Tianshan Goldfields Share Discussion Threads

[mr.oz] 27/5/2008 17:16

Making up lost ground .... lovely

[mr.oz] 23/5/2008 11:32

Big rise and recent good volume in ASX
+16% last night

[mr.oz] 17/5/2008 09:35

Hey ...!

Just noticed announcement on 15th May that Fidelity have become substantial shareholders with +5%

They don't throw their money away.... they must be avid readers of our bb. :-)

Check out ASX link at the top of the thread !

[mr.oz] 16/5/2008 15:11

Cheers clearsoup ... enlarged group will keep a close eye and interest in us.



Tianshan starts major drilling program

[clearsoup] 16/5/2008 08:46

P 24 of the Copperco MXX merger presentation

suggests that Tianshan is the second highest priority asset after Platmin in the MXX portfolio. With CUO pumping out cash, this is very reassuring.

[mr.oz] 16/5/2008 07:22

here we go everyone .. the season of good will begins


DRILLING COMMENCES AT GOLD MOUNTAIN

The 2008 20,000m Exploration Drill Programme has now commenced at Tianshan's 2.6moz Au Gold Mountain Project with 7,500 metres planned near resource and 12,500 metres on regional exploration.

Drilling has commenced at the southern extension to the Jinxi deposit where the 2007 exploration programme intersected 51m @ 4g/t Au highlighting the potential of a high grade shoot beneath the blanket mineralisation.

Regional exploration has commenced with extensive geological mapping and rock chip sampling of targets and will be followed by an aggressive regional drilling programme commencing in July.

Previous years work has highlighted 31 anomalous targets for follow-up.

[clearsoup] 14/5/2008 09:06

Bonjour, Ozer! Well done for Chloride! (ref post 217) I used to analyse it in the 70's, when it made batteries and had a fashionable CEO - unlike Fenner! I like your China plays, too, but am heavily 'vested via SGX-listed counters, which have all bombed as the Inscrutable Gamblers rushed for the exit so as not to be caught in the stampede when everyone rushes for the exit. But I am confident they will come back. Keep up ze good work, or shld tht b kutgw.

[mr.oz] 14/5/2008 08:07

May 14, 2008

There's Plenty Of Money Still On The Table For Deals, According To Ernst & Young


By Alastair Ford



A report from financial services giant Ernst & Young released on 12th May, states that most of the world's large mining companies expect to grow through acquisition over the next two years. Ernst & Young's review of 2007 showed corporate activity at record levels – a total of 903 deals were concluded at a valuation of over US$210 billion. Of course this year, if BHPBilliton and Rio ever agree terms that number will be blown out of the water. But even if they don't – and signs are that influential shareholders still aren't that keen – the Ernst & Young report still suggests that three corporate deals worth over US$50 billion are likely to happen this year.
This is no idle talk from a bunch of accountants. They've gone to some effort to put their points across. The report is based on interviews conducted with representatives of the world's top 40 mining and metals companies. That provides a nice little snapshot of how the industry is thinking, and the most interesting theme to develop was that 40 per cent of all those interviewed said that expansion through acquisition was their sole strategy for meeting the ambitious targets they've set themselves.

Of course this won't be news to many companies in the junior sector. Much of the Australian market is predicated on the idea that juniors build value through exploration, and sell out to bigger fish before there's even a hint of production. That's not an unpopular notion in Canada either, although in London cash flow from small producing assets is regarded in a more favourable light. For one thing, argues London, it allows small companies not to be held to ransom when it comes to cutting deals, because there's no need to bet the farm on the next equity raise being successful.

The juniors have been taking nibbles at each other for some time, and occasionally swallowing each other whole. But so have the majors. And in spite of severe problems in certain sectors of the global economy, overall the picture for miners remains favourable. It's not just about demand for metals. It's also about the availability of cash to fund projects, and to fund deals.

Credit crunch? What credit crunch? You might not be thinking that over breakfast as you contemplate the rising cost of your toast and cornflakes and even coffee, and, perhaps, the declining value of your house. But get into the office and things might look a little better. According to data collected by Ernst & Young, 60 per cent of all major bank loans were made to the mining sector in the third and fourth quarters of last year. The banks may be more discerning, and it may be harder than it was, but be thankful that you're in the mining sector. You could be in, say, banking itself. Not only would you have lost your shirt on any shares or options held through share schemes, but you might well have lost your job as well - one of the periodic culls of the City headcount is well underway.

Michael Elliott, global mining and metals leader at Ernst & Young says, "While the cost of debt has soared, we are yet to see delays in bankable transactions because of debt availability issues, as is starting to be the case in other sectors, such as oil and gas." So good news guys: believe it or not, the banks actually like you.

[mr.oz] 13/5/2008 07:54

Nice to see some action. Much higher vol last night on ASX (866K traded and 5% rise)

[mr.oz] 09/5/2008 22:01

Slightly different presentation on the website.

RBC Emerging Gold Producers Conference May 2008


Slide 14 showing draft layouts

[mr.oz] 02/5/2008 07:49

Last 6 sessions on ASX
+2.8%
+0
+0
-5.5%
+2.5%
+4.2%

Marked down here yesterday on no trades ... lets see if there is a positive reaction to restore some equilibrium?

[clearsoup] 29/4/2008 12:00

Interesting report. Style of presentation much more accessible to amateurs! There are lots of those in China see below from WSJ 28/4:-

"Chinese gold-and-copper producer Zijin Mining had an eventful debut in Shanghai. After a weaker-than-expected performance in the morning, it soared to 22 yuan in the afternoon, more than triple its initial public offering price of 7.13 yuan, when it was suspended from trading for half an hour because of "abnormal trading," the Shanghai exchange said in a statement.

When it resumed trading just before the close, it fell back to end at 13.92 yuan (about $2), up 95%. Zijin raised 9.98 billion yuan from selling 1.4 billion A shares at the top of an indicative price range."

[mr.oz] 29/4/2008 07:53

Quarterly Report

[mr.oz] 25/4/2008 20:46

Far too eloquent and philosophical for a Friday night , clearsoup!
I'm on the fence to some degree... and am still tradin the swings, as these things have a way of working out, despite our best attempts at fudgin and also worryin. Seems a bit blase, that. Maybe I'm overly optomistic , with a glass of red in my hand.
Good week generally for me; next week "feels" OK in my bones... the week after , I'll be reaching for the Malt.

Thinking on .. I reveiwed my portfolio of stocks just mid week with a view to what was speculative,short term, and what was long term thinking.
I have been taking profit in WSM,FXPO,PFC and protecting some capital.I realised I'd bought TAN on a whim and sold with a small loss, feeling I'd be better looking at that in 3 mnths or so.Those stocks still might make up a portion in the near future.
CHLD,FENR,GNG,TGF,remain in the portfolio as they have a clear long term story IMO.
Some financials remain; the odd LT hold that was originally a speculative punt gone wrong, and I've added CHNS after long deliberation.

[mr.oz] 25/4/2008 16:40

Interesting article , includes a section on Juniors:

Most hard money investors would be well served to use these rules:



Sell any stock that is issuing warrants with their next financing and tell your broker why and have him call the company as well.
Never put more than 5% of your money in exploration stocks unless it is an advanced exploration play with plenty of prior drill success.
Look for developmental companies that are within a year from bringing on new production. This is my favorite area for our Fund and one that you should pay attention to.
Make sure that even with much lower metal prices (gold at $600) the company will still sell for less than 15 times after tax cash flow per share.
Always look for companies with giant deposits that have economic grade. Even if the company is small, a big deposit gets attention.
I hate to say good management because almost all companies can make it look like they have good management. But good people make things happen not rocks.

In the coming years one of the best sectors for investors will be the mining industry for reasons you already know about. Progress in China and India, paper money, derivatives, insane governments, debt, etc. all point towards much higher metal prices for perhaps a decade. Don't shortchange yourself. Stay with the companies that have the real goods in the ground.

[mr.oz] 21/4/2008 07:29

Volume picked up a touch. ASX and here. The share price seems to have support at this level with a small bounce last night again Could this be ideal top-up level?

[mr.oz] 17/4/2008 06:41

Appointment of Jason Bontempo , as Exec Director. See ASX link at top

[mr.oz] 14/4/2008 19:35

Precious Metals Juniors- The Next Mania

This is a long winding article that tries hard to fathom such reasons in depth. Try it... Could be on the cusp of good things

[mr.oz] 14/4/2008 19:10

With the outlook in 2008 focusing on the potential development of the Gold
Mountain project as well as an aggressive exploration programme, Tianshan hopes
to improve on its current market capitalisation which is approximately US$35 per resource ounce.....

COME ON CHAPS !!! where's the counter , that makes this share price reasonable?

[clearsoup] 14/4/2008 08:38

This company hasn't put a foot wrong in two years; and, more importantly and unlike their distinguished parent MXX, they have been consistently lucky, too. Fully funded for 20,000 metres of drilling on interesting prospects and completion of critical feasibility work in 2008. Thanks for the care and conduct, Mr Oz!

[mr.oz] 14/4/2008 07:58

New ASX announcement on the link (go to ASX announcements section)
A clear path forward , worth a read ladies and gents:

[mr.oz] 08/4/2008 07:39

NEW PRESENTATION ON WEBSITE



1st Quarter 2008
Gold Mountain Pre feasibility Studies currently under way
•
2nd Quarter 2008
Field season starts with a planned 20,000m of drilling planned, the majority dedicated to regional exploration
•
3rd Quarter 2008
Targeting Pre-feasibility completion and Mining License application
•
4th Quarter
Field Season ends
•
1st Quarter 2009
Full Feasibility complete
•
1st Quarter 2010
Start Mining
For Illustration only not a TGF operation
Note: Development assum