A thread set up and dedicated to Gold and Mining stocks.

Gold could be set to bounce up again in the near future and throughout the autumn and winter. Higher oil prices and inflationary worries both here and in the states mean its an excelent hedge against the falling dollar and weaking markets.

Please post which stocks you feel may benefit other posters. Lets all try and make some money from Mining.

cheers GF.

If metals are in backwardation and future prices are lower that spot prices how do you see this effecting the furure of the big mining companies ie AAL BHP.
China does not seem to be slowing down, the soft landing has'nt happened and it looks as if future demand will remain high for some time to come.

MS

For ANDY and the lads..............................

In from watshot..

I am aware that Toledo Mining Corporation (TMC) enjoys keen interest amongst the members of WatsHot.com. Just the other day it was reported that Endeavour Financial, which has a global presence, with an investment-banking team to match, in its chosen sphere - raising capital for mining projects - had been engaged to advise on Philippines-based Toledo Copper. A separate report said that before the operations ceased, the last 15 years of operations at the same grade of the remaining resource - and of projected future production - had produced profits of up to $100 million, a thumping figure even if the latter figure took no account of debt service, taxes or management fees. Meanwhile there have been no setbacks in the development of the nickel deposits, and indeed the company is seeking support for the building of a plant to supplement its growing shipping operations. The ubiquitous Cambrian has taken another major bite, and at 2.75p per share, the recommendation remains, buy.

cheers Gf.

NOW THIS IS VERY IMPORTANT..............................

energyi - 14 May'01 - 07:30 View 'energyi' profile



Bisichi is a tiny company. Market Cap is just over 3 Million.
But it is not a typical junior mining company. Indeed most
companies of its size are involved in exploration rather than
mining. But BISI is a different animal altogether.

Bisichi owns shopping centres worth 7.8 Million, more than
2 1/2 times its Market Cap. And yet it remains listed in the
Mining sector. Why? Some years ago BISI had its mining
operations in Nigeria nationalised. Management of the
company was taken over by its largest shareholder, London
& Associated properties, which is controlled by the conservative
Heller family.

The Hellers have used property investments to rebuild the
company's asset based. And now Bisichi is a miner again
with a coal mine, the Black Wattle, in South Africa. With coal
prices shooting up, the mine is making money. Further development
and expansion of the mining is underway.

So there it is... at 32P, you get Retail stores at a big discount,
a reasonable dividend, and a growing mining business thrown
in for free. Fish & Shops, anyone?

Monthly CHART


NAV per share keeps growing


= = = = =
LINKS:
Website: http://www.bisichi.co.uk


DiogenesJ - 7 Oct'04 - 10:41 - 147 of 167


You never know, Oliver. Bought a few just in case (Western Canadian Coal, WTN). Also have a small stack of Cambrian Mining (which owns a large chunk of Western Canadian and of Asia Energy).

oliverletwintit - 8 Oct'04 - 00:53 - 148 of 167 edit


Yup me too, owning Cambrian. Didnt go into WTM because one of my brokers cocked it up online and then I saw the sells coming in.

I was flabbergasted, I thought initially that WTM was held by just the big Investor trusts etc, but certainly not when I saw 4,000 and 2,750 pass my eyes as sells. (and more like this)

Obviously the Brokers have got their hands on these which make it a different ball game. Obviously they have alloted them to their rich clients and they are flogging them on the first day of trading, PATHETIC.

Im now going to wait and see if it settles down, if not I will purchase more BISI or Anglo Pacific. SHAME, it could have been a superb new offering.

regards oliver.

DiogenesJ - 8 Oct'04 - 11:41 - 149 of 167


Yes, turned out to be a mistake buying on the first day. Only bought a few; I'll watch now to see where it settles, and may top up then.

BISI up another penny. Now let me see, if it goes up a penny a day, in a year's time it will be...

Ah well, back to the grindstone.

oliverletwintit - 8 Oct'04 - 12:02 - 150 of 167 edit


LOL, yup but its a nice feeling. UP just over 200% from this time last year.

regards oliver.

BIGBOBJOYLOVE - 8 Oct'04 - 12:14 - 151 of 167


why the sudden burst up,is a note out? a bid coming? whats happenin dudes,i know its cheap but...

oliverletwintit - 8 Oct'04 - 12:38 - 152 of 167 edit


Storming ahead, up 17p and well through the 200p barrier.

Tipped on the faraj thread.

regards oliver.

DiogenesJ - 8 Oct'04 - 12:41 - 153 of 167


Very illiquid, bob: take care.

Sammu - 8 Oct'04 - 13:24 - 154 of 167


Oliver

You mean you just tipped it on the faraq thread?

Sam

DiogenesJ - 8 Oct'04 - 13:34 - 155 of 167


Lol - good ramp, Oliver. :-)

Angel of the North - 8 Oct'04 - 16:42 - 156 of 167


From www.everyinvestor.co.uk

Plans to double production
There are also plenty of developments pointing to resumed profit growth in the future. Apart from the rising coal price and the export contract the company is also working on plans to increase production. It has negotiated a SA Rand 25m financing to support a broad investment programme including the purchase of a machine for continuous mining. The plan is that this will enable the company to lift production from 70,000 tonnes presently towards 120,000 and even 150,000 tonnes annually. The group has also put in facilities to wash all the coal, which reduces quantities but enables sales to be made at higher prices.

There are no forecasts for sales and profits but the company says it is confident that results for the full year will be good. Equally it is easy to see that the combination of rising prices with sharply higher production bodes well for profits in future years.

A further interesting question is how the company might exploit its strong cash flow, healthy balance sheet and black empowerment status in the future. One major opportunity comes from legislation designed to force long established white-controlled mining giants to sell to the South African government mineral reserves and prospects that they are not actively exploiting. These assets will then be sold on to suitable black empowered smaller mining concerns, like Bisichi, eager to develop those assets. The company has coal reserves of around 15m tonnes so would love to acquire more reserves.

Much depends on the coal price remaining buoyant. But, if it does, Bisichi will have the resources and the opportunity to develop into a significant mining company.

DiogenesJ - 8 Oct'04 - 16:49 - 157 of 167


Thanks, A. Good to see some firm information posted here.

Angel of the North - 8 Oct'04 - 16:58 - 158 of 167


Bought in this morning - so tis my duty to ramp? a little?
More:......

Soaring prices and black empowerment help Bisichi succeed

Two key factors lie behind the startling recent success of Bisichi. First is the dramatically rising coal price which has doubled, from $30 to $60 a tonne just since last April. This in turn reflects soaring demand in China, which has gone from being an exporter of coal to a net importer sucking in coal from Asia and Africa.

The second factor is black empowerment. Bisichi went the whole hog on black empowerment by selling a 37.5 per cent stake in its Black Wattle Colliery to a black-controlled company, which has then been instrumental in opening many doors to the company.

In particular black empowerment status has enabled Bisichi to become an exporter of coal through Richards Bay Coal Terminal. The company says that the long-term export contract it has been able to negotiate locks in a significant profit margin.

It is complicated to calculate exactly what effect a rising coal price has on Bisichi because of the mix of production between exports, coal sold into the local market and low phosphorous coal sold at a premium to furnaces producing stainless steel. At the half-year stage for the first six months of calendar 2004 the group said that average selling prices for coal were 21 per cent higher than in the second half of 2003. Since then the coal price has risen further.

Investors were initially disappointed when the interims showed profits falling from 746,000 to 726,000 with operating profits down from 1.00m to 883,000. However the company says this was a very good performance because it came despite needing to move all three mining sections at the Black Wattle Colliery during the period to exploit new reserves.

Gan canny oot there.......!

DiogenesJ - 8 Oct'04 - 17:07 - 159 of 167


Canny it is, A. :-)

DiogenesJ - 8 Oct'04 - 22:59 - 160 of 167


Here's some more bullish comment on the price of coking coal:

07.10.04: shares in BHP Billiton and Rio Tinto were higher in afternoon trade as Dresdner Kleinwort Wasserstein said the two blue chip miners remain its top picks in the UK listed mining sector, dealers said. In an upbeat note on the sector, the German broker said it believes the mining sector offers superior earnings growth compared to the market with EPS forecast risk still on the upside. It added it has raised EPS estimates again, principally for the bulk commodities and oil. It now forecasts a 22% increase in iron ore prices and a 60% rise for coking coal in 2005. The broker said it retained a preference for bulk commodities, particularly iron ore and coking coal exposure as these commodities boast the most attractive medium-term fundamentals, and therefore have a stronger case for a higher multiple of peak cycle earnings in 2005.
(from InvestorEase.)ENDS.


BUY COKING COAL COMPANIES but forget UK coal as that as fixed low contract prices up until mid 2005. BISCHI, Anglo Pacific, and the newly floated Western Canadian Coal give exposure, but let this last one settle down for a while. Cambrian is another but too many jockeys on it at the moment.

cheers GF.

cheers GF.

Has any one read the lex column in todays FT on mining, can they give me a summary of it please or paste it.

I've brought this thread back up to the front page again, as the gold
price is doing well recently, so the assoc. companies may be of
interest to others apart from just me :>)

Yup well pleased. Tooled up derd cheap in mid summer and now looking at some fantastic gains. Could see this coming the writing was on the wall, all speculators in oil but some time the bubble had to burst. Bang in the two budget deficits in the US and you have an ideal breeding ground for POG.

cheers GF.

POG now back over $450 .

cheers GF.

Nice to see some share prices recovering a bit also today
RRS took a nasty knock/profit taking end of last week, up
again today thankfully. But other major miners BLT etc down.