Yamana Gold Share Discussion Threads

[noirua] 31/8/2002 04:30

Steady as we go on the long road back, trading completes the week in London at 2.75p - 3.25p ( 7.7c - 9.1c ) and Australia at 9 cents last trade. The London market is really little changed but the Aussie market is up over 30% after the large seller has walked away.

My forecast is for a continued gradual strengthening to 12c in the coming months.

£2 - 50 ( A$7 ) is the target, ( as this is the string ) it was forecast last year ( Old tipster news perhaps ), looks high now, we shall see how the cookie crumbles. ( there has been a rights issue since and sale of some shares so the equivalent price is £1.85 approx ).

Updated.

[noirua] 20/8/2002 02:18

Coal for sale extended.

1). Dig as much coal as you can for free, but only during the hours of 2p.m. till 3p.m. This is to be named the " Auiron Happy Hour ". Beer however will not be free and no drinks may be brought, Auiron will be providing their own brew called " Parkerbecks " at A$5 per litre.

2). The new " Charring Plant " is to be re-named " Gasping for a Pint " Pub. This is because it is positioned 5 miles from Ingomar and there is no transport apart from the occasional passing wheelbarrow.

3). There is a new innovation for the " Briquetting Plant " which is fully commissioned. New housing is to be developed called Brown Housing, made from Arckaringa Coal. The coal has 18% moisture which which will help in the searing summer heat in the desert of 45 deg C.

Anyone wishing to buy an Arckaringa Brown House should contact the CEO Mr. Jon Parker direct, make sure you mention the " Special Offer " of a Wheelbarrow and permit to dig for coal at Ingomar for only A$4 per tonne for residents, and don't forget the happy hour.

[dragonhorse] 15/8/2002 11:50

Nice one Noirua .... Fair dink'em grin inducing post there cobba!

[noirua] 12/8/2002 04:06

Coal for Sale come and dig you own coal.

Auiron Energy are making an open invitation to all to come and dig out some coal for just A$5 per tonne. Bring you own pick, wheel barrow etc.,

If Auiron can get people to turn up and buy just 5 billion tonnes at a knock down A$5 per tonne. Then this would give an income / profit of A$25 billion.

Wheel Barrows are available for A$500 each, a big price, but a permit to dig for 1 month comes free.

Loading trucks will be supplied at a cost of A$10,000 per month ( 1 wheel barrow comes free, permit for one month costs A$499. )

Briquetting plant is available to rent for maximum use at a weekly rent of A$20,000 ( 1 wheel barrow comes free, briquetting permit A$499 ).

Coal washing facility is not yet built but pumps and hose will be made available free, providing you purchase a washing permit for A$499 per month.

Visits to the S.A.S.E. Demonstration plant must be booked in advance, an all inclusive ticket cost just A$499.

[noirua] 24/7/2002 02:53

Its a matter of waiting for good news now and keeping the faith. Aussie market is weak and likely to remain so for a while.

[noirua] 22/7/2002 21:15

Don't laugh at me Argentina.

£2-50 a share by 2010. Could only happen if the Gold price shoots up to $1000 an ounce, troy ounce of course. What do you mean you ask, we've only brown gold.
---------Not so Sir we still have rights and royalties on Gold Reserves sold a while ago, these are in dodgy parts but at that price they could be worth Aus$300 to $500 million as they were estimated at once. How much a share you ask, well amazingly 90c to 150c( 31.5p to 52p). Not £2.50 but a good starter, more later.

[noirua] 22/7/2002 04:41

rafthorney: apart from selling mining reserves we must as you say hope for coal sales, starting this year. The position looks far better than some think as sales could reach the rate of 2 mtpa this year and 4 mtpa next. This would bring in Aus$110 million rising to double this. All would be internal sales to Australian Power Stations.

[rafthorney] 22/7/2002 00:37

lol.noirua.my timing is known throughout the universe as being bad.we shall see.watching the price like a hawk on monday.also i,m more interested in sales of coal at the moment to get some share holder value.enjoy your toast.

[noirua] 21/7/2002 04:13

rafthorney:you may well be right. on reading your posting I dropped my toast and it fell butter side up, must be a good omen.

Whyalla City are up in arms about the cancellation of S.A.S.E., this may help a little.

[rafthorney] 20/7/2002 19:23

Monday could be an ideal time to average down and try and get something back.However this falling knife has probably fallen as low as it can get,if u see what i mean.

[noirua] 20/7/2002 05:44

VictorVroom:how dare you sir of course the coal exists, 50 tonnes per share, no less.

[victorvroom] 19/7/2002 16:14

does the coal actually exist?

[noirua] 18/7/2002 03:43

The opportunity remains to buy at a lowly 4p in the U.K. or at 10 cents ( 3.55p
) in Australia.

This stock is a buy if you believe in Coal Sales to Aussie Power Stations coming off or/and future sales of Coal to Asia.
That Ballymoney Power will eventually build a Power Station in Ballymoney.
That S.A.S.E. will come about in some form despite a likely watering down in Auiron interest.

If one of the above comes off all will be well, more than one a big bonus.

If everything comes off could we justify this strings title??????

[noirua] 14/7/2002 05:51

Brown Coal from the Ingomar Deposit has been sent to Australian Power Stations to confirm quality and mix ratios. Test results are expected very shortly.
If all has gone well as S.S.B. had expected, sales of coal by Auiron could quickly reach 4 million tonnes per annum, before the expected leap in April 2004 when the rail extension and Darwin East Arms Port are completed with full coal loading facilities.

[noirua] 10/7/2002 01:53

Stock selling at 4p a bit below Australia. Buys at 5p are well above Australia.

[noirua] 08/7/2002 18:21

Market Makers are still selling at 5p and buying at 4p a wide margin, this is a fair price for sellers as the market sees it downunder. Improving sentiment by the Aussies may catch up to U.K. buying prices as the week wears on.

[noirua] 08/7/2002 04:13

Market in Auiron is improving and m.m's should tighten spread on Monday. May end the day at 4.75p - 5p.

[noirua] 06/7/2002 04:47

natking: if it were possible to dig out all the coal, iron ore and lignite for nothing and deliver it free to all customers the value is about : - £404 billion.

[natking] 04/7/2002 15:27

But what are the assets really worth?

[13thfloor] 04/7/2002 15:13

This is after conducting how many "feasibility studies" in the last few years?

[skipster] 04/7/2002 11:59

Australian Financial Review – 1st July 2002

Auiron seeks partner for pig-iron project

Plans for a $1 billion pig-iron project based in South Australia have been put on the backburner after operating costs for the first stage did not measure up to expectations.

Auiron Energy announced on Friday that it would cease funding the project as the sole investor and would look for a strategic shareholder to join it in the operating subsidiary SASE Pty Ltd.

The decision to stop developing the SASE pilot plant and process at Whyalla coincided with the retirement of Auiron's managing director Neill Arthur, 69, who has been a champion of the SASE project.

Auiron has so far spent $41 million on proving the technology and proving up coal and iron ore reserves in South Australia, including a $6.5 million START Grant from the Federal Government.

It is believed one of the difficulties was the cost of drying the coal before it could be used in the patented Ausmelt top-submerged lance smelter, which was being used to produce pig iron for the first time.

There are about 40 Ausmelt furnaces around the world, with all of those used for base metals such as copper and nickel.

Auiron's new managing director, Jon Parker, said ``it would be a bit tough" to assume that this was the end of the SASE project.

``Auiron has taken it a long way and has done some hard stuff, but it just hasn't got the horsepower to take it further alone."

He said the feasibility study on the economics of a 500,000 tonnes a year pig-iron project contained some rigorous assumptions on raw material pricing, and the local materials had not measured up for a project of that size.

He said Auiron has already been approached by other companies wanting to use the Whyalla demonstration plant to test the suitability of the Ausmelt furnace for other feedstocks.

[chasepde] 03/7/2002 21:08

13th Floor,
Sadly, I think you are correct. The bad news is, that with the present disagreements in the Auiron Boardroom, the future is exceptionally bleak, and to think I was confident a few weeks ago, how wrong can one be?. They seem to have made a real mess of things after a promising start, in 2001. Get out of this stock while there is some value left. A predator will reap the benefits down line, but not existing shareholsers. Thats it friends.

[13thfloor] 03/7/2002 13:41

Edgar, IMHO not a buy until some form of income is on the horizon.