Aquatic Food Share Discussion Threads

[tyranosaurus] 10/10/2005 08:32

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[bitterlemontart] 10/10/2005 08:09

Results from sampling

RNS Number:3934S
Persian Gold PLC
10 October 2005


Positive Gold Results from Sampling at Twin Hills in Iran

Persian Gold plc (AIM: PNG), which is exploring for gold in Northwestern Iran,
announces an update on the second phase of geochemical sampling at the Twin
Hills prospect located within one of the Company's eight exploration licences
near Takestan in Northwestern Iran.

Twin Hills is located within a very large alunite alteration zone which was
identified as gold bearing from the first phase of sampling in early 2005. Over
100 targeted additional geochemical samples were taken which have confirmed and
enlarged the gold zone. The bulk of the samples contained gold values.

Eighteen samples, located over an area of one square kilometre, have returned
values of between 100 to 800 ppb* which is highly anomalous in quartz-alunite
systems. Some of the world's largest gold mines of this type extract gold ores
down to a cutoff grade of 300 ppb.

A high degree of silicification and brecciation has been identified at the Twin
Hills prospect which are very favourable geologic features. The alteration and
gold mineralization discovered to date are aligned along a northeast trending
interpreted structural corridor which defines the prospect.

Trenching of the anomalous zones at Twin Hills will follow shortly to define the
gold zones and to identify specific drill targets.

John Teeling, Chairman, said

"We have the smoke, we need to find the fire. These are very encouraging
results. Gold associated with alunite has a very specific signature. We have a
team of experts evaluating results to date to best decide where to trench. Some
of the team are travelling to Iran to supervise work in the field. We expect to
have drill targets within months."

* parts per billion


For further information please contact:

Persian Gold PLC
John Teeling, Chairman + 353 1 833 2833
Jack Teeling, Director + 353 1 833 2833

Rowan Dartington
Ian Rice + 44 117 933 0020

Bell Pottinger Corporate & Financial
Nick Lambert + 44 20 7861 3232 / [phone]



This information is provided by RNS
The company news service from the London Stock Exchange

[bitterlemontart] 10/10/2005 08:08

Results from sampling

RNS Number:3934S
Persian Gold PLC
10 October 2005


Positive Gold Results from Sampling at Twin Hills in Iran

Persian Gold plc (AIM: PNG), which is exploring for gold in Northwestern Iran,
announces an update on the second phase of geochemical sampling at the Twin
Hills prospect located within one of the Company's eight exploration licences
near Takestan in Northwestern Iran.

Twin Hills is located within a very large alunite alteration zone which was
identified as gold bearing from the first phase of sampling in early 2005. Over
100 targeted additional geochemical samples were taken which have confirmed and
enlarged the gold zone. The bulk of the samples contained gold values.

Eighteen samples, located over an area of one square kilometre, have returned
values of between 100 to 800 ppb* which is highly anomalous in quartz-alunite
systems. Some of the world's largest gold mines of this type extract gold ores
down to a cutoff grade of 300 ppb.

A high degree of silicification and brecciation has been identified at the Twin
Hills prospect which are very favourable geologic features. The alteration and
gold mineralization discovered to date are aligned along a northeast trending
interpreted structural corridor which defines the prospect.

Trenching of the anomalous zones at Twin Hills will follow shortly to define the
gold zones and to identify specific drill targets.

John Teeling, Chairman, said

"We have the smoke, we need to find the fire. These are very encouraging
results. Gold associated with alunite has a very specific signature. We have a
team of experts evaluating results to date to best decide where to trench. Some
of the team are travelling to Iran to supervise work in the field. We expect to
have drill targets within months."

* parts per billion


For further information please contact:

Persian Gold PLC
John Teeling, Chairman + 353 1 833 2833
Jack Teeling, Director + 353 1 833 2833

Rowan Dartington
Ian Rice + 44 117 933 0020

Bell Pottinger Corporate & Financial
Nick Lambert + 44 20 7861 3232 / [phone]



This information is provided by RNS
The company news service from the London Stock Exchange

[bitterlemontart] 10/10/2005 08:07

Results from sampling

RNS Number:3934S
Persian Gold PLC
10 October 2005


Positive Gold Results from Sampling at Twin Hills in Iran

Persian Gold plc (AIM: PNG), which is exploring for gold in Northwestern Iran,
announces an update on the second phase of geochemical sampling at the Twin
Hills prospect located within one of the Company's eight exploration licences
near Takestan in Northwestern Iran.

Twin Hills is located within a very large alunite alteration zone which was
identified as gold bearing from the first phase of sampling in early 2005. Over
100 targeted additional geochemical samples were taken which have confirmed and
enlarged the gold zone. The bulk of the samples contained gold values.

Eighteen samples, located over an area of one square kilometre, have returned
values of between 100 to 800 ppb* which is highly anomalous in quartz-alunite
systems. Some of the world's largest gold mines of this type extract gold ores
down to a cutoff grade of 300 ppb.

A high degree of silicification and brecciation has been identified at the Twin
Hills prospect which are very favourable geologic features. The alteration and
gold mineralization discovered to date are aligned along a northeast trending
interpreted structural corridor which defines the prospect.

Trenching of the anomalous zones at Twin Hills will follow shortly to define the
gold zones and to identify specific drill targets.

John Teeling, Chairman, said

"We have the smoke, we need to find the fire. These are very encouraging
results. Gold associated with alunite has a very specific signature. We have a
team of experts evaluating results to date to best decide where to trench. Some
of the team are travelling to Iran to supervise work in the field. We expect to
have drill targets within months."

* parts per billion


For further information please contact:

Persian Gold PLC
John Teeling, Chairman + 353 1 833 2833
Jack Teeling, Director + 353 1 833 2833

Rowan Dartington
Ian Rice + 44 117 933 0020

Bell Pottinger Corporate & Financial
Nick Lambert + 44 20 7861 3232 / [phone]



This information is provided by RNS
The company news service from the London Stock Exchange

[wstirrup] 09/10/2005 23:46

Of course $74 gold will help too..:¬))

W.

[wstirrup] 09/10/2005 14:01

Sounds like the bulk of opinion on the BB is YES... (i.e. FOR the takeover)

I guess we have to see what the institutions (already in) will have to say, as with several million pounds invested, they will be watching results like a hawk.

Maybe they were consulted too about the proposed R.T. (They may even have stipulated that J.T. should resign to give their support...

Either way, I'm curious to know the answer.

W.

[dutch dexter] 07/10/2005 18:47

I'd have to say yes as well. I think Mwana is better able to acquire the necessary funding. Also, the producing assets generate some cashflow. Mwana will have less trouble bringing the gold assets into production. AIMHO.

[hands_solo] 07/10/2005 13:25

YES! Kalaa Mpinga is very well known and very well connected in southern africa

[wstirrup] 07/10/2005 09:54

We also musn't forget the Nickel mines too...

The 5yr price on Nickel has risen from $2.00 a lb, to $6.00-$8.00 a lb... The price seems to be oscillating in a slightly upwards trend line,(upward pennant) and as the price approaches $6.00, I guess that would be a good buying price. (No advice intended)

If Mwana can keep producing/refining 10,000-11,000 tonnes a year that will produce 10,500tonnes of minerals x 2200lbs x $6.00, and THAT gives us a lot of revenue to help fund the expansion programmes currently underway.

It then comes down to management, and at whether they have the capability to manage as many mines as they have on the go. (Perhaps a sell-off after some initial independent verification of the resources they hold, on one or two might be in order to raise capital to fund the operations. Or they may have to raise finance via another placing, or rights issue. (I suspect the former rather than the latter)

BUT, we have as good a chance now as we could possibly have to be a medium sized producer by this time next year, and that will have a VERY positive effect on the price..:¬))

W.

[wstirrup] 07/10/2005 08:47

Hey some reasoned debate...I love it...:¬))

Gull..I think you may notice from the header, I suggest we might actually see $550...

WHY? Well..the hurricane's Rita, and Katrina, have caused the U.S. a certain amount of consternation. They are also causing some thought on global energy stocks, and at the HUMUNGOUS costs of restoring the battered Southern U.S. oil fields, levvees, roads, bridges, houses, power lines, back-up systems, etc etc etc.

THAT will have a detrimental affect on the dollar when the government figures come out, and we may see a fall off in the value of the dollar. That will drive both the resource prices higher, and GOLD in particular.

The Saudis,Iraqi's, Iranians, Mexicans, Venezuelans, Russians are raking in hundreds of millions of dollars at the moment due to the oil price, and eventually SOME of those dollars will start feeding into other currencies as central governments start to diversify their currency reserves.

The Euro, in my opinion will get some of it, but GOLD will increasingly get the bulk.

WHY Gold? Because with inflation starting to take hold, NO government can simply print more of it, and devalue it, and with increasing demand, the price will remain stubbornly high.

The best is yet to come in Gold...

:¬))

W.

[dutch dexter] 06/10/2005 21:00

Not sure you have missed the boat The Gull. The gold price may have increased, but many gold stocks haven't done very well this year. Wish i had money to invest, cause there are still plenty of good stocks around.

If you're feeling lucky you might want to have a look at Crystallex (TSX:KRY). I noticed it last friday or so. It had dropped like a stone some days before because of some comments by Chavez. Since he's a kind of Boogey man to the North Americans, i reckoned they might have overreacted. There is a risk, but the upside potential is very attractive. No advice intended, just pointing out that there are always opportunities to be found. And, as always, DYOR.

[the gull] 06/10/2005 20:16

WStirrup

Last year you called gold $450 for Dec 04, you got that right.

This year you called gold $500 for Dec 05, looks like you may be right again.

AFG share price not changed, I have missed the boat with gold but I may be able to make it up here as the likely hood of them developing mines now is more probable than it has been in the past.

I have to think that the possibility of financial backing is also better as this is now an african/western business & western countries have hinted at helping out African business.

[dutch dexter] 06/10/2005 19:48

Gold and silver are powering ahead again. EUR-USD has gone from 1.19xx to 1.2200 in one trading day (and not done yet). Inflation fears abound. This is not good for the economy, but it is good for any mining company with good gold assets.

[bennie buffett] 06/10/2005 14:15

Maybe because of disagreed the placing at a low price or the consoladation which has proven to be difficult for small shareholders or maybe he has his hands full with all his other companies

[plunge] 06/10/2005 12:55

YES

One thing that has been intriguing me is why did JT resign on 29 September whilst the other directors will only do so on completion of the reorganisation?

Any views?

[1inamilion] 06/10/2005 11:16

Can we have "I don't know". Cos that's me. if the new placing is completed at 50p then i suppose it's ok cos the shares will be worth what they are at the moment. i'm already losing 50% and don't want to lose anymore. However, if the shares are placed lower then that would be a "NO".

[wstirrup] 06/10/2005 10:10

I guess all the focus is over on the new thread, and a wait and see approach.

I'd be interested to know the opinion of holders, and to take a straw poll to see the weight of argument either in favour or against the proposed new company structure..

Just a simple YES (i.e In favour)

or NO (not in favour) will do...

Over to you guys...

W.

[wstirrup] 06/10/2005 10:03

Barred..I said silver LINING... not silver MINING..:¬))

W.

[barred] 06/10/2005 08:25

.....and I always thought it was gold we were after..........Duhhh!

[wstirrup] 05/10/2005 19:37

Well looks like we're flat-lining...

No doubt everyone will either sell or buy based on the 1 for 10 consolidation price, and the mid will hover around 5p until then.

Latest news is that Silver lining is around the corner...

W.

[wstirrup] 05/10/2005 15:11

Thanks but I just read that over on the KMR thread...

Any market operates in cycles. Those cycles are broadly based on human cycles...Births, marriages, deaths etc etc...

Over here in the West we had a major birth surge late 1940s/through to the early 1960's as a result of the ending of hosilities, and the Bretton Woods agreement, which guaranteed stability. 20years later we had the pop-music boom. 30years later(10 years after the 60's) we had a spike in the commodities index as those births became young adults vying for homes, cars, paint, etc. etc.

Asia missed out on that boom for some reason with the exception of Japan, and a few satellite nations who traded with her. I suspect they hadn't quite come to terms with capitalism, so they went through various other economic models and their own little wars (Korea/Vietnam/Cambodia/Laos).

Now the major populations of India, and China are improving their wealth, and with that will come a rise in Births, that will fuel demand for certain products. India has over 25% of its 1.1billion population under 25...

And with the increasing suburbanisation will come the demand for western standards of health, hygiene, pharmaceutical use, OIL etc etc.

The Indians in particular, place great value on GOLD as a source of wealth particularly for dowries, and for ostentatious displays of wealth. (The Indians are more class conscious than the Brits with their "Caste" system.)

NO DOUBT in my mind, world demand for resources is going through the roof, and the demand for Gold will rocket...

W.

[the gull] 05/10/2005 14:20

InAfrica - 5 Oct'05 - 09:14 - 18724 of 18736


Mining stocks are very weak today after a stonking run over the past month.

My own view is that commodity prices are above what can be justified by economic activity and that there could be some sharp sell off once hedge funds have closed their books for the quarter. Any further increases for the FEd whcih would increase the cost of funding speculative positions would also not help.

Can't see KMR retreating to below 35p and expect upward trend to be maintined but perhaps at a noticeably slower rate for the next 6 months




CHAMBEAJ - 5 Oct'05 - 09:18 - 18725 of 18736


The last two weeks in particular do leave one feeling as though the markets are primed for a major sell off.

erbullion - 5 Oct'05 - 09:19 - 18726 of 18736


35p maybe 33p is possable

powerbooks - 5 Oct'05 - 09:28 - 18727 of 18736


Just about every magazine I read says that we are in a commodity bull run (driven by India/China etc) which could last 10,15 years etc.

Take a look at:



johnspain - 5 Oct'05 - 09:46 - 18728 of 18736


never thought I'd be pleased to see a share go down : )

just so I can add you understand.

John.

InAfrica - 5 Oct'05 - 09:49 - 18729 of 18736


Warehouse stocks are at high levels.

Moreover commodity boom is not across the board. Copper is at all time highs but steel has fallen back noticeably as has Nickel. Copper market in particular is driven by hedge funds who may be tempted to lock in profits.

If every magazine is forecasting a boom , maybe the time to expect a correction

I remember when all magazine articles were :

. Why Japan will rule the world ( late 80s ) just before the Nikkei slump

. The Dow at 30,000, 50,000, 100,000 just before the tech boom crash

I remain a strong supporter of this share but think some cynacism is needed about blue sky forecasts.

Maybe the commodity cycle has moved to a higher level but the so-called super cycle is still "not proven"

powerbooks - 5 Oct'05 - 09:56 - 18730 of 18736


InAfrica, thanks for the info. I certainly see a correction due in commodities but see the bull run as intact.

InAfrica - 5 Oct'05 - 10:01 - 18731 of 18736


PB we agree. I find the FT on-line commodity site ( FT Markets/Commodities ) a useful source.

Certainly,I do not see commodity prices falling back to levels of a couple of years ago.

I will also look to add to my holding

bpoole - 5 Oct'05 - 10:34 - 18732 of 18736


On CNBC this morning. 'Funds are switching out of energy and commodity stocks.'

[wstirrup] 05/10/2005 14:16

And WHAT are they saying on the KMR thread?