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Gympie Gold Share Discussion Threads
Showing 76 to 98 of 100 messages
|Come on people Jim and Mark Slater know Sweet Fanny Adams about Mining, you lot are Lemmings to the slaughter!|
|The receivers have asked for tenders for all Gympies gold-related interests e.g. Eldorado and d'Aguilar interests. Hasn't been released (as yet) as an RNS so if you want to read more including the latest at the Southland colliery see http://www.gympiegold.com.au/releases/FYE2004/1074467653_13472.html. Best of luck to all who still hold.|
|Very bad news indeed for holders and goes to show investing in AIM Mining stocks is a very risky business indeed.
Ive got 2 ohhhh!!!!!!!!!!!|
This is too bad but seems inevitable considering the mine fire.
|I'm sorry to see this at Gympie, as we had high hopes of the company.
In addition its hard to see how they will get out of the mess of funding the gold development side of the business with no coal revelues, so I have to assume a round of fundraising in the spring.
This is clearly not a time to invest in the 'Blympie' side of the company, go contrarian and get in again in a few months if the mess seems to be getting sorted out.
Till then I wish this thread good luck
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|News just gets worse. It was obvious that this would close the mine for some time but they are now talking about permanent closure - suddenly Gympie is worth a few pence at most.|
|Finally got rid of my small holding at 20p. Unfortunately I think we are heading south of that fairly quickly. Hope you kept out of Gympie, Hectorp - a Merry Christmas to you and all other Gympie followers.|
|Bad news from the colliery - these things can take a while to fix. Just as you feel Gympie is getting itself together, another problem comes along - this is going to hurt the share price considerably.|
|If you need help with your portfolio, you owe it to yourself to utilize the best tools available. Don't ignore this gem; it will point you in the right direction. It's free and you can unsubscribe at any time! These shares are traded exclusively in US markets. http://www.pagerealm.com/invrmarket/|
|House brokers always over-egg the price targets - but (and a big 'but' with Gympie) if the trading statements stay problem-free I am looking to a 42p target for next year. I'd be very happy with that.
I have a feeling that this will be a quite long bull market for gold - let's hope Gympie catches it.|
|Thanks for that elmbury,
I've not been a buyer as yet, and as you say it is jam tomorrow
except that the coal output will provide a real boost to the cash coffers in 04 and 05 especially with the new long wall machinery working well.
Sentiment should accrue in favour of the company with its exposure to two separate and ongoing minerals markets , it does produce some gold, and it is a possibly succesful explorer ( given 2-3 more years).
My only hesitation is the gold may start flowing long after the current gold bull market is over.. but there again, it may run for a few years...
On balance, I'm now inclined to buy a few shares again. Broker target 55p..
well, there is surely some upside, I'd have said we may revisit 34p in 2004.|
|A week old but hey, better late than never.
The 'Shares Summary' is as follows.
Gympie has had a tough time, as have its shareholders. But the future looks bright with new house broker Numis Securities very upbeat with a target price of 55p within a year.|
|Current level seems to be about right, with the obvious dilution as you say of around 3-4p. The prospects do look promising but the jam will take a long time to arrive.
Incidentally I took a small investment in Gympie the day before the suspension - great timing - but I definitely expect this to be an investment for a few years rather than months. We've had a good part of the year without any 'problems' being reported, a nice change. I see that the chairman notes that he is 'particularly pleased to welcome a number of notable UK institutional investors to the register' - I expect they are also looking to longer term prospects.
Talking about coal for China, I was walking past one of their new modern coal-fired power stations in Hong Kong a few days ago. Looks like the Chinese are very committed to coal burning - hopefully from Gympie.|
|Little Gympie has been tipped as a BUY in this week's shares mag
( unfortunately) however I have not managed to borrow a copy off my little cousin and thus I cant' post the findings!|
|Mkt cap 46m Dollars yet producing $50 m sales on the coal alone.. which is guaranteed to rise due to China demand... thats intersting!|
|I should have added that the dilution of $25m I assume Australien Dollars might drop 3-4 pence off the share price.
Equally, the fact that this is raised to develop the coal and gold production yet further and some element for further edxploration, is money that will be well spent. Next few days will tell .|
|How do you know it has been unsuccessful, Hectorp. They do say that they expect to make an announcement next Tuesday - isn't it just a case of stopping price sensitive information leaking out. Besides I don't see any selling going on here even though it is still trading - odd that.|
|Trading suspended on the Ausie stock market today, as fund raising , has not been succesful.
Doesnt look too great but there is a considerable resource, and excellent coal quality.
I'll be surprised if Gympie is a blympie!|
|Having a closer look at this one, fundamentals look good, and not much
interest as yet. Will buy a few when market opens.|
|There is a current coal production around 25% above average, and there is a lode of 8.8 g/t to be developed over the coming year.
Gympie should generate close to 100,000 oz of Au in 2004...and its coal output is high quality. and with higher gold price the company appears undervalued. I'd put a price closer to 30p on Gympie as both coal and gold processing are operating well, and as well or better than last year when the stock was around 35p.
|OK cringe at the new thread title!
Been out of play for a few months, this needs reviving.
Gympie is starting to be worth a look for around 5 good reasons:
1 gold price: this is producing 40-50K oz and this will expand.
2 coal mine stable and rising output
of high quality anthracite type furnace coals:
3 the expanding core gold assets and potential in 'several one million oz resources' ( quote from recent RNS) and
4 last week, the 25% shareholding in nearby Aguila mining ( gold exploration play).
While there has recently been a dilution of share value due to an oversubscribed fund raising,
5 there has also been director buying: the company is progressing its gold exploration though I feel they do so slowly, but steadily, and they are short of 10K oz output a month at the moment thats more than balanced by the coal mine output.
Could Gympie give the lie to the addage that mixing coal and gold mining doesnt work?
I feel the shares are worth a closer look around 17p and the fall due to coal output and some dilution is now in the price. Lets move forward.|
|Hello all. Only know what I have read in co statements. On May 21st 4 directors bought an incredible 7.8 million plus sgares valued at over 1 million. maybe upbeat statements are the truth. Will investigate further, unless of course they are taking co private. Don't know % of their holdings etc.|