Archipelago Resources Share Discussion Threads

[davegk] 10/6/2011 10:20

Boadicea Sharescope news has "Full year 2011 AGM" Wed June 29.

[lfc4ever] 10/6/2011 08:43

and the price of gold

[lfc4ever] 10/6/2011 08:43

2p per week x 3 months (say 13 weeks) = 26p ie 40% increase, or annualised, 104/64= 160% increase: i think most people would consider that would be a pretty spectacular return!!

Still, CL's £1 target for the year is not unachievable, esp given the good eploro results.

[boadicea] 10/6/2011 07:43

yorgi - This is not the gold season and Summer doldrums are upon us.
AR. is behaving very much better than many others gold explorers/early stage miners because of recent news which should continue to support it imho.
I agree trading is very thin but the creepage is gradually up which is preferable to an unsustainable spike. Those who wish to acquire, probably calculate that time and holder boredom is on their side until the Autumn and may adopt a softly, softly approach for now.
A couple of pence per week average over the next 3 months would keep me quite happy.

There is just one thing that may cause nervousness and that is the non-appearance to date of the full year results - last year's appeared in May. As a new-comer here, I may have overlooked some info such as a change of year-end. Can anyone enlighten?

[yorgi] 06/6/2011 08:50

For some reason AR. seems to have hardly touched the radar recently despite achieving all that it promised although for reason beyond the companies control it did take a bit longer than might have been hoped.

I believe we will have more good news during this year and with the POG showing no sign of falling back it is all going to the bottom line for AR.

CL has done well for the shareholders of AR.

[lfc4ever] 06/6/2011 08:40

no posts in nearly 2 weeks.
do you think we are still under the radar?

very illiquid- a tip here or there and we could jump higher.

[yorgi] 26/5/2011 14:52

Good to see a tick up on such a red day on the market in general

[silverfern] 24/5/2011 16:09

tempted again at these levels - last bought at the last one-day dip. Let's see what happens tomorrow

[yorgi] 24/5/2011 13:21

Yes, but it happens, we will probably get one some time soon.

[lfc4ever] 24/5/2011 11:47

odd pull back.
a positive production update would not go amiss.

[yorgi] 19/5/2011 09:14

Steady buying again today nothing big but slowly we are edging up. What will push us on will be confirmation that production is on target to achieve the 110,000oz this year.

[yorgi] 19/5/2011 07:43

You have put it in a bit more detail lfc4ever :-) Also they will be cash flow positive by August this year.

Are you in or thinking of buying 1Chunk ?

[yorgi] 19/5/2011 07:41

110,000oz for 2011 but they only started pouring in April but an average of 160,000oz/annum after that.

[lfc4ever] 19/5/2011 07:39

i don't think the target was ever 160k for 2011. that is a fully year production target:

Production commenced in April 2011 and is currently ramping up to full production by Q4 2011. Production is targeted to reach an average 160,000 ounces of gold equalivent for the first 6 years of the current 8 year Project life. However based on these initial drilling results and the highly prospective nature of the ground surrounding the known deposits, the Company is confident of increasing the resource and reserve and thereby significantly extending the mine life.

[1chunk] 19/5/2011 07:36

Do they still have a 160K Oz target for 2011 ?

[silverfern] 19/5/2011 07:04

I would not expect monthly pro rata on 100k yet - they need to build up to 14k per month to achieve 160k per yr, but an indication that they are doing 8-10k right now would be great.

[snickerdog] 18/5/2011 22:41

Last year - results 24th May.
AGM 29th June.

First gold pour was following these results but a reminder to the Market that of their 160k tagret for the three remaining quarters.

[davegk] 17/5/2011 09:42

"Currently the Project contains a JORC compliant resource of 1.75m ounces of gold equivalent, of which 1.1m ounces is initially mineable."

Don't forget that the resource was calculated based on a gold price of $350, Colin said at master investor that they were going to rework the figures on a higher gold price so that combined with the latest drill results should result in a significant increase to the resource.

I was talking to CEO of RMM(copper, gold and silver) after their presentation at proactive investors last week. Similarly but slightly behind AR. They are just moving into production, mining at the moment with the processing plant due August September. I asked him about the market rerating companies as they started producing, he said the market likes to see a quarter or two of achieving production targets and then he would expect a rerating.

Seasonally gold is stronger in the second half of the year, I think we're well on target to achieving Collins one pound by the year-end and if gold does do well we could get significantly higher

[yorgi] 17/5/2011 08:36

looks like my buy is the only one this morning :-(

[yorgi] 17/5/2011 07:34

The part worth emphasising :-

"the Company is confident of increasing the resource and reserve and thereby significantly extending the mine life."

[boadicea] 17/5/2011 07:25

"Exploration Results from the Toka Tindung Gold Project."
It sounds better to me than its low-key style might tend to indicate.



Quote -
"The Company is very encouraged by these initial intersections and in due course looks forward to a positive revision of the Project's resource and reserve in the latter half of this calendar year.

"Currently the Project contains a JORC compliant resource of 1.75m ounces of gold equivalent, of which 1.1m ounces is initially mineable by a series of open pits feeding a central processing plant. Production commenced in April 2011 and is currently ramping up to full production by Q4 2011. Production is targeted to reach an average 160,000 ounces of gold equalivent for the first 6 years of the current 8 year Project life. However based on these initial drilling results and the highly prospective nature of the ground surrounding the known deposits, the Company is confident of increasing the resource and reserve and thereby significantly extending the mine life."

Associated tables of results -





I look forward to news of a substantial resource update and extension of mine life in the Autumn.

[yorgi] 17/5/2011 07:07

I've noticed but the problem is AR. does not seem to be one of the most watched stocks.........their loss :-) Added a few more

[lfc4ever] 17/5/2011 07:01

no one seesms to have noticed just yet

[silverfern] 17/5/2011 06:40

Positive update : based on these initial drilling results and the highly prospective nature of the ground surrounding the known deposits, the Company is confident of increasing the resource and reserve and thereby significantly extending the mine life.
I am presuming the open pit minimg will be used for these other intersections. Grateful for anyone who can analyse the data. Whatever, this is no longer a six year project.