Mining Minerals & Metals Share Discussion Threads

[deka1] 08/1/2009 15:53

welcome wave, good luck with it

[1waving] 08/1/2009 15:37

Worth a look but not for you, reckon power system change would be a smooth transition with no material down time needed, per ounce will come down soon as well, have very strong government blessing after yesterday's announcement/gift horse, but we'll see in the near future, anyway that's a discussion for elsewhere - cheers.

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[deka1] 08/1/2009 13:44

1 waving hi , i have decided not to invest in VGM, putting my thoughts on here as opposed to vgm board, don't want it to seem as if i,m knocking the co, you know what i mean, anyway, i think you should look at the down time involved , if they do replace those generators, i don't know what the power system is but i imagine diesel gen sets, how many can be off stream , without loosing production , are they likely to replace old with the same type, if not and a complete change of power generation equipment is planed, it means no power at all till the new system is up and running, could be many months of down time, i see the plant has been operating for 70 years or so , when was it last changed out, very expensive to replace a power plant, perhaps they can find a relatively new one , like cey did , to refurbish , but still a lot of down time, if/ when they do it, all in my opinion wave with good intentions, plus i ,m not keen on the political side, or the costs/ ounce

[deka1] 06/1/2009 15:59

thanks a lot wave will do

[1waving] 06/1/2009 15:20

deka1 -
as they are ramping up production, costs are decreasing as production increases, so no exact costs given by company but some on the thread have good contacts into the company and reckon should be about $400-$450 per ounce at 100,000 oz pa. First monthly operating profit of $1.5 million in Oct. If you want to know any more post on VGM board and I'll try to answer, there are some very helpful posters so no problems with info ( there is a sicko nuisance poster on there at the moment but ignore him -- he's a well known raving loony ).

Apologies for O/T.

[bongo bwana] 06/1/2009 15:00

Big jump in IEX today by lunch time.

4deals totalling 2m shares - First trades this year almost.

Bid 3cent / Offer 4.4cent.

[deka1] 06/1/2009 12:36

1 wave you on the wire mate, if so , seen you looking into VGM board, i'm looking myself, sorry off top , but cant find any cost/ oz prod for it do you have that info please, doing research finding out about vein mining and related stuff, appreciate any help, again guys sorry off top, also do you know who opperated the mine before

[bongo bwana] 05/1/2009 15:06

Many thanks guys and many happy returns.

I remember reading that contribution 1W and appreciating the state of play, at that time. But it had slipped my mind which tends to get a little more feeble around this time of year [far too much domesticity, docility, late nights, dark chocolate and spirits].

Hugh is a very experienced, well tuned and intelligent CEO who can rely on his Chairman for weighty considerations and assistance in the current market conditions. The remaining officers (Kieran H and Philip O'Q) aint half bad either.

I see 2009 as the year in which GEX's Finance Officer enhances his burgeoning reputation. His sparky brain will be employed to extract the best possible deal for GEX shareholders in relation to Asheba Ghana and perhaps the first steps of a JV relating to Komana.

The 4amigos in GEX make up a very good team.

[valentine] 05/1/2009 14:17

I believe they are due soon. Slight delay probably due to general market malaise pre-Xmas.

[bongo bwana] 05/1/2009 14:12

Im surprised that GEX has not brought us up to date with drilling results as they have done during their time in Mali to date.

Given that GEX was confident of an improved performance from the lab and Im sure this confidence would have been well founded.

[bongo bwana] 30/12/2008 19:19

Interest has been picking up in the UK this week.

The bid-offer spread on the IEX became more reasonable yesterday also but the brokers/MM's here clearly know news is exected imminently.

[spaceparallax] 29/12/2008 15:10

A news leak perhaps?

[maniac3] 29/12/2008 10:46

Wow ... up over 8% at present.

Never thought I'd see them rise again after the last few months.

[share_shark] 28/12/2008 19:47

Looking forward to a far better 2009.

Happy New Year all and thanks to the excellent contributors here.

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[bongo bwana] 27/12/2008 22:50

It has been a very merry Xmas to date.

Have a quick look at:



IMHO 2009 will be a year to choose ones small company investments/speculations with greater care than usual.

Id recommend a subscription in the Small Company Sharewatch Newsletter for those looking for an excellently researched and balanced feed of monthly information and tips.

In recent weeks Ive added Bank of Ireland at what I hope is a superb sub 70c price. One for the retirement fund locker.

And during the course of this year Ive quadrupled my holding of GEX and hope to double my current holding during 2009.

Sincerely wishing each and every contributer here a full glass of excellent opportunities, fun, the ability and luck to be able to timely take profits.
And to bring in the New Year not with a lash but with two lashes, at least.

[stenick] 24/12/2008 13:11

Happy Christmas everybody and a prosperious New Year.

[deka1] 24/12/2008 12:36

all the best everyone and bon chance for the new year

[1waving] 24/12/2008 10:57

Merry Xmas to all and looking forward to the new year being the year gold juniors take off again. Looking quite likely for many reasons. Will be good to see gold take off and Gold Fields get good results from their extensive drill programme at Sankarani. Komana East zone should prove to be a banker for a substantial increase in resource ounces.

Cheers.

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[share_shark] 23/12/2008 22:23

Thank you for all your excellent contributions here.

Merry Christmas and a Happy New Year.

[share_shark] 23/12/2008 14:51

Because of the current market conditions, interest in precious metals has increased substantially, inundating our staff and phone lines. We have installed new telephone lines, which should make it easier to get through to our staff or voicemail. If, for some reason, you recently tried to telephone us and were nonetheless unable to connect on your first attempt, please try again. Thank you for your patience, and we appreciate your business!

The US Mint has again announced production delays and rationing for silver American Eagles. We will continue to ship silver Eagles from our stock when they arrive from the US Mint, but in order to expedite delivery will need to ship dates of our choice. These orders may experience significant delays (about which your bullion sales representative will tell you), but you can be confident that all trades locked in will be shipped expeditiously as we receive supply of product from the US Mint. For those of you who wish to ensure a place in the queue, we will continue to lock in trades at our low premiums over spot.

[1waving] 22/12/2008 14:56

In The News Today
Posted: Dec 21 2008 By: Jim Sinclair

Dear Friends,

Don't lose focus on the enormity of what has taken place. It is that unimaginable size of the socialization of the losses while privatizing by monetization the ill gotten gains from pawning off fraudulent OTC derivatives. The massive size of this disaster caused entirely by OTC derivative implosions and fraudulent valuations will function to make my gold price target of $1650 that I have held for over eight years pitifully low. Alf Fields' next leg from the recent low to $6000 has moved to probable from simply possible.

- Consider what the junior golds holding real properties will be worth.
- Consider what RGLD will be worth.
- Consider how difficult it is now for anyone to find any investment in currencies or governments.
- Consider that gold is the only true currency because there is no liability attached to it.
----------------------------------

Has Jim Sinclair been overly cautious ??

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[1waving] 22/12/2008 10:49

Very good article on gold/silver manipulation by John Embry, Chief Investment Strategist at Sprott Asset Management.



Gives you a very good sense of what is to come as well.

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[share_shark] 22/12/2008 00:12

May be of some interest.




Dear UK-Analyst.com Member,



It is a bit early for New Year predictions but as I put the finishing touches to my top 7 stocks to own in 2009 I thought that I'd get in early. In no particular order

1. Base rates in the UK and the West will be at not a lot more than 0% before the start of the Spring. Just to double up on that prediction I bet you a fiver that the press will be full of comments by Spring about how the medicine is not working.

2. Base rate cuts will start to work to revive the global economy as will the actions taken by Central banks and Governments (i.e. turning on the printing presses to fund great public works programmes /white elephants) but it will take time. But 2009 will be a year of recession with unemployment up and house prices down. My macro-economic prediction is that the first signs of economic recovery will start to become apparent in the fourth quarter of 2009 - that is c18 months after base rates started to be cut.

3. The equity markets will suffer some unexpected shocks. A number of household names, notably in retail, will go out of business and I suspect that you will see at least one FTSE 100 stock go under. The number of companies on AIM will fall from 1550 to below 1,000. January will see a number of retail and property related corporate insolvencies which will captivate the press. However my equity market prediction is that UK equities (as measured by both the FTSE 100 and the Small Cap Index) will end 2009 ahead of where they are today. Why do I say that? Because valuations are at levels that discount across the board wipeout and this is not going to happen. They have been depressed by forced and panicked sellers and at some stage the supply of such sellers will be exhausted.

4. Gold will head sharply higher during 2009. Negative real base rates across the first world and the printing pressed going full tilt can have no other outcome. I do expect gold to stay at well over $1000 for most of the year and the risks are on the upside. You mst own some shares in gold producers.

5. Oil will trade at more than $60 for most of 2009. You may think this a daft call given that oil is now $40 and that Merrill Lynch is calling it down to $25. I attach as much weight to Merrill's siren call as I did to Goldman's prediction of a year ago that crude would hit $200. i.e. Very little. At below $40 much of today's oil production is, at best, marginal in an economic sense. So projects will be shut down. Moreover the OPEC nations are - in many cases - heavily indebted or committed to non oil projects. They will need to protect their cashflow and they can do that very easily by simply cutting output marginally. That is because the supply demand balance is pretty tight. As we speak China, India etc are still growing and I think that - although their growth will stutter badly in 2009 - their process of industrialisation (more cars, etc) will continue. One cold winter in the North and all bets are off in terms of demand.