Re: Medusa Share Price £1 by year end is possible. Obviously it depends a lot on the price of gold.My rough calculation of possible annual profits:120,000 oz soldAverage sale price USD $1200AISC USD $1000Gives USD profit of $24m.At current FX rates this gives rough EPS as follows:USD .115AUD .165GBP .08
Re: Medusa Share Price Peter the RedI admire your persistance and reliability in posting the Medusa Share Price every weekend. However by just posting the latest price I think you are not showing the true picture of how well Medusa Mining is doing. I use the base point of the start of the year ~ admittedly the nadir of Medusa's fortune.31st Dec 2015.......SP 0.355A$...or....17.45p........0%8th Jan 2016...........SP 0.395A$...or....19.42p........11.3%15th Jan 2016........SP 0.367A$...or....18.04p..........3.4%22nd Jan 2016......SP 0.342A$...or....16.81p..........-3.7%29th Jan 2016........SP 0.38A$...or......18.68p..........7.0%5th Feb 2016..........SP 0.47A$...or.......23.11p........32.4%The SP went up 8% last night so this weekends figures shouid be good. Not many shares are showing a 32% rise in 2016.It will be over £1 a share by the end of the year or 600%Goldminer 70
Re: Medusa Share Price Latest price:- Aus$0.47 (= 23p)
Re: Medusa Share Price Latest price:- Aus$0.38 (= 19p)
13/10/15 Interesting report for ITM SHELL TO ROLL-OUT HYDROGEN PUMPS AT EUROPEAN PETROL STATIONS(ShareCast News) - Petrol stations around Europe will soon begin to offer hydrogen fuel pumps alongside their standard unleaded and diesel options, as a means of encouraging greater adoption of hydrogen powered fuel-cell electric vehicles (FCEVs).Having last month agreed to a small UK pilot programme where hydrogen will be sold from three petrol forecourts in south east England, Shell on Tuesday agreed to install a huge nationwide network of 400 hydrogen fuelling pumps at petrol stations around Germany and is examining the potential to expand this in the USA, UK, France, Belgium, the Netherlands and several other countries in Europe.Shell sees hydrogen vehicle uptake as "a chicken and egg situation", with FCEVs only becoming attractive to customers if there is a refuelling infrastructure in place, while establishing and maintaining investment in fuelling infrastructure is only commercially attractive and sustainable if there are enough FCEV customers.London is a key test-bed for the UK hydrogen economy and also on Tuesday, the city took delivery of a dozen new zero-emission vehicles from Toyota, powered by hydrogen fuel cells made by UK-based ITM Power, while Mayor of London Boris Johnson also timed a visit to the Japanese headquarters of the car manufacturer on the same day.Hydrogen powered vehicles emit no emissions from the exhaust pipe, just water vapour, and have a comparable driving range, speed and refuelling time to normal cars.While hydrogen is an abundant element, not much of it exists in the pure, compressed form that fuel cells require, which means it must be extracted from other compounds such as water or methane.Shell noted that the CO2 footprint of hydrogen produced from electricity - via electrolysis with water - depends on the CO2 intensity of the power source, with electricity to make hydrogen though electrolysis one way of potentially absorbing surplus wind and solar energy at times of low power demand.In Germany, a joint venture, called H2 Mobility Deutschland, between Air Liquide, Daimler, Linde, OMV, Shell and Total is designed to progress the commercialisation of hydrogen.Shell said hydrogen one of a number of options it is actively developing to reduce emissions from transport."H2 Mobility Germany shows what we can achieve through close collaboration between governments and business," said Oliver Bishop, Shell's general manager of hydrogen. "The next step is for consumers to embrace this opportunity and consider buying hydrogen vehicles as they become available."As well as its three in the south east of England, Shell currently operates three hydrogen stations in Germany, including one in Berlin and two in Hamburg, where pumps refuel hydrogen fuel cell electric vehicles (FCEV) in a few minutes.Loadsadough
Bye bye MML. Last view on this share after selling out Wednesday, as the strange silence mentioned in my "Anyone seen a leader?" has been solved with today's RNS. IMHO this heralds the final nail in the coffin for the company. But first, the comparisons for my other goldies and their most recent 12 months;Kirkland Lake Gold - Cash up from C$44m to 93m. All production and cost targets met. Bought St Andrews in all share deal giving another mill and three mines (total 2 and 8 respectively) and raising likely output from 160,000 to 250,000+ oz. No debt except debentures. Recent Can$ weakness means C$1500 + received per ounce rather than 1350 last year.Lake Shore Gold - Met production at reduced cost from estimates at both mines. Cash up from C$30m to 100m after paying off 30m of senior debt. Bought majority control of Temex with all share deal. That has several interests but particularly 3 previously active mines close to Bell Creek, where LSG have their under utilised mill. MML - Production on target half way through year BUT another quarter where cash does not advance, nor debt reduce. Worse, the Review could be why GD retired again as it effectively says the Service shaft has been revised midway and now needs remedial drilling and another two levels depth (at unstated cost) plus a further ten months to complete (27 in all) This is a one under utilised mill still below its 95% efficiency, one mine operation which last year without warning impaired half its capital value and financially a "nett" which hasn't improved its cash position since. I remember the "good old days" with PHB in charge when the delayed mill expansion was all that was needed before 200,000oz.!!! Since then the L8 shaft upgrade, now the Service shaft and they are still drilling exploration tests of the other side of the diatreme to ascertain if the mine has a (rich) future should they sink the L16 shaft. Most ironic comment 4th quarter 2015 report, the L16 shaft "wil be funded by cashflow". Second most ironic Teo;s comment at AGM that new CEO almost decided. Unlike the Canadians, mere shareholders are deprived of cost cutting measures taken and proposed and why "some expert" overturned the Board's level 8 service plan. If they commit to further time/money of revised Service shaft, production above 120,000 oz p.a. seems improbable so even if gold rose to say USD1250 the benefit will be minimal for the foreseeable future because output couldn't respond. Meanwhile, MML remains (another) accident away from delay/bankruptcy.ATB to those more rosetinted than I.PB.
Did I buy some more. Well I have bought a few during the last week or so. Now I have about 50% of my cash in stocks, and 50% sitting waiting. I took the profits, and sold the lot recently when the markets went down .I have changed my only buy S2 by buying a few low share companies and holding them for a longer time. Gold companies, CEY, PAF, SHG, and AAU with a nice profit from PAF, and SHG so far. If gold takes off I might buy a few more, it remains to be seen.A few S2 on the recent lowish shares, ECK, and PCF, both are good companies see how they go they should be aright in time..A few that are low share value that should go up in time ITM, AGM, and SXX. Hydrogen, Graphene, and Plant Feed companies. I bought SXX 16% down yesterday and now its about 12%. You have to do your own checks here.That's my lot, see how they go.So far this year my ISA is about 3% down in value..Loadsadough
MML share transfer back into own name I held MML through III ISA account before it was de-listed from LSE. I didn't sell it and optioned for transfer into my own name. But I still have not heard anything and no certificate sent to me. I called iii and they said it is not their responsibility any more. I wonder what is everyone's experience? Has you received your certificate yet? Any suggestion for what to do next? Your help and suggestion is greatly appreciated.Livemusic
SHG Elizabeth Hill Reserve and Resource UpdateRNSRNS Number : 8229MShanta Gold Limited25 January 201625 January 2016Shanta Gold Limited("Shanta Gold" or the "Company"New Luika Gold Mine, Elizabeth Hill Reserve and Resource UpdateShanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to provide an update from its ongoing resource development programme within and surrounding its flagship asset, the New Luika Gold Mine ("NLGM" or "the Mine" located in the Lupa Goldfield in southwest Tanzania. The Elizabeth Hill Prospect ("Elizabeth Hill" or "the Prospect" is located approximately 3 kilometres east of the Mine's 600,000 tonnes per annum central processing facility. The Prospect is one of the satellite deposits which comprise the focus of Shanta's resource development programme within and surrounding the NLGM licence.Elizabeth Hill Reserve Highlights:· Elizabeth Hill Reserve increased from 70,000 tonnes @ 2.3 g/t for 5,000 oz already included in Base Case Mine Plan (or "the Plan" to 667,000 tonnes @ 1.33 g/t for 28,000 oz;· 17 per cent. increase in the total surface mineable ounces contained in the Base Case Mine Plan (133,000 oz to 156,000 oz); and· Tonnage exceeds the 362,000 tonnes unutilised mill capacity referenced in the first five years of the Plan, and also provides an additional six months' plant feed on a 100 per cent. basis.Elizabeth Hill Resource Highlights:· Improved definition of near surface resources including a northern splay, previously classed as an Inferred Resource;· Indicated Resources1 of 1.06 million tonnes ("Mt" at 1.8 grams per tonne ("g/t" for 61,000 ounces ("oz" which Represents an increase of over 100 per cent. since the September 2014 resource statement2 (61,000 oz up from 29,000 oz);o Comprise over 52 per cent. of the Total Resources (previously 33 per cent.); and· Total Resources have increased 32 per cent. to 116,000 oz (previously 88,000 oz).1 2016 Indicated resources based on a 1g/t cut off and gold price $1,200/oz2 2014 Indicated resources based on a 1g/t cut off and gold price $1,300/ozToby Bradbury, Chief Executive Officer, commented:"Shanta has continued to upgrade and extend the NLGM resource base since the resource and reserves updates provided in July and September, 2015. The results from the Elizabeth Hill Prospect upgrade studies to date demonstrate the uncapped potential value still to be realised from the NLGM licence, through a systematic uplift of our understanding of resources that had not previously been fully explored. These resources offer significant realisable value in that they sit within the existing mining licence with a proven and highly efficient process plant.""This resource and reserve update delivers incremental value to the Base Case Mine Plan, filling the vacant plant capacity and extending mine life. The considerable uplift in Indicated Resources since 2014 also demonstrates the greater optionality NLGM offers during future operation. Additional resources that still sit outside the Mine Plan, including 90,000oz of Inferred Resource at Bauhinia Creek, provide potential to further extend mine life. All resources at NLGM remain open at depth. We anticipate continual updates to resources, adding them into the Mine Plan over the course of 2016."Loadsadough
Oil I am not happy with Oil stocks. We have Electrics, and Hydrogen cars on the way. We have Shale Gas increasing all the time. Where does that leave Oil? To much production, from too many companies. Loadsadough
Re: ITM Goldminer Hello Goldminer its one of those shares that we can invest and forget about it for a long while until it comes good in the end. That me I bought a few the other day, now I wait for a long time. I am still of the opinion that Hydrogen cars will come good one day. I am not interested in MML, more like SHG, CEY, PAF, and AAU, once again long time invest shares. Its just a case of buying and waiting.Most Technology shares are all over the place today. Remember they have nearly all gone up already.That is just my opinion.Loadsadough
Re: ITM Goldminer LoadsThanks for the message.I cannot understand the shares these daysITM is a fantastic prospect. There are some exciting news coming out. I believe there is a great future for hydrogen, They has made some great future (read their website) but their SP is a third of what it was three years ago.MML is likely to make the same proit this year as their capital value. I met Andrew Teo in November and he told me that there are a lot high quality of potential CEO's. They are interviewing Rob Gregory. My dream team is a top experienced CEO in Perth and Rob Gregory as COO on site in the Philippines. Both being given a shed load of share options. Then I can see the share being ten bagger in the next two years Anyone interested in MML please read the ADVFN MML website.Best wishes to you Loads.Goldminer70
ITM Goldminer Hello Goldminer how are you.I have been looking at ITM its quite low but one day it must go up. The hydrogen will make it in the end IMO. Its a stock to keep an eye on.Last week I sold all my stocks when the markets tumbled down. I bought some SHG instead, and I am watching the gold miners PAF, CEY, and AAU to see how they do next.Good luck with your stocks.Loadsadough
Re: Anyone seen a leader? [link]
Re: Medusa Share Price Latest price:- Aus$0.34 (= 17p)