Heritage Gold...HGD

[Paint it Black]

Yes Aotea - a condition on the mp I guess is a way through it. It would no doubt say mining is subject to the necessary Resource Consents being in place which then triggers the requirement to lodge methodology documentation. However I'm not convinced even at this point that a JV needs to be in place. RC's place conditions that are monitored. You don't need to nominate who the contractor is going to be when you lodge a RC or Building Consent.

[Aotea]

Resource consents come well after the mining permit, and do not contain any requirements about JV partners or the mining permits. Both mutaully exclusive, and the RC can only discuss and have conditions relating to the RMA. So matters of the CMA and third party agreements are outside the scope and cannot be enforced. It could though be a condion of the mp, although it is contrary to the CM policy in the 2008 minerals programme...but under the Nat government there may be a little more lee-way given???

[Crypto Crude]

Thanks for the reply Paint it black...
this sounds promising...

hey Yankiwi,
Im a disaster with resource stocks... I dont understand them at all/grades etc...
Hey, that link looks interesting... cool pictures...
is it just me or is that a picture of Australia on Page 10?
:cool:
.^sc

[jonu]

It's just you Shrewd:) It's Northland

[Oiler]

Interesting release from HTM for the ASX. It's well worth a look.

Much more detailed then the crap announcments on the NZX


2009 Annual Meeting Shareholder Presentation (http://www.asx.com.au/asxpdf/20090929/pdf/31kzqldyyp9k2h.pdf)

Very true Yankiwi. This presentation was given at the AGM last Friday. Dont know why it wasnt posted on the NZX :eek::eek:

[Paint it Black]

It was posted on HGD's web site on the 25/9/09 after the meeting but as you say not through the NZX.

[Ayrton]

You can access it from NZX if you login to "My NZX", there you can view the attachments and pdf's.

[whatsup]

More action , if that s whats call action on HTG

[Jess9]

Look for a close over 3c NZ or 2.5c AUS on decent volume, say 2m plus.

Could easily double or triple from where it is today - on the right news. DYOR : )

Awesome permits and assets massively discounted due to past issues... as J Hill notes 2010 is a must year for transformation. He has a lot of history to overturn through.

[STRAT]

Very true Whatsup.

Over 1/2 mil HGD traded on the NZX and s/p up 15% & 1/3 mil HTM on the ASX with a 17.6% increase in s/p.

Things are starting to look up IMO. :DOne could also argue that HTM broke out of a 16 year down trend today on back of $7500 worth of trades :D

[ScrappyO]

Tonights Sunday programme on channel One at 7.30pm might be of interest.


Sunday film crew were in waihi filming.

"It's lying there, waiting to be mined. Minerals worth billions of dollars to the country. The problem is that it lies in conservation land, protected land, inviolable land. But should it be unlocked?"

[STRAT]

Tonights Sunday programme on channel One at 7.30pm might be of interest.


Sunday film crew were in waihi filming.

"It's lying there, waiting to be mined. Minerals worth billions of dollars to the country. The problem is that it lies in conservation land, protected land, inviolable land. But should it be unlocked?"Yeah saw the shorts on the Telly. Just what HGD need:rolleyes:. Protesters at the front gate:eek:. Will watch it tonight if I have time. Sometimes these kinds of TV programs ( usually biased one way or the other ) can have quite an impact on a situation.

[Oiler]

Yeah saw the shorts on the Telly. Just what HGD need:rolleyes:. Protesters at the front gate:eek:. Will watch it tonight if I have time. Sometimes these kinds of TV programs ( usually biased one way or the other ) can have quite an impact on a situation.

Agree but thank god we have got rid of the PC, tree hugging, namby pamby brigade in govt.

Time to be realistic :)

NZ cant survive on green scenery. We promote a "clean green enviroment" to the world, we maybe green but certainly not clean.

Lets open up our natural resources responsibly and may the country prosper :D:D

[STRAT]

You are dead right about Green but not Clean Oiler. If NZ had a population dencity similar to other countries polution would be at crisis level.

Anyone see the show and if it relates directly to HGD?

I missed it

[Jess9]

Hi Strat. A rep from Newmont restated that they are looking for new deposits to keep their processing equipment going and are committed to staying on - if they get more ore. Gov looks set to open locked (from mining) areas up again, but in a balanced way. Preference for low impact underground mines and fees paid back into conservation from mining. Looks like a practical way forward. Interesting to see how quick they move.

[STRAT]

Well you're in luck Strat. The show is available on the TV1 website. :D

Gold Video (http://tvnz.co.nz/sunday-news/sunday-october-4-fever-3039553/video)Thanks Yankiwi
but being a lazy Bass Tard I was hoping for highlights here :D

[Paint it Black]

Hi Strat. A rep from Newmont restated that they are looking for new deposits to keep their processing equipment going and are committed to staying on - if they get more ore. Gov looks set to open locked (from mining) areas up again, but in a balanced way. Preference for low impact underground mines and fees paid back into conservation from mining. Looks like a practical way forward. Interesting to see how quick they move.

Hopefully HGD are promoting Talisman to the govt as the ideal example to the public of how it is possible to sensitively mine the DOC areas underground. HGD has a great opportunity to be at the forefront of DOC land gold mining. We understand from the AGM and Oiler that DOC are already happy with the consultation process at Talisman and that HGD believe any developments in Northland would also most likely need to be underground. Newmont has not got a great example in Martha to promote it's environmental sensitivity while HGD with plenty of Kiwi ingenuity from a fresh start can do the right things and set the pace.

[Jess9]

Gold just spiked $15/oz, now $1,016/oz. Last week juniors benefited from positive investor sentiment (gold fever) : )

[Jess9]

Chart wise, OBV continues to rise. Lovely trend change from past few years. Break over 2c AUD next on volume would be nice.

[Jess9]

Righty ho boys, golds off. Smashed into new high last night. Gold sector should follow its in wake! Nice. This is big : ) HGD just needs to commercialise now and well just watch it : )

[Ponda]

Some nice trades going through on the NZX this morning. POG is surely heating the sector up.
All we want now is the approval.

[jonu]

Surely not Yankiwi!

That stuff doesn't go on does it?:rolleyes:

It certainly is looking positive

[Tanger]

Just for a bit of fun, anyone want to hazard a guess as to what the price might go to should they get approval for their mining permitt? (assuming no JV announced at the same time).

[Ponda]

OMG!!!
Someone knows something.
2.8 just gone up 21% in a few hours on good volume

PS I so want to learn how to put those big smiley faces on my post.

[Tanger]

Just before opening on the ASX and there are some buyers lining up there as well. Still no news, but a lot of action for this share. FMG was granted its permitt application on 1 October, and it didn't hit the newspapers until today, so perhaps there is some lag..... All speculation of course. But as you say Yankiwi, fingers crossed.

[Jess9]

Some nice trades going through on the NZX this morning. POG is surely heating the sector up.
All we want now is the approval.

IMO 10c plus, conservative.

[Ponda]

I wonder if today will be the day the rest of us are let in on the news? :rolleyes:

Hopefully. HTM didn't have that flash a day yesterday and there is not too many people lined up on either side of the ditch for today. POG held nicely overnight and has just climbed a little bit more this morning, up to $US1,044.
Below is Jess9's post from 6/10/09. 2 DAYS AGO!!!
"Gold just spiked $15/oz, now $1,016/oz. Last week juniors benefited from positive investor sentiment (gold fever) : ) "

Maybe we should be organising a very special birthday party on the 14th November for anniversary for when the application was recieved. As presents we could give MED $ so that they can work overtime and get this permit sorted out!
National seem keen to get minerals out of the ground and they have the perfect excuse with HGD.
Good luck all.

[Jess9]

Hi Ponda. Gold has held real strong for the last 2 days over $1K. It is now heading up again with 1050 in sight. This looks real good for further sustained moves up. I see some further share price movement from this for goldies but the big re-rate for HGD will only come on release of positive permit/funding news. As stated, IMO this could be 10c plus if this is soon and good. Till then, enjoy a gentle appreciation : )

[Tanger]

Remember as well that if they can get the price up to around 10c before 20 November, then the options will be back in the money. Suspect that any news will be mid November but fingers crossed.

[TTrader]

NZX Up again ~$6000 @ 2.8

Buying on the ASX looks to offer a slightly better price at this time.

[jonu]

Strange buying pattern today. Big gap between bids & asks, but still buyers jumping the gap.

It'd be nice to see the bids fill in a little.

[Jess9]

: ) $1100 next?

[jonu]

Chairman Geoffrey Hill's comment at the AGM, as quoted in the NZPA article 25/09/2009 "mining permit work programme was being negotiated with the Ministry of Economic Development" seems to imply that the permit is a fait accompli, perhaps just being tweaked so that they can get the most favourable terms possible.

I'm not sure how tightly the MED would be working with Crown Minerals but it sounds to me that it's in the bag.

Have I got my permits (wires) crossed?

[Paint it Black]

No wires crossed as far as what I heard at the AGM Jonu - no later than Xmas 09. Remember though this is the mining permit - they still need a Resource Consent to construct the infrastructure which will take between 12 mths and 24 mths to be approved.

[jonu]

Thanks Paint, although it doesn't explain the drop off in bidders. I guess people are waiting for it in black & white before they jump in. The herd mentality prevails!

[Glendoonie]

It's nice to see a bit of action this morning.

That should keep the OBV on the rise :D

And here's me thinking the announcement on ASB securities, "Work at Newmont Waihi Gold's open pit at Waihi has been halted until further notice because of concerns about the stability of its eastern wall... " would send the touchy profit-takers into 'bail out' mode. Nice to know these touchy types have been held at bay. :)

[Paint it Black]

Good to see HGD, HTM and the price of gold moving up slowly. The mining permit may not be far away then watch it fly!

[Ponda]

Lets see if this little snippet in the last Ann will excite over the next week.

"Mining Permit Application
The Company's application for a Mining Permit over its Talisman and Dominion
Knoll exploration permits is in the final stages of processing by Crown
Minerals Group (CMG).

The final conditions for the permit are expected to be settled within a week. "

[Paint it Black]

Well spotted Ponda - it will at least shake things up among the JV suitors and give HGD much more bargaining power.

[Ponda]

It looks like it might be the last chance to enter/top up at these bargin prices! :)

My mouse has never been further from the sell button! :D

November is going to be our month. :D :D :D

I agree Yankiwi, it looks like November will be a good month.
Will be interesting to see how it relates to the SP in the following days. There was no action on the ASX.
Look foward to hear from some of the stalwarts on this thread i.e. BAP, Jess9 et el.

Don't touch the 'sell' button

[clarky]

already up at 3c...maybe 3.5 before the day is out. with the permit likely to be confirmed by close of play next week, JV should fall into place as others with the coin to fund the project line up to get there share of the profits

[Jess9]

Some may be surprised at any increase on the right news. Its sat around 2c for so long but others have moved alot already. Could trigger a good catch-up. Oppies may even get in the money (knock on wood) : )

[clarky]

i'm happy with getting in at 1.8c... would like to triple my money before xmas.

[Jess9]

3.1c now on volume of 1m plus.

[Tanger]

Will be interesting to see where HTM opens up on the ASX. Once both markets are open, may well be a bit more trade going through today. They went from around 4c to 11c a few years ago when they got into Uranium in Aus, so fingers crossed for some further movement next week when/if the permit is issued.

[Jess9]

Agree, 4-11 happened over a few days! Could be on again now, BUT depends on quality of news next week.

[clarky]

tanger its a matter of when, not if...be positive

[Tanger]

ha ha, didn't want to be accused of "ramping". I agree, for them to say what they did in the quarterly update, looks like it is a done deal. Hopefully it will also quickly be followed up with a JV partner at a reasonable level (still makes you wonder why the likes of Newmont didn't just come in and grab as much as they could before the permit was granted).

[clarky]

maybe newmont were not confident that it would be granted or HGD have some tough conditions for a JV partner to meet. which wouldn't be a bad thing!

[GR8DAY]

.....wasn't that very long ago they were trading at 12c. Who remembers Mineral Resources (Martha Mine) going from 16c to 2.80, on approval to mine over the space of a couple of years...caught many people off guard (including my mate who forgot to sell his 600,000 at 2.80!!)

[Jess9]

sellers gapping to 4.6c now : ) Whats this one worth with a mining permit (touch wood next week) and 1m oz gold potential (205K resource booked already)!! Bit of "gold fever" on the way?

[clarky]

there goes 3.5. big gap between buyers and sellers 3.1-4.6. has been a great morning for HGD

[skeet]

Looking forward to opening on ASX, Wonder how the aussies will see this!

[Jess9]

Agree, ASX trading will set the tone from 12pm. They are usually very pragmatic. May wait till the cats out of the bag..how ever if we see a carry on up there today...

[clarky]

after waiting so long for HGD to wake up, it has finally where ther action is at.

[skeet]

The Ozzie loves it!:)
But limited sellers at momnet....

[clarky]

yeah its opened with a hiss and a roar as expected. limited sellers will push price up so thats fine with me.

[Jess9]

The push down to below 2c was from the 2008 broad market sell-off that just killed unfunded juniors (along with a lot of others). HGD/HTM never got back up. A mine permit would change things dramaticaly now. It may also re-focus investor on what HGD could be in a short space of time. new money in and sellers drying up will equal a rerate (finally ; ) HGD was 5-7 c pre 2008 and it is moved along way forward since then. Watching with interest!!

[Jess9]

Last time it did that run to 10c it was on massive (i.e. 10-50m daily) share volumes. something to consider also.

[clarky]

i dont think we will see that type of excitment today. a few more sellers are jumping in now.

[Jess9]

yeah, permit/jv 1st.

[Tanger]

Still a reasonable way to go before the options are in the money at 10c (NZ). That must surely be what the company is hoping for to bring some further cash in for the short term (as well as a JV partner of course).

[Crypto Crude]

Heritage really starting to come to life...
up 40% on the ASX...
up 22% on the NZX...
I am not trading this stock...
I will continue to hold...
I believe todays rally is nothing on what is to come...
:cool:
.^sc

[GR8DAY]

how do you find them on the ASX? is it HTM? the National bank site doesnt wana know them! (maybe they're buying themselves?)

[stone small green]

it's htm indeed.

[Tanger]

Given it is probably mostly existing HGD shareholders that are buying today (or people who follow them on this site), the real movement will only come when the permit is issued and the wider public find out about it. Next week could be very interesting. I'm certainly happy to go along for the ride.

[stone small green]

despite the volumes.
isn't the value a bit low?

with HGD trading 59K and HTM only 38K..

but if only volume is the case, it's good news.

[steve fleming]

Interesting to see the HTM directors doing deals among themselves.

Warwick Grigor is a long time Director of Monaro (ex Chairman).... Geoff Hill has his fingers in many pies.

http://stocknessmonster.com/news-item?S=MRO&E=ASX&N=466235

[Jess9]

If a permit goes ahead next week(ish), I wonder if there are any corporate/j.v. deal(s) in the wings waiting. HGD HAS had the time to line their ducks up. Be great to see HGD back over 10c. Especially soon, as it could allow for option conversion and immediate fresh funds to progress the permit. Great also if the gold price improves further giving any coy action a wider sector tail wind.

[BAPP]

If a permit goes ahead next week(ish), I wonder if there are any corporate/j.v. deal(s) in the wings waiting. HGD HAS had the time to line their ducks up. Be great to see HGD back over 10c. Especially soon, as it could allow for option conversion and immediate fresh funds to progress the permit. Great also if the gold price improves further giving any coy action a wider sector tail wind.

Hi Jess9,

You would hope HGD management have been working hard to secure a JV arrangement to coincide with the mining permit approval.

There is less than 3 weeks for the current options to be converted so you could expect some significant news beforehand if there is to be any chance of a successful uptake.

IMO they have left it too late for a 'run on' the options, but who knows what will happen if any significant announcements regarding the permit and a JV partner are made in the next week.

They will need cash sometime very soon!

Cheers
BP:)

[Odd Fellow]

I have increased my holdings.
I have been waiting for some movement for a long time,
now I am ready just in time before the big rush. :) :cool:

Cheers.

[GR8DAY]

.....I wonder who the short-sighted trader is off loading his 400,000? might just be kicking him or herself if and when they return to 12c....ouch!! (don't know why anyone wud bother when they're only worth 12 or so grand anyway?)

[Tanger]

Will be interesting to see if they get snapped up on Monday morning. Nothing in the media this weekend re the company's comments about expecting the permit by the end of this week. Suspect once that gets announced we'll see another little lift. Challenge for the company though still remains getting the JV or as perviously signalled, $4-$5m to commence work on the mine. Should be an interesting week ahead.

[GR8DAY]

....they might have my name on them already Tanger! " buy n hold" on this one me thinks. At current prices a 1/3 of a cent rise (or fall) equates to about a 10% gain (or loss)....which way is up??

[Paint it Black]

Will be interesting to see if they get snapped up on Monday morning. Nothing in the media this weekend re the company's comments about expecting the permit by the end of this week. Suspect once that gets announced we'll see another little lift. Challenge for the company though still remains getting the JV or as perviously signalled, $4-$5m to commence work on the mine. Should be an interesting week ahead.

Yes the Herald Business NZX summary page never includes HGD in the daily top 10 rises (or falls) if it has a good (or bad) day while the ASX listing includes all resource stocks no matter what their SP is. HGD would probably have been the best gainer on Friday and the week and it would have created some excellent exposure. If the ASX has all stocks eligible why not the NZX?

[Tanger]

Someone has snapped up most of those shares at 3.4c. Will be interesting to see if it pushes on today.

[Jess9]

Hi Jess9,

You would hope HGD management have been working hard to secure a JV arrangement to coincide with the mining permit approval.

There is less than 3 weeks for the current options to be converted so you could expect some significant news beforehand if there is to be any chance of a successful uptake.

IMO they have left it too late for a 'run on' the options, but who knows what will happen if any significant announcements regarding the permit and a JV partner are made in the next week.

They will need cash sometime very soon!

Cheers
BP:)

...maybe just in the nick of time (knock on wood etc). HGD could run hard and fast if the news is good this week. Would be a nice way for the coy to get some cash in quick. Fingers double x'd then : )

[Tanger]

Sellers are now starting to thin out a bit. Suspect those that have been selling have been the ones that got in around 1c not so long ago and are happy to bank the gains. Hopefully now they are all gone and the price can start to move. I'm with you Jess, everything is crossed for some more good news this week.

[Jess9]

a few AUS sellers are picking 10c plus, oh this would be nice : )

[GR8DAY]

.....bugger, got distracted and missed out (again)! All good ooo

[Crypto Crude]

Jess-IMO alot of medium tiers will be looking to add resource with gold above 1K, and HGD are able to do this...200Kto2MOZ IS WHAT IS THERE (200K) AND PROJECTED (2M) plus a load of silver.

hey Jess,
thats a whole lot of value for an 8million capped company...

what do you think HGD will be trading at after Mining permit approval?

Bit of a gap opening up between HGD and HTM...
very interested to see what happens on ASX open...
should be a gap up as my screen shows HGD buyers at 3.7c and sellers at 3.8c...
:cool:
.^sc

[GR8DAY]

.....oops dat d=ont make sense even to me....key board= mal=unction!

[Jess9]

hey Jess,
thats a whole lot of value for an 8million capped company...

what do you think HGD will be trading at after Mining permit approval?

Bit of a gap opening up between HGD and HTM...
very interested to see what happens on ASX open...
should be a gap up as my screen shows HGD buyers at 3.7c and sellers at 3.8c...
:cool:
.^sc

Hi SC. There are just too many variables at present.

My gut feel however is 10-20c is an achievable short term range if HGD gets a few things in the bag (these being the often discussed permit and JV/funding - and the overall deal is fair i.e. they retain a decent whack of the new permit).

So 10-20 near term if these items come in and the deal is good.

There is also a lot of blue sky potential that could build on the above depending on size and timing of resource upgrades.

Also remember HGD holds 33% of Broken Hill Cobolt limited. This investment is a sleeper to date on there books (cost less accumulated losses) and could add extra value quick when it is revalued or listed (IPO was canned last year due to markets).

[Jess9]

Nice up move on overall neg market. Bit more positive action over the next few days and the options may even kick off again! Holding a few HTMOA and HGDOB with high hopes : )

[Cannibal]

Hmm - no interest at 2.5 cents on the ASX...

[Jess9]

Agree, need to see good volume on both sides. The market next needs more than just a few words in the quarterly...

[Crypto Crude]

thanks Jess,
yeah I go along with that...
10-20c target is what I will wait for...
prob wait closer to 20 if it eventuates:)
Before I bought HGD I did have a look at HTMOA...
the major offput is they expire in 18 days from now...
at expiration price I think of 8cents,
Id be making a 4-5 bagger on the heads, so got to be happy
happy regardless of what happens...
:cool:
.^sc

[Tanger]

Given the words they did use in the quarterly, I would expect them to be 99.9% sure that the permit is being issued this week. As for news on JV/other news (capital raising?), that is still a guessing game.

[JBmurc]

thanks Jess,
yeah I go along with that...
10-20c target is what I will wait for...
prob wait closer to 20 if it eventuates:)
Before I bought HGD I did have a look at HTMOA...
the major offput is they expire in 18 days from now...
at expiration price I think of 8cents,
Id be making a 4-5 bagger on the heads, so got to be happy
happy regardless of what happens...
:cool:
.^sc

hmm I hope for your guys sake they get their permit HGD must be getting down to their last couple thousand dollars ,so you guys reakon they'll fly if they recieve the permit are the grades really good.
the HTMOA be the only chance to increase cash ? outside cap raising from you loyal shareholders

[Aotea]

Interesting to see the discrepancy between the SP of HGD and HTM:ASX??
I guess HTM will move once word is out about the MP grant...
Looking forward to the pending jump, and wouldnt be too surprised if Newmont doesnt have an interest!

[Jess9]

Volume picking up in AUS. 10m plus needed for re-rate territory however. That said close again over 2.5c looking likely and good on the chart : )

[jonu]

Rising against an out going tide in OZ today, they're getting hammered worse than us today.

[ScrappyO]

hmm I hope for your guys sake they get their permit HGD must be getting down to their last couple thousand dollars ,so you guys reakon they'll fly if they recieve the permit are the grades really good.
the HTMOA be the only chance to increase cash ? outside cap raising from you loyal shareholders

If they were to do a jv surely it would be in their interest to also receive cash. 4-5million to start up production doesn't sound like a lot of money these days. Especially if they are wanting to produce 10000oz to 50000oz a year intially.

[ScrappyO]

Someone has snapped up most of those shares at 3.4c. Will be interesting to see if it pushes on today.

Makes my average a lot better :D

[GR8DAY]

.....JBmurc theyve stil got over 460k in da bank.....plus revenue from Cobalt and dont seem to be burning much cash at da mo,,,,,shud be ok for a while in that regard I think. Good to see these "modest" daily rises of only 20-25%.....nothing tooooo silly (yet). 12c will be upon us again b4 you know it.

[Tanger]

Trades worth NZ$34k through on the NZX today, and now that the market has closed, starting to run a bit on the ASX with trades of AUS$52k. Price on ASX now up to 3.1c and closing on NZX was 3.7c. It is still flying under the radar, and should continue to do so until some "news" is released to the market. Exciting times

[jonu]

Sellers are pretty thin in OZ too so could be good for a hike there.

[Crypto Crude]

I gave Heritage a bit of a pump on HC earlier...
that did the trick;)...
well, someone has been buying up...
now that bought the market valuations on the two exchanges more inline, justifying the early rise on the NZX today...
great...
Heritage is about to embark on a new era...
forget about the past...
:cool:
.^sc

[Aotea]

Love you style Shrewd Crude...its good times for HGD/HTM now. Finally...

[Crypto Crude]

hey Aotea,
this ones just for you...
http://www.sjgs.com/spot.gif

JessicaRabbit who holds half a mill CUE just took a big chomp at HTM....

[JBmurc]

I gave Heritage a bit of a pump on HC earlier...
that did the trick;)...
well, someone has been buying up...
now that bought the market valuations on the two exchanges more inline, justifying the early rise on the NZX today...
great...
Heritage is about to embark on a new era...
forget about the past...
:cool:
.^sc

Yeah thanks mate I placed a 400k order at .2.5c should have paid the 2.7c going oh well see what happens tomorrow may well be happy I didn't buy if the permit is rejected

[Crypto Crude]

From my understanding its in the bag, right?
:cool:
.^sc

[ScrappyO]

From my understanding its in the bag, right?
:cool:
.^sc

Nothing has come up in the last year for it not to be....so yeah...its in the bag.
It's a matter of when. :D

[JBmurc]

From my understanding its in the bag, right?
:cool:
.^sc

If it's not HGD will be .

[ScrappyO]

If it's not HGD will be .

Cmon JB you just don't want Shrewd to beat your PEN. LOL :D

[skeet]

Doesn't seem like any of the directors are acquiring any more stock, in the low 2c range last week wouldn't that have seemed like a perfect time to acquire some more stock if you thought this permit was to go through??

p.s Probably should have asked first but when a directors buys shares does this have to be made public knowledge??

[ScrappyO]

Doesn't seem like any of the directors are acquiring any more stock, in the low 2c range last week wouldn't that have seemed like a perfect time to acquire some more stock if you thought this permit was to go through??

p.s Probably should have asked first but when a directors buys shares does this have to be made public knowledge??

That may seem like insider trading thou. Since they do know all the details.

[Oiler]

Yeah thanks mate I placed a 400k order at .2.5c should have paid the 2.7c going oh well see what happens tomorrow may well be happy I didn't buy if the permit is rejected

JB. The permit wont be rejected ;);) There maybe strings attached but that goes with the territory. It was very clear to me after listening and talking to the directors at the AGM this year that a permit will be issued.

As for there cash position, dont be surprised to hear that the Grigor/Hill combo buy another gold company and roll it under the HGD banner and come up with some additional cash. The market has not been very kind to HGD over the last year due to long winded process of trying to get a mining permit through our bureaucratic govt agency. The Grigor/Hill directors are very shrewd operators ;) Watch this space.

[Jess9]

Gold just hit 1,050 again : )

A crack at 1,100 this week could add a tail wind to any move : )

[Stumpynuts]

Ooooh, I'm feeling good vibes from HGD. I bought into them a few years back when they were trading at around the 5-6c mark, and would actually like to see a return for a change......
It would also be very interesting to see whether or not this was only the start of the floodgates opening for gold mining in NZ? It has been very well publicised that the National Govt. makes no secret about wanting to tap into unearthed gold deposits around the country.

*Step 5 - Rub hands with possible glee and think happy thoughts*

[BAPP]

JB. The permit wont be rejected ;);) There maybe strings attached but that goes with the territory. It was very clear to me after listening and talking to the directors at the AGM this year that a permit will be issued.

As for there cash position, dont be surprised to hear that the Grigor/Hill combo buy another gold company and roll it under the HGD banner and come up with some additional cash. The market has not been very kind to HGD over the last year due to long winded process of trying to get a mining permit through our bureaucratic govt agency. The Grigor/Hill directors are very shrewd operators ;) Watch this space.

Hi Oiler,

I've be thinking along similar lines....:)

Both Hill & Grigor have their 'fingers in many pies', so I'm sure they'll have a plan.

However my question is ... will their plans significantly benefit the existing shareholders who have held shares for many years?...

... and will any plans be in time for a successful conversion of the options?

I hope so!

BP:)

[Tanger]

Will be interesting to see if the momentum continues tomorrow. A couple of good days has seen the price go from 2.5c to 3.7c on the NZX. Will it take a pause tomorrow, or keep on rising?? While the permit is important, HGD is going to need to find cash in order to progress the mining operation. Hopefully the permit will be a catalyst for either a JV partner or investor confidence so they can start getting some of the shinny stuff out of the ground

[Jess9]

Hi see Dow is up and gold has added another $10/oz, now at 1,060 again. Good start to the day and for those shiney coy's ; )

[Jess9]

Looking at depth on ASX and NZX, nice to see some sells heading near and over 10c + . If oppies get uptaken there will be good funding for kicking of Talisman AND at much less dilution than any cap raising. Agree a nice "positive" trading halt announcement pending would be great : ) Finger x'd

[Tanger]

So, options close on the 20th of November. Therefore the countdown is on. 14 trading days to go, and the shareprice needs to move 6.3c for them to be at 10c. That's only .5c per day - easy :) I suspect you are right, we might need a trading halt and positive announcement to get there, but it is going to be a fun few weeks.

[blackcap]

Did close down in Aus at the end ppl. So will be interesting what happens today. I still hold some from ages ago, was tempted to sell out at 2 cents a month back but glad I didnt. Anything over 6 and they go though.... :)

[Year of the Tiger]

So, options close on the 20th of November. Therefore the countdown is on. 14 trading days to go, and the shareprice needs to move 6.3c for them to be at 10c. That's only .5c per day - easy :) I suspect you are right, we might need a trading halt and positive announcement to get there, but it is going to be a fun few weeks.

I currently hold some of the options that are due for conversion on 20 Nov at a rate of NZ0.10cent.

Can someone explain to me the advantage of converting these in the event that the share price reaches 10 cents in the next couple of weeks?

My thinking is that if I really wanted to buy this number of shares, why would I not buy them today at .037cents?

Maybe I'm missing something here. :o

YOTT

[Tanger]

Blackcap, per the trades on stocknessmonster the trade that pulled HTM back at the end of the day was 1 share at 2.8c. Not sure if someone is playing games.

[GR8DAY]

...thats right Tanger and it's easily done and done for only one reason I believe....there's a serious buyer out there (or a past seller who now realizes his mistake and wants to buy back in). Buy/hold/accumulate. My recommendation: simple, dont sell and just sit back and watch that price climb back to where it once was not so very long ago. Given the current gold price holding and rising the in ground resource alone has the potential alone to be worth at least twice the current SP (in my opinion)

[BAPP]

I currently hold some of the options that are due for conversion on 20 Nov at a rate of NZ0.10cent.

Can someone explain to me the advantage of converting these in the event that the share price reaches 10 cents in the next couple of weeks?

My thinking is that if I really wanted to buy this number of shares, why would I not buy them today at .037cents?

Maybe I'm missing something here. :o

YOTT

YOTT,
You're not missing anything... if you want more shares then buy now.... the only reason you would convert your options is if the share price went well over 10c (ie: 13c or more) before the 17th Nov.

That would be nice... but I think it is unlikely:)

BP

[Jess9]

I currently hold some of the options that are due for conversion on 20 Nov at a rate of NZ0.10cent.

Can someone explain to me the advantage of converting these in the event that the share price reaches 10 cents in the next couple of weeks?

My thinking is that if I really wanted to buy this number of shares, why would I not buy them today at .037cents?

Maybe I'm missing something here. :o

YOTT

Holding gives you an choice (options) to buy at a fixed rate by a set point in time, even when the share price maybe a lot higher. Lets say HGD spikes on good news and settles around 15c per share. Your options are now worth 5c each (10-20 bagger) depending on purchase/holding cost. Buying options at say .2-3c would look very good in terms of a return. short dated options can offer very good leverage but only AFTER the strike price is exceeded. Downside is that thaey can also exprire below. Options could be a lucrative punt IF HGD heads through 10c soon on good news.

They are quoted: HTMOA on ASX, and HGDOB on NZX.

[Jess9]

BAP's right. Heads are a safer bet now. Especially as we have no news yet released.

[Jess9]

NZX shows 737K through already 925am "in", VWAP 3.6c

[Ponda]

Finally HGD is starting to get the attention of a few.
Great to see so many new names coming onto this thread.
Even tho the HTM dropped to 2.8 from the intraday high of 3.3 it still ended up 12% higher for the day.

Jess9 those early trades on HGD do look interesting. Who, why,???
As you say gold up overnight.
Lets bring on a new day.

[Tanger]

Two trades showing up on stocknessmonster this morning. Both listed as "International". 400,000 at 3.4c and 337,000 at 3.9c. Will be interesting to watch this morning. Looks like a few more might be waking up to this stock now.

[ScrappyO]

And where off to a good start.........

[Tanger]

ha ha, that didn't take long to get the .5c uplift we need each day to get the share price to 10c before the option exercise date.

[stone small green]

well, it seemed that I made a good decision to jump in at 4.2c

[GR8DAY]

.....what did I say!! Hope your'e all piling into this thing (1 mill equals 10 grand per cent, either way).....we aint seen noth'n yet. It wont be long and we should see the SP climbing in whole cents ....roll on back up to 12c please.

[ScrappyO]

HTM starting to build up on the buy side. Should be a good on the otherside of the ditch.

[whatsup]

QUESTION,
Are punters/investors today BUYING with investment knowledge or punters expectation?

[ScrappyO]

Anybody had any correspondence with management at all. ?

[GR8DAY]

Heritage has been hammered over the last few years due to lack of information and direction. For us "long-term" investors that is all about to change (albiet just one of several stages). For you"punters" and "first time HGD investors".....grab what you can at these low prices....some of us olders HGDers were paying 6/8/12c a couple or few years back. SP just playing catch up but now supported with some positive direction.

[Jess9]

QUESTION,
Are punters/investors today BUYING with investment knowledge or punters expectation?



Good question.

Watch volumes. 10m plus would be rather postive market signal, heading into re-rate territory then.

[A J]

Bought in at .020 a while back, going well and my parcel is now up 120%. Only a small amount though but that's ok, normally I aim for 290 baggers but will have to aim a little lower this time :D.

Cheers
Aaron

[Jess9]

Options? They can do the right thing, on occasion ; )

[Tanger]

No decent size sellers at current levels. They are now lining up in the 7-10c range. Buyers lining up on the ASX at opening. Would be nice to see 10m move in a day, but for that to happen, someone needs to offload that amount of shares, and most seem to be holding at the moment. Good luck to all.

[Jess9]

The test is certainly volume on rising price, as holders turn over and expectation of further increases continue (fingers x'd ; )

Gold at 1060 is new for HGD. This hasn't been factored into the share price, till now. IMO due to past lack of movement at Talisman.

[Jess9]

Really need a good solid announcement 1st. As Whatsup notes, rather a good rise on solid progress, than anticipation and speculation.

[Ponda]

This is not going to take much to move.
The guy who has just put an order in for 26,000 at 4.6 for $1200 could have put an order in 'at market' for the same dollar value and taken out the 4.8 and got some at 4.9.
If, as expected (hoped) the SP gets to 10 cents on the granting of the mining permit, they could double their money in a week.
Mmmmm, now where is that money box???

[A J]

I bought head shares around early March, it's just been a patience thing.

Looking forward to announcements / developments.

Cheers
Aaron

[stone small green]

wonder how htm will perform on the aussie side today..

[TTrader]

7500AUD set to trade at ASX open... Will be interesting to compare today's levels to that of yesterday esp with the Melbourne Cup on.

4.9c a share now on NZX... Looking good :)

[Ponda]

Todays a good day for me.!!!
For the first time since the 2nd February 2007 I have finally got a green arrow beside HGD.
Very happy with that.

[Jess9]

7500AUD set to trade at ASX open... Will be interesting to compare today's levels to that of yesterday esp with the Melbourne Cup on.

4.9c a share now on NZX... Looking good :)

Big gap, equalivent to 3.8c NZ still?

[stone small green]

volume was alomost 3m yesterday at asx. wasn't it?

be good to see if it exceeds today.

[GR8DAY]

.....Snap! & congratulations for hanging in there Ponda. I think we may well be rewarded now for our loyalty.....pleased I didnt (and won't) bail like some. So long as we keep getting these "modest" 20-25% daily gains for a while yet I'll be happy!

[TTrader]

Big gap, equalivent to 3.8c NZ still?

Yeah 0.038-0.039...

Can see the level of sellers is spreading out on the NZX now... Trade should slow a little for now.

[Ponda]

Thanks GR8DAY, I will be holding for a while yet.
But i haven't been around as long as some.

Remeber this post below, dated 08/04/04 Page one on this thread.
Well done you for hanging in there.



own a few myself.......gotta' be one of the best ( if not THE best) performing stocks so far this year.....and that's on no big news?
what's gonna' happen when THE real news is released? (like confirmation of increased gold reserves....oops...and maybe a positive settlement re: coromandel)
didn't an asian group very recently buy big time into this little co.??? maybe someone could confirm this with a bit of info' on who the group is and could they know more than jo kiwi does on Heritage?

[jonu]

Oz looking set to jump too, with sellers thin

[BAPP]

If the sellers can hold their 'nerve'.. maybe the option holders will be in the money before expiry date (at this rate anyway!)

Lets hope the momentum keeps going and a positive announcement takes us to a double digit share price.

Good luck to everyone who has been waiting patiently over many years.

Cheers
BP:)

[whatsup]

If the sellers can hold their 'nerve'.. maybe the option holders will be in the money before expiry date (at this rate anyway!)

Lets hope the momentum keeps going and a positive announcement takes us to a double digit share price.

Good luck to everyone who has been waiting patiently over many years.

Cheers
BP:)

BAP, Options sold today , some ones brave $2000 worth traded.

[Jess9]

Looking like an equalivent opening on ASX. Nice to see it moving in tandem and on decent volume. Oppies could well be in the money if these carries through. Be a great result for the coy if they get a successful uptake!

[upside_umop]

Thought i'd help you guys out and bought a couple hundred k on the asx ;)

Maybe some more...later

[Tanger]

There is now a buyer for the options on the NZX at .1c People obviously think this is going to run quite a bit more yet. This has so much more potential. The real shame is those people that are exiting now. I've held this stock for a number of years and am keen to see it through.

[Aotea]

Well done to those who have holded through the tough-times...I bought in last November and have been patient..Looks like the goodness is coming to those who wait!

[stone small green]

surprised about the volume in the asx, and it just opened.!

[whatsup]

surprised about the volume in the asx, and it just opened.!

Be careful when buying there very much a day traders market and they trade for .001 on a trade.

[stone small green]

There is now a buyer for the options on the NZX at .1c People obviously think this is going to run quite a bit more yet. This has so much more potential. The real shame is those people that are exiting now. I've held this stock for a number of years and am keen to see it through.

well, for people that are exiting now, they did a good thing by opening the door for us who want to go in:)

[whatsup]

DARN DARN darn at least for now.

[stone small green]

Be careful when buying there very much a day traders market and they trade for .001 on a trade.

looks like I've finally found a good place to do day trade.
thanks, whatsup.:cool:

[GR8DAY]

......not that there's many sellers under 6c. Let the fools exit I say.....we dont want them on the register anyway. Oz up a steady 25% on good volume.

[Jess9]

Steady appreciation is good. Most investors would be more than happy with 20-30% per day for a short period of time, until the price rebalances.

[Stumpynuts]

SP sell offer at 5.1c..... the last time I looked.

prosperous?

[whatsup]

SP sell offer at 5.1c..... the last time I looked.

prosperous?

In this market its the BUY price you should be looking at and also the buy depth!

[JBmurc]

In this market its the BUY price you should be looking at and also the buy depth!

Yeah I notice the ASX : HTM bid now at 2.8c buying pressure running out watch the sellers get fearfull 250,000 sell at 3.5c going need some real proof to get those opts in the ex. price

want HGD still need ...

• Grant of Mining Permit
• Obtain resource consents
• Negotiate access with DOC
• Scope and commence mine development
• Continue resource definition drilling
• Ongoing surface exploration
• Commence production

going keep an eye on HTM but think I'll wait till capital raising costs are better known or of J.V partners

[jonu]

Seems to me there must be at least 2 parties with a vested interest in getting the sp to 10c or better. The company itself to pickup the cash, and the options holders. Directors could bump the price to close enough and then the option holders would kick in too. All very tight timing with the expiry fast approaching but perfectly feasible to me.

Discl; hold 250k hgd

[Ponda]

Well how about that 'nervous nellie'
Dropped 200,000 at 4 cents.
I think thats good as it goes into a stronger hand, but it does put me back with that all to common red arrow teritory

[GR8DAY]

....yea mate only takes one short sighted drop-kick to blow it for a while. Still, good luck to the clever one that picked them up for 4c. I think he'll be laughing in the not-too-distant future. Personally I''d now be feeling a bit sick to have bailed for a couple of k quick profit....peanuts in the scheme of things.

[stone small green]

....yea mate only takes one short sighted drop-kick to blow it for a while. Still, good luck to the clever one that picked them up for 4c. I think he'll be laughing in the not-too-distant future. Personally I''d now be feeling a bit sick to have bailed for a couple of k quick profit....peanuts in the scheme of things.

just hoping the announcement would come sooner:D

[Ponda]

and now back to 4.5,
Man, I've got to get a life!!!

[Ayrton]

hahaha, me too, been watching all day.

[Tanger]

And just to complicate things, another 500,000 options have traded. I would have thought a little early to be taking a punt on the options having some value!!! But then again, anything is possible.

[Jess9]

Gold price is at 1065 now, crack at 1070 next? Attempting a new high next? Great for goldies!

[whatsup]

....yea mate only takes one short sighted drop-kick to blow it for a while. Still, good luck to the clever one that picked them up for 4c. I think he'll be laughing in the not-too-distant future. Personally I''d now be feeling a bit sick to have bailed for a couple of k quick profit....peanuts in the scheme of things.

Dont forget that Aussie is closed today ( more or less) Melb Cup, S Market has no interest after 12.00 their time!!!

[ScrappyO]

speeding ticket. Haha

[Cannibal]

Oops - false alarm?

HGD
03/11/2009
S/PRICE

REL: 1607 HRS Heritage Gold NZ Limited

S/PRICE: HGD: Price and Volume Query from the ASX

3 November 2009

ASX Limited
Level 8
Exchange Plaza
2 The Esplanade
Perth WA 6000

PRICE AND VOLUME QUERY

We respond to your letter of today as follows:

1. Heritage is not aware of any information concerning it that has not
been announced, which if known, could be an explanation for recent trading in
the securities of the Company.

2. We note that our annual meeting was held on 25 September 2009 where
the importance of the Talisman mining permit application was noted and that
the Company was considering various fundraising options. Our quarterly
activities report for the period to 30 September 2009 was released to the
market last Thursday 29 October. This report discloses, among other things,
an update in respect of the Mining Permit Application to Crown Minerals Group
over the Talisman and Dominion Knoll exploration permits.

3. Heritage believes it is in full compliance with the listing rules, in particular listing rule 3.1

[stone small green]

Oops - false alarm?

HGD
03/11/2009
S/PRICE

REL: 1607 HRS Heritage Gold NZ Limited

S/PRICE: HGD: Price and Volume Query from the ASX

3 November 2009

ASX Limited
Level 8
Exchange Plaza
2 The Esplanade
Perth WA 6000

PRICE AND VOLUME QUERY

We respond to your letter of today as follows:

1. Heritage is not aware of any information concerning it that has not
been announced, which if known, could be an explanation for recent trading in
the securities of the Company.

2. We note that our annual meeting was held on 25 September 2009 where
the importance of the Talisman mining permit application was noted and that
the Company was considering various fundraising options. Our quarterly
activities report for the period to 30 September 2009 was released to the
market last Thursday 29 October. This report discloses, among other things,
an update in respect of the Mining Permit Application to Crown Minerals Group
over the Talisman and Dominion Knoll exploration permits.

3. Heritage believes it is in full compliance with the listing rules, in particular listing rule 3.1


I guess would they trying to say is that, 'we haven't said anything, it's just your imagnation.'


:eek:

[stone small green]

now we should start thinking the bad side of things....

[Tanger]

Why, everything is consistent with the facts as have previously been announced. It isn't up to the company to speculate why the share price is going up (ha ha, that is for forums like this!).

[ScrappyO]

Oops - false alarm?

HGD
03/11/2009
S/PRICE

REL: 1607 HRS Heritage Gold NZ Limited

S/PRICE: HGD: Price and Volume Query from the ASX

3 November 2009

ASX Limited
Level 8
Exchange Plaza
2 The Esplanade
Perth WA 6000

PRICE AND VOLUME QUERY

We respond to your letter of today as follows:

1. Heritage is not aware of any information concerning it that has not
been announced, which if known, could be an explanation for recent trading in
the securities of the Company.

2. We note that our annual meeting was held on 25 September 2009 where
the importance of the Talisman mining permit application was noted and that
the Company was considering various fundraising options. Our quarterly
activities report for the period to 30 September 2009 was released to the
market last Thursday 29 October. This report discloses, among other things,
an update in respect of the Mining Permit Application to Crown Minerals Group
over the Talisman and Dominion Knoll exploration permits.

3. Heritage believes it is in full compliance with the listing rules, in particular listing rule 3.1

I see this as a positive because they have highlighted what we are waiting for.

"This report discloses, among other things,
an update in respect of the Mining Permit Application to Crown Minerals Group
over the Talisman and Dominion Knoll exploration permits."

[Glendoonie]

well, it seemed that I made a good decision to jump in at 4.2c
Still seems that way to me
G

[GR8DAY]

.....yes guys n gals the ASX notice and 2 minute halt to trading is a good thing, as you say ScappyO....confirmation in respect of the Crown Minerals mining permit. The ASX shud have read HGMs latest report before jumping the gun. The sudden interest and price rise is to now be expected.....just some well overdue action. Another good day of re-rating.....nothing tooo silly. Silly could be yet to come.

[Jess9]

Well said.

[Jess9]

Gold smashed into news highs last night.

Up 20 / oz over night - and not due to fall is USD.

India central bank bought 200 tonnes of IMF gold.

This is big.

Gold set to move into new highs from here (1200-1500 range??). Awesome backdrop for all goldies next!!!

Ducks are lining up very favorable for Heritage. Any coy with in ground resource or ability to quickly add to their resource could re-rate fast if undervalued if gold follows through on above news and change in investor sentiment. New money will flow into the gold sector. Next gold rush here now!?

Happy days : )

[Jess9]

http://www.businessday.co.za/articles/Content.aspx?id=85875

[GR8DAY]

6c today......half way back to where they were 3yrs ago with very little in the way of HGDs current potential. Directors shud be happier re: option conversion....cud still happen.....must just check my bottom draw.

[BAPP]

Sounds like there might be a few people anxiously watching their computer screens over the next day or two!:D

Cheers
BP:)

[GR8DAY]

.....I agree BAP. Im never going to get this damned bathroom finished if this keeps up.....then again if it does I might just be able to pay someone to finish it.........in fact I might be able to just put a bully through the friggn' old place & start again!!

[Tanger]

last four closings have been 2.7, 3.2, 3.7, 4.4. Will be interesting to see if it can keep up the momentum today. Suspect that it is due a little breather without any more news today. But I would love to be proved wrong. With gold going to almost US$1,080 perhaps a few more might stumble upon HGD.

[GR8DAY]

....do your sums, 12c b4 you know it! Add to that the EVER INCREASING likelyhood of a JV surfacing because of rising GoldPrice.(in fact HGD will probably be in a position soon to pik ' choose who they want onboard) ....now there's a turnaround for the books!

[Aotea]

....do your sums, 12c b4 you know it! Add to that the EVER INCREASING likelyhood of a JV surfacing because of rising GoldPrice.(in fact HGD will probably be in a position soon to pik ' choose who they want onboard) ....now there's a turnaround for the books!

I agree, 12c is very realistic, especially given the shallow leads..little investment before solid returns...

[stone small green]

wonder if china will do something like buying huge amount of gold like india since their demand is so high,

[blackcap]

Great to see all the euphoria, just sold some at 5 cents, will sell some more at 12 and then shall see. Expect it to be below 5 cents again in a years time. These things come and go away. But make money while you can and be very careful.

[Glendoonie]

Great to see all the euphoria, just sold some at 5 cents, will sell some more at 12 and then shall see. Expect it to be below 5 cents again in a years time. These things come and go away. But make money while you can and be very careful.
I bought my very first HGD at approx 5 cents yonks ago. Those days are past history, but hang on til 12 cents? Hmmm, that would take some fortitude.

G

[Aotea]

There is more chance they will be $1 in a years time than 5c one suspects....

[GR8DAY]

......I reiterate, Mineral Resouces ( Martha Mine, right next door to HGDs sites) sat around 16c PRE-Production for a couple of years b4 climbing through to $2.80 once full production got under way. Start thinkn' those numbers folks and you wont be hitting any "sell" button just yet!

[Ponda]

All interesting stuff. Have just been having a read over the first 10 or so pages of this thread.
Gold at that time was $673 an ounce!!!

The below quote is dated 21st July 2006



Just shot up to 6.5 cents.. 10.2% gain.. not bad..down 11.1% on the ASX though at 4cents.

We aren't even back to those days yet.
Some interesting names who were there then are still here now.

Good luck all HGD holders. I picked some more up today for a friend and I think she'll kill me if it doesn't reach 10 cents by tonight LOL

[STRAT]

Glad to see this one finally starting to pay off for yall. Especially Jess, Bap who have shown Saint like patience :D

[Ponda]

HELP!!!!

Is it realistic to expect the mining permit to be granted this week?

Looking at the Quarterly report this what it says about the MP


"Mining Permit Application
The Company's application for a Mining Permit over its Talisman and Dominion
Knoll exploration permits is in the final stages of processing by Crown
Minerals Group (CMG).

The final conditions for the permit are expected to be settled within a week.

So..... does that mean that HGD are working on the 'final conditions' so that they are met by the end of the week. They then submit confirmation that they have done the work. Ministry of Economic Development then sit down and check that the conditions have been met and then make a decision as to whether or not to issue permit.

If that is the case then any announcement could be delayed as to and when MoED decide to grant the permit.

Just my Ponderings, any other ideas

[stone small green]

I know most of us are positive,
but has anyone thought of anything that could happen

if the permit does not pass through

[GR8DAY]

.....the attached conditions to get the permit thru should all be settled within a week....reads pretty clear to me. If the conditions are met as they are indicating ...it's in the bag. Couldnt imagine them making a claim like that without near absolute certainty. They are saying they were given conditions to meet and that they have now more or less met those conditions.

[Tanger]

I'll leave it to those more qualified than myself to come up with the correct answer, but I've just had a look at a couple of the mining permits that have been granted recently, and they are issued with a "work programme" detailing what will be done and by when. Perhaps they could be the conditions they are talking about. If it is, then I'd suspect that this wouldn't hold up the issue once they were agreed.

[Ponda]

I to am really confident that the permit will go through, I'm just not sure that it will be by the end of the week. I wouldn't be surprised if it takes another week or so.
Just looking over the last couple of posts that I have done has a negitive undertone to it. Sorry for that.
I am a firm believer of HGD and believe that it will make us all alot of money in the not to distant future

[stone small green]

I to am really confident that the permit will go through, I'm just not sure that it will be by the end of the week. I wouldn't be surprised if it takes another week or so.
Just looking over the last couple of posts that I have done has a negitive undertone to it. Sorry for that.
I am a firm believer of HGD and believe that it will make us all alot of money in the not to distant future

that's what we hope to happen:D

[GR8DAY]

.....no longer "if" but "when". The gutless are throwing up another good opportunity to buy in NZ ( another million perhaps) .....ozzy looking firm, up around 10%.

[Aotea]

I'll leave it to those more qualified than myself to come up with the correct answer, but I've just had a look at a couple of the mining permits that have been granted recently, and they are issued with a "work programme" detailing what will be done and by when. Perhaps they could be the conditions they are talking about. If it is, then I'd suspect that this wouldn't hold up the issue once they were agreed.

Im with Tanger on this one..have had a fair bit of experience dealing with both Crown Minerals and Regional Councils in the mining world. It is an agreeance on the wording i.e work programme etc rather than a requirement to carry out a specifiec task and report back to CM.

[jonu]

Allowing for the exchange rate Oz is now trading very close to same price. Have to wonder if a lot of the activity over there is NZ based. Might explain the flat nature of our bid side this morning.

[Tanger]

Righto, this has been fun watching the last week or so. HGD made the announcement (as expected) that the permit wasn't far away to coincidently coincide with the impending rights expiring. Now that has generated a bit of interest and the price has climbed steadily. However, it is just about running out of puff, so, if I was a betting man, I'd place a dollar or two that they are currently on the phone with Crown Minerals finalising the permit and we should see an announcement tomorrow. They will be banking on this giving it another lift. If they hold any more cards up their sleves, then no doubt they will hold those until next week and release once the next wave slows down. And hey presto, the rights will be in the money and will all get taken up. Of course, this is all crystal ball gazing and should not be read as gospel!!

[GR8DAY]

.....then again Tanger you cud be absolutely right. Might even be this afternoon. Watch this space.

[stone small green]

.....then again Tanger you cud be absolutely right. Might even be this afternoon. Watch this space.

tomorrow is more like it.. could imagine it now.:D

"NZX Regulation advises that, at the request of the company, it has placed a trading halt
on HGD securities. HGD is listed on the NZSX market. The trading halt has been placed pending a material announcement."

[GR8DAY]

.....careful SSG, you might get someone so excited at the prospect they take all the sellers out and we end up at my predicted 12c! ....and we wud miss the chance to continue accumulating at current prices. (gotta get my average down somehow!) LOL

[Jess9]

Gotta love the surges this thing is doing. 1,100 over night?? Not far now. Just need this to translate into renewed interest in goldies next. If these moves continue it will come and maybe in a rush.

[corporateraider]

And so it seems that the mining license will come this week- but where to from there?

Recently OGC raised 20 million for drilling and yet it appeared that they could fund this from sashflow. Does this form part of the answer?

[GR8DAY]

....yes GP continues to rally, touching $1100 overnight. All n all a good day of consolidation for HGD.....new(recent) highs and good support found at the 4.2/4.5 level. Ill be very surprised if we ever see sub 4c again esp. in light of GP strength. Personally I believe as this "claytons" recovery is exposed we will see the GP continue to head north. Ozzy (HTM) did well ystday putting on over 6%. Could be another interesting day for all goldies but esp. HGD. Back to the bathroom.

[clarky]

slow day as investors await the announcement. can't complain though after the exciting week we've had. with the announcement coming today or tomorrow (according to quarterly) it should erupt with excitement as everyone gets on the money train. patience may certainly pay off with this share as it has been a long wait with over a year of waiting/wondering if/when a permit may be issued.

[Aotea]

Dont want to add to the speculation in any way either positively or not, but there is a change on the Crown Minerals GIS permit webmaps over the HGD claim that wasnt there this morning...not sure what it means, as it is different to any graphic I have seen on the webmap before...

[Aotea]

Yellow outline around that permit boundary is now gone...who knows whats happening there.

[tobo]

what is the change?
It looks a pretty simple map - green with red border and 51326 written in red (and split in 2 parts with black lines - 40081 and 40521)

[Aotea]

It originally had a full yellow outline, then refreshed site and checked and it was a partial yellow, and then five minutes later it was as you described again...

[tobo]

just looked at half dozen others that are also not yet granted and all have red outline ... so maybe they just changed their formatting. Mean trick?

I notice the sometimes they release several permits clustered or all on same day and then nothing for weeks.
Last one was 2 Nov. Still doesn't help as could interpret either way.

[Aotea]

just looked at half dozen others that are also not yet granted and all have red outline ... so maybe they just changed their formatting. Mean trick?

I notice the sometimes they release several permits clustered or all on same day and then nothing for weeks.
Last one was 2 Nov. Still doesn't help as could interpret either way.

Thats one mean trick...it was earlier this morning as it is now, but then had a yellow outline. I logged off, and then rechecked twoce after and it had a partial yellow...and now it is as it was this morning???

[Tanger]

People losing patience now on the NZX. Let's hope they come to regret it!!

[stone small green]

People losing patience now on the NZX. Let's hope they come to regret it!!

it's either they regret it or we regret it!

I hope regreting is the last thing i want to do:cool:

[Cannibal]

Same on the ASX...

[stone small green]

it has to have a rest at some stage anyway..

[Ponda]

Not a biggie, I don't think.
Why?
If they had bought the shares in the last few days at, say, 3.4 cents T+3 means that they are going to have to pay for them today. They may have been banking on an announcement by now which would have then covered them quite nicely.
As it stands re the last sale:
153,000 purchase at 3.4 = $5202
153,000 sale at 3.7 = $5661

Profit $459 for a few days. May not the desired result for them but they may have been forced to due to circumstances.
But must admit had heart in mouth and blowing smoke rings out the other end.
Fundamentals haven't changed!!!
I'm not selling

[GR8DAY]

.....ridiculous! They were changing hands @ 10-12c when gold was at $460 an ounce. Heritage NOW has two and a half times the value of the same resource......based on that the shares are worth 24c plus!! This is Take-Over material........here comes Newmont!!!

[clarky]

great time to top up at the moment. although it will bring the average holding price up it does seem to make sense. don't see it getting near 24c in the near future gr8day, but wud settle for 10c.

[STRAT]

This retrace has been on the cards since Tuesday and quite normal after a spike. Now HTM have to come up with the goods or it will continue.
The market in general has been poised at the edge of a cliff also.

You either take your profit and run or hold tight for what some have been waiting to see for years.

Fun eh? :D

Volume hasnt been huge. My guess is it will settle between 2.4 and 2.8c (HTM) until that news comes. Of course it could run again for no reason too.

No reason can often mean insiders telling their mates all about it or people pumping it on internet sites etc.

I wouldnt be topping up unless it was going up or Uncle CFO had wispered in my ear

[stone small green]

This retrace has been on the cards since Tuesday and quite normal after a spike. Now HTM have to come up with the goods or it will continue.
The market in general has been poised at the edge of a cliff also.

You either take your profit and run or hold tight for what some have been waiting to see for years.

Fun eh? :D

patience and patience. ;)

[JBmurc]

got me buy in 2c on HTM LOL

[Ponda]

got me buy in 2c on HTM LOL

Would so love to have a wager with you on that one JBmurc. I'm saying that you won't get it.
I think that if you are prepared to wager we can just have bragging rights.
Whaddya think..
Terms: Prior to next Announcement advising of whether permit has been granted or declined.
Your call

[GR8DAY]

......got me sell in on HGD $1.25 (dont mind waiting a couple or three years)

[STRAT]

got me buy in 2c on HTM LOLhaha JB you might have to wait a few weeks to get that order filled but you never know. HTM management have in the past been a bit...................

[tobo]

LOL
I thought that's what it might be like at Crown Minerals

[ScrappyO]

haha JB you might have to wait a few weeks to get that order filled but you never know. HTM management have in the past been a bit...................

That might be shareholders waiting for a good return

[JBmurc]

Well you never know looking at HTM Depth I think the recent SP action has brought out a few HTM holders to sell aways happens on the DOG stocks -Buyers buy buy - holders WTF time to get out LOL

TRY -a real jnr gold stock 8.3 mill turnover today

[JBmurc]

Would so love to have a wager with you on that one JBmurc. I'm saying that you won't get it.
I think that if you are prepared to wager we can just have bragging rights.
Whaddya think..
Terms: Prior to next Announcement advising of whether permit has been granted or declined.
Your call

If the gold price would pull back an the DOW had a good fall I think I'd have a chance that's with no announcement which should lift SP higher till Capital raising time...

[whatsup]

and so it seems that the mining license will come this week- but where to from there?

Recently ogc raised 20 million for drilling and yet it appeared that they could fund this from sashflow. Does this form part of the answer?

nothing today !!!

[Ponda]

Good morning Whatsup.
Do you think that the MED would update their site to 'granted' prior to advising HGD and also prior to HGD advising the market?
I think that MED would wait until after the market has advised before they would update.
What are your thoughts?
These are just my Ponderings

[GR8DAY]

....no news is good news folks. The question remains not IF but WHEN. When doesnt matter. The directors have confirmed all conditions will be met shortly......they have done there work. We've been waiting years to get to this point so what does it matter if it's today tomorrow or even next month. During this wait we've also seen Heritage Golds resource go up in value 2.5 times (without lifting a shovel)......good thing the gold was left in the ground I say. The whole project was viable at sub-$500 an ounce....imagine how it all stacks up now! Let the panic artists do there bit while us long-termers do ours.....ACCUMULATE.

[Aotea]

....no news is good news folks. The question remains not IF but WHEN. When doesnt matter. The directors have confirmed all conditions will be met shortly......they have done there work. We've been waiting years to get to this point so what does it matter if it's today tomorrow or even next month. During this wait we've also seen Heritage Golds resource go up in value 2.5 times (without lifting a shovel)......good thing the gold was left in the ground I say. The whole project was viable at sub-$500 an ounce....imagine how it all stacks up now! Let the panic artists do there bit while us long-termers do ours.....ACCUMULATE.

I fully agree GR8Day....there's no reason to be nervous on this now!

[kanejones]

Have just arrived back from a holiday in Melbourne. What a fantastic surprise to come back to! Things are looking extremely bullish regarding the permit.

Looks like our patience over the last few years could well be rewarded!

Looking forward to the news!

[GR8DAY]

......Gold Price could go through the roof with latest (terrorist?) attacks on American soil....might make things even more "interesting".

[Aotea]

......Gold Price could go through the roof with latest (terrorist?) attacks on American soil....might make things even more "interesting".

Not to mention China following India's lead in buying a massive chunk of the IMF gold stash...

[Odd Fellow]

I am so excited, I can't keep my eyes of the computer screen.

Cheers.

[GR8DAY]

.....oops got that one wrong, sounds like an Army General lost the plot, not a terrorist thing....but who knows. Maybe he was just pisd off he didnt pik up any HGD last week! Welcome home Kanejones hope you had an enjoyable break in Melbourne.

[evilroyrule]

Have just arrived back from a holiday in Melbourne. What a fantastic surprise to come back to! Things are looking extremely bullish regarding the permit.

Looks like our patience over the last few years could well be rewarded!

Looking forward to the news!

kane jones the jockey?

[kanejones]

Hi evilroyrule,

I'm in the racing game but certianly not a jockey. Was in Melbourne for the cups carnival. Went to Derby Day and Cup Day... absolutely fantastic!