Hidefield Gold Share Discussion Threads

[mauderer] 21/10/2009 09:07

Bid being lowered to lock in the screwed shareholders now.

[neudarian] 21/10/2009 09:02

It's Minera NOT Minerva as I said previously.
Whatever its name is it's down over 7% this morning.....I wonder if I should swear?
No, because at least we will soon be invested in an active company!

[daddy warbucks] 21/10/2009 08:12

Neu

We were blinkered into thinking this management could deliver another Brancote, when in fact it was the other directors of Brancote who are proving to be more successful in Landore.

[neudarian] 21/10/2009 08:09

So much for supporting these guys for all these years. A sellout in my opinion - with the talk of 'quality management' mis-placed.
The market is now buoyant in comparision to a few months ago- POG helping a lot, but HIF's management prefers to jump ship, rather than take the bull by the horns. We have been shafted, and my confidence in them was a mistake.
Let's hope Minerva become a money spinner!

[daddy warbucks] 20/10/2009 21:21

Cata Preta Scoping Study

The Company commissioned Geoexplore Consultoria e Servicios of Belo Horizonte,
to undertake an Economic Scoping Study to assess the potential viability of a
small scale mining operation on the "Carvoeira" gold deposit. This Scoping Study
confirmed that the development of a small underground mine and gravity plant
would be marginally profitable at a gold price of $400 per ounce. The Company
will be reviewing this option in the context of the opportunity to undertake
further exploration on the contiguous licence recently acquired and referred to
below.
Cata Preta 136,000 ounce gold resource

Royalty Interests

Coldstream Ontario
Utah Clipper Nevada
Dutch Flats Nevada
Chert Cliff Nevada
Silver District Arizona
Four Metals Arizona
Cortez Nevada (Barrick)
Calqui Gold Argentina
Carlos Gold Argentina
Putrachoique Gold Argentina

Shares in other companies
Kentor Gold Ltd.
£3,262

Alto Ventures Ltd. (1)
£174,063

Columbus Gold Corp. (1)
£497,380
-
-
Millrock Resources Inc. (2)
£99,362

Total
£774,067

Oh and throw in Don Nicholas.... Not bad for 1.75p a share, but seeing as how two of the biggest shareholders (who have accepted the deal) only paid a penny per share for £1 million pounds worth of debt repayments, that isnt a bad deal is it?

Oh and one of the directors becomes a director of Minera!

[daddy warbucks] 20/10/2009 20:16

kooba

Thanks.

[pelleeds1980] 20/10/2009 20:11

Peru isnt one of the main exchanges so wouldnt be ISA able I dont think Grande

[6500slider] 20/10/2009 19:57

Bend over boyz whilst these clowns give it to you one last time up the jacksy (a final thrust)! They have trashed the company and shareprice over several years... all whilst being paid very well for it, sold assets of at a fraction of their alleged value and then sort themselves out (my best guess) with a nice discounted placing just before recommending a bid that is in your best interests! Legalised robbery and an excellent example of all that is wrong with AIM... shareholders have been well and truly shafted! Put these c*nts on your Director blacklist! AIMO.

[grande gobe] 20/10/2009 18:49

Bit of interesting reading on Minera.

"Quoted on both the London AIM and Lima, Peru stock exchanges." - so presumably ISArable?

[pecker1] 20/10/2009 18:49

This is the second stock I've had bought for very little, the first being Minerva (previously Palladex) by Nyota. However, more fool me for hanging on to these old dogs in the vain hope something would turn up. That said, I think both Nyota and Minera, their new owners, are good companies and capable of proving up the resources they have acquired very cheaply, so much so that the dog owners may even get their money back, with interest, in a couple of years or so.

So all is not lost!

[daddy warbucks] 20/10/2009 17:55

Is Minera listed on AIM?

Its website says it is, but I cant find it. Anyone any suggestions?

[kooba] 20/10/2009 17:41

from interview on minesite[jan '09].sums it up we are now part of a well run producing/developing operator that needed a don nicolas to throw some of its current cashflow at to bridge a production gap before its big mine kicks in a few years later.they seem to at least have a plan and are already benefitting from strong pog.

"Minera's a small company but its backers wield some punch - they include, among the more robust names, BlackRock, JP Morgan and Macquarie. So when Courtney says that Minera's activities on the corporate front are moving "full steam ahead", it's clear that, as London's best performing miner, with several heavyweights on his share register, he'll get the backing he needs for any type of deal that he wants to put together. Currently, says Courtney, Minera is party to "a number" of confidentiality agreements, and that there are "five projects that are of interest".

There's a certain specific profile of project that Minera has in mind here. Corihuami for all its' sainted virtues, has a short life. The company's next cab off the rank, Ollachea, a project that some at the company's joint broker Fox Davies think has potential for over two million ounces, is some years away from production. That leaves Minera IRL looking like it may face a production hiatus in a few years time, just at about the time it will have become fully established in everybody's mind as a staunch and reliable producer. It's therefore essential to plug the gap with the acquisition of a near-term production asset or two. Courtney's fairly upbeat that he'll strike a favourable deal over something or other. The companies he's talking to are, he says, "faced with either doing a deal, or going under". "

[machupichu] 20/10/2009 17:39

Wdurham all the reasons you mentioned "tied up relationships with the state mining organisation as well as having tacit, behind the scenes, backing from Barrick. They also have the involvement of the richest Argentinian investor group in the Miguens-Bemberg family." are the reasons that I would prefer PGD to be invovled with HIF. I doubt it will happen too but at the current offer price would have thought PGD may have some interest in HIF tenements.

I wasn't saying why PGD would want HIF just that HIF would want PGD.

[wdurham] 20/10/2009 17:32

Why would PGD want HIF?

They have a very good Santa Cruz portfolio of their own, on the western side of the Deseado Massif, and have tied up relationships with the state mining organisation as well as having tacit, behind the scenes, backing from Barrick. They also have the involvement of the richest Argentinian investor group in the Miguens-Bemberg family.

Not a goer, IMO. Hidefield has spent the last 5 years messing about doing neither one thing nor the other, and frankly, if PGD were to make an offer for HIF I would sell PGD instantly.

[grande gobe] 20/10/2009 17:28

Anyone know much about Minera, or research them at all?

[machupichu] 20/10/2009 17:05

So he is an Aussie with great experience - better then K Judge then. Maybwe not such a bad deal LOL

[kooba] 20/10/2009 16:57

quick fact sheet


about the only executive director
Courtney Charles Chamberlain, Executive Chairman, aged 64.

Courtney is a metallurgist by profession with over 40 years experience in precious and base metals management, operations and development as well as consulting in Australia, Asia, Africa and both North and South America. He is a Fellow of the Australian Institute of Mining and Metallurgy. Courtney spent 29 years with Newmont Mining Corporation and Newcrest Mining Ltd, including 13 years on the Board of Directors of Newmont Australia Ltd and Newcrest responsible for operations and development. His responsibilities included key management roles in the development of the Telfer and New Celebration Gold Mines in Western Australia and the Cadia Mine in New South Wales. Courtney was a founding partner of Investor Resources Limited (IRL), a financial and technical advisor to the international mining industry. He initiated Minera IRL.

[machupichu] 20/10/2009 16:55

Is it too late for a counter offer from Patagonia Gold - for 7.53m surely they would have to be interested. What a steal with current gold price expected to continue to rise.

[mauderer] 20/10/2009 16:42

This is a disgrace, shareholders have been sold down the river imo! No doubt Mr. Judge and his cohorts will be given sweeteners to dull their so called pain whilst your average PI will just have to suck it up!

[kooba] 20/10/2009 16:40

well i make mirl 69p bid which means on a 42 for 1 basis it values us at 1.64 with no chance of higher offer as 55% acceptance theres now just a wait for deal to go through.time to research minera irl and see what we have...gold south america mkt cap £55m and not run by ken judge which is a start...but he is called courtney!!

[21simthy] 20/10/2009 16:15

Strange why people are selling.

I make it at 37p bid which Minerva currently is the price for Hif
is 1.76.1p

So why take 1.5p when there's clearly another 17.5% there for the taking ?

[21simthy] 20/10/2009 16:06

I234.

Give it a rest pumping CLN everywhere eh ?

[21simthy] 20/10/2009 16:06

Yeah, remember this, he never post after the next morning :-))

TOPINFO - 17 Sep'09 - 12:05 - 648 of 1066


Got to be tasty premium here, at least 3p a share.!!!!

TOPINFO - 17 Sep'09 - 12:06 - 649 of 1066


Revise that , 4p with gold price as it is.!!!!