Member Info for fireheart1

Another two delayed trades of 690K each, and on the eve of the EGM... Makes you wonder... Then again they may not be in the position to lose and cannot take the gamble (in which case they should not be trading..My opinion)

Can you give me the l2 for ICX? Thank you in advance.

And a sell of 960K @2.8p , but buys of 3p still happening... Well they didnt want to wait until tomorrow or Monday if the news on this is being seen as good. As I have said before I did expect the SP to fall on the Cyrus issue, but looks like I'm wrong...

this seems to be holding quite well today, noticed two 500K deals pop up as a delayed publish by one hour.. Looked like sells, as I cannot see 500K at 2.88p today being buys.. If this is the case it's holding well.. Loft, thanks for the info..

It's about the cost per oz. Crew were transporting the resource for processing in Canada (who probably did this type of license)... Putting a higher cost per oz, AGU plan is to process within the mine i.e. in Greenland, which has not been done before (as far as I'm aware) thus this process for a license etc. It will be the same with BA when it comes on line, previous the resource was transported away for processing, but AGU plan to build a mill in the mine to process, thus cost reduction long term. Long term a good business model, short term pain to get it all going...

They are saying they are producing the gold by other means the gravity circuit, but for this method the mine will be at a 50% production level, and it will be covering costs only. Once they are allowed to use the Cyanide then production can be ramped up to 100% production and the mine will be a profit genrating situation. The issue is when AGU will be granted this license to use Cyanide. Nobody can say for sure, that why Feb, March 2010 has been quoted. If this is the case it will take a few weeks after this for the mine to be at 100% production, thus my estimate of 52 weeks from now to see the profit on the books...

sorry should have said "So suspect it will not be a straight yes decision for AGU as goverment reports will be required etc" Made it sound like I didnt think they will get the license, which is wrong.

yes agree with Greenland etc, but on the other hand they are careful on what they mine and how they do it. Greenland has a good Uranium resource, but have decided to not to touch it as it 's too close to the population with regards to health and safety. So suspect it will not be a yes decision for AGU as goverment reports will be required etc, read this on Cyanide to see whats involved in the process. http://www.miningreview.com/archive/mra_4_2006/pdf/MRA%204%202006%20-%20GOLD%20-%20CYANIDE%20PROCESS%20PG%2040.pdf

bye.

Yes, I am very impressed with AGU as a whole for responding, although like I mentioned a few days ago the more indepth info you know abut a stock can sometimes put you off it, i.e. this situation with the Cyanide circuit. AGU was quiet about this so without that report who would of know??, and it is a big issue if a license does not appear (not that I'm saying it will not as i'm in no position to say that, but it may take time), and remember the goal of AGU is to be in profit, and until this is sorted the mine is covering costs.... But thats the highs and lows of being in this business, 100% it will not go as planned.. And we should understand that as a shareholder.

I'll save you th time in waiting for the answer, here is my questions from yesterday. First question on gravity and cyanide circuit : We plan to use the gravity circuit whilst we build the cyanide part, so that we will get some revenue as early as possible. The cyanide circuit is dependent upon us getting a specific license and I don’t know how long that will take. We are currently assuming sometime in March but it could be earlier and it could be later. This new territory for the regulators and for us. The recent improvement in the share price and traded volumes should enable us to get the CEDA working again very soon, assuming the improvement in sentiment is maintained. It is still our intention to be mining before the end of the year and such progress will help considerably in our ability to fund the BA. It’s not easy but, so far, we’re doing OK Second question on production levels due to the cyanide circuit: In theory you are right but in practice it will not work quite like that because it will take us some time (maybe a couple of months) to develop headings to get the quantity of high grade ore to make that scenario work. I am afraid that these things never go from a standing start to optimum production levels and there are always teething problems but we have factored this kind of thing into our financial model.

I hope so I did a neg £20K trade on GAS when I first got in... re my point on below on being caught too many times.. But then again I have done neg trade's and came out with a great price..

ASK is 3p, so someone did a neg trade.... Lessons to be learnt on buying biggish chunks like that.. I've been caught too many times..

Thanks.

GAS doing well on RNS for raising funds of 3M and warrants @ 5p.. Remember GAS are in the pipeline business, i.e. the transportation of the oil / gas to the major markets from Africa.

morning, can you give me the l2 for gas and PMK. Thanks.

As yesterday get to ASK 3p, and the sells pop up.. Just need to break that 3p barrier... The same as GAS today.. 3p barrier..

Im getting quoted 2.87p to sell with a mid price of 2.85p... Suspect we will see some delayed trades popping up today.. for decent buys. Not often you get quoted to sell higher than mid...

buy's at 3p now...

Yes, we will see a rise, as before it will get to just over 3p, then the investors that have been holding since the last rise will have the exit point with no loss (or profit) and it will drop a bit. If it can push past that magic 3p mark then all the better