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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
European Gold | LSE:EGU | London | Ordinary Share | CA2987741006 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 807.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
15/7/2011 09:32 | Part of todays update below" (that's a lot of gold!) Corporate Update TIDMEGU RNS Number : 4505K European Goldfields Ltd 15 July 2011 Suite 200, Financial Plaza 204 Lambert Street Whitehorse, Yukon Canada Y1A 3T2 For Immediate Release Resources and Reserves Updated Economics Confirmed Chief Operating Officer Appointed Goldman Sachs Appointed 15 July 2011 - European Goldfields Limited (AIM: EGU / TSX: EGU) ("European Goldfields" or "the Company") is pleased to make the following announcements now that the Environmental Impact Study ("EIS") submitted by the Company's 95% owned subsidiary Hellas Gold S.A, has received the approval of the Ministry of Environment, Energy and Climate Change ("MOE"): -- The Company has completed an update to its Resource and Reserve Statement ("NI 43-101") for the Skouries and Olympias projects to reflect the current environment for costs and commodity prices, to account for the timing in the receipt of the permit and the implementation of the Business Development Plan approved under the EIS. The key elements of the update for the Greek assets are as follows: - A net increase in the total Skouries and Olympias Measured and Indicated Mineral Resources (over previously filed NI 43-101 report) to 9.6 million ounces of gold and 1,205kt of copper. In addition there is a newly declared Inferred Resource of 828,000 ounces of gold and 288,000t of copper at Skouries; - This update increases the Company's total Measured and Indicated Resources inclusive of Reserves to 23.8 million gold equivalent ounces and attributable Proven and Probable Reserves to 18.1 million gold equivalent ounces; - Projected total initial capital expenditures to primary gold production of US$300 million for Skouries and US$165 million for Olympias; - Forecast combined average life of mine cash operating costs in the lowest quartile globally at US$350-US$400/oz. -- David Cather has been appointed as Chief Operating Officer with immediate effect. Mr. Cather has a 25 year track record in the mining industry and previously worked for De Beers and Anglo American. -- Goldman Sachs International has been appointed to assist in the evaluation of a potential move from AIM to the Main Market of the London Stock Exchange. Lazard & Co., Limited will also provide financial advice in connection with such evaluation. Commenting on the announcements, Martyn Konig, Executive Chairman & President, noted: "We are delighted to have received approval of our EIS from the MOE following the comprehensive review and public consultation process in Greece. The importance of this approval cannot be overstated and we are extremely grateful to our Greek colleagues at Hellas Gold, for their huge and tireless efforts throughout this lengthy and rigorous process. It allows us to progress towards our goal of becoming the largest primary gold producer in Europe... | bangor | |
15/7/2011 08:12 | -- Goldman Sachs International has been appointed to assist in the evaluation of a potential move from AIM to the Main Market of the London Stock Exchange. Lazard & Co., Limited will also provide financial advice in connection with such evaluation. AT LAST AND QUITE RIGHTLY SO. ----- FILL YOUR BOOTS!!!!! | tamboerskloof | |
15/7/2011 08:10 | Grabbed some! | manics | |
15/7/2011 08:06 | Not sure why the price dropped back this morning but this fantastic news. A likely move to main market, brilliant! And a resource upgrade! Double brilliant! | nermil | |
14/7/2011 12:40 | I believe EGU are also going to issue an updated resource study that was on hold until the EIS was authorised We will see! | gdennett | |
14/7/2011 10:40 | Look at the volume today in London. 500 k when i alst checked. I am unclear how long it takes the bankers to put a deal together but i would guess it wont take more than a couple of weeks? Either way the the acquirer will not want them to get near production as the cost would be too prohibitive. Next stop 1300p!! | maxim1999 | |
14/7/2011 09:40 | Excellent post Max ---- thanks for that--- Tam. | tamboerskloof | |
13/7/2011 18:14 | I hope you're right Max, for next stop as I'm down £00,000's at the moment, very happy to hold for the long term --- I have no choice at the moment. | tamboerskloof | |
13/7/2011 14:17 | I think you have to delist in Canada before you go into the AllShare , so I suepct it gets taken out before that happens Next stop 1200p!! | maxim1999 | |
13/7/2011 01:41 | It's on AIM! | rambutan2 | |
12/7/2011 16:06 | This stock should be in the FTSE 250/350 any ideas if it will get promoted, FTSE 100 would be ideal. | tamboerskloof | |
12/7/2011 15:28 | UBS Cuts price target to 1095p from 1200p for EGU. Great timing. I just bought in here. Has anyone come across the full note? As of June 16th they were still pushing this share. I've no idea why they have become so bearish now. | nermil | |
12/7/2011 12:51 | The recovery seems to come to an abrupt halt for now. Maybe EGU should consider removing 'European' from its title and then we might see it carry on climbing :-0 | nermil | |
11/7/2011 11:14 | Thwn we have Romania and Turkey permits to follow | seagreen | |
11/7/2011 08:16 | Next stop 1200p. The bid rumours have strated in the FT over the w/e. The management are all bankers now and no geologists, its just a trade for them now. A drilling update must be due soon. | maxim1999 | |
08/7/2011 14:57 | The fact that Canada hasnt pushed the price is interesting, mayb £9.20 in London will be a short term high, various valuations vary from £13.00 to £16.00. | holism | |
08/7/2011 14:02 | Good point, but my guess is that you cant increase a tax on something until the co have the built the plant and they have gone into production in case the co decide there is no point in going ahead. so there is plenty of time for corporate activity!!!! Thye need the jobs, investment , PR etc. The press will be full of this permits for the next few weeks as this is the biggest CAPEX project outstanding in Greece from a foreigner. Why dilute the message with negative tax news? Next stop 1200p. | maxim1999 | |
08/7/2011 13:38 | the sucker punch of course will be a gold super tax by stavros | denarii | |
08/7/2011 12:38 | Merrill put out a note yesterday saying the stock is worth 1300p, which is 1x NAV. This stock has a good chance of being bid and this will be 1500p+. Canada will drive London listing higher this afternoon. | maxim1999 | |
08/7/2011 12:31 | Official... GREEK EIS APPROVED BY MINISTRY OF ENVIRONMENT Share this article TIDMEGU RNS Number : 0647K European Goldfields Ltd 08 July 2011 Suite 200, Financial Plaza 204 Lambert Street Whitehorse, Yukon Canada Y1A 3T2 GREEK EIS APPROVED BY MINISTRY OF ENVIRONMENT 8th July 2011 - European Goldfields Limited (AIM: EGU / TSX: EGU) ("European Goldfields" or the "Company") is pleased to announce that: Confirming the press release issued today by the Ministry of Environment Energy and Climate Change ("MOE"), Mr. Giorgos Papakonstantinou in his capacity as Minister of the MOE has today approved the Environmental Impact Study ("EIS") submitted by the Company's 95%-owned subsidiary Hellas Gold SA for the development of the Company's Greek assets (the "Project"). The Project consists of: . Continuation of operations at the Mavres Petres deposit of the Stratoni Mine; . The next stages of the Olympias project, namely the mining and processing of ore and metallurgical treatment of the concentrate; C. The development of mining and processing at the Skouries project; and D. The expansion of the port facilities at Stratoni in service of the above projects' operations. The press release issued by the MOE can be accessed on the Ministry's website: | rambutan2 |
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