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GVM Gvm Metals

72.81
0.00 (0.00%)
28 Mar 2024 - Closed
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 26 to 46 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
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.com


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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