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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ballarat Gold | BGF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 12.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 12.50 | 12.50 |
| Top Posts |
|---|
Posted at 16/10/2006 10:50 by laserdisc extract from australian newspaper 14/10/06 on asx i think its more a merger though than a takeout anyhow 30cents sounds extremely generous in view of the managements record of lateBALLARAT'S chances of being revived as a major goldfield have received a boost, with project owner Ballarat Goldfields (BGF) placed in a trading halt pending the outcome of "merger" talks with an unnamed suitor. Favoured speculation among brokers was that the world's biggest gold producer, Barrick, could be about to make a 30¢-a-share takeover bid, valuing the company at $360 million. Other tips for potential suitors included St Barbara and South Africa's Gold Fields. Fellow Victorian gold producer Perseverance was ruled out because it has its hands full with its takeover of Stawell goldminer Leviathan. CSM was also ruled out because of its focus on expanding its nickel business. The takeover talks follow the collapse of BGF's share price after its revelation in early August that it needed to raise $100 million to develop a bigger and better redevelopment of the old goldfield, one based on bypassing old workings altogether. RFC Corporate has been working on raising the required $100 million. |
Posted at 29/6/2006 18:03 by 12vic I can't see much happening here until BGF can at least prove some sort of effective production at Ballarat East . If I buy back in it would be on the back of a positive production announcement . At the moment BGF are very much keeping us in the dark as to just how things are progressing in terms of plant , mining and production . |
Posted at 01/6/2006 07:39 by arja massive volume in BGF in OZ ! Maybe something afoot . But big fall in gold price concerns me although BGF unaffected by it last night ! |
Posted at 30/5/2006 09:41 by 12vic Would like to buy back in but fully invested elsewhere at moment i.e AIMR + others , BGF doing well this morning as are other OZ mining stocks .The only thing missing for BGF is positive production news which would surely send it rocketing . |
Posted at 29/5/2006 19:10 by arja 12vic,my aussie mate bought AIMR and BGF last night so he must like look of charts for those two stocks . I wish i had stayed up until 1am as I could have had a nice trade in BGF which he bought at 31.5 - but too tired !! Further progress may depend a bit on gold price but Us closed today ! |
Posted at 15/5/2006 11:32 by arja and gold price now at 686!! I sold half of my BGF and took quite a loss . will just pray and keep fingers crossed for the rest .hopefully this is only a correction but hard to see BGF closing above 40 cents in oz tonight unless gold price makes a big recovery in afternoon! |
Posted at 05/4/2006 12:25 by 12vic Hello ,Arja good to hear you are back from Vilnius - should think it was very cold out there ! Also looks like BGF has steadied itself and found a fairer price after recent decline - I still continue to have faith that this one will climb and not too long now before $600 gold as I had thought might happen earlier in the year . polish_student - Aimr is now in a similar situation to BGF about 18 months ago but definately a riskier play as it is based on African Continent , however feasability successfully completed on Perkoa project which once again like BGF's main project offers a long mine life . The absolute key to Aimr at the moment is a solid funding agreement allowing plant building etc - there will be plenty of interested investors in this zinc project so sound terms should be possible to achieve . Once funding is in place Aimr will move but until this is done it must remain speculative ! |
Posted at 28/12/2005 09:05 by 12vic This article published in Australia yesterday might explain increased interest .GOLD production has returned to Ballarat after an 87-year layoff, with Ballarat Goldfields (BGF) having just poured its first gold bar in its plan to re-establish the goldfield as a major Australian producer. Ballarat's heyday was in the 1850-70 gold rush when thousands of diggers mined alluvial gold found in deep leads (buried river sediments). But it was the mining of gold-bearing quartz lodes that was to see gold production at Ballarat continue to 1918. A lack of manpower caused by World War I was to blame for the cessation of goldmining, not lack of gold or water flows into the mines as is commonly believed. By the time mining stopped at the last of the operations, more than 12 million ounces of gold had been extracted. And according to BGF, as much again may remain to be mined beneath old workings and in extensions to the lode systems being uncovered by modern exploration techniques. The last time Ballarat yielded gold, the price of the yellow metal was fixed at $US20.67 an ounce ($US298 an ounce adjusted for inflation). Today the price is near an 18-year high at $US505 an ounce, making the effort to get Ballarat back into production sweetly timed. Ballarat's return continues the renaissance of goldmining in Victoria - a state that has yielded more than 80 million ounces of gold, worth $US40.4 billion ($A55.3 billion) at current prices. The renaissance kicked off earlier this year with first production from Perseverance's Fosterville mine near Bendigo. That joined Leviathan's operation at Stawell as a 100,000 ounce-plus annual producer and will be followed in 2006 by the planned resumption of mining at Bendigo by Bendigo Mining and at Costerfield by AGD Mining. BGF's plan is to ramp up production at Ballarat to as much as 200,000 ounces a year. But the process will take time. While the company has not issued any annual production forecasts, some analysts have, including Goldman Sachs JBWere. The broker reckons BGF will produce 55,000 ounces by June 30, 2006, rising to 130,000 ounces in 2006-07. "It is good to see BGF pouring gold on schedule, especially given the delays currently being experienced in the resources industry," the broker added. BGF managing director Richard Laufmann said the first gold pour at the operation heralded a new era of goldmining in Ballarat and was a significant milestone for the company as it began the transition from explorer to gold producer. Mr Laufmann said the existing infrastructure base in Ballarat allowed for a speedy development timetable once the decision to resume mining was made. "I don't think this could have been achieved elsewhere in the country in such a short time frame," he said. "The skilled workforce and facilities available here in Ballarat, along with the strong support of the community are second to none, and we thank them." The promise of first production and the sharp rise in the gold price have made BGF's stock a strong performer in 2005, rising from a low in January of 15¢ to Friday's close of 36¢ . |
Posted at 22/12/2005 08:05 by 12vic ASX and Media release: 22 December 2005Ballarat Goldfields Pours First Gold Ballarat Goldfields NL (BGF) is pleased to announce that the first gold was poured on 21 December 2005 as part of the commissioning of the gravity circuit at Ballarat East. The pour was made on schedule with BGF's accelerated timetable. Ballarat Goldfields Managing Director, Richard Laufmann, said, "This is a significant milestone in the Company's history as BGF begins the transition from explorer to gold producer, heralding a new era of gold mining in Ballarat." Ballarat Goldfields re-commenced development at Ballarat East in November 2004 from the existing Woolshed Gully decline and the first stope was accessed in September 2005. Construction of the processing facilities commenced in July 2005 and the plant is currently commissioning. "The timetable achieved is testament to the vision, commitment and teamwork of the Ballarat Goldfields team and the dedication of our contractors and suppliers", he said. "I don't think this could have been achieved elsewhere in the country in such a short time frame. The skilled workforce and facilities available here in Ballarat, along with the strong support of the community are second to none, and we thank them." Mr Laufmann said. BGF expects to provide further details in the December Quarterly Activities Report in January 2006. About Ballarat Goldfields Ballarat Goldfields is an Australian gold explorer and developer, with a strong portfolio of projects primarily focused on the highly prospective Ballarat gold province in Victoria. Situated in one of the most famous historical gold mining regions of Australia, Ballarat produced over 12 million ounces before it's premature closure, around the time of the first world war. In 2004, for the first time following discovery in the 1850's, the leases over the entire Ballarat field were consolidated under the sole ownership of BGF. This has resulted in the company constructing a comprehensive geological model of the entire field, demonstrating what many had suspected, that Ballarat had massive unexplored prospectivity. BGF completed a pre-feasibility study in 2004 which proposed an initial underground mine at Ballarat East, with twin access declines servicing the haulage and ventilation. The mine, based on BGF's geological model, has a life of 21 years, and would achieve an average production rate of approximately 200,000 ounces of gold per annum. For further information on Ballarat Goldfields NL, please visit our website www.ballarat-goldfie Markets, on 03 5327 1111. |
Posted at 29/9/2005 19:33 by 12vic Here's some light reading from the Hotcopper website ( Australian Bulletin board ) , the basic discussion relates to BGF and another company BDG ( Bendigo mining ) which is also in Victoria area of Oz . Interesting to see people already talking about both as takeover targets for Major gold producers !Subject re: big write up in sunday mail Posted 26/09/05 19:25 - 95 reads Posted by pwc IP 220.239.xxx.xxx Post #731933 - in reply to msg. #731906 - splitview would not be surprised if it bgf was taken over soon ... with those levels of assets... they are a prime takeover target. Voluntary Disclosure: No Position Sentiment: None TOU violation Subject re: big write up in sunday mail Posted 26/09/05 19:30 - 109 reads Posted by tastarga IP 60.224.xxx.xxx Post #731942 - in reply to msg. #731933 - splitview They will need at least 6 months operating history before a big brother such as Goldfields steps up to the plate IMO. Similar argument for BDG....maybe a quinella in 2006/7? Cheers,TAS Voluntary Disclosure: No Position Sentiment: None TOU violation Subject re: big write up in sunday mail Posted 26/09/05 19:33 - 93 reads Posted by Sabretoothed IP 60.224.xxx.xxx Post #731948 - in reply to msg. #731942 - splitview Yep BGF and SBM are my favourite goldies :) Both long term could be easily taken over... Brokers are more qualified then a sabretoothed tiger so please check with them always...;) This post is for entertainment purposes only and is never ever ever advice!....Seek advice ONLY from a licensed adviser. Voluntary Disclosure: Position Sentiment: None TOU violation Subject re: big write up in sunday mail Posted 26/09/05 19:36 - 115 reads Posted by bendigo IP 203.166.xxx.xxx Post #731955 - in reply to msg. #731942 - splitview Tas, you just wrote Quote They will need at least 6 months operating history before a big brother such as Goldfields steps up to the plate IMO. Similar argument for BDG....maybe a quinella in 2006/7? Cheers,TAS Dont reckon your time frame is quite right. BDG will not be in a position to take over the other two until at least 2007/8 Remember "Tim the Toyman" from your youth. These days we have "Tim the Takeover Man" LOL Bendigo Voluntary Disclosure: No Position Sentiment: None TOU violation Subject re: big write up in sunday mail,bendigo Posted 26/09/05 20:04 - 106 reads Posted by tastarga IP 60.224.xxx.xxx Post #731975 - in reply to msg. #731955 - splitview Evening sport, your assumption is that BDG may gobble BGF? My assumption is that desperate American/African will take them both! Good quality ounces, comparatively low cost/profitability, long mine lives-just what these 'foreigners' pay a premium for. Probably NCM disappears first (Newmont?) BGF second (Goldfields?) Quickly followed by BDG (goldfields once again?) Newmont is the most desperate to replace ounces. And Goldfields? Well they are quietly exploring north of Bendigo, and the MD of Ballarat was at one stage a director of the local subsidiary and no doubt retains friendships! Barrack is also getting desperate-it may have a tilt at OXR if Teck or Phelps Dodge don't get their act together by the start of 2006. And Anglo-always the bridesmaid!LOL Cheers,TAS Voluntary Disclosure: No Position Sentiment: None TOU violation Subject re: big write up in sunday mail Posted 26/09/05 20:04 - 87 reads Posted by midnorth IP 144.137.xxx.xxx Post #731976 - in reply to msg. #731906 - splitview You & me both, been in since 10.5c all 95200 of them, laughing all the way to the bank. hehe Voluntary Disclosure: Position Sentiment: LT Buy TOU violation Subject re: big write up in sunday mail Posted 26/09/05 20:07 - 91 reads Posted by Sabretoothed IP 60.224.xxx.xxx Post #731980 - in reply to msg. #731976 - splitview Yep, when saw the BGFO running you knew it'll run... Brokers are more qualified then a sabretoothed tiger so please check with them always...;) This post is for entertainment purposes only and is never ever ever advice!....Seek advice ONLY from a licensed adviser. Voluntary Disclosure: Position Sentiment: None TOU violation Subject re: big write up in sunday mail,..tas. Posted 26/09/05 20:12 - 97 reads Posted by bendigo IP 203.166.xxx.xxx Post #731986 - in reply to msg. #731975 - splitview Just winding you up before Tas. Agree with your possible scenario,... and at around six or seven dollars a share, I can sell em a few BDG. But isn't it good that the two historically major Victorian gold mining provinces are both looking so promising. Cheers Bendigo Voluntary Disclosure: No Position Sentiment: None TOU violation Subject re: big write up in sunday mail,.bendigo. Posted 26/09/05 20:21 - 121 reads Posted by tastarga IP 60.224.xxx.xxx Post #731990 - in reply to msg. #731986 - splitview Our friends from the west seem to have missed the fact that Victorians move back into power in the gold sector within 12 months. Newcrest head office? The best quality middle rankers to produce in excess of 100,000 ounces per annum_LVR,PSV,BGF and BDG. All with comparatively long mine lifes, offer superb locations for family upbringing (a critical factor across the industry if you want good staff rather than drug addicts!LOL), etc etc etc. Even Walhalla may have another lease of life! Yes another high grade multi million ounce deposit! Don't see too many of those in the west these days owned by Australians (at least for the moment anyway!LOL) Cheers,TAS Voluntary Disclosure: No Position Sentiment: None |
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