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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Central A.G. | LSE:CAN | London | Ordinary Share | GB00B1YQTS12 | ORD 0.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 0.00 | 0.00% | 0.55 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 0.55 | GBX |
Central African Gold (CAN) Share Charts1 Year Central African Gold Chart |
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1 Month Central African Gold Chart |
Intraday Central African Gold Chart |
| Date | Time | Title | Posts |
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| 04/7/2020 | 00:46 | WHO ON ADVFN TRADES OR INVESTS IN CANADIAN STOCKS? | 8 |
| 15/12/2010 | 10:58 | Central African Gold | 1,001 |
| 25/1/2010 | 16:21 | A NEW BEGINNING | - |
| 18/8/2008 | 07:44 | massive volume | 13 |
| 27/12/2006 | 12:39 | CANadian Insider Reports | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 04/7/2020 00:46 by francis24 Yes,hold can.🙄 |
Posted at 25/11/2011 11:00 by wstirrup I'd like to see stocks from several sites listed/hosted...My interest over the last few years has been for minerals companies listed wherever they are, though I'm trying to stay away from chinese stocks unless they have UK/US/european auditors, and/or accountancy firms doing their books... From what I've been reading, you can no more trust their figures that I can read Chinese. (which I can't btw). I'd particularly like Aussie/Canadian/~NYS W. |
Posted at 21/10/2010 14:50 by andrbea CAN worth a punt IMOas 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. |
Posted at 21/10/2010 14:41 by andrbea 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. |
Posted at 08/10/2010 09:43 by andrbea another investment by New Dawn (Falgold)30.9.10 Problems for Falgold date back to 2008 when Fidelity Printers failed to honour its obligation for the gold delivered to them. This forced them to divert funds initially set aside for capital expenditure into working capital. The firm hopes the new major shareholder, New Dawn, which acquired the 88,7% shareholding of Central African Gold in Falgold mid June this year will revive the operations of the company. New Dawn, which is a Toronto listed mining company, is said to have the capabilities to access new capital and is expected to bring mining expertise into the company. Background: June 17 CAG, through its subsidiary, has interests in two separate Zimbabwe-operating gold mining companies. It owns an 84.7% interest in a Zimbabwe Stock Exchange listed Falcon Gold Zimbabwe (ZIM:FALGOLD) (Falgold), and the entire share capital of a private Zimbabwe company Olympus Gold Mines Ltd. Through these holdings, CAG has interests in several gold mining properties in Zimbabwe, the most significant properties being: the The Dalny Mine (Falgold); The Golden Quarry Mine (Falgold); The Venice Mine (Falgold); The Camperdown Mine (Olympus); and the The Old Nic Mine (Olympus). New Dawn Mining Corp (TSX:ND) has acquired an 89% controlling stake in Central African Gold (LON:CAN) (CAG), through deals with the company's three largest shareholders. |
Posted at 05/10/2010 10:12 by andrbea yes, but..look to the next 6 months.. it's all about where do we go from here: ND (New Dawn) have doubled their mkt cap in Toronto is just the last month. They have the financial muscle & existing infrastructure to get CAN's 2 mines producing at an industrial rate, generating revenue. and explore the properties, looking to expand the resource or drill deeper. Compared to the mothballed, fully owned mine of early 2010, I reckon the share price (albeit diluted) can do better with a city-liked operator (ND), with the ambition to get these mines back up to full production and more. All IMO ... |
Posted at 01/10/2010 09:10 by andrbea NEW Dawn, the company that has taken an 89 percent stake in Central African Gold, is embarking on a strategy in Zimbabwe that could see it become a 200 000 oz-a-year gold producer, says CEO Ian Saunders.The Canada-based company says it could also combine the two groups' assets and list them on the Zimbabwe Stock Exchange. Central Africa's Falcon Gold unit is already listed on the bourse. New Dawn, which made a hostile takeover of AIM-traded Central African in June, had advanced that company US$2m to restore production at Falcon on a "limited basis", Saunders said last week. Because the acquisition was hostile, no due diligence study was made of Central African's assets and New Dawn relied on publicly available information, he said. The company is now conducting a full strategic review of the assets in Zimbabwe and will complete the process next month to develop a three-phase plan. This entails stabilising Central African mines so they stop "bleeding", restoring the Falcon assets to production levels of about 2006 levels, and then entering a growth period, which will take into account what potential exists in the company and what can be consolidated in Zimbabwe, Saunders said. New Dawn reckons there are 20 fair-sized gold assets in Zimbabwe, owned by about a dozen companies. It is these it has its eye on, he said. "We have a specific plan to become a mid-tier gold producer in Zimbabwe, with production of between 200000oz and 250000oz ," he said. "We believe that in the next 18 to 24 months we'll be coming to the tail-end of our recovery phase, taking the Central African assets and sweating them, and get to around 50 000oz or 60 000 oz for a relatively low capital outlay," he said. Central African's Old Nic and Dalny mines had been taken out of care and maintenance and returned to production, New Dawn said last week. It wants to achieve 100000 oz within five years. New Dawn by itself is a 15 000 oz-a-year gold producer. A central roasting facility in Kwekwe to deal with refractory ore and operated by the government has closed down. Gold producers in Zimbabwe had set up a working group to find a solution, Saunders said. |
Posted at 30/9/2010 14:02 by bonsoir7 LOLthe 'takeover' was at 0.0029 that's about 80% less than the current price Daytraders - 17 Jun'10 - 10:53 - 833 of 913 well i got out ages ago at big loss here, so well done guys, but i find it strange that the 3 biggest shareholders sold there can shares at like 0.29p per share, like 300% cheaper than share price now, dont understand why these at this price tbh, but gl all. The Acquisition resulted in an effective price of Cdn$0.0044 or ₤0.0029 (based on Cdn$1.5026/₤ 1.00) for each ordinary share of CAG. |
Posted at 07/6/2010 18:05 by robson1974 Going ConcernFor the reasons given below, the Directors consider it appropriate to prepare the financial statements on the going concern basis, notwithstanding the circumstances described below. The Group sustained a loss in the year to 31 December 2009 of £9.5 million (2008: £26.5 million) and the Group had net current assets of £0.6 million (2008: £20.1 million net current liabilities). The Group's operating assets now consist entirely of five gold mines and extensive claim holdings in Zimbabwe; two of these mines are operating at a low level, but are remain loss making, with the rest being on care and maintenance. The mines require significant development and capital investment in order to become operational and cash generative. While the situation in Zimbabwe remains challenging, the Directors are now cautiously optimistic about the recovery prospects for the mining sector, as a result of the formation of a government of national unity, substitution of the US Dollar for the Zimbabwe Dollar, and the Monetary Policy Statement issued in February 2009. The Group has limited cash and debt facilities, which will only be sufficient to allow the Group to trade as a going concern, that is, for at least 12 months from the date of approval of these financial statements, if significant cost reductions are achieved. The Group's overall viability is dependent upon it being able to raise new funding in order to enhance the value of the Zimbabwean assets. In terms of strengthening its current liquidity position, the Directors have taken the following actions: · Operating costs have been reduced, and which management expects to reduce these even further. · Concluded the disposal of its Malian assets, receiving US$3.4 million (£2.3 million) in March 2010. A final instalment of US$1.0 million (£0.6 million) is contingent on reserves determination prior to March 2012. · Deferring repayment of shareholder loans totalling US$4.6 million (£2.9 million) at year end and convertible loan notes totalling US$1.25 million (£0.7 million) at year end, until April 2012. · Shareholder loans totalling £0.6 million (US$1.0 million) raised subsequent to year end have been deferred to April 2012. Consequently, the Group has no significant debt repayment obligations before April 2012. At 30 May 2010, the Group's holds £1.2 million cash, which at current spending would be consumed by the end of November 2010. If significant cost savings cannot be achieved, and the Company were to run out of cash, the Company would request further funding from its shareholders. If the support of the shareholders is not forthcoming then the business would have a cash shortfall and would face being wound up. The Directors are currently seeking financial and other arrangements to take forward the development of the Zimbabwean assets onto a commercial and profitable production basis. As reported in December 2009, the new arrangement may be through a joint arrangement, new equity invested in the Company, exchanging some or all of the Zimbabwean assets for an equity stake in any acquiring company or through outright acquisition of the Company itself. Accordingly, the Directors are of the view that there is a realistic alternative to an outright sale of the assets themselves, and a consequent cessation of trading by the Group. Although discussions with interested parties have advanced since December, there can be no certainty that a suitable arrangement will be effected. |
Posted at 21/12/2009 08:46 by daytraders good rns considering.RNS Number : 4486E Central African Gold PLC 21 December 2009 Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining 21 December 2009 Central African Gold Plc ('CAG' or 'the Company') Corporate Update The Board of directors of Central African Gold Plc, the AIM quoted gold mining and exploration company, ('the Board') is pleased to provide a corporate update on recent developments including, inter alia, the disposal of its Malian assets, an extension to its existing convertible loan notes and the issue of new convertible loan notes and the expected release of its financial results. Highlights Agreement to dispose of CAG's Malian assets to Colonial Resources Limited ('Colonial Resources') for a total consideration of up to US$5.0m Extension of the repayment deadline applicable to the Convertible Loan Agreements (as defined in the circular to shareholders dated 27 March 2009) to 29 April 2011 New convertible loan notes issued, raising US$1.25 million (approximately £774,469) Financial results to be published on or before 25 December 2009 General Meeting and Annual General Meeting ('AGM') to be convened shortly CAG's acting Chairman and CEO Roy Pitchford said, "As all shareholders will be aware, 2009 has been particularly challenging for the Company. The Board has worked hard to ensure that the business has adequate funding in order to continue to operate its Zimbabwean gold mining operations and the Board believes that today's news represents a significant step forward in securing this objective. "The funds raised by the sale of CAG's Malian assets, together with the new funds injected into the business by Investec Asset Management, Emerging Capital Partners and HBD Zim Investments, and the deferral of our obligations under the existing convertible loan agreements gives the Company the opportunity to develop its remaining assets and generate shareholder value. "The Board would also like to take this opportunity to reiterate its contrition to all of the Company's stakeholders following the accounting difficulties that have so significantly delayed the release of the 2008 annual results and the 2009 interim results (together 'the Financial Reports') and undertakes to do all in its power to prevent such a situation occurring again. Nevertheless, whilst it remains the Board's belief that both sets of results will be announced shortly, the Board notes that should the Company not publish its Financial Reports by 25 December 2009, it may be mandatorily delisted pursuant to Rule 41 of the AIM Rules." Malian Assets Disposal The Company has today entered into a binding agreement to dispose of (i) its 80 per cent. equity interest in Mali Goldfields SARL, together with all net claims on loan account of the Company or any of its subsidiaries against Mali Goldfields SARL and (ii) its 80 per cent equity interest in Songhoï Resources SARL together with all net claims on loan account of the Company or any of its subsidiaries against Songhoï Resources SARL (together 'the Malian Assets') ('the Disposal') to Colonial Resources ('the Agreement') for a total consideration of up to US$5.0 million ('the Consideration'). As at 31 December 2008, the Malian Assets, which are early stage gold exploration assets, consisting, at 30 November 2009, of 18 prospective permits spanning circa 1,883km² located within the Kedougou-Kenieba window, a major Lower Proterozoic Birimian outlier on the north east margin of the West African Shield, were recorded as having a book value of £4.4 million, as at the year ended 31 December 2008, and profits of £749,000, for the year ended 31 December 2008 (of which most is attributable to gains on foreign exchange transactions). The Consideration is made up of an initial non-refundable payment of US$0.6 million in cash, which is to be paid within 2 business days of the signing of the Agreement; a further US$3.4 million payable in cash to the Company on completion of the Disposal ('Completion') ('the Completion Payment'); and a further US$1.0 million contingent payment, which will only be payable to the Company in cash upon the achievement of a JORC compliant Indicated or Measured Resource of collectively at least 500,000 ounces gold in respect of the areas covered by the licences granted to each of Songhoï Resources SARL and Mali Goldfields SARL ('the JORC Payment'). Completion must occur on or before 3 March 2010 and is subject to, inter alia, CAG and Colonial Resources shareholder approval, and the completion of a capital raising by Colonial Resources to raise sufficient funds to satisfy the Completion Payment and the JORC Payment (if payable) and to seek shareholder approval for the necessary issue of equity. A Circular containing notice of the General Meeting to approve, inter alia the Disposal and associated matters, will be sent to CAG shareholders shortly. CAG will use the Consideration, as it is received, to satisfy its general working capital requirements, to meet certain creditor balances that will fall due on Completion and to develop its Zimbabwean gold assets. Convertible Loan Agreements Investec Asset Management (Pty) Limited ('IAM') and ECP have agreed to extend the terms of the loans made available to the Company, as described in the circular sent to shareholders on 27 March 2009, amounting to US$2.2 million and US$1.8 million respectively. These loans now have a new maturity date of 29 April 2011 (extended from the earlier date of 14 April 2010 or within five days of the receipt of funds by the Company from the sale of its entire shareholding in Mali Goldfields SARL and Songhoï Resources SARL). Additionally, CAG has entered into new Convertible Loan Agreements ('the New ECP and IAM Convertible Loan Agreements') with ECP and IAM, (together, 'the Lenders') and a new Convertible Loan Agreement (the 'New HBD Loan Agreement') with HBD Zim Investments Limited ('HBD'). The New ECP and IAM Convertible Loan Agreements and the New HBD Loan Agreement together total circa US$1.25 million (approximately £774,469) and amount to US$397,267 from HBD (approximately £246,168), US$705,070 from ECP (approximately £436,900) and US$147,662 from IAM (approximately £91,499). All loan amounts used the rate of exchange prevailing on the date of the New ECP and IAM Convertible Loan Agreement or the New HBD Loan Agreement, as relevant. The funds received by the Company under the New ECP and IAM Convertible Loan Agreements and the New HBD Loan Agreement incur interest at 10 per cent. per annum, compounded monthly in arrears with the full amount payable on the maturity date, 29 April 2011. There is no penalty for early repayment of the New ECP and IAM Convertible Loan Agreement or the New HBD Loan Agreement. The terms of the New ECP and IAM Convertible Loan Agreements provide that the Lenders have the right to convert all or part only, of the loans at the conversion price of the lesser of 0.9 pence per ordinary share and ten per cent. below the USD equivalent of any price at which the Company issues shares while monies are still payable to the relevant Lender under the terms of the New Convertible Loan Agreement. Under the terms of the New ECP and IAM Convertible Loan Agreements each of the Lenders acknowledge that the Company currently does not have the capacity to issue the full number of shares issuable should they wish to convert the loans and that, should the Company not receive the required shareholders approval needed to create and issue all of the shares issuable on conversion, the Lenders shall only be able to exercise their conversion rights to the extent that the Company has the relevant authorities to issue and allot such shares at that time. The terms of the New HBD Loan Agreement provide that HBD has the right to convert all, and not part only, of the loans at the conversion price of 0.9 pence per ordinary share. Under the terms of the New HBD Loan Agreement, HBD acknowledges that the Company currently does not have the capacity to issue the full number of shares issuable should HBD wish to convert the loans and that, should the Company not receive the required shareholders approval needed to create and issue all of the shares issuable on conversion, HBD shall only be able to exercise its conversion rights to the extent that the Company has the relevant authorities to issue and allot such shares at that time. As IAM, ECP and HBD are substantial shareholders in the Company, the New ECP and IAM Convertible Loan Agreements and the New HBD Loan Agreement are classified as related party transactions in accordance with the AIM Rules. Accordingly, the independent directors, being Roy Pitchford and Craig Campbell, having consulted with Strand Hanson Limited, the Company's nominated adviser, consider the terms of the New ECP and IAM Convertible Loan Agreements and the New HBD Loan Agreement to be fair and reasonable insofar as the Company's Shareholders are concerned. In providing its advice, Strand Hanson Limited has taken into account the independent directors' commercial assessments. Financial Reports and AGM The Company is continuing to work with its auditor, KPMG Audit Plc, to finalise the Company's annual report and accounts for the year ended 31 December 2008 and the Interim Results for the six months ended 30 June 2009 and expect these will be published before 25 December 2009, the deadline set by AIM Rule 19. The Board notes that should the Company not publish its Financial Reports by 25 December 2009, it may be mandatorily delisted pursuant to Rule 41 of the AIM Rules. Once the Financial Reports are published, the Board anticipates that trading in the Company's shares on the AIM market of the London Stock Exchange will recommence. Accordingly, a date for the AGM will be set once the Financial Reports are finalised by the Company and its auditors. * * ENDS * * For further information please visit www.centralafricango Roy Pitchford / Craig Campbell Central African Gold Plc Tel: +44(0)77 9390 9985 Tel: +27(0)11 317 3654 Stuart Faulkner/ James Spinney Strand Partners Limited Tel: +44(0)20 7409 3494 Hugo de Salis / Felicity Edwards St Brides Media and Finance Ltd Tel: +44(0)20 7236 1177 Panico Theocharides / Sarah Williams Capital Hill Corporate Finance (Pty) Ltd Tel: +27(0)11 282 2360 Alan Campbell Alec Pismiris Colonial Resources Limited Tel: +61 406 244 687 Tel: +61 8 9481 8760 Notes to Editors Central African Gold Plc is an established gold mining company with a portfolio of production and exploration assets in Africa. The Company has two subsidiaries in Zimbabwe: Falcon Gold Zimbabwe Limited (84.7 per cent. owned) and Olympus Gold Mines Limited (100 per cent. owned); and a subsidiary in southern Botswana with a licence covering 436km² of the extension of the Kraaipan greenstone belt from South Africa. This information is provided by RNS The company news service from the London Stock Exchange END |
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