Peninsular Gold Share Discussion Threads

[rbento] 18/11/2009 17:05

finally this stock is moving on up. Very happy with the update, confirmed the production details in my model. Im hoping for an EPS of 8p-9p this year, indicating a share price of 90p-100p currently!

onwards and upwards.

[jonny flame] 17/11/2009 16:25

Progressing nicely, and still only has a market cap of £33m! Highlights for me include the following;

- In production, with production ramping up, produced 11,000oz between Feb and end of Oct

- Progessing with plant expansion from 1.1mta to 2.0mta

- Ambition to discover 5millon oz in Mayalsia

- Low cost producer, estimated to be around US$300 an oz, (although we do not currently know the actual cash costs)

[jonny flame] 17/11/2009 16:16

17 November 2009 PENINSULAR GOLD LIMITED

COMPANY UPDATE - Operational update

New exploration licence areas

The Company is pleased to announce the following updates on its wholly-owned subsidiaries:

Raub Australian Gold Mining Sdn Bhd ("RAGM")

Operational Update

Production is progressing well since the Raub mine's first gold pour in February 2009.

Gold production to the end of June 2009 was 5,423 troy ounces (ozs) and from July to the end of October was 5,575 ozs. October production was up to approximately 1,520 ozs and is expected to increase as RAGM steadily ramps up its throughput.

As a low cost producer, the recent significant increase in gold price is gladly received and the Company is also pleased to announce that RAGM's entire production is currently unhedged.

Update on Plant Upgrade

Further to the Company's announcement on 10 August 2009 on its plant upgrade from its current capacity of 1.1 mtpa to 2.0 mtpa, RAGM has conducted additional confirmatory testwork to confirm the plant design.

Work on the plant upgrade is currently progressing well and on target to meet the expected scheduled completion date.

S.E.R.E.M. Malaysia Sdn. Bhd. ("SEREM")

The Company's other wholly owned subsidiary, SEREM, has informed the Company that it has received approval for two of its applications for new tenements. The newly approved tenements, located along the same major gold trend as the Raub and Tersang deposits, are:

a. An area at Sungai Tersang, Mukim Batu Talam in the Raub District. The Prospecting Licence
covers an area of 342 hectares and is for a period of two years. The Batu Talam ('Chunchok')
area is located approximately 15km north of the Raub operations and 2km south of the
Company's Tersang project area.

This area includes the prospective and high grade Chunchok occurrence where samples have returned values of up to 12.30 g/t Au.

b. The Bukit Kajang area in the Raub district of Pahang, Malaysia. The Exploration Licence covers an
area of 2,100 hectares and is for a period of 3 years. The Bukit Kajang area is approximately 7km
north of the Company's operational mine at Raub. The tenement has not been explored in detail
previously, but is situated along the same set of gold bearing structures.

The Company believes that the grant of these licenses is an important step in its ambition to discover a minimum of 5 million ounces of gold in Malaysia.

[wayoutwest] 17/11/2009 13:22

Big appetite around for gold plays (see article below), and nice to have an update from PGL today.

[captain_crash_and_burn] 16/11/2009 13:10

Well looks like we've definetly broken out now, and gold price still going north 1128 as write which is pretty dam awesome.

[bw64402] 13/11/2009 17:59

RNS on Monday perhaps. Either way, this is going exactly as planned. Not a lot of interest / quiet BB - perfect for heading north...

[luckyjonah] 13/11/2009 15:55

Errr, what happened at 3pm? Did this get tipped? Loads of buys going through but no RNS.

[bw64402] 09/11/2009 20:35

Looking good here...

[corrientes] 09/11/2009 16:29

Yes, sharp increase on derisory volume and spread tightening. Glad I bought in a couple of weeks back.

[jonny flame] 09/11/2009 16:21

Things starting to hot up with this overlooked little beauty

[captain_crash_and_burn] 06/11/2009 08:51

If this keeps going then a clear trend will be developed in the chart and we may even get some of those crazy chartists piling in, i can see a small head and shoulders pointing up between the period of august to the end of october check it out, then again i'll be honest i don't buy into chatying that much.

[jonny flame] 05/11/2009 17:13

Yeah the large buys looks interesting, could be someone buying in? Perhaps we will find out shortly via an RNS. Maybe that Jim Slater bloke :) See GDP & NGL

Kooba - towards the end of this month? All I know is interims were released 8 months ago on the 13th March.

CCB, yeah 75p would certainly not be out of the question, in fact I'd say thats fair value if the company is on target with everything they have spoken about previously.

[corrientes] 05/11/2009 14:45

Like the small number of high value buys.

[captain_crash_and_burn] 05/11/2009 14:43

Cracking progress here, could she be about to blow? I don't see an mcap of 40 mil i.e. share price of 75p ish as outrageous in the near future for this share. Lets just keep hoping the gold price keeps up the good work and behind the scenes everything is still running ahead of managements expectations like the last time we heard.

[jonny flame] 05/11/2009 11:07

OK excellent, could you add a link to the Plus market PGL page please so that we can quickly access the site to check on trades.

[wayoutwest] 05/11/2009 09:32

I am actually still here JF. Still checking in anyway.

[kooba] 04/11/2009 17:16

JF yep good performance against sector at last.when are you expecting results?

[jonny flame] 04/11/2009 15:40

o'yeah come on baby! Much more to come here, if results are good this will really fly.

[jonny flame] 03/11/2009 17:17

Perhaps we should set up a new thread as 'wayoutwest' no longer seems to be here?

[jonny flame] 03/11/2009 16:16

Two large buys went though today at 40p, one for £160,000.....

[corrientes] 03/11/2009 09:44

Well I bought in again yesterday. Seems that high production costs are the achilles heel of most of these small miners, but hopefully not here to judge by company announcements.

[captain_crash_and_burn] 02/11/2009 14:42

gold now at 1056 lets hope it keeps going.