Archipelago Resources Share Discussion Threads

[djy007] 04/4/2012 22:29

Slight tangent, does anybody have any recent news/knowledge re the Archipelago Metals spin-off? Thx in advance.

[silverfern] 04/4/2012 18:07

I can only let you guess my mood when two years of steady buying went up in smoke at 56p. Of course I held but this should be high 70s /80s now. THere is talk in Indonesia about taxation on exports but the aim is to reel in short-termism; AR are there for the longer term

[yorgi] 04/4/2012 15:18

They are a devious lot that's for sure.

[yorgi] 04/4/2012 15:15

There you are Silverfern.....back up again. It looks to me like MM's games someone wanted to buy some cheaper than todays "offer" earlier by the look of the trades.....a series of 10k trades

[yorgi] 04/4/2012 14:24

I'm taking it as end of year selling, just wish I had some beans to buy some at the moment :-)

[silverfern] 04/4/2012 12:53

for f' sake....specualtive talk in Indonesia about a coal tax which might impact base minerals. AS before, the talk is talk and most are sceptical this could amount to muych. but dyor

[lucky_punter] 04/4/2012 11:54

Just twelve months after it poured its first gold in Indonesia, Archipelago Resources (LON:AR.) is already scouting around for new prospects in the area.

[silverfern] 03/4/2012 16:47

well at least we had some volume todayOn the webcast, ME said at the outset that it was a full room and there was a pause while a late arrival found a seat. WHere did these people go after the meeting I wonder¬! When you consider the problems Shanta, MEdusa and Centamin have , you'd think this would be a safe haven - it does what it says on the tin!

[yorgi] 03/4/2012 10:43

Yes I agree it has been Ifc4ever and surprising.

The graphs does seem rather out of step odd.

[lfc4ever] 03/4/2012 10:38

rather disappointing drift in share price
not sure why it is still showing as 65 on the graphs in the header.

[silverfern] 29/3/2012 10:35

Seemingly well attended but the webcast cut off as ME asked for questions from the floor. A good deal of detail not much I can properly add that you won't find in the rpesentation on line except

: the objectives for 2012 - build on the resource and reserve increases, also look further afield and they have firm plans on this. THey are going to be very busy in this area over 2-3 yrs to fully understand the resource they've got; data from the 90s shows the prospective site could be very lucrative.

2012 - increase efficiency; crusher currently operating at 60%, plant was over engineered, so production upside well possible.
'Massive potential' for acquisition in the region, main focus is production though and expansion of production within the current site.
"Capability and appetite to grow the company"

[silverfern] 29/3/2012 10:13

I am listening to the briefing session now- will report back

[boadicea] 29/3/2012 10:07

Broker forecast earnings for current year is 7.95p, giving p/e 8.2, improving to 8.92p and 7.3 respectively in 2013.

Possible upside arises from further extension of mine life arising from revision of cut-off grade due to continuing high pog not to mention exploration potential.

Can someone confirm the implications of "life of mine ... 9 years (plus 7 years of stockpiles)"? Note "plus" not "including". Does the stockpile already exist or does it mean that the mining rate will exceeds the processing rate such that gold output will extend to a total of 16 years at current rate?

[silverfern] 29/3/2012 07:30

THe results are as expected which means the price is way too low. Let's see what the market makes of it all

[hellisreal] 20/3/2012 15:18

I have been adding as I see 'great upside' potential as well as a solid producing base right now,all for 65p

[nametrade] 20/3/2012 15:13

Silverfern, ok, Ive been here for a long time...30p the first time...down to 3p and now onwards and upwards to £1.20 for starters would be great. With a forward PE of approx 10 and an EPS of approx 16p we should have a lot to look forward to here in the future.
nt

[silverfern] 20/3/2012 14:35

I did wonder! I think 10 is fair as Dave says above, but that is down from last year's average so I was being cautious

[nametrade] 20/3/2012 11:40

Silverfern/davegk, thanks for your help.
Silverfern I wasnt being fascicious, just trying to ascertain a realistic figure.
Regards,
nt

[davegk] 20/3/2012 11:18

Kitco analysis has average small cap gold miners PE (2012E) = 10.8

[silverfern] 20/3/2012 10:33

yeah and so's any integar lower than ten.

[nametrade] 20/3/2012 09:08

silverfern, is a forward PE of 10 cautious?...is not 8 a better figure?
nt

[silverfern] 19/3/2012 17:00

£90m (ave) profit next year - 570 m shares = 16 p per share. Current price 65p = prospective p/e of 4. WHat does that tell you about the current share price? A cautious forward p/e of 10 would have this share at 160p.

[nametrade] 19/3/2012 10:32

What is a sensible PE for this company?
nt

[hellisreal] 19/3/2012 10:26

Taken from RNS

Archipelago will be reporting results for the year ended 31 December 2011 on Thursday 29 March 2012. (Which I expect to be very encouraging)

In 2012, Archipelago expects to produce between 135,000 and 145,000 gold equivalent ounces at a cash cost of between US$540 and US$590 per ounce.
(Cash cost is low against peers)