Marlowe Share Discussion Threads

[mg78] 01/11/2005 14:42

Are - you - Peter - Volk - in - disguise?!

[victorfromportugal] 01/11/2005 14:29

I believe taht Medoro will be the new Bolivar... in due course... the succes of Bolivar is tremendous! unfortunately the effort there since early 2003 has been at the expense of MRL. I an sure somtehing is brewing for Medoro, since august 5% of shares have been bought at 50% the NPV of the company...


stay very alert

[mg78] 01/11/2005 14:26

I am writing to AIM authorities and FSA regarding MRL and I urge everyone else to do the same.

I would not touch these at 3p with the current management in place. No way.

[victorfromportugal] 01/11/2005 13:52

For some reason, the Board has transformed MRL into a cash shell with outgoings being the running costs and salaries... It is dormant... for a reason ...and until there is something new...

patience and buy at 3p if it goes there again I think

[victorfromportugal] 01/11/2005 13:51

True it's a disgrace, but I now clearly understand what is happening... they are 100% immersed in Venezuela and even more so now with the risk of nationalisation there... Medoro has clearly been left behind.

MO is not really and issue right now, but Pestarena will cost 6M$ in total ... that if another 0.05£ per share...


Until boliar is not clear and fully running in Venezuela, I cannot see any news for Medoro.

However, Medoro could definitely been taken over by Bolivar if things go wrong in Venezuela...

[victorfromportugal] 01/11/2005 13:28

Will Venezuela Stall Bolivar's Growth?

By Jon A. Nones
27 Sep 2005 at 08:06 AM EDT

DENVER (ResourceInvestor.com) -- Bolivar Gold [TSX:BGC] was trading as high as C$2.85 last week before Venezuela hit the news. Now we're looking at C$2.65 per share, a loss of 20 cents or 7%. Although this is far from Crystallex's 40% loss, it still may prove to be a thorn in Bolivar's side.

Chairman and CEO Serafino Iacono adamantly told attendees at the Denver Gold Forum that Bolivar's Venezuelan mining concessions will remain.

"The government never once said they would confiscate or take out concessions," he said.

Bolivar, much like Crystallex, holds an operating contract with Corporación Venezolana de Guayana (CVG) for its 95%-owned flagship Choco 10 property in Bolivar State. The mine is already in action and expected to produce 60,000 ounces of gold in the next five months at an operating cost of $178/oz. Production in 2006 is estimated at 140,000oz at similar cost.

Robert Doyle, Chief Financial Officer, said the company had no difficulty obtaining permissions from the government and is already pouring gold at the site. Bolivar sought the environmental permit – what Crystallex still needs – first before all other permits, Iacono added.

"Crystallex is having an argument with its right and left hand. On the right, it says to build the mine – on the left it says we need a permit," Iacono said.

However, the Choco 10 mine would not be the thorn in the company's side. By now, the news release by National Assembly Deputy Pedro Jimenez Flores has circulated the world four times over. We all know that only mining concessions that are inactive or that have not correctly fulfilled their obligations will be revoked, in accordance with the law.

"The government has no problems with active mines or projects," Iacono reiterated.

Choco 10 is an active project and for all intense purposes, safe. However, the concessions surrounding Choco 10, and all joint ventures with Gold Fields [NYSE:GFI], might be a different story.

According to Iacono, the government's new mining strategy is just an old concept renewed. Venezuela is simply reorganizing concessions. There are about 2000 concessions in the country – 80% belonging to CVG – numerous are inactive, he said.

"We have had conversations with the government and our mining concessions will remain concessions," Iacono said.

Bolivar's share price has been on a steady rise since it opened at C80 cents on the Toronto Stock Exchange in 2003. Below is a chart of the company's progress last year alone. It's hard not to notice the disruption at the far right of the chart.

So, the question is, will this Venezuela confusion stall Bolivar's growth? Unfortunately until this mess plays completely out, uncertainty is the name of the game in Venezuela.

[victorfromportugal] 01/11/2005 13:16

Bolivar could alo swallow Medoro in the future... if shares were to drop very low...

[victorfromportugal] 01/11/2005 13:15

read page 14 at the bottom of the middle column ... interesting I think

[victorfromportugal] 01/11/2005 13:07

Arata, Iacono, Campa, Volk are al working full time for Bolivar which is in full expansion in Venezuela... No wonder their interest in medoro is reduced...


but they own 5,262,500 shares of Medoro or 5.6% ...


My god, this medoro business seems more and more interesting...

keep you informed...

[victorfromportugal] 01/11/2005 13:00

LOOK WHAT OUR MANAGEMENT IS DOING!!!

[argy2] 01/11/2005 08:31

Anyone deal late yesterday on the back of Canada's move?

[victorfromportugal] 01/11/2005 06:42

sargold shares are also plunging... so will we get money from them too? oh dear, apauling state of affairs...

[hedge66] 01/11/2005 01:39

Keef
u are priceless,keep it going,it's almost worth the loss for the sideshow.

[dogberry202000] 31/10/2005 22:21

Medoro Resources Responds to Market Activity
Monday October 31, 1:10 pm ET
Doppelganger!

TORONTO, Oct. 31 /CNW/ - Further to news posted on Stockwatch on October 28, 2005, Medoro Resources Ltd. (TSX-V/AIM:MRL) did not arrange a financing. The news was for Medora Resources Inc., a private company, which is not affiliated with Medoro Resources Ltd.
Medoro Resources is scheduled to file its third quarter interim financial statements on or before November 30, 2005, at which time it will provide an update of its activities.

For further information

Peter Volk, Secretary, [phone], [e-mail]

[Abuse team] 31/10/2005 20:23

Post removed by ADVFN

[Abuse team] 31/10/2005 20:04

Post removed by ADVFN

[adparker] 31/10/2005 19:18

trading resumed at 10c on 1m shares

[victorfromportugal] 31/10/2005 19:12

we'll see how toronto does tonight, but medoro seems to attract a lot of attention suddenly... cash shell with MO for sale...could be very interesting.. anyway have a nice evening