Eurogold Share Discussion Threads

[cezary] 08/7/2005 16:46

People still in the dark about this company.
Need a punt from RHPS or mention in Sunday newspapers to get this going.
Undervalued, so I am going to buy some more.

[phillis] 04/7/2005 16:49

Courtesy of grgkecer on the OXS BB - better here I think.

[hectorp] 01/7/2005 12:38

Hmm an assumption is made that they will mine it: and not build any gold-specific processing plant as they can process it in their (50% owned) Romanian plant..
this suggests a not so very expensive miningoperation and yet quite a good size of resource. I like the average grade of 8 gt too. Now - why almost no interst in buying today? How times seem to have changed from in favour to out of favour explorers. Thats wrong IMO.

[hectorp] 01/7/2005 12:36

Over a million oz resource at 8 g/t? thats rather good...

[cezary] 01/7/2005 08:29

Time to buy more!!

[phillis] 01/7/2005 07:53

Coming to the boil nicely

[chipperfrd] 01/7/2005 07:23

Good news today.

"The result of this review is an additional in situ resource estimate of 2.5
million tonnes of ore at a gold grade of 8 g/t containing 650,000 ounces of
gold.

This review suggests that the Saulyak resource may now be in excess of 1.2
million ounces. The downdip calculation has been done in accordance with
relevant guidelines provided by the JORC code."

[hectorp] 23/6/2005 12:46

Not a record high at Eurogold or OXS though.

[cezary] 17/6/2005 09:10

Australian shares close at record highs, propelled by resources sector

[phillis] 15/6/2005 12:14

OXS seem to be making their presence felt

[phillis] 14/6/2005 07:50

Mmmmmmm - major change in strategy

[phillis] 13/6/2005 22:51

Also holiday in Australia today

[chipperfrd] 13/6/2005 17:33

Thanks Phillis.

[phillis] 13/6/2005 14:42

Try tomorrow(or Tues opening in OZ)

[chipperfrd] 13/6/2005 09:39

Anyone had any joy reading this announcement on the asx? I have tried but there is nothing new there!!

This bit from the lse rns is interesting:

"New geological model indicates the potential for a significant increase in
resources at Saulyak gold project"

They indicated significant potential, and started drilling, about 6 months ago. I was hoping that the outcome would be favourable.

Would be good to see the grades etc!

[cezary] 13/6/2005 09:16

Oxus now 19.84% Holding in EUG

[shiningstar] 01/6/2005 01:22

cezary think they are, all good for the holders!

[cezary] 31/5/2005 09:54

I see more interest from Oxus Today.
Now hold about 20% of the stock.
Getting ready for a takeover??

[cezary] 05/5/2005 12:09

5 May 2005 ASX & AIM Symbol "EUG"


TRANSGOLD S.A.

Recent media reports have indicated that Transgold SA, the Romanian corporation
in which Eurogold Limited has a 50% interest, is the subject of a ruling from a
court in Hungary that the operations of Transgold SA at Baia Mare in Romania,
remain at their current level of 15% of plant capacity.

The Romanian State mining company, Remin SA, is the second largest shareholder
in Transgold SA with 45%.

This is a matter that has been before the Hungarian court for a period of 4
years and is ongoing.

Investigation into the nature of the ruling and its ultimate effect (if any) are
continuing but the information presently available to Eurogold Limited indicates
that the operations of Transgold SA continue to be governed by Romanian law not
Hungarian law.

Eurogold Limited is not aware of any steps by the Romanian authorities to alter,
in any way, the current operating parameters of Transgold SA which allow for the
processing of 2 million tonnes of material per annum.

It is our understanding therefore that this ruling is unenforceable in Romania,
however as a matter of due process the ruling will be appealed by Transgold SA.

Transgold SA and Eurogold Limited remain committed to high environmental
standards at their operations. Furthermore, the imminent treatment by Transgold
SA of the large Central tailings stockpile that has sat unprotected on the
outskirts of Baia Mare since historical mining in the 1970's is expected to
result in substantial environmental benefits for the town and downstream water
courses.

PETER GUNZBURG
Executive Chairman

[cezary] 29/4/2005 10:41

Once they get into full production then surely the Cash Costs will come down!

[chipperfrd] 29/4/2005 10:06

I agree. Cannot imagine things will be left as they are now that OXS has a big stake.

[cezary] 29/4/2005 10:00

Expect that to happen within next 3 months..maybe!!

[chipperfrd] 29/4/2005 09:59

I expect BT would accept the challenge ;=)

[cezary] 29/4/2005 09:53

If thats the case, this is a loss making company and any spike down in the Gold price will entail closing the company!!

[cezary] 29/4/2005 09:53

If thats the case, then a change of management is necessary maybe!!