Gvm Metals Share Discussion Threads

[gardenboy] 08/2/2007 10:35

buy reported at 33p

[gardenboy] 08/2/2007 08:02

finished up 15% on high volume (700k) in oz


free stock charts from www.advfn.com

[gardenboy] 07/2/2007 18:44

pp,

Hope you have made some good profit with CLE. Are you still in?

I share your concerns about carbon emissions and I am interested in knowing more about clean coal power stations and whether they are or will be operating in SA.

SA has an increasing need for more energy and a growing reliance on electricity generated from coal and imported oil. Coal presently provides about 75% of South Africa's primary energy needs, and over 90% of electricity in the country is coal-derived. This seems likely to remain the scenario until alternatives such as nuclear energy, natural gas, hydro or other renewables start to play a more significant role. Coal reserves will last several hundred years at current consumption rates, making it the country's most abundant indigenous primary energy resource.

On a completely separate note, the nickel project in the Philippines could be very exciting indeed.

Andy,

keep up the good work as night watchman :~)


note : BHP Billiton will place a greater focus on improving its South African energy-coal operations, CEO Chip Goodyear said today

[ppowerscourt] 07/2/2007 13:14

gardenboy and Andylaws:

It is a proven fact that burning fossil fuel such as coal and petroleum produces green-house gas emission. Do you think the international bodies on climate controls will rectify a measure to restrict the uses of these fuel? Silly question, I know. Assuming the point of consumption dependency has reached beyond the point of return/stoppage, will we have to quickly burn up all the fossil fuel in order to herald the new age of Green Energy?

Seems like the answer to coal fired industries is to install desulfurization counter-measures; nuclear or hydrogen fuel to replace petroleum; and so on...... But if the world is so in danger of environmental corruption, stopping the use of the causal agents from source seems a true antidote. I am one foot in each boat as of now.

Australia may not react tonight if they think the price tag is too high?

[gardenboy] 07/2/2007 11:25

andy,

added today - doesn't take much to move the price though

[gardenboy] 07/2/2007 10:48

very interesting,

More SA coal and a nickel project in the Philippines

(XTA are in Mindanao involved in the Tampakan project)

[ppowerscourt] 02/2/2007 01:58

It pays to stay up late, Andy.

[gardenboy] 31/1/2007 16:42

andy,

very reassuring, obviously GCM like the look of this company

[gardenboy] 22/1/2007 18:18

my entry was at 18.3p before it plummeted !

volume and golden cross in same month, Phil :~))

[philmiboots] 22/1/2007 17:54

Would that be the beginning of May, mid-May, or the end of May then......


;o)

One of your "rise on volume" (Nov) jobbies - nice.

[gardenboy] 22/1/2007 17:10

no last May actually ! - patience is the key :~)

[philmiboots] 22/1/2007 17:04

I trust you bought your first tranche last September gb!
Looking good and good luck (from the sidelines).

:o)

[seagreen] 22/1/2007 17:01

well done garden boy.......hope to pick up a few more very soon but fairly keen on CDN as well in the coal world and old UMN are stonking ahead at present.

[ppowerscourt] 22/1/2007 08:38

Thanks and good morning.

Third Listing for GVM? Johannesburg? For Black Power Empowerment and/or increase trading liquidity......

I reckon good price at where we've entered. Don't understand about all the recent unfavourable reports on fossil fuel damaging the environment yet their uses continue unabated.... will there come a time when coal and petroleum uses will be curtailed somewhat by international law? I guess the most effective means of controlling carbon emmission is to burn no fuel which cause it.

[gardenboy] 21/1/2007 21:34

pp,

I would buy or hold on to CLE - in fact I'm even thinking of rebuying . US still to enter carbon trading in any meaningful way and Goldman Sachs recently upped their stake. One of my big mistakes last year was to sell that stock during the summer. After having done the initial research, I got bored with no share price movement and distracted elsewhere partly because nobody else seemed interested in the stock favouring Trading Emmissions instead - mind you, quietness is nothing new with my threads - CFM trebled with hardly anyone else around !

I hate to think what the carbon footprints will be here with all their coal - I hope it can be burnt cleanly. Still reseaching after my initial purchase at 18p but very excited as I think we have a multibagger in the making here.

SA needs far more energy to cope with their present and future demands not least in the growing mining sector itself, and ESKOM and others will need ready coal supplies for more new power plants.

Any idea what the full market cap. of GVM is what with their three separate listings ?

gb

[ppowerscourt] 21/1/2007 18:08

Hi, Gardenboy, bought GVM on the AEN news. Certainly makes a change from CFM.

O/T:

Noticed you were in CLE, what do you think the future potential will be after its galactic performance of the recent six months? Ta!

pp

[gardenboy] 20/1/2007 01:26

I think the prospects here are very exciting too and hope to see you at two quid also !

I've made a new thread with a bit more info, research etc.

Hope to see you there as well,

[gardenboy] 19/1/2007 23:51

Asia Energy Takes GVM Stake in Coal Tie-Up

By Gareth Tredway

21 Dec 2006


JOHANNESBURG (I-Net Bridge) -- GVM Metals [LSE:GVM; ASX:GVM], which listed at the end of November on the JSE Securities Exchange, has sold about 15% in new shares for 2.4 million sterling (US$4.7 million) to AIM-listed Asia Energy [AIM:AEN] to further develop its coal interests in South Africa.

GVM has greenfields coal exploration projects in the Limpopo region and on the Witbank coalfields.




GVM, which was founded in 1980 has shifted its focus from being a gold, platinum and base metals explorer to becoming a coal mining and metals processing company, mostly focusing on South African mineral targets.

Simon Farrell, GVM managing director, said in a company release, "We are delighted to work with Asia Energy bringing our diverse coal interests into production. Steve Bywater brings enormous experience in operating world class coal and iron ore mines and I look forward to his help in what is going to be a very exciting and challenging period of the company's growth"

Asia Energy, a 42 million pound sterling ($82 million) market cap company, is involved in the development of the coal basin at Phulbari in northwest Bangladesh.

After the recent issue of 12.2 million shares at 20 pence each, Asia Energy will be a 13% shareholder in GVM.

Asia Energy's chief executive Steve Bywater and its CFO Graham Taggart have been invited to join the GVM board as non-executive directors.

"This is an exciting opportunity for Asia Energy as it looks to expand its investments in coal on a global basis," said Bywater in a statement.

In an interview following its listing, Simon Farrell, chief executive of GVM, told I-Net Bridge that the company could be a 10 million tonne producer in the next five years.

"Our goal is to be producing five million tonnes out of the Witbank, so obviously we have to acquire another property to make that target," says Farrell. "[In the Limpopo] we are actually unconstrained in terms of resources. Its only infrastructure and market constraint, but I would hope in five years we would be producing five million tons."

"This transaction provides a platform for the Company to be involved in new and developing coal projects with GVM, who have a strong management team.

[gardenboy] 19/1/2007 21:09

Investors slowly tune in to GVM

Adriaan 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.