Tianshan Goldfields Share Discussion Threads

[mr.oz] 14/8/2008 09:10

bounced overnight 10%

Live ASX trades link in header now

[mr.oz] 13/8/2008 07:34

Falling Knife if you are trying to purchase ASX shares ... hammered again

[mr.oz] 12/8/2008 17:21

Another scenario presented now from Selftrade re my Nominee held AIM shares. I will keep them to this one!
One for others to pursue too, rather than firesale....Must be worth topping up at this level...50k buy says yes??

...."To confirm our earlier conversation regarding your options on the TGF corporate action, your preferred option is to continue to hold the shares in your own name. In order for this to happen you need take no action. If the corporate action proceeds and the stock is solely quoted on the ASX the shares will be transferred to an Australian registrar and held under your name and a statement detailing your holding will be sent to you directly.

As also discussed the corporate action does not lead to a compulsory sale although if you wish to you can still sell the holding at your discretion...."

[mr.oz] 11/8/2008 07:58

Tianshan says priority target drilling at Gold Mountain to start in Sept quarter (Tianshan Goldfields)
Date : 11/08/2008 @ 07:54
Source : TFN
Stock : Tianshan Goldfields (TGF)
Quote : 0.26 0.025 (10.64%) @ 05:26

Tianshan says priority target drilling at Gold Mountain to start in Sept quarter (Tianshan Goldfields)

LONDON (Thomson Financial) - Tianshan Goldfields Ltd. said drilling of the priority targets at its Gold Mountain project in China will commence in the
September quarter.
The gold miner said a planned 15,000-metre drilling campaign is underway at
the Gold Mountain, Nalensayi and Talede tenements.
The group said its 90 percent-owned Gold Mountain Project in northwest China
currently comprises measured, indicated and inferred resources totaling 94.8
million tonnes at 0.9 grams per tonne gold for 2.64 million contained ounces.

[mr.oz] 11/8/2008 07:32

At last , some kind of bounce in ASX + 10% on the update from Gold M where all is going swimmingly:

Gold mountain project, china - regional exploration update



* A planned 15,000 metre drilling campaign underway at the Gold Mountain, Nalensayi
and Talede tenements, part of the Company's
90%-owned Gold Mountain Project in China
* Drilling underway at the Yelmand deposit targeting resource extensions.
* Regional mapping and sampling of priority targets has defined several highly
prospective targets worthy of drill testing.
* Drilling of these priority targets will commence in the September quarter.
* Assay results received for 2,529 samples, with 909 sample results pending.

................Tenement Status

Renewal reports have been written and accepted by MOLR and BOLR for the seven regional tenements, not including Gold Mountain. Formal
renewal, for a further two years, of all tenements has been received with the exception of Naogaitu which was surrendered in the current
month. A renewal report for the Gold Mountain tenement was written, submitted and accepted by the authorities.

Tianshan will continue the aggressive regional exploration program in parallel with the Pre-Feasibility Study on its current resource
base, which is scheduled for completion during Q3 of 2008. The Company is aiming to complete a Full Feasibility Study by Q1 of calendar 2009 as the basis for a low-cost, open pit mining development.

[mr.oz] 10/8/2008 17:41

Explorers struggle to secure growth funding
Slightly related , interesting IMO and HK listing would be an alternative

[mr.oz] 08/8/2008 13:29

wendy ... or anyone ....would you have an opinion on the proposal being mooted regarding TGF seeking a HK listing ? Thanks for any feedback

[adam] 02/8/2008 10:42

ok. i thought it needed a uk listing too.

[wdurham] 02/8/2008 09:48

Adam (we must stop meeting like this!) - are you sure about the ISA aspect?

Tianshan, as an ASX listed company, qualifies to be held in an ISA. The AIM listing is irrelevant.

The RNS re AIM cancellation states that all shares will be transferred to the Australian register.

It may make them more difficult to sell, if the broker holding the ISA does not offer trading on ASX, but it shouldn't affect the shareholding nor the status of the investment, surely?

[mr.oz] 01/8/2008 22:17

adam ... yep I understand that , and myself sold some on the announcement fearing the worst for the share price However,. the story remains the same and peeps should find some way of remaining invested in TGF ... IMO

Andy ... same as article I posted (albeit it from ASX buddies) ... Nice to see some other names

[mr.oz] 01/8/2008 22:16

Tianshan has also confirmed that it is considering Hong Kong. The logic is pretty simple: Hong Kong is awash with cash, and valuations for the companies listed are far higher than comparable enterprises listed in London.

[andy] 01/8/2008 12:41

New article by proactiveinvestors.com

[adam] 01/8/2008 12:25

one issue is though that some holders will have them in their ISAs as it was dual listed. hence, they will be forced sellers. a good broker will do a cross trade in to their dealing account.

[mr.oz] 01/8/2008 09:17

Folks missing a chance here to purchase shares on either side of the world .. IMO. Either keep the paper should the purchase be on AIM (TD W manage ASX paper) or purchase directly on ASX (TD W do that too)
Small buy @ 13.62 to test the water

[mr.oz] 01/8/2008 08:52

Very good article just published ... says it all IMO and will go in the Header


Friday, August 01, 2008
Tianshan Goldfields share performance and reality decouple

Tianshan, with a market cap of £36 million, is valued at or around US$35 per attributable ounce of measured and indicated resource, equivalent to 4% of the gold price.

[mr.oz] 01/8/2008 08:42

ENCOURAGING DRILL RESULTS FROM THE GOLD MOUNTAIN PROJECT EXTENDS MINERALISATON AT THE
JINXI DEPOSIT

* Initial results have been received from a 3,293 metres (17 holes) core drilling
campaign at the Jinxi Deposit at the Gold Mountain
Project, located in Northwest China.
* Drilling has confirmed that mineralisation extends to the east and southeast at
Jinxi deposit.
* Significant drill results from the Jinxi deposit include:
* 10 metres at 2.62g/t gold, including 7 metres at 3.58g/t gold;
* 27 metres at 0.95g/t gold, including 23 metres at 1.09g/t gold; and,
* 15 metres at 0.91g/t gold.
* Assay results for a further 1,430 samples are pending.

[mr.oz] 31/7/2008 09:33

DOWN AGAIN OVERNIGHT ...OUCH

Tianshan Goldfields says begins detailed geological mapping on Gold Mountain

LONDON (Thomson Financial) - Tianshan Goldfields Ltd. said it has started
detailed structural geological mapping on the Gold Mountain tenement
concentrating initially in mineralised areas and expects the results before
drill testing in the coming quarter.
The gold miner which made positive progress on a number of fronts in the
second quarter said it has started regional exploration with extensive
geological mapping and rock chip sampling of targets and a planned 15,000 meter
intensive regional drilling programme would commence in August.
The Company has been busy finalising the pre-feasibility studies, due for
completion by third quarter 2008, it added.
As of end-June, the company said it had cash of A$19 million

[mr.oz] 29/7/2008 18:15

Amazing what googlie will find on its alerts service.. So the new guy caused the share price to drop maybe....only kiddin. Hope th PM goes well !
;-)

[mr.oz] 23/7/2008 22:34

ASX makin new lows , AIM (FWIW) resting upon support.

Am looking for an entry point again.. as have to admit , wanted to maintain capital. Now want be invested in TGF, wherever, come the months ahead.
(spread makes it nearly academic)

[clearsoup] 17/7/2008 12:12

Definitely one to hold on to! 11% at Macquarie: has to be positive, they like steady utility-style income plays (as well as the usual clever stuff).

[mr.oz] 17/7/2008 10:29

clearsoup , anyone .... any thoughts on this news above
I can't make my mind up what to think.
EPS dilution, against working capital and enlarged investor involvement
Seems early to talk about taking debt too. But this is all evidence of a growning entity

full transcript:
Tianshan Goldfields mulls HK share sale


Bloomberg in Perth
Jul 16, 2008

Tianshan Goldfields, an Australian company seeking to mine bullion on the mainland, is considering a Hong Kong share sale to raise funds for the project.
The company expects to spend as much as A$70 million (HK$529.54 million) on the project in Xinjiang province before mining starts in the first quarter of 2010, chief financial officer Jason Bontempo said.

China's consumption of gold jumped 23 per cent last year, making it the world's second-largest consumer. Gold climbed to a record in March, prompting mining companies to seek deposits.

"Raising money through Hong Kong for a mainland project could make a lot of sense," Mr Bontempo said. Tianshan might also sell debt, he said, without giving details.

Macquarie Group on July 3 raised its stake in Tianshan Goldfields to 11 per cent, trailing Mineral Securities' 25 per cent holding.

Mining companies are asking Hong Kong's stock regulator to relax listing rules so that explorers without proven production prospects could sell shares.

Spot gold hit US$987.75 an ounce yesterday, the highest since March 19, before easing to US$985.20 against US$971.20 late in New York on Monday.

Falling mine production and the declining US dollar were the main spurs for gold buyers, said Citigroup Global Markets analyst John Hill.

"One of the biggest attractions of China is the ability to be a low-cost producer," Mr Bontempo said. "If you are an Australian investor in gold, you are going to have to gravitate to companies with overseas projects. The Australian gold industry is suffering because it's failing to produce at reasonable costs."

Tianshan Goldfields has 2.6 million ounces of resources at the Gold Mountain project in Xinjiang and may produce as much as 100,000 ounces annually in the first six years.

[mr.oz] 16/7/2008 08:58

Tianshan Goldfields mulls HK share sale

"Raising money through Hong Kong for a mainland project could make a lot of sense," Mr Bontempo said. Tianshan might also sell debt, he said, without giving details....