project called 'Holfontein'. The Holfontein Coal project is a mineable coal deposit consisting of two mineable coal seams, the No 5 seam, which is a coking coal, and the No 4 Seam, which is a low-grade steam coal. The recent scoping study confirms the value of the Holfontein property. FUTURE EXPANSION AND ACQUISITIONS: The Directors intend to grow the Company both organically and by acquisition especially in the coal mining sector. Largely through Chairman Richard Linnell's connections, several substantial coal properties have been identified and negotiations have commenced regarding GVM's participation. Richard Linnell, BSc. Hons (London), Chairman, is a geologist with over thirty years of experience. His early experience includes involvement in the establishment of the Delta Manganese Project (now Manganese Metal Company) and the Murray & Roberts Industrial Corporation. He was also marketing manager for the Stainless Steel division of Middelburg Steel & Alloys and general manager of the Manganese Division of Samancor, a joint venture between Billiton Plc and the Anglo American Corporation. Richard was accountable for all of Billiton's exploration and development activities in Africa and was an originator of the Bakubung Initiative, a forum designed to revive the South African mining industry which in turn led to the establishment of the New African Mining Fund. | magazine2 | |
26/4/2006 09:18 | Coal Deposit Aquired!!! See RNS | punna | |
26/4/2006 09:18 | "A Competent Persons Report has been prepared and is based largely on the Feasibility Study on Overlakte completed in 1983 by Southern Sphere. It has defined an inferred resource of 352 million tonnes with a life of mine strip ratio of less than 5:1 (5BCM waste to 1 tonne of coal). It should be noted that the coal seams extend into the adjoining farms and it is believed that the resource will be substantially increased in time. ... The project lies some 40/50 kms north of Rio Tinto's billion plus tonne Chapudi Coal Project. Rio have announced that they are in discussions with Eskom the South African power parastatal to supply coal to a new Limpopo located power station . The ability to sell the middlings/steaming coal to a proximate power station will substantially improve the economics of the project. The project is some 40 kms west of the main Zimbabwe to South Africa railway line which connects to Richards Bay and the Mozambique port of Maputo." nice.. ;) | 64bit | |
22/4/2006 08:07 | UK coal producer pushes for price increases of 40% By Christine Buckley, Industrial Editor BRITAIN'S biggest coal producer wants to increase the prices that it charges to power generators by 40 per cent, putting more pressure on energy costs, The Times has learnt. UK Coal is negotiating key contracts with electricity generators and wants big increases to reflect the soaring world coal price. coal it is then,,, | zztop | |
22/4/2006 08:05 | The Company notes the recent rise in its share price on AIM, and confirms that it is in negotiations with regard to a substantial acquisition of an additional coal property in South Africa. Any such acquisition would be subject to due diligence. The Company would hope to make a further announcement in due course. well any lower and i'm gonna add to my 10k at 27p,such a tight market ,any good result will make this fly...nowt to worry about here.. | zztop | |
21/4/2006 10:01 | Back down to 13p for this one by the looks of it as the ipo placed shares get cashed in.Some very inexperienced short sighted quick buck merchants got suckered in Im afraid at 30p+.Their wallets are empty now.!! | gaybriefs | |
20/4/2006 10:42 | You were right about the 22p... | wiganer | |
19/4/2006 17:29 | If you've had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park! To donate or view how they're getting on visit thanks for your time | banney |
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