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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Moto Goldmines | LSE:MOE | London | Ordinary Share | CA61981U1084 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 315.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
24/10/2009 09:45 | anyone looking for the next MOE might want to look at MWA SOME 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. | robson1974 | |
24/7/2009 05:08 | Proactive have an update! | andy | |
16/7/2009 16:52 | Rival bids for Moto - news article | investinggarden | |
11/5/2009 17:45 | Moto a t/o candidate? Fully financed, but "whoever likes MGL to buy, he should pay what MGL is worth" CEO said! Good words, and a strong board! | banagherotto | |
11/5/2009 17:45 | Moto a t/o candidate? Fully financed, but "whoever likes MGL to buy, he should pay what MGL is worth" CEO said! Good words, and a strong board! | banagherotto | |
25/2/2009 20:30 | Possible all-share offer from Randgold coming up? | munin | |
18/2/2009 17:47 | Being in the DRC makes me nervous,in spite of the potential. | imperial3 | |
18/2/2009 11:00 | Cant understand why these are so high for an exploration company, even though the inferred resources are in millions of ounces. In my view there is one having a hole in the ground with possible riches and the other actually getting it out of the ground and producing the gold bars. | cezary | |
17/2/2009 15:37 | Whats going on here?? | liam1om | |
13/2/2009 12:07 | looks impossible to get half a billion finance in current climate. Project is very robust and good. But I don't think they will be able to develope it without a huge JV partner. | tatser | |
11/11/2008 07:38 | Due to the changement of government the confirmation of mining cointracts could be awaited now. | banagherotto | |
12/10/2008 09:11 | quazie12 The reviewing of the contracts by the government will be finished within the next days. No fundamental changes are exspected.This reviewingprocess indicated to many investors, that an investment in Moto is "unsure" and the DRC is too risky to invest. Moto Golmines is well financed and at the border to become a producer. (low production costs) Watch the video here: (it was presented already in 2007 in Germany) | banagherotto | |
10/10/2008 12:37 | Bana Why do you think now is the time ? regards q12 | quazie12 | |
30/9/2008 18:30 | Moto is excellent positioned and the start position can't be better! A good rallye could be awaited after October, 16th! | banagherotto | |
29/9/2008 07:54 | it is time to go (in)! | banagherotto | |
07/11/2007 14:48 | looks like we are off > next stop £2.50 per chance. | metalera | |
06/11/2007 22:11 | Ich hoffe es geht endlich mal los mit Moto Gold Eine zweite 16. August were schön 18.5MM oz for a MarketCap C$ 215 (Cash position C$50) Expected cash costs average US$ 274 per ounce gold Initial output 290,000 oz pa with significant ramp up potential | vanbrussel | |
29/10/2007 16:28 | Seems Moto has only "light" reviewing discussion because Tangold JV. if this was all.... nice run ahead | makkaroni | |
29/10/2007 16:21 | OT: If someone interested in other DRC stocks, take a look at LAQUINTA Resources TSX:LAQ The 3. gold player in DRC after Moto and Banro... 7100 sqkm in Twangiza Namoya Area Market Cap 8 Mio....CAD | makkaroni | |
29/10/2007 16:18 | Contrats de partenariat signés entre les entreprises publiques et privéesl Écrit par Admin 29-10-2007 | makkaroni | |
25/10/2007 20:39 | I ONLY say its an interesting stock thats not a ramp is it. | gardenarc | |
25/10/2007 16:56 | have moved a few share in - post DRC scare, gold doing well, about 100% underavlued to its peer group > timing seems about right... | metalera | |
25/10/2007 03:42 | Just me here huh ? But an analyst in Britain says the licence system is proving a brutal experience for other firms. "Africo, Brinkley Mining, Exxaro Resources and Moto Goldmines have all had mining licences taken from them by government and they won't be getting them back in the same form before they were revoked." | pezza2 |
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