Mining Minerals & Metals Share Discussion Threads

[share_shark] 16/4/2009 08:29

Some market minnows continued to turn in strong movements as trading volumes remained extremely thin. Boundary Capital rose 12.5pc, Glencar Mining added 31.6pc, Newcourt lost 25pc and Price Active Capital fell 27.3pc.

[bartender18] 16/4/2009 01:21

I've bought on the lows and sold on the spikes since the new year, just lucky i guess. 3.25p will be my next in price. You can always seem to know when its about to spike as the buying volume suddenly takes off after weeks of nothing

[donaceaceace] 15/4/2009 17:56

some know :)

[share_shark] 15/4/2009 17:55

Aye, Stenners, when we do not know we keep quiet .

.

[serpicouk] 14/4/2009 19:37

...may need to specify who's annual report... ;)

[bongo bwana] 14/4/2009 14:54

Will be released in Annual Report RNS most likely IMHO

[deka1] 14/4/2009 14:46

Any ideas why no drilling results yet, cant be still using the unfavourable markets excuse , surely !
over six months since the last one

[share_shark] 14/4/2009 07:57

Mad Celt. Well in that case my money will only go, the way the rest of it has.
Melt away on stocks.

[mad celt] 14/4/2009 07:44

Blind hope over common sense on this one.

How much must you believers be down to stick with what is clearly a basket case?

[share_shark] 14/4/2009 07:36

April 14 (Bloomberg) -- Gold may be poised for more gains as the global stock market rally slows, prompting some investors to shift money into precious metals as a store of value.

The metal climbed as much as 2.1 percent yesterday, the biggest intra-day gain since March 18, on concern that company earnings may decline. The benchmark MSCI Asia Pacific Index was down 0.4 percent at 9:44 a.m. Singapore time after climbing 4.3 percent in three days.

"This consolidatory pattern will continue as investors swing between risk and haven," Zhu Lv, research manager at Shanghai Tonglian Futures Co., said today from Shanghai. "The medium to long-term outlook for inflationary pressures from government spending will keep gold on its uptrend."

Gold for immediate delivery was little changed at $895 an ounce at 9:47 a.m. Singapore time, after advancing as much as 0.6 percent earlier. The metal climbed to $899.95 an ounce yesterday, the highest since April 3.

Among other precious metals for immediate delivery, silver gained 0.2 percent to $12.7675 an ounce, platinum lost 1.8 percent to $1,222.50 an ounce, and palladium was unchanged at $240 an ounce at 9:49 a.m. in Singapore.

To contact the reporter on this story: Glenys Sim in Singapore at [e-mail]

[share_shark] 14/4/2009 05:28

Gold and the Midas Touch.

[share_shark] 13/4/2009 11:48

Management is the key. Without it you can kiss goodbye to all the profits.
Neglect, is what that other company has done and look where it is today ?.

[stenick] 13/4/2009 11:43

Thanks s_s for that article, it is interesting that Glencar has 'easily' got finance and I think that refects the Quality of resourses and the management.I just wait for the share price to reflect this too.

[share_shark] 13/4/2009 09:22

Interesting extract below, from the above article when you consider Glencars recent money raising exercise.



Since last summer, the credit crisis has hurt the juniors, as the small prospectors are called, on worries that they won't be able to get the financing needed to develop mines. In that time, TRE has fallen less than its peers.

[share_shark] 13/4/2009 09:13

In the word of Gold, I have the greatest respect for the man, in this article and watch his modus operandi and predictions, closely. A man to watch. He rarely fails. You should know that I hold shares in his company too.






All That Glitters Is Not Gold
By VITO J. RANCANELLI | MORE ARTICLES BY AUTHOR

Tanzanian Royalty rallied on the reputation of CEO James Sinclair. But the gold guru's actions cast doubt on the exploration company's fortunes.







Or copy the rss link:

GOLD EXPLORER TANZANIAN ROYALTY EXPLORATION HAS NO revenue, no earnings and no proven gold, as well as some accounting issues. So why do its shares trade at a premium to peers that seem to be in much better shape?

It helps that its chairman and chief executive, James E. Sinclair, is famous for correctly forecasting gold prices, and he is very bullish on the metal on his avidly followed newsletter-style Website, www.jsmineset.com. Over the years, Sinclair's views on gold have been sought out by newspapers like the New York Times and on cable-TV networks like CNN. Barron's has interviewed him and run his advertising.


Jim Sinclair, shown on the U.S. Rare Coin Investments Website, is bullish on gold prices. He expects them to rise to about $1,650 an ounce by 2011.
So it is surprising to learn that the widely known bull on gold has been a steady seller of shares of his own gold-related company.

Tanzanian Royalty (ticker: TRE) is a small-cap Canadian outfit (including its predecessor) that has been looking for gold for a decade. None of its properties, all in Tanzania, have yet shown economically viable mineral reserves, as defined by regulators. Were it valued more like rivals with similar cash and gold reserves, its share price would be substantially lower than the current $4.05.

TRE's market capitalization is $370 million. Some rival miners with more cash on their balance sheets than TRE and actual gold have market caps one-sixth that size.

Dubbed Mr. Gold by the media for prescient calls on gold in the late 1970s and 1980s, Sinclair ran his own precious-metals trading firm in those days. On his Website and in interviews, a bullish Sinclair today says gold will trade as high as $1,650 an ounce by January 2011 and says he would wager $1 million that it will. Gold was trading at about $881 an ounce Friday.

In an interview with Barron's last week, Sinclair disputed the view of TRE's shares as overvalued, saying the market cap was due to its less-capital-intensive structure and the potential of its properties. Moreover, he promised that a third-party evaluation of its important Kigosi property in Tanzania would be ready in "about six months."

While TRE puts out press releases on his share purchases, the CEO says he isn't required to put out press releases on his share sales.

In addition to Sinclair's devoted following -- he is sometimes referred to as "Uncle Jim" on Yahoo!'s TRE message boards -- shareholders could be speculating that he will sell TRE to a big miner. Though he was ousted as chairman of Sutton Resources in 1995, some remember that Sutton was bought by Canadian gold giant Barrick Gold (ABX) in April 1999 for its Tanzanian properties. Not everyone credits Sinclair for the deal, but some do.

There is no question that Tanzanian shares have done extremely well since Sinclair and his family became its largest stockholders in April of 2002 (as a result of a merger they ended up with about 25% of the shares, which trade on the American Stock Exchange, and on the Toronto Stock Exchange under the ticker TNX.Canada). TRE shares have soared about 711% since then. That trounces the 218% rise in the metal itself over the same period, though TRE has no gold reserves. Meanwhile, the American Stock Exchange Gold Bugs Index (HUI) composed of companies involved in gold mining -- many of which have gold in hand -- is up much less, just 198%. Since last summer, the credit crisis has hurt the juniors, as the small prospectors are called, on worries that they won't be able to get the financing needed to develop mines. In that time, TRE has fallen less than its peers.

[stenick] 12/4/2009 11:50

I had better take some more CLN.....as it is anti viral..

[stenick] 12/4/2009 09:59

s_s and to top it all its raining and that bloody cold has caught me aaaaaachooo.

[share_shark] 12/4/2009 09:16

Ah well, Stenick, what a difference a d ay makes, in these markets ?.

[stenick] 12/4/2009 08:29

OT I found this and I don,t really understand it but it says the markets are going to collapse in the very near future maybe even monday.


Is it a load of tosh or what?