citychap2011
01 Jun 2015
Noricum's lack of progress So what progress has Greg and fellow Directors been making with Noricum Gold?NMG has been listed on AIM for nearly four and a half years. The first day of dealings on AIM was 17 Dec 2010, which included a placing at 4p per share.The company share price is currently 0.18p having lost 95% of its value.The Directors have reported that there has been drilling activity over the last four and a half years. However, no feasibility studies have been undertaken to determine resource. As at 17 Dec 2010, NMG’s strategy was “focussed on Rotgülden in an effort to support a detailed feasibility study towards mine development and production”.26 August 2014, NMG advised “Drilling at the previously producing mine at Rotgulden occupied a substantial portion of our resources in 2013, and while we were hopeful that we would be in a position to deliver a maiden JORC resource for the historic mine target, the complex nature of the mineralised structure became clear on receipt of the draft geological model from H&S Consultants Pty Ltd.” It has taken Gregg and fellow Directors nearly four years to conclude they can’t deliver a maiden JORC resource for Rotgülden.So drilling was switched to Schonberg, but 26 August 2014 “Further work will be undertaken to better understand the deeper massive sulphide targets that have yet to be hit with the drill bit”So the company has now purchased Walchen, with recently reported poor gold grades, resulting in further dilution for shareholders with the placement of a further 239M shares.NMG final results (released 27 March last year) and details of the AGM should be out soon.It will be interesting to see the scale of loss NMG have made and Directors fees.Incidentally Director fees for the company were £208,780 in 2012 increasing to £246,500 in 2013 (increasing 18%). Awesome Greg! Can't help but think there should be a letter T after the letter N in Greg's surname.DYOR
citychap2011
29 May 2015
Greg Kuenzel and Peter Landau This isn't our CEO, Greg Kuenzel's, first mining venture in Austria. Greg served with Peter Landau (notorious Aussie promoter and the former Director responsible for several failed/failing AIM companies including Range Resources, Citation Resources, Black Mountain Resources and Continental Coal to name but a few) on the board of Centurion Resources Plc (CEN), an AIM company that started in 12 Nov 2012, which was focussed primarily on the exploration and development of copper assets in Austria. Centurion was subject to a reverse takeover and became FinnAust from 2 Dec 2013. Greg was a NED and Peter Landau Executive Chairman.Peter Landau stepped down from FinnAust on 4 Sep 2013 before the reverse takeover. Greg remains an NED at FinnAust.Centurion’s first day of dealings on 12 Nov 2012 started with a placing at 1p. The share price had fallen to 0.72p by Jul 2013.The reverse takeover of FinnAust followed with a share Consolidation 1:10 with placing price of 5p (0.5p). There was a spike 7p (0.7p). The share price has since drifted down and today stands at 1.62p (0.162p). This represents a 77% loss in shareholder value. Go Greg and Pete!What shareholder value can we "hope" Greg can create for Noricum Gold shareholders?DYOR.
citychap2011
29 May 2015
Walchen grades Greg Kuenzel said, "The grades historically returned from this highly prospective asset were "strong" at 1.71% Cu, 3.23% Zn, 2.48% Pb, 83g/t Ag, 0.5g/t Au and we "hope" to confirm Walchen's reputation...."The gold grade is not strong, its poor compared to the results for Schonberg and Rotgulden. The silver grade is better than Schonberg but not bonanza grade like Rotgulden. This is Aussie promoter BS from the School of Peter Landau. Anyone like to guess when we can expect the next placement to pay director salaries?I have a small holding. DYOR (especially into the NMG Directors history)Schonberg grades include: · NG-1104: 6.15 g/t of gold ('Au'), 16.25 g/t of silver ('Ag') and 4.7% copper ('Cu') · NG-1106: 5.01 g/t Au, 8.84 g/t Ag and 4.67% Cu· NG-1107: 6.46 g/t Au, 5.63 g/t Ag and 1.81% Cu· NG-1111: 33.8 g/t Au, 31.1 g/t Ag and 8.14% CuRotgulden the high level of grade variability was highlighted, with results including: 3.9m @ 51.53 g/t of gold, 237.77 g/t of silver ('Ag') and 2.69% of copper from 4.7m, including 1.1m @ 181g/t Au, 807g/t Ag and 8.75% Cu. This has made it challenging to calculate consistent grades with which to update the geological model. Altenberg grades up to 86.4 g/t Au and 1,011 g/t of silver.
kezzman
22 Apr 2015
will wait and buy in at sub 0.18
kezzman
22 Apr 2015
will wait and buy in at 0.18
Tatty
20 Apr 2015
An outcrop! - Let's poke it with a stick! Funny picture. Impressive grades but I wonder how much is left in there?
dickie3times
06 Apr 2015
Gold going back up? Yes, but... ..not till 2016 2016 is start of new gold bull cycle[link] to cheer next yearDisappointing jobs and manufacturing data out of the US coupled with a sagging dollar sent the gold price on a tear Wednesday with the metal surging past the psychologically important $1,200 an ounce level and back into positive territory for the year.A new report by Metals Focus – Gold Focus 2015 – forecasts a bottom in the price of gold this year with a rising trend in 2016 after three years of declines.Short term the London-based research firm expects further price weakness in the coming months and a low for the year at $1,080 which would constitute a more than 5-year low. Metals Focus' estimated annual average of $1,190 would mark a 6% decline compared to last year.The actual start of US interest rate increases will – paradoxically – mark the turning pointing"The biggest headwind continues to be expectations of US interest rate increases later this year, as other developed economies’ ultra-loose monetary policies (notably the Eurozone’s) remain in place, this helping to drive
up the dollar against other currencies. Low inflation, weak commodity prices and strong equities are other factors that should keep gold under pressure," says Metals Focus in its 88-page review.The firm also believes that the actual start of US interest rate increases will – paradoxically – temper the pressure that expectations of a rise had placed on the price and mark the turning pointing.Shortly after the first Fed action in six years gold will start appreciating according to the report which is "premised on our expectation that these increases will be slow and modest, leaving real rates in negative territory for some time to come."From 2016 onwards, there are several plausible arguments to be made to provide the spark for a renewed gold bull market according to the report:While Western investor interest in gold remains low, selling pressure is likely to ease further from the already much-reduced level of liquidations seen in 2014.Meanwhile, Asian investment demand for physical gold is expected to recover from last year’s slump. In addition potentially gold-friendly developments in debt, inflation, foreign exchange, commodity and equity markets and the scope for a far more malign environment for international relations should also boost the price.
Ace08
29 Mar 2015
Re: Today's RNS Got to be worth a few quid ya never know some of these Aim nothing stocks may stick a few quid in your account someday Worth a go anyway , who knows @ .nothing ?
Tatty
25 Mar 2015
Re: Marcus Edwards-Jones My answer to your question is 'Yes'. The track record speaks for itself doesn't it? I have a small gamble here too but have written it off as, like a lot of other AIM 'Junior miners', I can't ever see them actually mining anything. All they seem to do is drill endlessly, issue more shares, keep paying the BOD unjustifiable inflated salaries and then go bust, and often do it all over again. If you ask the question 'When do you plan to start mining and make a profit'. They would probably say 'What does that mean?'.It is the people that makes a company succeed of fail
citychap2011
24 Mar 2015
Marcus Edwards-Jones [link] Edwards-Jones, Senior Non-Executive Director“In addition to his duties at Lloyd Edwards-Jones S.A.S, he is a non-executive director of ASX & AIM listed Range Resources Ltd.”Marcus is a known associate of one Peter Landau, responsible for the demise of Range Resources LTD and the destruction of shareholder value. Marcus was fired from his NED position at Range at the AGM on 28 Nov 2014. NMG haven't updated his profile.I understand Marcus has recently been appointed to the board of Citation Resources, another Peter Landau run company.Is anyone else uncomfortable about having Marcus on our board given his connections with Peter Landau and his highly dilutitive company financing deals?I have a modest holding here. DYOR.
filberthefox
24 Mar 2015
Re: Today's RNS Directors buying !
Tatty
23 Mar 2015
Today's RNS What's going on here? A third project now added while still miles away from realising value from the existing two. The strategy statement is too vague. Worrying.
brasher
12 Mar 2015
slowly rising and then watch it rapidly rise...could hit 0.7 easily
Gunnersyeo
25 Feb 2015
What's going on here them? Up 19.44% since 10:49 ?Something leaked?Anyone got any clues?
ragtop pilot
24 Feb 2015
Director buys! Where are they? Leading by example rather than warm words!
