|CEO Interview in the header CEO|
|Plato optionee finishes 900 m of drilling at Guibord
2011-11-17 09:18 ET - News Release
Also News Release (C-SAS) St Andrew Goldfields Ltd (3)
Mr. Anthony Cohen of Plato reports
ST ANDREW GOLDFIELDS LTD. COMPLETES DRILL PROGRAM ON GUIBORD PROPERTY OPTIONED FROM PLATO GOLD
St Andrew Goldfields Ltd. recently completed 900 metres of NQ diamond drilling in two holes on Plato Gold Corp.'s Guibord property east of Matheson, Ont. The property is located approximately 1.0 kilometre along geological strike of the Victory Gold Inc. Gold Pike mine (see Victory Gold news release dated Sept. 14, 2011) and northeast of the producing St Andrew Goldfield's Hislop mine.
"I am pleased to see the recent drill program completed on the Guibord property," said Anthony Cohen, president and chief executive officer. "With our drill program at Nordeau East earlier this year (see Feb. 1, 2011, press release) and St Andrew Goldfield's work on the Holloway and Guibord properties in the Timmins gold camp, we are advancing both programs in Timmins, Ont., and Val d'Or, Que. As well, work is advancing on our Lolita project in Santa Cruz, Argentina, with very encouraging results to date (see Oct. 20, 2011, press release)."
Typically, the Guibord property is underlain by interbedded mafic volcanics, ultramafic volcanics and sedimentary rock, trending southeasterly and dipping 45 degrees to the south. The Guibord property straddles the Destor Porcupine fault zone, and gold mineralization is typically associated with alteration and pyrite in proximity to it.
Drilling completed to date on the Guibord property intersected moderate to strongly altered mafic volcanics with varying amounts of disseminated sulphides. Assay results are pending in the fourth quarter.|
|The directors of Plato Gold Corp (TSX-V: PGC), Lydian International (TSX: LYD), Ironclad Mining (ASX: IFE) and African Eagle Resources (AIM: AFE) will be presenting in London on:
Tuesday 15th November 2011
VENUE: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.
REGISTER YOUR ATTENDANCE HERE: http://www.proactiveinvestors.co.uk/register/event_details/129|
|Plato Gold Announces Closing of
Private Placement for $195,000
Toronto, September 23, 2011 Plato Gold Corp. (TSX-V: PGC) ("Plato" or the "Company")
an exploration company with a portfolio of properties in significant gold mining camps in
Northern Ontario, Northern Québec, and Santa Cruz, Argentina is pleased to announce that it has
closed its non-brokered private placement (the "Offering") of $195,000, previously announced
on September 14 and September 19, 2011. Pursuant to the Offering, the Company issued
3,900,000 flow-through units for purposes of the Income Tax Act (Canada) (the "Flow-Through
Units") at a price of $0.05 per Flow-Through Units for gross proceeds of $195,000.
Each Flow-Through Unit consists of one common share which qualifies as a "flow through
share" for purposes of the Income Tax Act (Canada) and 1/2 common share purchase warrant.
Each full common share purchase warrant partially comprising the Flow-Through Units is
exercisable to acquire one common share of the Company for a period of eighteen months from
the date of issuance thereof at an exercise price of $0.10 per share.
The proceeds from the sale of the Flow-Through Units will be used by the Company for
exploration work on its properties in the Val d'Or region in Québec.
The Company paid finders' fees in respect of purchases totalling $1,000 cash.
With the completion of the offering, there will be 143,591,655 common shares of the Company
issued and outstanding (222,456,591 common shares on a fully diluted basis).
Closing of the offering is subject to receipt of all required regulatory approvals, including
approval of the TSX Venture Exchange. All of the securities issued pursuant to this offering will
have a hold period expiring 4 months after the closing date.
Mr. Anthony Cohen, President and CEO of Plato Gold, stated "I am very pleased to announce
our current financing as this will enable the company to continue our next stage of exploration
work in Val d'Or, Québec. The company remains focused on our goal to increase the size of our
NI 43-101 compliant resource in Val d'Or, as well as our on going projects in Timmins, Ontario
and in Santa Cruz, Argentina".|
The company holds interest in three properties in the Province of Santa Cruz, in southern Argentina, five properties in the Timmins, Ontario region, and seven properties in the Val d'Or, Quebec region, including a NI 43-101 report with indicated resources of 30,212 oz Au and inferred resources of 146,315 oz Au.
Quebec: Nordeau W: indicated 30,212 oz Au and inferred 146,315 oz Au
Ontario: 25% PGC 75% SAS Guibord: 2 holes drilled results Q4 Holloway: Drill spring 2012
Argentina: 75% PGC Drill Q411
Shares in issue (Oct 11) 143.6m 222.5m FD
Market Cap £3.5m @ 4c
CEO interview Nov 11: http://www.proactiveinvestors.co.uk/companies/stocktube/939/plato-gold-ceo-says-theres-very-good-potential-even-without-the-recent-rise-in-gold-939.html|
|nice jump today, you can even sell at 40.5p, above the mid.
This is the bit that interests me from todays news release about the new ceo;
'Previously Tom Fischer served as Vice President of Northern Europe at retail solutions vendor Retek Inc, joining the business prior to its IPO and overseeing its rapid growth up to its acquisition by Oracle'
As PGC is an Orcale user and partner, I wonder if he's been brought in to try and do the same again.|
|Down line all depends on how well the PL technology fits the development plans of its major existing and potential clients, especially around evolving web site integration, get that right and all future sunshine, otherwise not so good. Hopefully, the new man will ensure that is all OK.|
|1.6m shares sold late on today.
Thats 16% of the company. but who by? and who to? guess we'll have to wait for the RNS.
81.7% of the shares are held by the directors and other significant shareholders. Only Sam Jackson, current ceo, could sell that much individually.
That doesnt strike me as a good sign, especially after news he is stepping down as ceo.|
|New ceo announced today, but doesnt seem to have caused any reaction in the share price yet. Will be interesting to see what he can add. As the existing ceo is staying on as cto, youve got to assume another big salary for the co. to cover, which would likely wipeout profits if last years performance was repeated.
Interim results due next, so will be interesting to see any news that followed the period end linked to the new ceo arrival|
|thanks for your input fillipe|
|Ive anecdotally noticed both Fat Face and White Stuff opening new stores, or upgrading to larger stores in many towns ive visited recently.
I really hope PGC licences and professional services are benefitting from this growth.
If they were able to add any new sales in the first half aswell it could make for a great set of interim figures.|
|3 months since i bought in, and no comments, and probably no trades either. Glad this is in my pension and i wont be needing the money for a few years yet.
CCS, A company in a similar space and with a shared board member has done well this week.|
|Wow no posts for over 2 years.
Market makers are still having a laugh with the spread at 25p-38p this morning, although I was able to buy at 32p. I dont know why they bother.
Unsurprisingly very low volume, im not sure about the lse, but my trade on PLUS was the first since March.
The results out this morning look very encouraging. They seem to have emerged from the downturn in a strong position and with net cash.
I particularly like their client list, with retailers like white stuff and fat face that i think are doing well. I need to research the deals further, as hopefully PGC benefit as store numbers increase.
Also looks like a well established shareholder base, who must all be nursing losses, and no recent dilutions. All good signs for me.
Anybody else still following these?|
|Does anyone know why the market makers are having a laugh on this one ?
Spread 80p to 98p is daylight robbery.|
|Does anyone know the reason for the large fall in the share price on Friday?|
Something for the serious investor in the
Accsys Technologies PLC is a UK incorporated
environmental science and technology company which is developing a range of
transformational technologies offering substantial improvements in the cost and
environmental impacts of production for a range of everyday materials.
The most advanced of these is the process for
wood acetylation, which effectively gives softwoods the durability, stability
and reliability of the very best hardwoods. Accsys is presently operating a
large scale wood acetylation test plant in the Netherlands. This is being used
to supply potential customers and licensees across the globe with test
quantities of Accoya, the company's branded wood product.
Accsys has a further range of other processes
which offer potential for future growth. A number of these technologies have
existing patent protection or are subject to pending patent applications and all
have been either proven at pilot-scale or subjected to independent validation by
experts. Accsys is in the process of constructing full-size production plants
for two of its technologies.
Company chairman on Bloomberg - end of March
AXS - Accsys Technologies PLC environmental science and technology that is going places.|
|THIS ON 1ST MAY
Prologic is pleased to announce that it has won a contract with an initial value
of #700,000 to provide a complete enterprise IT solution comprising both its
CIMS software suite and Unify private network to Tiso Group Limited ("the Tiso
Group"), the outdoor clothing and equipment specialist.
This contract adds to Prologic's significant presence in the outdoor market
place with established clients such as Fat Face, White Stuff and Go Outdoors.
The Tiso Group currently employs 400 staff across 16 stores and plans to grow
This contract win followed on from a recent consultancy project with the Tiso
Group undertaken by Prologic's new business consultancy division.
Sam Jackson, Managing Director of Prologic, said:
"This is an excellent win for us as it underpins, yet again, Prologic's market
position as the IT solutions provider of choice to fashion and lifestyle
retailers. Our new business consultancy division is generating business
opportunities in both existing customers and new name business. I look forward
to reporting further progress in due course".
Prologic wins 1.68 mln stg initial contract for enterprise software suite
LONDON (Thomson Financial) - Prologic PLC said it won a contract with TM
Lewin Group Ltd for an initial value of 1.68 mln stg for the implementation of
its CIMS enterprise software suite across TM Lewin's business.
The IT business solutions provider for lifestyle retailers said the current
order follows the success of an initial consultancy project with TM Lewin last
|Great results yesterday and a 25% price increase to-day.Looking good.|
|Well, that's some rise over the last few days :-)|
|Director buys - that's more like it. Yes, they're small, but every little bit helps :0)|