Mining Minerals & Metals Share Discussion Threads

[boischastel] 24/1/2007 08:08

RI. 24/10.

Nadler's Nuggets: Gold is back in the limelight
By Jon Nones
23 Jan 2007 at 12:29 PM

In today's update, Jon Nadler of Kitco.com, says a bullish mood has hit the gold market, underscored by solid investment buying.
"A pattern that had prices cautiously testing each ten dollar increment in spot values has now brought gold onto a track that could point to the $650 zone - just about where it started 2007, amid almost unanimous optimism from market pundits," said Nadler.
"Thus, we anticipate that even if perhaps the going won't be easy above or at that higher number, there will be repeated assaults upon it to test its strength. We have now seen this at $620, $630 and $640 as January has unfolded."
"A new quest for capital preservation appears to be taking hold among average investors and they are validating such an outlook with gold purchase levels not previously seen but once or twice in history," he concluded.
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Russian billionaire's Pala fund eyeing more gold producers
By Jon Nones
23 Jan 2007 at 03:01 PM

Russian billionaire Vladimir Iorich's $900-million investment fund Pala Investments Holdings Ltd. is studying further investment in gold producers.
Joseph Belan, managing director at Swiss-based Pala Investments AG, said gold miners are "near the top of the list" of resource companies the fund has an interest in.
Pala Investments recently became the largest shareholder in Australian gold mining company Avoca Resources Ltd. after buying a 13.3% stake from Gold Fields.

[robbi123] 23/1/2007 15:37

there's those large trades again? when will we ever get a holdings notification?

[deka1] 22/1/2007 16:34

IMO middle feb SS usualy 8-10 weeks between res upgrades

[share_shark] 22/1/2007 07:10

jm2. ;o).

Will we get news end of this month ?.

[jmelvin2] 19/1/2007 19:29

if i were rich i'd top up - or move out of other shares ?!?!?

[spaceparallax] 19/1/2007 10:35

Sadly, we continue to drift on lack of news - nothing new I suppose, but it'd be nice to think that the share price could retain some credit from the most recent update and retain support at 10p.

[boischastel] 18/1/2007 09:46

RI. 17 Jan 07.

Nadler's Nuggets: Breaking through resistance at $630
By Jon Nones
17 Jan 2007 at 12:22 PM

In today's update, Jon Nadler, analyst for Kitco.com, said the market took on a firmer tone once again, staging a course reversal and promptly recaptured $630.

"The apparent shrinkage in the number of foreign would-be buyers of U.S. securities cast a fairly long dark shadow upon the U.S. dollar once again. Certainly, enough of one to overcome the earlier effects of declining crude oil prices."

"While it is too early to celebrate, the willingness with which bullion is bouncing higher does give comfort to additional legions of potential buyers," he said. "The year's initial drop has now been halfway repaired, but apprehensions remain quite visible, as additional would-be longs keep hesitating each time energy prices take a dip, each time the Fed jawbones, and each time currency traders sneeze."

But "As mentioned yesterday, longer-term buyers may look back later and be reasonably happy about having bought around [lower] levels. So long as they have not spent all their money just yet," he concluded.

[tsmith2] 15/1/2007 11:37

2007 Work ProgrammeResource definition drilling at Komana West is scheduled to
recommence in mid/late January. This programme will comprise infill
drilling over a 1 kilometre strike length of the Komana West deposit
so that an ore resource estimate for that portion of the deposit may
be calculated prior to June 2007.
Drilling on a number of targets on the Sankarani Project, under the
terms of the Framework Agreement with a subsidiary of Gold Fields
Limited is currently underway and it is expected that results from
that programme may be available towards the end of January 2007.Hugh McCullough, EurGeol., PGeo, Managing Director of Glencar, is a
member of the Institute of Geologists of Ireland. He is a qualified
person as defined in the Guidance Note for Mining, Oil and Gas
Companies, March 2006, of the London Stock Exchange. He has reviewed
and approved the technical information contained in this
announcement.

[robbi123] 11/1/2007 13:52

hi val - u back in here yet? looking forward to the resources estimate in June! should have done rather well here and with chaco by then! its a shame about my bloody panr yesterday! im sure they will recover though!

hope all is well

[valentine] 11/1/2007 13:49

You'll probably find it is in the Express as well then.
They both run same line from financial out-source

[deka1] 11/1/2007 13:39

FWIW Glencar tipped in todays star

[branca] 11/1/2007 08:31

Lite trading say that a +ve drilling update maybe due

[bongo bwana] 10/1/2007 10:07

Id expect an RNS with the latest phase of GF's Sanakarani Project drill programme results by the end of the month. Not sure at this stage if firework like ore grade mineralisations (akin to Komana West Dec 2005) are expected but CEO of GEX has advised that the Sankarani Project area has been identified as containing similar geology as that of Komana West and targets with similar chemical and geological characteristics have been identified for close examination in this and later phases of drilling.

So, its important that the results be broadly encouraging for GF and the PI.

[bongo bwana] 10/1/2007 06:59

OK, well Ur very welcome.

I was concerned that I might have missed something.

[bongo bwana] 09/1/2007 17:46

. = ????

"Stenick" - what kind of a contribution was that ???

[spaceparallax] 09/1/2007 15:28

I'm watching still.

[robbi123] 09/1/2007 14:50

anybody about? expecting drill results in the next 3 weeks!