Member Info for Heno614

When the annual report for 2007 came out in June 2008, it stated that Serabi had $18M cash and was ramping up production for 2008 to circa 100K oz p/a at $400 oz cost giving a profit of $35M ($750 oz gold). Now they are announcing they need funding / share split / takeover / JVs ........ the crash in October has not caused their problems, so what on earth has gone on in the last six months to cause this massive change in circumstances ?

CMR may only have 3 weeks to repay the loan ..... but they also have 3 weeks to negotiate an extension / strike another deal !

UP she goes !

It's probably just the MMs trying to hack off the person that sold 300,000 at 3.30p this morning !

I just love the unbridled optimism shown on this website !

Information on which I bought this share : Currently producing 15K oz per annum at a cost of $130 oz giving an annual profit of arounfd $10M. Do you have any other info ? i.e. production increases.

Google Finance showing mid point SP at 1.5 up 9%, don't know where LSE get their prices from !

I suppose a 2m sell would move the shares down, but I still think its a good share to be into in the medium term and its still above 2.13 of two weeks ago.

Its quite strange what seems to happen to all of these penny mining stocks. They can go up 30%ish on the basis of a snippet of good news, then sit at that level for a week or so, then for no reason drop back to the original level. I still think if you select a basket of cheap gold producing shares, you only need a couple to come good and you're in the money, if you're prepared to wait !

Put a 2K buy in @ 10 two weeks ago ... never got filled and won't now ...good luck to all who all have this share.

15k oz per annum at a profit of +/- $600 per oz = $9M, which should see their debts paid off by around 2013 !

Excellent .... my hunch seems to be bearing fruit !

If Archipelago can persuade a 'shrewd' asset mangement fund to buy shares at 12p when they currently available at 2.5p, there must be a decent upside to this share envisaged over the medium term. Gold production to begin around the middle of 2009 to coincide with expected take-off of gold prices. 2.5p sounds like a bargain to me for a medium - long term punt.

Thursday, December 04, 2008 Persian Gold, the Irish based Iranian explorer, has raised around £450,000 before expenses in a share placing as part of efforts to reinforce its working capital requirements. Persian is currently midway through a trenching programme at the North Hill of the Dalli copper-gold project located 200km southwest of Tehran. Dalli is a gold/copper porphyry with extensive surface mineralisation and two distinct centres of pervasive alteration located 1.7km apart. It is a joint venture between Persian Gold (70%) and Dorsa (30%), a local Iranian company. The company said recent results were positive and outlined a zone of surface gold mineralisation which is present in the North Hill litho cap. It said trenching had confirmed that the gold mineralisation correlates with strongly silicified quartz diorite intrusive rocks. John Teeling, chairman of Persian Gold, commented: “Economic circumstances will change as will politics, but geology will not. Iran remains one of the best underexplored gold exploration targets available. The money will be spent on our existing projects and in progressing a number of new opportunities.”

how much more is this going to go down today?

http://proactiveinvestors.co.uk/companies/news/3395/rambler-continuing-to-find-high-grade-gold-copper-and-zinc-deposits-at-ming-mine-3395.html

Nothing since the AGM on 23rd October, which itself wasn't too encouraging other than they are losing less than the equivalent period last year !

Can't find anything about PNG since the presentation below (which is very encouraging) since 29th October. Anyone got any updates ? http://www.persiangoldplc.com/investor/files/f72PNG%20Presentation%20October%202008.pdf

Most of the news regarding ENK lately has been about the joint venture in Albania. The company also has extremely productive mines in Turkey and The Philippines producing bundles of Nickel. Ok, the Nickel price has dropped 50% in the last 3 months but the SP has dropped over 500%. Surely its only a matter of time until this stock picks up.