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Triple Plate scoops £2m 27/09/2011 Robert Tyerman http://www.growthcompany.co.uk/news/1657688/triple-plate-scoops-2m.thtml Papua New Guinea (PNG)-focused gold play Triple Plate Junction has raised £2 million at 4.5p to maintain its participation in key projects. The AIM-quoted company, steered by chief executive Fraser McGee, a former RAB Special Situations investment fund luminary, has secured the money through broker Daniel Stewart at a 9 per cent premium to yesterday's closing price, as it awaits drilling results in about a month's time from its Morobe joint venture with US gold major and shareholder Newmont. At present, New York-quoted Newmont has 26 per cent of Triple Plate and 51 per cent to Morobe, which is next door to Harmony Gold's £1.9 billion Wafi project, holding an estimated 40 million oz of gold and 15 million tonnes of copper. After drilling at Morobe's Hides Creek zone next month, Newmont's Morobe stake could rise to 70 per cent as the next phase of the project unfolds. Triple Plate, which under McGee and ex-investment banking chairman Tony Shearer has lifted itself out of fruitless Zambian projects initiated by previous management, also has a joint venture with Australian miner Newcrest at another promising PNG project, Manus Island. Triple Plate's stake there will fall from 75.9 per cent to 15.2 per cent when Newcrest starts drilling later this year. Drilling has also begun at Crater Mountain, also in PNG, holding an estimated 500,000 oz of gold, where Triple Plate, named after the geological structure near its projects, has nearly 19 per cent. Elsewhere, the company is also reviewing progress at Pu Sam Cap in Vietnam, where it holds 70 per cent. Once trading near 20p before the Zambian debacle, Triple Plate's shares collapsed at one point to 0.28p before rallying. Highlighted by Growth Company Investor last November at 5.9p, they now trade at 4.48p, valuing the company at £13.3 million, but could start to make progress again provided recent gold price falls do not dampen the market unduly.

Before they clear. Lots of buys around the 10k mark but no 10k sells.

Well done very interesting

Hope you are wrong 3% everyday for ten will do me. Don,t really want to see large spikes followed by large downturns.

Great to see the site up and running i feel much better now as sometimes de rampers can get to you. This is going to be a very exciting time with gold on the up and the middle east going crazy.Saudi arabian neighbours the Yemon have kicked off and Saudis are planning protest. This will not be good for the stability of the world if the saudi youth kick off. Oil will go crazy as will inflation then where do people put their money. Only one place Gold. Good look to all who have ORE

They want our shares 0.97 - 0.98 tree shake going on. Resistance is @ 1.012 we should break this later in the afternoon ready for Monday imo GLA

Would you reveal sample data before the take over ? Wait until Monday i feel this could be a better time.

Orogen gold was a private company with very experienced management ex Rio tinto. Men who between have found some of the BIGGEST gold deposits in the world. ADYOR Great news today as expected gla.

Below is why i have faith in these guys. December 13, 2010 Orogen Initiates Work Programs to Advance Deli Jovan Gold Project in Serbia December 13, 2010: Vancouver, British Columbia (TSX Venture: REO) -- Reservoir Capital Corp. ("Reservoir" or the "Company") is pleased to report that Orogen Gold Limited ("Orogen") has initiated exploration on the Company's Deli Jovan Gold Project in eastern Serbia. Orogen's programme is aimed at demonstrating down-dip and lateral extensions to the historic high grade mesothermal lode gold mines at Rusman and Gindusa, as well as the discovery of new gold zones along the 10 kilometre strike extent of the Deli Jovan trend. A services contract agreement has been signed with Orogen, whereby the Company will provide geological and administrative services to the joint venture. In addition a contractor has been engaged to prepare and submit a plan to the Serbian Mining Ministry to re-open underground access in the two former gold mines and to facilitate detailed underground structural mapping and close-spaced channel sampling. The re-opening is planned for February 2011. SRK Consulting has been engaged to provide advice on the re-opening of the old mines and input on the economic parameters for development of a future gold mine at Deli Jovan. Trial trenching will be carried out across the Rusman gold lode to obtain information on the structure and grade of the gold system at surface. It is planned to extend the surface bedrock sampling programme subject to the satisfactory outcome of the initial programme. In order to test the potential for additional gold mineralization along the strike extent of the Deli Jovan gold trend, detailed soil geochemical sampling is planned to commence this month in the area between the Rusman and Gindusa mines. They have had plenty of time to spill the beans but no they decide to buy in 100%. The Express gives it a mention as do others DYOR GLA roll on the weekend.

Well said Joe are you on the bod because that is what IMO they will do .Jolly good report to keep the interest going. Anything less would be terrible. We are moving in a very positive way new bod new name and so on. Expect very good news and i hope not to many bubbles along the way. GLA

Medavinci Plc's medium-term situation remains bearish. However, looking at the short-term chart it would be fair to dismiss the possibility that the downtrend will continue for long. An upswing is thus expected, with first resistance at 1.033. Support is at the 0.8583 level. Further bullish cues would suggest a new target price in the 1.208 region. Risk Analysis Here is an investment for risk-loving investors, who will choose to venture large sums despite the security's high daily volatility of 15.48. With daily volume equalling 20,553,548, above the moving average of 8,132,163, Medavinci Plc is clearly attracting interest in the market. GLA

Are time has come nice one the Express. Where is Jack the bear LOL. Great news on the horizon this will fly imo.Resistance 1 is @ 1.033 Resistance 2 @ 1.208. GLA

Bit confused about these 2 trades one at 1544 has just shown up after markets closed and the other at 1548 which showed up at the normal time. Google finance shows us back down to 0.78 ? anyone ?

This is the bottom price dilution started at 0.95 and the mm has took it into account 20% - 25% were the estimates. gla

Update

Latest

Just shown up @.80

You have some interesting points and i do agree with some but this is AIM and all the companies listed are a gamble. MVC have not been great in the past but i do believe they have stumbled upon a great opportunity to make money .Orogen have some great experienced people who know there stuff they just needed the funding by someone who knows the markets and how to raise it . Now lets see if the ex rio tinto man can raise that gold. IMO one thing is for sure the bod know whats down are 2 mines 100000 oz plus and located other sites for drilling. Which in my opinion will lead to very significant finds. None the bod are off loading any shares. Only time will tell but like you said jack you like to be in early well this is as there are only 6 trading days till 7 march then who knows where. 25% has already been accounted for as we were .95 GLA

Calculation was done @ £1400 as KWB1 REPORTED THE PRICE

This is our new name get use to it.Below is a extract from RNS 16/02/11 Orogen Gold, whose management is experienced and capable in gold exploration and evaluation, is now initiating a systematic exploration programme, building on work performed by Reservoir since 2005 on the project. Orogen Gold has stated that their exploration "threshold" objective for Deli Jovan is to demonstrate the potential for a minimum 500,000 ounce gold resource, with scope for substantial additional resources. Initially, Orogen Gold will target an Inferred Resource of 100,000 ounces of gold. Their aim is to develop Mineral Resources that would support two to three years of production at an annualised production of 30,000 to 40,000 ounces of gold. This is to be achieved through safely re-opening and detailed mapping and sampling of the old mine workings and diamond drilling to delineate resources. There is a high probability that other gold occurrences are present under soil cover elsewhere on the property, which may be located by a combination of geological mapping, soil geochemistry and ground geophysics and would merit investigation by drilling. As the soil cover in much of the large prospective area appears to be less than a couple of metres thick, soil geochemical sampling could well locate new prospects for investigation. There is also scope for geophysical investigation, especially Induced Polarization (IP) surveys on selected areas where disseminated pyrite similar to that occurring in the known gold veins is anticipated, especially in the vicinity of the old mines and mineral occurrences. Lacking the capability of diamond drilling the work of previous times had to rely on finding gold in outcrop or under shallow cover. New discoveries to be made following improved, modern methods may be as good as or better than known prospects. Known prospects 20 tons. This being pre 1938 and who knows how much the romans had LOL. Modern technol should uncover much greater finds imo. So $1600 per oz x 600000 = 8.4000000 just for starters imo GLA