Gippsland Share Discussion Threads

[chipperfrd] 08/8/2009 15:48

robjm66,

I have no idea who the 'blue chip' company could be. There are quite a few large producers who could fit the bill. There is a round of new licenses up for bids so I guess it is one of the outfits likely to be successful in their bid for licenses.

Centamin has clearly shown the potential in the Eastern desert so not surprising that others will now attempt to duplicate their success.

The new mining laws have been awaited for quite a while now. I have no idea when they may finally appear.

[robjm66] 07/8/2009 19:25

Think he can walk the walk one of my few worries with him is that he may be too busy being successful with Alkane and Alliance resources to give Gip enough attention. However he is used to working with John Dunlop and is fully on board now so we should not be forgotten.

Do not take to much attention of the German price but it would be nice if it broke through the six cent barrier and stayed a lot higher.

Robert

[shadowchaser] 07/8/2009 14:09

GIP-This stock keeps trying to break through the 6 cents level on the Australian exchange..

Let's just hope this Gandel chap has the best interests of the C0. in mind and doesn't dump his stock.

Moreover ,can he walk the walk????

SC

[robjm66] 06/8/2009 18:36

Gandel did get his shares too cheaply but at least Gip has a sharp cookie behind it now, doubt many get the better of him and he is having a lot of succes with his other investments at the moment.

Chipperfrd did you have any idea who the blue Chip company could be that is looking to explore in southern Egypt? Asking you as i know you have a investment in Centamin as well. Do you think we could be looking at new mining laws this summer there?

Robert

[chipperfrd] 06/8/2009 13:56

SC,

I agree, little point dwelling on the 'WHAT IF's'. Luckily, I am doing pretty well elsewhere, but with such an excellent project potential at AD it really pains me when these 'sharp cookies' were able to scoop up significant potential assets for peanuts!

It has happened all over the place so GIP is far from being the only casualty of the financial disaster caused by the Western Banks. In many respects I have gained considerably from the outcome of the crash myself. But I am finding that small comfort when I look at how it has driven so many cash-strapped minnows into the wall.
Chip

[chipperfrd] 06/8/2009 13:00

I note that Mark Parker of African Eagle spotted a bit of EU legislation that allowed companies to make an open offer for up to E2.5m without needing to go to the expense of a full prospectus. So against the advice of his broker, et al, (surprise, surprise!) he went ahead and did it - the first to do so on the AIM.

What a pity that GIP did not spot this avenue for a cheap way to raise cash from their existing shareholders and instead have had to fall into the arms of an entrepreneur with a cheap 80m shares at a miserly 1c.

But such is life. I don't suppose E2.5m would have made a terrific difference but it would sure have lasted a whole lot longer than the £400k from Gandel.

[robjm66] 06/8/2009 01:21

In a statement Cookson noted that "since late March, electronic materials end-markets (nearly two-thirds of revenue) have progressively improved as the customer de-stocking phase appears to be largely over and end-demand recovers. Industrial and automotive markets (one-third of revenue) have continued to be weak throughout the first half. The division traded around breakeven in January and February, but recorded an increasing month-on-month trend thereafter, both as a result of the improvement in electronics end-markets, but also due to the increasing benefit of the cost-reduction programmes."


"The London Metal Exchange is satisfied with its current lending guidelines for dominant position holders and has no plans to identify speculative market participants even as tin spreads widened dramatically again, Metal Bulletin reports."

Robert

[robjm66] 05/8/2009 10:04

Guess someone else thinks there is Gold in the south of Egypt. Wonder who they are?

Robert



Seems Noventa want another try guess it is encouraging for gip that they are still interested in the Tantalum market but i would still be surpised if they get off the ground again.

Robert

[shadowchaser] 04/8/2009 18:54

GIP-So much for all the anxiety makers , girls.

IMO this stock will eventually make us all some serious MONEY!

Lol!

-SC

[pabloscaramanga] 04/8/2009 17:16

apparently you can trade with natweststockbrokers also

[leapinn] 04/8/2009 16:49

TDW have transferred my GIP shares to the ASX tradeable section also.

[pabloscaramanga] 04/8/2009 16:46

well up to 3p UK money now. doubel this and i may get my money back!

[robjm66] 04/8/2009 12:22

Copy of post hotcopper

Well guess i could be making myself as popular as a British swine flue tourist in China with these Grow Dubbo posts but...







"Alkane Resources managing director Ian Chalmers says Grow Dubbo is not acting on his company's behalf and nor has he asked it to, despite Alkane featuring on Grow Dubbo's business activities list.

Mr Chalmers yesterday refuted items in a Grow Dubbo report to Dubbo City Council in April, which is available on the council website.

Those items in the period April 2008 - March 2009 said Grow Dubbo was currently working on "HR (human resources) needs, training of local people, rail links etc" for "Alkane Mining" in the 2010/2011 year, with the potential for "60 plus new jobs".

A "surprised" Mr Chalmers heard of Grow Dubbo's activities regarding Alkane Resources yesterday after he submitted a letter to the editor in response to a story in Monday's Daily Liberal."

Do not see this issue just going away think Alkane and Gandel and Dunlop should cut all links with Grow Dubbo's as they do not want to be caught in the fall out.

Still do not see any evidence that Alkane or anyone there has done anything wrong but sometimes the perception can do more damage than the facts.

Robert

[robjm66] 04/8/2009 11:59

Copy of post hotcopper


starck looked at tantalum deposits globally...
..And at the end came back to talking to Gip.



Going to speculate slightly here (gasp shock horror) H C Starck funded Dr Borg a expert on deposit research to do a global assessment on tantalum and niobium. In the time period 15-09-08 to 28-02-09 when they may have been considering if they could find any good clean sources of tantalum supply as good or as advanced as Gip's.

Well it looks to me that Starck is back talking to Gip, guess Commerce must be really disappointed having tantalum and niobium Lol.

This was no dry academic study Bergler has found out that the results are likely to be confidential for five years obviously the have commercial implications. Sounds like Prof Dr. Gregor Borg trawled the internet and came to the same conclusion as a lot of Gip investors. so Starck and Gip eventually picked up where they left off.

Starck are not just picking a name out of a hat they have contacts with the German Government and have been invovled with a pilot programme to cerity Tantalum.

Also there was this piece sometime back that showed they were probably looking at the supply chains carefully.

From domum


Here we are Rob.

They dont want much do they!!!

---------------------------------------------------------
We are an international company of the chemical-metallurgical industry with locations in Europe, North America and Asia. H.C. Starck develops tailor-made product and material in the field of Refraktärmetallen hochleistungskeramik, electronics and chemicals. Worldwide, approximately 3,200 employees

For the area SCM at our location in Goslar we are looking for a/s

Global Supply Chain Manager/in

Their Tasks

* The setting of targets and control of the global Working capitals as well as the responsibility of the planning and budgeting within these objectives

* Operational Planning: Controlling and optimization of the entire S & OP-Process, including control of raw materials and optimization of the material flows within the Group

* Analysis of the Working Capital-Status (inventories), commenting the results and advice on necessary measures

* Definition, implementation and control of a KPIS-system for the supply chain in cooperation with the head SCM


Your profile

* A completed managerial studies with the priorities Controlling or logistics

* One of the Position appropriate international experience in SCM

* Know-how in the field sales and Operational Planning (S & OP)

* Knowledge of chains in the chemical industry or the management of Working Capital

* Intelligence in the field of Refraktärmetalle(refractory metals imo) desirable

* Communication skills in german and english

* Trained dealing with MS Office

The opportunity.

They can be found in this description again and are motivated to contribute to our success to perform? Then you apply please prefers E-Mail.

Personal demands or their direct application should be directed to:

H.C. Starck GmbH
Frau Wiebke Bohnsack
HR Business Partner
T: [phone]

[e-mail]
www.hcstarck.com

Going to stick my neck out a mile now and say that i think H C Starck will do the deal with Gip and it is just a matter of time (do not ask me how much though!). After all they have really looked at the whole tantalum issue it supply chain and now a back talking to Gip about a new offtake if Gip were not a good bet i would think they would be talking to someone else by now.

Robert

[robjm66] 01/8/2009 21:49

Seems Gandel's Alkane resources has run into some controversy.











Robert

[robjm66] 01/8/2009 15:08

Do not usually post up the dodgy trade leads i come across for tantalum or tantalite but this one is a classic.

"We are a trading company operating out of Uganda, selling tantalite which we source directly from miners in Northern DRC. Unlike most other suppliers of this metal, we are totally uncorrupted – we do not have anything to do with exploitation of workers, government corruption, scamming middlemen and the host of other evil practices which makes your business as a buyer of product both dangerous and financially unviable.

Our tantalite is high quality and we pay workers a good wage. In addition we run our own transport, with our own staff from mines to warehouse – where we meet them. We have chosen our assayers and warehouse.

Crooks abound on both buyer and seller sides, so in order to protect your business and ours, here are our procedures: IF YOU LIKE THEM, THE CHANCES ARE YOU ARE HONEST, AND WE'D LOVE TO HEAR FROM YOU!!

1 We will send you a soft offer, containing all our contact and other details, as well as a draft contract of sale. This will enable you to conduct all due diligence as far as we are concerned.

2 We ask you to send a Letter of Interest, with all your contact details: WE WILL ONLY DEAL WITH OWNERS OR THEIR AUTHORIZED MANDATES. In the case of a Mandate, your letter of authorization must accompany the LOI.

3 Principals will confer by phone

4 Signing of contract.

5 DELIVERY: We will transport goods from mines to Port Mombasa, using our own delivery trucks and personnel. We will select our chosen warehouse and inspectors.

6 For the first shipment we will ask you to attend the shipment in Mombasa or meet us in Kampala.

7 PAYMENTS: You will pay a deposit of 1% of the purchase price (advance for the costs of delivery) as follows: this deposit will be placed in an escrow account in with an independent 3rd party (Bank or legal firm), acceptable to both parties. On confirmation of inspection, assay and amount, the deposit will be released to us. At the same time, the Balance of the account will be paid by TT or L/C.

8 PRICE: for 12 months shipments, ranges between $40 per Kg and $58/kg, depending on the grade and volume.
We look forward to hearing from you in the event that you agree to these procedures."

Have left out the link just in case someone thinks it is a good deal!

Robert

[robjm66] 01/8/2009 15:06

Thanks marksnsparkle.

Copy of post hotcopper.

Hello Bagman

I have no idea who you mean though i will keep a eye out Lol. I of course will try to keep the rape and pillage bits to a minimum and talk about the relevance to Gippsland as i am sure you read the Global Witness report the other day (over a hundred pages long) so know all the issues already!

One thing you have to remember reading this it is from Metal-pages so it will hardly be that sympathetic to ngo's or critical of the mining industry. Will not go into all the in's and out of the "blood" tantalum situation though, as i have slowly got the message that most posters are not interested.

However this report is positive for Gippsland, Abu Dabbab is being talked about almost as a done deal and a solution for Starck of the "blood" tantalum problem. It also looks like the issue is not going to go away (sorry Bagman) and increasing pressure is going to be felt by companies involved leading to more to look for "clean" sources of tantalum.

"Notably Traxys announced in May this year that it has suspended all its activities in the eastern Congo indefinitely. Industry sources said it was "tired of all the negative publicity" over blood minerals."

One very interesting bit was this....

"In the case of the most publicised mineral, coltan, a source of tantalum which is used in electronic devises from mobile phones, to laptops, to games consoles and navigation systems, the market has plummeted since the financial crisis. So have markets for tungsten and tin, which have seen a slump in traded volumes.

Tantalite (Ta2O5) which traded at $50/lb in October last year, is barely fetching $35/lb now. Trade in the mineral from the DRC was blamed for the closure of the major Australian supplier, the Wodgina mine, but market sources also blamed Australian suppliers failed ambition to achieve prices above $60/lb on long term contracts, which would be the highest since 2001 and which the market could not swallow in a global recession."

What this shows to me that not demand has slumped but prices for minerals from the Congo is down.

If you compare tin to tantalum you can see this effect.





The tin price is looking healthy not of a lot of evidence of any slump in demand and you have to remember the high tin prices before the downturn were a blip and not typical of the long term tin price.

I think is is obvious that a much smaller percentage of the world tin comes from the Congo than tantalum and less money can be made from the tin so it it less worth the time in buying it from there now things are in the spotlight there.

As for the tantalum price i think it effectively heavily reflects the price of tantalum from the Congo do not see any decrease in the amounts sold from there but maybe a suggestion that to sell from this dodgy supply dealers have had to cut prices to overcome a increased reluctance to buy the stuff.

"According to market sources, the departure of Traxys is a major defeat. Some have called it a "disaster" for Congolese mining and trade. "I have been contacted by many of their suppliers, but I simply did not have the business to offer them," one market player said."

Think the 15 to 20 percent figure given out is a nonsense as demand for tantalum is not that down but the spot price for Tantalum is recently. Though of course the big test will be as stockpiles start to run down though companies like Starck will have to make decisions a long time before that to replace supply.

Overall think we are looking at a slow and steady squeeze on tantalum from the Congo and increasing pressure on Starck to give the go ahead for Abu Dabbab. I would also expect the tantalum from Abu Dabbab to paid a substantial premium to the spot price (which is less relevant nowadays) but not of course what Talisan was after.

Robert

P.s

This thread has a lot of information on the subject and a post with a link to the Global witness report and a post of mine with extracts from the same (a lot shorter).

[marksnsparkle] 01/8/2009 14:06

I have uploaded the pdf files attached to the mail out, just click on the links to access them ...

Metal Pages 090706 Chairman's letter.pdf ...


Metal Pages 090731 Ta African conflict.pdf ...

[robjm66] 01/8/2009 13:36

A mailout from metal pages from Gip encouraging for Abu Dabbab seen as Starck answer to thew "blood tantalum" problem.

Robert

[robjm66] 01/8/2009 11:33

Marksnsparkle yes either us could be right and on my past record of guessing when the project should be up and running it could well be you Lol.

Not everyone thinks i go for optimism though from CSO1 on hotcopper in response to one of my posts....

The problem with good news is ...

The trouble with charts is ...

The difficulty with directors is ...

The issue with reports are ...

The reason it can't happen is ...

You are wrong because ...

The sunny weather is a problem because ...

[marksnsparkle] 01/8/2009 09:19

robjm66 ... I suppose the real answer is that GIP is not stating that the financing will be completed this year, but on the other hand they are also not saying that it won't

So in reality neither of us know but I have gone for pessimism and you have gone for optimism :-)

On this occasion I hope you are right

[robjm66] 31/7/2009 23:07

Marksnsparkle KFW only have to consider the water situation and hopefully a new offtake all the other Due diligence done according to Gip. Believe them as i have been all through the arguments and research looking at this before.

You could be right about the bank delaying or it could be Starck arguing about what to price the tantalum at or they could have been delayed by the management shake up at Starck.

Mind you all parties could be waiting for a new Egyptian mining bill. Guess it could be wishful thinking but i get the feeling Gip maybe just needs something to fall into place somewhere to make quick progress.

Robert

[marksnsparkle] 31/7/2009 20:57

robjm66 ... I think that's wishful thinking on your part, the company isn't even putting forward a date for the completion of the due diligence let alone the completion of the funding

I'm with hiijinx on this one