opti909
13 Jun 2015
Re: Mining Reserves I thought so too Biggles. It was just a general comment for all, prompted by your post.Cheers.
biggles21
13 Jun 2015
Re: Mining Reserves Sorry old boy - I thought that was quite positive !
opti909
12 Jun 2015
Re: Mining Reserves Hi Biggles.Rightly or wrongly it's time we had a bit of enthusiasm on the board for old PGD, or the band will shortly be striking up on the foredeck.
The White Rider
11 Jun 2015
AGM Would be interested if any posters on here attended yesterday's AGM and could share any feedback with other shareholders like me who couldn't attend?Thanks
biggles21
11 Jun 2015
Mining Reserves Hi All,I just had a long interesting chat with a Rio Tinto mining engineer last night in a bar. He said that the grade results from core samples leading to PGDs 2 million plus oz resources were fantastic, which we know. I gave him highest, lowest and the average which Id worked out already.I mentioned AoWs concerns re privatization...and all that's been discussed...requires 75% vote, of which half must come from outside the Miguens family. Brokers forecast etc.He also explained to me more about Mining Reserves and what they mean. So ok one core sample may indicate one vein...then ( hopefully) several more below for mucho metres deep in the ground ...therefore dig a mine. Mining Reserves take an average so in rough terms to create an example .....if there was one vein only , core sampling at 100g/tonne for 30 metres, and that vein at 100metres deep, then the mining engineer would average it for what he has to dig through..so the core becomes factored for the 100m of rock have to dig down to get at it. This is a very, very simplistic example.Most exploration companies don't publish mining reserves - or even work them out...but I gather its what the mine builder needs to work on to assess whether a mine is viable. I don't recall mining reserves being published for Brancote at the time of the take-over...or any of the recent take-overs ?? Were there ? However apparently nobody considers sinking a mine without Mining Reserves. ? They were all taken over as public companies at what appeared a fair price.Could they ?would they ? commission a mine design without mining reserves being known ? End of last year, the company stated it had commissioned a firm to design a mine.Three possibilities ......Mine design a complete ruse ? or Mining Reserves known and not published ...for either privatization and sale....or being made public...or made known to potential bidders and sale whilst still a PLC. I really don't think the Miguens family want to take the company private and fund a mine. (I can't recall the depths at which the core samples found, and therefore whether we are talking shaft mine or open pit.).So then its either mining reserves are known and sell the company to a major as a PLC or following privatization....or the mine plan is a complete ruse. If we dismiss the ruse idea ( why bother - its so obvious) . Q for AoW ...I imagine the Stock Exchange and the law would look dimly on a privatization then sale concealing mining reserves ? Secondly could they be concealed...surely too many people would be in the know ? All pure speculation but Id be interested in the thoughts of the worthy commentators on this board.
optomus
05 Jun 2015
Re: Live price ?? Agree with you.Price on Selftrade is 2.75 at 12.57pm today.
Keysi
05 Jun 2015
Live price ?? Is anyone out there seeing a live price, iii, Reuters and PGD's own website are showing the volume and price from Wednesday ?? Hopefully its just me being stupid ? Thanks Keysi
biggles21
02 Jun 2015
Re: Bill has chucked the towel in! Perhaps expected ?Still reckon useful for someone more computer savvy than me to survey and post a list of mining minnows with their declared resources , factored for grades, to see accurately where PGD lies in the list.
Antiques Of Woodstock
01 Jun 2015
Re: Bill has chucked the towel in! GD/news/item/1508118/directorate-change?context=LSE
GD---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- -------Good" target="blank" rel="nofollow">[link] morning BarneyCoolNot surprising under the circumstances.No report on how his negotiations went speaking to the three banks to whom he was speaking with regard to getting additional funding as was reported some time back.I just hope that John's take on the situation is more accurate than mine and our broker's target price of 4.5 pence is way too low.I will not repeat how I believe this will unfold as it will add nothing - other than to say that clearly Bill has an undisputed ability to lead a team to find gold - as to running a PLC and building shareholder value that's a different matter.Good luck...
BarneyCool
01 Jun 2015
Bill has chucked the towel in! GD/news/item/1508118/directorate-change?context=LSEGD" target="blank" rel="nofollow">[link]
biggles21
26 May 2015
Re: Where's Our Gold In Lomada Gone? John,I think the coincidence between the brokers 4.5p and AoWs caution is more than uncanny ...actually spooky ...if I want to be a conspiracy theorist ....coinciding with AoWs comments about privatization and minimum price. HOWEVER I also agree - and its wishful thinking - I don't think the Miguens/board want that route. I also don't think they want to be producers, and they could have done similar privatisations in their past and haven't. SO do I think broker and the company look at AoWs posts - absolutely ! Prob far less mine ! Im a little less tolerant and gentlemanly to those with agendas ! SO with my tactical hat on ....Id look at the well known mining minnows, and less well known , and form a table of them with resources(somebody should !) ...and grades of core results and rank them, and post that. 3g per tonne used to be the cut off ....at $200 per oz. Do what the majors are doing and rank resources with an algorithm relating to grades....so 10 mill oz at 3g per tonnes is properly related to 3 mill ox at 75g per tonne . Be transparent. We can only say what the market ought to value. 75% needed for privatization. Too many of the core holders don't care about three times the current so bribing them? They can afford not to care at 4p or 15p..as they could at 70p ! it might be different now ! For most of us ? PGD was a free ski chalet/gulfstream in Gstaad stock( albeit how could I leave the Palace Hotel ?) ....they don't care at less than that ...well I don't ! How hacked off are we with waiting so long ....hacked off enuff to wait personally ! As a Scot I haven't apologized for a while for my fellow Scots...consider it as read that Im constantly ashamed . How interesting that there is less evidence for braveheart Wallace than Robin Hood , no mention of him at all until an epic poem written 200 years after his supposed death..then until Victorian romanticism ? Pathetic ....! Happy days from the enlightened colonies !
ajinbali777
25 May 2015
Re: Where's Our Gold In Lomada Gone? In the 2007 technical report for Lomada there was some mention of a resource approximately 1 km away from the Lomada site. This is/was Breccia Sophia which showed some good grades on their limited drilling program. Does anyone known/remember whether this BS site has been included in Lomada resource, or it has been mined or is it still sitting there waiting to be probbed?GLA
JohnSalvage
24 May 2015
Re: Where's Our Gold In Lomada Gone? Good evening A of W Thank you for listening to my opinions, once again I have taken a short cut to answer your questions. All answers are IMOSo - you reckon that Lomada is a 'cash cow' and not saleable - we will never mine at Cap Oeste so we need no additional funding - we will be bought out in a couple of years time - plus IF the Concert Party made a bid for the company it would start a bidding war although you don't believe that this is their intention.Answer( "correct "
Whilst nothing would delight me more should you be correct - looking at historical data I would suggest that a 40% uplift on market cap for a successful T/O seems to be the industry 'norm' and a 40% uplift on today's Share Price would take us to 4.2 pence. Answer("You are assuming PGD share price will be 3p in 18/24mths "I would also point out that we need a 2400% rise in the Share Price to get us back to 75 pence a share and as our Company broker is suggesting that the company is worth 4.5 pence a share - clearly your interpretation is vastly different to what the markets and our Company broker believes to be the case.Answer( "need the gold price back above $1800 to reach the dizzy heights of 75p.we started trading at 1.5p reached 23p then fell back to 3.75p before hitting 73p proves such rises are possible. Personally 30p would now be acceptable )Time will tell and of course I hope that you are right - but experience has taught me that a dream such as this rarely turns into reality - not forgetting that when we added from memory approx. 800k to our resource figure a few years back our share price actually fell.Answer( agreed but if PGD can prove up 3 mill ozs it's Game On .· A high definition closely spaced Pole-Dipole geophysical study is currently being planned over the most productive section of the Cap-Oeste-COSE structure with the scope of identifying similar discrete high grade shoots of mineralization.Early season drilling following survey will be key to a t/over IMO "Enjoy the rest of the weekend-
Antiques Of Woodstock
24 May 2015
Re: Where's Our Gold In Lomada Gone? Good evening JohnSo - you reckon that Lomada is a 'cash cow' and not saleable - we will never mine at Cap Oeste so we need no additional funding - we will be bought out in a couple of years time - plus IF the Concert Party made a bid for the company it would start a bidding war although you don't believe that this is their intention.Whilst nothing would delight me more should you be correct - looking at historical data I would suggest that a 40% uplift on market cap for a successful T/O seems to be the industry 'norm' and a 40% uplift on today's Share Price would take us to 4.2 pence. I would also point out that we need a 2400% rise in the Share Price to get us back to 75 pence a share and as our Company broker is suggesting that the company is worth 4.5 pence a share - clearly your interpretation is vastly different to what the markets and our Company broker believes to be the case.Time will tell and of course I hope that you are right - but experience has taught me that a dream such as this rarely turns into reality - not forgetting that when we added from memory approx. 800k to our resource figure a few years back our share price actually fell.I remember conversing at the time with other shareholders and the conclusion being that the markets want profit from production resulting in dividend yield - an upping of resources just did not 'float their boat'.Nothing would make me happier than to be proven wrong - trust me on that. Here's hoping that we will hit a shed load of gold at Cap Oeste and that the markets will be so impressed that our market cap soars and the bidders come out in force further driving up the Share Price to a point that we can't say 'No' to such a huge offer for the company.In truth I think the best that we can hope for is to hit a 'shed load' of gold at Cap Oeste and farm out production to a third party who will free carry us through production for an agreed percentage - but that's the top side of my optimism under current circumstances.Good luck...
JohnSalvage
22 May 2015
Re: Where's Our Gold In Lomada Gone? Good Afternoon A of WReply from Mobile - Your Questions and my answers1. How are we going to bring Cap Oeste to production? ( IMO - We are NOT going to bring Cap Oeste to production )2. Who would be prepared to buy us out in 'a couple of extra years' for a decent return for us shareholders when the company has run out of cash? ( Why do we need cash if we are selling the Company?)3. What is to stop the 'Concert Party' from picking off the company 'for a song' before that time? (Concert party will not make a bid for the Company IMO.Barrick,Gold Corp, and all majors will all be aware of the potential we have NOW discovered on Cap Oeste. IF concert party did make an offer they will create a bidding war)
