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Crucial Plan Share Discussion Threads
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|Belated thanks Combo.
Price has picked up in line with general market, although Stockhouse CPN posters contain very mixed opinions, particularly relating to management.
Any further comment appreciated.
sage of suffolk
|Hi Sage, glad you got out of PGD at 39p! Had a quick look at Carp and looks undervalued relative to its peers on a $/oz metric as you pointed out. The company-maker seems to be its Romanian Rovina Valley Project -- it's low grade gold but the bonus Cu (about 40% of the deposit on an AuEq basis) helps mitigate some of the risk there. They appear to have secured the CAPEX to develop RDM to the production stage, and assuming all that remains on time and budget, revenues from Brazil should help fund development of RVP (although I couldn't find a CAPEX for RVP). The fact that Barrick invested is obviously a reassuring vote of confidence also. I'm assuming the infrastructural challenges at RVP (water, electricity, etc.) are not insurmountable. Assuming they meet their targets of +400k oz AuEq pa in 2016, and RDM remains profitable until then, seems like a good long-term (4+ year) investment. all imho|
|Deffo - one of the cheapest exploration plays out there. Just wait for EGu and GBU to get the green light and we have poential 300% + upside on this stock.|
the original goldbug
Any thoughts Energi?
sage of suffolk
|How did you get your CPN shares. I got mine through Jupiter CR ('Daniel Ruben')and something called MAI Holdings in Sept 07 both of which have since disappears and are being investigated by the fraud squad. I would like to have any ideas as to how Jupiter had the shaes to sell as I am convinced there is a trail between them and Crucial Plan and/or various Crucial Plan directors or advisers. Someone there knows about this for sure.|
|The entire sequence of events since about 2007 with a complete change of directors followed by by a dizzying sequence of further resignations and further appointments of directors whose names occur time and again in connection with not only ruined AIM companies but other larger scale coincidences - some of which do seem to have triggered investigations; eg Ytzchak Sopher has been linked with various frauds/scams in the US. Connections with Minmet directorships look more than strange as does the guaranteed payment of £50000 to Zeus Capital in 2007 consequnt to intend share offering; directors of Zeus == the same as Crucial Plan at that time. Have FSA been asked to investigate and refused or merely not been asked ????|
|Romanian risk turns a corner
Chris Cann in London, 25 May 2009
THE NAME Gabriel Resources has become synonymous with Romania's temperamental stance on mining but a change in government and the progress of fellow Romanian explorer European Goldfields could have investors revisiting the gold-silver story. These developments have also buoyed Carpathian Gold, which is just setting out in pursuit of the vast and growing riches within its Rovina gold-copper project.
Gabriel may already have too many wounds to ever be called a success story. The company has been entangled in a long-running battle to overcome legal and social barriers in its bid to start mining the Rosia Montana deposit (7.94 million ounce gold and 28.9Moz silver). Domestic and international groups have fought against the development to protect local homes and the environment, which they argue would be irreparably damaged by the planned cyanide leaching process.
The use of cyanide by Western miners has been a sticking point since an incident nine years ago in which a tailings dam belonging to Australian company Esmerelda Exploration failed, releasing cyanide and metals into the Danube river system in what was described by some as the worst environmental disaster since Chernobyl.
The scepticism is understandable. However, some explorers would argue that some politicians treat mining permits as an opportunity to score political points rather than assessing them on environmental merit. Gabriel would consider Rosia Montana to fit into this category, though with a deposit lying underneath a village and fundamental tailings challenges it was always going to be a candidate for controversy.
Though slightly behind original timelines, EGoldfields is motoring along at its Certej gold-silver development in comparison to Gabriel. The technical feasibility study for a three million tonnes per annum, 160,000oz gold and 820,000oz silver operation was approved by the National Agency for Mineral Resources in September 2008 and public approvals were expected by the end of this quarter. This leaves just the Environmental Impact Statement to be signed off.
Looking at the experiences of its Romanian compatriot, this last permitting hurdle has the potential to have EGoldfields biting its nails. But there are three fundamental differences between Rosia Montana and Certej. First, Certej will use a more environmentally friendly and lower cyanide intensive processing solution (the Albion process); secondly, it has always enjoyed local support; and thirdly, a coalition government was installed in December last year, which has banished the Social Democrats and with them the obstinate Environment Minister.
. . .
Meanwhile, Carpathian has only just moved into the feasibility phase for its 10.75 million gold equivalent ounces at Rovina. It is running the numbers on a 40,000t per day operation producing 87,000tpa of concentrate for 16 years.
The Toronto-listed company has been keenly watching the developments in Romanian politics as they apply expressly to Gabriel and Egoldfields it should be encouraged.
Not only will Carpathian present its permitting submissions to fresh sets of eyes within the resources and environmental agencies, but Rovina also plans to use flotation as opposed to cyanide to liberate its metal, which will no doubt please Romania's hyperactive kennel of NGOs. According to a research note published by Canaccord Adams following a site visit to Rovina early this month, the combination of these factors will make the road forward for Carpathian far less treacherous than one would have originally thought. Presumably, it also strengthens the case for
any other would-be Romanian resources investors.
"With the permitting problems of Gabriel Resources' Rosia Montana gold project, Romania has been viewed as undesirable by most mining investors," the note said. "Most of the problem, however, may be placed at the feet of the Minister of Environment of a former government and vociferous foreign NGO opposition.
"Election of a new government and an apparently more practical Minister of Environment suggest that the Certej goldsilver project of EGoldfields may see full permitting by the end of 2009. This could give encouragement to Gabriel
shareholders and reduce the sovereign risk associated with Carpathian as well."
The bank noted that Romania's need to borrow $US15 billion to meet its budgetary needs may also have contributed to its new-found pragmatism.
RBC Capital Markets mining analyst Cailey Barker described the turnaround for Gabriel as "massive", saying investors had viewed the company as a "dead story" until recently.
|This seems to be another one that the AIM regulators should look into but fail in their duty to small stakeholders ras.|
|Interesting how certain names appear on the list of Directors of companies which have been suspended from AIM, ct. In some cases a double or even triple act which destroys shareholder value. The combination of John Liwosz and Mike Neville appears to be a particularly potent one in this respect.|
|I expect the FSA will be taking a serious look into what has occure now that MNT has suffered a public sensure.
Mr Mike Neville does appear to be linked with numerous companies and persons, that have rendered investors stakes next to worthless.
Any company that has him on the board would seem not to worry about his poor luck or success, other than his own it would seem, after the sort of bonus he walked away with when he departed from MNT on the last occassion.|
|Looks like either a dead donkey or a shell. Does anyone here hold the shares?|
|SUBJECT: RE: NEWS OUT!!!!!!!!!!!!!!!! Posted By: mooseslayer
Post Time: 11/14/2006 09:27
I like several things in this release.
Four drills are turning and will do so until mid-dec and start up again in mid-jan.
I like that they are " are still on
schedule to complete an initial 43-101 compliant resource in early 2007."
The following shows what this is all about...suface to 500+m mineralization...a big open-pit bulk mineable operation being proved up and getting bigger with every hole. Keep drilling...
"Ten delineation drill holes have been completed at the Rovina porphyry
and currently define a gold + copper mineralized area measuring up to 350 m
wide in a northeast-southwest direction and 500 m in a northwest-southeast
direction, essentially from surface to a depth of +500 m. Present data
suggests that the mineralization is closed to the northwest and open in all
other directions and that the mineralization may be distributed into two
bodies (Main Body and South Body) that may join at depth. The entire limits of
this deposit have not yet been defined."|
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