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BGF Ballarat Gold

12.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ballarat Gold LSE:BGF London Ordinary Share AU000000BGF7 ORD SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 12.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 12.50 GBX

Ballarat Gold (BGF) Latest News

Real-Time news about Ballarat Gold (London Stock Exchange): 0 recent articles

Ballarat Gold (BGF) Discussions and Chat

Ballarat Gold Forums and Chat

Date Time Title Posts
05/10/200714:10Ballarat Gold - In a very good position ?465
28/4/200522:05****BALLART GOLD-ANOTHER GOLDMINE**10

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Ballarat Gold (BGF) Top Chat Posts

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Posted at 17/10/2006 07:41 by laserdisc
good news offer equates to 28cents per share
Posted at 16/10/2006 09:50 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 late
BALLARAT'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 17:03 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 06:39 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 29/5/2006 18:10 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 10:32 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 06/3/2006 12:25 by arja
Yes, thanks for posting article laserdisc. Nice to see a slight pickup in BGF price in OZ closing at 46 cents . Hopefully the medium term trend still intact !
Posted at 28/12/2005 16:52 by 12vic
I've never paid stamp duty on this share either - I think this must be something to do with the fact that its main listing is in Australia .

There was huge volume in Australia last night , some 12 million shares changing hands meant BGF was the second most traded stock on the ASX . There was also a price mark up of 8%+ , hence the fact that I was expecting a price rise over here today . The mid price in Oz ended at 39 cents , exhange rate is approx 0.42 to the pound , so this should equate to UK mid price of 16.38p with an expected buy price of circa 16.75 . It seems that anyone who got in today between 15.6 - 16 managed to get themselves a bargain .

If like me you can see the oz dollar srengthening against the pound , then you've got an additional reason to invest on top of the gold price .

Big test to see if the OZ market runs with BGF over the next few weeks or slowly pulls back yesterdays gains as it has done previously . One things for sure there's plenty of good press coverage at the moment !
Arja have you looked at www.hotcopper.com.au some comment on BGF there as well .
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 2005

Ballarat 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-goldfields.com.au or contact Joel Forwood, Manager Corporate and
Markets, on 03 5327 1111.
Ballarat Gold share price data is direct from the London Stock Exchange

Ballarat Gold Frequently Asked Questions (FAQ)