Taiwan I.T Share Discussion Threads

[backwardation] 22/4/2002 18:41

Maybe wait for the move to AIM ?

[backwardation] 22/4/2002 18:39

Professional Investors would have to say that TWI {plus Gold Fields} does look rather attractive !

However, the 11p offer is more debatable !

It's just NOT that generous taking into account current market conditions, is it ?

[sharestriker] 22/4/2002 15:59

Anyone taken up the offer or views would be gratifully received

[mr ashley james] 12/4/2002 12:02

CTB,

Is that genius Euan Worthington still involved in this?

Cheers

Ash

[sharestriker] 12/4/2002 10:13

As it stands @ this moment in time twi are 12p mid
They have offered me shares @ 11p & Gold Fields
have agree to pay 13.5p. On the face of it the
offer appears reasonable.
Any comments

[backwardation] 12/4/2002 09:40

Professional Investors would have to totally agree with the Investors Chronicle {I.C.}....



"Proving aresource and selling it to majors is smart business for small mining companies. CMR came close when it signed up Newmont to help it develop LP. After newmont pulled out and 'reading between the lines' IC feels that Newmont pulled out due to acquistion of Normandy. IC says CMR still has a 'substantial resource' the value of which is being verified by an independent consultancy firm FRK. At current estimates the 1m ounces equate to $300m worth of gold. although the cost of extracting it has yet to be established.

Cambridge has opened talks with other companies but if not forthcoming will gear up and go it alone. Currently has £620,000 in the bank, enogh for another year by which time a bankable feasibility study should be in place. Those who bought on tip of 29p should hold tight."

................................................................................

[cimac] 12/4/2002 07:59

CTB,

Well perhaps they could have made it 10p but the number of shares/warrants
in issue has mushroomed recently so it looks like they are trying to raise
the money with as little dilution as possible.

[citytraderboy] 11/4/2002 21:49

Will TWI get to AIM by mid-year ?

Or is 2nd half 2002 more realistic ?

Any further comments/views ?

[citytraderboy] 11/4/2002 21:47

Any views on the 11p placing ?

Doesn't seem overly generous to me !

Comments please....

[backwardation] 04/4/2002 20:39

Professional Investors understand that TWI will go to AIM
on the 1st July 2002.

[citytraderboy] 04/4/2002 19:11

With regards to that last post I agree !

However , do you have any dates for the AIM float ?

If so , please post....

Cheers,

CTB.

[backwardation] 04/4/2002 19:05

Professional Investors are becoming rather interested in Twigg Resources and when the stock goes to AIM this summer that interest will come to the fore.

[citytraderboy] 25/3/2002 22:31

Twigg Minerals plc - Joint Venture/Placing/Restoration
Twigg Minerals plc Newstrack Announcements 20/03/2002
TWIGG MINERALS plc and GOLD FIELDS LIMITED

JOINT VENTURE AND SHARE PLACING

Twigg Minerals plc and Gold Fields Limited (Gold Fields) are pleased to announce
that they have reached agreement regarding:


* A placing to Gold Fields of 3,707,703 units, each comprising one Twigg
Ordinary Share and one Warrant, at a price of 13.5p per unit with a total
value of GBP500,000. Each warrant will entitle Gold Fields to purchase one
additional Ordinary Share at a price of 16.9p at any time up to 31 March
2005. Twigg will apply at least 80% of the proceeds of this placing to the
advancement of the Miyabi gold project in the Lake Victoria Goldfields of
Tanzania.

* A grant by Twigg to Gold Fields of an exclusive right, within a time period
to be agreed, to enter into a joint venture with Twigg on the Miyabi gold
project. Under the joint venture, Gold Fields will earn 51% of the Miyabi
project by spending a further GBP1,500,000 on exploration. Gold Fields can
earn an additional 19% by completing a bankable feasibility study on the
property.

The agreement has been approved by Twigg's Board and Gold Fields' Executive
Committee, subject to drafting and execution of the relevant instruments and
completion of due diligence.


Formed in 1998 by combination of the gold assets of Gold Fields of South Africa
Limited and Gencor Limited, Gold Fields Limited is one of the world's largest
unhedged gold producers with operating mines in South Africa, Ghana and
Australia. Attributable gold production is more than 4.5 million ounces per
year, with reserves of 85 million ounces and resources of more than 150 million
ounces. Gold Fields is listed on the Johannesburg (GFI), Nasdaq (GOLD), London,
Paris and Swiss exchanges.


Twigg is delighted with the confidence shown by Gold Fields in its projects,
operations and management, and is pleased that the finance and expertise to be
provided by Gold Fields will greatly accelerate progress on the Miyabi gold
project.


Twigg will make a full announcement of resulting shareholdings after the placing
has been completed.


John Park
Chairman, Twigg Minerals plc

PRESS CONTACT (TWIGG): Tel Fax
John Park (Chairman) Twigg 00 61 7 5528 6750 00 61 7 5528 6750
Mark Parker (Managing Director) Twigg 01590 679 420 020 7691 7745
Jonathan Willis-Richards Loeb Aron & Co Ltd 020 7628 1128 020 7638 0756

ENQUIRIES (GOLD FIELDS)
Willie Jacobsz (South Africa) 00 27 11 644 2460 00 27 11 484 0639
Cheryl A Martin (North America) 00 1 303 796 8683 00 1 303 796 8293

This announcement has been prepared by and is the sole responsibility of the
Directors of Twigg Minerals plc. Loeb Aron, which is regulated by the Financial
Services Authority, has approved this announcement for release. Loeb Aron is
acting as corporate adviser to Twigg Minerals plc and to no-one else and will
not be responsible to anyone other than Twigg Minerals plc for providing the
protections afforded to customers of Loeb Aron or for providing advice in
relation to any investment made pursuant to this announcement.


RESTORATION OF TRADING

The above announcement having been made, OFEX plc will restore trading in the
shares of the Company on OFEX with effect from 12 noon today.




Source: Newstrack Service

[citytraderboy] 20/3/2002 22:00

By the way , my understanding is that the placing is to be completed
sometime in April ?!

[citytraderboy] 20/3/2002 21:58

Paul,

Sorry mate , but I've only just seen your post !

Phone the Company direct and speak to the M.D. Mr Mark Parker
about the placing. I really don't think that they'll be any
problems as it's open to all existing shareholders , plus
other outside {new} shareholders.

Good luck !

Cheers,

CTB.

[sharestriker] 12/2/2002 00:45

Twigg Minerals plc - Results from Sampling at Kakumbi Licence
Twigg Minerals plc Newstrack Announcements 11/02/2002

POSITIVE RESULTS FROM SAMPLING AT KAKUMBI LICENCE

Twigg has received the first results from sampling of abandoned artisanal mine
workings within its Kakumbi licence. The sampling is part of an exploration
programme which also includes geological mapping, ground magnetometer surveys
and geochemical soil sampling.


Kakumbi lies 35km north of Twigg's Miyabi project and is just 1.5 km from
Spinifex Gold's Nyakafuru discovery, which contains eleven north-trending gold
bearing reefs with a total reported resource of 730,000 ounces of gold at a
grade of 6.3 g/t.


During the geological mapping of the Kakumbi licence, Twigg's geologists
collected nine "grab" samples from old workings at three locations in the
south-eastern part of the Kakumbi licence: Mwagi Magi North, "Saidi's pits" and
Lagunga.


Mwagi Magi North is situated 3 km from the Nyakafura reefs and comprises
artisanal workings reported by local villagers to have been highly productive
before it was abandoned due to water ingress. The gold occurred in three quartz
veins hosted by weathered mafic rocks. "Saidi's pits", named after one of
Twigg's technicians who worked in the area ten years ago, lies 1.5km north of
Mwagi Magi. The abandoned workings are scattered across an area 250 x 100
metres. The gold occurs in recrystallised and fractured quartz veins and
stringers in intensely sheared granite near the granite greenstone contact. At
Lagunga, 5km north-east of Mwagi Magi, extensive abandoned workings cover an
area of 320 x 120 metres. Again, gold-bearing quartz veins occur in intensely
sheared granite, though here they lie entirely within the granite about 400
metres north of the greenstone contact.


Six of the nine samples assayed more than 1gram / tonne, as follows:

Sample Au g/t Location
RK1 15.25 Mwagi Magi North
RK3 9.50 Mwagi Magi North
RK4 1.71 Mwagi Magi North
RK5 17.75 Saidi's pits
RK7 1.27 Lugunga
RK8 4.8 Lugunga

It should be noted that these are "grab" samples and cannot be considered
representative of the mineralisation. However, the results demonstrate that
gold is present at three different locations within the licence. A programme of
trenching is now planned to establish the width and strike lengths of the
gold-bearing structures and to determine targets for drilling.


J.G. Park
Chairman, Twigg Minerals plc

PRESS CONTACTS:
John Park (Chairman) Twigg Tel [phone]
Mark Parker (Managing Director) Twigg Tel [phone]
Jonathan Willis-Richards Loeb Aron & Co Ltd Tel [phone]

This announcement has been prepared by and is the sole responsibility of the
Directors of Twigg Minerals Plc. Loeb Aron, which is regulated by the Financial
Services Authority, has approved this announcement for release. Loeb Aron is
acting as corporate adviser to Twigg Minerals Plc and to no-one else and will
not be responsible to anyone other than Twigg Minerals Plc for providing the
protections afforded to customers of Loeb Aron or for providing advice in
relation to any investment made pursuant to this announcement.

[sharestriker] 11/2/2002 13:03

CTB

"As you know TWI have written to their shareholders about a pre-AIM placing
at 6p....like many I'm taking a very close look !"

As a shareholder I have not received this informaton
When was it sent please.

Paul

[citytraderboy] 10/2/2002 00:36

Ashley,

You don't even know me or who I am, so how the hell can you
judge me ??!!

Actually, I'm a tough, but fair and reasonable businessman/professional
investor who's made a lot of money !

As you know TWI have written to their shareholders about a pre-AIM placing
at 6p....like many I'm taking a very close look !

Time will tell, but JP's a winner....remember SAMAX ??!!

CTB.

[mr ashley james] 06/2/2002 01:21

CTB,

I know you are a good friend of John Park's but after CMR/HEV this is highly unlikely to get touched by investors.

Shame, but true, IMHO UK Mining investors are no longer interested in Jam tomorrow, least of all on Tanzania, or indeed even any Black African Mining Plays after Anglo American pulling out of Zambia losing US$350m to get the hell out, or in the lead up to anarchic Zimbabwe elections.

Africa, JP's home mining territory is in a seriously long term down trend, many trying to get cash, and physically out of SA, but the party I think is over.

Good luck, but I think you like people too much, and ignore the Macro changes in the world too often.

Good luck with TWI dumped all shares six months ago

Best regards

Ashley

[citytraderboy] 05/2/2002 23:29

Duc,

No problem !

Cheers,

CTB.

[ducatiman] 05/2/2002 23:15

Apologies, should have read the full post. Thanks CityTraderBoy. regards, duc.

[citytraderboy] 05/2/2002 23:09

Yes, see above !



Corporate update

The Board has agreed in principle to move Twigg's share listing onto AIM, the Alternative Investment Market of the London Stock Exchange, to take advantage of AIM's generally larger investor base, greater liquidities and better access to institutional investors. There has been a good level of interest from institutional and other investors ahead of this proposed move. The move to AIM is expected to take place during the coming months.

The current depressed market for exploration companies, though it makes financing of exploration difficult, does provide many opportunities for active companies like Twigg to acquire good new projects, either by merger or acquisition, or through creative alliances with other exploration companies. Twigg's board is currently investigating a number of possibilities and we hope to make progress in this respect before the move to AIM.

[citytraderboy] 05/2/2002 23:09

Yes, see above !



Corporate update

The Board has agreed in principle to move Twigg's share listing onto AIM, the Alternative Investment Market of the London Stock Exchange, to take advantage of AIM's generally larger investor base, greater liquidities and better access to institutional investors. There has been a good level of interest from institutional and other investors ahead of this proposed move. The move to AIM is expected to take place during the coming months.

The current depressed market for exploration companies, though it makes financing of exploration difficult, does provide many opportunities for active companies like Twigg to acquire good new projects, either by merger or acquisition, or through creative alliances with other exploration companies. Twigg's board is currently investigating a number of possibilities and we hope to make progress in this respect before the move to AIM.

[ducatiman] 05/2/2002 23:04

Almost forgot I had some of these tucked away. Must go to the ofex site to see how low they are now. Any news aim listing? edit. oops 7.5p.