Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Yes...30pis a support.
No...in the last RNS it was stated by Giles Clark that Rupert was supporting the new company through his shareholding. In October we had a RNS stating that Taracka were holding 3%. ...all whilst the share has been suspended! It's great and exciting having these big hitters like Clark, Sparrow and Ore as shareholders.....exciting times ahead. SIr David Ore donated �1 Million to the Conservative Party....extremely wealthy individual....
One of the richest man in the country Sir David Ore has just purchased almost 10% of SMA.....interesting with the shares been suspended for such a long time. Exciting times ahead.....
Metminco moves on Miraflores finance THE early-morning mist swirls over Quinchia, a quiet mountain town in Risaralda, Colombia, near where Australia�s Metminco (AU:MNC) aims to build a gold mine at its Miraflores deposit. From Metminco�s camp above the town you can make out the city of Manizales perched on the mountain ridge across the Cauca valley to the east, while to the north is the sheer white mass of the long-dead volcanic heart of Batero mountain rising out of the greenery. By Paul Harris at Quinchia Exploration drilling at Miraflores in Colombia TOPICS (select for more information): GoldMetminco Miraflores William HoweColombia Miraflores was one of the early highlights of Colombia�s Mid-Cauca porphyry belt exploration, a project that ignited investor�s imagination in 2010 when former operator Seafield Resources achieved the record for most shares traded on the TSXV in a single day after releasing a drill intercept of 449m grading 1.29g/t Au, including a 23.95m segment grading 9.18g/t Au. Seafield traded some 70 million shares that day. Having slipped from prominence during the exploration market downturn, Miraflores is re-emerging with a new feasibility study and, possibly, a fast track to production. The company is eyeing annual output of 45,000 ounces of gold and 22,600oz of silver over about 9.5 years from a 1,300 tonnes per day plant for a capital cost of US$71.8 million, excluding a contingency of 7.67% (or $6.1 million) based upon an EPCM approach whereby Miraflores assumes general risk. The FS gives estimated LOM cash operating costs of $599 an ounce and LOM all-in sustaining costs US$643/oz using a $1,300/oz gold price that would position Miraflores in the first cost quartile of gold operations globally. An additional $18.5 million in sustaining capital is required over the life-of-mine (LOM). The project yields an after-tax net present value of $72.3 million at an 8% discount rate (as per JORC requirements, compared to the 5% discount rate that Canadian juniors typically use) and an internal rate of return of 25%. Together with the FS, Metminco declared a maiden JORC and NI 43-101 compliant proven and probable ore reserve estimate of 2.98 million tonnes grading 4.35g/t Au and 3.08g/t Ag for 417,000oz Au and 295,000oz Ag using a $1,200/oz gold price and a 1.53g/t Au cut-off grade. The resources are based on 25,884m of drilling in 73 diamond drill holes and 236m of underground channel samples. Over LOM, the Miraflores plant would process 4.33Mt of ore grading an average of 3.29g/t Au and 2.56 g/t Ag for total production of 421,241 oz Au and 210,815 oz Ag. �We are delighted with the positive FS outcome which is further vindication of the company�s decision to pursue an underground-only development option at Miraflores as a means of reducing capital costs and shrinking the mine footprint. The study delivers robust returns and with this now in hand, we can focus on arranging the r
AGL had over £5million in the back at the last interim..
The Guinean govenment owned 25% of the licence not 25% of SMA. I did hold 5% but the dilution means that I own less approx 2%. Still holding all my stock😃
My Observations...... Marcus word “Impasse” used in the RNS yesterday. A situation that is so difficult that no progress can be made; a deadlock or a stalemate A position or situation from which there is no escape; deadlock. Solutions: Legal Question: After going legal, how can the trust in the relationship regained! Question? With Bahar having debts of £40million, presumably paying interest on the cost of building the mine, why go for lower grades and increase your costs? The first 6 months they good grades generated a return of US$32.73 million - Second Half US$11.61 million - estimate Only, Surely as a miner with a debt, you go for good grades try and pay it off as quickly as possible? Why has Marcus given us an estimate? February 27th 2017 Estimated production for the financial year ended 31 December 2016 is 35.8 koz gold and 41.6 koz silver, generating total revenues for the mine in excess of US$45m Previous RNS 11th August 2016 Exact Figures Project sales in H1-2016 of gold and silver generated total revenues of US$32.73 million. Aggregate project revenues (5(th) November 2015 to 30(th) June 2016) stand at US$33.39 million; Could it be that the relationship with Bahar is so poor that they are not even sharing figures? If Bahar are not happy to part with 20% of the revenues, what chance do we have of getting the 45%! I HELD 3.45million shares in Stratex
On website now....exciting new presentation from our new CEO!
Best to filter and ignore him...Not worth wasting time and energy. He gets a trill from posting so don't feed him.
Best to ignore Sarkozy - Don't feed him. He has an agenda with SMA!
2.5 Millions share bought today @ 0.88 by one person....Someone is confident! Not one of my top ups HaHa...I have enough :-)
RNS?....In talks about its properties in Guinea....nothing said about selling them.
Hi Mate, no lost touch with DP, but more excited about the new manager and their past records. Are you still a big supporter of sma?
Oh, and one of my mates that I advise and trade for holds 10million so that 25million in safe hands. I believe the free float to be less than 150million of the approx 888million in issue
Still holding ALL MY SHARES guys! With the current management we should see a good future. The next 2-3 years will be exciting. I held 5% but with the new management raising new capital last December I believe my holding is now around 2%. I am excited about Jeremy Sparrows involvement as he has headed big companies world wide and has raise capital in the region of 26 billion. With no salary and his 4 million options he will not be happy with a few grand.....he is a money man and his 4 million options will be adequately rewarded. For the record is hold over 15 million as the RNS.
They don't need an accountant as Nathan has resigned....suggest SMA finances being controlled by another company, possible a reverse take over as previously suggested....exciting times.
Still holding almost 16 millions of these...
Still holding all my stock...
Yep guys still holding all my stock :-)
Nordgold not a MAJOR...you need to brush up on your knowledge on Gold Miners!!!!!