Bad luck andrbea. I know the feeling. |
Thats what happens for hunting for other stocks other than Shanta Gold. |
yep, got stung, move on to the next stock....
surprised New Dawn didn't take over the listing. |
Hmmm - I guess the inevitable has been announced today! |
very quiet here |
general interest
gold + AIM + Zimbabwe |
hi! not going to bet the kitchen sink on it but I find this share somehow...how should I put it.......fascinating.....I have had it on my monitor for years.....last time it came to life, it was a very profitable little run..short-lived but profitable....this time round, I am not really sure why people think that the Americans/Canadians would want to de-list it...it doesn`t make any sense to me...maybe, I am missing something but there has to be a reason as to why they bothered getting involved here....when was the last time you heard of someone taking a major holding in a company and then de-listing.....I know that it happened with what used to be called Latitude Resources but Latitude resources was sitting on a bigger pile of cash than those taking over the company had to pay for the company....nice move...this is not the case here so the logic of de-listing defeats me....any ideas? It looks like you and I are the only ones watching this...?
Anybody else out there? |
hi thecynical1!
well, it's high risk (don't bet the kitchen sink on it)
but, hey it's up 6% today
the spread can narrow at times, eg 1.00 to 1.05
but wider at present 1.20 to 1.40 |
hi andrbea - looks like the two of us are the only ones with this on their monitor.....are we missing something or is the rest of the market missing something ? LOL ! |
 CAN worth a punt IMO
as new owner is publicizing its stake in CAN on the Canadian press wires:
Zimbabwe-focused New Dawn receives 92% boost to total measured and indicated resources
Junior gold explorer New Dawn Mining (TSX:ND) has received an NI 43-101 compliant resource estimate for the Zimbabwe gold mining properties owned by Central African Gold, in which New Dawn holds an 89% stake, leading to a 92% increase in New Dawn's total measured and indicated mineral resources.
New Dawn made an investment in Central African Gold in June this year to acquire a total 89% interest in the company, furthering its goal of becoming a mid-tier gold producer of assets in Zimbabwe.
Central African has five principal gold properties in Zimbabwe, which include the Dalny Mine, the Golden Quarry Mine, the Venice Mine, the Camperdown Mine and the Old Nic Mine.
The report, which was conducted by Medusa Geo-Consulting and effective as of June 30, 2010, resulted in a 92% increase to New Dawn's total measured and indicated mineral resources to 1.56 million ounces of gold grading 2.37g/t from 20.44 tons of mineralized material. Inferred mineral resources went up by 54% to 552,600 ounces of gold, grading 4.95g/t.
In addition, results also saw a 32% increase to the company's total mineral reserves to 220,000 ounces of gold grading 3.81g/t from 1.78 tons of mineralized material. The mineral reserves are comprised of proven reserves of 109,400 ounces of gold grading 3.69 g/t, and probable reserves of 110,600 ounces of gold grading 3.78 g/t.
"The CAG acquisition has demonstrably and significantly increased New Dawn's gold resource base," said president and CEO Ian R. Saunders.
The company said that within the next 18 to 24 months, it will have both the resources and the mining capabilities to support production of 50,000 to 60,000 ounces of gold per year. New Dawn will look to increase this to 100,000 ounces within four to five years, it added. |
From New Dawn Mining (Canada)
who own 89% of CAN:
The company is currently reviewing the assets and operations of the Central African Gold properties, and until the analysis is completed, New Dawn said it will not have estimates of the capital and final operating costs.
"In absence of the final operating plan, it is not possible to do a final detailed economic analysis or calculate the payback on capital expended and the resultant life of mine. When this review is complete, it will be determined whether the CAG Properties are development or production properties," the company said in a statement.
Aside from the Central African assets, New Dawn owns and operates the Turk and Angelus Mines in the upper southwest area of Zimbabwe that have the potential to produce an estimated 35,000 to 50,000 ounces of gold per year. |
LSE board
I wouldn't worry for those who bought this morningon the spike, its the risk you take.. I am sure with time they will see great returns on their investments. There is more to come with production news, etc.. Good luck to all! |
Back she comes and a little shakey shakey. |
tree shake over?
total buys to total sells, roughly 2 to 1 |
Seems a seller is about. |
more posts about this share on LSE board
eg last one:
profit-taking of course but the bigger picture is that CAN has only a market value of 11 million and they have estimated over 1.1 million ounces of gold so it's worth many times this with those resources |
for some background on the share, read post 946
some others:
931-933-937-944 |
Looks very cheap ... I agree, bought some more. |
350k (vol) buy (£5250)
price rising fast in response (shows they're short of stock IMO) |
Breaking out by the looks of it. |
598000k (vol) buys already |
OK - small stake taken. |
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