Resources Investment Trust Share Discussion Threads

[hypocrite] 08/6/2003 14:32

News from Canada NewsWire


TSX Reviewing Ivernia West Inc. (Symbol: IVW)
10:12 EDT Wednesday, May 21, 2003



TORONTO, May 21 /CNW/ - Toronto Stock Exchange is reviewing the common shares of Ivernia West Inc. (Symbol: IVW) with respect to meeting the requirements for continued listing. The company is being reviewed on an expedited basis.


For further information: Steve Kee, Director, Media Relations and Publicity, Public Affairs, Research and Communications, TSX Group Inc., [phone], 1-888-873-8392, [phone], [e-mail]

[hypocrite] 08/6/2003 14:31

News from Canada NewsWire


TSX extends review of Ivernia West Inc. (Symbol: IVW) until July 2, 2003
09:11 EDT Friday, June 06, 2003



TORONTO, June 6 /CNW/ - Toronto Stock Exchange has extended its review of the eligibility of Ivernia West Inc. (IVW) for continued listing until July 2, 2003.

For further information: Steve Kee, Director, Media Relations and Publicity, Public Affairs, Research and Communications, TSX Group Inc., [phone], 1-888-873-8392, [phone], [e-mail]

[hypocrite] 08/6/2003 14:31

News from CCNMatthews

Ivernia West Inc. Announces Update On Negotiations With The Sentient Global Resources Fund
09:39 EDT Wednesday, June 04, 2003


TOROONTO, ONTARIO--Ivernia West Inc. ("Ivernia" or the "Company") announced today that negotiations are proceeding with The Sentient Global Resources Fund ("Sentient") concerning a proposed equity investment by Sentient in the Company's Magellan Project in Western Australia (the "Magellan Transaction") and a proposed purchase by Sentient of US$0.90 million aggregate principal amount of convertible notes and warrants of the Company.

Drafts of definitive agreements have been exchanged. Until the definitive agreements are executed, Sentient will not fund the purchase of the notes and warrants. Under the parties' revised timetable, binding definitive agreements in respect of both the Magellan Transaction and the purchase of the notes and warrants could be signed during the week of June 9, 2003. Although Ivernia has no reason to believe that the negotiations will not be concluded within the currently anticipated time frame, in light of the complexity and length of the negotiations to date, there can be no assurance that this timing will be achieved.

On May 20, 2003, Ivernia announced that, as a result of continuing negotiations to obtain financing for Ivernia, the filing of its audited annual consolidated financial statements for the year ended December 31, 2002 would be delayed. Unless such additional financing is obtained, the Company will not be able to present its financial results on a going concern basis. For the same reason, the Company has delayed the filing of its unaudited consolidated financial statements for the first quarter of 2003, which were due to have been filed with Canadian securities regulators on May 30, 2003. The execution of definitive agreements with Sentient and the receipt by Ivernia of US$0.90 million advance proceeds for the purchase of the notes and warrants would enable the Company to finalize and file its annual and first quarter financial statements, together with management's discussion and analysis and the Company's annual information form.

Ivernia West Inc. is a Canadian-based international base metals mining and exploration company whose common shares are traded on the Toronto Stock Exchange under the symbol "IVW". Ivernia's principal assets include a 95.8% interest in the Magellan lead project in Western Australia, a 50% participating interest with partner Anglo American plc in a joint venture which owns and operates the Lisheen zinc/lead mine in the Republic of Ireland.

This news release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that Ivernia believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", and "intend" and statements that an event or result "may", "will", "can", "should", "could" or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current internal projections, expectations or beliefs of Ivernia based on information currently available to Ivernia. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by Ivernia with securities regulatory authorities, that may cause the actual results of Ivernia to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Ivernia. Ivernia expressly disclaims any obligation to update or revise any such forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT: Ivernia West Inc., Alan De'ath, Chief Financial Officer, 1 416 867 9298, E-mail: [e-mail], Website: www.ivernia.com

[karzy] 07/6/2003 00:44

Whats a debacle?

[hypocrite] 06/6/2003 09:26

What a debacle!!

[hypocrite] 05/6/2003 16:37

Does it have Ivernia West as well????

[karzy] 29/5/2003 01:06

Miningweb has a piece on Ocean ResourcesCapital Holdings (lse;oce), REI's sister trust.

[karzy] 23/5/2003 14:14

NAV up 3.3p, share price up 0.75p. another exciting week!

[karzy] 17/5/2003 20:21

Celtic Resources mentioned in the express today, Midas Gold announces good drilling results ahead of its merger, or sale, to form Defiance. Havn't worked out who's pulling the strings there, Strata, Ocean res', SBM, Resource Cap' fund or a bloke called Miller.Rei only have a small holding, so it won't affect it.But if anybody wants to follow the story click on stockhouse.ca ticker GEO

[karzy] 09/5/2003 18:28

I'll keep my fingers and toes crossed then. REI NAV up 5% on week, share price up 1% lagging behind as usual.Beartooth not started drilling yet, it can't still be frozen in Montana can it? Have a nice weekend!

[energyi] 09/5/2003 16:28

Canaccord would like to see Thistle taken over.
There seems a big discount "for management"

[energyi] 09/5/2003 00:02

agreed.
Presumably the rise in Thistle and Celtic has helped NAV.

Canaccord just raised their target for THT

[karzy] 08/5/2003 22:04

Careful with Canaccord, they took up a lot of shares in Thistle in a rights issue a few months ago, if my memory serves me right.But after saying that they are a producing gold miner making profits and sat on what could be a top class mine in the Phillipines as a bonus.

[captain swing] 08/5/2003 11:36

NAV up today, 87.4p from a low of about 82 (it was over 100 earlier in the year).

I'm hoping the likely stymieing of JIT's bit for NOI, and the suspension of HAO, might make the world a bit safer for a decent share swapper like REI.

[karzy] 03/5/2003 15:11

Updated their website since I last looked. GTL Resources gets a buy recommendation in todays press, might be a bit early with all the shares they have just issued at 11p. I wonder if REI bought anymore, its already their largest holding.Celtic seems to be making progress but Thistle has had a hard time lately and Olympic, although reporting good drilling results, has only just managed a small rise. Bear Tooth needs to get back in the dentists chair and start drilling again to stop the rot.

[hypocrite] 28/2/2003 08:38

As I sit and eat my hat.....
I do believe we have not one gold mine, but several gold mines in Celtic Russia.......do the workers speak Gaelic????

[hypocrite] 28/2/2003 08:36

Celtic gold production at Suzdal strong

Friday, 28th February 2003 08.00am



Mineral exploration group Celtic Resources today reported that 2002 gold production from its Suzdal gold mine in Kazakhstan was 37,176 ounces, some 6pc above budget of 35,000 ounces.

Ore mined was 232,880 tonnes and ore agglomerated and stacked onto heaps was 346,744 tonnes. Total operating costs at Suzdal were USD169/ounce.

Financing for the Suzdal mine expansion is nearing completion, with an USD18m project finance package being arranged with a Kazakhstan bank, the company said.

The expansion will enable sulphide ores to be treated and production is forecast to be approximately 100,000 ounces/year by 2004.

Celtic also said that preparations for the start-up of the 75pc owned and managed Zherek gold project near Suzdal are underway and open pit mining is scheduled to begin in April.

Gold production from Zherek is expected to be approximately 20,000 ounces this year and is planned to increase to more than 50,000 ounces/year by 2005.

The company also said it was progressing with redevelopment of the large Nezhdaninskoye gold mine in Russia.


More breaking news >

[captain swing] 27/2/2003 22:18

This is fascinating about the REI presentations, thanks to officehead on the CER thread



We'll be grateful for any observations Energyi!

[hypocrite] 26/2/2003 09:42

It'll have to be good........
If we accept that 50% have potential but wont make it in today's climate,
40% are scruff, that would leave us depending on 10%(generous) that are capable
of imminent success, but with an "if" against them all.....
today's meeting better be good as you say!!!