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AGD Anglogold Ash

875.00
0.00 (0.00%)
26 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglogold Ash LSE:AGD London Ordinary Share ZAE000043485 ZAR0.25
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 875.00 0.00 00:00:00
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 0 875.00 GBX

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Anglogold Ash Forums and Chat

Date Time Title Posts
14/11/200318:33Ariane Gold: French Guiana Miner73
16/9/200217:56Ariane Gold: new canadian IPO, French Guiana-

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Posted at 26/9/2003 16:44 by energyi
McB.
I have alot of shares here,
so this will at least bring some liquidity.

I do hope someone else jumps in and bids.
I think this price is too cheap!
Posted at 26/9/2003 16:15 by energyi
HOW ABOUT THAT, Folks!

I have been comparing AGD with CBJ for a long time.
They seemed the most likely buyers./
Let's hope someone else jumps into the fray!


Ariane Gold shareholders will receive one Cambior share for each 2.91 Ariane shares. The exchange ratio implies a price of $1.32 for each Ariane Gold share, based on the closing price of the companies' shares on the Toronto Stock Exchange on Sept. 25, 2003

Let's see:

CBJ.t /2.91=
$3.53 /2.91= C$1.213
Posted at 26/9/2003 16:13 by energyi
Cambior, Ariane Gold agree to merge

2003-09-26 09:16 ET - News Release ... Mr. Robert LaValliere reports

CAMBIOR INC. AND ARIANE GOLD CORP. TO MERGE TO DEVELOP THE CAMP CAIMAN GOLD PROJECT

The respective boards of directors of Cambior and Ariane Gold have unanimously approved a proposed combination of the two companies. The merger will bring Cambior's development and operating expertise to Ariane's Camp Caiman gold project, located in French Guiana, South America.

Business terms

Under the agreement, Ariane Gold shareholders will receive one Cambior share for each 2.91 Ariane shares. The exchange ratio implies a price of $1.32 for each Ariane Gold share, based on the closing price of the companies' shares on the Toronto Stock Exchange on Sept. 25, 2003. Upon the successful completion of the transaction, Cambior will issue approximately 16.3 million common shares to the Ariane Gold shareholders. The agreement provides for a break-up fee of $2.2-million in the event that Ariane Gold terminates the transaction to accept a competing offer.

The merger transaction is subject to the satisfactory negotiation and conclusion of a formal merger agreement which shall include customary provisions and shall provide that:

(a) regulatory approval including consent from the relevant authorities of France, shall have been obtained prior to closing; and

(b) Cambior shall have completed its due diligence review prior to closing.

Subject to the approval of two thirds of Ariane Gold shareholders, this merger transaction is scheduled to close during the fourth quarter of 2003.
Posted at 18/9/2003 16:06 by energyi
INTERESTING ACTION...

Canaccord as aggressive Buyer up to $1.00,
and then suddenly turning seller for smaller volume.
Are they trying to keep the price down?

Recent Trades - Last 10
Time Ex Price Change Volume Buyer Seller Markers
10:45:18 T 0.98 -0.00 2,000 27 Dundee 33 Canaccord K
10:45:09 T 0.98 -0.00 3,000 27 Dundee 33 Canaccord K
10:44:39 T 1.00 +0.02 500 33 Canaccord 27 Dundee K
10:44:26 T 1.00 +0.02 222 27 Dundee 19 Desjardins E
10:44:26 T 1.00 +0.02 9,500 33 Canaccord 73 Sprott K
10:44:26 T 1.00 +0.02 25,000 33 Canaccord 80 National Bank K
10:44:26 T 1.00 +0.02 15,000 33 Canaccord 9 BMO Nesbitt K
10:40:22 T 1.00 +0.02 25,000 33 Canaccord 73 Sprott K
10:40:22 T 1.00 +0.02 5,000 33 Canaccord 27 Dundee K
10:39:48 T 1.00 +0.02 5,000 1 Anonymous 9 BMO Nesbitt K
Posted at 05/9/2003 18:03 by energyi
HAPPY DAYS!
Ariane trading North of $1.00! : $1.03 +0.08


11.0 1.01 · 1.05 26.5 1.03 +0.08 8.4 100.6 102

Time Ex Price Change Volume Buyer Seller Markers
13:24:35 T 1.03 +0.08 44,000 33 Canaccord 33 Canaccord K
13:23:50 T 1.03 +0.08 6,000 62 Haywood 33 Canaccord K
13:21:26 T 1.01 +0.06 10,000 27 Dundee 27 Dundee K
13:11:24 T 1.00 +0.05 43 27 Dundee 33 Canaccord E
12:47:43 T 1.00 +0.05 5,000 80 National Bank 27 Dundee K
12:47:15 T 1.00 +0.05 100 27 Dundee 27 Dundee E
12:47:15 T 1.00 +0.05 100 27 Dundee 19 Desjardins E
12:47:15 T 1.00 +0.05 5,000 80 National Bank 80 National Bank K
12:47:15 T 1.00 +0.05 5,000 80 National Bank 27 Dundee K
12:47:15 T 1.00 +0.05 2,000 80 National Bank 131 Penson Financial K
Posted at 27/8/2003 21:05 by energyi
GOLD is rising in relation to ALL CURRENCIES.

Today's breakout on Gold stocks showed GOOD VOLUME, esp. AGD
Posted at 27/8/2003 20:42 by energyi
$12 Million in Cash ... at mid-year

Ariane Gold Corp. Announces its Second Quarter 2003 Financial Results
8/25/03

MONTREAL, QUEBEC, Aug 25, 2003 (CCNMatthews via COMTEX) --
Comments on Financial Results

For the second quarter ended June 30, 2003, Ariane Gold Corp. (the 'Company'or 'Ariane') showed net earnings of $495,900 or $0.01 per common share compared to a loss of $326,500 or $0.19 per share in the corresponding quarter of 2002. As of June 30, 2003, the Company has 44,032,611 common shares outstanding as compared to 1,950,548 at the end of the second quarter of 2002.

For the year-to-date, the Company earned $1,265,200 or $0.03 per share compared to a loss of $346,100 for the same period in 2002.

For the second quarter of 2003, interest income amounted to $100,900 compared to $27,500 in 2002 given the average cash equivalent available to the Company in 2003. Interest income amounted to $206,400 for the year to date compared to $27,500 for the same period in 2002. There were no services activities in French Guiana in 2003 and none are expected to occur in the future.

For the second quarter of 2003, the Company incurred administrative expenses of $707,700 compared to $79,700 in 2002, while business development expenses for the identification of new projects and sources of financing amounted to $96,600 in the same period in 2003 compared to $322,600 in the previous year. For the year to date, administrative expenses amounted to $1,043,500 compared to $110,100 the year before, and business development expenses to 241,900 compared to $322,600 for the previous year, reflecting the new focus of the Company. Prior to March 31, 2002, the Company's activities were limited to local management of projects in French Guiana.

Interest amounted to $120,000 for the quarter and $249,600 for the year to date in 2003 and included respectively $95,000 and $224,600 as interest on balance of purchase price for Asarco French Guyana reflecting the amortization of the discount on its present value for those periods.

Given the current volatility of the Canadian dollar, the Company shows a gain of $1,321,700 during the quarter and $2,598,700 for the year to date, mainly due to the fact that fixed assets and exploration projects are denominated in euros and the balance of purchase price in US dollars.

Earnings for the quarter and the year to date occurred in French Guiana where the Company's wholly owned affiliate benefits from an income tax exemption plan for a term of 10 years. The Company should be tax exempted until 2006 provided it meets the commitments made to the French Tax Administration.

Consolidated Cash Flows

After making adjustments primarily in respect of non-cash interest expenses and gain on foreign exchange, cash used in operations totalled $850,100 in the second quarter of 2003 compared to $196,900 used in 2002, and $1,307,800 for the year to date compared to $215,900 for the same period in 2002. After changes in working capital items, cash flows used in operating activities amounted to $1,090,700 in the second quarter of 2003 compared to a source of $497,400 in 2002. For the year to date, cash flows used in operating activities amounted to $1,357,300 compared to a source of $595,700 in 2002.

In the second quarter of 2003, property and exploration projects required cash investments of $1,686,600, compared to $289,800 for the same period in 2002. For the year to date, this activity required $4,042,300 compared to $404,000 in 2002.

Exploration activities in 2003 occurred mainly on the Camp Caiman project and consisted mostly in drilling activities.

Cash held in escrow as of June 30, 2002 amounted to $22,049,400, which escrow was lifted on August 19, 2002.

Balance Sheets

At June 30, 2003, the Company's assets stood at $44,690,500 compared to $46,089,500 on December 31, 2002, including $11,992,400 in cash and cash equivalents and $32,041,200 for exploration projects, compared to $17,322,000 and $28,203,900 respectively at the end of 2002.

At June 30, 2003, current liabilities stood at $4,982,100 compared to $5,724,600 at the end of 2002. The long term portion of the balance of purchase price in relation with the acquisition of Camp Caiman in 2002 and Changement in previous years amounted to $13,085,500 compared to $15,007,100 at the end of 2002. The short-term portion, amounting to $4,049,500 compared to $4,650,400 at the end of 2002, is included in the current liabilities.

Outlook

On August 21, 2003, Ariane Gold Corp. announced that it has received a positive Preliminary Assessment for its Camp Caiman Gold Project, located in French Guiana. The independent assessment was conducted by CSMA Consultants of Cornwall, UK in collaboration with Bateman Minerals of Perth, Australia, and covered all aspects of the geology, mining and processing of a 1.4 million tonne per year gold operation. The August 21 press release and the Preliminary Assessment are available on the Sedar website (www.sedar.com) and on the Company's website at (www.arianegold.com).

The Preliminary Assessment also highlights a number of potential improvements to the project that could accrue. Ariane believes that the study represents a base case for Camp Caiman at this price of gold, and that substantial improvements and cost savings could be realized during further studies.

...MORE:
Posted at 25/8/2003 15:45 by energyi
CANACCORD MAINTAINS C$1.50 TARGET

ARIANE GOLD (AGD : TSX : C$0.95) - BUY - 12-MONTH TARGET PRICE: C$1.50
Brian Christie
Comment: Ariane Gold provides Camp Caiman update
Ariane Gold has received a positive Preliminary Assessment for its
100%-owned Camp Caiman project in French Guyana. The independent study,
which was conducted by CSMA Consultants of Cornwall, UK in collaboration
with Bateman Minerals of Perth, Australia, looked at all aspects of the
project including: geology, mining and processing. The study also
identified several areas that could potentially be improved to enhance the
project economics. Ariane believes that this study represents a base case
for the Camp Caiman deposit, and the company now plans to move towards full
feasibility. Based on the Preliminary Assessment report, we can generate a
project NPV which is in line with our C$1.50 target price. As such we are
maintaining our BUY recommendation on the stock.
Posted at 28/7/2003 15:03 by geologic
Today:
AGD: 20.0 = 0.70 · 0.74 = 5.0 0.74 +0.04 5.7 55.2 39

I want to see it Bid at $0.75, and trading above there.
Only 5,000 shares left on the Offer at 0.74!

Time.. Ex Price Change Volume Buyer Seller Markers
10:41:14 T 0.70 +0.04. 0,100 27 Dundee 33 Canaccord E
10:16:40 T 0.74 +0.04. 5,000 02 RBC--- 2 RBC K
10:16:28 T 0.71 +0.01 10,000 02 RBC--- 7 TD Sec K
10:16:28 T 0.71 +0.01. 5,000 02 RBC--- 33 Canaccord K
09:59:17 T 0.70 -0.00 20,000 62 Haywood 89 Raymond James K
Posted at 20/9/2002 18:34 by energyi
The Unofficial ARIANE Chatboard ... :
Bid from Cambior:
Each 2.91AGD= CBJ, so CBJ /2.91= example: $3.50/2.91=$1.20 $4.00:$1.37 $3.00:$1.03

Alternative CBJ Chart


Chart Family: Monthly.... /........ Weekly ........ / ........ Daily .........


.DAILY. Chart


Compare AGD with Cambior (brown line) and HUI Index:


IPO at: C$0.70 per share- potential 3-4 bagger. Started trading: 16 Sept. 2002
Just over 44 Million shares outstanding.
---------
Camp Caiman
The Camp Caiman project is an advanced stage exploration and development project, with current identified indicated resources of 822,868 ounces Au with a further inferred resource of 1,047,079 ounces Au. The project is located in eastern French Guiana, 60 km from the capital city Cayenne, and is accessible by paved road.

AGF completed over 39,000 metres of diamond drilling and 20,000 metres of RC drilling at Camp Caiman. To date, some US$ 14 million has been spent on exploration. Geostat International from Montreal was retained to independently calculate resources for Camp Caiman.

---------
GOLD from the Camp Caiman Project: Potential Economics
- Oxide only: Caiman: 830,000 oz (2.7 g/t)
. ........... Other : 270,000 oz (4.0 g/t)
- Capital cost. : US $35 million
- Operating cost: US$165-175/oz. (incl. Pons payments)
- Production: 115,000 oz./year @ 4,000 tpd
- NPV: 5.0% : US$ 64 million, incl. acquisition cost
:- . : 7.5% : US$ 50 million
:- . : 10 % : US$ 38 million

Camp Caiman - Resources
Cut-off:... Indicated Resorces Inferred Resources
........... Tonnes Grade Gold. Tonnes Grade Gold.
........... ...... ..... 000's ...... ..... 000's
(1.0 g/t).. ...... ..... oz.s. ...... ..... oz.s.
Saprolite... 3,040. 3.13 306.2. 4,793. 2.08 320.5
Rock........ 4,368. 3.53 496.3. 7,838. 2.59 652.1
Total....... 7,408. 3.37 802.5 12,631. 2.40 972.6
- - -
Ariane Structure Post Financing
:- Shares outstanding: 44.03 Million
:- Cash Held......: C$ 25.5 Million
:- Capital Cost...: C$ 35 Million??? to build mine, finance $10mn?
- - -
If Mkt.Cap goes to US$70 per oz./C$100, then: C$100mn Mkt.Cap.
= about 2.7 times the "current" C$37 million Mkt.Cap at C$0.84/ share

---------
Dundee Precious Metals Inc. (DPM.A, DPM.WT.A - TSX) ("Dundee Precious") ..holds an aggregate of 470,802 special warrants of Ariane Gold Corp. ("Ariane"), convertible into 470,802 common shares of Ariane, and 4,708,020 rights to purchase 4,708,020 common shares of Ariane at a price of $0.70 per share until August 29, 2002. These holdings represent a 10.7% interest in Ariane, assuming the exercise of all of the rights.
---------
Ratio: AGD/MAE ... Prices in C$
Week. .AGD. .MAE. Ratio ..HUI. Ratio
29.11 $0.68 $1.15 0.591 115.93 0.587
22.11 $---- $---- ----- 116.47 -----
15.11 $0.65 $1.26 0.516 122.90 0.529
08.11 $0.63 $1.23 0.512 121.74 0.517
01.11 $0.63 $1.19 0.529 115.53 0.545
25.10 $0.65 $1.10 0.591 108.84 0.597
18.10 $0.55 $1.25 0.440 113.89 0.482
11.10 $0.58 $1.30 0.446 112.68 0.515
04.10 $0.72 $1.47 0.490 119.43 0.603
27.09 $0.75 $1.56 0.481 125.34 0.598
20.09 $0.84 $1.57 0.535 131.82 0.637
16.09 $0.77 $1.41 0.546 135.00 0.570

RATIO Chart: AGD.to/Miramar (MNG: US quote):


---------

---------
Montagnes Tortue and Maripa, French Guiana

The Montagnes Tortue and Maripa properties are located in the north-eastern part of French Guiana, an overseas territory of France, less than 100 kilometres from Cayenne, the capital city.

In early 1999, the Company entered into an agreement in principle with Cambior Inc., to acquire 50% of Cambior's interest in the Montagnes Tortue and Maripa properties located in French Guiana, in consideration for the Company's 15% interest in the Yaou and Dorlin properties also located in French Guiana and the incurring of exploration and development expenditures totalling US $1.5 million on the acquired properties over a two-year period.

A 913-metre mechanical trenching program was carried out in Zones 2 and 4 of the Montagnes Tortue property in 1999. This was followed by a 350-metre (6 hole) diamond drilling program in Zone 4. Results from the trenching program suggest the presence of a possibly continuous 2.1-kilometre mineralized zone.

At the Maripa property in 1999,a 756-metre (11 hole) drilling program was carried out on the GU 17 T Zone. Results obtained from the North Area (6 holes) averaged up to 2.31 g Au/t over a drilled width of 21.5 metres (using a 0.5 g Au/t cutoff).

In February 2001, Hope Bay Gold consolidated and increased its land position in French Guiana through the acquisition of CBJ-France S.A.R.L., which owns the Montagnes Tortue exploration permit and is party to an agreement allowing it to acquire a 75% interest in several exploration permits, including the Maripa property. In exchange, the Company ceded its Abitibi (Northwestern Québec) property assets to Cambior Inc. This transaction gives Hope Bay Gold increased control over the Montagnes Tortue and Maripa properties as well as additional interests in the vicinity, adding up to control of a gold belt of over 40 kilometres of strike length. The Company is applying the same business and exploration strategy as at Hope Bay, and is very optimistic about the mineral potential of this easily accessible area of French Guiana

---------
LINKS:
Ariane Gold Site (under construction):
Interview: J.Crombie:
Long Form Prospectus:
Historical AGD price data:
- - -
Stockhouse BB's:
AGD:
MAE:
Map of French Guiana:
Guiana Fact Briefing:
Hope Bay Gold website:
Tortue from HBG site:
Mineral Industry in French Guiana:
Nvest Messages on Ariane:
Google Search:
Infomine Page:
Miramar BB on Stockhouse:
Miramar BB on Silicon Investor:
Anglogold Ash share price data is direct from the London Stock Exchange

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