Central African Gold Share Discussion Threads

[daytraders] 22/7/2009 18:53

least they keeping us informed

RNS Number : 1261W
Central African Gold PLC
22 July 2009

Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining

22 July 2009

Central African Gold Plc ("CAG" or the "Company")

Update re Preliminary Results / Annual Report and Accounts

Following the announcement made by the Company on 25 June 2009 (the "Announcement"), in which CAG stated its expectation that its Preliminary Results and Group Accounts for the year ended 31 December 2008 (together the "Results") would be published within four weeks of the date of the Announcement, the Board of Directors of CAG (the "Board") announces that a resolution of the technical issues identified in the Announcement is still being sought and the work to produce the Results is ongoing. Accordingly, the Company is continuing to work with its auditor, KPMG Audit Plc ("KPMG"), to seek a resolution to the technical issues and to finalise the Results.

As a result, the Board confirms that its shares remain temporarily suspended from trading on AIM pending publication of the Results.

A further update will be made in due course.

For further information please visit www.centralafricangold.com

[raginghippo] 09/7/2009 23:27

any ideas when this is back up and running?

[daytraders] 09/7/2009 23:23

well i have just read every page and word on there website, and it excites me actually especially there Operations and exploration section, i think this company could do very well for us in the future.

[daytraders] 01/7/2009 07:54

yeh they chouse to suspend themselfes, thats a good thing thou, happens alot with aim shares, they said they should be back in a few weeks, wonder how much there get for Malian ?

[jo0ls] 30/6/2009 16:44

There was an RNS:

Trading on AIM for the under-mentioned securities has been temporarily suspended from 25/06/2009 11:30am pending publication of its annual report and accounts.

[moni1] 30/6/2009 10:15

are they still trading, tried to sell with selftrade and cannt, not even 1000 shares

[daytraders] 22/6/2009 21:38

thx 5dally, alot of nice buys went through today.

[5dally] 22/6/2009 14:45

Key Dates
Central African Gold PLCForecast Key Dates Key Date Date Status



Next prelim announcement 08- Jul- 2009 E
Next annual report due 08- Jul- 2009 E
Next AGM 09- Aug- 2009 E
Next interim announcement 25- Sep- 2009 E


CAG's Chairman Roy Lander said, "We are pleased to announce the completion of the placing, the funds from which will ensure that CAG can meet its financial obligations to Investec Bank Limited. The placing will also, together with the funds anticipated to be received from the proposed disposal of our Malian gold exploration assets, provide the working capital necessary for the Company to enhance the value of our remaining gold assets in Zimbabwe and Botswana."


Maby some good news from Zimbabwe and Botswana who knows DYOR

[daytraders] 22/6/2009 12:22

wow buy just went through for 367,000+, i may buy in here, any news soon ?

[royalalbert] 08/5/2009 13:47

buying and selling at same price, strange.

[5dally] 08/5/2009 12:39

All sells (I think)showing again and the share price moves up ???? something afoot here me thinks

[raginghippo] 07/5/2009 12:08

This report indicates Gold & Silver miners are the best positions to hold short/medium term......





If you've been a precious metals investor for more than six months you've heard about the rampant price manipulation on COMEX. (COMEX sets the cash price for gold and silver through its daily futures and options trading activity.)

Many of us have been waiting for the illegal manipulation (run primarily by Bear Stearns until March 2008, then JPMorgan Chase since then) to end for over two years.

Adrian Douglas thinks it may be over in as little as 30 days.

At lemetropolecafe.com he writes (edited for length, link):

BIG MONEY MOVING INTO COMEX GOLD & SILVER CALL OPTIONS

In November 2005 when gold was trading about $450 I predicted the mega-move in gold up to $720/oz by noticing a very large build-up of call options in the HUI component shares. [link]

In August 2007 I identified a massive Gold call option build-up in the COMEX DEC 2007 contract and predicted a big gold move. [link] Gold was trading at $660/oz at the time and ran up to over $1000/oz by March 2008.

It just recently came to my attention from two different confidential sources that JPMorgan and Goldman Sachs have been buying large amounts of Calls in gold and silver. This made me put on my gumshoes and take a serious poke around the COMEX option open interest once again.

Figure 1 shows the cumulative Open Interest across all strike prices for the COMEX Gold Call positions and the Put positions for the JUN 09 options.


Figure 1

The ratio of Calls to Puts is 1.81 so Bulls outnumber Bears dramatically. What is also remarkable is the amount of open interest. For example, 100,000 contracts would be in-the-money if the gold price runs to $1,250/oz in the next 30 days. This is an astounding amount of option OI considering the open interest in all the futures contracts stands at only 345,000 contracts!

Let's take a look at Figure 2 which is for DEC 2009.


Figure 2

The bets by bulls outnumber those by the bears by a 2.3 to 1 ratio which is even more bullish than for JUN 2009. The Total Call option interest is 113,663 contracts which is very similar to JUN 09. Furthermore if gold is trading at around $1600 by DEC then 100,000 contracts will be in the money!

I consider option players highly sophisticated speculators.
Such large bets are likely being made by some large money interests who are buying out of the money options BEFORE going into the futures market. Buying long futures in large volumes will rapidly drive up the gold price but the massive open interest in the Call Options then allow access to much more futures contracts at the same price by exercising the options and then perhaps taking delivery of the gold. This is bolstered by sources revealing that JPM and GS are buying in quantity. So on the part of JPM this is likely a ploy to try to cover a chunk of their massive short position.

Let's now look at silver.
Figure 3 shows the cumulative Open Interest across all strike prices for the COMEX Silver Call positions and the Put positions for the JUL 09 options. The ratio of Calls to Puts is 1.80 so Bulls outnumber Bears by 80%. What is also remarkable is the amount of open interest. For example, 18,800 contracts would be in-the-money if the silver price runs to $25/oz in the next 60 days. This is an extraordinary amount of option OI considering the open interest in all the futures contracts stands at only 94,000 contracts!


Figure 3

Figure 4 shows the cumulative Open Interest across all strike prices for the COMEX Silver Call positions and the Put positions for the DEC 09 options. The ratio of Calls to Puts is 1.68 so Bulls outnumber Bears by 68%. Again the total Open Interest in Calls is high at almost 25,000 contracts when the Open Interest in all futures currently stands at 94,000 contracts.


Figure 4

I conclude that smart money is being placed for a massive rise in the gold price in the next 30 days and silver in the next 60 days (which probably means within 30 days for both metals) and again by December.

Only sophisticated traders tend to be in the precious metals option market so when there is a huge build up betting on a particular direction that is typically a directional indicator as I have shown was the case for the last two big moves in the precious metal bull.

The flat contango in gold and silver suggests there is a shortage developing of precious metals for delivery. We know that two large banks hold almost 100% of the commercial net short position. They need desperately to cover their exposure if the market is about to make a big move.

It looks as if that is precisely what is happening.

Adrian Douglas
April 29, 2009

[ayatollahassahola] 07/5/2009 07:29

"harmoye - 29 Apr'09 - 16:16 - 675 of 689

Amazing, these were 120p a share in April 2006 when gold was a fraction of todays price...crazy."


In April 2006 they also owned a gold mine. Now they own some stuff they can't get to in Zimbabwe and some mud in Botswana. GL.

[terrynutkin] 06/5/2009 13:06

Small tick up today.

[terrynutkin] 06/5/2009 08:50

Analysts on Bloomberg liking gold at the moment.

[pre] 05/5/2009 18:59

chart speaks for itself...enormous upside potential imo.....

[5dally] 05/5/2009 13:25

Seems to be lot's of sell's unless they are showing up wrong,,,,,very tight spread,,,,, makes me wonder mmmmm :-)

[topinfo] 05/5/2009 09:27

3 x 1,000,000 trades in a row???????????

[412069] 04/5/2009 20:23

Saffy, keep an eye on HML. You'll owe me a beer ok.

[pre] 01/5/2009 13:32

indeed...to think this has dropped from +50p.....crazy

[5dally] 01/5/2009 13:28

That would be very nice pre ;-)

[pre] 01/5/2009 13:21

....nice someone snapped up 1 million shares....this is another bombed out stock which could multi-bag several times over imo.

[topinfo] 30/4/2009 22:30

African stocks motoring, will we see 2.5p 2moro...I think so.!!!!