We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Moto Goldmines | MOE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 315.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 315.00 | 315.00 |
| Top Posts |
|---|
Posted at 24/10/2009 09:45 by robson1974 anyone looking for the next MOE might want to look at MWASOME OF THE WORLD'S MOST IN-DEMAND GOLD STOCKS Beyond Moto - African gold stocks rock Author: Barry Sergeant Posted: Friday , 23 Oct 2009 JOHANNESBURG - Moto Goldmines disappeared from stock market listings this week, following its friendly takeover by a joint venture involving AngloGold Ashanti and Randgold Resources, the target being more than 20m ounces of gold that have been outlined at the Moto project in the far north east Democratic Republic of the Congo. The transaction has further intensified investor interest in listed gold stocks active on the continent as a whole; at least 80 names can be identified. A good number of these stocks currently rank as the world's most in-demand gold stocks, as indicated by the table that follows this article. While gold mining in South Africa has been very much a formal activity for well over a century, various kinds of gold mining activity have for many centuries characterised gold belts located in parts of Africa. New "discoveries" are indeed rediscoveries; relative to the gold belts available, very little modern exploration has taken place. In the DRC, as an instance, the semi-continuous Kilo Moto greenstone belt is currently under exploration by Moto Goldmines, AngloGold Ashanti (separately, to the south) and Mwana Africa. London-listed Mwana recently announced an initial resource of 452,000 ounces of gold outlined on the Zani-Kodo trend within the Kilo Moto gold district. The general Kilo Moto location is remote, and the new Moto JV partners will be budgeting good amounts of money for basic infrastructure, and rehabilitation of one or more of a number of run-down hydropower facilities. History shows, however, that these are old hats, albeit good ones. The semi-continuous Kilo Moto greenstone belt was exploited primarily in the 1950s and 1960s by Belgian charter companies, producing more than 3m ounces of a total recorded 11m ounces of gold production from hard-rock mines in the Kilo Moto belt. The mining was mainly focused on surface operations, a mixture of alluvials and shallow oxide pits. The concessions are like small countries. To the south of Zani-Kodo lies what's currently known as Mongbwalu, where the 10,000 km2 kilometer concession 40 (AngloGold Ashanti, 86.22% and OKIMO (a DRC parastatal), 13.78%) is being extensively explored by AngloGold Ashanti. Mwana Africa, in a 80:20 JV formed with OKIMO, holds gold mining rights over 1,610 km2 in Orientale Province. The Moto Goldmines project, 570km north east of the city of Kisangani and 150km west of the Ugandan border town of Arua, covers an aggregate lease area of some 1,841 km2. Activities to date have primarily focused on just 35 km2 surrounding the old Durba gold mine, where a monumental resource of 25.7m ounces of gold has been outlined. |
Posted at 12/7/2007 15:11 by makkaroni they got it save!!!RNS Number:1224A Moto Goldmines Limited 12 July 2007 NEWS RELEASE FOR IMMEDIATE RELEASE TSX Code - MGL July 12, 2007 AIM Code - MOE MOTO GOLDMINES LIMITED - UPDATE ON DRC COMMISSION REVIEW PERTH, WESTERN AUSTRALIA -As previously announced (see Moto Goldmines Limited (" Moto" or the "Company") November 8, 2006 news release), Moto and L'Office des Mines d'Or de Kilo-Moto ("OKIMO"), a Congolese para-statal entity have entered into a simplified contractual arrangement (the "November 2006 Protocol") to govern the development of and future production activities at the Moto Gold Project ( "the Project"). As previously announced (see Moto's April 30, 2007 news release), a Commission has been appointed under the authority of the Minster of Mines of the Democratic Republic of Congo to review various mining agreements entered into by the Congolese government, including agreements entered into by OKIMO with Moto's Congolese subsidiaries. The Commission has commenced its work and it has reviewed the OKIMO contracts. The Commission has had discussions with OKIMO and Moto has also made an oral presentation to the Commission. Whilst the Board of Directors of Moto is confident that the arrangements with OKIMO are fair to both parties and that the terms of the November 2006 Protocol should be confirmed, the Board remains concerned as to the timing for the formal conclusion of the process. Moto is pressing for a formal announcement of both a timetable for conclusion of the review and for publication of the results. For further information in respect of the Company's activities, please contact: Klaus Eckhof Mark Arnesen Andrew Dinning President and Chief Financial Director and Chief Operating Officer Executive Officer Chief Financial Officer Tel: (61 Cool 9240 1377 Tel: (61 Cool 9240 1377 Tel: (61 Cool 9240 1377 Email: Email: Email: adinning@motogoldmin eckhofk@crcpl.com.au marnesen@motogoldmin Nominated adviser for the purposes of AIM: RFC Corporate Finance Ltd Contact: Stephen Allen Company website: www.motogoldmines.co Caution Regarding Forward Looking Statements: Statements regarding MGL's plans with respect to negotiating an increase in its interest in and developing the Moto Gold Project are forward looking. There can be no assurance (i) regarding the final nature of the detailed agreements or that the detailed agreements will be concluded in a form that is satisfactory to the parties involved; and (ii) that any mineralisation will be proven to be economic, that anticipated metallurgical recoveries will be achieved, that future evaluation work will confirm the viability of deposits identified with the project or that future required regulatory approvals will be obtained. This information is provided by RNS The company news service from the London Stock Exchange END MSCGCGDRGBBGGRD For Related News, Double Click on one of these codes: [RNS] [GDM] [EUROPE] [WEU] [GB] [REG] [LEN] [MGL.TO] [MGLq.L] For Relevant Price Information, Double Click on one of these codes: Thursday, 12 July 2007 10:14:08RNS [nRNSL1224A] {EN}ENDS |
Posted at 07/11/2006 18:06 by wassapper Moto and the DRC reviewed in latest MinewsAnvil Mining Offers Good Earnings Growth From Copper And Cobalt Plus A Nominal Dividend By Jack Hammer Hard to believe that the Democratic Republic of Congo could be turned into such a good news story so quickly. Nevertheless with reasonably straightforward elections in the summer, money pouring in from mining and other interests, and catastrophes in abundance elsewhere in the world, Congo is almost becoming a decent address these days. For those who dislike political risk there's no doubt that the Congo is still too much of a stretch, but for those who like to follow the money it's a different story. There's plenty going into the DRC, much of it directed towards the historically more restful areas in the south on the copper belt and along the border with Zambia. .. more.. |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
