Peninsular Gold Share Discussion Threads

[21trader] 22/1/2014 14:56

Thanks V1D and found the link and last trade 93,455 at 7.5p yet another trade at a premium but they still will not move up that offer of 7.25p

[v1d] 22/1/2014 14:49

The action here is on the ICAP Securities and Derivatives Exchange - the old PLUS Markets as was. On line "at best" trades go the the LSE, where 5k seems to be the limit. However,if you put up a "fill or kill" limit order at the LSE offer (7.25p) you'll most likely get it filled.

The ICAP S&D trades do NOT show up on Level 2.

[21trader] 22/1/2014 13:13

Guessing a overhang but L2 shows the next offer 9p and the max online buy is 5000 shares so the 7.25p offer should get took out.

[ryan83] 22/1/2014 13:02

whats the reason for the drop here?? cant see any RNS's?

[21trader] 22/1/2014 10:29

2 v 1 L2 next offer after current 7p is 8.75p

[21trader] 22/1/2014 09:06

Bounce time

[russman] 21/1/2014 23:11

I have refined my thoughts:-
> the risk of delisting (not discounted by Mr Watson but recent convertible)
> the value as a shell to J Resources.

[loftus16] 21/1/2014 21:23

I noticed some quite sustained selling a few days ago and wondered. Hope you are well.

[aleoap] 21/1/2014 21:03

Mining sector could see silver lining ahead

themalaysianreserve.com/main/news/corporate-malaysia/5242-mining-sector-could-see-silver-lining-ahead

The continuing global appetite for minerals could see the good times roll again for Malaysia's sleepy mining towns that have
seen better days since the last mining boom in the '70s.

Experts say rising prices for minerals have made it viable for companies to explore deposits, everything from iron ore to gold,
to satisfy demands from growing economies, especially China and India.

The Malaysian mining industry lost its shine with the collapse of the tin market in the 1980s, but experts believe there are
deposits of minerals worth roughly RM336 billion still untapped underground that could turn unknowing landowners into
billionaires.

The mining sector, especially tin, was once the pillar of the Malaysian economy in the '70s but falling prices relegated its
economic significance behind oil palm and property development.

Besides tin, Malaysia is endowed with iron ore, gold, bauxite, coal and non-metallic minerals such as feldspar, kaolin,
limestone and silica.

Even in the doldrums, the mineral sector grew 9% in 2012, largely driven by robust growth in the iron ore trade. The value of
major minerals produced rose to RM6.9 billion in 2012 from RM6.3 billion in 2011.

The value of non-metallic minerals produced in 2012 was RM3.3 billion while metallic and energy minerals (coal) production were
estimated at RM3.14 billion and RM0.44 billion respectively.

Untapped gold, iron ore and tin ore deposits from Perak, Kelantan, Terengganu, Pahang to Johor are already drawing cash-rich
foreign companies from China to Australia, who are pumping in millions of ringgit to extract these minerals.

"More foreign investors are coming to Malaysia to invest in the mineral industry because we have political stability and good
laws.

"China has come in a big way, its demand will drive the iron ore market. In the next five years, more new gold mines will come
up," Mustapha Mohd Lip, the deputy DG of the Minerals and Geoscience Department, told The Malaysian Reserve.

Since 2008, Chinese companies have reportedly invested nearly RM2 billion to extract iron ore from Malaysia to feed its hungry
steel mills.

China's imports for iron are forecast to rise 6.3% or 850 million tonnes in 2014.

Meanwhile, India is said to be looking at importing up to five million tonnes of iron ore to ramp up its own steel industry.

"The industry's growth in 2014 will very much depends on how economies of the emerging nations led by China perform.

"A substantial turnaround in their economic growth will certainly have a great impact on their demand for minerals and prices,
which subsequently can create a positive impact on Malaysia's mineral resource industry," said Malaysian Chamber of Mines ED
Muhamad Nor Muhamad.

According to the Minerals and Geoscience Department, 13 tin mines, 102 iron ore mines and 15 gold mines are operating in the
peninsula as of June 2013.

Independent analysts estimate iron ore reserves at RM17 billion.

In 2007, companies extracted 802,030 metric tonnes (MT) iron ore and jumped to 10 million metric tonnes in 2012 with a value of
RM1.54 billion. More than 90% of the commodity landed in Chinese ports.

Gold mining has been dominated by foreign-linked companies, for example, Raub Australia Gold Mining Sdn Bhd.

The Penjom mine in Pahang is controlled by an Indonesian mining businessman while the Selinsing mine, also in Pahang, is owned
by Canada's Monument Mining Ltd.

Singapore-based iron ore compa ny Zhong Cheng Mining Sdn Bhd also owns and operate other mines in Pahang.

Eastern Steel Sdn Bhd, a joint-venture company between Hiap Teck Venture Bhd and Shougang Group of China, manages the RM1.8
billion integrated steel complex in Terengganu.

Brazil's Vale, the world's second- largest mining company, spent about RM1.3 billion to build the Teluk Rubiah iron ore
distribution centre in Perak last year.

The Malaysia Mining Club, a non-profit group that promotes the Malaysian mining industry, said things could move faster for the
industry if the government removes bottlenecks that range from land allocations for mining, priority to small-scale mining and
competing demand for land from housing, plantations and other industries.

Club president Keith Vaz said the mining industry's revival should be supported because it offers spinoffs and downstream
benefits. He said despite all the potential, the sector will remain sluggish unless the government supports it in a meaningful
way.

"The government should step in to work with industry players to revive mining again," he said.

[aleoap] 21/1/2014 20:54

Maybe reaction to this:

edit - won't let me post the link but google 'Monument mining dissident shareholders'


Monument Mining Limited is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia

[aleoap] 21/1/2014 20:45

I'm still here. Not made any changes to my position here recently - maybe Baker Steel continuing to offload. This has always been illiquid though so any good news could see us back to 20p+ in quick time.

When gold finally makes a sustained move back north we should see interest return to the sector.

Disappointed that we have so little news here though..

[russman] 21/1/2014 17:02

A very volatile day.

[the count of monte_cristo] 21/1/2014 14:37

Now capped at less than 6m GBP

[loftus16] 21/1/2014 14:27

Aleoap, are you still invested here?

[aleoap] 06/12/2013 20:31

Jan 2010 954oz from 90,000t = 0.33g/t
Feb 2010 954oz from 90,000t = 0.33g/t
Mar 2010 954oz from 90,000t = 0.33g/t
Apr 2010 954oz from 90,000t = 0.33g/t
May 2010 1438oz from 90,000t = 0.49g/t
Jun 2010 1618oz from 90,000t = 0.56g/t
Jul 2010 1880oz from 105,000t = 0.56g/t
Aug 2010 1287oz from 82,504t = 0.48g/t
Sep 2010 1043oz from 83,420t = 0.39g/t
Oct 2010 1629oz from 113,580t = 0.45g/t
Nov 2010 1447oz from 112,681t = 0.40g/t
Dec 2010 1447oz from 112,681t = 0.40g/t
Jan 2011 1187oz from 93,075t = 0.40g/t
Feb 2011 1187oz from 93,075t = 0.40g/t
Mar 2011 1187oz from 93,075t = 0.40g/t
Apr 2011 1390oz from 114,339t = 0.38g/t
May 2011 1390oz from 114,339t = 0.38g/t
Jun 2011 1390oz from 114,339t = 0.38g/t
Jul 2011 1231oz from 116,248t = 0.33g/t
Aug 2011 1232oz from 116,248t = 0.33g/t
Sep 2011 1232oz from 116,248t = 0.33g/t
Oct 2011 975oz from 81,112t = 0.37g/t
Nov 2011 975oz from 81,112t = 0.37g/t
Dec 2011 976oz from 81,112t = 0.37g/t
Jan 2012 1621oz from 50,776t = 0.99g/t
Feb 2012 1787oz from 57,133t = 0.97g/t
Mar 2012 1913oz from 66,023t = 0.90g/t
Apr 2012 2550oz from 93,390t = 0.85g/t
May 2012 1804oz from 80,805t = 0.69g/t
Jun 2012 1804oz from 80,805t = 0.69g/t
Jul 2012 2002oz from 99,000t = 0.63g/t
Aug 2012 2003oz from 99,000t = 0.63g/t
Sep 2012 2003oz from 99,000t = 0.63g/t
Oct 2012 1899oz from 95,000t = 0.62g/t
Nov 2012 1899oz from 95,000t = 0.62g/t
Dec 2012 1899oz from 95,000t = 0.62g/t
Jan 2013 1585oz from 111,666t = 0.44g/t
Feb 2013 1586oz from 111,667t = 0.44g/t
Mar 2013 1586oz from 111,667t = 0.44g/t
Apr 2013 1973oz from 123,334t = 0.49g/t
May 2013 1974oz from 123,333t = 0.49g/t
Jun 2013 1974oz from 123,333t = 0.49g/t

Jul 2013 1945oz from 114,000t = 0.53g/t
Aug 2013 1945oz from 114,000t = 0.53g/t
Sep 2013 1946oz from 114,000t = 0.53g/t

[aleoap] 13/11/2013 18:16

hxxp://wzwh.blogspot.co.uk/2013/07/australian-mining-from-william-jibby-of.html

Australian Mining From William Bibby Of Raub To Present Developing Pahang Economy

Interesting read..

[aleoap] 14/10/2013 20:37

Jan 2010 954oz from 90,000t = 0.33g/t
Feb 2010 954oz from 90,000t = 0.33g/t
Mar 2010 954oz from 90,000t = 0.33g/t
Apr 2010 954oz from 90,000t = 0.33g/t
May 2010 1438oz from 90,000t = 0.49g/t
Jun 2010 1618oz from 90,000t = 0.56g/t
Jul 2010 1880oz from 105,000t = 0.56g/t
Aug 2010 1287oz from 82,504t = 0.48g/t
Sep 2010 1043oz from 83,420t = 0.39g/t
Oct 2010 1629oz from 113,580t = 0.45g/t
Nov 2010 1447oz from 112,681t = 0.40g/t
Dec 2010 1447oz from 112,681t = 0.40g/t
Jan 2011 1187oz from 93,075t = 0.40g/t
Feb 2011 1187oz from 93,075t = 0.40g/t
Mar 2011 1187oz from 93,075t = 0.40g/t
Apr 2011 1390oz from 114,339t = 0.38g/t
May 2011 1390oz from 114,339t = 0.38g/t
Jun 2011 1390oz from 114,339t = 0.38g/t
Jul 2011 1231oz from 116,248t = 0.33g/t
Aug 2011 1232oz from 116,248t = 0.33g/t
Sep 2011 1232oz from 116,248t = 0.33g/t
Oct 2011 975oz from 81,112t = 0.37g/t
Nov 2011 975oz from 81,112t = 0.37g/t
Dec 2011 976oz from 81,112t = 0.37g/t
Jan 2012 1621oz from 50,776t = 0.99g/t
Feb 2012 1787oz from 57,133t = 0.97g/t
Mar 2012 1913oz from 66,023t = 0.90g/t
Apr 2012 2550oz from 93,390t = 0.85g/t
May 2012 1804oz from 80,805t = 0.69g/t
Jun 2012 1804oz from 80,805t = 0.69g/t
Jul 2012 2002oz from 99,000t = 0.63g/t
Aug 2012 2003oz from 99,000t = 0.63g/t
Sep 2012 2003oz from 99,000t = 0.63g/t
Oct 2012 1899oz from 95,000t = 0.62g/t
Nov 2012 1899oz from 95,000t = 0.62g/t
Dec 2012 1899oz from 95,000t = 0.62g/t
Jan 2013 1585oz from 111,666t = 0.44g/t
Feb 2013 1586oz from 111,667t = 0.44g/t
Mar 2013 1586oz from 111,667t = 0.44g/t

Apr 2013 1973oz from 123,334t = 0.49g/t
May 2013 1974oz from 123,333t = 0.49g/t
Jun 2013 1974oz from 123,333t = 0.49g/t

So largest feed tonnage thus far. Nearly 1.5mtpa. From memory I think it was built to operate at 2mtpa or thereabouts. Double the grade and we are in business. Where is the Raub update..

[aleoap] 19/9/2013 20:29

US national debt is a few days away from hitting $17 trillion, equating to around $150,000 debt per taxpayer, whose average savings are $3,136 per family. This is predicted to be $20 trillion by 2017. Debt to GDP are rising in most countries with UK at 470%! It's a mess out there, ending stimulus is like turning the life support system off. Gold/silver will continue to be held as security/protection until a REAL solution is forthcoming..the clock is ticking though.

[aleoap] 19/9/2013 20:17

The problem is the powers that be know that the actual act of ending stimulus is not an option, however they will continue to promote the 'possiblity' of this at whatever time suits to cool the markets/currency action. In my view there is only one way this can end, the question is how long will the current path be sustained.

[captain_crash_and_burn] 19/9/2013 13:41

So difficult to see what the long term direction for gold is! It seems clear that as soon as the stimulus across the major countries ends, the market is keen to drop gold down significantly. I wonder what price gold is likely to settle at in a few years time for example!

[eric76] 27/8/2013 18:07

Not sure you need to rush on this one, its low volume and quite under the radar so unlikely to tear away without newsflow or a big leap in POG imo.
With pretax of £2.2m at the interims they look very undervalued at this £12.5m cap specially with the sector rising but believe its more than fair to say they've disappointed with the time they're taking to up production and prove up their resources.
Picked a few up myself the last couple of sessions but only small amounts and I'm happy enough being patient on them if the rising gold price doesn't lift them straight away.
ATB,

[captain_crash_and_burn] 27/8/2013 16:31

Right in that case I continue to be baffled by the prices of some of these junior goldies but unfortunately I've had my tail burnt recently so don;t want to plough in until I can take some others out :D. I am sure that PGL will end up doubling just before I get the chance to buy in, certainly can't see it dropping much further though.

[eric76] 27/8/2013 13:55

Just over the 500k oz's at the mo I believe capt as stated by aleoap a few posts back. Raub alone could be quite a large resource (1m oz+) once they get the resource upgrade sorted later in the year so no danger of them running out of gold anytime soon imo.

[captain_crash_and_burn] 27/8/2013 13:20

Hi Eric, gold rocketing away can't be a bad thing for old PGL, do you know what the JORC resource stands at currently.

I think if gold were to settle around $1450 co's like PGL should do very well indeed over the next year or two!

[eric76] 25/8/2013 10:35

Still watch these capt, their last set of no's were quite impressive and should give a higher share price than todays imo.
Reckon they'd be higher valued if they hadn't had to delay final drilling at Raub til 2nd half of the year though as they've had some quite decent results just seems to be taking them forever to prove up the resource there.