ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

GIP Gippsland

2.125
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gippsland LSE:GIP London Ordinary Share AU000000GIP1 ORD SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.125 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.125 GBX

Gippsland (GIP) Latest News

Real-Time news about Gippsland (London Stock Exchange): 0 recent articles

Gippsland (GIP) Discussions and Chat

Gippsland Forums and Chat

Date Time Title Posts
01/5/201518:15Gippsland - Tantalum, Tin & Feldspar in Egypt3,048
13/7/200816:26Gippsland coming to Aim - catches my eye1,634
24/2/200809:43Gippsland (Isable)-
27/3/200716:21Gippsland: Tantalum and Gold in Egypt19
13/2/200708:50Things move slowly in Egypt.2

Add a New Thread

Gippsland (GIP) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Gippsland (GIP) Top Chat Posts

Top Posts
Posted at 17/2/2014 12:09 by shadowchaser
gip- 'one wheel on my waggon '

[thanks to further loan from the indomitable Mr G.!]

'I'm still rolling along.........'

SC
Posted at 07/1/2014 12:26 by shadowchaser
GIP-Cautious optimism now turned to pessimism ....!

Unfortunately ,can't realistically see any way back now.....

Sorry folks -

-SC
Posted at 27/9/2013 12:02 by shadowchaser
GIP

1/Tin extract exports MAY be about to cover current to cover costs (?)

2/ Good old Ian G. has made a $1m loan out of his own money ,interest free available ..

..He seems to be a determined ,forthright old bean!!!


I,m cautiously optimistic for the next few months ....


SC
Posted at 13/6/2013 11:05 by shadowchaser
GIP-Aaaaand so it grinds on .....

Another three months drag by and miniscule progress is perceived .

No visible financing to start Tantalum production just patchy tin exports that barely cover costs.

[Eerily ,sounds like Cameron's and Osbourne's economic policy for the UK!]

-SC
Posted at 15/3/2013 11:19 by shadowchaser
GIP
AND down and down I go ,
diluted out of existence

choke choke

blub blub

-sc
Posted at 08/3/2013 16:17 by shadowchaser
GIP
You're givin'me the same old line
I'm wonderin' why ...?

You fleeced me then,
You're back again.

No no no ! Not a second time ...

Not a second time. No, no,no ---not a second time ......

[Or should that be 3rd 4th or 5th time ,personally ,I've lost count !!

Lol!
SC
Posted at 17/10/2012 14:54 by shadowchaser
GIP--I'm surprised at you ,mademoiselle !

After all your namesake's experience of battles during the 100 years' war [116 actually]
you must know how protracted these struggles can be !


Nul desperandum -GIP has not got the money yet...........

Lol!-

-SC
Posted at 10/8/2012 07:34 by oilchemist1
NON‐ RENOUNCEABLE RIGHTS ISSUE
TO RAISE $2.5 MILLION
The Directors of Gippsland Limited [ASX: GIP, FRA: GIX] ("Gippsland" or "the Company") announce a non‐renounceable rights issue to all shareholders on the basis of three new shares for every seven existing shares to raise approximately $2,507,000 before costs at an issue price of 0.6 cents per new share ("Rights Issue"). There is a minimum subscription under the Prospectus of $1,000,000. All directors intend to take up their pro rata rights in full.
The Rights Issue price represents a discount of approximately 39.7% to the 30 day volume weighted average of Gippsland shares traded on ASX.
A prospectus for the Rights Issue will follow this announcement and will be despatched to eligible shareholders following the Record Date on 14 August 2012.
After meeting the expenses of the Rights Issue, the funds raised from the Rights Issue will be applied to furthering the exploration effort in Eritrea, increasing the production capacity of the alluvial tin project in Egypt and for working capital.
Posted at 01/8/2011 12:16 by chipperfrd
JoA,

Re Heemskirk:

Using figures from scoping study, ie
- Mine life ~ 7.6 years
- Mining dilution ~ 15%
- ROM grade ~ 0.93%
- Treatment rate ~ 600ktpa
- Recovery ~ 70%
- Concentrate grade ~ 50%
- Tin in concentrate ~ 3,906tpa
- Tin price US$29,000/t (less 10% for smelting)
- FOREX £/$ ~ 1.6
- OP cash costs ~ US$12,780/t tin
- CAPEX ~ US$108m

I have done a NPV based on (10%) discounted cash flows over LoM using the above figures for production estimates.

With tin price flat over LoM the NPV(10) is c. US$79.5m @ 30% IRR for the entire project.

Assuming GIP's attributable drops to 30% under the Stellar execution of their option, then GIP's share of the NPV is US$23.8m. This is equivalent to 2.95p (A$ 4.43c) after tax.

The pretax NPV of the project is c. US$155m.

Applying a 5% CAGR to the tin price over the LoM the GIP share rises to c. 7.47p using the total shares after current rights issue.

Both Stellar and GIP are small cap stocks so raising the US$108m CAPEX will need to be pre-dominantly via bank debt or with an alliance with a tin off-taker. Although there will almost certainly be an equity raising as well.

If this were to be a 70:30 debt/equity split then GIP's share would be US$9.7m.

To check my NPV estimates I have also tried a different approach by working a series of discounts on the current in-situ tin resource (I have ignored the silver, etc).

ie.
Gross in-situ value ~ US$1,408m
GIP's attrib @ 30% ~ US$422m
After mining dilution of 15% ~ US$359m
After process recovery of 70% ~ US$251m
Potential profit @ 20% of revenue ~ US$50m
This works out at c. 3.9p/share after rights issue.

Stellar are likely to increase the overall resource as they have yet to drill at lower levels. However, at c. 30% IRR the project already looks pretty good.

GIP have a 40% free carry up until a feasibility study and must also arrange financing for 50% of GIP's share of development costs once a FS stage is reached. So GIP has no current ongoing commitment and can focus it's meagre resources on Abu Dabab Ta and alluvial tin.

Clearly a risk given recent BoD shenanigans - but there would appear to be real underlying value (to me) even without the potentially much much larger Ta project.

Gandel is under-writing the rights issue so will almost certainly have a larger stake once the dust has settled. However, to move either of the projects forward he will need substantial backing from banks and the market so I consider the risk of the company being taken private is limited. With the amount of 'skin' he will have in this stock his interests will be aligned with shareholders whether he likes it or not.

Given all of the above I have decided to take up rights (be it on my own head!).

Regards
Chip
Posted at 22/8/2010 22:44 by marksnsparkle
I'm sitting on the fence, best place to be with GIP :-)

There was a significant move in GIP share price last week, but the question is does somebody know something we don't ... lets hope so!
Gippsland share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock