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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Moto Goldmines | LSE:MOE | London | Ordinary Share | CA61981U1084 | COM SHS NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 315.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 315.00 | GBX |
Moto Goldmines (MOE) Share Charts1 Year Moto Goldmines Chart |
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1 Month Moto Goldmines Chart |
Intraday Moto Goldmines Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/10/2009 | 09:45 | MOTO Goldmines - Prolific DRC Gold Play | 77 |
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Posted at 24/10/2009 09:45 by robson1974 anyone looking for the next MOE might want to look at MWASOME 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. |
Posted at 25/2/2009 20:30 by munin Possible all-share offer from Randgold coming up? |
Posted at 25/10/2007 16:56 by metalera have moved a few share in - post DRC scare, gold doing well, about 100% underavlued to its peer group > timing seems about right... |
Posted at 12/7/2007 15:11 by makkaroni they got it save!!!RNS Number:1224A Moto Goldmines Limited 12 July 2007 NEWS RELEASE FOR IMMEDIATE RELEASE TSX Code - MGL July 12, 2007 AIM Code - MOE MOTO GOLDMINES LIMITED - UPDATE ON DRC COMMISSION REVIEW PERTH, WESTERN AUSTRALIA -As previously announced (see Moto Goldmines Limited (" Moto" or the "Company") November 8, 2006 news release), Moto and L'Office des Mines d'Or de Kilo-Moto ("OKIMO"), a Congolese para-statal entity have entered into a simplified contractual arrangement (the "November 2006 Protocol") to govern the development of and future production activities at the Moto Gold Project ( "the Project"). As previously announced (see Moto's April 30, 2007 news release), a Commission has been appointed under the authority of the Minster of Mines of the Democratic Republic of Congo to review various mining agreements entered into by the Congolese government, including agreements entered into by OKIMO with Moto's Congolese subsidiaries. The Commission has commenced its work and it has reviewed the OKIMO contracts. The Commission has had discussions with OKIMO and Moto has also made an oral presentation to the Commission. Whilst the Board of Directors of Moto is confident that the arrangements with OKIMO are fair to both parties and that the terms of the November 2006 Protocol should be confirmed, the Board remains concerned as to the timing for the formal conclusion of the process. Moto is pressing for a formal announcement of both a timetable for conclusion of the review and for publication of the results. For further information in respect of the Company's activities, please contact: Klaus Eckhof Mark Arnesen Andrew Dinning President and Chief Financial Director and Chief Operating Officer Executive Officer Chief Financial Officer Tel: (61 Cool 9240 1377 Tel: (61 Cool 9240 1377 Tel: (61 Cool 9240 1377 Email: Email: Email: adinning@motogoldmin eckhofk@crcpl.com.au marnesen@motogoldmin Nominated adviser for the purposes of AIM: RFC Corporate Finance Ltd Contact: Stephen Allen Company website: www.motogoldmines.co Caution Regarding Forward Looking Statements: Statements regarding MGL's plans with respect to negotiating an increase in its interest in and developing the Moto Gold Project are forward looking. There can be no assurance (i) regarding the final nature of the detailed agreements or that the detailed agreements will be concluded in a form that is satisfactory to the parties involved; and (ii) that any mineralisation will be proven to be economic, that anticipated metallurgical recoveries will be achieved, that future evaluation work will confirm the viability of deposits identified with the project or that future required regulatory approvals will be obtained. This information is provided by RNS The company news service from the London Stock Exchange END MSCGCGDRGBBGGRD For Related News, Double Click on one of these codes: [RNS] [GDM] [EUROPE] [WEU] [GB] [REG] [LEN] [MGL.TO] [MGLq.L] For Relevant Price Information, Double Click on one of these codes: Thursday, 12 July 2007 10:14:08RNS [nRNSL1224A] {EN}ENDS |
Posted at 31/5/2007 15:38 by wiseacre Take Care. Title is a serious issue fror this company and the share price is highly vulnerable to further collapse. |
Posted at 19/4/2007 11:17 by makkaroni Striking It Rich: An Interview With Gold Explorer Ron ParrattBy 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. |
Posted at 27/6/2006 15:04 by paul140352 Production should start in 2009 at around 320,000 ozs of gold per year. The share price is curently 38% cheaper than March's peak at 375 but once the resource estimate is firmed up the price is unlikely to stay this low."Shares mag" 22-28 june 2006. |
Posted at 24/5/2006 09:36 by rambutan2 but this didn't go down well...The Company also advises that on 23 May 2006 Mr Klaus Eckhof, a director of the Company, sold 275,000 Common Shares at a price of A$5.25 per Common Share. Mr Eckhof's interests in securities of the Company now consist of 275,000 Common Shares. |
Posted at 10/5/2006 11:38 by dogberry202000 Director buying the other day. They also rose by almost 8% in Canada. These could rise to an extreme price. Ten bagger is losely used with shares. With this one it may be an understatment! |
Posted at 29/3/2006 15:30 by wassapper hello rambutan - another DRC play but a very prolific area. Look at what has happened to the Banro price, and Moto are following along behind. |
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