Mining Minerals & Metals Share Discussion Threads

[haydock] 29/1/2009 08:30

Cards & chest come to mind about now.

[1waving] 29/1/2009 07:41

From this morning's Gold Fields quarterly report:--

"At the 51 per cent owned Sankarani joint venture with partner Glencar Mining
plc (AIM: "GEX") in south-western Mali, exploration focused on the Bokoro
Main, Fingouana and Kabaya targets. At Kabaya, assay results from bed
rock sampling outlined three N-S corridors displaying gold-in-saprolite
anomalism with gold values ranging from 26ppb to 1.15 grams per ton. At
Fingouana, assays are pending for infill RAB drilling of a seven kilometre long
anomalous zone identified in early 2008."

The 7 km zone at Fingouana is along the main shear zone, drill results awaited. Very short report.

Not very forthcoming when you look at the previous quarterly report.
From Gold fields Quarterly Report to Sept '08:--

At the 51 per cent owned Sankarani joint venture with Glencar Mining plc
(AIM: "GEX") in south-western Mali, preparations are underway to resume
field work as soon as the rains subside in October 2008. The programme will
advance six target areas (Bada, Fie, FR14, BM East, Sindo, Selen 1) from
target definition to the initial drilling and complete initial drilling on four
targets ( Bokoro Main West and East, Fingouana, Sanioumale West and East
and Kabaya. )


Looks like they've just mentioned progress on the main and more advanced targets.

[haydock] 28/1/2009 16:50

Or was that only fat finger?

Chart has 20ma now clearly crossing 50day ma.
The 200day ma is about 6p.
DYOR.

[1waving] 28/1/2009 16:40

Marked up at the close.

Gold Fields quarterly report out tomorrow morning so a brief update on Sankarani coming.

[haydock] 28/1/2009 12:54

Perhaps if we need it raising cash will actually be a simple exercise, just a matter of joining the end of the queue?

[haydock] 28/1/2009 12:47

Manolis said the company could increase the plant's capacity once it started mining the reserve Golplat was planning to publish a JORC compliant resource later this year.

In terms of acquisitions Goldplat was interested in small to medium size mines of up to 1m ounces in African countries. Manolis confirmed the company was
Snippet from Mineweb re Goldplats.

actively looking for other mines as the company had good cashflow to exploit the opportunities brought by the credit crisis.

He added that the company had a couple of million pounds on its books.

According to Manolis the Kenyan government was extremely helpful and the company was able to co-exist harmoniously with artisanal miners in the country.

Goldplat says it is focused on building a mid-tier gold mining and production vehicle in Africa, partially financed by an established gold and platinum group metals recovery business with blue-chip clients and strong revenues.

[haydock] 26/1/2009 17:14

Borrowed from really Useful Gold.
Suit you lwaving, very edgy Gold situation developing this week.

[1waving] 24/1/2009 10:50

Gold has broken a barrier to the upside and confidence in gold stocks seems to be getting strong ----- a couple of interesting posts from jsmineset:--

My Dear Friends,

Everyone is looking for where and when the top in gold will come. Will it be Jim's $1650 or Alf Field's $10,000 plus before it comes back down?

To put it nicely, you are all wrong. Gold is going up and STAYING up.

There is no top to look for because like all things people strive for, the top does not exist.

Gold will trade within $200 of a given point as a product of the Master of the Financial Universe, Paul Volcker, taking control when all this is totally out of control. He will instate the revitalized and modernized Federal Reserve Gold Certificate Ratio, not gold convertibility, and not tied to interest rates as an automaticity.

The Gold mining business will then be the best business there is and the highest dividend paying monetary utility.

Respectfully yours,
Jim

From Dan Norcini
----------- gold has smashed through the level which all of the technical studies point to as being the lynchpin of the monetary authorities' defense – the $880 level. That level marks the upper boundary of the bullish wedge formation I mentioned in yesterday's commentary as well as the horizontal resistance level which has held it in check since the middle of last December. Bulls were able to take it through this barrage of bullion bank selling who not unexpectedly were attempting to absorb all of the bids and force it back down. The battle could be seen on the 5 minute charts where for a while they were successful at defending their position but a strong wave of buying stormed into the market and effectively routed them out. They were then forced back to $900 where they are regrouping.
------------------------

The positive tone coming into gold stocks may add confidence for Hugh to start releasing drill results etc but the Gold Fields quarterly report is out this coming week on Sankarani, so we have news on the way. Don't expect the Gettysburg Address from Gold Fields on Sankarani, they just write a couple of paragraphs. With their aggressive drill programme at Sankarani on known deposits and new targets they should have made decent progress.

[1waving] 21/1/2009 16:38

Up at the close, can't see any late buys, only a couple of sells earlier today !!!

[bartender18] 19/1/2009 15:40

I'm back in on the strength of the up and coming update from Sankarani, thought i did well when I sold GEX at 8p, but unfortunately I brought into WLW. lol

[robbi123] 13/1/2009 22:10

hi 1waving,

Not sure if they have done any coverage recently, just find it interesting that they pushed the bid up, either they were trading higher in Ireland or they have an order to fill. Or as you say, maybe they have a research note out? What I do know is that we will not be at these levels in 3,6,12 months time. We are grossly undervalued but it will take a few buyers to get this moving. Wouldnt even mind if it was the old day traders getting it going again like the old days.

[1waving] 13/1/2009 15:52

robbi --- why Davy, do they have a report out and if so a link to it or brief summary ??

Cheers

[robbi123] 13/1/2009 15:49

Good to see DAVY trying to get this moving...

[deka1] 13/1/2009 15:32

Holy broken drill bits batman its BLUE, must be good news on the wire

[1waving] 13/1/2009 12:30

The Sankarani report will come direct from Gold Fields in their quarterly report to Dec '08 out on the 29th Jan. They were drilling multiple known deposits and targets indicated by the airborne survey.


.

[valentine] 13/1/2009 12:26

It is bit delayed for sure. It was expected it last month.
I think it will be pretty good when we see it.

[1waving] 13/1/2009 12:25

News from Gold Fields JV / Sankarani on 29th Jan.

[stenick] 13/1/2009 12:21

News is on the way..

[1waving] 13/1/2009 12:15

With no shares traded on AIM this morning !!!

[spaceparallax] 13/1/2009 12:10

A little life this morning.