sharetrader
Page 111 of 116 FirstFirst ... 1161101107108109110111112113114115 ... LastLast
Results 1,101 to 1,110 of 1155
  1. #1101
    Banned
    Join Date
    Sep 2014
    Posts
    1,059

    Default

    Time to wind it up and hope for another company to come along to chuck into the shell? Kim Dotcom is always looking to chuck another monstrosity onto market

  2. #1102
    Legend
    Join Date
    Jun 2009
    Location
    CNI area NZ
    Posts
    5,958

    Default

    Quote Originally Posted by BFG View Post
    Time to wind it up and hope for another company to come along to chuck into the shell? Kim Dotcom is always looking to chuck another monstrosity onto market
    I think Kim will be working on MEGA for a while yet. He has a new CEO looking to convert more freebie customers into paying customers.

    A lot of the relinquished GEL/AXG permits in Otago were 10% owned by Mark Gunton, of Westgate fame (as New Zealand Minerals Ltd). He, in turn, has been working on a ten-year project in his area of expertise, and it has started paying off.

    http://www.nzherald.co.nz/business/n...ectid=11155295

    NZM also has two minerals permits, 100% owned. The emerging pattern is one of previous backers of GEL moving on, still taking a punt on their discrete projects, but not being interested in the AXG offering.
    Last edited by elZorro; 03-01-2015 at 09:46 AM.

  3. #1103
    Legend
    Join Date
    Jun 2009
    Location
    CNI area NZ
    Posts
    5,958

    Default

    I will keep an eye out for news on AXG, but last year the first official report to SEDAR didn't come out until the annual report on 30th April (closeoff is 31st December). The TSX shares are now trading at 1c, with two NZ bids on the NZX at 1.1c and 1.3c.

  4. #1104
    Legend
    Join Date
    Jun 2009
    Location
    CNI area NZ
    Posts
    5,958

    Default

    Fresh capital was being sought by April 2014, and here is the page from the Rabone presentation showing key shareholders at that point. ACC has sold down some shares since. Not sure about anyone else on the list, but they don't seem to be putting up the new funds. Drilling at WKP was supposed to be restarting in June 2014.

    Instead, AXG are pursuing a restructuring with an un-named third party, as announced in November 2014.
    Attached Images Attached Images
    Last edited by elZorro; 16-01-2015 at 09:19 PM.

  5. #1105
    Legend
    Join Date
    Jun 2009
    Location
    CNI area NZ
    Posts
    5,958

    Default

    Nothing to report, except that after a quick investigation of the Antipodes Gold website, it appears that they've used the FREE version of Weebly website builder, which means no video or audio player, and an ad on the bottom of each screen. I'm not sure if that's how you impress new investors with the required deep pockets.

    http://www.websitetooltester.com/en/...weebly-review/

    http://www.antipodesgold.com/
    Last edited by elZorro; 23-01-2015 at 07:15 AM.

  6. #1106
    Advanced Member robbo24's Avatar
    Join Date
    Nov 2012
    Location
    New Zealand
    Posts
    2,008

    Default

    Quote Originally Posted by elZorro View Post
    Nothing to report, except that after a quick investigation of the Antipodes Gold website, it appears that they've used the FREE version of Weebly website builder, which means no video or audio player, and an ad on the bottom of each screen. I'm not sure if that's how you impress new investors with the required deep pockets.

    http://www.websitetooltester.com/en/...weebly-review/

    http://www.antipodesgold.com/
    Hahahaha - how very sad!

    An 8 year old child could make the same website for their lemonade stand...

  7. #1107
    Legend
    Join Date
    Jun 2009
    Location
    CNI area NZ
    Posts
    5,958

    Default

    Quote Originally Posted by robbo24 View Post
    Hahahaha - how very sad!

    An 8 year old child could make the same website for their lemonade stand...
    I wonder how the restructure is going.

    According to this website (Macroaxis), which seems to automatically scrape the web for data and put up charts and predictions for any listed company, AXG is in a bit of trouble. Some of their data is out, but I feel this part of the analysis is accurate.

    http://www.macroaxis.com/invest/rati...-Of-Bankruptcy

    On 26th January 2015, Antipodes Gold surrendered EP53189 with NZPAM, this was the 6400Ha Sparrowhawk permit in Otago. Maybe it had been for sale, but in any case it could be an opportunity for someone, later on.
    Last edited by elZorro; 30-01-2015 at 06:39 AM.

  8. #1108
    Legend
    Join Date
    Jun 2009
    Location
    CNI area NZ
    Posts
    5,958

    Default

    Periodically, I update a basic speadsheet on the permits that GEL or AXG hold with NZPAM, the govt permitting outfit.

    First note: Antipodes Gold appears to have no permits at all, perhaps they haven't bothered with any name changes since last year.

    Second note: Glass Earth is mentioned in only three currently running permit records that I can see.

    EP40598: the WKP area and surrounds, above Waihi, up in the bush. Waihi Gold (Newmont) have 65% ownership, GEL have 35%. The operator is listed as Waihi Gold. Not Antipodes Gold, whatever they might say in their press releases.

    EP40183: Glamorgan, a permit beside the WKP area. 65% owned by Waihi Gold, they are also the operator.

    EP40767: Waihi West area, this is mostly under the south-west part of the Waihi Township. It's right beside the massive Martha Hill mine, that is nearly mined out. The Correnso targeted mining area is across to the east from here. NZPAM show that this permit is 100% owned by Glass Earth Gold, and they are the operator. However under an earn-in, Waihi Gold have done some drilling and exploration here (Not Glass Earth), and Waihi Gold (Newmont) should have 60% of this permit under that agreement. It's likely that they are quite happy at this stage to leave it in Glass Earth's name.

    Glass Earth or Antipodes Gold owed Waihi Gold $720,000 for previously agreed exploration work that has been completed. In March 2014 the two parties set out a new agreement where AXG needed to spend that same amount on approved exploration of WKP by October 2015, and some new rules from then on. They are only the project Manager, not the Operator.

    http://web.tmxmoney.com/article.php?...&qm_symbol=AXG

    Of course, at this stage AXG have no funds at all, and don't look like getting any before October.
    Last edited by elZorro; 31-01-2015 at 09:13 AM.

  9. #1109
    Legend
    Join Date
    Jun 2009
    Location
    CNI area NZ
    Posts
    5,958

    Default

    On 12th Feb 2015, Oceana Gold was granted a 2 year prospecting permit over 10,9764 Ha, immediately southwest of their main mining permit at Macraes. The curious thing is that this permit is called Lot's Wife, and Glass Earth had an Exploration permit for the same area under the same name, also about 11,000 Ha, from July 2005 to July 2010.

    Maybe they missed something.
    Last edited by elZorro; 14-02-2015 at 03:21 PM.

  10. #1110
    Legend
    Join Date
    Jun 2009
    Location
    CNI area NZ
    Posts
    5,958

    Default

    It's not so great across the Tasman, either.

    18/2/2015 — General
    Geoscience jobs continue to fall in Australia
    By Ross Louthean
    One of the major geosciences bodies in Australia has raised concerning statistics that also impact on professional employment in New Zealand.
    The Australian Institute of Geoscientists (AIG) this week released figures showing that unemployment for geoscientists was continuing to rise.
    The degree of the problem has been well shown in news reports showing massive cutbacks in the Pilbara iron ore fields and coal fields of Queensland and New South Wales.
    There is also the fact that more than 80 listed junior explorers on the Australian Securities Exchange (ASX) have “zombie” classifications – insufficient funds to last the next six months without considering exploration.
    AIG said its latest survey for the December quarter showed that an uptick in jobs in the previous quarter was short lived.
    The survey showed the unemployment rate among 666 respondents in the latest survey was 15.5%, a full 2% higher than the rate for the end of the September quarter. The under-employment rate in the latest survey among self employed geoscientists rose to 16.9% from 15.4% in the previous quarter.
    The unemployment rate of 15.5% was the second highest recorded since the AIG started this survey in mid 2009.
    “The combined unemployment and underemployment rate of 32.4% was also the second highest recorded by this survey,” the AIG said.
    Self-employed geoscientists continued to struggle with more than a third unable to secure more than 10% of their desired workload. Were these self-employed geoscientists to be considered to be essentially unemployed, the overall unemployment rate would be a staggering 21.3% - more than one in every five geoscientists in Australia today.
    The latest survey showed 12.2% of the geoscientists lost their jobs in the previous three months. Almost 40% had been unemployed for more than a year.
    The survey showed more than 66% of unemployed or under-employed geoscientsits were not confident of returning to full time employment in their chosen field within 12 months, and 6% were seeking alternate employment.
    “The increase in unemployment amongst Australia’s geoscientists in the final quarter of 2014 will be seen as very disheartening by many in the profession,” commented AIG president, Wayne Spilsbury.
    “The employment downturn, since it peaked at the end of 2013, has shown little sign of improvement whereas the GFC in 2008 to 2009 was a short, sharp event.
    “The current, continuing downturn appears to be a product of sustained depressed commodity prices which has dampened equity markets, contributing to a marked decrease in exploration funding that is essential to the sustainability of Australia’s minerals and energy resource industries and Australia’s continued economic prosperity,” Spilsbury added.
    Western Australia, which had been the boom State that also was a mecca for geoscientists and other mining professionals and skilled workers from New Zealand, has borne the brunt of the downturn.
    Spilsbury said that some promised incentives and initiatives from the Federal and some Australian State governments have failed to stop the rot.
    Another peak industry body, the AusIMM, has been raising concerns about the massive loss of jobs for its members, which include geoscientists, mining engineers and metallurgists.


Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •