Hidefield Gold Share Discussion Threads

[haydock] 06/11/2009 09:21

Our potential producing resource & cash cow!!!!
Yes folks a long underusedphrase.

[haydock] 06/11/2009 09:11

The same comment again: the ground is in the right place, hopefully this management have the cash & the organisation to get on with the job.

[maxbubble] 05/11/2009 22:07

Minera says reserves will be up 285% because of Hidefield deal - if that is the case then I think this should be a merger of equals surely? I am still hoping we get another bidder to push price up if nothing else force Minera to up the price. No mention of value of other assets and 100k+ oz in Brazil.

The Acquisition would significantly expand the Enlarged Group's resource base. On a pro forma attributable
basis, the Mineral Resources for Minera would increase approximately 285 per cent., from 194,300
contained ounces of gold in Mineral Resource reported for the Colihuarmi Gold Mine as at 1 January 2009,
25
to 553,400 contained ounces of gold in Mineral Resource with the addition of the 359,000 contained ounces
of gold in Mineral Resource of Hidefield's Don Nicolas Project.
With the Colihuarmi Gold Mine planned to reach the end of its economic life in 2013, the possible
development of an operating gold mine based on the Don Nicolas Project provides an option for additional
gold production prior to the potential future development of Minera's Ollachea Project.

[daddy warbucks] 05/11/2009 15:01

Thu Nov 5, 2009
Historic Gold Mineralization Confirmed in the Span Lake Area, Coldstream Gold Property, Ontario

[haydock] 30/10/2009 10:36

There is plenty of potential for them to explore when they get going in Argentina.

[maxbubble] 28/10/2009 07:33

In the meantime the company has announced a fourth tranche of its latest placing to raise a total of C$3.79 million so it is well funded. It has also taken an option on the Golden Zone project from Hidefield Gold and Mines Trust. Hidefield is on the point of merging with Minera IRL, whose interests are focused in South America so this deal should be safe even if there is a changing of the guard. Golden Zone is 240 kilometres north of Anchorage on the south flank of the Alaska Range. It is accessible by road and has a self-contained camp and working facility on site.

More important it comes with plenty of exploration and metallurgical data plus a measured and indicated resource of 3.09 million tonnes grading 2.8 grammes per tonne, giving 259,940 ounces of gold, 7.61 million pounds of copper and 1.39 million ounces of lead. At least 14 targets have been identified on the 8,000 hectare property and all have undergone a certain amount of exploration. Like Nixon Fork, it is also on the Tintina gold belt which hosts mines such as Donlin Creek, Pogo and Fort Knox. Further acquisitions are envisaged, but it looks as if Greg Myers and his team have enough to work on at the moment.

[kooba] 28/10/2009 06:58

rns today from miriana...well its all about timing!!
Mariana Resources Managing Director John Sutcliffe said, "These
exceptional results represent an exciting new gold-silver discovery
at Dos Calandrias, indicating its development into a major
mineralised system with bulk tonnage gold potential. This is the
first mineralisation of its type to be found in the Patagonia region,
and we believe it is comparable with a number of gold systems
worldwide. We are planning a major follow-up exploration programme,
which will include additional geochemistry, geophysics, step-out
drilling, deeper testing of the known mineralisation, and scout
drilling of the remaining prospective hydrothermally brecciated
rhyolite dome perimeter.

"The potential uplift in value that Dos Calandrias presents through
an economic discovery is significant. It is therefore the Company's
intention to fast track the project through resource definition
drilling."

[haydock] 27/10/2009 10:13

This is the write up on Mirl from Minesite.
I rather fancy this lot to sort out the HIF sheep from the goats, pretty quickly.

[neudarian] 27/10/2009 08:04

We'd be the last to know if they had!!

[daddy warbucks] 26/10/2009 16:35

Alto up 50% but cannot see any news published. Maybe HIF has sold their remaining shares and cleared the overhang!

[rabybay] 26/10/2009 14:59

still ticking up!

[boadicea] 22/10/2009 14:14

"... to get what I had hoped for out of HIF then Minera is going to need to be in FTSE100" (maxbubble)

LOL

MIRL at £50m may be 8x HIF in capitalisation but it's not even on the main market!

However, for all that, it does look interesting as a way into MIRL (saves about 9% of entry cost at current prices.)

[haydock] 22/10/2009 11:07

Neudarian:
You have the situation in a nutshell.
By my reading HIF is a good news story now.
I wonder if it is better to by MIRl or HIF at the moment ?

Any arbitrage situation ?

Of course the deal is not done yet, so some risk still.
I had a goood deal on GEX, a J/v with Goldfields, which was a red herring, renaged at the last minute by GF & then having crawled all over GEX they gobbled the shares with a poor cash offer.
Poor like this in terms of the potential, but 100% premium on the depressed price.Even had the cheek to suggest they had drilled holes & found something different to the reported gold: they did not say what they had found either: very dubious to put it mildly!!!!Rang all over Ireland for the shares & got the land they needed for their Mali big project too cheaply.

I hope this goes by the book as projected, the management could indeed be what the assets have been needing.
You can see why i am happy with the all sahre deal.

[maxbubble] 22/10/2009 10:47

neudarin...look who got 1000!!
:0)

agree with your comments but to get what I had hoped for out of HIF then Minera is going to need to be in FTSE100 - heres hoping - management seem up to it.

[neudarian] 22/10/2009 09:36

Hey, that was 1100!!
:0)

[neudarian] 22/10/2009 09:34

Fair comments from all, gentlemen.
I'm as disapointed/annoyed as the next guy, but I have to say that a few percent more for them now, and perhaps ending up in a company with maybe not as aggressive a management team as Minera, might not be much of a benefit, especially for those of us who intend this as an ongoing investment in gold.
Given a simple choice of having my bucks tied up in a Co. with limp management like HIF, or with a go-getting management (who pick up less aggressive targets with potential)..like Minerva - is no contest.
And after all, if we all believe that we are being undersold to MIRL and that HIF's assets are really worth much more, the surely that extra value will eventually be reflected in MIRL's shareprice?
You win some, you lose some....Let's get onboard with the better management and see where we are in 12 months. If there is value in HIF - then we are surely more likely to benefit via MIRL.
neudarian

[maxbubble] 22/10/2009 09:16

baby1 - dry your eyes

Haydock - I totally agree with your last post. I think long termers will be slighty disappointed that a lot off upside has been lost with the value of the company. I suppose all we can hope for is some news or another bidder to force Minera to increase the price to better reflect the value of HIF.

[haydock] 22/10/2009 08:55

For those looking for a slightly more impartial opinion, it's not long since John Sutcliffe, of neighbouring Mariana Resources, told Minesite that the Hidefield ground had always been significantly under-rated by the market. Partly though, that was simply because Hidefield lacked the cash to do anything with it. Minera is unlikely to suffer from such constraints, and should be able to add value fairly quickly. Courtney's still basking in the afterglow of his company's share price strength last year, when Minera was the best performing Aim-listed miner. Indeed, it was one of only three with shares that ended the year up on where they started. That sort of performance buys a lot of friends and goodwill, and so far Courtney has yet to squander any of it.


This is an part of the article ia an objective view of the situation.
It's all about management, i am happy to be rowing in this boat going forward.
I could not have seen the other boat in this class, as the water was pouring in for years.
It's not a cash offer,so we have the shares, at a poor level fair enough, but we can keep rowing, cash, or a non U.K company would have been shafting & I have had both this last few months.

This has much to be excited about & possibly the quality of management i am looking for in an investment.

[dadob1] 22/10/2009 08:09

Max

You are now getting really painful

We have been screwed face the facts. Take off your alias and go and sit on Kens lap.

[maxbubble] 22/10/2009 00:02

Maybe Hidefields large shareholders will average down more by buying Mineras stock in a placing at a lower price - otherwise this deal in its current state has significantly undervalued Hidefield imv.

[maxbubble] 21/10/2009 23:45

Minera IRL Swoops On Hidefield, Adding A Potential 70,000 Ounces Per Year Of Long Life Gold Production To Its Offering


By Alastair Ford



For some months now there has been a vague feeling in the market that something's been afoot with Hidefield Gold. No one's been quite sure what, but some of Hidefield's neighbours on the 350,000 ounce Don Nicolas gold project in Argentina seemed to detect a rising sense of expectancy coming across from the ground there as the South American winter rolled on. Work on Hidefield's ground has been largely hidebound for at least 18 months now, due primarily to cash constraints following the credit crunch and because the market has been unsure that a deposit of real substance exists there.
Not so Courtney Chamberlain, executive chairman of Minera IRL, who's been familiar with the Hidefield ground since he worked on it during his time at Newcrest in the 1990s. Given that, and given Minera's current share price strength, it was perhaps no surprise that Courtney was able, on 20th October, to remove the market's uncertainty over Hidefield by announcing a £7.23 million recommended all-share offer from Minera IRL. As the market has come to know over the past couple of years, Courtney's a man to be reckoned with when it comes to junior mining. He steered Minera successfully through a slightly tricky period following the company's debut on the Aim in 2007, when a leading project was dropped, and then on through to the successful commissioning and commencement of very profitable mining at the Corihuarmi project in Peru. He's also not been shy about sallying forth and making acquisitions, driven, perhaps, by an awareness that the juicy margins and cashflow produced by Corihuarmi won't last too much longer. Corihuarmi is a great project, but it's small, and has a short life.

In light of that salient fact, Minera IRL has been diligently advancing the 8,999 hectare Ollachea gold project in Peru's Puno district in the south of the country. This has the potential to be of an order of magnitude much larger than Corihuarmi, as a scoping study that's due out in a few weeks will no doubt demonstrate in some detail. However, any gold production from Ollachea is still some years away, leaving the distinct possibility of a hiatus when Corihuarmi starts to wind down. So, says Courtney, the clear idea behind Minera IRL's offer for Hidefield is "to bridge the gap between Corihuarmi and Ollachea". It is, as you might say, the missing link in the chain.

He's hopeful that Hidefield's Don Nicolas project can deliver production of between 50,000 ounces and 70,000 ounces per year in fairly short order, and as the summer field season gets underway in Argentina he's made US$750,000 available to Hidefield to get work adding ounces to the resource re-started in earnest. And Courtney has a real edge over anybody else who's run the rule over Hidefield lately – because he's been familiar with the Don Nicolas project since he worked that same ground during his time with Newcrest back in the mid 1990s he knows what he's buying, knows what it's worth and knows what to expect. The valuation of the transaction, he explains, was simple – US$25 per resource ounce, plus a little bit extra for a few other odds and ends. That's in line with recent industry transactions, and if Minera can prove up significant further ounces might in the long term look like a bargain.

"I hope we can get 400,000 to 500,000 ounces in to the resource category fairly soon", says Courtney. He adds that on this type of deposit, in this part of the world, "once you get a mine going, you can often go on forever". Don Nicolas has yet to be explored at real depth, and it's at depth that the key to the project's longevity may well lie. For those looking for a slightly more impartial opinion, it's not long since John Sutcliffe, of neighbouring Mariana Resources, told Minesite that the Hidefield ground had always been significantly under-rated by the market. Partly though, that was simply because Hidefield lacked the cash to do anything with it. Minera is unlikely to suffer from such constraints, and should be able to add value fairly quickly. Courtney's still basking in the afterglow of his company's share price strength last year, when Minera was the best performing Aim-listed miner. Indeed, it was one of only three with shares that ended the year up on where they started. That sort of performance buys a lot of friends and goodwill, and so far Courtney has yet to squander any of it.

[mr.oz] 21/10/2009 21:11

max , you are obviously a masochist. I have watched these mercilessly drop from the 10p that was my exit. I nearly bought some many times over the months since, but thought this might be just a cash cow to the directors only

[maxbubble] 21/10/2009 09:08

Its not over until the fat lady sings - all sorts of games can be played on aim - the terms could be changed before deal is finally sanctioned - another bidder - they can still go it alone if they dont get 75% approval, raise some new funds. Never did think Ken would have got involved in real mining and was thinking some sort of deal like this would be agreed - disappointed in the price but Minera management look capable enough so if we could negotiate better terms i.e. if Mineras price declines over the coming weeks then that would be better. Still very happy to hold and add if price declines.