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

Robert, although it's quite dull really, the best method for long-term gains is holding onto certain shares for years. Sometimes you get lucky by being in a share that just goes up and up relentlessly. The really difficult part is NOT selling out when you have a big gain that you're scared of losing. The other side to that of course is to never become too attached to any one share. Contradictory advice in one paragraph........ and that's the puzzle!
My only basic advice for holding onto what you've already got is; if you have several shares that look like they're going downhill, get rid of all of them. Most of them will continue to go downhill and that's what drags down your entire portfolio.

To illustrate the point, I've been in and out of MER for years making tidy sums along the way. But if I'd simply held I'd have made a lot more.
Contrast that with buying and holding JKX at 24.8p.

Oh, and I would suggest you take about 2 years to work out who talks sense on these boards, and trust no one on here in the meantime!!!

i am holding these as long term [only got a few at the mo but may top up later].
Anyone, any thoughts as to the current spate of selling? just curious. ran out of long term fund money so cant take advantage of this lull. typical of my timing!!

anyone suggest a reason for the sp increase when only trade today so far a sell?

explosive, are you still a believer in this share? you dont seem to comment any more now the sp digging into yr profits.

Hi all, yes still in and sorry for no comments I got back into Gatwick at 1:30 this morning from holiday.... I see the current sp has fallen to 17.5, theres no real reason for this except the interims could have been a little better. Anyway am still up some 12% on this one and can only see the recent fall as a blip. Good price to buy into actuly and I'll have to see if I can get some more funds.

Beasties - agree with what you say about trusting people. Not so sure your illustration with MER on falling shares however is a good point. Sometimes a share falls for absolutely no reason at all, it doesn't mean it should be sold.

By the way you can also subscribe for newsletters free of charge on the below link.

http://www.ballarat-goldfields.com.au/newsletter/subscribe.cfm

hope you had a good holiday. always the sp's fall when portfolio full with no spare cash and other shares are a hold for the time being.

Very true, the sp's falling further too..... Mmmm now I wonder if a few '04 big players have decided to take their profits and move on....

Some interesting news articles....

http://www.bloomberg.com/apps/news?pid=10000081&sid=aE6XWFUz6R8I&refer=australia

Australia May Overtake S. Africa in Gold Output, Surbiton Says

http://www.theage.com.au/news/business/states-goldfields-on-comeback-trail/2006/03/05/1141493548995.html

http://www.theaustralian.news.com.au/common/story_page/0,5744,18567128%255E643,00.html

Good article below for anyone concerned about gold prices v's the strength of the ozzie $.......

http://www.heraldsun.news.com.au/common/story_page/0,5478,18638499%255E664,00.html

Well looks like were in a slump, I have no doubt this will recover along with the exchange. Current gain to date 9.4%

Some recovery it would seam, whos holding shares in BGF anyway??

i bailed out at a small loss to release funds for my next project. the day after the sp rose and i would have been in profit![my new project also went down after purchase too, typical] just waiting for more funds to get back in

Thats typical robert, how come you bailed out then? I am looking for another bounce in the sp and then will be out myself.

+20.66% up since starting this tread and buying this share.....

was looking for more chp[didnt bother in the end, for once a move that proved right]. chp didn't bring me the spoils i was expecting and i missed the 19p sp cos i was sleeping off nights, the following drop south encouraged me to top slice my holding but only after i had sold bgf[ a move i now regret but hindsight is a wonderful thing] in the end i went chasing blr and aimr again. i know more oil/gas, but hopefully i now have oil/gas pots around the globe and not just on one continent. does that mean i have a balanced portfolio?...LOL. i will buy back in as like you said gold always seems to keep its price and isnt nearly as volatile as gas/oil. just need to get this oil/gas philosphy out of my system[ and consign it to the tried & tested pile.. unless it works then i might stick with it]
Alex

Hi Alex, the oil & gas stampede was last years big earner, this year metals mining are doing well. Having said that I'm 47% up on Providence Resources bought on the 27/01/06 so still some good companies about. BGF at the moment isn't a bad buy under the 20p mark but you'll need to be prepared to stick with it until production commences..... Also try and keep an eye on currency, the ozzie $ falls against the US$ and this share tends to fall in price, however lets not dismiss when this happens production costs for BGF also fall making the company more proftable... Hence the fall in sp recovering now. I'm still trying to figure out high production could go on this site, @ 200,000 ozs per year. Now this production quota is very low and only an immediate milestone when production commences. BGFs mines are capable of far more so in 18 months production figures could be well upto 600,000 ozs a year!! I will no doubtly try my usual trick of getting in for the rises and selling, letting the sp fall and getting back in.

Profits have been taken for year end now and the rebuy continues....

Back to 20.25 and pleased to be in profit 30.31% since buying and starting this thread. Am expecting sp to follow NMX1770 (mining tracker) up staying above. Nice to see the entire sector has risen giving way to the sp rise of recent.

Anyone see Bloomberg this morning, looking at recent studies the price of gold is set to rise with no fall in demand!! So organic growth whilst commissioning just around the corner..

0 trades today, I'm still here though.