Member Info for fireheart1

Have a read into ZZL and what they are trying to do, could be intertesting if they acheive it giving their current SP...

This is a good read on the T&C's for the loan, note it says one or two assets that cannot be named, and the loan is due for repay by 2011. Plus the company is going to get $30M of new investment to repay this.. Suspect also they are going to buy up cheap shares in mining stocks... http://www.zeehanzinc.com/news_files/174_ZZL_Notice_of_EGM.pdf

All depends on what they have in mind, which we wont know untill it's purchased... Could be another producer, who has a license to a good area in Aus, Taz etc... A bit of reseach is required on this... Not getting back in until I know the whole story though, as you say allot of cash being loaned etc..

No i didn't read that far down... Good spot though.. We know who holds the majority of shares here Creat, so i would be suspect whats going to happen here... Was this Creat's plan all along ? And what do they intend on purchasing with the $30M Saying that these are getting cheap now, suspect they will get cheaper though...

So then ZZL you want to take a $30M loan to go off and buy assets... EGM in Tazmania if you are interested...

Now thats a turn in the overall game, will have a look into it. Also looking at AIM stocks with interests in the Phillippines, was reading and found this statement: "The Philippines, which wants to attract $10 billion of investments to the mining sector by 2013, sits atop $1 trillion worth of unexplored gold, copper, nickel and zinc reserves." MTL, and TMC are my main research points so far...

As I said I'm watching and waiting.. The EXT % holding is still low for EML, and I would of thought they will try and raise that... OK, Dattles has got more holding, but that is Dattles personal, PRL, and his HK investment company not EML.... Hence if they are to rasie the game (EML i'm talking here) they will need to rasie cash to buy stock..

They have only a small share cap 330M, so a placing / RI are the best options. It's not a bad thing, I was just saying that would rather wait and see what direction they take. I do keep an eye on EML as I do see value long term, or when ever the poker game starts to get going... But until that time I'm happy watching...

They changed their vision to invest in this sector, (hence KAH, EXT holding), from a pure exploration company... £3M in this sence is not enough to do that... More cash will be required..

If anyone is going to the AGM on the 23rd maybe they can ask these questions?

My concern is that they have £3M in the bank to make more purchases but we all know that isnt really enough, so they will need to raise the cash somehow, sell off s**g deposits??, RI, external finance for new issue of shares??? Something will need to happen to let EXT carry on with their vision.. I'm still interested but will wait to see what direction to take..

As it's a slow day doing some research.. Didnt realise "The Philippines, which wants to attract $10 billion of investments to the mining sector by 2013, sits atop $1 trillion worth of unexplored gold, copper, nickel and zinc reserves." Not sure a what price the $1T was calculated at, but still nice..

Yes very slow today on the majority of stocks, as you say silly season. Nice to know though that you can walk away for a few days and nothing changes, which is the point really.. mm's have to have a holiday as well

I am holding enought for now, should see a nice return. Did you see the email responce from yesterday to GASOL about what stage they are at, will be interesting when the results are ready for release. have been watching EML, with interest, somebody needs to make that first move....

As we were working out the life of the gold mine etc yesterday, I sent an email to AGU on this: Reply: "The geological assessment mad by Crew from their original drilling was 750,000 recoverable ounces, of which they have mined about half. There are 2 other sections that are of high potential, apart from the mountain block and the largest, by far, is the lower level which could extend to a great depth. Our approach will be to mine development headings within the ore body with the intention of ‘proving’ additional resource as we go. I expect, therefore that each year we will make a new assessment of the life of mine. 2 other factors that have impacted the investment decision are:- 1. We will achieve payback in less than 1 year 2. By installing a mill inside the mine we will be operating at a much lower unit cost and we will therefore have a much lower cut off grade to earn good profits. We have not yet fully assessed how much extra ore this might release to us, being ore that Crew left in the mine because, for them, it was uneconomic." Which to me sounds good, payback within a year. And the abilty to produce a lower cut of grade and still be in profit...

Looks like 9 x 100K trades one after the other, and assume sells... One way to get rid for above the BID price, hope he / she does not pay per trade...

I see what you mean... Looks like the moutain block section is not the best place if you are scared of heights... If AGU can make this work it should be a good project for them, and if they prove to the Greenland goverment they can do this they might be in line for more licenses, as I would of thought some of the profit will be put aside to take bigger steps in Greenland..

From when I emailed Nick at AGU the other week, it seems that AGU requires a project that can generate them cash, to help bring BA into the production stage. And to find something like that is hard. This mine seems to have 124,000 oz gold left from Crews figures, (124000 * 900) = $111,600,000. At below current markets prices Say AGU are making $300 oz profit, so their cost to produce is $600. 124000 * 300 = $37,200,000 profit. AGU said they exepct to get 32,000 oz pa, giving the mine a life in current resources of just under 4 years. Which is a good return ont he investment... And remember the mine is ready to go as from the end of the year, so a nice quick cash generator...

From reading between the lines looks like Crew are in need of funds.. They paid more for the 17.5% outstanding than AGU paid for the whole project.. "Crew acquired the 17.5% minority interest in NGM from NunaMinerals A/S (Nuna) on November 1, 2007 for a consideration of C$2.5 million ($2.6 million) plus repayment of all loans between NGM and Nuna of approximately C$2.2 million." Plus the mine is on C&M due to "the basis of the uneconomic nature of the resource".. Are you having a laugh.. Gold is stable above $900 oz... It's more to due with them having to ship the ore etc to Canada to process... It's like a baker having a bakery in Birmingham, and the sngle shop to sell the bread in London.. Bad business sence.. At least AGU are planning on doing all the processing on site.... Kitchens, Was planning to but ICX gave me a kick in the roger hollax last week, so we will see how it goes with the Cyrus issue..

A good read on the gold mine from Crew Gold.. http://www.crewdev.com/ops_nalunaq.php