The Mission Share Discussion Threads

[bbbb] 18/9/2007 13:08

or someone figured it's easier to mine shareholders' pockets than old workings.
like 'reverse' mine engineering.'

[katsy] 18/9/2007 12:31

Has anybody read the TMG threads from 2002/2003 exactly the same things were talked about then, POG ZAR, the spread, lack of liquidity, etc etc. seems like people knew then that this was a dud.

What's the odds the next production update will cut another few k off production and add $30/40oz to costs. Gold has risen and risen but they still can't get any money out of this mine. Unless that is they're all coining it in but telling the market a different story.

[giant steps] 18/9/2007 11:02

Yes db, interesting times ahead.

Sellers invited to fold as buying is proving very difficult !

(seems there are several buyers on the sidelines)

[dogberry202000] 18/9/2007 10:38

Those were the words I was thinking of.
Looks from the charts that there will be action soon.

[giant steps] 18/9/2007 10:36

Non binding agreement.

[giant steps] 18/9/2007 10:01

zarusgold over 5150, CGA over A$0.85PSGM 130Koz/annum producer, margins over 8%

[giant steps] 18/9/2007 10:00

Poised for huge leverage PSGM Au/$/oz[1] Au/$/oz[2] ZARUSD AuZarusd[1] AuZarusd[2] Cash costs 625 635 7.06          4,413          4,483 Total costs 665 675 7.06          4,695          4,766 Market 717.45 7.18          5,151 Margin value            456            385 Margin % 9.71% 8.08%

[katsy] 17/9/2007 09:05

All the conditions that we've been waiting for for so long are now happening, rising POG, ZAR, and CGA at a time when they giving PSGM away.

[bbbb] 17/9/2007 07:56

lets hope the benefit of that accrues to tmg and not mc/casten.
resolution of that point could help the tmg share price, if
that were preferable to continued weakness.

[kluk069] 17/9/2007 03:31

CGA shares are now up around 25% over the past week.

[bbbb] 14/9/2007 14:56

within a range, costs can be tailored - for a while.

[katsy] 14/9/2007 14:45

zarus/gold now 5130. I know, I know, seems to me every time this go up so does the costs. When ZARUS/Gold was 4000 TMG was breakeven, when 4500 tmg was breakeven. Next news will probably show total costs at $720/oz.

[tim00] 12/9/2007 18:09

Yes, and the CGA shares are appreciating sharply, partly due to the stronger aussie dollar.

[katsy] 12/9/2007 16:49

well the current zar/us exchange rate makes 300M SAR worth $42M that's $1m more than when the non binding offer was announced.

[bbbb] 12/9/2007 13:08

let's hope that international lawyers with the minorities in mind will
be pressing for a decision as to the date of transfer of cga (if legal)
to be determined for that valuation to apply to debt reduction of tmg.

[bbbb] 11/9/2007 09:12

the mathematicians at mc/casten have clearly figured that the magic combination
of time and compound interest act in their interest if repayment is delayed as
long as it takes to ensure that none of the pot is wasted on pesky minorities.

[tim00] 11/9/2007 08:51

I've been away recently so haven't been able to comment on the latest news. One point is that the PSGM sale is structured in a way that precludes MC/Casten being paid off quickly and turning TMG into a cash shell (assuming there is surplus cash). As GS says, this means TMG will remain a leveraged play on the pog, while at the same time it will continue to have rising debt obligations to MC/Casten due to interest payments on the outstanding debt that can not be paid off from the PSGM sale proceeds. The interesting questions are (a) what happens to the CGA shares and (b) do MC/Casten have any plans to expand TMG by issuing new shares once the PSGM sale is completed. On (a), while MC/Casten would like to receive these shares asap in lieu of its loans to TMG, CGA clearly don't want MC/Casten as major shareholders, so it seems likely that MC/Casten will only acquire these shares when the Masbate transaction allows them to, ie when any share sale exclusion conditions lapse. Can anyone remember when that is? Clearly, we want the CGA share price to rise quickly, which will be helped by the latest financing news of Masbate.

[wiganer] 10/9/2007 08:48

Who can blame them?