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.

>> GF

Could just be the commodity bandwagon. I notice a Canadian organisation have taken a slice in zincox, and I have had my eye on PTG for some time.

The interesting thing about these stocks is that sometimes taking a flyer is not a bad idea. ie somebody knows something, but it may not constitute official news and therefore nothing is visible. Both these two are on the bounce, might be worth a punt (with the long term backdrop that commodities WILL rise further). Did you notice the bounce in BAU recently (I imagine you did as you are holding)?

PS. Liking the look of APF the more we go along.

rgrds
gk

Hi gallick,

I think we are just about at the crossroads in the markets at the moment, either we break out and up significantly or we go the other way.

Im well protected for the downside as I have previously posted including Bema and other small gold miners.

I held Zincox for about 2 months earlier in the year when that bloke wyatt whatevet tipped it but it moved downwards with the Zinc price later on and I sold.

I suppose I will have to have another look at that one.

APF and BISI are real gems, just more or less keep going up day on day, its really nice.

cheers GF.

ps, by the way been told this evening that UK Coal is going to have in the very near future a full re appraisal of all its freehold land and property so be ready to buy as an asset play rather than a mining play if the update comes out well, remember this one has all its coal sales until mid 2005 already locked into contracts at low coking coal prices - MUGS.

AFE is flying this a.m.

Yup must be on the back of news due out next week.

cheers Gf.

This was mentioned in t1ps.
On Wednesday, www.t1ps.com revealed that Chaco Resources, the cash shell that used to be known as Goldmines of Sardinia, may have a second deal in the pipeline after a reversal of Paraguayan oil exploration acreage into the group. Market whispers suggest that the second deal is in Libya. After we broke the news to a wider audience here on UK-Analyst, the shares are rose 0.35p to 2.17p. Thursday's scoop from the UK's top financial website was that African Eagle is likely to be announcing some cracking drilling results from its Eagle Eye copper deposit in Zambia as early as next week. African Eagle shares jumped 1p to 15.25p on the revelation. For more hot tips like these click here.

I hold a few New Millenium (NML) shares and they are currently waiting for imminent good news on their Angolan project. However, as a relative beginner, I would greatly appreciate the opinion of more experienced investors in the mining sector.

Well, lads and lasses, what do you think?

Guru,

I hold a few NML.

they are an AIM traded Australian company, with prospects in Greenland (diamonds / nobium), and Angola (diamonds).

They are currently concentrating on their C9 concession in Angola, as it offers a quick route to cashflow, that can be used to advance the Greenland properties.

The history is that NML promised to have equipment onsite in April, and be mining soon after. The reality is that schedule was far too ambitious, and changes were made at the top of the company after this failure.

The current situation is as follows;

NML have purchased mining equipment for the Badenhorst brothers, Kimberley S.Africa. A small dscounted placing was done to finance this, which did not go down too well with the current shareholders, but we have moved on now.

The equipment was shipped from Cape Town to Angola, where it has now cleared customs at quayside, and is due to depart today in a convoy of 40 trucks for the other side of the country, journey time around 5 days. The final few kilometres are through difficult terrain, and the route requires some "gardening" to be passable, so it will be slow going. NML are doubling up with another mining company for the convoy for "safety in numbers".



Angola has internal customs, so maybe a few hurdles to pass yet.

Once onsite, mining is due to commence stright away, and we hope for decent grades from the off. The Badenhorst brothers are experienced miners, and "can't wait to start" according to NML!

This is clearly a speculative play, with additional country risk, but, IMHO, is a reasonable speculation within a balanced portfolio.

If you have just invested, there shouldn't be too long to wait for commencement of mining, so there is a reasonable chance of some immediate upside in the SP.

NML are also in discussions about further joint ventures in Angola.

I hold, and am considering adding as mining approaches, but nothing is certain until those initial grades are announced, so DYOR, and good luck with whatever you chose to do.

Further information can be obtained at the company website ;

http://www.new-millennium.com.au/index.php

Andy.

Guru,

This has just been posted on another BB, by an infomed poster.

------------------------------------

4-9-2004

NML and JCI are sharing a convoy for security reasons, and NML has been held back a few days by JCI as their preparation and equipment delivery was a bit behind. This is a seriously massive mobilisation of men and equipment - a 2km long convoy of 40 big semi trailer trucks and hundreds of men and security accompanying. In fact this is the biggest peacetime convoy to leave Luanda, ever!

It will be a week up to site at least, and then demobilisation, assembly and then production begins. The fact that a major like JCI is joining forces with NML is extremely interesting, and demonstrates to me that management are taken seriously and this is going to be a decent sized operation. I have been part of a big shipment of stuff before in Australia but this is another order of magnitude greater - it is a serious logistical task and there is a lot of big kit being moved on these monster trucks. This will be the fifth mining operation in the country and the government is supplying the security (ie guaranteeing that their interest in the project becomes a production share) and ensuring smooth operation of the convoy. We are only a matter of days away from NML issuing some serious news and getting a decent rerating from the market as a result.

Intercept,

That's a very harsh statement IMHO, they were certanly guilty of being "overly optimistic", but more than that you can't say for sure.

Changes at the top resulted from that let down, and now they are doing it properly it would appear.

The facts are, They have bought the equipment, it has been shipped from Cape Town, S.Africa, to Luanda, Angola, then cleared customs, and been loaded upon a number of flat bed trucks for the trek to C9, a 4 - 5 day jouney across Angola.

The convoy was due to leave yesterday, so that's where we are now.

The Badhorst brothers are reputed to be experienced alluviam miners, and are onsite.

Not too much time to wait for initial grades now, I'm holding, probably adding, in the realisation that there is risk, and a good potential reward, and my position size within the portfolio reflects that.

I figured it was you.

Every one to their own investment style I suppose, and far be it from me to pffer any advise, but not sure what you're achieving by buying single 6p shares and paying dealing costs each time.

You seem very bitter about NML, did you take a hit early this year?

Is it Testex again with yet another name change? lol

intercept,

Well I am not blinkered, and do change my view from time to time, when circumstances change.

I still beleive NML are on track to be mining within the next month or so, and we just need confirmation of the grades IMHO.

Please feel free to tip away, I have an open mind.

I have started an NML thread, to avoid dominating this thread with discussions on one share.

Bisichi just goes from strength to strength as does Anglo Pacific on the ever increasing coal price. Rumoured that Cambrian Mining will have a pit mining and selling coal in the last 1/4 of this year.

Well worth further investigation.

cheers GF.

Almost 2 Million shares traded on AFE so far today. Does anyone know what is going on?

Further to my recent post regarding South African Resources (SFU), the SP continues to rise steadily, up 6% today.

Regards

PTH

hi guys
have you got any views about bhp billiton. it seems the share price is stuck at around 520p. i have got a bet (BUY) on it 533-503. I THOUGHT THE PRICE WOULD RISE QUITE QUICKLY DUE TO VERY GOOD COMMENTS AND RECOMMENDATIONS. PLEASE FEEL FREE TO SHARE ANY VIEWS.
CHEERS

Be carefull Zeb, have a gander at the home page on here and the outlook from the US second item down, a suprise profit warning from commodity and alluminium giant Alcoa. Could affect the sector
cheers Gf.

hi goldfinger
thanks for replying. There will be as well a report about the china's growth state on monday which will be very important for the mining sector. I personnally think there will be a little slowdown . IF there is a downtrend hope 505 p (bhp billiton) will be a good support.

cheers

Seb thanks for that info on the China report , I wasnt aware and I have a fair % of my portfolio in metals. I will be looking out for the report.

cheers GF.