By: chris_1993_h
17/01/2010
8:37 pm Yahoo! Profile:
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| It's still downtrending professor. Didn't your masters in TA tell you that???? It's no where near going on my watchlist. Good luck with your purchase of that stock. ROFL |
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By: professor.inglis
17/01/2010
9:06 am Yahoo! Profile:
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RE "By: chris_1991_h
3/12/2009
8:45 pm
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chris_1991_h
Re:FML-High Grade drilling results Reply to this message
A little TA lesson for you professor. CTO has just formed a higher low. That signals that it's very likely to start trending upward. Admitedly the downtrend while gold is headed up is a bit of a worry, but to suggest at this stage it's going back to 12c is ludicrus."
When is CTO going to go up lots please? Thx Chris!! |
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By: sushi_shogun
16/01/2010
11:37 am Yahoo! Profile:
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They all took a break for Christmas. We got a couple of good numbers in yesterday, from two or three holes. Well get those out in the quarterly, but I can say they were very pleasing.
http://www.minesite.com/nc/minews/singlenews/artic le/focus-minerals-is-on-the-verge-of-pouring-its-f irst-gold-at-the-three-mile-hill-plant-in-coolgard ie/41.html |
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By: sushi_shogun
16/01/2010
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No-one in mining ever expects everything to happen as planned, and Baird acknowledged that in his chat from Coolgardie, as fine-tuning continued at Three Mile Hill. It has gone well, but if you look at today weve shut down three times to fix a pump, fix a crusher, and fix this and fix that, he said. Its because of the normal teething issues with any piece of equipment that we kept the Greenfields arrangement in place, knowing that we have 35 days when we can do 10,000 to 12,000 ounces just as a back-up, but after that were dropping it off.
That comment about back-up gold production caused Minesites Man in Oz to wonder whether Focus management wasnt planning to do what all good management teams should do and indulge in a dash of under-promising and over-delivering. After all, the maiden profit of A$15.9 million last financial year was an upside surprise, as was the 10,000 ounces of gold left in stockpiled ore at the June 30 balance date. Then came confirmation from Baird this week that not only has work on the Three Mile Hill plant been completed in the time promised, with the plant turned on on Christmas Eve, but the cost was spot on budget.
For investors the obvious questions are: what does this good news, which is being carefully squirreled away, do for future production numbers? And, whats happening on the all-important exploration hunt, as Focus seeks to stitch together a coherent picture of one of Australias great, but hitherto under-exploited, goldfields? All that Baird will give away on production is that with the Greenfields toll treating contract in place for a little longer, and with Three Mile Hill kicking in, the March quarter result should be an absolute cracker a measurement you are unlikely to find in an accountants handbook, or in the JORC code for mine reporting.
On exploration, Baird is equally inscrutable. Its going well, was the reply to a floating request for news from the field. In December we had four rigs going hard, he said. They al ... |
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By: sushi_shogun
16/01/2010
11:36 am Yahoo! Profile:
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said a very chirpy Focus chief executive, Campbell Baird, when Minesite tracked him down to the Three Mile Hill plant. Weve done a couple of practice pours, but the real one will be early next week, a modest scoop that Minesites Man in Oz is only too delighted to deliver. But what happens after the formal statement announcing the pour next week, and the obligatory picture of a man holding the first gold bar will be the interesting bit. Saying youre going to do something, and actually delivering, are quite different, and it wouldnt be a surprise to see investors taking a fresh look at this company, after it has shown itself capable of quietly getting on with building a profitable gold mining business.
Baird said that the early practice pours had gone well. There was bit more iron in the bar than was needed, but as soon as we walked out the door work started on the strip [extracting gold from the process circuit] for the real pour which will be in a day or two, and then an official pour next week. And at that point Focus will be able to officially say it is operating its own plant, and is on track to hit this years production target of 80,000 ounces of gold, rising to 100,000 ounces in 2011.
Its at this point, too that the money side of the Focus equation gets rather interesting. Because, for about the next five weeks, as the Three Mile Hill plant is worked up to nameplate capacity, toll treatment of the ore from the mines being worked by Focus will continue at the nearby Greenfields plant. In other words, not only should there be a seamless transition of gold production, there might even be a small output bonus in the March quarter, if operations proceed smoothly. |
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By: sushi_shogun
16/01/2010
11:35 am Yahoo! Profile:
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Interesting article about FML:
January 13, 2010
Focus Minerals Is On The Verge Of Pouring Its First Gold At The Three Mile Hill Plant In Coolgardie
By Our Man in Oz
First gold pours are always a cause for celebration, and in that context it looks like shareholders in Australias Focus Minerals will have cause to crack open the bubbly in a few days time. But, rather than buy a single bottle those same shareholders might be wise to buy a six-pack, because the imminent first pour at the companys freshly-refurbished Three Mile Hill plant at Coolgardie in Western Australia looks like being just the start of a bumper year for Focus. Exploration news and strong production numbers will surely attract plenty more attention during 2010, and beyond.
Astute investors have already reacted to the rapidly improving outlook for Focus the increased interest has doubled the companys share price over the past four months. It was A3.8 cents when we last took a close look at the company on September 16th. By January 7th the shares had hit a 12 month high of A7.7 cents. Those seemingly low numbers reflect the enormous number of shares on issue - 2.85 billion at the last count. A better way of looking at Focus is to consider that its overall market value has risen from A$50 million in late 2008, to A$205 million today, a four-fold rise in 14 months.
Whats driving Focus is the realisation that a bold business plan aimed at consolidating the Coolgardie goldfield into a single company is starting to deliver, as promised. Tenement acquisition started in 2003 and continued for five years. Production started last year, initially through rented time on a third-party mill, a step which has not only proved profitable but has also been crucial in developing a mining culture in the company, to go alongside the established exploration culture. The next big step is being taken now, with the first gold pour in the companys own plant.
It will be a pretty big day for us, said a very chi ... |
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By: reynard2008@y7mail.com
6/01/2010
4:33 pm Yahoo! Profile:
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| then you must thing ORO is sensational |
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By: sushiboy_00000
6/01/2010
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I repeat,
What a great start to 2010 for this gold producer! |
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By: reynard2008@y7mail.com
6/01/2010
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| if the market keeps going up then we have a serious inflation problem - a direct result of the "quantitive easing" (money printing) and governments spending the savings and more. These are not good signs. |
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By: reynard2008@y7mail.com
6/01/2010
4:29 pm Yahoo! Profile:
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| take a closer look at the market - there are heaps up double figures today |
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By: sushiboy_00000
6/01/2010
4:26 pm |
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By: professor.inglis
6/01/2010
4:17 pm Yahoo! Profile:
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| 7.3 cents sorry |
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By: professor.inglis
6/01/2010
3:54 pm Yahoo! Profile:
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| 72 cents !! |
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By: sushiboy_00000
6/01/2010
12:35 pm Yahoo! Profile:
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| What a start to 2010 for this gold producer! |
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By: professor.inglis
27/12/2009
1:14 pm Yahoo! Profile:
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Thanks Chris, no worries, will still work in expected value models. IE Larger number times much smaller probability.
You must work for an investment house? I see that HEM has tonnes of the stuff too or is that IO, but not as much as the Perth Mint.
Did you see the "free" gold for sale there? |
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By: chris_1993_h
27/12/2009
12:16 pm Yahoo! Profile:
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| sorry prof i made a couple of typo's last night, i meant to say 100 trillion tonnes of gold and $35,000 PER SHARE |
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By: professor.inglis
27/12/2009
8:25 am Yahoo! Profile:
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Thanks Chris, I will put those numbers along with probabilities into the massive expected value model and see if it makes any difference.
Do you work for Macquarie mate? I noticed they use gold reserves and share price to impute the "price" of gold, then recommend the good miners which are selling at a discount.
Just did a seach for their article..will reference it if you wish?
How is HEM? Do they have any gold, uranium, or?? Thx |
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By: chris_1993_h
26/12/2009
7:38 pm Yahoo! Profile:
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| hey proffy, my "best" guess is that FML will have 100 million tonnes of gold and their share price will be $3500 per share. Might be a good time to load up? What do you think? |
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By: professor.inglis
26/12/2009
6:21 pm Yahoo! Profile:
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What is your best guess as to how much gold FML has and can add to their resource base please? Thx
If more than one large increase, when do you expect those sort of annoucements please? |
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By: professor.inglis
23/12/2009
7:20 pm Yahoo! Profile:
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FML is doing well. Profits help. More gold will help more. But one surprise is reportedly India's rise in massive gold purchases, climate change power and regional war games.
Have a read of the 1970's book, The Merchants of Grain (and think of Merchants of Gold).
There are more surpises coming. What did the price of gold do before? Jump by what % in ... |
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By: pal.pete
23/12/2009
6:55 pm |
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By: new_me@y7mail.com
23/12/2009
6:51 pm Yahoo! Profile:
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"multiple people dislike you"
Do you mean the troll with his multiple puppets/dummies?
I hope so because I more than "dislike" them. I loath the slimebags.
No "people skills" this dummy says. Where are the "people?"
about one in 10 real people are here. The rest are trolls, dummies, crawlers and idiots. The real people don't stay long when they do come here. Firefly seems to have gone. So has Guy. Anthony can take just so much of you and the list goes on. |
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By: pal.pete
23/12/2009
6:47 pm |
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By: new_me@y7mail.com
23/12/2009
6:41 pm Yahoo! Profile:
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"Thanks once again for trying to destroy a decent thread about a stock with your immature rubbish Bluce."
That no way for your good self to talk when I was being positive about your observance. |
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By: new_me@y7mail.com
23/12/2009
6:39 pm Yahoo! Profile:
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Of course they are. It is just one big coincidence that they all just happen to join this and all be one day old newbies when they put their cr@p on me.
Why didn't I realise that before? |
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