Central African Gold Share Discussion Threads

[looneytune] 25/5/2006 17:32

Unnecessary to leave it to the last day - it is not a game, hope all goes well tomorrow!

[caiman27] 25/5/2006 08:18

Yes, thats true, but if WNL is forced to relinquish its claims, what then? Total can fight this one forever.

[looneytune] 23/5/2006 17:46

Caiman it may be messy but there are plenty of investors who have made an absolute fortune in WNL.
Tha article you refer to is here............

for those who wish to read it.

[caiman27] 23/5/2006 14:21

The answer is forever, if that suits Phil, but that would mean that he would have burnt all his friends in N America who put up the most recent batch of cash.

By the way, you should have a look at what has happened to White Nile - he is being forced to disclose underlying agreements/contracts. Clearly wheels falling off all over the empire. And also lets not forget that Capricorn is currently suspended because it is a cash shell still with no deal after the deadline set by the exchange. Messy messy messy.

[looneytune] 23/5/2006 13:55

3 days to go - how long can it take to finalise?

[caiman27] 18/5/2006 08:45

delisted in this case means that the stock will not be quoted on an exchange. There will be no facility to trade the shares.

[miahkaysor] 17/5/2006 23:27

what does delisted mean? does that mean it will never come back to the market?

[caiman27] 17/5/2006 14:48

7 trading days to find a NOMAD before it gets delisted.

[smiler27] 16/5/2006 21:56

Worth checking out CAPT tomorrow at 0.35 pence - could rise by possible 100% and even then would be undervalued.

[jackal2] 16/5/2006 18:00

anyone know whats going on??

[stewarty123] 15/5/2006 15:02

Yep it's stormy out there today.

[fat eddy] 15/5/2006 13:09

It's a good thing CAN is suspended on a day like today!!

[looneytune] 15/5/2006 08:40

Hope a RNS is not due now, see the negative press yesterday re Phil Edmonds???

[caiman27] 09/5/2006 16:04

No it doesn't - it has around 7.5% of CAN.

[fat eddy] 09/5/2006 14:15

Camec already own CAN

[sharefailer] 09/5/2006 13:04

Just heard a rumour that CAMEC may be a suitor for CAN, placing has just been done at 90p a share, could be the figure we are looking at for the return

any one else heard this

[ppowerscourt] 05/5/2006 02:37

Referring to my earlier comment on another gold explorer/producer doing well in Mali---- found it again! It's Glencar Mining whose shares have done very well recently and they operate in S. Mali. See GEX for details on their Mali assets.

I, therefore, think CAN can outperform in their huge Malian acreage offering up good gold reserves one day soon. All indicators are ripened to GO!

[smiler27] 01/5/2006 14:41

Investors will start looking at Moritz's other interest in the shape of DMR soon which is a snip at 0.35 pence. Brian Moritz has got something big lined up there.

[looneytune] 28/4/2006 08:29

DYOR.

Corumel Minerals Announces Asset Purchase Agreement to Develop Central African Gold and Diamond Holdings

NEW YORK, April 12 /PRNewswire-FirstCall/ -- Corumel Minerals Corp.
(OTC Bulletin Board: CORU) a Nevada Corporation acquired all of the assets
of RCA Resources Corporation for the acquisition cost of $64 million. The
assets of RCA included (1) a 100% interest in Lobaye Gold SARL, a limited
liability company operating out of the Central African Republic, (2) three
general exploration licenses for three specific regions in the Central
African Republic for a validity period of three years for gold and diamond
prospecting (the mineral properties that form part of the Licenses cover an
aggregate surface area of 2,202 km sq.), (3) mining equipment, (4) a lease
agreement for industrial mining equipment, and (5) the assignment of
$1,265,388 in loans made by RCA to Lobaye Gold SARL.
Pursuant to the acquisition, there was a change in control whereby RCA
Resources Corporation acquired a controlling interest by transferring its
assets to Corumel pursuant to the terms and conditions of the Asset
Purchase Agreement. As consideration for the assets, Corumel issued 80
million restricted shares of Common Stock to RCA, which represents 89.6% of
the issued and outstanding shares of Common Stock in the capital of
Corumel.
Mr. Chris Roth, President of Corumel Minerals Corp was quoted as
saying, "We are pleased to have completed the acquisition with RCA
Resources Corporation and look forward to the implementation of our
business model as we are now moving from artisanal exploration to start
industrial open-pit exploration."
For more information on the acquisition and on Lobaye Gold SARL please
see Corumel's Form 8-K/A filed with the United States Securities & Exchange
Commission on April 6, 2006.
For information about Corumel Minerals Corp., please contact:

Mike McIntyre, Investor Relations Telephone: [phone]
Email: [e-mail]
This Press Release may contain, in addition to historical information,
forward-looking statements. These statements may address issues that
involve significant risks, uncertainties, estimates and assumptions made by
management. Actual results could differ materially from current projections
or implied results. Please refer to Corumel's filings with the Securities
and Exchange Commission for a summary of important factors that could
affect Corumel's forward-looking statements. Corumel undertakes no
obligation to revise these statements following the date of this press
release.


SOURCE Corumel Minerals Corp.

[arsenvolkov] 26/4/2006 09:40

ok, thanks! hopefully it will do no harm to shareprice!

[xbh91] 26/4/2006 08:36

"Hambledon's known resource, under the JORC code, is an open pit and underground estimate of 1.4 Moz of gold. In addition, there is a resource of 2.2 Moz silver. Adding extensions and newly acquired areas, the total amount of gold estimated on the licence area is now 3.5 Moz. The strip ratio for open pit mining is very low at 1.22:1 and a cash cost of $250/oz has been estimated.
A production rate of 30,000 oz/y gold is envisaged. The cost of developing the
open pit and a plant is estimated to be about $17 million."

Check out HMB before it's too late!
They've just acquired their mining license this morning!

DYOR on STI / ORM as well

[arsenvolkov] 26/4/2006 08:28

5 minutes? ))