Mining Minerals & Metals Share Discussion Threads

[diddlboy] 02/5/2006 09:35

Going places.?

[thecynical1] 02/5/2006 09:34

onwards and upwards...... ; )

[serious] 02/5/2006 08:49

creeping up nicely now!!!

[robbi123] 02/5/2006 08:47

lets not be silly lofty - read the independent piece again!

[loftypants] 02/5/2006 08:29

All very quiet?

Any word on when we get this update?

Should I sell the news?

Questions, questions

[xbh91] 01/5/2006 23:20

Good luck tommorow everyone

May the news of the 'one of the biggest gold find ever in Africa' arrive 1st thing tommorow morning

[bongo bwana] 01/5/2006 14:31

Let me suggest that some of U go buy a calendar or .....

Today is MONDAY the 1st May. As such its recognised across Europe as a Bank Holiday - a day when the markets dont open in the EU.

Comprehende?????

[csterling] 01/5/2006 13:16

daza75. which Monday?

[blueyonder] 01/5/2006 13:13

Not much rocketing so far!

[daza75] 01/5/2006 11:52

GEX will rocket on TUESDAY!

[daza75] 01/5/2006 11:52

Hillcoat believes gold and gold-related stocks are a smart play. "Anyone who
doesn't have at least some exposure to gold is leaving themselves short," he
said.

[daza75] 01/5/2006 11:51

Gold surges again as dollar loses its luster
- HONG KONG (AFX) -- Gold futures pushed to their highest levels since 1980
on Monday, with capital flowing to the precious metal as a weak U.S. dollar sent
investors in search of a safe haven.
The June contract climbed to $660.90 an ounce during Asian trading, up $6.40
from its Friday finish in New York. In April, gold prices swelled by almost 12%.
The dollar Monday fell to a seven-month low against the Japanese yen,
dropping to 113.05 before bouncing back to 113.25.
Hunter Hillcoat, a resources analyst at Austock Ltd in Melbourne, said gold
prices depend more on the metal's function as a play against the dollar than on
geopolitical factors, such as the ongoing standoff over Iran's nuclear program.
"Everything depends on U.S. economic weakness," Hillcoat said. "A perceived
weakness in the dollar sends capital into alternate sources of wealth. It only
takes a small move in reallocation of capital to have an exponential impact on
metals prices."
Hillcoat believes gold and gold-related stocks are a smart play. "Anyone who
doesn't have at least some exposure to gold is leaving themselves short," he
said.
The closure of key Asian markets, including Hong Kong, for the May 1 public
holiday did not slow gold's rise in Asian trading hours. European markets were
also shuttered for the break.
The surge in gold lifted Australia's benchmark stock index as mining and
resource companies gained.
Other analysts attributed the rally to a range of factors, including
politics, supply limitations and inflation fears.
"There's a vast variety of bull factors and they've all come together," said
Martin Hennecke, senior manager for private clients at Bridgewater Ltd in Hong
Kong.
"Global debt is out of control in many countries. On the other hand, you
have the possibility of war in Iran. The U.S. Geological Survey says there are
only 50 more years of proven reserves left underground, and above ground
stockpiles are also almost exhausted."
"We think that anything is possible," he said. "There's no limit for gold to
rise."
South Africa-based mining company Gold Fields predicted in April that
bullion prices would reach $800 to $850 an ounce in the next 12 to 18 months.
Goldman Sachs, J.P. Morgan and UBS have all raised their gold price forecasts in
recent months. In an April report, Goldman cited the rising U.S. current account
deficit, inflationary pressures and a weakening dollar among the factors making
gold a desirable buy.

[xbh91] 01/5/2006 10:03

ARC Faber, who told investors to bale out of US stocks a week before the 1987 Black Monday crash and then began recommending commodities to them at the end of 2001, says gold may rise tenfold in the next decade.

"If the Dow Jones goes up three times in the next 10 years, I think gold prices will go up by a minimum 10 times, to something like $US6000 an ounce," said Dr Faber, 60, who founded Hong Kong-based Marc Faber Ltd.

Dr Faber, an investment adviser and author of a newsletter called The Gloom, Boom & Doom Report, said gold wasn't expensive when "you compare its price to the quantity of money that has been printed in the last 10 to 15 years in the US and the world in general".

Gold for immediate delivery rose to $US645.85 an ounce on April 20, its highest in more than 25 years, as hedge funds and other speculators bought commodities to seek returns greater than from stocks and bonds.

Former George Soros partner Jim Rogers forecast on April 17 that gold would reach $US1000 an ounce.

The outlook for the precious metal depends on how much money US Federal Reserve chairman Ben Bernanke "will print", Dr Faber said.

"As you know, he has (spoken of) asset deflation," Dr Faber said. "He's concerned about real estate and stocks going down, so in the long run, for sure, he'll print money."

Pension and mutual funds are pumping record amounts of cash into commodities as China's booming economy stokes demand for oil and other raw materials, leading to a three-year boom in prices.

[lburby] 30/4/2006 14:47

BB.
why ?
do you think it's less ?

[bongo bwana] 30/4/2006 14:29

Relax guys, relax!

Good work Tonudiki.

[robbi123] 30/4/2006 09:21

good research tonudiki, i would say more around the 5million mark ;)

[xbh91] 29/4/2006 23:20

Nice piece of research tonudiki

Here's hoping it's going to lie somewhere between Morila and Target North

[tonudiki] 29/4/2006 22:16

Pure speculation I know, but it did stir the imagination a bit to read The Independant's comment last Thursday re Yanfolila.... "whilst some traders believe (it) could turn out to be one of the largest gold finds in recent African history".

Anyway, it did prod me into doing a bit of "Googling" to find out what the largest recent history finds have actually been in Africa, and I came across a world-finds report covering the period 1991-2003. It seems though, that there hasn't been a really BIG find in Africa since 1999. So, if "recent history" only goes back to 2000, it means that GEX haven't got a lot to beat to justify The Independants comment. If, however, recent history goes back 15 years, then the following info is worth a look at:-

Year Deposit Location Millions ozs.

1991 Sadiola hill Mali 6.94

1992 Target S.Africa 8.42

1993 Akyern Ghana 4.91

1994 Yamfo sefwi Ghana 6.33

1997 Morila Mali 12.30

1998 Target North S.Africa 24.48

1999 Burnstone S.Africa 5.98


Obviously, with any of the above size of find, the share price would soar, but I'm sure we would be delighted with 2 million ozs. or more for a v.nice uplift.

As for GEX having another "Target North" at 24.48 million ozs on it's hands, then we're strictly into Martin Luther King territory......"I have a dream" :-)

[valentine] 29/4/2006 20:13

Closed: May Bank Holiday

Can't wait for Tuesday.
Gold Up to record levels.

[loftypants] 29/4/2006 20:01

Is GEX traded on the Irish Exchange?

Is it open on Monday?

Many thanks

[bongo bwana] 29/4/2006 18:50

Not pivotal TC1 as there is more to do at Komana, but the AGM will also be very interesting in so far as how well GEX has led Goldfields to get the Sankarni Project drilling underway and what progress has been made in this regard.

There may even be a lil surprise at the AGM ( a + one of course ).