Ballarat Goldfields is an Australian gold explorer and developer, with a strong
portfolio of projects primarily focused on the highly prospective Ballarat gold
province in Victoria.

Situated in one of the most famous historical gold mining regions of Australia,
Ballarat produced over 12 million ounces before it's premature closure, around
the time of the first world war.

In 2004, for the first time following discovery in the 1850's, the leases over
the entire Ballarat field were consolidated under the sole ownership of BGF.
This has resulted in the company constructing a comprehensive geological model
of the entire field, demonstrating what many had suspected, that Ballarat had
massive unexplored prospectivity.

BGF completed a pre-feasibility study in 2004 which proposed an initial
underground mine at Ballarat East, with twin access declines servicing the
haulage and ventilation. The mine, based on BGF's geological model, has a life of 21 years, and would achieve an average production rate of approximately
200,000 ounces of gold per annum.

Website For Own Research
http://www.ballarat-goldfields.com.au

Top 20 Ordinary Shareholders Hold 69.66% of Issued Capital: 5th July 2006

Diggers & Dealers - Investor Presentation ASX and Media Release: 9th August 2006

Ballarat-Goldfields Annual Report2006

Ballarat East Revised Development Strategy ASX and Media Release: 7th September 2006

explosive,

had a look at the web site and looks like now is the time to get in. Some of the major players already in kazakhstan and making big profits so dont see why this one shouldnt be any diffferent. i haven't any spare cash as i sunk it into BGF y/day and as per usual it went down!! one for the watch folder

Alex

http://www.frontiermining.com/index.html

How low can it go? There must surely be some upside to this now, and how come sp rose on sale of 2.5million?

Depends on the price given on the 2.5m sale which justifies a price rise.... Price could fall further to 8p I think, hold tight and wait. I need to see news on production, fall is due to global gold prices falling which have been multiplied within stocks, some oversold. At 9p this becomes a buy for me once again.

Explosive,
I know this is not the SER thread but it seems to quite a quiet thread for us to talk...
I had 40% of my portfolio tied up in SER [went OTT on last top up looking for a quick profit and then the shares plummeted so I had no trading pennies at all and an overdraft because of my over zealousness[if there is such a word]
I sold some for the overdraft but got a poor deal from hoods[0.5 when elsewhere was 0.7p, my fault I asked for 'at best'. didn't do that the next time set a min of .95 and they gave me 1.0p maybe they felt guilty!]
The market then went wild so I sold some more out at 1.0p. I now have half my original holding. I bought some more CHP as I have been wanting to but not had the cash[catch 22 i think]
I have a little left over so will have a look on mon/tues to see if I can buy some more SER [ I will buy some more, just at what price. They will go up I'm sure but I am now not over drawn from spending money I shouldn't have.]
It was a tough call as to whether to buy CHP or more BGF but i think CHP has stablised a bit more at this time. what do you think?
Alex

Sorry to be dim, but why would you want to put your money in this company? It sure doesn't look very exciting to me, and by the looks of it has very low liquidity. Also, though it is not immedaitely visible, I would guess that its cap is also tiny.

If you want mining shares, then perhaps look at (in no order at all) ENK or KAZ or ANTO or POG for a safer bet and potentially better return, or at lest that is my view ..... By the way, I currently hold none of them!

Alex, think you made the right decision with CHP, I also hold and lots going on at the moment. A good pick I think from Sharesure. As for your sale in Sefton, again you have done very well, the sp has fallen so I wish you all the best your timing getting back in. Fingers crossed you've settled some debts and get a bargain with SER!!

Cynic, low liquidity, are you mad?? 136.6m market cap which I think is a good justification for this company. 1,188,150,000 sharers in issue equals an 11.49p sp. With a discounted 10% increase in gold global demand p/a I think organic growth alone should generate a good return.... Should the economy warm slightly even better and I personally think it will.... Also current sp is around 11.49p in high risk time for BGF, as soon as producing 100,000 ozs a year risk falls and so should see an increase in sp..... Yeah a risk but I think will out perform the likes of ENK etc. above. KEN also a good stock but not one I hold.

What a shit day for BGF, -10% but then and again as per my post on the 20th a fall in sp I thought would happen. I don't think this is quite over yet either and am looking to top up at 9p or below....

Might be a little quiet in the coming days, my Selftrade broker account has been updated and moved to another platform and its going to take me a while to figure it all out.... Can't even get simple data without lots of clicking like % increase today and bid price..... :-(

Explosive,
happy computing, hope you back on line soon
Alex

ASX and Media release: 5th July 2006


Top 20 Ordinary Shareholders


Ballarat Goldfields NL (BGF) advises that following the notice by Mason Hill
Asset Management dated 14 June 2006, ceasing to be a substantial shareholder,
the top 20 registered holders of ordinary fully paid shares as at 30 June 2006
are as follows:

Rank Name Units Held at % of Issued
end of period Capital
1 NATIONAL NOMINEES LIMITED 180,263,853 15.17
2 WESTPAC CUSTODIAN NOMINEES LIMITED 133,914,284 11.27
3 J P MORGAN NOMINEES AUSTRALIA LIMITED 107,249,482 9.03
4 ANZ NOMINEES LIMITED 68,382,595 5.76
5 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 57,687,975 4.86
6 CS THIRD NOMINEES PTY LTD 53,063,263 4.47
7 HSBC CUSTODY NOMINEES (AUSTRALIA)LTD 40,910,597 3.44
8 INTERNATIONAL COMMODITY FINANCE LIMITED 32,438,266 2.73
9 CITICORP NOMINEES PTY LIMITED 25,697,282 2.16
10 NORTHCLIFFE HOLDINGS PTY LTD 24,600,000 2.07
11 COMPUTERSHARE CLEARING PTY LTD 22,163,942 1.87
12 RBC SECURITIES NOMINEES PTY LIMITED 20,354,612 1.71
13 FORTIS CLEARING NOMINEES P/L 13,602,084 1.14
14 ALCHEMY SECURITIES PTY LTD 10,000,000 0.84
15 MR COLIN SMITH + MRS ADRIENNE SMITH 9,990,000 0.84
16 MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LTD 6,467,066 0.54
17 MECHANISED MINING SERVICES PTY LTD 5,490,000 0.46
18 MR JOHN S HEWSON + MRS ROSEMARY HEWSON 5,400,000 0.45
19 RFC GROWTH FUND LIMITED 5,150,000 0.43
20 LOFIVA PTY LTD 5,045,490 0.42
Total Top Holders Balance 827,870,791 69.66

LONDON (AFX) - Ballarat Goldfields NL has increased its total mineral resources of gold at Ballarat East by 0.3 mln ounces to 1.4 mln oz, including an indicated resource of 0.24 mln oz.

This rise is due to the company finding higher gold grades at depth, the discovery of a significant new fault and upgrading of 240,000 oz into the 'indicated resource' category.

Ballarat managing director Richard Laufmann said: 'The inclusion of Indicated Mineral Resources from the drilling program at Ballarat East is a significant result, highlighting the ability to develop gold reserves at Ballarat East based on drill hole data.' newsdesk@afxnews.com tc

Explosive,
am bailing on BGF for a 40% loss as want to invest elsewhere and need some funds. i will keep on my watch list to see if anything will make me want to return to it in the future.
Alex

I bailed out too, not going anywhere fast, better opportunities elsewhere.

Just a quick question.

Does anyone know the anticipated cost of production per oz?

Not yet no

explosive,

With respect, how can you make an informed judgement if you can't work out the probable profit?

I like the story here, the mine is in effect under the town!, and this is an histrical site, and have wanted to invest for some time. I did notice the reference to "problems" in the workings delaying the startup, which probably accounts for at least some of the drop in SP.

I would like to know a little more before I made an investment decision, but am keeping this on the watchlist.

Probable profit can not be calculated at the moment as the mine and blue whale fault is still being logged. Under a month ago .4 million extra tones was added to reserve estimates. Cost of production can only be calculated once reserves and their grades have been fully mapped. I choose to invest based on the evidence so far, the strong financial position of BGF and the very good possibility that reserves will grow further as higher grades are uncovered. The initial production phase is only looking to produce 100,000 ozs of gold per year, theres plenty of profit and life in this mine. I just choose to get in early where as other investors way well make there play in 9 months time. Mine is early as I believe the gold price alone to reserves is enough to produce an early profit and further reserves will be found as the blue whale fault is fully mapped. You must remember that BGF is exploring and developing production together, this I believe when time comes to start producing will move the company straight into profit and should shunt the sp.

Of course do your own homework and only invest once your comfortable, I must stress though this play is a 3 year min play. You may choose to take advantage of the current low sp as I'm doing but don't expect to see a return just yet! I'll endevour to answer more questions if you have any but please be patient as quite often I don't post on the BB's if I feel I don't have anything further to contribute.

Alex - Good luck in your next play, a wild guess would be your moving all in on another oil & gas player!! I currently hold SER, RIFT, GOO, CHP, FTO, BLR within this market segment. Thats enough for me as try and keep a rounded portfolio.

Explosive,

Thaks for your informative reply.

I have been looking around their website, and found this very recent presentation given to the recent Diggers and Dealers Forum in Australia.

Click HERE

You may wish to include the link to the presentation in the header, as it's an excellent view of the state of the company right now.

Explosive,
you guessed right topped up on GOO.
Alex

Thanks for the link Andy, have added it to the title header. Would also be intrested to hear your views on BGF, as you've seen from the thread not alot of intrest however I have to wonder whats drawn you to this stock?

Alex, good choice, in GOO also and in profit so won't be topping up further unless the sp slips for no reason!! Good luck