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

Hi Alex, Holding both BGF and SER. I've got just under 5mil in SER and as always its a waiting game. SER is very volitile so swings very quickly, I find the trick is to top up on the really lows and sell at between 20-30% profit on highs. You'll have to be patient though as when goes up never stays up long. SER is on a down trend now as its Tapia production has fallen, this should pickup come mid summer and the price should go up, patients is th name of the game so don't let lows draw you in to sell at a loss when theres no reason other than spuculation driving the price.

Explosive,
still holding but this is the only share i hold with any room to top slice but i need to wait until it goes up.
have bought/sold SER several times for a profit but never seen it slide this much, my top ups were obviously mistimed!!
ah well, we will just have to wait and see. with the results out soon[june time i believe] the SP should hopefully head north.
Alex

Hi Alex, looks like market speculation is once again driving SER. Be time to sell just before results are announced. We all know production has fallen and with expenditure going into gas there will be no profit but a small loss. With that in mind I'm looking to sell and rebuy when the price falls back to a bid of .30 or less.

BGF seams to have found support at 12.5, I am expecting another rise in the price of gold so should see the sp also rise within the week.

Explosive,
do you know the intended date for the results as want to time my sell right this time will settle for a small loss if i have to[as opposed to a big one].
BGF looking good value if i can free up some cash.

Do you have any thoughts on MNT? they have been thru the mill lately but look as though they shud go up from here on in.
have a good w/end
Alex

Alex had a quick look at MNT and to be honest I don't see the difference between it and a typical fund managed investment off the high street. Minmet are buying into businesses which they think will produce a return on money invested. I do exactly the same thing when buying shares only difference is theres no MNT cashing in on my profits. Also the portfolio is very high risk, how many of the companies invested in actully make a profit and pay a dividend? This company is trading on the basis that it will be able to sell to larger miners reserves its aquired, abit of a gamble if you ask me as many companies BGF included already have reserves and are busy building production or enhancing whats already there.

Regarding BGF results I believe we'll see these in August, there should also be a quarterly trading statement issued end of July. Commissioning is now complete and BGF should be producing a turnover. The sp has fallen due to timescales being put back slightly with the discovery of the Blue Whale fault. All in all though I'm happy to wait this one out, BGF had some $42.6m cash at 31st March '06 so plenty to fund production ramp up to 200,000 ozs p/a in 2008/9.

Big rush on Ballarat Gold
George Lekakis
02jun06

RECORD trading this week in Victorian gold miner, Ballarat Goldfields, has triggered speculation that a predator may soon launch a takeover for the company.

More than 93 million shares in the listed miner changed hands yesterday -- the highest turnover posted for the stock this year.
Since soaring to a peak of 50 two months ago, shares in the company sagged to a year low of 30 last Friday in the wake of the sudden slide in gold prices.

The company has averaged daily volume of about 6.6 million shares this year, but almost 140 million shares or 12 per cent of the issued stock have been traded this week.

Mystery surrounds the identity of a major buyer who acquired a parcel of 82 million shares yesterday.

The special sale was completed in afternoon trading at a price of 30.5.

Only three institutional shareholders held more than 82 million shares before the market opened yesterday.

That means the seller is likely to have been one of either JP Morgan, Merrill Lynch or US fund manager, Mason Hill Asset Management.

Ballarat Goldfields entered commercial production in December last year after the company secured sole ownership of mining leases for most of the Ballarat region in 2004.

The focus of its operations is an underground development in Ballarat East which is projected to have a mining life of 21 years with average annual production of about 200,000 ounces.

The company reported last month that development of the underground mine was being affected by poor ground conditions in weak fault areas.

However, the company said that it was still on track to reach optimal production targets by the middle of 2008.

Ballarat Goldfields was the most traded stock on the ASX yesterday and closed up 1c at 32c.

Explosive,
Topped up with some more BGF @12.9p, hope my timing is better than last time i bought in.[they dropped 4p a share then!!]
Fingers crossed for a t/over bid to help the SP[though i believe they will tick on their own merits in time anyway]
Alex

Sure will be ticking up Alex, by the end of this year production should be around the 100,000 ozs p/a. Lets discount gold at $500 an oz. Thats a $50mil turnover. The sp can only in the long term rise as risk is relatively low due to plenty of cash on hand. Even if were not at the 100,000 mark for year end I still don't see a problem as BGF is cash rich. BGF for me is a long play but for now I'm holding tight on increasing my investment as looking to get into FML also. Have a look, tell me what you think?

explosive,

had a look at the web site and looks like now is the time to get in. Some of the major players already in kazakhstan and making big profits so dont see why this one shouldnt be any diffferent. i haven't any spare cash as i sunk it into BGF y/day and as per usual it went down!! one for the watch folder

Alex

http://www.frontiermining.com/index.html

How low can it go? There must surely be some upside to this now, and how come sp rose on sale of 2.5million?

Depends on the price given on the 2.5m sale which justifies a price rise.... Price could fall further to 8p I think, hold tight and wait. I need to see news on production, fall is due to global gold prices falling which have been multiplied within stocks, some oversold. At 9p this becomes a buy for me once again.

Explosive,
I know this is not the SER thread but it seems to quite a quiet thread for us to talk...
I had 40% of my portfolio tied up in SER [went OTT on last top up looking for a quick profit and then the shares plummeted so I had no trading pennies at all and an overdraft because of my over zealousness[if there is such a word]
I sold some for the overdraft but got a poor deal from hoods[0.5 when elsewhere was 0.7p, my fault I asked for 'at best'. didn't do that the next time set a min of .95 and they gave me 1.0p maybe they felt guilty!]
The market then went wild so I sold some more out at 1.0p. I now have half my original holding. I bought some more CHP as I have been wanting to but not had the cash[catch 22 i think]
I have a little left over so will have a look on mon/tues to see if I can buy some more SER [ I will buy some more, just at what price. They will go up I'm sure but I am now not over drawn from spending money I shouldn't have.]
It was a tough call as to whether to buy CHP or more BGF but i think CHP has stablised a bit more at this time. what do you think?
Alex

Sorry to be dim, but why would you want to put your money in this company? It sure doesn't look very exciting to me, and by the looks of it has very low liquidity. Also, though it is not immedaitely visible, I would guess that its cap is also tiny.

If you want mining shares, then perhaps look at (in no order at all) ENK or KAZ or ANTO or POG for a safer bet and potentially better return, or at lest that is my view ..... By the way, I currently hold none of them!

Alex, think you made the right decision with CHP, I also hold and lots going on at the moment. A good pick I think from Sharesure. As for your sale in Sefton, again you have done very well, the sp has fallen so I wish you all the best your timing getting back in. Fingers crossed you've settled some debts and get a bargain with SER!!

Cynic, low liquidity, are you mad?? 136.6m market cap which I think is a good justification for this company. 1,188,150,000 sharers in issue equals an 11.49p sp. With a discounted 10% increase in gold global demand p/a I think organic growth alone should generate a good return.... Should the economy warm slightly even better and I personally think it will.... Also current sp is around 11.49p in high risk time for BGF, as soon as producing 100,000 ozs a year risk falls and so should see an increase in sp..... Yeah a risk but I think will out perform the likes of ENK etc. above. KEN also a good stock but not one I hold.

What a shit day for BGF, -10% but then and again as per my post on the 20th a fall in sp I thought would happen. I don't think this is quite over yet either and am looking to top up at 9p or below....

Might be a little quiet in the coming days, my Selftrade broker account has been updated and moved to another platform and its going to take me a while to figure it all out.... Can't even get simple data without lots of clicking like % increase today and bid price..... :-(

Explosive,
happy computing, hope you back on line soon
Alex

ASX and Media release: 5th July 2006


Top 20 Ordinary Shareholders


Ballarat Goldfields NL (BGF) advises that following the notice by Mason Hill
Asset Management dated 14 June 2006, ceasing to be a substantial shareholder,
the top 20 registered holders of ordinary fully paid shares as at 30 June 2006
are as follows:

Rank Name Units Held at % of Issued
end of period Capital
1 NATIONAL NOMINEES LIMITED 180,263,853 15.17
2 WESTPAC CUSTODIAN NOMINEES LIMITED 133,914,284 11.27
3 J P MORGAN NOMINEES AUSTRALIA LIMITED 107,249,482 9.03
4 ANZ NOMINEES LIMITED 68,382,595 5.76
5 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 57,687,975 4.86
6 CS THIRD NOMINEES PTY LTD 53,063,263 4.47
7 HSBC CUSTODY NOMINEES (AUSTRALIA)LTD 40,910,597 3.44
8 INTERNATIONAL COMMODITY FINANCE LIMITED 32,438,266 2.73
9 CITICORP NOMINEES PTY LIMITED 25,697,282 2.16
10 NORTHCLIFFE HOLDINGS PTY LTD 24,600,000 2.07
11 COMPUTERSHARE CLEARING PTY LTD 22,163,942 1.87
12 RBC SECURITIES NOMINEES PTY LIMITED 20,354,612 1.71
13 FORTIS CLEARING NOMINEES P/L 13,602,084 1.14
14 ALCHEMY SECURITIES PTY LTD 10,000,000 0.84
15 MR COLIN SMITH + MRS ADRIENNE SMITH 9,990,000 0.84
16 MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LTD 6,467,066 0.54
17 MECHANISED MINING SERVICES PTY LTD 5,490,000 0.46
18 MR JOHN S HEWSON + MRS ROSEMARY HEWSON 5,400,000 0.45
19 RFC GROWTH FUND LIMITED 5,150,000 0.43
20 LOFIVA PTY LTD 5,045,490 0.42
Total Top Holders Balance 827,870,791 69.66

LONDON (AFX) - Ballarat Goldfields NL has increased its total mineral resources of gold at Ballarat East by 0.3 mln ounces to 1.4 mln oz, including an indicated resource of 0.24 mln oz.

This rise is due to the company finding higher gold grades at depth, the discovery of a significant new fault and upgrading of 240,000 oz into the 'indicated resource' category.

Ballarat managing director Richard Laufmann said: 'The inclusion of Indicated Mineral Resources from the drilling program at Ballarat East is a significant result, highlighting the ability to develop gold reserves at Ballarat East based on drill hole data.' newsdesk@afxnews.com tc

Explosive,
am bailing on BGF for a 40% loss as want to invest elsewhere and need some funds. i will keep on my watch list to see if anything will make me want to return to it in the future.
Alex