New shareholding info dated 17 july out.
http://www.heritagegold.co.nz/irShareholding.html
1/4 out soon....Hoping August will be a good one. Need those options excerised also.
Printable View
New shareholding info dated 17 july out.
http://www.heritagegold.co.nz/irShareholding.html
1/4 out soon....Hoping August will be a good one. Need those options excerised also.
Cobalt. Can anybody recommend some AU stocks...
Re Waihi....should we be getting some more drill results shortly. ???
Regards Croesus.
Hi Croesus,
Quarterly report should be out today or tomorrow, so hopefully there is some good news based around positive drilling at Waihi North and progress at Talisman. I wonder how the 'wet' weather is affecting progress?
With regards to cobalt producers my understanding is that most (if not all) of the cobalt produced out of Australia is as a 'by product' from copper-nickel mining.
This link should help: http://www.goldsheetlinks.com/cobalt.htm
and Havilah Resources which is close to BHCL may be worth a look at: http://www.havilah-resources.com.au/mutooroo.html
Cheers
BP:)
PS: also note that AGM is on Sept 26
Thanks BAP.
Note drilling results just out.
Company Announcements
Heritage Gold NZ Limited - Announcements
HGD
30/07/2008
MINE
REL: 1448 HRS Heritage Gold NZ Limited
MINE: HGD: Heritage Gold Reports Preliminary Drilling Results at Rahu
29 June 2008
Limited Company Relations
New Zealand Stock Exchange
Level 2, NZX Centre
11 Cable Street
WELLINGTON
PAGES: 4
FOR PUBLIC RELEASE
Heritage Gold Reports Preliminary Drilling Results at Rahu
Heritage Gold has drilled two diamond core holes (for a total of 695.3
metres) on their Rahu tenement that lies north of the Company's Talisman
mine, at Karangahake.
Figure 1: Location Map Showing Heritage's Waihi Tenements
These diamond drill holes were positioned to drill test deeper targets
beneath holes drilled in 2007 that had shown encouraging gold results in high
level hydrothermal breccias.
Figure 2: Rahu Ridge (Foreground) Looking South
To Mt Karangahake (Background)
The first hole, RHDD-10, was located west of Rahu Ridge (shown in Figure 2
above) and designed to test for mineralization in a quartz vein feeder system
that is believed to occur at depth. Although encountering several weakly
anomalous zones, the hole passed through a major fault zone and did not
intersect the volcanic rock that would normally host mineralized quartz
veins.
The second hole, RHDD-11, was sited about 550 metres to the south of the
first, closer to the White Rocks area of Rahu Ridge where Heritage had
previously found anomalous gold values near the surface and indications of
higher gold grade at depth. The hole was designed to test about 70m below the
depth reached by the previous diamond drill hole in the area, RHDD-04.
This hole intersected 66 metres of consistently anomalous gold at an average
grade of 0.49 g/t gold, which is at the higher end of the values encountered
in RHDD-04.
These results indicate increasing grade within favourable host rocks with
depth, which supports Heritage's model for a deeper feeder zone of economic
mineralization.
However, owing to the extensive faulting at the location of the first hole
and failure to intersect potentially economic gold values, coupled with the
lower than expected values in the second hole, the Company has chosen to
temporarily suspend further drilling, pending an evaluation of the structural
geology of the area by an external specialist.
The Company is also critically reviewing and refining its mineralization
model.
TECHNICAL DETAILS
RHDD-10
This first hole was located west of Rahu Ridge and positioned to test the
depth extensions of gold mineralised breccias intersected in holes RHDD-02,
RHDD-03 and RHDD-08 in 2007. Refer to the previous results for these holes
shown in Table 1 below.
It is thought that these breccias will develop into gold mineralised feeder
veins to the breccias at depth.
Hole NZMG
Coords Bearing
(True) Dip Depth
(metre) Downhole Intersections
RHDD-02 2751837m E
6417667m N
115m RL 106 -60 127.55 36 -60m = 24m @ 0.93 g/t Au, 13.9 g/t Ag
incl.
37 - 45m = 8m @ 1.71 g/t Au, 29 g/t Ag;
37 - 39m = 2m @4.15 g/t Au, 33.5 g/t Ag;
52 - 53m = 1m @ 1.53 g/t Au, 2.4 g/t Ag;
and
83 - 85m = 2m @ 0.64 g/t Au
RHDD-03 2751730m E
6417480m N
163.0m RL 110 -45 119.9 32 - 89m = 57m @ 0.39 g/t Au, 3.3 g/t
Ag
incl.
33 -35m = 2m @ 2.05 g/t Au, 5.8 g/t Ag;
33 - 44m = 11m @ 0.88 g/t Au, 5.7 g/t Ag;
83 - 88m = 5m @ 0.72 g/t Au, 3.4 g/t Ag
RHDD-04 2751678m E
6417109m N
163.0m RL 110 -72 112.8 54 -84m = 30m @ 0.19 g/t Au, 1.3 g/t
Ag
incl.
66 - 68m = 2m @ 0.29 g/t Au, 5.5 g/t Ag;
79 - 84m = 5m @ 0.32 g/t Au, 1.3 g/t Ag
RHDD-08 2752130m E
6417977m N
155.0m RL 110 -45 310.0 59 - 93m =34m @ 0.45 g/t Au, 7.0 g/t
Ag
incl.
82 -91m = 9m @ 0.78 g/t Au, 4.6 g/t Ag;
86 - 88m = 2m @ 1.34 g/t Au, 6.6 g/t Ag;
103 - 106m = 3m @1.14 g/t Au
Table 1: Previous Proximal Drillhole Significant Intersections
Owing to logistical factors the hole was positioned approximately 100m south
of hole RHDDH-02 which had previously shown the strongest gold geochemistry,
(24m at 0.93 g/t Au and 13.9 g/t Ag; including: 8m at 1.71g/t Au and 29 g/t
Ag, and 2.0m at 4.15 g/t Au and 33.5 g/t Ag)
The hole targeted a vertical depth of approximately 200m beneath the gold
mineralization intersected in the earlier holes. It passed through
approximately 100m of unaltered andesite before intersecting a 12m wide fault
zone. It then transected a thick sequence of tuffaceous lake beds and
volcanic agglomerates that showed variable intensity of hydrothermal
alteration, brecciation and sulphide mineralization. Several zones of
anomalous gold mineralization were encountered.
The Company is reviewing the results of this hole as it appears that the
andesite rock targeted as the best host for mineralised quartz veins in the
Waihi Gold District and which normally lies beneath the lake bed sediments at
Rahu, has been displaced by faulting.
RHDD-11
This second hole, sited about 550m to the south of RHDD-10, was designed to
intersect the target about 170m below surface. From 65.7m the hole passed
through a 116.5m sequence of quartz veining, hydrothermal brecciation and
silicification.
This zone was generally gold anomalous and, from 99m down-hole, included 66m
that averaged 0.49 g/t Au. Within this zone there were several intervals of
higher gold values ranging from 0.71 g/t to 1.90 g/t Au as detailed in Table
2. The average gold values in this hole were at the higher end of the values
from RHDD-04 that tested the same zone approximately 70m above.
The key results of RHDD-10 and RHDD-11 are shown in Table 2 below.
Hole NZMG
Coords Bearing
(True) Dip Depth
(metre) Downhole Intersections
RHDD-10 2751573.49m E
6417644.93m N
115.58m RL
110 -62 449.5 218 -220m =2.0m @ 0.28g/t Au
251 - 256m = 5m @ 0.17g/t Au, 1.5g/t Ag
273-277.5m = 4.5m @0.19g/t Au, 2.1g/t Ag
RHDD-11 2751554.17m E
6417084.11m N
130.57m RL 90 -60 245.8 99-165 =66m @ 0.49g/t Au, 2.66g/t Ag
incl.
110-111 = 1.0m @ 1.9g/tAu, 2.0g/t Ag
114-121 = 7m @ 0.72g/t Au, 2.4g/t Ag
131-134 = 3m @ 0.85g/t Au, 3.6g/t Ag
137-139 = 2m @ 1.55g/t Au, 5.2g/t Ag
143-147.1= 4.1m @ 0.73g/t Au, 3.65g/t Ag
150-152 = 2m @ 0.81g/t Au, 2.2g/t Ag
159-161 = 2m @ 0.97g/t Au, 2.2g/t Ag
Table 2: Significant Drill Intersections on Current Drill Holes
Notes on Drilling and Sampling:
1. HQ triple tube sized diamond drill core used for the holes being
reported.
2. All drill core was geologically logged, and cut by diamond saw. Half
core samples, each approximately 1 metre in length, or as defined by the
geology within highly mineralized sections, were submitted to SGS
Laboratories in Waihi for analysis. Zones with no visible mineralisation were
submitted as 2 metre samples.
4. Gold was analysed by fire assay, using a 50g charge, and silver by
atomic absorption spectrophotometry (AAS).
5. A system of standards, duplicate samples and check assays was used to
confirm tenor and integrity of assay database.
DISCLOSURE: The information in this report that relates to exploration
results is based on information compiled Mr Murray Stevens. Mr Stevens is an
independent consulting geologist who is a corporate member of the AusIMM. Mr
Stevens has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity
being undertaken to qualify as a Competent Person as defined in the 2004
Edition of the "Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves". Mr Stevens consents to the inclusion in
this report of the matters based on his information in the form and context
in which it appears.
About Heritage Gold
Heritage Gold (NZ) Limited is a leading New Zealand, dual listed (NZSX: HGD,
ASX: HTM) minerals exploration company that has a portfolio of high quality
gold
, base metal and uranium tenements in Australia and New Zealand.
Heritage gold tenements in the southern Coromandel region of New Zealand
include the historic Talisman Mine which has produced over 1 million oz of
gold and 3 million oz of silver during its peak mining period.
Heritage owns 33 percent of Broken Hill Cobalt Ltd, a company that is looking
to develop a cobalt project at Thackaringa, New South Wales.
The company also holds exploration licences for uranium in Australia's
Northern Territory, historically a major uranium producing area and currently
the focus of extensive exploration.
To learn more about our company please explore our website at
www.heritagegold.co.nz
Have held HGD for around a year now and have enjoyed followed this discussion.
Does anybody know if there any further drilling results expected? My hopes are pinned on Talisman. Trying to stay positive!
Kane Jones
I think we had an idea from the the annual report that the results weren't going to be great.
" Upon Completion of the second hole the company decided to postpone the programme until they have advanced their knowledge of the structural geology of the area. "
(quoted annual report)
No surprises really for the faithful. Better Rahu results would have been nice thou.
What we really want to hear are the results from Waihi North, Talisman, BHCL listing and the Scoping study.
I doubt we will get any surprises from the Quarterly .
Hi KaneJones,
IMO there's no need to worry about the Rahu drill results at this point in time. This outcome was initially released a month or so back and was indicated in the Annual Report. (see page 5 under Karangahake)
While these results do not seem overly promising I believe the main consideration by HGD is to conserve and direct funds towards drilling at Waihi North permit, which must surely take priority after the recent survey results. There is also the Talisman project to consider.
Again from page 5 of the Annual Report, it is highlighted that diamond drilling at Waihi North was planned for June. I would quess these results might be known towards the end of August. Maybe the quarterly report tomorrow will provide a few more hints to the time frames.
IMO a good set of drill results at Waihi North, showing significant gold intersections along with the study of the Talisman mine showing economic viability will provide a change of 'fortunes' for HGD shareholders.
Obviously time will tell ... but that time could realistically be in the next 2-3 months if these results are positive.
Again I hope the quarterly report will provide us with a lot more information regarding time frames.
Cheers
BP:)
Weird release today. 2 holes two flops. What's the point. Why even bother.
Maybe to confirm earlier announcement - post drilling and hole analysis? Also to meet x/change requirements? With this out the quarterly can discuss this further, if needed with no disclosure concerns. Shame about this drill set though. I was hoping for some good grades right now also that the "treasure map" was getting accurate. Sounds like were not quite there yet, bit more time yet needed. Market not very happy, especially with the Bear in the house. For that reason alone a smacking is a possibility right now. That said, I still see good value in HGD in the medium term. Re-iterating my previous post, timing is rather critical ATM. With overall market sentiment being what it is this must be kept in mind. Unfair, but reality - ay least in the present moment.
Hi Croesus,
Here's another company that's moving towards nickel-cobalt production..
http://www.daguilar.com.au/AusNiCo.html
ASX code is DGR.
Announcement regarding cobalt: http://www.asx.com.au/asxpdf/2008073...4vwrr4lsqg.pdf
Cheers
BP:)
The real reality is that HGD has to persevere its limited cash reserves as there is very little of it getting any more cash in this climate from its hard beaten share holders and so we will not see any in depth searching going on for some time to come, HGD doesnt have a very strong hand now, the question should be asked is how much cash does it have ATM.
I quess the share price today tells a story ... but at least there is money in the bank to keep Talisman and Waihi North progressing.
Would like to know what is happening with the BHCL IPO..
Gotta keep smiling...:)
Cheers
BP:)
FOR PUBLIC RELEASE
Quarterly Activities Report to 30 June 2008
Heritage Gold is pleased to present this quarterly report for the period
ended 30 June 2008.
Highlights:
- Scoping Study for Talisman Mine commenced
- Results of geophysical surveys at Waihi reveal encouraging gold
targets
- Diamond core drilling of two holes completed at Rahu
- Diamond core drilling commenced at Waihi North
SCOPING STUDY ON TALISMAN PROJECT
On 18 March, Heritage announced its intention to undertake a Scoping Study as
part of the process of evaluating the Talisman mine asset and commencing to
move it forward as a development project. The company has engaged the
services of a number of specialist consultants to prepare the Scoping Study.
Gemmell Mining Engineers Pty Ltd., of Australia, will provide a critical
appraisal. It is expected that the study will be available by the end of
August.
WAIHI DISTRICT GOLD EXPLORATION
Waihi Gold Tenements (Heritage 100%)
The high-resolution aeromagnetic survey of the Waitete, Waihi North and
Golden Valley tenements undertaken in mid February has revealed several
significant de-magnetized zones or anomalies that are often associated with
areas of hydrothermal alteration and gold deposition.
The main magnetic anomaly associated with gold mineralisation at Newmont's
Martha mine extends north into the company's Waihi North tenement.
In addition, a major, 18 sq. km. demagnetized zone was revealed in the
southern part of the Golden Valley permit, immediately east of Newmont's
Favona underground mine. This anomaly is interpreted as hydrothermal
alteration beneath younger cover rocks and has a footprint that is similar in
size to the hydrothermal alteration zone that hosts the Martha and Favona
deposits.
In the area of Waihi North immediately adjacent to the Martha open pit
(designated as 'Martha North') there was good correlation between the results
of the ground-based electrical resistivity, soil geochemical and ground
magnetic surveys.
The combined survey results have highlighted a series of north-easterly
structural trends that are interpreted as being potentially mineralized
structures. Such structural lineaments in Martha North show a connection with
the Mataura magnetic anomaly to the north and the Martha Vein System to the
south.
Diamond core drilling of selected targets at Martha North, commenced on 16
June. Drilling of the first hole is well advanced and the location of a
second drill hole has been determined.
The company has lodged an application for extension of the Waihi North
permit.
For reference, the location of Heritage tenements around Waihi, is shown in
Figure 1 below.
Figure 1: Waihi and Karangahake Tenement Locations
Karangahake Gold Tenements (Heritage 100%)
Rahu Permit
Diamond core drilling in Rahu commenced in March and two holes have been
drilled, targetting one of three large geophysical anomalies that underlie
the Rahu Ridge.
The first hole, RHDD-10, was located west of Rahu Ridge and positioned to
test the extensions of gold mineralised breccias intersected in previous
holes. Although encountering several weakly anomalous zones, the hole passed
through a major fault zone and did not intersect any potentially economic,
mineralized quartz veins. The hole reached a depth of approximately 200
metres below the previous holes in the area.
The second hole, RHDD-11, was sited about 550 metres to the south of the
first hole and intersected 66 metres of consistently anomalous gold at an
average grade of 0.49 g/t, which is at the higher end of the values
encountered in hole RHDD-04, previously drilled in the area. This hole
targeted a depth of 70 metres beneath RHDD-04.
Figure 2: Diamond Drill Rig on Second Hole at Rahu (RHDD#11)
Both holes encountered zones of significant faulting. As a result, management
decided to postpone further drilling until they have advanced their knowledge
of the structural geology of the area.
The Company is also critically reviewing and refining its mineralization
model.
DUNMARRA BASIN URANIUM
Preparation for reconnaissance open-hole drilling of the Beetaloo exploration
licence was undertaken during May and June. A drilling contractor has been
selected and a specialist uranium field geologist engaged to supervise the
drilling. An initial four holes are planned to be drilled in July to provide
a preliminary assessment regarding the potential of the ground. These holes
will be drilled to a depth of about 100m to access potential uraniferous
zones beneath the water table.
Exploration management and requisite safety plans have been submitted to the
Department of Primary Industry of the Northern Territory and an advance
project team is currently on the ground.
BROKEN HILL COBALT LIMITED (Heritage 33%)
Broken Hill Cobalt Limited's exploration licence over the prospective area at
Thackaringa has been renewed for a further two years. Further sampling and
geological mapping of base metal gossans found by earlier exploration work is
planned. This will focus test drilling that is planned for the September
quarter.
Most of the gossans discovered to date have not been reported previously and
suggest excellent potential for Broken Hill style base metal deposits, with
some gold and tungsten.
CORPORATE AND FINANCE
At 30 June Heritage had a strong cash at bank position of $2,501,000.
Heritage continues to prudently manage its cash resources and exploration
expenditures as the company seeks to advance the value of its assets.
A Notice of Annual General Meeting will be circulated to shareholders by
early August. The company's Annual General Meeting is planned for the last
week in September.
BP .. I am with you and agree management made the right decision. They need to be conservative with there cash management decisions and have taken the right decision to keep Talisman and Waihi North going........ that they have done :D:D
I just love these buying opportunties ;)
Time will tell but hey I am in for the long haul ........
Oiler
The cobalt IPO has disappeared right off the map. No options saver there. Think the whole thing was make believe.
Yes it does seem to come and go. Also saying they are going to drill at Thackaringa seems to come and go. :confused:
I understand timing is not great at the moment but if HGD itself can get funding i'm sure BHCL shouldn't have any problems.
It's time to roll it out........................
Hope BHCL/HGD don't take too much longer to get this prospect underway!
http://www.formcap.com/s/CobaltNews.asp
Cobalt Typifies The Bull Market
Publisher: minesite
Author: Rob Davies
Cobalt is one of those metals that everyone is familiar with in a vague sort of way. Most are dimly aware that is probably used in high technology applications, but would struggle to name a primary cobalt mine or producer. And as for so many speciality metals, the cobalt market is actually quite a small market. Metals consultancy CRU estimates that the total market in 2007 was for only 60,000 tonnes.
But that demand is surprisingly widespread. One third of consumption goes into what is deemed environmental applications, such as solar panels and fuel cells. A bit more, about 36 per cent, is used for industrial applications such as drill bits and ball bearings. Surprisingly turbine blades and jet engines only accounts for 22 per cent of cobalt use. The remaining nine per cent is consumed in the electronics industry in things such as hard drives, memory chips and cell phones. That is a pretty widespread range of uses in what can loosely be called technological applications. Beyond that, cobalt is being tested for use in products such as lithium ion batteries and hydrogen storage systems. If the world is going to continue increasing its use of technology then it is hard not to believe that cobalt has a big future ahead of it. That's why consumption of this metal is expected to rise to 75,000 tonnes by 2010 and to 100,000 tonnes by 2012. In mining terms those dates are not very far away.
So who will supply this metal? Formation Capital is building an integrated mine and processing facility in Idaho with a total contained cobalt resource of 13 million pounds or nearly 6,000 tonnes.[*] Formation clearly hopes to be part of the equation. Right now supply comes from a variety of sources, mostly as by-product of nickel and copper mining, though there is one primary mine in Morocco and one in the US. Much will come out of the Congolese copperbelt, mostly as by-product.
But the Cobalt Development Institute, a not-for-profit industry body designed to promote cobalt, estimates that these various sources generated about 53,000 tonnes of refined cobalt in 2007. That leaves a pretty big gap between what is currently produced and what will be needed in two years time. Not only will be the demand for cobalt be rising sharply, but the demand for the highest level of purity, 99.999%, is forecast to rise even more rapidly. Only about 5,500 tonnes of out of total cobalt metal production of about 23,000 tonnes is suitable for critical superalloy applications. It's estimated that the industry needs to provide another 1,000 tonnes a year of high purity cobalt to match demand.
Only two companies today provide this high quality material, Vale and Xstrata, the new owners of the two Canadian nickel miners Inco and LionOre. More supply will be provided as by-products from new mines in places like the Democratic Republic of Congo. But there is substantial risk to these, especially in terms of timing. Although US$40 a pound might look expensive now, if these projections are right, then US$40 could look like a bargain in a few years time. There may be some speculation in some precious and base metals, but cobalt is so specialised that it would be difficult for traders to build up a large position in this metal. This fundamental situation suggests that, despite what some pundits are saying, the end of the commodity boom for this metal is not in sight just yet.
-END-
...and on that basis, I don't mind any delay as the reward will be even greater.
As the cap markets have thrown a spanner, oh hell the whole tool box into the works -this little one may need another 12 months. Watching, but waiting.
Have purchased more, put them in my 2 to 3 year file......can not see anything happening till at least june 2009...............more likely june 2010
Just a small point to consider... this reporting period ended June 30th.
Most of the 'pivotal' work being done started within that period and is currently still underway.
Results of the Talisman scoping study are due late August and I would suggest we would see the current drilling results from both Waihi North and Dunmarra around the same time or early September.
It had also been indicated earlier that the BHCL IPO would be reviewed in the latter half of the year, if there had been some 'stability' in the capital markets.
Remember the AGM is at the end of September.. just a day or two before the next options expire!
Cheers
BP:)
Most if not all of the options are at this stage worthless so dont expect any "rabbits from hats"
Hi whatsup,
Definitely no expectations regarding 'Sept' options... just pointing out that there is a 'bigger picture' underway.. and this may not have been immediately evident in the report yesterday.
IMO success at Waihi North and the Talisman will prove to be the 'turning' point for HGD.
Cheers
BP:)
Hi whatsup, they are not worthless yet just sold 300T HGDOB@ 1c, and brought 100t shares @ 3c, I thought at 3 to 1 it would be best to play safe and buy someting with a bit longer life.
still hold a few OB and a truck full OA and slowly getting bulding a holding in the heads.
Well done wk6332, great move just goes to show that there are deals to be done out there , hope that you didnt loose too much on the oiptions.
Well wk6332, only time will tell if selling your Nov 09 opts was a good idea? However, very pleased your purchase of HTM.ASX at 2.3 lifted my portfolio value nicely for the week on closing prices. (Presume that was your purchase?) It's only on paper of course as I'm in for a while here, but nice to see a reversal of trend :) Reckon if you could have quit your HGDOA at 1c you would have been more pleased.
Good luck to all faithful here, confident we may be in for some good news soon, maybe even before the OA opts expire and the AGM ? Fingers crossed.
Hi Doon, well I hope that it was a bad idea. I worked out that the share price would have to be in excess of about 12cAU to be worse off. So here is hoping that I did the wrong Thing, 12++ will do me.
Yes that was my buy of HTM @ 2.3au or 3nz, now just have to convert them to HGD to have my holding all in one place.
still hopefull that My HGDOA will be in the money befor they die but I would sell them all for 1c monday if I could.
I also made a 54% drop on the HGDOB for you too if you hold.
Tobo & wk6332 depends on wether your shares are issuer or broker sponsored. If issuer sponsored usually very simple if broker sponsored a very hefty fee is usually involved. If broker sponsored usually cheaper to sell on ASX and buy on NZX
Arbitrage usually with this stock they are cheaper on the ASX when you do the conversion; however don't think you can do it with HTM/HGD?
Up today could be a good sign coming off the recent lows!!!!!!!!!!!
Just a bad dream Whatsup.
sad sooooooooooooooo sad
I see that alot of other small and not so small cap goldies have been taking a hell of a beating of late. HGD has been caught with the rest. Some would suggest there is a little more to come, across the board . The big black bear is still on the rampage : (
That said, when the tide does turn as it will there will certainly be bargains around for the brave.
Not much being traded, why is it so slow? Things look good for a while, what is the gold price doing? I know it fell a lot the last couple of weeks.
Gold has come off it's recent high and trending down at the moment although still well above what it was 12 months ago. Currently $823. The drop in oil price and the strengthening markets will be a factor. Money is starting to flow back into stocks. This could all change if McDunk is right...:o
http://www.kitco.com/LFgif/au0365nyb.gif
For anyone interested ... here are some links offering some 'insight'-interesting reading (IMO) about gold and the price of gold.
http://www.theaureport.com
http://www.galmarley.com
http://www.swissamerica.com
Cheers
BP:)
What an overblown company this one has turned out to be! Hovering around 3 cents per share. Same as years ago despite all the hot air and pigs flying around this thread. Every single time someone says something good is going to happen nothing does! Talk about crying wolf...
You guys have got to be joking!!
"Moving slow" must be euphemism of going inexorably backwards.
Your "bottom" (today now 2 cents something) can't get much lower!
Cheaper to go and get some more rosetinted glasses...
STRAT
I am still keen on this baby :) You might ask "why" ........... I am not a trader.
My shares tend to be medium to long term buys and I usually back the jockey and make my decisions based on fundamentals and have mostly stuck to this philosophy.
I am hoping the AGM late Sept. will through some light on where we are going.
Oiler
Used todays dip, to mop up. Some might say.........dahhh :eek:
... so that would make at least two of us!
Our time will come..
Cheers
BP:)
PS: Worth reading IMO: http://www.theaureport.com/pub/na/1540
LOL.
HGD is a hilarious thread on Sharetrader.
I return here every know and then just to read and have a chuckle.
I love the enthusiasm with which Jess, BAP, and others discuss every
new low as an opportunity to 'buy more' (and this for many many
months on end).
Talk about delusion....
Another favourite is when they discuss the ups and downs of the gold
price, as if that had anything to do with the fortunes of HGD. (which has
never produced anything, and by the way things are going, never will)
Very, very amusing :)
p.s.: this all is not to say that I am not deluding myself either: I am still
holding onto ADY :(
Thank goodness someone has posted something that makes cents...
Oh dear... How sad....Never mind
.. and good bye!:rolleyes:
As you said in your last sentence we all have our shares that are not performing but we still are in because we believe that things will turn around. Why bother posting on this thread when you dont hold, and give those who have contributed to this thread crap.
Yeah I agree with Scrappy....piss off.. become a Scoutmaster.. or join a Masonic Lodge... as a holder of HGD I am quite happy to wallow in the slough of my own investing ineptitude... but I don't need some jumped up boring little git.. who does'nt hold shares.. patronising me....
I agree. I have picked up a couple of parcels in the last week to add to my holding. Mining stocks around the world have been taking a beating.
Lets keep this thread informative and constructive.
Whatever the future for this share, I am happy with my decision to hold for the long term.
There is an old saying that goes 'All will be revealed in time...'
Hi Kent,
I too have made comments about how long HGD has been around seemingly doing nout but today if I was going to throw some cash at a share, any share, I have to say HGD would be a lot closer to the top of the list than ADY.
and the ADY story, not amusing at all;)
Hi STRAT. I guess we should be waiting for a confirmed uptrend on any stock in the present market - before adding to resource positions.
Goldie's seem to have been hit harder than oilers to date. Gold dropped below $800 today, another short term negative.
On a gold oz $ to market cap HGD still looks good - especially if they can double resource cheaply. There is also that elusive cobolt 1/3 share. More on this in September would be good.
Gold has seem to be dropping like what seems forever, just ride it out.
Heck, it seems it just wont stop dropping, I thought it would have reached its low point by now.
The sinking share price of this company mirrors what gold does when you pan for it.
Given 2 cents was where it was before someone said Uranium I think the market now says this is a fair price....
The company has just mailed out option conversion letters in relation to the options converting on or before 30 September. Given the price is NZ$0.10 there would have to be a significant movement in price between now and then to get anywhere near the conversion price. September will have to be full of "news" for the company to get the extra cash in.
Not meaning to sound negative.
But HGD have no chance of raising 20% of their option monies given that the options were set some time ago without researching the period they were set I guess .10c seemed fine back then. I guess management will have to review their cash situation with around 2.4 mill on hand they could issues shares to a major company in exchance for a farm in agreement, we've all bantered around the j.v situation which we talked of nearly 14 months ago but nothing has happened.
Looks like .02c is going to happen before .04c comes.
If it goes sub .01c then i'm back in the buying mode.
DYOR
Just like a mine shaft this stock heads down. Now approaching the flat 2 cent.
But will there be light at the end of this tunnel??
Did those optimistic posts failed to recognise reality? Or are we seeing an investing public thowing away a fantastic opportunity...
Time will tell....
Last time it went this low was late 2006 before the mighty U word caused leap from 2 c to 12 c.
I sense the current market needs tangible results not hot air to bring this stock back to double digit levels.
Any announcement coming up?
Hi BAP. Could be wrong, but I get the feeling there is a bit of quiet accumulation going on since about March, trend still however looks to be heading South through. Keeping a close watch for any signals of change in this.
If the 1st tier goldies perk-up from now, the juniors will follow - a wave or two later. Gold staying over $800 will surely help that.
Hi Jess9,
If I was in Newmont's position I would be 'covering my Waihi base' by indirectly accumulating HGD shares at the current low prices. (They could acquire a major stake for less than 3-6 months of their exploration budget at the moment:rolleyes:)
IMO it's a simple 'supply and demand' scenario.
Overall global gold production is on the decline due to the lack of existing, established gold resource while at the same time the demand for gold is increasing. At some stage something has to give and the price of gold will take off again, this could take 3 months or 3 years- time will tell.
When it does happens (fairly soon 3-6 months IMO) mid-top tier gold miners will start showing greater interest in the 'juniors' that have JORC compliant reserves... and in Australiasia there are only a handful of 'juniors' in this position, HGD being one of them.
At this point in time many investors see junior explorers as far too risky/speculative, however the key to any 'junior' achieving success is JORC compliant reserves and establishing the economic viability for mining those reserves. This information when positive reduces the investors risk and attracts other 'players".
With the Talisman Scoping study and Waihi North drill results expected soon, I suggest we will have a 'clearer' indication of HGD 'position' in the upcoming month.:)
You may find the following link interesting.
http://www.theaureport.com/cs/user/print/na/1570
Cheers
BP:)
PS: and to all the 'knockers' of this thread who read this.. if you decide to post something, at least show you've actually done some homework first, rather than criticism
without any basis. Most contributors to this thread have been sincere enough to provide some insight into their research, they don't deserve ridicule from people who can't
substantiate their comments or thought process.
Thanks for this little ps BAP.
I very much enjoy the posts on this thread from you, Oiler, Jess etc etc. I feel I know very little to be of any value to other posters as far a information is concerned, but I do feel I get good value from those who do have knowledge and who have done so much more research than I could ever hope to do.
I have held for some time and still do hold a small amount of shares in HGD and do get fed up with the knockers who come on here and like to take potshots at genuine posters.
So from me, just a thank you for continuing to support the thread.
YOTT
My situation and opinions are identical to YOTT's. Indeed, without you guys I'd have probably lost heart.
I quess most 'junior' explorers are in a similar situation at the moment.
The one's with cash in the bank and an established resource may just come out 'shining'? IMO HGD is in this category... for now:)
The following extract from The Australian tells the story of the 'plight of the juniors' at the moment'!
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Over coffee last week, the MD of an explorer proving up a very substantial mineral resource worried aloud about the chances of an opportunistic takeover. His share price had fallen to such an extent, he said, that some cashed-up buyer could pick up that resource for a comparative song.
If the price was just sweet enough, it could tempt even some of the more supportive shareholders to cash out. Almost everyone is spooked at the moment even though the fundamentals of the metals markets are not looking all that bad.
When everyone else is selling, the smarties will see it as a time to buy.
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The link to the full article is: http://www.theaustralian.news.com.au...-18261,00.html
Cheers
BP:)
Extract from:http://www.theaureport.com/
If you're currently holding a stake in a 'junior' explorer this article is worth a read.
Cheers
BP:)
Extract:
Hang in There: Frank Barbera on Why Precious Metals May Power to New All-Time Highs in 2009
Source: The Gold Report 08/26/2008
Veteran money manager Frank Barbera tells The Gold Report why he believes gold, despite the current "major correction low," is headed back up. He says many juniors are incredibly undervalued, and discusses what could power the precious metals to new all-time highs in 2009. Barbera is currently the editor of The Gold Stock Technician (GST) Newsletter, which uses technical indicators to analyze precious metals and mining stocks, as well as oil and the overall market.
Thankyou for posting this.
all my free carried HGD shares are getting killed... i feel sorry for you blokes that are actually out of pocket on this one.. rough tide ahead... i was up a couple of grand on my HGD only months back. it would be fair to say that i got raped in the current market sentiment.
This has to be a long termer, but I don't feel confident to buy more.
Hi brettdale,
Agreed.. it is better just to hold at the moment, without further speculation.
I think it was Strat who summed it up nicely by commenting that it would be better to pay 4 or 5c on the way up... than 2-3c on the way down.
I've suggested for a few months that September and this 3rd & 4th quarter would be an important time for HGD, with the Talisman Scoping Study, Waihi and Dunmarra drilling all 'part of the mix'.
Lets hope the final results are worth the wait.. and there is some light at the end of the tunnel for the faithful.
Cheers
BP:)
I hope they aren't waiting until the AGM before releasing all of the information that is going to make the 30 September options in the money. Does anyone know if we should be expecting any drilling results or other information to be released before the AGM?
Got to love resolution 2 for the Annual meeting. They want approval to increase directors fees from $50,000 to $96,000 in a twelve month period in which the share price went from around 6c to 2c. I would have thought a better option would be to give them some out of the money options and incentivise them to get the share price moving north again. I don't think the company should be increasing any spending limits at the moment, especially on directors fees.
Just make sure you tick the 'right' - 'middle' box on your voting form then and get it in the post... or better still 'voice' you concern at the AGM!
Cheers
BP:)
When do the reports go in the post
Just sent it in now BAP. I've still got my fingers crossed that there will be some good news before the AGM.
Anyone know the reason for the relatively large trade this morning on the NZX? Shares bought for 3c, substantially higher than price on the ASX (well at least at the moment before it opens). No news released that I can find.
Any ideas?
Big depth now in Oz just before opening. Maybe reaction to NZ market, or the same investor. Someone is obviously keen. I love these "perfect" markets. I'll look back in a couple of days and see if this was a signal.
I would agree. I've been watching/holding HGD for some time. I've commented in the past IMO there seems to be a bit of accumulation every week or two in the last wee while However, there has also been ongoing pressure down - from AUS investors (just look at the Chart!) this flows through to NZX on what looks like a little bit of arbitrage. Therefore a break over about 2.5 AUS (ASX!) and on high volume would be a BUY signal in my book. Until then its still in a down trend, for now at least.
This is certainly an interesting stock to follow. Although the price has been softening the OBV has been doing the exact opposite with distinct uptrend. Im getting itchy fingers.
ASX goldies down 5% plus and HGD up 20-25%. Someone hit a buy instead of a sell ; )
Sept was always expected to be the month of news (progress report on alot of recent work). Maybe a positive pre-feas. study? Maybe some good grades finally hit? As Strat says time will tell.
If HGD does rack up a few extra 100K oz in 2009 then it will be very cheap compared to similar coys on the ASX. SILVER might also be a a nice extra if projected price increases fire. Can't remember but HGD has a JORC silver resource currently.
I'll have to take another look at that OBV. At least the down trend has been reducing, getting almost flat now.
Sorry jess, but I have to be a little cynical about your observations. If the trend continues much further I'll have to pay someone to buy my shares! Frankly I think tech analysis means squat all in these times!
My chart records go back 16years approx- believe it or not ASX HTM were once (AUD$)45.6c Jan 1994. In this period they have only ever closed below 1.9c twice, and that was yesterday & today at 1.8c, so hope your 'trend' has finally reached the bottom. Over the last 18mth period while the whole market has been in some turmoil so to speak, HTM has dropped from its high close of AU9.6c to low of AU1.8c, a much larger drop than most other junior & spec resource stock I have been following. And this is after changes in management & corporate direction, which were intended to rejuvenate this company. There have been many indications of good news around the next corner, but not sure just when we are going to get to the bend in the road. I am sure there are many other slightly or heavily disillusioned followers here waiting with fingers crossed for the good news to be revealed to us all, sooner rather than later I hope:(
Hi Doon. A bit of cynicism is very healthy in this current market. I would expect the sector to pick-up in 2009 on a rising gold price. That should in theory filter down to the juniors. But that is just background sector action. You are right in that HGD has to deliver, if not then at worst - face further punishment, or best languish on. One observation. Were it to happen, 2c to 10c is now a five bagger...I guess any one wanting exposure to junior gold plays must decide whether HGD offers far greater reward than a host of other gold juniors (all of whom have taken a heck of a beating over the last wee while). Alternatively wait for the market to lead the way, then simply follow.
Well jess, 1.8c to 8c is also a 5 bagger so better still. However now I would be looking at a 10 bagger plus from these levels. I was hoping for a sector pick up in 2008, now seems I have to hope for one in 2009. Rising gold price is not a given now, depends who you listen to- bulls say anything from US$2000-US$5000 to bears back to US$500- all are supposedly pro investors & tech specialists, but one thing is guaranteed, one of them will be right with their predictions:) Go the bulls, and fingers crossed for some good news from Heritage- can't make the AGM but look forward to something positive.
On a positive note, some other Aus gld explorers have announced great results recently and their SP has taken a drop!
The most illuminating post i've read on this stock in 2 years of following this thread.
Gold at a $1000 earlier this year wasn't enough to provide prospects for this stock. Neither a joint venture, nor a significant shareholder, nor in fact anything of note. It will be more of the same in 2009.
vote against ALL resolutions at the upcoming AGM.
Hi stat, I can't see your chart clearly and can't enlarge, but looks like it goes back to 2003? Would look alot more impressive if you can show from 1992 and show the 46c climb and drop! Sorry I can't reproduce here my incredible charts version.
ex http://www.heritagegold.co.nz/projTalisman.html
The underground drilling programme in 2005 delineated a JORC resource of 205,000 oz gold at a grade of 6.9g/t and 800,000 oz silver at a grade of 27 g/t
200K gold vs 800K silver. Maybe HGD's future is in upping its silver resource also!
Gold price down about $18. Oil down. DOW back in the dog box. In the face of this, interesting to see what level of support there is today for HGD.
Hi Croesus, any thoughts on coy activity which might tie into POSSIBLY recent HGD accumulation?
Hi Jess.
I suspect someone has either had a sniff of the drilling results, or is taking a punt that they will be positive, tried to get some HTM yesterday at 1.8 but missed out.
Would expect some good news in the offing... otherwise asking for more Directors fees is incredibly brazen IMHO.
cheers, Croesus.