Peninsular Gold Share Discussion Threads

[tiger60] 10/9/2010 19:23

that will be it....post again!

[jonny flame] 10/9/2010 11:15

Perhaps some investors have been reading my posts:)

[luckyjonah] 10/9/2010 09:49

Whoa, 5 trades in just 3 seconds on LSE - what's going on? Tip somewhere maybe?

[morkandmindy] 10/9/2010 09:39

This is looking very frisky this morning ;-)

[luckyjonah] 08/9/2010 08:22

Well the ISA issue is a pain for sure, but I don't think you can tar all AIM companies with the same brush. As for their "recent record", I'd say they'd delivered well above average for a small gold producer - CIL plant up and running only a few months late, a CEO who financially supports the company, buy back of convertibles to reduce potential dilution, plant up and running at full capacity with no significant issues apart from the ore grades dipping below JORC average, and now fully financed to double capacity whilst moving onto higher grade material. Not sure which bits you'd want for it to be more compelling - a bit more luck with average grades (out of their hands), full ramp up achieved a bit quicker... the only issue is the increasing costs, although a lot of that is out of their control, eg. POO and FX. Pioneer Status for tax has over 3 years left to run too.

[boadicea] 07/9/2010 22:57

Actually not Kazakhstan for me, but rather Patagonia, Peru and Phillipines.
I did look at PGL but remained unconvinced. Not so much by the company, its operations or location as by the fact that it was only quoted on AIM and therefore had no support of another major market. Additionally it could not qualify for an ISA where most of my readily available financial resources are now located.
AIM is more loosely regulated and notorious for its participants floundering on paltry valuations, so I'm afraid it would have required a more pressing reason to invest than its not particularly compelling recent record.
However, it is on my watch list and will get reviewed.

[jonny flame] 07/9/2010 09:35

Plenty of buys coming through this morning, maybe 'investors' are waking up to the fact that this is a producer, with the potential for declining cash costs and increasing production, which is valued at less than 30m GBP (correct me if I am wrong). They also have ambitions of becoming a 100,000oz producer by 2011-12, again correct me if I am wrong!

IMHO - I think we could move back upto 60p in the next few weeks, time will tell I suppose.

[jonny flame] 02/9/2010 17:12

Tick up at close.....is anyone else watching this stock? It seems to be the most under loved gold stock that is a PRODUCER that I know of.

[jonny flame] 02/9/2010 10:53

Plenty of buys this morning.

Production steadily increasing, cash costs of 550 US $ an oz which could be reduced over time, high grade material looks like it will be processed, things looking up here. Will we see a HMB type share performance over the next few months, like I indicated a few weeks ago?

Extended unfavourable weather conditions restricted access to some of RAGM's
scheduled mining areas - including zones with higher grade material. These
conditions also adversely affected the achievable mining rate and prolonged the
period of lower grade feed resulting in average cash operating costs of around
US$550 per ounce.

[jonny flame] 01/9/2010 09:23

Picked up a few more shares today, I think this maybe the bottom.

[buzzzzzzzz] 24/8/2010 12:19

Where is post 469????????????

[standtall] 23/8/2010 13:02

DJ Peninsular Gold Ltd Operations and Exploration Update

TIDMPGL

RNS Number : 4807R

Peninsular Gold Limited

23 August 2010

?

23 August 2010

Peninsular Gold Limited

("The Company")

Operations and Exploration Update

Peninsular announces record monthly production and positive drill results at its Raub gold project in Malaysia

Highlights:

· Operations

o Improved throughput and gold production at Raub mining operation o Successful transition to Company-managed operations

o Improved recovery and throughput under RAGM's Technical Chief Operating Officer Laurie Mann - an industry leader in gold processing technology · Exploration

o Encouraging results drilling below historic Raub mine site oxides o Significant intersections of 3.67 metres @ 8.25g/t Au and 31 metres @ 1.62g/t Au

o Record production of 1,880 ounces in July

o Planning for an expanded drill programme targeting one million-ounces of additional resources

The Directors of Peninsular Gold Limited are pleased to present the following operations, exploration and management update for the Company's wholly-owned subsidiary, Raub Australian Gold Mining Sdn. Bhd. (RAGM).

Operations

Record gold production of 1,880 ozs in July capped a period of stabilisation in the Company's gold operations at Raub. The record production in July followed May and June gold production of 1,438 ozs and 1,618 ozs respectively. July was also the highest ore processing month to date with a throughput of 105,000 tonnes.

Extended unfavourable weather conditions restricted access to some of RAGM's scheduled mining areas - including zones with higher grade material. These conditions also adversely affected the achievable mining rate and prolonged the period of lower grade feed resulting in average cash operating costs of around US$550 per ounce. The recent rise in cash operating costs has also been driven by increased environmental management costs, some higher reagent costs and the strengthening of the Malaysian Ringgit against the US dollar.

The RAGM team's ongoing commitment to safeguarding the environment is and will remain paramount. This commitment is reflected in specific, best practice led, operating procedures and activities for mining, processing and tailings management.

Exploration

Encouraging first assay results have been received from the Company's current diamond drilling (DD) programme. Assay results received from the first three holes from which assay results have been received reinforce data from the only previous DD holes drilled by the Company at Raub - an extension of a hole twinning exercise during the JORC evaluation of the oxide resource in 2006.

The drilling has been focused on the Raub Lode structure below an oxide zone containing a previously announced JORC-compliant 218,000 ounce resource (3rd June 2008).

Key details of the drill programme are listed below:

· The current DD programme comprised of a total 1,304 metres in six holes, all of which have now been completed

· Five holes tested the deeper exploration potential along the historic Raub mineralised structure and one hole was a sterilisation hole testing beneath the main valley where the current tailings reserves are held

· The average distance between the exploration holes was about 120 metres except between holes DDH2 and DDH3 where the distance was about 400 metres · The holes were inclined between 45 to 55 degrees with four holes west facing and two holes east facing

· The holes ranged in depth from 162 to 300 metres

· Drill core is being logged, split and sampled

· Samples are being prepared at the commercial Raub mine-site laboratory and gold determinations are being completed by fire assay using a 50g charge and an AAS finish at the Intertek laboratory in Jakarta, Indonesia

· Final assay returns have been received for DD holes 2, 3 and 4. The results of the final two exploration DD holes 5 and 6 are yet to be received.

Highlights of the results available to date include the following selections:

+------------+----------+------------+----------+------------+----------+-------------------------+----------+
| Hole | Width | Grade | Depth | Notes |
| Reference | Metres | g/t | (metres | |
| | | | downhole) | |
+ + + +-----------------------+ +
| | | | From: | | To: |
+-----------------------+------------+----------+------------+------------------------------------+----------+
| 2010 Diamond Drilling |
+------------------------------------------------------------------------------------------------------------+
| DDH 2 | 31.00 | 1.62 | 6.60 | 37.60 | Incl. 3.13m @ 4.03g/t |
+-----------------------+------------+----------+------------+----------+------------------------------------+
| DDH 3 | 3.65 | 3.07 | 26.55 | 30.20 | |
+ +------------+----------+------------+----------+------------------------------------+
| | 2.80 | 1.28 | 34.80 | 37.60 | |
+ +------------+----------+------------+----------+------------------------------------+
| | 2.72 | 1.68 | 54.40 | 57.12 | |
+-----------------------+------------+----------+------------+----------+------------------------------------+
| DDH4 | 1.75 | 3.38 | 69.75 | 71.50 | |
+ +------------+----------+------------+----------+------------------------------------+
| | 3.67 | 8.25 | 82.93 | 86.60 | Incl. 1.00m @ |
| | | | | | 28.60g/t |
+ +------------+----------+------------+----------+------------------------------------+
| | 2.60 | 2.50 | 101.90 | 104.50 | |
+-----------------------+------------+----------+------------+----------+------------------------------------+
| 2006 Diamond Drilling (not previously announced) | |
+-------------------------------------------------------------------------------------------------+----------+
| DDH 1 | 5.60 | 3.43 | 273.10 | 278.70 | Incl. 1.72m @ 12.30g/t | |
+------------+-----------------------+----------+------------+----------+-------------------------+----------+
| DDH 460 | 7.20 | 4.14 | 219.00 | 226.20 | Incl. 1.80m @ 12.27g/t | |
+------------+-----------------------+----------+------------+----------+-------------------------+----------+
| DDH460 | 1.80 | 5.57 | 231.60 | 233.40 | | |
+------------+-----------------------+----------+------------+----------+-------------------------+----------+
| | | | | | | | |
+------------+----------+------------+----------+------------+----------+-------------------------+----------+

Dr. Yves Cheze, a geologist and Director of Peninsular Gold considers that the latest results are highly encouraging, confirming the extension of oxide mineralisation in the primary ore.

The programme, which included drilling within the envelope of the old underground workings, has reinforced the Company's confidence in the potential of the Raub project.

Once all results from this initial DD programme have been received and analysed, the next steps will include the design and execution of a more extensive drilling programme with a target to identify at least one million ounces of gold within the envelope of the old underground mine.

Management

RAGM has completed the transition from an operations management contract to an in-house operations team led by Technical Chief Operating Officer, Laurie Mann.

Mr. Mann, who has 40 years experience in the resources industry spanning a diverse range of world-class projects, joined RAGM in January this year and has played a leading role in optimising operations and enabling the transition to an in-house operational management team. He will play a key role in the plan to double throughput at the project to two million tonnes a year and begin treating oxide ore. Immediately prior to joining RAGM he was the Commissioning and Ramp-Up Manager at Newmont's Boddington Gold Mine in Western Australia - the world's largest gold processing plant. His other previous positions include Resident Manager at Kaltails, the world's third-largest tailings retreatment plant. He also successfully re-established the Malaysian gold mine at Bau, in Sarawak in 1984, using the Carbon-In-Leach process.

Further information:

Dato' Sri Andrew TY Kam

Chairman & Chief Executive

Peninsular Gold Limited

Tel : [phone]

Patrick Watson

Finance Director

Peninsular Gold Limited

Tel : [phone]

Richard Greenfield

Ambrian Partners Limited

Tel : + 44 207 634 4700

Shane Gallwey

Astaire Securities plc

Tel: [phone]

Ed Portman/Leesa Peters

Conduit PR

Tel: [phone]

Independent Adviser's Declaration

(MORE TO FOLLOW) Dow Jones Newswires

23-08-10 1201GMT

The information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves for the Raub area is based on information compiled by Bryan (Mort) Cowan who is a Member of the Australasian Institute of Mining and Metallurgy. Mort Cowan is an independent consultant geologist to the Company. The Directors of the Company are satisfied that he has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves" as published by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia. Mort Cowan is qualified as a qualified person as defined in the March 2006 Edition of the AIM Note for Mining, Oil and Gas Companies. Mort Cowan consents to the inclusion in the report of the matters based on his information in the form and context in which it appears and confirms that this information is accurate and not false or misleading.

This information is provided by RNS

The company news service from the London Stock Exchange

MSCKKNDPDBKDFFB

(END) Dow Jones Newswires

23-08-10 1201GMT

[tiger60] 08/8/2010 12:33

Signs of a bottom here for the brave.

And it seems sentiment is shifting back to gold - should be interesting.

[jonny flame] 03/8/2010 16:44

The chart looks v similar to HMB, except PGL seem to be about 3-4 months behind HMB. If true then expect further downward movement on the share price (without positive news) before the rerating during the end of the summer Autumn time. Obviously time will tell. I bought HMB April time at 4p and made some good gains their and looking to do the same here.

[jonny flame] 01/8/2010 18:34

About time we had an update, they are overdue updating the market;

07 June 2010..."The first assay results from this phase of the program are expected during July and will be used to confirm the targeting for the remainder of the program".

[corrientes] 22/7/2010 19:28

Maybe with Penjom becoming of secondary interest in AVM's ambitions, Malaysia is no longer being regarded as gold territory for the active investor.Further, as PGL moves like a tortoise,that is taking its toll on the share price.People are just bored with the company. Come on, WAKEY WAKEY.

[jonny flame] 22/7/2010 18:01

The share price is now back to Nov 09 levels.

[kickstart] 28/6/2010 09:52

Nasty drop today, I wonder why ?

[jonny flame] 22/6/2010 13:02

from the recent ops update so news due in July;

Exploration Drilling at Raub

The first phase of a diamond drilling program is now underway at the Raub
project site with the objective of targeting the expected deeper fresh ore below
the shallow oxide material. The first assay results from this phase of the
program are expected during July and will be used to confirm the targeting for
the remainder of the program.

[jonny flame] 21/6/2010 17:04

Another nice rise today.

[luckyjonah] 18/6/2010 12:08

rbento - not sure what you mean, PGL have never communicated anything directly to shareholders in my experience. I think it's more the case that this is an illiquid share and there is a slow trickle of sellers who are bored with the lack of news. Don't forget that gold is way higher than expected so that offsets the lower production figures with costs at only $400/oz. As mentioned in the report, the plant *is* meeting its planned capcaity of 90,000 tonnes of ore per month, it's just the lower grades going through that are reducing the gold figures. If you look at the history of the company, they have performed exceptionally well for a gold company, hardly any delays and generally ramping up and meeting production exactly as promised. How many other gold producers met and maintained full plant capacity on track in the first year?

The plant upgrade is expected to complete in 1Q11 so I can't see that the funding isn't in place and already underway, plus there is double-grade oxide material plus newer drill results looking for higher grades. Add in the second plant at Tersang and 3 years remaining on their Pioneer Status (just 3.8% tax) and my conservative spreadsheet model (assuming gold prices declining to $600 over the next 9 years) gives an NPV10 figure of 183p. In fact, it's made me appreciate how good it looks still so I've just bought another load to top up :-)

[rbento] 17/6/2010 15:46

Jonny F - i do like the stock long term, but something does not smell right at the moment. The company will not even say when they will get to full production rates. Its like they are either purposefully holding back or not telling us the truth as to a bigger issue