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TGF Tianshan Gold.

10.25
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tianshan Gold. LSE:TGF London Ordinary Share AU000000TGF9 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 10.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 10.25 GBX

Tianshan Goldfields (TGF) Latest News

Real-Time news about Tianshan Gold. (London Stock Exchange): 0 recent articles

Tianshan Goldfields (TGF) Discussions and Chat

Tianshan Goldfields Forums and Chat

Date Time Title Posts
28/10/201021:35Welcome to Tianshan Goldfileds - major resource?356
30/3/200711:19Tianshan Goldfields58

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Tianshan Goldfields (TGF) Most Recent Trades

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Tianshan Goldfields (TGF) Top Chat Posts

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Posted at 19/10/2009 18:19 by mr.oz
1M DEPOSIT ALREADY PAID
Australian gold miner advances sale of Chinese gold project

Tianshan Goldfields said Monday its plan to sell its entire portfolio of Chinese assets to a Hong Kong company was progressing to plan.
Author: Ross Louthean
Posted: Monday , 19 Oct 2009

PERTH -

Tianshan Goldfields Limited (ASX: TGF) has signed a memorandum of understanding to sell its 90% stake in the Gold Mountain gold project in north west China and other assets to China Power Sino Renewable Resources Ltd for $US22.5 million.

Tianshan's managing director Jason Bontempo said Sino Power had informed the company it had "successfully completed" due diligence on the assets.

Sino Power has already paid a deposit of $US1 million to Tianshan.

Bontempo said Sino Power now wants to formalise and execute the formal sale agreement between the parties - a document to be finalised in the coming weeks.

The sale was subject to shareholder approval, and a meeting has been called for November 6.

Tianshan made the decision to sell its Chinese portfolio based on a review of its assets and future strategy by the current board in recent months.

This review determined the company could, on balance, maximise returns to the company and its shareholders if it was able to execute a full or partial sale of its Chinese assets and use the funds raised to acquire interests in other companies or projects, some of which have been identified by the company.

"Tianshan has identified a range of opportunities at both the project and company level that it believes can return significant value to the company and its shareholders in a more suitable time-frame," Bontempo said.

Post the transaction Tianshan will have cash reserves - based on an $A=$US exchange rate of A90 cents, of more than $A30 million.

The Gold Mountain project was being advanced towards commissioning in 2010 and was earmarked to produce between 80-100,000 ounces of gold per annum
Posted at 20/8/2009 10:36 by clearsoup
Frantic financiers at it again:

This has the 'strategic' fingerprints of Cape Lambert all over it.
I have to say the reason I liked TGF was because it was operationally transparent: focussed on developing promising low-tech chinese gold assets, so an investor knew where he was. Now I have the opportunity to back that same management's ability to find even more attractive uses for my money. How can I refuse?
Posted at 30/7/2009 07:34 by mr.oz
Quarterly Reports for the Period Ending 30 June 2009 found here:
Posted at 27/5/2009 07:44 by mr.oz
more gains on ASX lately... share price looking to break 6mnth high
Posted at 11/2/2009 15:33 by clearsoup
Good for AGP. TGF is looking better and better, relative to other gold miners.
Posted at 30/1/2009 13:14 by mr.oz
Tianshan Goldfields: quarterly report December 2008
Friday , 30 Jan 2009
HIGHLIGHTS

2.6moz Gold Mountain Project, NW China (90%)



Development

• Pre-Feasibility Studies (PFS) continuing and targeted for completion in Q1 2009.

• Key parameters reviewed to date include resource estimation, metallurgy and process, pit optimisation, mine scheduling and capital and operating costs.

• Metallurgical test work to be included in the Chinese Mining Licence Application now required to be performed at Chinese-approved laboratories due to recent regulatory changes. This has resulted in a slight extension to the application process which will now be completed by H2 2009.

• Successful Yili-Kazahk Prefecture Task Force plenary meeting held on December 10th with all key government support staff now fully informed of Project status and requirements for development.

Exploration

• Significant intersections received from drilling to test resource extensions at the Jinxi, Yelmand and Balake deposits including 72m @ 1.75g/t Au incl. 58m @ 2.08g/t Au at Yelmand and 48m @ 2.08g/t Au at Balake.

• A further 1,450 metres of near-resource evaluation and regional target drilling completed in the reporting Quarter.

• Mineralisation confirmed to the south east of the Yelmand deposit and south west of Balake: further work to be considered once the economics of this intersection are fully evaluated in light of pending pit optimisation studies being undertaken as part of the PFS.

• A further 3,600 rock chip samples collected in the reporting Quarter at targets on the Gold Mountain, Talede and Nalensayi tenements.



Corporate

• TGF acquires a 60% interest in the highly prospective Qixia Gold Project, located in the highly sought-after Shandong Province in China, for AUD$2.27 million.

• TGF receives notice that substantial shareholder CopperCo Limited enters voluntary administration.

• AUD $12.639m in cash as at 31 December 2008.

• Market capitalisation of AUD $19m as at 23 January 2009.
Posted at 15/1/2009 14:26 by clearsoup
Liddell was obviously conflicted, but Thomas's resignation while "currently conducting a strategic review of its projects and corporate strategy" could suggest some kind of bust-up in the pavilion. I don't feel I have any insight, though.
Bontempo has been the spokesman for a while, hasn't he? Isooth, the amount of misinformation that the MinSec boys have succeeded in getting fairly seasoned City pros to swallow, is impressive enough to have put me off trying to dig much, for fear of being fooled again.
Am I naive in thinking the pick-and-shovel side of TGF, including its geologists and their assessments is solid, however cleverly the corporate finance wizards at MinSec might tart things up with financial engineering?
The board changes could signal action on a sale of CUO's interest: one would expect something soon.
Posted at 25/11/2008 07:57 by mr.oz
clearsoup ; there is a thread there. But I don't like its layout much.
... and search tgf.

I have been working away from home so much and will be until Jan/Feb , which leaves little time for monitoring this and other shorter term trading (good job in a way lately ! )

I am still awaiting some statement for the AIM shares that went over to ASX from Selftrade.... they are very poor. Those and my ASX listed TGF are certainly long term bets anyway so I'm not frantic yet.
Posted at 01/7/2008 21:56 by mr.oz
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.
Posted at 23/2/2007 11:38 by hattori_hanzo
....and now a very, very interesting RNS:

Prospective Change of Significant Shareholding

Further to the release by Mineral Securities Limited ("Minsec") to the
Australian Stock Exchange on 22 February 2007, Tianshan Goldfields Limited ("
Tianshan" or "the Company") has been informed that, on 22 February 2007, Minsec
entered into an agreement, subject to approval by both the Foreign Investment
Review Board and in part Minsec's shareholders, to acquire 24,107,000 ordinary
shares of no par value in the share capital of the Company ("Ordinary Shares")
and 2,233,001 options in Tianshan (which can be exercised at any time up to 30
June 2008 at an exercise price of $0.20 per share) by means of a private sale.



Subject to completion of this agreement, Minsec will hold 37,152,451 Ordinary
Shares (representing 19.995% of the issued ordinary share capital of the
Company).
--------------------------------------------------------------------

Essentially, the bottom line appears to be that our chairman, Keith Liddell, thinks the TGF share price is gonna do what I think it's gonna do...go up, a lot!

Mr Liddell (a highly respected chap) is also executive chairman of Minsec.


Keith Liddell - Non-Executive Chairman:

Mr Liddell is an experienced metallurgical engineer and resource company
manager, having worked exclusively in the minerals industry since 1980. His
technical expertise includes engineering of plant and equipment, process
development, project management, and risk planning. He has particular
experience with the development of resource projects for platinum group metals,
base metals, gold, diamonds, and industrial minerals. He holds a number of
patents in his name. Mr Liddell has extensive experience in the management of
resource companies, including the formulation and implementation of corporate
strategy, managing stakeholder relationships and in arranging corporate and
project finance. He is the former managing director of Aquarius Platinum
Limited, a leading platinum mining company that successfully developed the
Kroondal Platinum Mine in South Africa under his direction. Mr Liddell is
Executive Chairman of Mineral Securities Limited.
Tianshan Goldfields share price data is direct from the London Stock Exchange

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