Tianshan Goldfields Share Discussion Threads

[mr.oz] 11/7/2008 16:59

July 10, 2008
Tianshan Goldfields Gets Ready To Move On Its First Mine Up At Gold Mountain

By Our Man in Oz

The temperature is rising in Yining and the days are long - perfect conditions for crews drilling Tianshan Goldfields' Gold Mountain project in north-west China. .........

.......It is reasonable to assume that should the gold price hold, Tianshan will soon be awarded a similar A$78 per ounce value which, in theory, will lift the market value of the company to around A$200 million, or roughly double what it is today. That makes for an interesting, albeit totally theoretical estimation, which is worth a note in any investors black book, although London-based investors might want to think twice about that as the dual-listing is not long for this world.

[clearsoup] 09/7/2008 22:59

I wouldn't say no problem, but in London W de Broe, now Evolution, will deal competently in most jurisdictions, though their commission is high. I have just closed my international account with Barclays: also steep commissions but poor execution and service.

[mr.oz] 09/7/2008 11:42

clearsoup ... who is your broker?
Do i understand from your post, that you can trade ASX listed shares no problem/
Cheers
Oz

[mr.oz] 08/7/2008 12:00

You do entertain me clearsoup. thanks for your thoughts.
If we see this go down , with PI's selling to keep liquid , then I reckon i'll mopp some up and get some more "Paper" for my retirement

[clearsoup] 08/7/2008 10:20

MXX are doing the same thing, as well as 'keeping an open mind' about reappointment of UK non-execs. My reading is that the economic reasons for a dual listing are not compelling, and that sentiment within the group has turned pretty sour towards pomland. You can see why: the AIM shareholder base has not grown since the placing and the stock has halved despite well documented fundamentals. Crespo has not built a following in the City. AIM may still be a good place for speculative mining floats(QED?)but CUO-MXX and also TGF are some way along the J curve from that, and with increasingly internationalised dealing, why do you need a dual listing? London based broker coverage has been pretty much zero. Even the BBoards are dead - ours being the honourable exception, of course.
I have AUD MXX within my ISA, and only AUD TGF, so am AIMless about this: but have taken the general line that I am not selling good quality resource stocks, even though the market is a disaster and mark-downs will carry on for a while. I have always doubted the wisdom of: "intelligence is the ability to hold two mutually contradictory points of view without going mad". I think it destroys your discernment. Depends on one's definition of mad, I suppose. To be sure, I lack intelligence under other definitions too, as would seem to be borne out by recent portfolio performance. Pray, may the long-run arrive before we are all dead.

[mr.oz] 08/7/2008 07:51

My choice , as a Nominee Shareholder within an ISA is:

1) Sell and re-invest the proceed with other Broker (or other company's shares within same ISA account)
2) Keep until EGM resolution passed and the share will be certificated F.O.C

Could see some volitility

[mr.oz] 08/7/2008 07:27

BIT OF A SURPRISE - THOUGH THEIR IDEA ISN'T WITHOUT MERIT

THOUGHTS ANYONE?

Notice of EGM and Cancellation (Tianshan Goldfields)

RNS Number : 4870Y
Tianshan Goldfields Ltd
08 July 2008


Tianshan Goldfields Limited

(the "Company")

Notice of general meeting and Cancellation

The Company confirms that it has dispatched a circular today to convene a general meeting
of shareholders at 10 a.m (Western Australian
Time) on 18 August 2008 at Level 31 Allendale Square, 77 St George's Terrace, Perth, Western
Australia to approve the cancellation of the
Company's ordinary shares to trading on AIM (the "Cancellation"). A copy of the circular will
be available from the Company's website,
www.tianshangoldfields.com.au.

If shareholders approve the Cancellation at the General Meeting the expected date for the
proposed Cancellation is 8am (UK time) on 27
August 2008.

The directors of the Company believe that the dual listing of the Company's shares on both
AIM and the Australian Stock Exchange (the
"ASX ) is no longer in the best interests of the Company. The directors are therefore seeking
the Cancellation in order to maintain a
listing on only one market.

If the Cancellation is approved, the ordinary shares in the Company will continue to trade
on the ASX and those shares which are trading
on AIM will be transferred to the Australian share register from the date of Cancellation.

For further information please contact:

Jason Bontempo, Tianshan Goldfields Limited Tel: [phone]
David Youngman, WH Ireland Ltd Tel: [phone]



This information is provided by RNS
The company news service from the London Stock Exchange

END

[mr.oz] 02/7/2008 22:30

MCQ note filed prematurley, before new shares being issued apparently. Check ASX link in header of BB

[mr.oz] 02/7/2008 12:27

RNS out now re MQG ... you heard it here first :-)
Yes , interesting point you make clearsoup.... gives a nice warm feeling

[clearsoup] 01/7/2008 23:04

INteresting about Macquarie. Do you remember how they didn't want to support MXX in its stakebuilding in Platmin. They can't be overly liquid at the moment. Good to see their priorities include TGF.

[mr.oz] 01/7/2008 21:56

NEW RESEARCH NOTE OUT, FROM NEW SOURCE I BELIEVE !!!!: here's a snippet


With current resources of 95 million tonnes, TGF has an opportunity to develop a bulk tonnage-low grade gold operation at low capital and operating costs. With the completion of a pre-feasibility study imminent and a full feasibility study scheduled for completion by Q1 2009,we believe that TGF will be re-rated over the next 6 to 12 months. Construction at the end of Q2 should also provide a boost, as will the continued exploration program on some of the 31
other anomalies within the tenement package.

News flow is likely to remain high.

We value TGF at $0.59 without adding a gold premium at this stage, but would value the company at $0.73 if it was included. We have given a nominal value to the regional exploration of $30m, which we concede is on the conservative side, but we will be happy to revise this once results from the forthcoming exploration program start to trickle through.

Metallurgical testwork conducted so far indicates that the process route is relatively simple with no agglomeration required after fine crushing and the leach kinetics seem reasonable. We
have conservatively assumed capital expenditure costs at $80m and technical risk in the mining should also be low given the wide intersections and orientation of the orebody, which should result in relatively low strip ratios. The intersections announced at high grades (+4/g/t) provide potential to lift the overall grade, which would be very positive for cashflow.

Risks come from commodity price and development risks. Environmental and mining
approvals could be delayed and increases in capital costs over the next two years before construction commences (assuming positive PFS and BFS results), would effect the valuation.We also note the stock is a little illiquid, providing additional liquidity risk. Mineral Securities own 27% of the issued capital and whilst in their merger presentations, Mineral Securities and
CopperCo have said that they see TGF as a core holding, we take the view that the merged entity may look to off-load their investment in the longer term.
This could be positive for TGF, if the right buyer can be found.

[mr.oz] 01/7/2008 21:51

MAQ nearly has double the holdings as previous

[mr.oz] 27/6/2008 12:07

losses seen on ASX for two days , to be made up in one session on a tad more volume. I think we'll see plenty of newsflow this year !

[mr.oz] 23/6/2008 07:57

Morning clearsoup ...

Tianshan Goldfields says Gold Mountain Project pre-feasibility on track

Australia-based prospective gold producer
Tianshan Goldfields Ltd. said pre-feasibility study at its 90 percent owned Gold
Mountain Project in northwest China is progressing in line with expectations.
Regional Exploration work this year has further highlighted the
prospectivity of the Gold Mountain project tenement area, defining a further
eight exploration targets with the same structural, lithological & magnetic
signatures as Yelmand & Jinxi, the company said.

[clearsoup] 23/6/2008 07:31

Yes, it is getting very interesting: nothing to suggest it is not a major prospect, with BFS and self-sufficiency clearly in view now.

[mr.oz] 23/6/2008 07:20

UP 16% IN ASX ON THIS NEWS

[mr.oz] 23/6/2008 07:19

GETTING VERY INTERESTING !

GOLD MOUNTAIN PROJECT TAKES STEP FORWARD TO DEVELOPMENT




· The Mining Permit application process has been bolstered with the selection of BGRIMM as the lead Chinese Design Institute for the project
· The in-country engineering team has been strengthened with the appointment of three experienced senior Chinese engineers
· The Pre-feasibility study is progressing in line with expectations
· Drilling at southern Jinxi continuing and Geotech drilling well under way
· Regional Exploration work this year has further highlighted the prospectivity of the Gold Mountain project tenement area, defining a further 8 exploration targets with the same structural, lithological & magnetic signatures as Yelmand & Jinxi.



Tianshan (ASX/AIM: TGF) hereby provides an update as to the ongoing feasibility and exploration work at its 90% owned Gold Mountain Project ('GM Project') in northwest China.


Mining Licence Application

The company is pleased to announce that the Beijing General Research Institute of Mining & Metallurgy (BGRIMM) has been selected as the Chinese Design Institute to undertake the Chinese Feasibility study and to assist the company with the preparation and submission the Mineral Resource Development and Utilisation Plan (MRDUP) and also the Mining Licence Application.


BGRIMM has extensive experience working with Western JV companies successfully developing new projects in China, the most recent of which include the QingHai Tanjianshan Goldmine (Elderado), the Changshanhao Goldmine (Jinshan), the Hebei Hua Ao Caijiaying Zn/Au mine (Griffin) and the Bayanhar Goldmine (Sino Gold). BGRIMM is expected to commence work on the project before the end of June and the Company looks forward to the contribution from BGRIMM to the project.


The Mine Area Scoping Drawings and the Geology and Mineral Resource Report have commenced and are expected to be completed on schedule for the mining licence application process.


Baseline environmental studies continue and the Company has received proposals from appropriate Chinese Design Institutes for the co-ordination and the compilation of the Geological Hazard Assessment, Seismic Assessment and the Water and Soil Conservation Plan.


Pre-feasibility Study

The basic process plant design and costing study being undertaken by Bateman Engineering is nearing completion and the pit optimisations have been completed on the Mayituobi, Yelmand and Jinxi deposits with mine scheduling underway.

A preliminary study has been completed by Yili Prefecture Institute of Highway Reconnaissance and Design for main access road to the mine site and the Yili Electric Power LLC has completed a study that confirms that power supply for the project can be obtained from the Xinjiang electrical power grid.

Golder Associates have completed a preliminary surface water management and mine water balance for the project, which together with the water supply study completed by a local Chinese Design Institute will be used to further develop the water supply strategy for the project. Studies to date indicate that there is sufficient surface water available in close proximity to the project to cater for the projects requirements.

Three senior experienced Chinese engineers have joined the Company as the in-country engineering team continues to mobilise for the next phases of work on the project.


Gold Mountain Drilling and Geochemical Sampling Program


Near Resource

Drilling commenced at Gold Mountain around 20 May 2008 with priority at southern Jinxi and geotechnical drilling. The 2nd and 3rd drillholes have commenced testing for a higher grade feeder zone to the south east of Jinxi, along strike from drillholes DD06JX073 and DD07JX115 which intersected 59m 1.95 g/t Au and 57m 3.64 g/t Au respectively, results for which are expected during the first half of July.

Drilling completed on the fourth of five pit slope design geotechnical drill holes at Mayituobi.

Regional Exploration

A Geological model that fits the geological histories of the Tulasu Basin and the timing of the controlling structures, as mapped and observed during the recent exploration program has been completed. This will form the basis to guide future exploration and has highlighted the prospectivity of the region, defining a further 8 exploration targets with the same structural, lithological & magnetic signatures as Yelmand & Jinxi.

[mr.oz] 18/6/2008 10:14

drop in ASX , means small top-up for me

[clearsoup] 12/6/2008 08:30

Out of sight but not out of mind

[mr.oz] 28/5/2008 07:15

Still climbing in ASX , up further 4.65%.
4 x rises in five days totalling + circa 27%

[mr.oz] 27/5/2008 20:49

NEW BROKER REPORT MUST BE THE REASON FOR NEW PROGRESS?


Nothing we don't know and believe already, the target share price is $0.48 to $0.75
(current share price is $0.43)