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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gvm Metals | GVM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 72.81 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 72.81 | 72.81 |
| Top Posts |
|---|
Posted at 06/6/2007 16:26 by hattori_hanzo GVM Metals sees Mooiplaats, Holfontein coal production in Q3 2008LONDON (Thomson Financial) - GVM Metals Ltd said it expects to start coal production at its Mooiplaats and Holfontein projects in the third quarter of 2008. It plans to produce about 2 mln tonnes of anthracitic and export thermal coal a year in its second phase of development at Mooiplaats. Completion of the inferred resource drilling program at Mooiplaats has been suspended to conduct an infill drilling programme, which is underway to convert a portion of the current inferred resources to a minimum of 60 mln tonnes. GVM Metals added that it expects to complete the measured resource statement and the geological model at its Holfontein project by the end of June, 2007. On the Limpopo coal project, it said work is set to commence at the Tuli Coalfield in the third quarter of 2007 to upgrade and expand the inferred resource of 352 mln tonnes, adding that the bankable feasibility study will begin before the end of the fourth quarter, 2007. -------------------- Exciting times ahead...and we've got a new Market Maker too. Hopefully it's a sign that volumes might be about to increase as GVM comes to the attention of a wider audience including more institutional investors. |
Posted at 24/5/2007 16:01 by hattori_hanzo Yes, an excellent placing price, especially considering the recent price rises. It demonstrates that GVM are impressing institutional investors with their assets & business strategy. |
Posted at 10/4/2007 08:31 by gardenboy Fund raising news shows institutional and SA investor interest in the prospects here and imo I would expect the shares to stay at least 10% above the raising price. I'm not selling and will buy more at 38 or so if I get the chance. |
Posted at 15/3/2007 00:13 by gardenboy GVM two year target, Define 2 billion tonnes of coal in JORC resource category Bring Holfontein(1.2 mtpa) & Mooiplaats(4.5 mtpa) into production Complete BFS on the first Limpopo mine |
Posted at 09/2/2007 08:38 by seagreen One or two of my analyst chums thinks this is a very exciting long term play and as they sugested CFM when it was 12p to me I aint going to argue it went to 90p before it retreated...looks as though this one is far more genuine and is building a nice asset base...that coal really does look a touch awsome...onwards and upwards as they say..Nice silent thread too as the UK Private Investors simply do not seem to have picked up on it...which is nice, Could easily see this being a 10 bagger. |
Posted at 19/1/2007 21:09 by gardenboy Investors slowly tune in to GVMAdriaan Kruger Wed, 17 Jan 2007 [miningmx.com] -- Sometimes a little fanfare would not hurt. A case in point is the quiet listing of GVM Metals on the JSE at the end of November, when investors and fund managers were maybe too busy to finish their work for the year in planning their holidays. The first trade in the shares were only on 27 December - two weeks after the listing in the metals sector of the JSE. In the first 29 days on the JSE, trades were recorded on only nine days. To date, slightly more than 100,000 shares have traded. Despite the subdued listing, GVM Metals has started to attract attention and the share reached a new high of R4.50 last week, compared to the first trades at R2.60. In thin trade, the share hiked up by another rand to R5.50 on 18 January. Previously known as Golden Valley Mines, GVM has been listed on the Australian Stock Exchange since 1980. It secured a secondary listing on the Alternative Investment Market (AIM) of the London Stock Exchange in 2005 also in the quiet weeks of December and now in the minerals sector of the JSE. Of interest is that the share trade at a premium in South Africa to it primary listing in Australia, as well as the London listing. Through a series of strategic acquisitions GVM Metals Limited has moved its focus from being a gold, platinum and base metals exploration company to becoming a coal mining and metals processing business, targeting predominantly South African mining and minerals processing assets. Currently the company earns most of its income from a 74% stake in a nickel magnesium alloy facility near Magaliesburg, west of Pretoria. It has just acquired a coal deposit near Kinross from black empowerment company Motjoli Resources in exchange for giving Motjoli a 32% stake in GVM. It also bought a coal deposit in the Limpopo area for the equivalent of R84m, paid for in the newly-listed shares which could help liquidity if the sellers of the coal fields decide to unload their shares. GVM aims to complete a feasibility study at the Kinross coal deposit early next year and will apply for new-order mining rights then. The potential mine has an inferred resource of 50m tonnes to produce 800,000 tonnes per annum (tpa) of thermal coal and 400,000tpa soft-coking metallurgical coal starting in 2008. The mine in Limpopo could be brought into production in 2009. It currently has an inferred resource of 325m tonnes, but it is expected to be as high as 500m tonnes. Initial capital to get the ball rolling was raised in Australia. GVM issued another 12.2m shares in a private placing to Asia Energy plc, an minerals investment company run by ex-Rio Tinto managers. This raised R34m for working capital to start with initial work to get the South African mines up and running. The secret is out, with enough risk to satisfy South African speculators in smaller mining shares. |
Posted at 19/1/2007 21:08 by gardenboy GVM Metals now owns 100% of NiMag Limited , an alloy and fibre manufacturer based in Magaliesburg near Johannesburg in South Africa. Nimag supplies approximately 40% of world demand for nickel magnesium ferro-alloys. Due to the weakening of the Rand and the rising price of nickel, the company's profits are considerably improving.GVM's intention is to pursue investment opportunities in both the mining and metal processing industries and in Feb 07 announced plans to buy Kelso Mining whose principal asset is an interest in the giant Mooiplaats coal project also in South Africa. Kelso also owns the Itawes nickel project located in the northern Mindanao province in the Philippines. The company is also involved in the development of an underground coal mine(Holfontein project) and two open-cut coal mines (Limpopo and Baobab projects) in South Africa. The Holfontein project is located in the Witbank coal fields and the Baobab and Limpopo projects are located in the Limpopo province. Based on previous work undertaken by Utah Mining, Kumba and others, the total coal resources controlled by GVM are considered to approach 2 billion tonnes. The company has set out to define this massive amount of coal into JORC category. Their other targets include bringing Holfontein(1.2 mtpa) & Mooiplaats(4.5 mtpa) into production and to complete a BFS on the first Limpopo mine. Shares in issue as of 31/7/07 are 207.7m with 21.8m options. GVM Metals website : Nimag website : Aggressive coal growth for GVM Metals 30/11/06 Asia Energy Takes GVM Stake in Coal Tie-Up 21/12/06 Mirabaud Report June 07 - valuation 103p |
Posted at 21/12/2006 14:05 by crimeprotection1 Umm, AEN are certainly making provisions for that occurance, which I think personally could be very likely, obviously not wanting to wish any hardship on AEN investors! |
Posted at 05/5/2006 17:07 by drewz Just to point out to prospective GVM investors - for most tax-efficient investing here, you should buy GVM within an ISA wrapper - it qualifies by virtue of its full ASX listing. If you buy it outside an ISA it will not qualify for BATR on profits (75% after 2 years holding, 50% after 1 year), again due to its full ASX listing, so you will be clobbered for the full 40% CGT. |
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