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

Explosive,
something went my way [GGG & SCR]and funds mean i am back in, this time with a long[er] term view.
have split my portfolio into (a) short money grabs and (b) smaller holdings but longer term holds. that way i can get the buy/sell buzz and still keep a sensible amount in a long term fund for when the inevitable happens with option (a)
Alex

Hi robert, I take your in today, what price did you manage to get in at?

Only three buys so far today aganst zero sells,

500 @ 18.69
10,000 @ 18.75
5,564 @ 18.66

i was the little buy, 500 at 18.69. i only have 2.2k in my portfolio [up from 1900 in feb when i started] thats the trouble when you only have a small pot of cash as money you can afford to lose.
Alex

Hi Robert, 500 @ 18.69 = 93.45, how much commission and stamp did you pay also for this trade? I am looking at your buy in terms of what target you've got for these and expect that in reality your play will have to be long to make any money.

Just out of interest what other shares do you hold? I've;

Griffin Mining (GFM)
Fortune Oil (FTO)
World Television Group (WTV)
Sefton Resources (SER)
Stanelco (SEO)
William Ranson & Son (RNSM)
Chaco Resources (CHP)
Patsystems (PTS)
Ballarat Goldfields (BGF)
Providence Resources (PVR)
Mwana Africa (MWA) - Previously African Gold aquired by.

Explosive,
I pay 7.00 commision and no stamp [dont know why no stamp was taken, would have been about 50p] , total sale was 100 give or take a few pennies.[ i trade with the Hoods but execute only a/c, they were cheaper than halifax who were 12.5 per trade.
I hold SER,BGF,CHP,BLR,AIMR,GOO,PCM. BLR,AIMR,BGF are deemed long term holds[ie i am not planning on touching them again except to top if i get any spare cash from the riskier plan a] CHP,SER,GOO,PCM are plan a. Grab profits when they go up [i normally use 20% or more rise in SP as a guide for when to sell]and possibly buy back in the drops[ they are good enuf just to leave alone but i like the buzz of buying/selling[obviously wont sell if no profit as i havent the money to lose, the downfall of this plan is selling too early.]
PCM are only in bcoz of a gamble that failed as my computer went down when they were at .13p b4 the results came out. by the time my computer was back on line 30mins later they were down to .7p so am stuck with them.
This is a means of stress relief for me, my methods will undoubtedly never make me a fortune but it is fun. are you a serious player?
Alex

Hi Alex, I wouldn't consider myself as a serious player, currently I'm not working just trading however I do plan on returning to work as soon as I find a suitable position. Currently my portfolio is worth 9K+ however I haven't long ago taken profits. I also have a further 4K in a ISA far eastern fund account.

I see you like your oils 5 of 7 companies invested, AIMR a miner (on my watch list) and Pacific Media which I nearly bought into myself!! Not at all a bad portfolio for a 2.2K spend. I'll most probally sell SER and MWA within the next week or two as I consider better picking on the market AIMR a good example as is KEN and LTR.

Explosive,

Have bought and sold AIMR before and went back to it. if had stayed put then profits would be so much higher but i still made a profit so i'm not complaining. i want to top slice SER but need it to get over .55p per share to cover costs[ in at 0.5,0.53,0.55, this time around, was in at 0.45 and sold at 0.52 but i still like the share] i like the look of LTR and BRR but haven't any spare cash so will have to leave them on my watch list for now. [also these were noted favorably by uncle Tom B.]
Some of my earlier trades were commission free so i was able to buy and sell with smaller profit margins. my best deal was CHP in at 12.39p out at 17.84p back in at 15.72, net result i ended up with 500 more shares for no cost. they haven't exploded as much as everyone hoped so am now just sitting on them and waiting.
I am a little concerned with these South american countries renationalising their oil /gas industries. i hope they dont affect the S.American countries i have a vested interest in. i think i may have to go back looking to china again when some money frees up both GGG and SCR up again today. i would love to know what is going on with GGG up 15% y/day and at one stage today up 21%
regards
Alex

Moving again in the right direction.

Explosive,
bought some more bgf [only 750] as they were cheap. i believe the SP only down due to the main indices being down. imho shud push back towards 18-20p soon enuf and hopefully beyond. down as a long term buy.
have you topped up at this price?
Alex

Hi Alex, unfortunatly not been able to continue buying as I'm out of available funds until tomorrow when a DD will clear my broker account.

Explosive
looks like i bought a day too soon!
Are you in a position to mop up the discount yet, or are you playing the sensible waiting game[the one i have to learn it seems] ?
Alex

Funs now clear and I'm playing the waiting game, alot of good stocks that look cheap to me.

Back to break even!!



Gold still pushing up if looked at from a monthly average perspective.

A sharp peak and then fall in recent days, looks to me like the fall corrected the initial climb and were now see a gradual climb. If so sp should start moving next week with confidence of now further reductions in price.

I'm holding for now as surplus stock could further depress the sp.

looking at todays sp I feel we may have lost one or more of the trusts/funds invested in Ballarat. SP looks depressed to me and overhung, may take some time for the overhang to clear. Holding now as could well see another decline.

-10% gain to date, the market should bounce back though so holding until the fog clears.

Post made by doughboy66 on the CHP thread,

I think this proves what a good hold this will be.

FROM MONEYWEEK

commodities bubble, gold bullion, peak oil, gold reserves
Why commodities aren't in a bubble



24.05.2006


The consensus is that the commodities market is a bubble and that it has started to collapse.

This is how we see it.

Commodities bubble: is paper money better than gold?
Gold bullion has, following the recent sell-off, held above $680/oz. Golds initial $55 fall started on Thursday 12th May at a high of $730/oz and ended the Monday following at a low of $675/oz. Tuesday, Wednesday and Thursday the price held steady above $680/oz. There are strong hands at that price, otherwise prices would have escalated down further.

Of course, the market can make us all look foolish and it is quite possible that further price erosion could occur.

But has the world changed and do we now favour fiat money over real money? We dont think so!

Is it reasonable to expect the bull market in gold to have ended at $730/oz? We dont think so!

The gold price is set to go much higher unless the world economic conditions have suddenly changed beyond belief.

Morgan Stanley has produced some fascinating research concerning the worlds gold reserves, currently at the lowest level in history. On a percentage basis of total foreign reserves, they are as follows:

US 58.3%
Germany 42.0%
Netherlands 87.0%
Spain 15.0%
Austria 22.0%
Finland 77.0%
South Africa 24.0%
Belgium 20.0%
Italy 49.0%
Switzerland 38.0%
Great Britain 7.8% (thank you Gordon Brown for selling nearly all of our gold at less than $250/oz!)
Japan 1.8%
China 2.1%
Taiwan 3%
Singapore 1.7%
Indonesia 3.6%
Peru 3.9%
Russia 9%
Saudi Arabia 7.3%.

It is quite simple to deduce from this data that those nations with huge dollar reserves hold the least gold. It seems to us nigh-on certain that some of those Central Banks will prefer more gold and less dollars wouldnt you?

Explosive
whats the story with this one? off 5p a share since buying in. thought i might be safe with 'gold' shares. is this drop due to market uncertainty/A$ etc or something more fundamental? your thoughts please
Alex

I believe the drop is due to market uncertainty, nothing has changed with Ballarat and operations continue. Have yet to see any evidence that any of Ballarats major holders have sold. So far today we've seen 5000 buys against 0 sells and a 1.25 drop in the sp. This tells me MM's have reduced the sp in fear of further sales in gold. I really do think that these lows will be washed out in the next few weeks and the sp will return to its support level of 17-18p.