Peninsular Gold Share Discussion Threads

[sporazene2] 12/6/2011 11:25

saucepan, although it's a "stan" it's nothing like as risky as Kryg or Uzbek. Also KYS have a chinese board that will stand them in good stead especially for finance etc.

[saucepan] 11/6/2011 20:10

Thanks, sporazene2. I appreciate your helpfulness and have taken a quick look. However, Tazikstan is not for me. I learnt a lesson with Oxus Gold in Uzbek, in the distant past, and want to heed it.

[sporazene2] 11/6/2011 20:04

Saucepan, the thread here is a good source of information, some good posters and no halfwits

[saucepan] 11/6/2011 16:55

Thanks. Currently, ShareScope showing no forecasts for KYS: so nothing to go on.

[sporazene2] 11/6/2011 15:54

saucepan. thae a look at KYS. IMV the best value near term producer listed in London.

[saucepan] 11/6/2011 15:28

Sporazene2 and Merlion: Many thanks for taking the trouble to reply, most interesting. I am researching Goldplat, too. I might well end up spreading my investment across both.

[the merlion] 11/6/2011 15:21

RE: The debt/loan,

It relates to the CEO, Dato' Sri Andrew Tai Yeow Kam and Akay Holdings Sdn. Bhd. and Akay Venture Sdn. Bhd, the main shareholders of which are his companies.

The June 2010 accounts best details them:



You may also finds the most recent accounts helpful:

The Bank Loan provided to RAGM has increased from £17.1 million (Malaysian Ringgit 87.1 million), as reported in the audited accounts on 30th June 2010 to £18.9 million (Malaysian Ringgit 90.7 million) as of 31st December 2010, with the additional financing provided for the expansion of the Carbon In Leach plant and other infrastructure works in relation to the gold mining business in Raub, Pahang. The loans are secured by way of a debenture over all the assets and undertakings of Raub Australian Gold Mining Sdn. Bhd., a third party charge over a property owned by a company under common control and a corporate guarantee provided by the Peninsular Gold Limited.



More funds may well be needed but we are producing from a tailings dump which is ever decreasing in grade until higher grade ore is included around the turn of the year in my opinion. The CIL plant will increase its capacity before this from 1.1mtpa to 2mtpa during Q3 and they are getting very good grades from Diamond Drilling at depth at Raub aswell as exciting potential from other areas.

Its a process which will take time but I believe this to be a decent company with good management in a very stable location.

I have posted a lot about this company on iii under the alias of The Merlion, you may want to look there.

GL

[sporazene2] 11/6/2011 14:53

saucepan epect a sizable placing at the end of 2011 to fund 2011 exploration activities. I can't see it being above 40p given the current share price and the fact the placings during 2010 were done at 55p and 60p

[saucepan] 11/6/2011 14:47

Hi Merlion - you might have some views on the questions I raised - but you sound convinced of the investment case.

[the merlion] 11/6/2011 14:44

I have a decent interest and due to the apparent ever decreasing share price I simply am unable to keep my hands in my pockets!

I now have quiet a lot at approx 41p

[saucepan] 11/6/2011 14:40

Hi aleoap. It looks like you just about talk to yourself on this thread. PGL has come on my radar today as a result of a ShareScope trawl looking for value/growth. It is a forecast Rolling P/E 2 of just 3.14 that has attracted my initial attention and the helpful links you have provided above further encourage me. Thanks for those!

ShareScope shows debt of £16m. That is the only thing putting me off presently. How likely is it, do you think, that there will be a need for further cash raising before the Company becomes profitable. I see the Company is forecast to move into £2.1 million profit this year. Is that still likely as I sense some "hiccups" e.g.: "as the company produced 3,562 ounces of gold in the three months to end March compared with 4,524 ounces in the last quarter of 2010"?

I might well be joining you, but need to find out a little more.

[aleoap] 27/5/2011 16:52

Had an informative 30 min call with Patrick Watson today, finance director. It's pleasing to know management are happy to talk to pi's. Answered all my queries and I left re-assured of my investment. Looks like previous feedback has been taken on the website as he mentioned completely re-vamping it along with including presentations for visitors to view all the relevant information in one place.

Looking at the share price and trades I note plenty of AT trades at or around 40p. Plenty of stock shifting hands at this price, remembering the 2 x 590k a few weeks ago.

[aleoap] 15/5/2011 22:02

Old but relevant


'Profit from this forgotten gold mine'

[aleoap] 09/5/2011 17:27

Well, looks like we are heading for 35p. 50p placees must be happy..not.

Market cap here is £32m. Soon to be 50k pa producer, un-hedged with cash costs around $550-$650 and jorc upgrades on the way.

Just had a scan through the gold sector here in UK for mining companies upto £40m mcap and it seems there are plenty suffering from a general downtrend across the board bar one or two that have been flat.

Out of the list I have 8 classed as producers:

GMA - No thanks
GAL - No thanks
CRND - No thanks
GDP - Promising
HMB - Not for me due to location
PGL
MWA - No thanks
NGL - No thanks

You then start to move over £50m for the likes of OMI (which I think is very undervalued anyway).

Will PGL stay down here when it moves to 50,000oz pa? Or when we have 2 x 500k JORC M&I minimum? Who knows, unless we get a shocking RNS I'm here to stay as I believe growth prospects look good and potential operational profit even better.

All the above imo etc

[aleoap] 08/5/2011 22:50

Not seen this posted before, only video I can find of the PGL management.


Looking for Strategic Partners: Peninsular Gold

'Mergers would be the best choice'

'Other gold players within the region who may want to expand'


Only other gold player in that bracket I'm aware of is Monument Mining

Monument Mining - Gold production in Malaysia in record time

Appears Monument's share price has also declined roughly 20% since Jan, how much longer will these producer's be kept down I wonder..

[aleoap] 02/5/2011 09:23

rico - I'd agree with JF above, GDP looks interesting from an exploration perspective and it produces thus limiting the downside.

Other than that since Oct 2010 you've probably noticed pretty much the whole of the gold sector (London/AIM listed) took off, you can no longer pick up a handful of promising explorers for less than £2m mcap. Now your paying £8m - £30m - £50m for CNR!

GGP at approx £7m although only hit low grades so far might get lucky and hit bonanza grades but it could take days/months or years.

I'd be tempted to look at TSX for explorers as I understand there is a far greater selection at more attractive prices but i'm no expert and have not ventured over there as of yet.

I'm going to stick to producers for now and await the next leg up here in London, more than likely the whole sector will go on another run soon therefore it may not matter too much where you are invested so long as you are invested (bar some of the disasters i.e. OXS)

[jonny flame] 02/5/2011 08:47

OT - worth researching GDP - 173.3m shares in issues (Mar cap of 20.3m GBP), 6m GBP cash in the bank, recovery operations producing roughly 1,000oz p/m and highly cash generative, (producing roughly the same amount of gold as PGL but at almost half the mar cap), the Kenyan gold mine will start selling bullion come Sept - which is not really factored into the current sp, neither is the blue sky potential of the exploration projects which are shortly going to be drilled, see below links for more info;

12 April 2011 - Operations Update






P.S. I finished 7th in last years share comp (Chips comp) and hoping to finish in the top 20 again, it takes pure luck to finish first :)

[rico_suave] 01/5/2011 23:10

I'm not too sure about this one aleoap
am into explorers mainly not really interested
in producers right now. Any other stocks you hold
or have on your watchlist that could perhaps
be of interest to me?


rico

[rico_suave] 30/4/2011 22:03

I don't blame you aleoap there is nothing wrong with that. It is your money and you do what you like with it sir. Who am I to question or argue I am not the one who is winning stock challenges left right and centre like you are ;) I do regard your opinion highly and will have a look at PGL and look for a good entry level to buy on Tuesday anyway hope you are keeping well it was with your help along with v1d and bonsoir that I got the chance to get in CNR. I do not mean to disrupt this thread so sorry for anyone reading this thinking what is he babbling on about my rant is over lol well when you get the time aleoap do have another look at ORE it is a whole new company now and things could get very interesting seems to be a lot of positive chat on iii, lse and advfn and seems to be getting on more people's radars. Enjoy your bank holiday.


rico

[aleoap] 30/4/2011 18:09

Doh, I see KYS is also in Tajikistan. No wonder I had scrubbed it off my 'possible investment' list. Just a personal rule - I look no further.

[aleoap] 30/4/2011 18:06

mlangton1 - and to you! Winning the stockchallenge two years in a row would certainly be an achievement! The Solo bet was solely for Likonde 2 so very happy that it has moved upwards in advance of that drill. Could be this years CNR!

H - i'll take a look, although I don't invest in anything operating in the 'stans, so will stay away from HMB..

[hectorp] 30/4/2011 17:40

Quiet little gold miner , worth a further look at this price..
though better are HMB and KYS still very undervalued with larger resources by far.. over the coming year... only one opinion of course!
H.

[mlangton1] 30/4/2011 17:36

Hey aleoap, we are neck and neck in the annual stockchallenge comp, 7th & 8th. Best of British to you.