Yamana Gold Share Discussion Threads

[richardbonny] 31/1/2003 00:52

Yes and of course the less they do the longer the money will last! Nice work if you can get it.

[13thfloor] 30/1/2003 08:18

With regards to todays facile RNS :

Of course you have enough money, you have had all of ours!

Thats it, is it? "Meet your needs" eh? Your needs being what exactly? Another year of "feasiblilty studies" while you draw fat paypackets eh?

This company does nothing, and is going nowhere.

[noirua] 17/1/2003 12:46

richardbonny ( and everyone ): fair points, obviously the take-over part is out of our hands. On the other, time is still on Auiron's side providing they have now succeeded in getting Annual costs down to A$4 million. A$25 million is left and should take us to 2008 and a further Rights Issue up to 2010.

Thats the downside in position, the upside is really ADC and whether it gets orders and if it is floated within 4 years. If not Auiron will have a good stake in Ausmelt which equates to about 6.5 million shares at A$1 ( plus the 1 million shares already held ). How much Ausmelt will be worth then can only be a guessed at.

What has ADC got at the moment: only an agreement with Mount Gibson and a posible 1 module plant in Western Australia together with income from hiring out the demonstration plant. Further upside is the satisfaction from South Korea and China with their non-ferrous plants which could translate into orders for ferrous plants. Have no doubt the Demonstration Plant has been deemed successful, its just time, the fire and funding that doomed our enterprise.

Do not be down hearted friends all is not lost, far from it.

[richardbonny] 16/1/2003 23:18

Noirua, you're right it's worth more than 2p in the right hands but the current management is never likely to realise a better price. They appear to be under the impression that there is still some kind of life left in SASE (Ausmelt) and Ballymoney. Personally I don't see any money coming out of either of these "projects". The best hope for shareholders is probably a takeover but at current prices that is unlikely to be at more than 3p. Meanwhile, they will drift along until all the cash in the bank has been spent at which point it will be game over.

[jda] 16/1/2003 22:19

Very well put Noirua.

[noirua] 16/1/2003 19:52

13thfloor and everyone: No doubt we all invest in many shares and this one has proved to be bad news, of course there is no getting away from that. What is of interest to me is looking at many stocks that look undervalued, Auiron is one of those.
Fair enough it has collapsed, but I feel there is nothing wrong looking at its potential seeing a buy today at 2p. Risky certainly with the cash in the bank worth about 3p a share, ADC 21.5% owned in place and 1 million shares in Ausmelt. We all know about the 1 billion tonnes of iron ore they say OneSteel may be interested in and the 16 billion tonnes of steaming coal for future sales and Ballymoney.
Question for the gambler " is it all worth more than 2p " obviously you know I think so, others must make their own decision.

[13thfloor] 16/1/2003 00:55

Oh, give it a rest. Its worthless.

You've done your dosh like the rest of us.

Move on.

[noirua] 11/1/2003 23:00

Well the discussions back in November that were well rumoured in Aussie parts came to eventual fruition, with the creation of ADC.

The next move expected to be announced in the not to distant future, is the creation of another arm, that should this time include OneSteel.

A long way to go know doubt but a slow phoenix rises from the ashes as the clouds of despair start to dissipate.


Don't despair friends its heading in the correct direction.

[13thfloor] 07/11/2002 08:52

Wonderful.

[noirua] 07/11/2002 01:28

In a press release Mr Paul Abbot MD of Ausmelt writes that they have been in continued discussion with Auiron Energy and Krakatou Steel, partners in the S.A.S.E.project. All parties are continuing discussions on how they can work together to optimise the value of the project. The Ausmelt Ausiron Technology, that Auiron Energy has rights too, for the use of the technology in South Australia and the other S.A.S.E. assets are another point of discussion.

The Technology had been undoubtably proven with significant benefits and achievements relating to operating efficiencies and control of product quality. The operation of the S.A.S.E. Demonstration plant demonstrated how Ausmelt's Ausiron Technology worked successfully.

There had been sustained interest in the Ausiron Technology from a number of Australian and overseas iron ore producers. The Global market for Ausmelt's ferrous technology was substantially larger than the market for non-ferous applications.

[chasepde] 03/11/2002 23:12

Well Tony979, if there was more news out there, it would leak through. At least Noiura is stating some positive opinions and views. Like most people, I have only the recent company report to read. Market conditions can change quickly and a field of bulls on the horizon could cheer us all up. Be positive, please.

[tony979] 31/10/2002 14:45

Can someone other than Noiura please post to break the monotony if nothing else

[noirua] 31/10/2002 12:12

Hi everyone: coal production now looks like going ahead afterall and if it does Auiron must be looking to increase it up to 15 million tonnes per annum. At this level - all things being equal - we could see annual profits exceeding the present market cap ( 7c per share equals, A$24 million ) even if it is a little way down the road. Ballymoney is still an unknown factor and cannot figure in any future profits estimate as is S.A.S.E.

It would be quite a while before dividends would be paid, many years infact as Auiron would continue expanding.

At a price of 21c per share the prospective guessed PE Ratio is just 3.

Once - it is an if - coal production is certain a prospective PE Ratio of around 8 would give fair value, equating to 55c ( 20p ) a share.

All this is in the lap of the gods but remains a possibility, £2.50 is however still very far away indeed.

Hope springs eternal, lets hope so.

[tony979] 29/10/2002 18:13

Its a bit old but found this article on Independent/Citywire site

[13thfloor] 28/10/2002 11:34

So you've lost £1,250 plus charges already?

Oh dear. Join the club.

[alannlane] 26/10/2002 00:01

brad 1
agree with you 100%, bought in 100,000 @ 3.5p a few weeks back gonna just lock em away, could easily be a twenty bagger "if you want to swim get in the water"

[noirua] 22/10/2002 23:25

Stalled are we, yes but only for a time you know, maybe only a short time. The pit at Ingomar lies dormant but ready still for sales in the future, at least it proves Auiron are able to dig it out and next on to a train for Darwin from April 2004.

[rafthorney] 07/10/2002 19:37

Hey humbug,you don,t have to read it!lol

[humbugg] 04/10/2002 22:35

noirua,

Please, not another thread ramping this pile of cr@p.

[chasepde] 04/10/2002 21:32

Well, this 'late day' enthusiasm is all very well, but the race seems to be long over and the SASE horses stabled and put out to grass, or 'shot & buried' Lets try another one. Market Brown Coal in bucketfuls.

[noirua] 02/10/2002 23:54

Auiron's report of events show that the progress of S.A.S.E. - had it been continued with a Partner or Partners helping with funding - would eventually have been successful.

The first reason was continued funding only by Auiron which with the present share price, or rather as it was shortly before the final announcement could never have raised sufficient funds to realise the ambition of a five module plant.

The Demonstration Plant catching fire was really the final straw, coupled with the need to re-design lances and adapt oxygen supplies. This coupled with the need to start with third party coal would have caused long delays. On top of this the revising down to one module was not viable on a risk return basis.

Basically Auiron Energy could not raise more or sufficient funds alone and would have been bankrupted before completion.

All this does not mean all hope is lost, a partner would be able to shoulder the costs of a longer spin out of the Demonstration Plant. This could well take a further two years. In return Auiron would have to give up part of their interest. How much is the question????

After completion of the Demonstration plant phase it would be necessary to raise A$1.2 billion ( less if the plant is scaled down from that first invisaged ) for a 5 module plant.

Hopefully a return to S.A.S.E. Development would dramatically increase the share price.

Auiron's share of funding would be large leading to a rights issue and further dilution both of the S.A.S.E. and Auiron Shareholders.

Still in the end 10% of a great deal is worth far more than 90% of nothing.

So everything is not lost and a partner announced can be awaited both with interest and enthusiasm.




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[noirua] 30/9/2002 20:58

goldengoose:perhaps you could lay a golden egg for us, lots infact, that should get matters moving.

Seriously though the present economic climate is disastrous and the management seem to be resigned to leaving the coal in the ground and selling S.A.S.E. The latter may not come off either as losses are now in the Auiron Energy accounts book and only the Demo Plant and iron ore reserves remain. A bid is only likely for the whole of Auiron.

Auiron have said they are looking to another venture.

Hey goldengoose your boats on the wrong thread.

[goldengoose] 30/9/2002 19:10

Is it time to buy another....
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