Marlowe Share Discussion Threads

[victorfromportugal] 15/9/2005 10:25

my guess

once pestarene is over, there will be a conjunction of drilling permit in MO and also a rise of Gold above 500$

then it should tick nicely on the way up


if the market makers play fairly, which I cannot trust

[victorfromportugal] 14/9/2005 23:00

gold to touch 17 years high soon!!!

[adparker] 12/9/2005 10:29

online quote 4.44 - 4.88 (25k x 7.5k)...tempting fate but i think we've seen the low point for this dog

[argy2] 09/9/2005 11:48

No...fairly recent I think

[adparker] 09/9/2005 11:47

canacord now a MM in london for MRL?? has this been long or had i just not noticed all this time???

[victorfromportugal] 09/9/2005 11:27

OracleUK - 9 Sep'05 - 10:45 - 3574 of 3575

Date: September 09, 2005

Gold Mines Of Sardinia Comes Good, But Not In Gold Or Sardinia

By Our Man In Oz

Good things comes to those who wait; and that's not a prediction from Australia that the Ashes will soon return to English hands. Being rewarded after a few years in the wilderness are the shareholders of Chaco Resources, a business which once traded as Gold Mines of Sardinia . Since March, Chaco has rocketed along from 2.75 pence to the giddy heights of 8.75p, a gain of more than 200 per cent in six months. The driver behind the revival of a once deeply-troubled company is not gold, it's an increasing exposure to oil in South America.

Last year, GMS ended its painful involvement with gold in Italy. There was never any doubt about resources being in the ground, the problem was always with the many layers of Italian government. For a while GMS did well at its Furtei mine, before moving on to the challenge of developing the much bigger Mount Ollesteddu; a challenge which proved insurmountable when the demands of the Italian army were layered over the demands of the Sardinian regional government, the central government in Rome, and dodgy characters in between.

So much for the bad old years. In more recent times, GMS has been restructured, re-focused and re-named. No-one needs telling that there could hardly be a better time to dip into the oil game. But what they might not understand is the history behind the name, and the nature of what's being assembled. Chaco, which a handful of historians could tell you, is the name given to a region where Paraguay meets Bolivia, and over which a low-profile war was fought in the 1930s because of a belief that it was rich in oil.

Roll forward 70-odd years and the shareholders of the old GMS find themselves the proud owners of a slice of Paraguay and, of much greater interest, a potential slice of Colombia. Details are yet to be released but the buzz in Oz is that Chaco is close to sealing a deal which could see it move rapidly from would-be explorer to junior producer via a well placed joint venture with an oil major. It is this speculation about a deal, as much as the mere mention of oil, which has been driving Chaco, much to the delight of some of the clients of Williams de Broe who can now cease sticking pins into effigies of the partners at the brokerage for putting them into GMS in the first place.



taken from





note

"There was never any doubt about resources being in the ground, the problem was always with the many layers of Italian government. For a while GMS did well at its Furtei mine, before moving on to the challenge of developing the much bigger Mount Ollesteddu; a challenge which proved insurmountable when the demands of the Italian army were layered over the demands of the Sardinian regional government, the central government in Rome, and dodgy characters in between."

so gold is still there!

[argy2] 09/9/2005 11:24

Suspect we may see some movement here in the UK soon...let's hope it up!

[victorfromportugal] 09/9/2005 11:18

the market makers in london are abusing their position!

rip off

[andyroden] 09/9/2005 08:26

the one and only trade for MRL on TXS yesterday was

Most Recent Trades
Time Price Change #Shares Buyer Seller
15:00:00 0.16 0.00 509,500 100 TSX 33 Canaccord


0.5m shares @.16 = 7.3p !!!!!!!! (although still only £35k deal)

[victorfromportugal] 08/9/2005 08:53

Canada 0.13-14 bid offer

what is going on??

[victorfromportugal] 07/9/2005 09:04

one thing in favour in technical analysis shows a double U at 3.50

also in canada the bottom was higher than early august

cash is 6p per share


monte O is still there

and the ratio OIL / GOLD is at an all time low for decades

we ll see

[dogberry202000] 06/9/2005 21:28

Agreed, but someone knows something. There were a few interesting trades in London last week, too. I get the impression that anyone selling here is throwing away their stake. Wheels are turning "somewhere" and that buying knows it.

[victorfromportugal] 06/9/2005 21:23

listen the market market do not buy at 4p in London

in August when in Toronto it went up to0.15$ the market markets stopped it at 5.75p instead of 7p


they rip us off by 20% each time

better trader them in canada

[dogberry202000] 06/9/2005 21:15

Looks like some frustrated selling in London and some "knowledgeable" buying in Toronto. It's up over 19% with someone buying 86,000 shares at 14c in one trade. That's over 6p.

Hold.

[mg78] 02/9/2005 08:46

Gold is trading considerably higher now than in the Gold Mines of Sardinia days - and even back then M.O. was considered to be potentially commercially viable.

Sure sentiment towards this sector has not been the hottest, but it is without question NOT the reason for Medoro's demise. It may have contributed - but even if sentiment were a lot stronger, and the management had done the same things (or not done the same things) this share would still be trading roughly where it is. The company would still have had to have done something vaugely positive in order to gather momentum within a bullish sector, and it hasn't - infact it has only produced negativity - on all fronts.

If you are a contrary investor and buy up stocks which are out of favour and thoroughly detested, then I guess this would be a little gem! Positive news of a new board alone would see this tick up - that says a lot. No one in thier right mind can possibly want the current management to stay....

Yeah - I'd be up for an EGM at the moment.

Sorry for the droning - thats all I have to say on Medoro untill fresh news. The folk at minesite.com know their market, and they have slated the management at MRL before. I'm interested to see if they pick up on the interim/statement in their 'The Week That Was' slot.

We're in the same MRL boat. Good luck.

[dogberry202000] 02/9/2005 00:29

mg78

I agree with every point. I think that they are preoccupied with other interests (Bolivar) and have left MRL to drift with little urgency to make things happen. The Perestera deal was disastrous. Nothing that they have attempted has worked!

But it is not worth selling. The context within the gold market over the last 19 months has been gloom and doom. Most goldminers are not making any money as inflation has outstripped the gold price. John Embry in a recent ROB TV interview said that with the current price of gold "the miners are getting killed here". There has been a bear market in "most" gold mining companies' shares since late 2003. Sentiment is important and that has been very poor. Everything has frozen up because no one wants to take a chance on developing new projects in such a market. Today's movement in the gold price, helped no doubt by Katrina, may well have begun the change. The tide will change even if must do so imperceptiby. Even MRL will have its chance once again when sentiment improves.

[victorfromportugal] 01/9/2005 23:38

should we ask for an EGM to sack the Board???

[dogberry202000] 01/9/2005 15:27

Break out for gold! Funny how easier it will be to get permits and find partners for joint ventures from now on.

Hold

[victorfromportugal] 30/8/2005 15:21

again the market makers in London STILL US 10 to 15% of the share price!

[adparker] 30/8/2005 14:48

so far 300k traded on TSE @ 10c, equiv 4.625p, quote currently 10c - 10.5c