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.

Coal prices have more than doubled in the last 6 months on a massive demand from china and India and this little Coal Miner market cap circa 11 million and established P/E of 13 forward P/E circa 7 is just going on up and up. It exports a lot of its coal to the mentioned areas and a added bonus is the property and land it owns.



cheers Gf.

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GD

Did you say that a tip sheet had a long write-up on Trans-siberian gold,can you post it please, TSG is my 2nd largest holding. cheers. Ald.

aldwickk, will do this evening not that much too it though when Ive had a second look.

cheers GF.

Can anyone explain what is happening to AFE and OXS. I understood that once the rainy season had passed they should be news from AFE which should see its price begin to rise but alas I have heard nothing and it seems that no news is bad news and the price continues to drift south.

OXS is showing a similar trend. Is this drift because of lack of news typical of mining stocks? Any views would be welcome

Cheers

B2B

Thanks GF, at the moment i have slightly more diamond miners then Gold, FDI,AFD and a few NML, do you hold any? whats your view? I have a large investment in FDI which i consider to be one of the best small diamond miners around.

B2B, will likewise get back tonight on AFE. Will give winnie a ring and ask him if he has heard anything. Got to go to the rotten dentists now. See ya later.

cheers GF.

Got the gear lads, please just be patient, nothing critical except me and my gob. That dentist was a butcher and thats for sure.

cheers GF.

The latest news I could find on African Eagle...............

However two releases in three days shows African Eagle* (AFE) is not inactive. The statement concerns the copper deposit Eagle Eye in Zambia where African has drilled 4 of a 34 hold drilling programme planned for this summer. The key phrase reads:

Some of the drill cuttings contain visible copper mineralization and the samples are being shipped for laboratory assay. We will await the results keenly over the coming weeks. In addition to the drilling, our latest geological mapping has revealed copper mineralization in the southern limb of the Mweze fold structure, extending the known strike length of the system from 8 to 10 kilometres.

Ends

Visible mineralisation is encouraging but lets not get carried away. We need to wait a few weeks for the assay results and ideally a few more months for more drill holes to be completed before anyone can really start talking about commercial - let alone World Class - deposits. If however Eagle Eye comes even close to living up to the hopes of its supporters in terms of grades, news that the strike length is 25% greater than previously thought is also very positive.

With both Eagle Eye and Miyabi making good progress and an exciting drilling campaign at both ahead over the summer my stance remains "speculative buy" .

cheers GF

Right extracts from the tip sheet item on Transiberian Gold.

Price at the time was 134p.

Claims gold deposits worth 1.2 billion v market cap of 36million.

Highly speculative tip for value investors.

Latest figure of total mineral approx3.2 million worth circa $1.2 bilion at market prices.

Stupendous figures for such a small company.

Says this is generally a pretty low margin business and a lot depends on POG atany one time.

Director speak - " our gold resources after accounting for production costs are worth circa $25 a share and our present market value considerably understatets that".

$25 is about 13 to 14 at exchange rates against a share price of 134p.

Company has noy yet sold one solitary piece of gold.

Company flush with cash but this will be used for exploration and development.

Ultra high risk tip.

Were in Russia so that can have problems.

Speculative Buy. ENDS.


Wont give the tip sheet but it is a specialist one for value investors.


Sounds very promising, might have a few bob on these further down the track.

cheers GF.

Many thanks for your efforts GF.

Much appreciated.

B2B

Many thanks GF

Bisichi up another 4p today. Good stuff.

cheers GF.

Gf
Re post 13. How recent is this news please as I haven't seen anything from AFE since 24 June?
Regards

http://www.africaneagle.co.uk/news-85.html

This is what I had in mind

Is Griffin mining still a gold play? or is it going to mine more zing then gold.

ZAF last month.

cheers GF.

Will do cheers.

GF.

Those massive trades must be Venon Viper [ testex ] adding to he's one share.