Minmet Share Discussion Threads

[wanderlust] 06/1/2012 18:03

Hey Beau how goes it? Hope you had a good Christmas & New Year.
Fell off a sodding ladder yesterday, which is why I'm sat here all day winding up a few muppets on the SNRP thread.

Yeah, I do seem to remember that question coming up before & somebody found the link.

[piperpeter] 05/1/2012 13:37

Promoter? Moi?

"The wells are expected to take 35 days to drill and are expected to be tied in immediately".

Viva El Presidente!

Pp.

[piperpeter] 05/1/2012 13:19

Andy.

Viva El Presidente!

Pp.

[solarno lopez] 05/1/2012 13:14

The question remains why were they suspended

[andy] 05/1/2012 13:11

Piperpeter - 3 Jan'12 - 23:07 - 2169 of 2176

I can never read the word "President" without it reminding me of President Petroleum.

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You were the biggest promoter of that stock, I actually thought you worked for the company in some capacity!

[solarno lopez] 05/1/2012 13:09

The question is why have they been suspended cos nobody is saying

[piperpeter] 05/1/2012 12:57

Maybe they're trying to decide what a potential $16 billion gold resource equates to in market cap terms?

Also note that the calculation is at $1500 per ounce.

What will the market cap be when the shares come out of suspension?

Where will the share price go?

Higher or lower than five cents?

Pp.

[solarno lopez] 05/1/2012 12:27

That is extremely helpful. Unfortunately STANDARD GOLD MINES has been suspended for sometime at 5c and nobody knows why. 5c is a far cry from E1

[piperpeter] 05/1/2012 11:50

solarno lopez.

Your post 2149, could the following link have any relevance to a potential valuation of the 30 million shares?



Pp.

[solarno lopez] 04/1/2012 10:00

just watch how fast it spins and where it stops !!

[wanderlust] 04/1/2012 09:59

What's that sol, the revolving door of opportunity?

[solarno lopez] 04/1/2012 07:44

And no doubt they will give their last asset away for free as well

[wanderlust] 04/1/2012 00:52

Does nurse know you're up?

[piperpeter] 03/1/2012 23:07

I can never read the word "President" without it reminding me of President Petroleum.

President, President, President........

Viva El Presidente!

PPC.

Pp.

[anandi] 03/1/2012 13:37

The Shareholder value that Minmet let go! ......

News Release - Wednesday, December 14, 2011
Gold-Ore Reports 2011 Year-End and Fourth Quarter Production Results - Record Monthly Gold Production in November

--------------------------------------------------------------------------------
Gold-Ore Resources Ltd. (TSX: GOZ) is reporting Fourth Quarter and 2011 Year End operational highlights for the 100% owned Bjorkdal Gold Mine in Sweden. The mine produced 40,338 ounces of gold during the 2011 fiscal year. Audited annual financial statements will be presented by the end of February 2012.

Fourth Quarter and 2011 Year End Operational Results



Q4 2011 YE 2011
Tonnes processed 312,985 1,215,015
Daily throughput - tonnes 3,439 3,329
Head grade - grams/tonne 1.10 1.16
Gold recovered - ounces 9,867 40,338
- kilograms 306.9 1,254.7
Average plant recovery 88.7% 88.6%


2011 Operational Highlights

Produced 40,338 ounces of gold (1,254.7 kilograms)
Record monthly gold production of 4,363 ounces in November
Completed 5,220 metres of underground development in 2011
Continued purchasing heavy machinery to reduce reliance on contractors and transition towards owner-operator status
Successfully implemented several cost reduction initiatives
Continued to expand resources and replace mined reserves
"Gold production is anticipated to increase in 2012 due to plant improvements and increased mining rates underground," stated Bob Wasylyshyn, Gold-Ore's president. "Recent adjustments in the plant have increased our daily processing rate by 10%. We are currently running at 3,500 tonnes per day and plan to maintain this rate. Our underground mining rates have suffered from machinery availability and, during the last few months, three pieces of heavy machinery were ordered or delivered. In February we will take receipt of a new LHD mucker and an explosives loading unit, which will increase our tonnes produced from underground."

During November the mine produced 4,363 ounces of gold and set a new monthly record surpassing the previous record of 4,208 ounces set in May, 2011. This was a result of above average grades encountered in the open pit and increased plant throughput.

About Gold-Ore

Gold-Ore Resources is a gold producing company focused in the low political risk jurisdiction of Sweden. The Company's primary asset is the Bjorkdal Gold Mine, which has produced 1,050,000 ounces in the last 23 years of operation. The estimated gold resources from underground and open pit at Bjorkdal are: measured - 188,000 ounces (2.3 million tonnes grading 2.56 g/t), and indicated - 732,000 ounces (14.2 million tonnes grading 1.6 g/t). Drilling is expanding the resources, indicating a long mine life at current gold prices. The Company has a strong balance sheet, generates significant cash flow from gold sales, and remains un-hedged. Gold-Ore has maintained a good capital structure, with only 85.4 million shares issued (90.9 million fully diluted).

For more information please contact the Company at [phone] or Troy Winsor at 1-800-663-8072. Bjorkdal property information is posted on the Company's web site at www.goldore.ca

The Company's financial statements and management's discussion and analysis are available at www.sedar.com and on the Company's website at www.goldore.ca.

ON BEHALF OF THE BOARD

Robert Wasylyshyn, President

[solarno lopez] 29/12/2011 16:02

Too true Monty they have sold the TUX project how many times now and failed everytime and even then they cannot get the valuation correct...what are we to do cos if we do nothing the people pulling the strings will win and the shareholders will lose.

We need somebody like Shakoor to rally the troops

[solarno lopez] 23/12/2011 12:45

Anyway have a good break and enjoy the time thanks for the effort Shak much appreciated

[wshak] 23/12/2011 12:42

Fellas,

The AGM was adjourned, since the ODCE would not allow them to proceed with substantive business without providing audited accounts.



There remains an outstanding criminal complaint against MinMet and its officers, which was passed on to them by the Serious Fraud Office (London) after an official statement was made to them earlier this year - it's up to the Irish Garda what they want to do with it.

My absence from this forum does not mean that I have been paid off - just that I have better things to do.

Merry Christmas guys, I hope you did well elsewhere this year.

WShak

[solarno lopez] 23/12/2011 11:35

That seems to be the consensus

[clocktower] 23/12/2011 11:33

Maybe he had a pay-off to go away. Well done to him if he got it.