Anybody got any views on this ? Awaiting drilling results. Anglo Pacific have bought 5m shares last month. Signifigant buying over the last few weeks,
I own shares in this but would be interested in views of any mining gurus
http://www.hidefield.co.uk/s/Home.asp

The following was taken from the fool.


HI

My broker first advised me to get into this share a few days ago. He seems to think that the company can generate huge profits from its mines in cata preta. Let me try to explain why....

My brokers in house gold mining expert has worked out some very rough and ready figures on what hidefield could earn on the 130,000 ounces of gold that is KNOWN to be already there waiting to extact. So this is without the numerous other projects that hidefield has under its belt as well !!

My broker seems to think that hidefield can and will be a low cost producer. This is because the cata preta mines are not only already there and known about i.e mapped, but the whole complex has very easy access through its roads.

Apparently an average gold miner can extract gold at around $100 an ounce. Whereas a low cost producer can extact gold at around $30 an ounce. My broker thinks that hidefield could emulate the latter.

If you subtract the cost per ounce ( i.e $30 ) from the current price of gold ( i.e $400 ) it doesnt take alot of working out that there could be a profit to be had of $370 an ounce. WOW !!

TO work out what hidefield could earn per year, my broker has come up with this important research.....

To extact 130,000 ounces would take around eight years with modern machinery. So this would mean extacting around 16,000 ounces per year. Times this by $370 dollars an ounce and you have about $6 million profit. Putting it into sterling and remmembering that hidefield only has a fifty percent share in this project at the moment through its tie- up with brazilian diamonds and you have a profit before tax of 1,500,000.

So times this figure by ten ( which is very conservative ) and hidefield should have a market cap of atleast 15 million or a share price of about 15 pence, around double its current price.
And this is a conservative forecast !!

And it is totaly without the other projects that hidefield have up their sleeve as well !!

So, to put a price on the WHOLE of hidefield which would be very difficult indeed, but would probably mean a market cap of nearer 30 - 40 million ( meaning a share price of around 30 - 40 pence ). This compares favourably with the current share price of 7.5 pence and gives substantial upside potential. But it is a total guess I know, but I dont think this would be impossible.
To conclude, I feel very bullish about this share, but I in no way want to be accused of trying to ramp it !
These forecasts are only ' top of the head ' and could easily turn out to be wrong !

If anybody disagrees with me then let me hear the bear case for this company. Or indeed if anyone agrees with me, then all the better I say !!


cheers

stakebuilder
http://boards.fool.co.uk/Message.asp?mid=8294445&sort=whole#8353897

Kepler Teather & Greenwood Merrion

Initiation of Coverage

We Initiate Coverage With a Buy Recommendation

We have initiated coverage of Hidefield Gold with a Buy recommendation, based on the substantial near-term upside driven by the aggressive exploration programmes.We have calculated that the stock is presently worth c16.3p per share, calculated on a sum-of-the-parts basis. However, if the current programmes are successful, we expect to be revising this target upwards. Over the next few months, the Hidefield story will be driven principally by the release of drilling results from the East Santa Cruz gold project in Argentina, although other exploration projects in Alaska and Brazil should also contribute.



http://www.minesite.com/Downloads/brokersResearchNotes/hidefield.pdf

Hidefield Gold says additional high grade gold found at E Santa Cruz Argentina

Hidefield Gold plc (HIF) said additional high grade gold mineralisation has been intercepted in drill holes at the company's East Santa Cruz gold project, Argentina.

Six of the first seven holes on the Coyote Norte vein in the Martinetas sector of the project area have significant vein intercepts including 12.23 grammes per tonne gold over 2.0 metres in CYN-06-01, the company said.

...and yet more gold found near East Santa Cruz, this time averaging over 12g/t and reaching up to 36g/t. And this when gold is not far short of $700 per oz. Come on Hidefield!

Hidefield Gold plc

Statement regarding share price movement


Hidefield Gold plc ("the Company" or "Hidefield") notes the recent
rise in the share price of the Company and confirms that it is in
discussions with a third party which may or may not lead to an offer,
which would be on an all share basis, being made for the Company.

This announcement has been made with the agreement of the potential
offeror.

A further announcement will be made in due course.

In accordance with Rule 2.10 of the Takeover Code, the Company
confirms that it has 410,235,511 ordinary shares of 1p each in issue
and admitted to trading on the AIM market of the London Stock
Exchange under the ISIN reference GB0003644506.


Enquiries:

Hidefield Gold plc
Ken Judge (Chairman)
Tel: + 44 773 300 1002

Investor Relations
Jon Bey (North America)
Tel: + 1 604 638 3948

Hanson Westhouse Limited (Financial Adviser to Hidefield)
Tim Feather / Matthew Johnson
Tel: + 44 113 246 2610


Hanson Westhouse Limited, which is regulated in the United Kingdom by
the Financial Services Authority, is acting for Hidefield and no else
in relation to matters described in this announcement and will not be
responsible to anyone other than Hidefield for providing the
protections afforded to customers of Hanson Westhouse Limited.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and
Mergers (the "Code"), if any person is, or becomes, "interested"
(directly or indirectly) in 1% or more of any class of "relevant
securities" of Hidefield, "all dealings" in any "relevant securities"
of that company (including by means of an option in respect of, or a
derivative referenced to, any such "relevant securities") must be
publicly disclosed by no later than 3.30 pm (London time) on the
London business day following the date of the relevant transaction.
This requirement will continue until the date on which the offer
becomes, or is declared, unconditional as to acceptances, lapses or
is otherwise withdrawn or on which the "offer period" otherwise
ends. If two or more persons act together pursuant to an agreement
or understanding, whether formal or informal, to acquire an
"interest" in "relevant securities" of Hidefield, they will be deemed
to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in
"relevant securities" of Hidefield by Hidefield, or by any of its
"associates", must be disclosed by no later than 12.00 noon (London
time) on the London business day following the date of the relevant
transaction.

A disclosure table, giving the details of the companies in whose
"relevant securities" "dealings" should be disclosed, and the number
of such securities in issue can be found on the Takeover Panel's
website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has a long
economic exposure, whether conditional or absolute, to changes in the
price of securities. In particular, a person will be treated as
having an "interest" by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative
referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be
found on the Takeover Panel's website. If you are in any doubt as to
whether or not you are required to disclose a "dealing" under Rule 8,
you should consult the Takeover Panel.

The distribution of this announcement in jurisdictions other than the
United Kingdom may be restricted by law and therefore persons into
whose possession this announcement comes should inform themselves
about and observe, such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities laws of any
such jurisdiction. This announcement does not constitute an offer or
an invitation to purchase or subscribe for any securities or a
solicitation of an offer to buy any securities pursuant to this
announcement or otherwise in any jurisdiction.

=--END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement

massive tree shake just now..........on its way back up tho