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MOE Moto Goldmines

315.00

0.00 (0.00%)

02 May 2024 - Closed

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Moto Goldmines Investors - MOE

Share Name	Share Symbol	Market	Stock Type
Moto Goldmines	MOE	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	315.00	01:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
			315.00	315.00

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Posted at 24/10/2009 09:45 by robson1974 anyone looking for the next MOE might want to look at MWA SOME OF THE WORLD'S MOST IN-DEMAND GOLD STOCKS Beyond Moto - African gold stocks rock Author: Barry Sergeant Posted: Friday , 23 Oct 2009 JOHANNESBURG - Moto Goldmines disappeared from stock market listings this week, following its friendly takeover by a joint venture involving AngloGold Ashanti and Randgold Resources, the target being more than 20m ounces of gold that have been outlined at the Moto project in the far north east Democratic Republic of the Congo. The transaction has further intensified investor interest in listed gold stocks active on the continent as a whole; at least 80 names can be identified. A good number of these stocks currently rank as the world's most in-demand gold stocks, as indicated by the table that follows this article. While gold mining in South Africa has been very much a formal activity for well over a century, various kinds of gold mining activity have for many centuries characterised gold belts located in parts of Africa. New "discoveries" are indeed rediscoveries; relative to the gold belts available, very little modern exploration has taken place. In the DRC, as an instance, the semi-continuous Kilo Moto greenstone belt is currently under exploration by Moto Goldmines, AngloGold Ashanti (separately, to the south) and Mwana Africa. London-listed Mwana recently announced an initial resource of 452,000 ounces of gold outlined on the Zani-Kodo trend within the Kilo Moto gold district. The general Kilo Moto location is remote, and the new Moto JV partners will be budgeting good amounts of money for basic infrastructure, and rehabilitation of one or more of a number of run-down hydropower facilities. History shows, however, that these are old hats, albeit good ones. The semi-continuous Kilo Moto greenstone belt was exploited primarily in the 1950s and 1960s by Belgian charter companies, producing more than 3m ounces of a total recorded 11m ounces of gold production from hard-rock mines in the Kilo Moto belt. The mining was mainly focused on surface operations, a mixture of alluvials and shallow oxide pits. The concessions are like small countries. To the south of Zani-Kodo lies what's currently known as Mongbwalu, where the 10,000 km2 kilometer concession 40 (AngloGold Ashanti, 86.22% and OKIMO (a DRC parastatal), 13.78%) is being extensively explored by AngloGold Ashanti. Mwana Africa, in a 80:20 JV formed with OKIMO, holds gold mining rights over 1,610 km2 in Orientale Province. The Moto Goldmines project, 570km north east of the city of Kisangani and 150km west of the Ugandan border town of Arua, covers an aggregate lease area of some 1,841 km2. Activities to date have primarily focused on just 35 km2 surrounding the old Durba gold mine, where a monumental resource of 25.7m ounces of gold has been outlined. Read Full Thread Reply
Posted at 12/10/2008 09:11 by banagherotto quazie12 The reviewing of the contracts by the government will be finished within the next days. No fundamental changes are exspected.This reviewingprocess indicated to many investors, that an investment in Moto is "unsure" and the DRC is too risky to invest. Moto Golmines is well financed and at the border to become a producer. (low production costs) Watch the video here: (it was presented already in 2007 in Germany) Read Full Thread Reply
Posted at 23/8/2007 16:45 by wassapper You may be interested in a piece written to highlight the next Commodity Watch radio show (which can be found on Minesite) Hedge Funds Aren't the Problem; They are Part of the Solution During the market turmoil of the last month there have been many siren voices, some even suggesting that the situation faced by global financial markets is akin to a 1929 crash, with investors encouraged to sell everything. In an exclusive interview for Commodity Watch Radio, it was reassuring to hear from John Mauldin that he believes such comments to be "excessive, and pandering to people's fears." John is President of Millennium Wave Advisors, LLC a US based investment advisory firm that is focussed on the hedge fund sector. Through a network of partners in places such as the UK, Denmark and South Africa, John Mauldin is probably closer to what is happening in the hedge fund industry than most. Whilst his name may be unfamiliar to some, John is very well known to a broad section of the global investment community through his weekly newsletter which is free and read by over one million recipients. "I've been writing this every Friday night for some years now. It helps me to collect my thoughts and at the same time helps others." The subject of sub-prime mortgages has been concerning John for the best part of a year now as evidenced in his letters. His principal concern is that the fallout from this sector will affect the US housing market to the extent that it causes a mild recession in the US and he still thinks that we shall see this. A US recession will have perhaps a more significant effect on global markets with "a further 10% downside at least for US equities." It is the reset effect of sub-primes that should cause concern. Most of these 'exploding ARMs' are due to start their resets (to higher rates) over the coming months with the peak being seen through to the end of the first quarter 2008. When asked if the current liquidity crunch was caused by hedge fund speculation in CDOs that were clearly mis-priced and given AAA ratings by the ratings agencies his answer is an emphatic no. "We have seen a few funds blow up. If there were many more we would probably have seen them by now. I have been calling dozens of people in the industry over the last two weeks and asking them if they have seen major redemptions. They have not." So where does the problem lie? "It is Asian and European institutions that were buying these securities. The major problems have been seen in Europe with the ECB pumping in liquidity and German banks in particular experiencing problems." John has some pretty radical views of how this crisis might pan-out, anticipating more normal markets by October. Very soon he expects the lawyers to get active and have the ratings agencies such as Moody's and Fitch in their sights. "The ratings agencies will have to answer some tough questions. " As he said in his last letter, "Credit markets function because there is the belief that if you lend money you will get it back. Ratings are the grease for those markets. Now they have become the sand in the gears." His view is that these agencies need to restore credibility and he makes the serious suggestion that Warren Buffet should step in and takeover Moody's. He already owns 19%. He should "put his not inconsiderable credibility on the line for all the future ratings and the inevitable re-ratings that are going to be done." But how do the markets start to unfreeze? He thinks hedge funds will be a major part of the answer. "Savvy distressed-debt hedge fund managers will look at the paper, and buy it for a discount." The key point here is that whilst significant losses may occur for the owners of this paper, they will at least be able to put a value on it (which they can't at present) and move on. Much of the debt will be redeemable giving the funds that step in a healthy profit, even with modest gearing. He sees the process as being gradual. Traders have to be very careful in this market. They could easily make career ending decisions if they make the wrong move. "They don't want to put themselves in the sub-prime category!" he says with a grin. We talked a lot more about the markets, the dramatic unwinding of the Yen carry trade (see chart below), gold, oil and the dollar. To hear more from John Mauldin look out for the next edition of Commodity Watch Radio. Meanwhile, if you would like to read more of John's thoughts you can subscribe to his free weekly newsletter here. Read Full Thread Reply
Posted at 19/4/2007 11:17 by makkaroni Striking It Rich: An Interview With Gold Explorer Ron Parratt By Chris Gilpin 18 Apr 2007 at 04:27 PM GMT-04:00 STOWE, Vt. (Casey Research Advertorial) -- Despite the growing number of investors joining the hunt for extreme profits with precious metals exploration stocks, arguably the best way to play the burgeoning bull market in gold and silver, the reality is that not 1 in 30 actually understands the exploration process. To help fill in the blank spots, we recently caught up with famed Nevada mine finder, Ron Parratt, the president of AuEx Ventures [TSXv:XAU]. During his long career with Santa Fe Pacific Gold and Homestake, Ron led teams credited with a number of discoveries, involving over 20 million of ounces of gold. His successes qualified him for induction into the Explorers' League, the unique membership organization dedicated to following the careers of the world's most successful mineral explorers. CASEY RESEARCH: Let's start with the basics on exploration. I've got a few bucks in my pocket. Now, how do I go about finding a gold or silver mine? RON PARRATT: Well, obviously the topic of exploration is fairly broad. Although we're all as an industry doing the same thing, when you get down to the detailed level, we do it differently. A major producer such as Barrick or Newmont, with a lot more than pocket change, will have the same goals, an economic discovery, but the process they use to get to that discovery will be different than that used, say, by an early-stage junior. The latter companies may have little more than questions. Where do we explore? And why? How do we go about establishing projects? What do we do once we have projects? What is the exploration path for a project to become a mine? Why does all of this seem to take so long? Which I'm sure is what a lot of investors wonder about. CASEY RESEARCH: Why does it take so long to find a gold mine? RON PARRATT: Well, take this for what it's worth, finding gold is not hard. At the same time, finding gold that can be developed into an economic mine of some merit is incredibly hard. Every project we work on we usually find some gold, in outcrop sampling, for example, but finding some gold and finding enough gold to be exploited commercially are two entirely different things. Typically, you have to explore a lot of projects, and have a lot of failures along the way, before you are finally "lucky" enough to identify a commercially viable project. And all during that process you have to deal with any number of issues and challenges, including permitting, finding available rigs and skilled people, squeezing your exploration programs into limited field seasons which are hampered by weather and problems with access... any number of different things, all of which take their toll. CASEY RESEARCH: As an investor, one thing I struggle with is how to handicap the political risk for the area in which the exploration program is focused. Given that you also don't want to waste time and money exploring in dicey areas, how do you accurately assess that risk? RON PARRATT: The annual Fraser Institute study probably offers the best overall political risk evaluation on a country and even regional basis. I don't know everything involved in producing the study, but according to the Institute, some number of the major, mid-tier and junior companies complete a form and submit it to them. That data is then compiled and used in ranking most of the areas in the world where exploration is, or has been, occurring, including the provinces in Canada, many of the states in the U.S., countries in Central and South America, Africa and so on. This tends to serve as at least a proxy of what areas are deemed to be favourable for a whole bunch of factors, not just endowment - which is ultimately the most critical - but also political issues. How long does it take to permit? How secure is your land tenure? Do you have a good workforce? What's the infrastructure like? All of these have a bearing on your ability to be effective in an area, not just with exploration but also development. A gold project that requires the development of an autoclave (an autoclave allows for pressure oxidation, a highly energy-intensive chemical process whereby you oxidize a refractory ore in order to make it treatable) probably isn't as much a problem in Nevada as it would be in the Andes or the Congo, places where you just don't have the infrastructure or the skilled labour force needed to put an autoclave into operation. All things have an impact on what you look for and whether or not it's likely to be developable economically. CASEY RESEARCH: In this recent bull market, where we're seeing more and more dollars being spent on exploration, what are the chances of a really big discovery being made? RON PARRATT: I'd go as far as to say that it's virtually assured that one will be made. Last year, Aurelian made its Fruta Del Norte discovery in Ecuador, a world-class deposit in every sense. It's enormous, with 10 million plus ounces. Only time will tell what else will be discovered in that district. I think it's almost certain there will be other deposits of that size found going forward - probably another one this year, and maybe more. In my mind there is no doubt new discoveries will be made. CASEY RESEARCH: What's the biggest factor in large discoveries being made? RON PARRATT: Like many things, it comes down to money. If companies are not out there spending money, mostly the case during gold's long bear market, then discoveries are not going to be made. When commodity prices are low and times real lean, money being spent for new exploration on greenfields (previously unexplored areas) is reduced, more so than for mine site work. Companies like Newmont and Barrick are going to focus more of their work in higher probability areas for success and that means within an existing mine site, or in the immediate vicinity of one. They'll find ounces when they do that. That strategy can clearly pay off. Consider Cortez Hills, obviously a whopping discovery, the extent of which is still unfolding. It's within eyesight of the original Cortez, it's within eyesight of Pipeline. Some don't view mine district discoveries the same as greenfield discoveries, but obviously they can be very important. In 1998 or 1999, with gold's price so battered, would Aurelian have been able to raise money to explore in Ecuador? Possibly not. I think it was clearly the result of this exploration cycle, and the availability of funding for juniors over the last few years that allowed them to get the funds they have and pursue that project. And that led to a discovery and I think the same thing will happen again, perhaps this year, and certainly in the years ahead. Given that exploration spending is running at record highs, it's assured in my mind. There will be new discoveries made. CASEY RESEARCH: Where in the world do you think the potential is highest for the next big discovery? RON PARRATT: I wish I knew. That's a topic we'll be covering extensively in Chicago when a panel including myself and other members of the Explorers' League compare notes from recent exploration programs in an effort to pinpoint the two or three most likely candidates for a major discovery. While I will be giving a lot more thought to the topic between now and the Summit at the end of May, I would mention Africa as a continent that seems largely underexplored. For instance, in the Democratic Republic of Congo, a really terrible place in terms of political risk, there's a company called Moto Goldmines which is sitting on what looks to be a really large deposit. But there are other parts of Africa with apparently good endowment that are unlikely to see the same level of activity as other parts of the world because of the politics, and the risks are so great for companies to get involved in those locations. That could be said perhaps for parts of Russia, perhaps for Central Asia. But there are also other areas - parts of North and South America for instance - that are richly endowed and far more workable. It should be a very interesting discussion in Chicago. CASEY RESEARCH: In speaking with your partner, Richard Bedell, he said something that stuck in my mind, "Anyone can drill, but there is an art to drilling." Could you elaborate? RON PARRATT: Well, I'll try. When you're exploring, and when you're assessing properties as exploration plays, you're dealing with very scant data. You'll have rock samples from the surface. You might have some geophysics. You might have a magnetic survey. Probably some processed TM imagery from Richard. But the reality is that you can't see underground and so the data set you're dealing with is really, really limited. Nothing in the data will say "There's a gold mine here." Our approach might be to say "If there is something in the way of a gold deposit here, what could it be that is consistent with the data we have and the kind of deposit we're looking for?" In other words, you're looking to find an ore deposit underground in the third dimension. I have some data. If there was a deposit here, what would it have to look like? And you base your exploration ideas on that sort of thinking. Then drill with a firm geological/ore deposit hypothesis in mind. Each drill hole tests your ideas and proves or disproves them. The fact is, mineral exploration is a difficult business to be successful at. You fail most of the time. I think your ability to look at data and come to new ideas for exploration targets is very important. And you can do that only if you can fall back on fundamental experience, experience gained from having seen a lot of ore systems and having a clear appreciation for how they form. That can lead you to develop ideas that you then test with drilling. That was really what I think Richard was referring to as the "Art of Drilling." It really comes down to experience. Frankly, there are a lot of very good, very smart people in the industry. But I think that for a company of our size, we can be as skilful at this as any of our peers. CASEY RESEARCH: If our readers could spend time with you in person, they'd see the passion you have for exploration, a trait we've found in all of the Explorers' League Honorees. Clearly you still get excited when you see things start to come together, as they have on your recent Long Canyon discovery. RON PARRATT: You have to love this kind of work and you have to get a great sense of satisfaction out of it. Because again, on most projects, you explore and you fail to find an economic ore deposit. It's very, very rare that you find something you can develop to the point of becoming a mine. The real test in any of these is to drill and see whether or not you get gold in a drill hole. And the real high in this business is when you drill a hole and you get an ore-grade intercept back. That's what you live to see. Most of the time when you drill holes in a new area, you get surprises about the geology and you don't find gold mineralization in economic amounts. But sometimes you get the geology right and if you're really lucky, you find potentially economic gold values. That's a discovery and that's something that gets you really excited. It's the few fleeting times that you do that which gets you hooked on the business. Nothing is more exciting in this business than drilling holes that come back with ore-grade intercepts. That's the ultimate high. CASEY RESEARCH: Thanks for your time. Considering where we are in the exploration cycle, it seems like there will be much to discuss in Chicago. We'll see you there. RON PARRATT: Yes, the timing is excellent. See you there. Read Full Thread Reply

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