CGT - onwards and upwards

Discussion in 'Stocks & Derivatives' started by Smoothcriminal, Dec 10, 2010.

  1. show-me-the-metal

    show-me-the-metal New Member

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    CGT trading halt, anyone like to have a guess?
     
  2. MelbBrad

    MelbBrad New Member

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    Volumes hadn't increased recently....Usually you see increased volumes from all the inside knowledge people, no? Anyone shed some light?
     
  3. MelbBrad

    MelbBrad New Member

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    i recently spoke with a manager from the mines up that way; he doesnt work for cgt.
    coincidentally, not long after i bought a small position in cgt. and not long after i read ho-bo jo's comments about the company!

    he said there's no gold left (?)
     
  4. Peter

    Peter Well-Known Member

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    Bought in yesterday.
     
  5. MelbBrad

    MelbBrad New Member

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    could be good.

    could be baaaaaaaaaaad....

    haven't laid the farm, so....
     
  6. Agauholic

    Agauholic New Member

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    Recent news: brr.com.au/event/75898
    28th Feb 2011
    * Awarding mining contractor / they are currently on site doing saftey checks
    * Production due by Sept 11
    * Good drilling results at target
    * continued drilling going on elsewhere

    hmmmmmm


    "he said there's no gold left (?)"
    As we approach 2,000/ounce *all* mine-able resources will increase.
     
  7. MelbBrad

    MelbBrad New Member

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    He was heavily sedated at the time!
    No, seriously, that's what he said. I thought it odd, given ho-Bo Jo's analysis.
    And he didn't work at a CGT mine...
     
  8. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    I heard the same when i was working on an exploration rig contracted to St Barbara at the old Sons of Gwalia site in Leonora(05/06), was told there was gold left but was too deep it would be too costly to extract. When we first arrived share price was 1c, now look at it. Not sure if they have expanded and purchased new mines or have found new deposits since i left.
    Didnt buy any cause at the time i recently got burnt by Lihir.
     
  9. MelbBrad

    MelbBrad New Member

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    then 1c and is now $2.11.... umm, thats some serious improvement in share price... anyone here jump on THAT rocket?

    of course, that's exactly whats happening with CGT right now...err...right?
     
  10. Peter

    Peter Well-Known Member

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    Maybe they have just exposed a huge wall of gold.
     
  11. MelbBrad

    MelbBrad New Member

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    Or maybe they've finally found where the Chinese have been hoarding their stack?!

    Bring on the.....*drumroll*.... WALL OF GOLD.....

    I love the uncertainty of a trading halt.
     
  12. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    At least I have some faith in this board not to burn us on capital raisings (unlike some I've seen) - still a bit dissapointed that 1 is apparently required I thought they would be good through to production.
     
  13. MelbBrad

    MelbBrad New Member

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    Is the halt to announce a capital raising? My luck...
     
  14. boneyard

    boneyard Well-Known Member Silver Stacker

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    They have found Lassiters Reef.
     
  15. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    Yep.. definetly a capital raising
     
  16. MelbBrad

    MelbBrad New Member

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    Where had that been announced, LtS? Can't find on their website or e*trade.
     
  17. Peter

    Peter Well-Known Member

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    Dear Sir
    Request for Trading Halt
    Castlemaine Goldfields Limited requests a trading halt from the commencement of trading on
    Thursday, 3 March 2011 to facilitate a proposed significant capital raising. The trading halt is
    expected to last until the commencement of trading on Monday, 7 March 2011. Castlemaine
    Goldfields is not aware of any reason why the trading halt should not be grant.
    .........................
     
  18. MelbBrad

    MelbBrad New Member

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    Sorry, I didn't scroll down to the second page....

    So, is this a good thing or a bad thing?
     
  19. Agauholic

    Agauholic New Member

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    It seems their current 17M would be enough to get current plan production yeah?

    The plant is ready to go...

    I'm leaning towards a "new" direction of some sort. optimistically ofcourse :p
     
  20. Peter

    Peter Well-Known Member

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    If they made this announcement(buying) would this tend to send shares up or down immediately.
    I hold short always.Wondering if I should dump on opening(before people can read reports)
     

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