Heritage Gold...HGD

[GR8DAY]

.fair comment PIB but they wud find it easier to raise funds if HGDs market capitilization was based on 6c plus a share.....more room to move on negotiations with a JV partner also re share purchase to them....they cud THEN have done a SPP together....we might not have even needed one with a JVP on board. Anyway just a matter of waiting now to see how it all pans out......hope the GP duznt 'crash out' also. No funnies today folks.....to all your relief!!

[BAPP]

Agree. As BAP recently said above. Facts haven't really changed yet. Drag IMO remains at the top. HGD needs to move from an explorer mind set to producer - vastly different skills needed. New and externally sourced CEO could fix this, or JV with a partner with management expertise to mine. This is what we continue to wait for and fall into place. Watch the market, IMO need 20m plus daily trading on up move to confirm the re-rate on such an announcement.

Hi Jess9

That's it in a nutshell.

Once the move from explorer to producer becomes clearly defined the market (SP) will respond accordingly.

So IMO a JV partnership with a mid sized producer is the only way our speculative investment will turn to 'gold' in the medium term.:D

That's also assuming HGD will have enough cash to survive that long!

Cheers
BP:)

[whatsup]

Its still a very cheap share , fortune favours the brave , some will look back on this price and say "I'm glad I bought others will I could have bought"!!! its all about perception and for sight.Rember when BHP 12 years ago was $10 Aussie , some bought some didnt!

[stone small green]

for long term investment, of course.

but for short term traders.....maybe not.

[rev]

Its still a very cheap share , fortune favours the brave , some will look back on this price and say "I'm glad I bought others will I could have bought"!!! its all about perception and for sight.Rember when BHP 12 years ago was $10 Aussie , some bought some didnt!

Holy fkn roller! HGD being compared to BHP?

That's like comparing that twat Brian Tamiki to Jesus.

It was always going to spike, and those waiting to exit are/have found a door and bolted.

If no fresh JV news is expected until mid 2010, the share price has done it's dash, and as Jess9 says, becoming a producer will require a massive change that will take years, the price may fluctuate a few cents here and there until then, but only when they're 'selling' gold will the price find a ladder.

Any stock like this where there's hype from news, and the share price opens strong and starts climbing, then mid afternoon starts falling, is a sign that you're chance to sell has arrived.

Not every one is a long term investor either, buying in the low four cent range and selling mid fives is ~25% - a tidy little earner for the month

My initial entry was 3.8 in early 2007 (without checking), they got up to about 12c from memory on a lot less news than a mining permit.

I still have a few and would love to see them do well, not interested in the SPP though.

[ScrappyO]

I sold enough shares to take up the spp in full...I did it this way because i didn't want to put any new money in. By doing this i have increased my shareholding also.

[whatsup]

Holy fkn roller! HGD being compared to BHP?

That's like comparing that twat Brian Tamiki to Jesus.

It was always going to spike, and those waiting to exit are/have found a door and bolted.

If no fresh JV news is expected until mid 2010, the share price has done it's dash, and as Jess9 says, becoming a producer will require a massive change that will take years, the price may fluctuate a few cents here and there until then, but only when they're 'selling' gold will the price find a ladder.

Any stock like this where there's hype from news, and the share price opens strong and starts climbing, then mid afternoon starts falling, is a sign that you're chance to sell has arrived.

Not every one is a long term investor either, buying in the low four cent range and selling mid fives is ~25% - a tidy little earner for the month

My initial entry was 3.8 in early 2007 (without checking), they got up to about 12c from memory on a lot less news than a mining permit.

I still have a few and would love to see them do well, not interested in the SPP though.


This comment was NOT about comparing BHP with HGD heaven forbid its about making a decission when all about you cant see the wood for the trees.

[whatsup]

Holy fkn roller! HGD being compared to BHP?

That's like comparing that twat Brian Tamiki to Jesus.

It was always going to spike, and those waiting to exit are/have found a door and bolted.

If no fresh JV news is expected until mid 2010, the share price has done it's dash, and as Jess9 says, becoming a producer will require a massive change that will take years, the price may fluctuate a few cents here and there until then, but only when they're 'selling' gold will the price find a ladder.

Any stock like this where there's hype from news, and the share price opens strong and starts climbing, then mid afternoon starts falling, is a sign that you're chance to sell has arrived.

Not every one is a long term investor either, buying in the low four cent range and selling mid fives is ~25% - a tidy little earner for the month

My initial entry was 3.8 in early 2007 (without checking), they got up to about 12c from memory on a lot less news than a mining permit.

I still have a few and would love to see them do well, not interested in the SPP though.


Dont know if you were at the AGM but tucked away in the second row there were 2 Asian gentlemen JV possibility or may be just share holders, what ever happens were in for interesting times.

[Paint it Black]

Dont know if you were at the AGM but tucked away in the second row there were 2 Asian gentlemen JV possibility or may be just share holders, what ever happens were in for interesting times.

Yep - I remember them they came in a bit late, tidily dressed and stood out amongst the rest of us caucasians! Geoffrey Hill made a special mention of JV opportunities with China for their benefit i'd say.

I'm with you Whatsup. These big cap gain opportunities do not happen often but some patience will be needed while the transformation to miner takes place. There is a lot of experience and hard nose negotiating skills from my reading of the board's credentials and observing them at the AGM so I'm very happy to accumulate when the opportunities arise as they probably will over the next year or so. With possibly more exploration on sevarla fronts and JV negotiating over the next 6 months I'm picking there will be plenty of news to keep us tuned in.

[Balance]

Are the directors buying, or are they selling into the 'hype'?

Looks like plenty available at under 5c.

Pump and dump.

[Turboman]

And down she goes, I just hope that some investors were smart enough to take some profits when it was trading above 5 cents.

[Balance]

And down she goes, I just hope that some investors were smart enough to take some profits when it was trading above 5 cents.

Why does the word 'sucker' come to mind when it comes to speculative gold miners?

[Turboman]

Why does the word 'sucker' come to mind when it comes to speculative gold miners?

Because those who buy on hype or on the advice from people on this forum end up having the money sucked from them.

[Cannibal]

Because those who buy on hype or on the advice from people on this forum end up having the money sucked from them.

Really? I bought BLT exactly because of that - happy with my 180% profit.

HGD's price will sit at these levels until the SPP shares hit the market and then we will see what they are really worth.

Then it is on to the JV...

[miner]

If you think about it if they ever get to mine talisman it would probably be years away so why tie 10k up in the spp when you could make money with it elsewhere and just buy some on market if they ever get around to mining,hope it all works out especially for those people that just tied up 10k they cant afford.

Cheers
Miner

[Cannibal]

Well - if the share price stays at 3.9 cents then there is an easy 11.4% to be had...

[miner]

If you sell them,best of luck.

Cheers
Miner

[whatsup]

And down she goes, I just hope that some investors were smart enough to take some profits when it was trading above 5 cents.



Turbo,,,, Did you?

[whatsup]

If you think about it if they ever get to mine talisman it would probably be years away so why tie 10k up in the spp when you could make money with it elsewhere and just buy some on market if they ever get around to mining,hope it all works out especially for those people that just tied up 10k they cant afford.

Cheers
Miner

Because its ONLY 10K!@!!

[miner]

Except for the ones who were digging up the back yard,looking under the couch,putting it on the card etc,if you have 10k your not worried about like you and want to take a punt go for it.

Cheers
Miner

[whatsup]

Except for the ones who were digging up the back yard,looking under the couch,putting it on the card etc,if you have 10k your not worried about like you and want to take a punt go for it.

Cheers
Miner

Real trouble Miner ( tongue in cheek )is when this share gets its ducks ... .. .. the S P will take off as it is vastly undervalued at present but just when it will take off is anyones guess, I guess it all comes down to the fear of missing out.

[Chippie]

I do not think it is a fear of missing out.

For me personally it is the realisation that I am not good enough to time the market. So I am happy to take my chances and hang in with a medium to long view. I did the same with NZO when I brought in at 28 cents , and even though some people did not agree with my approach back then (or even now) I am happy with the returns.

I have done a reasonable amount of Risk analysis and right now I am prepared to risk $10K on HGD (rather than some others spec shares in Aus). I do not take this decision lightly and I am fully prepared for a positive or negative outcome.

[Turboman]

Turbo,,,, Did you?

Never purchased, I like to do my research before buying into stocks. If you read back a few pages ago I say saying the share price will pull back in a few days this was at the same time people were saying 10cents, 30 cents was on the cards.

Whatsup on what basis do you believe that this stock in undervalued? I think it is priced about right at present. Just look at the facts.

Yes they have a mining permit
No they don't have the money to mine
No JV partner
Mine won't be mined for over 18 months

There is a long wait for current share holders before this mine starts producing. This stock isn't overly complicated it is very simple. The fact people start throwing stupid numbers around such like 30cents with no basis isn't constructive.

Heritage has a lot of hoops to jump through still. I would expect the SP to just float along around the 3.5 - 4cent range for the next few months until a JV partner is closer to being confirmed

[GR8DAY]

......30c wasnt just thrown around turbo bro it was actually traded at and above at one stage. You can do all the homework you like m8.......but you're wasting your time when it comes to Gold Stocks.........it's about nothing more than GP, greed and Gold fever.

[Balance]

Never purchased, I like to do my research before buying into stocks. If you read back a few pages ago I say saying the share price will pull back in a few days this was at the same time people were saying 10cents, 30 cents was on the cards.

Whatsup on what basis do you believe that this stock in undervalued? I think it is priced about right at present. Just look at the facts.

Yes they have a mining permit
No they don't have the money to mine
No JV partner
Mine won't be mined for over 18 months

There is a long wait for current share holders before this mine starts producing. This stock isn't overly complicated it is very simple. The fact people start throwing stupid numbers around such like 30cents with no basis isn't constructive.

Heritage has a lot of hoops to jump through still. I would expect the SP to just float along around the 3.5 - 4cent range for the next few months until a JV partner is closer to being confirmed

3 plus long years after obtaining its mining licence, PRC is still struggling to get coal out of the ground.

[Aotea]

......30c wasnt just thrown around turbo bro it was actually traded at and above at one stage. You can do all the homework you like m8.......but you're wasting your time when it comes to Gold Stocks.........it's about nothing more than GP, greed and Gold fever.

You think this is gold fever?? You should try sucking it out of a riverbed and then you'l get the fever GR8DAY....

[Turboman]

......30c wasnt just thrown around turbo bro it was actually traded at and above at one stage. You can do all the homework you like m8.......but you're wasting your time when it comes to Gold Stocks.........it's about nothing more than GP, greed and Gold fever.

I disagree, 30 cents was stupidly thrown around, I don't really care if it actually traded at or above that level at one stage. Can you please tell me what that has to do with the current share price and the fundamentals of the company now? What happened in the past is done and dusted and has no bearing on the performance of this stock from here out.

I may be wasting my time but at least I'm not throwing my money away on dumb advice like some people. Maybe you are right...Gold stocks are all about GP and greed and gold fever. People over hype it, buy at high prices and lose money when the SP falls. Greed sums it all up, hasn't greed been thrown about as a reason for the current financial mess we find ourselves in now?

I have nothing against HGD just the stupidity of some of the people posting on this forum.

[GR8DAY]

....well Turbo we all know the whole sharemarket/trading thing is bull*hite don't we?....basically THAT'S wot your'e trading in. It's all a joke and shud be treated with the disrespect it deserves. 30c wasnt STUPIDLY thrown around. It was thrown around with the deliberate intention of reminding people what once was...and what may be once again. We all know how fast things can change with gold stocks......fundamentals dont really come into it. big profits or big losses. Having said that I do believe HGD has a rosy future as a mining co. but this cud take longer than some think.....Im happy to take the ride.....after all it's only money.

[Landyman]

....well Turbo we all know the whole sharemarket/trading thing is bull*hite don't we?....basically THAT'S wot your'e trading in. It's all a joke and shud be treated with the disrespect it deserves. 30c wasnt STUPIDLY thrown around. It was thrown around with the deliberate intention of reminding people what once was...and what may be once again. We all know how fast things can change with gold stocks......fundamentals dont really come into it. big profits or big losses. Having said that I do believe HGD has a rosy future as a mining co. but this cud take longer than some think.....Im happy to take the ride.....after all it's only money.

Indeed, best believe less than half you read when it comes to gold stocks.

[Balance]

Indeed, best believe less than half you read when it comes to gold stocks.

Jim Rogers was recently asked by a very successful investor in Singapore why he was so bullish on gold. Inflation, monetary safety net etc .... were his stock reply.

When asked about demand and supply, this gold guru could produce no supporting data when he waxed lyrical on increasing wealth levels in China and India, and how they like gold.

Sure they do ... but so do they like cars.

[stone small green]

if u don't panic, everything it's going to be fine.

like one of those saying goes "people live and people die everyday"

just treat everything normally.

Turbo m8. like gr8day say, the sharemarket is bullsh*t
it just a game of personally psychology. screw the fundamentals, screw technical analysis.

21 century, it's all about people.

[Turboman]

All I can say is that I hope HGD managment are a lot smarter than its shareholders.

[Balance]

All I can say is that I hope HGD managment are a lot smarter than its shareholders.

No worries here, matey. They have the shareholders trained like performing chimps.

[whatsup]

Well the SPP has closed any opinions as to the % take up?


Me, 45% about right.

[BigBob]

Well the SPP has closed any opinions as to the % take up?


Me, 45% about right.

Yup - about right... the rest will be taken up by a placement to insiders and other "sophisticated investors"....

[whatsup]

Yup - about right... the rest will be taken up by a placement to insiders and other "sophisticated investors"....

Who would be.....?

[Balance]

Well the SPP has closed any opinions as to the % take up?


Me, 45% about right.

A last heave-ho to 4c - all $30t worth.

The trained chimpanzees will eagerly now put their 3.5c in. Directors say 'thanks'.

[Cannibal]

"Balance" is an interesting choice of name for you...

[Balance]

"Balance" is an interesting choice of name for you...

A balance to the 'gold' hype, don't you think?

Ask the directors when they are going to put their own money in.

[777]

"Balance" is an interesting choice of name for you...

Cannibal if you go to the User CP in the top left corner and from there you can put an ignore on any poster you want. I put Balance in there a while ago. Now I don't have to read his posts.

[miner]

....well Turbo we all know the whole sharemarket/trading thing is bull*hite don't we?....basically THAT'S wot your'e trading in. It's all a joke and shud be treated with the disrespect it deserves. 30c wasnt STUPIDLY thrown around. It was thrown around with the deliberate intention of reminding people what once was...and what may be once again. We all know how fast things can change with gold stocks......fundamentals dont really come into it. big profits or big losses. Having said that I do believe HGD has a rosy future as a mining co. but this cud take longer than some think.....Im happy to take the ride.....after all it's only money.

Commonly known as ramping.

[GR8DAY]

...if I was trying to ramp Miner surely I wud have off-loaded on the monday spike around and above 6c........I didnt.

[Turboman]

...if I was trying to ramp Miner surely I wud have off-loaded on the monday spike around and above 6c........I didnt.

That would require intelligence though....after all it's only money right? I think you might have more fun and success going to the casino?

[GR8DAY]

.....your right there turbolag.....tis only money..... sounds like you need to increase da boost a bit m8....... as far as fun goes my friend.....I have bucket loads.

[croesus]

Have kept out of this thread of late....sold all of my shares several weeks ago...but have partaken in the recent issue... ( a damned if I do and I damned if I dont ) decision.

[Ponda]

I think that today is the day that we find out what the uptake was for the SPP.
I think that it will be about 60% uptake.
Just my Ponderings.

[whatsup]

45% is my estimate.

[Glendoonie]

50%, I reckon

[meesham]

I just checked my HGD holding on the computer share website, I got 100%.

[Tanger]

So, they have been allocated. It would be nice if mangament could give an update as to the level of take up (given they must know this now).

[BigBob]

Heritage Gold has successfully raised $1.95 million following the receipt of valid applications and payment
under the terms of its Share Purchase Plan dated 18 November 2009.
Heritage Gold executive director Peter Atkinson says the company has had a strong response from existing
shareholders, particularly New Zealand residents. “For the first time in 15 years an overwhelming majority of
acceptances came from New Zealand shareholders, demonstrating the confidence shareholders now have in
New Zealand’s mining industry. It is also an endorsement of the strategic direction of Heritage Gold.”
222 New Zealand shareholders and 113 Australian shareholders joined the Share Purchase Plan, raising
NZ$1,157,875 and AU$637,500 respectively. “This marked turnaround in confidence shows New Zealanders
are becoming more aware of the potential of our mineral resources. It is a positive signal for the New Zealand
gold mining industry, particularly with gold prices at near-record levels, and also reflects the mining sector
generally receiving more attention from the Government.”
Earlier this month, Heritage Gold was granted the North Island’s first commercial gold mining permit outside of
Waihi in 18 years. The permit was approved by the Minister of Energy and Resources.
As a result of the Share Purchase Plan, Heritage Gold today issued 55,849,868 shares at NZ 3.5 cents or AUD
2.8 cents per share, raising the equivalent of NZ$1.95 (before expenses).

That's a take up of just under 65% - not too bad really.....

[Landyman]

Heritage Gold has successfully raised $1.95 million following the receipt of valid applications and payment
under the terms of its Share Purchase Plan dated 18 November 2009.
Heritage Gold executive director Peter Atkinson says the company has had a strong response from existing
shareholders, particularly New Zealand residents. “For the first time in 15 years an overwhelming majority of
acceptances came from New Zealand shareholders, demonstrating the confidence shareholders now have in
New Zealand’s mining industry. It is also an endorsement of the strategic direction of Heritage Gold.”
222 New Zealand shareholders and 113 Australian shareholders joined the Share Purchase Plan, raising
NZ$1,157,875 and AU$637,500 respectively. “This marked turnaround in confidence shows New Zealanders
are becoming more aware of the potential of our mineral resources. It is a positive signal for the New Zealand
gold mining industry, particularly with gold prices at near-record levels, and also reflects the mining sector
generally receiving more attention from the Government.”
Earlier this month, Heritage Gold was granted the North Island’s first commercial gold mining permit outside of
Waihi in 18 years. The permit was approved by the Minister of Energy and Resources.
As a result of the Share Purchase Plan, Heritage Gold today issued 55,849,868 shares at NZ 3.5 cents or AUD
2.8 cents per share, raising the equivalent of NZ$1.95 (before expenses).

That's a take up of just under 65% - not too bad really.....

Shame there was not more of a focus on what they are planning to use the money for eg. All funds will be used to leverage a JV deal. Sounds like the directors might just give themselves a Christmas bonus instead

[Paint it Black]

Heritage Gold has successfully raised $1.95 million following the receipt of valid applications and payment
under the terms of its Share Purchase Plan dated 18 November 2009.
Heritage Gold executive director Peter Atkinson says the company has had a strong response from existing
shareholders, particularly New Zealand residents. “For the first time in 15 years an overwhelming majority of
acceptances came from New Zealand shareholders, demonstrating the confidence shareholders now have in
New Zealand’s mining industry. It is also an endorsement of the strategic direction of Heritage Gold.”
222 New Zealand shareholders and 113 Australian shareholders joined the Share Purchase Plan, raising
NZ$1,157,875 and AU$637,500 respectively. “This marked turnaround in confidence shows New Zealanders
are becoming more aware of the potential of our mineral resources. It is a positive signal for the New Zealand
gold mining industry, particularly with gold prices at near-record levels, and also reflects the mining sector
generally receiving more attention from the Government.”
Earlier this month, Heritage Gold was granted the North Island’s first commercial gold mining permit outside of
Waihi in 18 years. The permit was approved by the Minister of Energy and Resources.
As a result of the Share Purchase Plan, Heritage Gold today issued 55,849,868 shares at NZ 3.5 cents or AUD
2.8 cents per share, raising the equivalent of NZ$1.95 (before expenses).

That's a take up of just under 65% - not too bad really.....

'Not too bad' sums it up for me as well - a full take up was probably too optimistic in these times especially with the MP approval not giving shareholders a lot of time to make a decision and find the cash. Anything less than 50% would have been disappointing. HGD directors now need to keep us regularly updated with the progress on the RC, exploration and JV fronts. Some sort of timeline would be great.

[blackcap]

A cynic would say this 1 million odd dollars gives them another couple of years or wages and bonuses before another capital raising ;)

[whatsup]

A cynic would say this 1 million odd dollars gives them another couple of years or wages and bonuses before another capital raising ;)

BC I think you are a bit too harsh , HGD now is a far different company that a year ago or even 6 months for that matter, what is there stopping HGD from going back and reapplying for the leases and therefore mining permits that were denied to it under the old Labour govt I think Aunty Helen Davis had something to do with the denyl of that permit when mining minister from pressure from the greens as it was on Doc land and now the minister Gerry B ... is much more sympathic to mining.
All sorts of options are now available and I can only saee the s p building from here!!.

[Paint it Black]

Amazing - the 9.00pm Newstalk ZB news second item announced that HGD has just obtained the MP at Waihi. It filled in some background on the mine - 1 million ozs of gold potential, silver and that the company is in JV negotiations with Chinese interests. Only a fortnight late but hey it all sounded very exciting!

[rev]

Amazing - the 9.00pm Newstalk ZB news second item announced that HGD has just obtained the MP at Waihi. It filled in some background on the mine - 1 million ozs of gold potential, silver and that the company is in JV negotiations with Chinese interests. Only a fortnight late but hey it all sounded very exciting!

Ha...what do you expect from ZB?

[Ponda]

Amazing - the 9.00pm Newstalk ZB news second item announced that HGD has just obtained the MP at Waihi. It filled in some background on the mine - 1 million ozs of gold potential, silver and that the company is in JV negotiations with Chinese interests. Only a fortnight late but hey it all sounded very exciting!

Maybe we need ZB to come out every fortnight to tell everyone that we got the MP. There are a few people hungry for HGD today.

I think that its great that HGD got just under 65% uptake of rthe SPP. It will give us a bit of breathing space to get the next stage underway.

There has been mention numerous times about the Directors not buying up. I would not be overly surprised if there is news of a JV in the pipeline. If that is the case that will be why Dir's are not buying. Cos they can't.

Oh well, only time will tell.

[Glendoonie]

I think that it will be about 60% uptake.
Just my Ponderings.
Well done. Closer than my stinky 50.

[Jess9]

Be interesting to see how they go about, and the level of clearing achieved of, the remaining placement then.

[whatsup]

Be interesting to see how they go about, and the level of clearing achieved of, the remaining placement then.

Jess, whats the number of sharesstill available? surely the J V partner would be the buyer?

[Landyman]

I think GR8DAY might be the remaining shares, he is keen as on HGD. Fingers crossed on the JV announcement EARLY in the NY.

[Jess9]

Jess, whats the number of sharesstill available? surely the J V partner would be the buyer?

Looking back at the notice again, didn't see a placement cap, other than $10K per s/holder. They maybe able to place the total not uptaken by shareholders. I guess this could be (50m/.65) - 50m placed) i.e. 25 odd million shares at 3.5c?

[Jess9]

Sorry, same calc but on 56M issued - double checking allottment announcement, so say 30M shares.

[Balance]

Gone very quiet now that the money has been raised. Shares now trading at 3.5c.

Fools and their money.

[stone small green]

this should be the true value of the sp, as the effect of spp has been absorbed

[Cannibal]

Gone very quiet now that the money has been raised. Shares now trading at 3.5c.

Fools and their money.

First I was a "The trained chimpanzees will eagerly now put their 3.5c in." and now I am a fool.
Cheers Balance

[Aotea]

First I was a "The trained chimpanzees will eagerly now put their 3.5c in." and now I am a fool.
Cheers Balance

Cannibal,
you're no trained chimp..these guys have gone quiet for now, but Im supremely confident they will be trading in the double digits within a few months once a JVpartner jumps in or further drilling shows strong results...

[Balance]

Cannibal,
you're no trained chimp..these guys have gone quiet for now, but Im supremely confident they will be trading in the double digits within a few months once a JVpartner jumps in or further drilling shows strong results...

Dream on. If there was going to be a JV, it would be signed by now.

[Ponda]

Dream on. If there was going to be a JV, it would be signed by now.

Balance, you obviously don't like HGD, but then again you also don't like KAT, PRC, GPG, Allied Farmers, Glass Earth.

I'm all for opposing views if they are fair and considered. One liners with no substance don't help or educate any one.

In my mind there will be a JV and it will be announced soon. I don't have any concrete reasons to believe that. It is just a feeling. It could have come from a 'lightbulb' moment (and who hasn't had one of those), something I read or just a .... ?

If HGD holders have got it wrong then so be it, there is no need to gloat or the 'I told you so' comments.

Anyways, my apologises, I have had my rant for today.

In all seriousness Balance, I hope that you have a great xmas and good year with your investments.

[Ponda]

Thought that I would jump in before all the excitable kids start going on about Directors selling etc. (re this afternoons Ann)

For last disclosure,--
(a) total number held in class: 16,201,950
(b) total in class: 209,989,776
(c) total percentage held in class: 9.85%

For current holding after ceasing to have substantial holding:
(a) total number held in class: 16,201,950
(b) total in class: 343,553,188
(c) total percentage held in class: 4.71%


He hasn't sold ANY shares. Just with the SPP his holdings have been diluted.

Cheers and have a good one.

[Landyman]

SSH: HGD: SSH Notice (Peter Robert Atkinson)

Not good when the chiefs arent investing. Im not 100% on insider trading, but Im pretty sure he would have been alloed to participate in the SPP, to allow himself to dilute over $10k investment - maybe the JV is a dream

[Balance]

Thought that I would jump in before all the excitable kids start going on about Directors selling etc. (re this afternoons Ann)

For last disclosure,--
(a) total number held in class: 16,201,950
(b) total in class: 209,989,776
(c) total percentage held in class: 9.85%

For current holding after ceasing to have substantial holding:
(a) total number held in class: 16,201,950
(b) total in class: 343,553,188
(c) total percentage held in class: 4.71%


He hasn't sold ANY shares. Just with the SPP his holdings have been diluted.

Cheers and have a good one.

Very telling they did not even bother to put one extra cent in!

[ScrappyO]

Hill has taken up his spp in two of his companies..

[Balance]

Balance, you obviously don't like HGD, but then again you also don't like KAT, PRC, GPG, Allied Farmers, Glass Earth.

I'm all for opposing views if they are fair and considered. One liners with no substance don't help or educate any one.

In my mind there will be a JV and it will be announced soon. I don't have any concrete reasons to believe that. It is just a feeling. It could have come from a 'lightbulb' moment (and who hasn't had one of those), something I read or just a .... ?

If HGD holders have got it wrong then so be it, there is no need to gloat or the 'I told you so' comments.

Anyways, my apologises, I have had my rant for today.

In all seriousness Balance, I hope that you have a great xmas and good year with your investments.

Ponda, just providing some balance to the continuous hand-out from the directors and management of this company.

Notice how this company goes chasing after every rabbit there is in the universe? Guess where a lot of funds raised disappear to?

Newmont from Waihi would have done a deal a long long time ago if there's a really viable project there.

[Doyle]

SSH: HGD: SSH Notice (Peter Robert Atkinson)

Not good when the chiefs arent investing. Im not 100% on insider trading, but Im pretty sure he would have been alloed to participate in the SPP, to allow himself to dilute over $10k investment - maybe the JV is a dream

It was a SPP not a rights issue, he had no choice but to allow his holding to be dilluted unless he held his existing shares through a wide variety of holdings. (Even then i'm not sure what sort of view the NZX would take of that sort of behaviour, I.e. using related parites to get around the 10k limit.

[Ponda]

Well Balance,

I left myself wide open with that one.
It is dissappointing that he couldn't put his hand in his pocket.
BUT.... I again reiterate my previous: If there is a JV in the pipeline, he can't buy more shares, SPP or otherwise.
The proof will be in the pudding now. If we get SSH notices from other directors that say that they have taken up their entitlement under the SPP - whats the problem OR we get SSH notices to say that they didn't it could make the suggestion that a JV is in the system more possible.

[Balance]

Well Balance,

I left myself wide open with that one.
It is dissappointing that he couldn't put his hand in his pocket.
BUT.... I again reiterate my previous: If there is a JV in the pipeline, he can't buy more shares, SPP or otherwise.
The proof will be in the pudding now. If we get SSH notices from other directors that say that they have taken up their entitlement under the SPP - whats the problem OR we get SSH notices to say that they didn't it could make the suggestion that a JV is in the system more possible.

There is nothing to stop him taking up the SPP. All disclosures have to be made to shareholders when a legal document to raise funds is in the market - this is the ASX, not NZX.

No, there is no upside for him as the money is now in to be spent.

Will he miss a chance to turn $10,000 into $100,000? Enuf said.

[Landyman]

There is nothing to stop him taking up the SPP. All disclosures have to be made to shareholders when a legal document to raise funds is in the market - this is the ASX, not NZX.

No, there is no upside for him as the money is now in to be spent.

Will he miss a chance to turn $10,000 into $100,000? Enuf said.

Maybe the directors are just allowing the love to be shared by allow themselves to dilute. Hmmmm, wishful thinking.

Wonder if Santa has some big mining equipment in his sack for Heritage?

[JBmurc]

Maybe the directors are just allowing the love to be shared by allow themselves to dilute. Hmmmm, wishful thinking.

Wonder if Santa has some big mining equipment in his sack for Heritage?

Santa better have good contacts if he can give out 36mill+ basic mining plant equipment

As a result of the Share Purchase Plan, Heritage Gold today issued 55,849,868 shares at NZ 3.5 cents or AUD
2.8 cents per share, raising the equivalent of NZ$1.95 (before expenses). The funds raised will be used to:

· Continue exploration and evaluation work on gold prospects at Waihi;
-How long has this been going on??

· Gold/base metal prospects in Northland (New Zealand); and
why not -might be able to raise some more cash out of shareholders if we can find anything to pump up shareholders hopes

· Base metal prospects near Broken Hill (Australia)
-whynot hopefully when where over in aussie tripping round we can track down a J.V partner it's are only hope


· To fund working capital for the Company
-well we need to get paid like we have for the last 25yrs thanks loyal shareholders we'll pay you back in results one day come-on gold!

[GR8DAY]

....Hi all>>>>Ive been lying low in Rarotonga for 10 days or so.....hope all is well with my fellow HGDrs?? Looks like things are holding together OK......Ive been totally out of touch with the goings on in the financial world as we took a long overdue break and just "chiiled out" in paradise. What an incredible place to visit for a break.....I highly recommend it compared to the other Pacific Islands Ive visited. Anyway Im looking forward to catching up with things and people and to a prosperous NY for HGD and fellow SHolders. Happy Xmas to all.

[Aotea]

....Hi all>>>>Ive been lying low in Rarotonga for 10 days or so.....hope all is well with my fellow HGDrs?? Looks like things are holding together OK......Ive been totally out of touch with the goings on in the financial world as we took a long overdue break and just "chiiled out" in paradise. What an incredible place to visit for a break.....I highly recommend it compared to the other Pacific Islands Ive visited. Anyway Im looking forward to catching up with things and people and to a prosperous NY for HGD and fellow SHolders. Happy Xmas to all.

Gidday GR8Day,
cheers and likewise...love your positive attitude rather than being a perpetual moaner like some. Ho ho ho

[Oiler]

Hill has taken up his spp in two of his companies..

Well spotted Scrappy ;)

Not trying to pi.. Balance off but lets get some balance. :confused:

The Hills through there various companies own a large % of the company so I am not surprised to see them both increase there holdings.

We are not out of the woods yet but we can at least see the light at the end of the tunnel.

If nothing else Heritage have succeeded in getting through a massive anti mining legacy hangover from the previous administration.

Question for you Balance. How do you know there are no JV partners ?? Interested to hear how you know this ???

[GR8DAY]

...cheers Aotea....always good tho to hear everyone's opinion & to have free and open debates.....as they say, "everyone's nuts except you and me and Im not so sure about you!"

[Ponda]

Nice to see someone stepping up to the plate today and wanting to buy $20k's worth of HGD at 3.6 (555,000 shares)
Maybe they should just take out the 3.7 and 3.8 and still have some change left over.

Anyways, hope you all had a great xmas and look foward to the party on New Years Eve.

[Steve]

HGD often seems to spike around December/January. Could be due to it always being so popular in the Sharetrader picks competition... :rolleyes:

[Landyman]

A new year, a JV, maybe a new car for those who have been patient.

[Kees]

more like more promises and no results

[Crypto Crude]

sold up HGD...
along with other funds are going into NGE...

I think Heritage will perform...
:cool:
.^sc

[Landyman]

sold up HGD...
along with other funds are going into NGE...

I think Heritage will perform...
:cool:
.^sc

At the rate Heritage are moving, you might have time to get in and out of NGE and then get back to HGD and double whammy!

[Ponda]

Happy New Year all.
Would be nice for this to be the year for us.
I have a couple of questions and haven't been able to find them, hopefully some of you will know the answers.

1) How does Heritage plan on getting the ore to the mill. The way I see it there are three options i) taking the ore by truck over the Karangahake bridge to an off-site mill. This seems, on the face of it, to not be a particulary wise option as the bridge is not only one way but also extremely old and probably structually unsound. or ii) Build a mill on site and have the ore transported from the various mine shafts or faces by way of conveyor belts, or iii) some how forming an access point from the rear of the site to another part of the permit area. That way it is still on Heritage land but will be away from the actual mine. Any ideas. Or do we have to wait for a PFS (pre feasibility study)

The second question is.
2) From memory Heritage applied for a permit for their site beside Newmonts mine in Waihi, that application was declined. After the success with the Karangahake application is there any chance that Heritage will reapply to this Government for a permit.

Hopefully the above questions are correct and I don't appear to be a complete plonker.

[Landyman]

Newbie question, but what chat sites do people use to try to keep up with ASX comings and goings, especially the mineral players? Cheers.

[brettdale]

Hotcopper maybe?

[tobo]

for ASX stocks discussed on ST, ST is better (clean) quality of discussion.
Hotcopper is the biggest and, if you want every man and his dog's opinion, that's the place to go. Some excellent stuff but lots of nonsense and ramping and bickering too.
Good for stocks not discussed here.

cheers

[tobo]

question belongs in newbie section perhaps.
And, of course the ausi stocks are discussed here in the ASX section

[JBmurc]

sold up HGD...
along with other funds are going into NGE...

I think Heritage will perform...
:cool:
.^sc

should have put in PEN :) shrewdy nice wee run of late 4.2c-5.5c

As for HGD making shareholders big returns don't hold your breath it could take some time an money money money

[STRAT]

Hotcopper maybe?Be careful over there fellas. Some clever people but a lot of ratbags too.

heres a couple more I would rate above HC
http://www.aussiestockforums.com/
http://www.sharescene.com/

[mistymountain]

Years ago when BAP was trying to ramp this stock I said this company would go broke unless they made more shares. This they did in December 2009. Watch the SP now trend back down to 2 cents. This could happen by May.

A 50 % loss to all the loyal shareholders who bought at 3.5 cents.

[Landyman]

Years ago when BAP was trying to ramp this stock I said this company would go broke unless they made more shares. This they did in December 2009. Watch the SP now trend back down to 2 cents. This could happen by May.

A 50 % loss to all the loyal shareholders who bought at 3.5 cents.

Im hoping not being one of the (crazy) ones to fund the directors next holidays.
Has anyone looked at what the directors activities were in the SPP, I remember seeing one (via a trust or 2) participating. THere were no insider laws applicable due tot he nature of the deal, therefore if they didnt all play the game, then bad sign for us.

I remember one of the press release talking about "JV announcement in the New Year" (being 2010), maybe they meant 2034 just as the mining permit runs out.

Only a few upsides left, which I believe will still happen, just timeframes to ponder:
Enviromental consent (I think)
JV announcement
Getting the gold out of the ground (2015???)

Best chance for us all is for one of the big boys to come buy them out!!!

[Silverlight]

Quarterly Activities Report to 31 December 2009

https://www.i-search.nzx.com/blobs/NZSE0137/2010/325845/NZSE0137-113398.pdf

[Landyman]

Quarterly Activities Report to 31 December 2009

https://www.i-search.nzx.com/blobs/NZSE0137/2010/325845/NZSE0137-113398.pdf

I hope the comment: "Joint venture discussions for the development of Karangahake are not being rushed as Heritage is seeking a strong technical and financial partner." means it wont be later than 2010.

No activity on HTM, none on HGD....

[brettdale]

HGD has nothign for years, Im glad I cut my losses and got out.

[mistymountain]

Just like I said. Now gone sub 3 cents. SP Falling like a fleck of gold dust in a pan. The bottom will be 2 cents. with a rise in a few years when more shares are printed.

What a disappointing company!

[Jess9]

a company with resource and great permits to add more. S/be way more advanced as of today. Such a waste to date. ISSUE: MANAGEMENT. Trent Lash started to move HGD but left. IMO as he was stymied from top. Will keep an eye open for this problem to get fixed. HGD needs a new "mover and shaker" AND free reign.

[Paint it Black]

a company with resource and great permits to add more. S/be way more advanced as of today. Such a waste to date. ISSUE: MANAGEMENT. Trent Lash started to move HGD but left. IMO as he was stymied from top. Will keep an eye open for this problem to get fixed. HGD needs a new "mover and shaker" AND free reign.

Agree Jess - I am disturbed with the quarterly report saying they will take their time over the JV selection. Although the right partner is obviously important and needs some time to get right some timeline needs to be set to get the suitors motivated - otherwise it will drift along with the sp as the airfares to China mount up. Surely some of the SSP income can now be switched to obtaining a good CEO to rattle this thing along. My concern is a delay getting the Resource Consent in place. There seems to be a good relationship with DOC in place but this can quickly change with the political winds so get cracking Messrs Atkinson and Hills the holiday is now over.

[Zito]

Good idea, but nah, waste of money. It would just be sold to fund an overseas trip.

[Balance]

Good idea, but nah, waste of money. It would just be sold to fund an overseas trip.

Champagne and first class flights, anyone?

[Landyman]

Maybe we give them a couple of shovels and get the chiefs out there, if they did a few hard days slog, they may be more willing to negotiate a deal with China

[whatsup]

Up 14 % today from an over/over sold position , with the DOW up over night lets hope that this continues , surely with all of the progress that has been made recently that were "on the way to better days"

[Aotea]

Up 14 % today from an over/over sold position , with the DOW up over night lets hope that this continues , surely with all of the progress that has been made recently that were "on the way to better days"

Love your optimism Whatsup, but to be fair I sit in the positive camp too...everything is ticking along, albeit a bit slow for what holders would like...

[Zito]

HGD oversold?! By what valuation? Compared to two months ago, yes, it's been sold down, but in another month's time you may be wishing you'd sold at 2.8c too.

There's not exactly a P/E ratio to guide you as to valuation, is there. HGD is valued irrationally at the moment by smoke, mirrors, greed and hope. To my mind no rational valuation can exist until they start pulling yellow stuff out of the ground and making some money instead of prevaricating and burning shareholders funds.

[mistymountain]

When a stock moves up approx $0.001 of a cent and a poster above is happy with the 14 % gain I just wish I could crack open a certain beer brand.

This stock is in a downtrend heading for low 2 cents.

Bankrupt in 5 years?

Those 58 months are ticking...

[Turboman]

Up 14 % today from an over/over sold position , with the DOW up over night lets hope that this continues , surely with all of the progress that has been made recently that were "on the way to better days"

This stock will go sideways until something material is annouced from management. I hope the current holders are in for the long haul, I think the current SP is fair and anyone who has actually done some research and looked at the numbers will know that the SP will not be going anywhere near 20 or 30 cents as some people have mentioned.

[whatsup]

Turbo, I dont think anyone has said .20-.30 for this co, maybe .08-.10 is more realistic and for that reason its good buying at these levels, where o where can one get that sort of upside in the next 2-3 years just as long as it can survive that long.

[Turboman]

Turbo, I dont think anyone has said .20-.30 for this co, maybe .08-.10 is more realistic and for that reason its good buying at these levels, where o where can one get that sort of upside in the next 2-3 years just as long as it can survive that long.

I recall GR8DAY saying that it will be at 30-40cents in a few months (posted around november or december if I recall right).

But yes I agree that anywhere 8-10cents is more realistic, this company has good upside potential but it will be a long ride, it still has many hoops to jump through.

[Landyman]

I recall GR8DAY saying that it will be at 30-40cents in a few months (posted around november or december if I recall right).

But yes I agree that anywhere 8-10cents is more realistic, this company has good upside potential but it will be a long ride, it still has many hoops to jump through.

Concerning that GR8DAY has been so quiet, maybe things are worse than we think.

Wonder if they make hoops in China? Bring on the JV, please

[Balance]

Get real.

HGD is a money burning machine and the promise of the JV was just that - the money is in so it's another few years of nothing happens until the money runs out.

[Cannibal]

Balance - can you choose another name please?

[elZorro]

Cannibal, we're missing you (and a few others) on the GEL thread!
It's starting to warm up over here :)

[mistymountain]

Why would Balance rename when he is observing the obvious.

Go through this thread and check out the hot air generated by a number of high profile posters.

[Balance]

Why would Balance rename when he is observing the obvious.

Go through this thread and check out the hot air generated by a number of high profile posters.

They only want a one way discussion.

AND they WILL not be allowed to get that privilege.

[Landyman]

A few buyers trickling in for HGD, news article on radio earlier in the week....OR.... JV on the way and insider moving in.

HA, tell him hes dreaming

[whatsup]

A few buyers trickling in for HGD, news article on radio earlier in the week....OR.... JV on the way and insider moving in.

HA, tell him hes dreaming




Have been watching the slow build up for a few days now albit on very small volumn, but no real action in Aussie yet which is a worry as they are usually up with the play. grrughhhhh !!!

[Zito]

There looks to be some technical strength at the moment too....HGD appears to have broken through its short-term trendline although whether we see a reversal of its current downtrend is yet to be seen.

[mistymountain]

There will be some short term flutters due to National Govt policy, POG potential improvement etc but reality is that this company cannot extract gold.

expect the SP to meander from 2.8 c to 4 c before returning to the downtrend through 2010 back to 2 cent .

Every so often there may be a spike through some Sharetrader ramper or hot air rush but this company has not attracted any interest from any of NZ's current miners: OGC or Newmont (neighbours).

Thats a good reason not to invest in HGD.

Go through this thread to read about the high hopes.

[Aotea]

There will be some short term flutters due to National Govt policy, POG potential improvement etc but reality is that this company cannot extract gold.

expect the SP to meander from 2.8 c to 4 c before returning to the downtrend through 2010 back to 2 cent .

Every so often there may be a spike through some Sharetrader ramper or hot air rush but this company has not attracted any interest from any of NZ's current miners: OGC or Newmont (neighbours).

Thats a good reason not to invest in HGD.

Go through this thread to read about the high hopes.

Mistymountain....doesnt one have to be optimistic about a company to decide to invest in its future? Its a tough call dishing up the ST folk on here and thier optimism. It isnt unjustified. Why would OGC buy into a JV with HGD when they have a fat deposit in Didipio, I suspect it is because they have enough to do with thier own projects before buying into more.

You may be right, but then again the announcements note that several chinese interests are in a JV discussion. You will look pretty silly when a JV is announced and the SP bounces to 10c. I, like may others here will be thinking of your unjustified negitivity when we are cashing in our multi-baggers...

The guts is, no-one knows where this stock or any other is going to go (look at Nuplex)..the resource here is shallow and has potential, so lets just see where it ends up. My bet is it wont be at 2c at the end of 2010 though!

[corporateraider]

Does anyone have any thoughts on Aussie trades of HTM today?

[Ponda]

Corporateraider,
In my view there is something brewing somewhere with Heritage. We have had rises over the last four or five days with HGD.
And it has been on volumes of over 100,000 shares. (I don't have the exact numbers but from memory it is about that number)
All of the trades have been going into the asks rather than people selling off, so either we have an accumulator slowly picking up shares or we have several people seeing the value of HGD, either way it gives me comfort with my large holding. (well, its large for me, but in reality I'd be at the bottom of the bottom 20 list :))
A few days ago the only bid on the ASX was the one that is still sitting at 1.8 cents.
With today being a red day on both markets, I'm quietly confident:)

[corporateraider]

Ponda
I hope that you are right.
I wonder where all the posters are who climb all over this one on the slightest hint of good news, seeing value at 10,20 or 30 cents.

[Ponda]

Hey Corperate,
During the days of massive amounts of excitement (of which I was a part of and enjoyed :)) it was easy to make comment about what the value of the share was/is/could be. Lots of holders got swept along with the flow and then when the SPP came out along came a lot of the doomsdayers saying that the company was a mess and that is all they have ever done in the last x amount of years.
It is really difficult to identify who the posters are that a) are geniune in their beliefs, b) who are gutted that they didn't have the funds to buy, c) wanting the share price to lift a few pips so that they can sell out at their % profit.
I started feeling quite depressed about the whole thread and stayed away from it for a while. I made a decsion to buy HGD and I still believe that I have made the right call. I may be right or I may be wrong. Peoples perspective of a share is exactly that: their perception. I don't need people from a), b), c) or . . . . z) that I have made a wrong choice. Let me deal with it on my own.

Quite interesting on HC when an announcement is made. We all read the same words yet there are multiple views of whether it was bad, good or indifferant.

Those are just my Ponderings, suffice to say that I am happy with HGD and look forward to the day that I reap the benifits of what we have:D

[Aotea]

Well I would like to take credit for the move on the ASX, buy honestly I cant.

What I can add to this thread is that I have had the chance to meet today with Anton Barber, senior field geologist for Heritage Gold. He gave my wife and I an excellent guided tour of the Talisman mine.

Folks, there's gold in that there hill, lots and lots of it.

I've heard a lot of concerns over different issues on this forum with the Talisman mine and now I can put most, if not all of them behind me at rest.

Room - plenty.

Road - truck and trailer easily with minimal grading.

Bridge - Ex-railway Bridge, which could probably handle the weight of loaded trucks bumper to bumper.

Ore outside the door - Yep, heaps.

Ore inside the mine ready to be taken out - oh yeah!

Heck there’s even electricity within 100 metres of the level 8 entrance.

Yes of coarse, there’s still quite a lot of work to be done. But with today’s experience for me, we’re a heck of a lot closer to mining that I thought we were. :cool:

Great stuff....sounds like you asked all the right questions!!
Thanks for that, very much a relief to hear...

Now its time to see the SP boost.

[Tanger]

I think a lot of investors are still waiting to hear news of the JV partner. HGD still needs cash and experience to get the stuff out of the ground. Until they are able to do that, they are still going to be viewed as an explorer rather than a miner. However, this provides an excellent opportunity to get in at an extremely cheap price.

Lets just hope the Board are earning their money and coming up with a suitable JV partner. 2010 is going to be a very interesting year I think.

[Tanger]

This stock is looking a little suspicious at the moment. A bit of interest/movement the past week or so, and no news. I even check the Companies Office website daily to see if they have incorporated any new companies for a potental JV opportunity. But nothing... but something seems to be brewing.

Unless of course it is just one of us on this site buying....?

[Ponda]

Well I would like to take credit for the move on the ASX, buy honestly I cant.

What I can add to this thread is that I have had the chance to meet today with Anton Barber, senior field geologist for Heritage Gold. He gave my wife and I an excellent guided tour of the Talisman mine.

Folks, there's gold in that there hill, lots and lots of it.

I've heard a lot of concerns over different issues on this forum with the Talisman mine and now I can put most, if not all of them behind me at rest.

Room - plenty.

Road - truck and trailer easily with minimal grading.

Bridge - Ex-railway Bridge, which could probably handle the weight of loaded trucks bumper to bumper.

Ore outside the door - Yep, heaps.

Ore inside the mine ready to be taken out - oh yeah!

Heck there’s even electricity within 100 metres of the level 8 entrance.

Yes of coarse, there’s still quite a lot of work to be done. But with today’s experience for me, we’re a heck of a lot closer to mining that I thought we were. :cool:

Yankiwi,
Love your work. Thanks for sharing with us your tour. :)
One of my concerns have been how they were going to get the ore out. :eek: Your explaination that they will be trucking it over the bridge still concerns me slightly. It's a pre historic bridge and I just wonder if it will stand up to multiple trips per day.
I'm not sure how the locals will feel. I have an Aunt and Uncle who live on the mine side and I should contact them and see what the general feeling is amongst the natives :)

Everything else is getting me excited. POG is lifting again. :D:D

[miner]

Sounds like he painted a rosy picture for you,a few things I would have asked is how they think there going to fit a plant in the front of No8 level and where are the mullock and tailing piles going to be and if he was saying the bridge will handle trucks so what as I understand they aren't allowed to truck ore through the gorge ?.

By heaps of ore outside the door are you talking about that small pile of lower grade on the concrete pad getting overgrown by gorse ?,maybe 5ton,you should have asked what they did with the high grade stuff they dug out ???.

As usual HOPE IT ALL WORKS OUT FOR YOU GUYS.

Cheers
Miner

[Landyman]

Im taking bets on what comes first, Santa or the JV. Heritage must be confident National will win next election!

[Tanger]

Ha ha, I still have a look at the Companies Office website from time to time to see if any new companies have been incorporated with Heritage Gold either a sole shareholder or a joint shareholder. But nothing.....

At least the quarterly reports shouldn't take long to write "Heritage Gold is in discussions with several Chinese JV partners who are at various stages of DD. We don't want to rush it etc etc".

Looks like it will continue to slide until some further news comes out. Now they have the capital raising money in the bank, they won't be in a hurray to make any press releases I suspect.

I noticed on their website that they have updated the top 20 shareholders list as at February 2010. Looks like BAP has disappeared from the list. Bad sign as he was previously one of the most positive about this company. I'll continue to hold, but must admit to being more than a bit disappointed with the lack of progress.

[whatsup]

Ha ha, I still have a look at the Companies Office website from time to time to see if any new companies have been incorporated with Heritage Gold either a sole shareholder or a joint shareholder. But nothing.....

At least the quarterly reports shouldn't take long to write "Heritage Gold is in discussions with several Chinese JV partners who are at various stages of DD. We don't want to rush it etc etc".

Looks like it will continue to slide until some further news comes out. Now they have the capital raising money in the bank, they won't be in a hurray to make any press releases I suspect.

I noticed on their website that they have updated the top 20 shareholders list as at February 2010. Looks like BAP has disappeared from the list. Bad sign as he was previously one of the most positive about this company. I'll continue to hold, but must admit to being more than a bit disappointed with the lack of progress.

I wonder what finally made sell his shares as he really was one glimmer of light on an other wise dull company,
1/ finally realisation the HGD was never going to deliver
2/ better to spend the proceeds else where for more reliable rewards,
3/ 4/ A company that was too small for its own business plan.
5/ A cash hungury company that its own directors NEVER invested in ( have no long term faith to invest in ) via its option or SPP oportunities. 6/ All of the above !!!!

[doon]

5/ A cash hungury company that its own directors NEVER invested in ( have no long term faith to invest in ) via its option or SPP oportunities.
I understand some of the directors may have taken up the SPP (Hill??), but Peter Atkinson certainly did not. And as the Executive Director he will be the one drawing salary expenses etc, plus his directors fees and the 'consulting fees' paid to his companies, from the proceeds of the SPP. Also, it appears he lives in Queenstown- hard to find a location in NZ further away from the principal place of Heritage's business on the Coromandel, or H/O Auckland, and as he is in charge of day to day operations of the company it would be interesting to know how much time he spends 'at the coal face' and head office, and how much it costs OUR company to fly him back and forward to work. If you 'google' him, you will find he spends quite some time mountain biking in Q'town! This years annual report will make interesting reading, if you can see behind the smoke screens and clever accounting.
BAP made a post some time ago explaining he had reduced his holding- guess he is as disappointed as the rest of us with the performance (or lack of), and sooner or later we all have to make a decision as to whether it is worthwhile hanging in here. I intend to hang in a little longer as it is not worthwhile bailing out yet, and I am forever hopeful something will happen soon. Shouldn't take much to push this back to 5-6c ($A), then maybe 10c, but wouldn't be holding my breath waiting for 50c or $1. Good luck to all holders.

[JBmurc]

yep I see peter round biking now an again he has a organized bike group as his hobby I'm sure he wants to see HGD get a j.v an get mining as much as any shareholder- just like I've said you need lots of money which HGD haven't got unless a J.V comes forward look to see more cap raising's

[doon]

[QUOTE=JBmurc;296083]I'm sure he wants to see HGD get a j.v an get mining as much as any shareholder- [/QUOTE
I am sure he is keen. However, he has been a director of Heritage since 1985- don't you think after 25 years he would be starting to push the pedal a little harder or faster!

[JBmurc]

your'd think so time will tell -----time for the pool it far too hot 32c to be inside

[mistymountain]

Why go Chinese? OceanaGold are on backdoor

[whatsup]

Some movement at the station.

[Zito]

Some movement at the station.


I hardly think so. $2,200 worth hardly qualifies as a blip of volume.

[whatsup]

I hardly think so. $2,200 worth hardly qualifies as a blip of volume.

Zit.., It is movement, as the last sale was .025 ( yesterday ) todays sale is at .029 that is movement in my book , small but still movement, so there !!

[Zito]

Whatsup...it sounds like you are hopeful of upward movement in the price....and if so, I wish you and all holders well. However, my point, as before, is simply that a movement of 0.3 cents on such light volume is immaterial. I would be looking for a move backed by some volume before taking any notice. Also - HGD closed yesterday at 2.9c, so the price is steady today.

Apart from displaying some recent support at 2.6c, there is little technically to recommend HGD at present.

[whatsup]

Whatsup...it sounds like you are hopeful of upward movement in the price....and if so, I wish you and all holders well. However, my point, as before, is simply that a movement of 0.3 cents on such light volume is immaterial. I would be looking for a move backed by some volume before taking any notice. Also - HGD closed yesterday at 2.9c, so the price is steady today.

Apart from displaying some recent support at 2.6c, there is little technically to recommend HGD at present.


Zit --there wont be any real action on HGD until a J V is ann then it will be too late for most , but buying umberllas in summer always a good move

[Ponda]

Zit --there wont be any real action on HGD until a J V is ann then it will be too late for most , but buying umberllas in summer always a good move

whatsup. I like the quote :)
Sure there hasn't been a large amount of buyers, but more importantly there hasn't been a lot of sellers either.

The sellers are holding the shares (= money) and they may have to sell, where as the buyers are more than happy sitting back and waiting for the sellers to feed into them.

Whilst I think that in the near term HGD is a good buy, there are always shares out there that could/can/will/would do better, so if you miss the HGD opportunity there are others out there. So, with that in mind, I believe that buyers generally have the control over most shares.

BUT THEY CAN'T HAVE MINE :)

[JBmurc]

whats HGD resource grade, size, depth of grade intersections?? maybe why it's gone no-where for the last 20yrs

I see on E*trade -Peter Atkinson sold 5.24% of his 9.7% HGD holding 16/12/09

[ScrappyO]

whats HGD resource grade, size, depth of grade intersections?? maybe why it's gone no-where for the last 20yrs

I see on E*trade -Peter Atkinson sold 5.24% of his 9.7% HGD holding 16/12/09

This is the latest shareholder info for hgd..........I dont think peter sold anything
SHAREHOLDING STATISTICS AS AT February 28, 2010
Name Shares %
SO CO LIMITED 20,285,714 5.90%
FORTIS CLEARING NOMINEES PTY LIMITED 13,379,420 3.89%
PETER ROBERT ATKINSON 10,901,950 3.17%
HAMISH EDWARD ELLIOT BROWN 10,835,714 3.15%
BESTFIELD COMPANY 9,700,000 2.82%
HFT NOMINEES LTD 7,230,085 2.10%
INTERNATIONAL PACIFIC CAPITAL LIMITED 6,388,685 1.86%
BASIL COURTNEY MCGIRR 6,267,030 1.82%
PETER WILLIAM HALL 5,500,000 1.60%
PROPHECY MINING LTD 5,300,000 1.54%
JAMES LEE MCGIRR 3,649,794 1.06%
RELATIVITY PTY LTD 3,135,618 0.91%
ROBERT M AND RACHEL S WALSHAM 3,102,714 0.90%
TROYWARD PTY LTD 3,000,000 0.87%
FEOH PTY LTD 2,985,714 0.87%
RELATIVITY PTY LTD 2,962,618 0.86%
PACIFIC GOLD RESOURCES LIMITED 2,790,000 0.81%
IANAKI SEMERDZIEV 2,610,714 0.76%
JOHN READER MOWBRAY 2,253,562 0.66%
KARKORAM NO2 PTY LTD 2,250,214 0.65%
TOTAL FOR TOP 20 124,529,546 36.2%
TOTAL SHARES 343,553,188 100%

[JBmurc]

E*trade must have it wrong looks like the same time HGD did there SPP at 3.5c guess with Peter not investing his shareholding % decreased

[STRAT]

Just having a look at HTM.

HTM peaked ( medium term ) just after the POG Dec 09 although clearly something else got punters excited around that time. Im sure yall could tell me what that is however the falling SP, falling volume, falling OBV and falling RSI tell me the market isnt the least bit interested in this one. Going by JB's post neither are yor Directors.

Looks like the cobwebs are growing back over

[Ponda]

Hey STRAT,
On the 4th December we got the mining permit granted for the Talisman mine.
There was also the SPP result.

Thats a brief history lesson, now for today.
People aren't really in the mood to sell their shares and over the last few days we have seen people moving their buy orders up.:D

[STRAT]

Hi Ponda. I wish yall the best of luck but the buy orders are... well, lets say a drop in a bucket. There are a few people whom I have the highest respect for in this stock and that alone has tempted me from time to time but the charts just too grim. Plus Im afraid of spiders :eek2:

[Ponda]

Hi Ponda. I wish yall the best of luck but the buy orders are... well, lets say a drop in a bucket. There are a few people whom I have the highest respect for in this stock and that alone has tempted me from time to time but the charts just too grim. Plus Im afraid of spiders :eek2:

Hi STRAT,
I like HGD, but then again I am a sucker for goldies. :)
I agree that the buy/sell depth is very weak, volume is weak, but as we saw around the December period there was a truckload of activity. HGD is on a lot of peoples radars and they are just sitting back waiting for the next bit of news.
Maybe Peter ATKINSON is not the right person to take HGD forward. Not being disrespectful, but maybe he just doesn't know how. There are alot of people in life who start a project with a hiss and a roar but when the time comes to finish it, they can't. (I know, I'm one of those people)
The post that YANKIWI put up about his tour was like a shinning light. At least someone has been to the coalface and has seen it first hand and spoke to someone attached to the company.
With National getting themselves in a bit of a bun fight lately with the potential to open up DOC land right on HGD's back door is also cause for comfort.

Anyways, STRAT, not trying to convince you, maybe just reassuring myself, that HGD does have potential.

Hope that you have a great day :)

[Tanger]

Does anyone have any information as to what these guys are doing at the moment? I read back over some of the press articles that were released around the time of the permit being granted and they all made mention of small scale hand held mining in the short term. Presumably, they also need to do other regulatory processes before they can start extracting? It would be nice if they gave a bit more information so as we could understand what is happening. One of the Herald articles noted that Atkinson was hoping to conclude JV negotiations in the first half of 2010. However, from all of the other "predictions" that have been made, it seems it may take them longer than this.

[whatsup]

In todays press I see that the Govt in prepared to open some 7000 Ha's of Doc land some of which is in the Coromandal , does this help HGD with its claims in the former proposal that Aunty Helen turned down 20 odd years ago?

[Paint it Black]

In todays press I see that the Govt in prepared to open some 7000 Ha's of Doc land some of which is in the Coromandal , does this help HGD with its claims in the former proposal that Aunty Helen turned down 20 odd years ago?

It may well reduce the time it takes to obtain a Resource Consent to mine Talisman and at the last AGM HGD reported their 100% owned subsidiary Northland Minerals Ltd prospecting in large DOC tenements in Northland which they categorically said would lead to tunnelling not open cast mining if successful (ie in line with National policy of discrete mining only). Already they report good indications up there. Around Waihi HGD have also got exploration permits at Rahu, Golden Valley and Waihi North prospecting and scoping studies much of it in DOC land I understand. Therefore I'd say these recent Govt announcements are potentially very positive for HGD. A quick look at their 2009 Annual report is worth a look. http://www.heritagegold.co.nz/reportArchive/NZX%20Annual%20Report%2009.pdf

[Tanger]

It has been a positive couple of days for HGD this week. It seems the sellers have dried up for now, and the share price has been moving north, slowly. I keep on checking the Companies Office website for any signs of a JV company being formed, but still nothing. Has anyone had any recent contact with the company?

[Landyman]

Any positive news is down to the arrival of the Easter bunny rather than any decent news from HGD. Just wish these guys would make some progress updates available for all, and get HGD really moving!!

[JBmurc]

going off 60mins I'd say HGD investers will be waiting awhile before any gold is mined

[Macleod]

going off 60mins I'd say HGD investers will be waiting awhile before any gold is mined

I missed that, was it specific about HGD or just mining in NZ in general? Do you think you could briefly sum up what was said?

[mistymountain]

It has been a positive couple of days for HGD this week. It seems the sellers have dried up for now, and the share price has been moving north, slowly. I keep on checking the Companies Office website for any signs of a JV company being formed, but still nothing. Has anyone had any recent contact with the company?

Oh my goodness!! SP going north ! Haha is your other name BAP?? the most unrealistically poster on this thread out?!

[Paint it Black]

Oh my goodness!! SP going north ! Haha is your other name BAP?? the most unrealistically poster on this thread out?!

HTM is up 10% today - you better get in fast Misty and Balance! Just joking. Newmont also made a take over bid today for a company and the shares went up 30%. Only heard a part of the story so missed the name of the company. It shows they are on the prowl.

[Ponda]

HTM is up 10% today - you better get in fast Misty and Balance! Just joking. Newmont also made a take over bid today for a company and the shares went up 30%. Only heard a part of the story so missed the name of the company. It shows they are on the prowl.

Hey PIB,
I think that you are referring to the Newcrest Mines offer for Lihir Mines, which was subsequently turned down.
Just my Ponderings and hope you all have a HAGW

[mistymountain]

I've had a good look at the HGD website. My concern for you investors would be the lack of updates since December, the last analyst updates being 3 years ago and generally gaps of info throughout. Even some phone number fields are missing. Hardly a great way to build investor confidence.

It seems bizarrely conincidental that the share allotment was placed during one of those few times of hope, causing SP price ramp, so when shares placed the SP falls back 20% from their strike price.

[Paint it Black]

I've had a good look at the HGD website. My concern for you investors would be the lack of updates since December, the last analyst updates being 3 years ago and generally gaps of info throughout. Even some phone number fields are missing. Hardly a great way to build investor confidence.

It seems bizarrely conincidental that the share allotment was placed during one of those few times of hope, causing SP price ramp, so when shares placed the SP falls back 20% from their strike price.

We had an Activities Report at the end of January 2010 and another to the end of March 2010 is due at the end of April. I really hope however we get some substantive news in the next report on the JV negotiations, ongoing drilling work and the resource consent for Talisman.

I don't agree the SP has behaved the bizarrely. It simply went up in early December with the mining permit approval then dropped due to the rights offer take up dilution. Since then on very low volumes some sellers either needed to bail out due to cash flow issues or think there are better opportunities and the long haulers have been happy to accumulate.

[Landyman]

2.9 and holding albleit low volumes......is that JV murmurs I hear.........

[Jay]

I was starting to get excited ( well not really) then looked at the volume maybe 1 or 2 people getting a few!

[Ponda]

A confident $20,000 buy has just been put up on HGD. at 2.8 cents
It's been fairly quiet here for a while so please excuse my excitement.
Will be interesting to see if that flushes out some more buyers

[whatsup]

Even better news to see that buyer raise his offer to 2.9 on close. :)

You are not alone here Ponda :D

All eyes should focus on HTM in Aussie for direction for the rest of the day.

[Oiler]

Even better news to see that buyer raise his offer to 2.9 on close. :)

You are not alone here Ponda :D

Guys we know that dealing with the Chinese is very slow going at best but maybe we are about to hear about a JV. :D

Instead of two potential JV partners we now have three :t_up: just to add to the slow progress.

[Paint it Black]

Guys we know that dealing with the Chinese is very slow going at best but maybe we are about to hear about a JV. :D

Instead of two potential JV partners we now have three :t_up: just to add to the slow progress.

That's very interesting news Oiler about now 3 JV suitors - can you expand a little on that?

[tobo]

Ponda said $20,000 worth put on at 4:30pm,
and i see $8,000 went through in half hour in total of 4 trades.
Can we assume the whole $20k is one person?
The amount, and the fact that they upped it just 30m later at close to get hit appears rather 'sudden' action.:eek2:
no.__ last Time____Price___Volume ____Value____Number of Trades
1____4:22 pm___2.8___71,428_____$2,000____1
2-4__5:00 pm___2.9___211,900____$6,145____3
If just one person, might mean nothing, or might be a rumour (which itself could be nothing)...but...
as Whatsup says - watch HTM for more clues
HTM
1-3___3:23 pm__2.1___293,900____$6,172____3
no further action in Aus after the Kiwi close. And not much volume at the top of the depth. So that's not very helpful.
2 hours on NZX before Aus opens could set something up for some quick action on Aus open. (Perhaps there just isn't the liquidity to get some richocheting going.)

Again, we are back to looking at the fundamentals : those JVs in the mist.

[tobo]

typo.
richocheting is ricocheting whereby someone gets rich

[tobo]

Joint Venture
Negotiations are proceeding with several Chinese groups interested in a joint venture (JV) over the
Karangahake Project.
Joint venture discussions for the development of Karangahake are not being rushed as Heritage is
seeking a strong technical and financial partner.

Technical information provided by Heritage to prospective JV partners late last year has been
updated to assist these negotiations.

several
means 2 or more?

[whatsup]

Ponda said $20,000 worth put on at 4:30pm,
and i see $8,000 went through in half hour in total of 4 trades.
Can we assume the whole $20k is one person?
The amount, and the fact that they upped it just 30m later at close to get hit appears rather 'sudden' action.:eek2:
no.__ last Time____Price___Volume ____Value____Number of Trades
1____4:22 pm___2.8___71,428_____$2,000____1
2-4__5:00 pm___2.9___211,900____$6,145____3
If just one person, might mean nothing, or might be a rumour (which itself could be nothing)...but...
as Whatsup says - watch HTM for more clues
HTM
1-3___3:23 pm__2.1___293,900____$6,172____3
no further action in Aus after the Kiwi close. And not much volume at the top of the depth. So that's not very helpful.
2 hours on NZX before Aus opens could set something up for some quick action on Aus open. (Perhaps there just isn't the liquidity to get some richocheting going.)

Again, we are back to looking at the fundamentals : those JVs in the mist.

No action here, IMHO I think what really happened is that a internet trader had a itchy finger and accidently clicked the buy button on his/her key board, sad but sorry mistake!!!

[whatsup]

As I thought that last series of trades late yesterday were imho a couple of mistakes. !!!

[BigBob]

As I thought that last series of trades late yesterday were imho a couple of mistakes. !!!

How did you draw that conclusion....?

[tobo]

How did you draw that conclusion....?

He's saying it's just one order, and no-one else is doing anything, so presume it's not a signal that some action will occur today. (And could even be a slip of the finger)

I note the remainder of the order is still there, not pulled, so maybe not a mistake, just someone who decided to buy.

A big sell order has lept in, in the hope of cashing in.

Still all quiet on HTM

[Landyman]

Its probbaly just Balance, who may not have taken part in the SPP, and buying in now at the cheaper price.

HGD is surely a when, rather than and if. In hindsight, wish I had held my money at SPP time and then could have bought up more over recent months.

[Aotea]

I heard there were four JV parties in negotiations....??

[777]

Ramper.............

[Landyman]

That buyer just seems to have had a decent curry at lunch, got all hot an bothered and bumped order to 3c, nice, mark that in your diaries, 13:06 was when the worm reared its head!!

[whatsup]

That buyer just seems to have had a decent curry at lunch, got all hot an bothered and bumped order to 3c, nice, mark that in your diaries, 13:06 was when the worm reared its head!!

Curry makes one "itchy" but not in the finger!!!

[Aotea]

If you go back a few pages, I think you will find a poster had made the same comment about 4 JV partners 777...

[whatsup]

All eyes should focus on HTM in Aussie for direction for the rest of the day.

Ahha, Somethings up in late Aussie trading today up a weeeee bit but after weeks of nothing could be a sign of things to come, good luck all!!

[mistymountain]

You HGD optimists are so hard case.

You all get excited with any SP lift like today to $0.03 but fail to mention the falls.

Today we see a market close of $0.027. A day's loss of 10%.

Facts are the current buy is only $0.026. This indicates a company on the edge of insolvency.

[Ponda]

Ponda said $20,000 worth put on at 4:30pm,
and i see $8,000 went through in half hour in total of 4 trades.
Can we assume the whole $20k is one person?
The amount, and the fact that they upped it just 30m later at close to get hit appears rather 'sudden' action.:eek2:
no.__ last Time____Price___Volume ____Value____Number of Trades
1____4:22 pm___2.8___71,428_____$2,000____1
2-4__5:00 pm___2.9___211,900____$6,145____3
If just one person, might mean nothing, or might be a rumour (which itself could be nothing)...but...
as Whatsup says - watch HTM for more clues
HTM
1-3___3:23 pm__2.1___293,900____$6,172____3
no further action in Aus after the Kiwi close. And not much volume at the top of the depth. So that's not very helpful.
2 hours on NZX before Aus opens could set something up for some quick action on Aus open. (Perhaps there just isn't the liquidity to get some richocheting going.)

Again, we are back to looking at the fundamentals : those JVs in the mist.

Man, I want to just climb down this computer sometimes and give someone a slap. Not meaning you Tobo. :D

It's been a few days since I did that post and since then I have been Marlin fishing today and had a fair few rums and it's 2.30 in the morning, but I feel that I should reply to Tobo.

That sale that went through on Thursday was one order wanting about 714,000 shares at 2.8 cents. There was already a sell in there for 2.8 so that got taken out by our buyer. There was then about 643,000 remaining to buy at 2.8. for about 30 mins.

Buyer was hungry (like the marlin was today :D) and lifted his buy order up to 2.9 just prior to the close and brought some more at 2.9.

Looking at the course of trades today I wouldn't be surprised if our buyer has had to lift his buy price during the day and ended up paying 3cents for some of them. Thereby completing his initial value of order that he wanted. i.e. the $20,000.

Some one has then decided that they need $2,000 for the weekend (I know, I know T3) and sold 70,000 shares.

It was definately no mistake. They went hunting.

I do not have any inside information or crystal ball, however, I am more than comfortable with my holdings in HGD and will continue to hold for a while yet. And yes, I am in a paper loss situation, currently.

I believe that there is a profitable future with HGD, we don't know what goes on behind closed doors and I will wait for those doors to be open.

P.S. For an updated, edited version of this, check tomorrow after I see what a sleep deprived, alcohol addled post I have done :D

[Ponda]

OK Back again after having a look at HTM for today. What I make of that is:
Somebody wanted 100,000 worth of shares, so he has taken out the 2 cents and then had to fill the remander of his order at 2.2 cents.
AFTER that trade went through somebody else has come in a put an order in for 465,000 shares at 2 cents. value of $9,300.
IMHO the indications are tipping the scales in a postive way than a negitive way at the moment.

Right, now that thats off my chest best I go and get some sleep.

[tobo]

thanks for your thoughts, Ponda.

It occurs to me that any leaked information is more likely to affect HGD sp first rather than HTM (since Heritage staff and testing people are all in NZ, and assuming they tend to own on NZX).

But I guess imminent ann of a JV would be known by overseas directors and legal people of the counterparties, but would be carefully controlled to avoid looking like insider info, (Can't blame on junior staff in a testing lab blabbing).

Hence the people watching for 'abnormal activity' are sensitive to small activity.
And low liquidity means sp response could be quite volatile.
But only if it's a rumour that is perceived as being bigger news than just a little ole mining permit, which a JV could be if it addresses funding and/or mine development.

Discl: Gold - HGD, MCO, NAV

[mistymountain]

If this is a fact Misty, what condition would the company have been in when I made my first HGD purchase in Feb 09 at $0.017?

35% below the edge of insolvency? :rolleyes:

Quite likely. Though Feb 09 was a time of over oversold equities across all sectors. OGC was at $0.20 now $3.55. BGR $0.60 now $1.30. PPL $0.70 now $2.30. The latter both payiing dividends.

Point is though the HGD went onto print mores shares at end of 2009 to keep solvent. Shares sold at $0.035 with a drop back to $0.027 now indicates a slide to $0.01? soon. Watch this company sink completely IF it is not rescued by another company. Fine line if the rescue fails to eventuate.

My gut feeling is that the IF will be a NZ company not Chinese.

Those shareholders who purchased 6 months ago have lost 30% in value on a downtrend that hasn't stopped.

One of my last posts said it wouldn't end until sub 2. I cannot see why that prediction won't eventuate in the next 3 months

[Tanger]

So, the next quarterly report must be due this week. It would be nice for there to be a proper update this time, rather than the cut and paste of the previous one that they usually do. I suspect the usual "negotiations are progressing with interested JV partners" is not going to cut it too much longer. This would have to the be the longest due diligence exercise ever undertaken!!! Fingers crossed for something a bit more positive.

[Landyman]

Maybe the shareholders could pitch in a few more thousand to get a decent Chiense translator. Come on HGD, you can do it!!

[whatsup]

So, the next quarterly report must be due this week. It would be nice for there to be a proper update this time, rather than the cut and paste of the previous one that they usually do. I suspect the usual "negotiations are progressing with interested JV partners" is not going to cut it too much longer. This would have to the be the longest due diligence exercise ever undertaken!!! Fingers crossed for something a bit more positive.

T..., I dont recall that Due Diligence was ever mentioned, J V negotations yes but D D no, please update me.

[wbosher]

Maybe the shareholders could pitch in a few more thousand to get a decent Chiense translator. Come on HGD, you can do it!!

Chiense translator? Could perhaps use a good English one as well. ;)

[Tanger]

T..., I dont recall that Due Diligence was ever mentioned, J V negotations yes but D D no, please update me.

Whatsup, the Quarterly Activities report to 31 March 2009 contained the following "Discussions with potential joint venture partners on the Karangahake Gold Project are continuing. These have progressed to the stage where two interested parties have visited the project and undertaken preliminary due diligence."

And then the Quarterly Activities report to 30 June 2009 stated "Several parties who have expressed interest in the project are reviewing the digital data and assessing the geology, drilling results and drill core in the field."

Hope this clarifies. I wasn't trying to suggest DD on the company itself, but rather the project.

[whatsup]

Whatsup with HTM in Aussie today?

[Ponda]

Whatsup with HTM in Aussie today?

Someone is feeling very hungry.:D
Maybe, just maybe, things are starting to move in the right direction for us.

p.s. It's nice to see the two orders for 450,000 sitting there at 2.1 as well

[Ponda]

Someone is feeling very hungry.:D
Maybe, just maybe, things are starting to move in the right direction for us.

p.s. It's nice to see the two orders for 450,000 sitting there at 2.1 as well

2.2 bid and a 2.5 ask on HTM.ASX on OK volume
There was thought that the NZX would move first as all of the main players are here in NZ, but it looks like Aussie wants to take the jump on us. Let them I say:D

[Landyman]

Quarterly is out, and......."Heritage is broadening its search for a technical and financial partner. As part of this process a project development outline is in preparation, highlighting the steps to commencement of mining". ie we cant find anyone.

[Paint it Black]

Quarterly is out, and......."Heritage is broadening its search for a technical and financial partner. As part of this process a project development outline is in preparation, highlighting the steps to commencement of mining". ie we cant find anyone.

Yep sounds like it to me as well. It astounds me that they seem to be only now beginning to prepare a project development outline - surely after getting the mining permit in December this would be the first thing to do. This also means the Resource Consent has also not progressed. The directors seem to be spending all their time waiting for something to happen and depending upon the University of Auckland to help them along which could take forever. They need to appoint a dynamic CEO and get this show on the road!

[ScrappyO]

That Quarterly was last straw for me so i dumped my last 250,000 on the bell.Will continue to watch but i have finally woken up and will invest elsewhere.
Good luck to those holding.

[mistymountain]

There you go you optimists....

This company really is a dud. Sub 2 cents here we go!

Check out a real miner like OGC instead.

[Paint it Black]

There you go you optimists....

This company really is a dud. Sub 2 cents here we go!

Check out a real miner like OGC instead.

You may be right but if it does I'll be buying - there's huge upside with this company if only the directors especially Peter Atkinson would focus on getting the resource consent in place and have a Plan B & C with local contracting/mining expertise. Looking at the board make up it is too widely spread and I wonder how much communicating they actually do. With the march down Queen St on Saturday the RC will now get harder the longer the application is delayed especially if it is notified. I'm really not convinced bringing a Chinese company into Waihi is the prudent thing to do. Time would be better spent going solo with the $2million in the bank, getting the documentation in place and then or in parallel finding a strong local partner.

[mistymountain]

As I have said before it won't be Chinese... that's a red herring. Wait til the cash goes for another capital raising in a few years time. If a JV I still think local NZ company at some stage but who?!

[Crypto Crude]

theres something in this stock, but as always... its going to take time...
a long time...jeeezzzz Im real glad I sold all mine for a 50% profit give or take...

JBMurc must be spewing at our bet......
LOL, PEN is way better...
I agree...

Be patient or dont be a shareholder at all...
Gold nuggets are there...
:cool:
.^sc

[JBmurc]

theres something in this stock, but as always... its going to take time...
a long time...jeeezzzz Im real glad I sold all mine for a 50% profit give or take...

JBMurc must be spewing at our bet......
LOL, PEN is way better...
I agree...

Be patient or dont be a shareholder at all...
Gold nuggets are there...
:cool:
.^sc

Your be spewing when PEN hits 9c later this year shrewd unless you plan on getting on board?
As for HGD far to many better micro cap gold&silver explorers on the ASX to bother taking the risk of a maybe J.V

[Ponda]

Maybe somebody didn't see what American market did last night.... or...... maybe somebody saw the price of gold this morning and decided to buy.
Hope my other goldies do the same... today

[whatsup]

Maybe somebody didn't see what American market did last night.... or...... maybe somebody saw the price of gold this morning and decided to buy.
Hope my other goldies do the same... today


Some one else has noticed.

[Jay]

I saw that as well but it was ont around $1100 for HGD.

Sold mine the other day, but may rebuy - surprised it did not drop further, must be all you guys here holding on to them and not selling!

[Ponda]

Thats just a crazy day in a crazy market.
HGD up 16%
HTM down 30% (on a $135 trade)
Maybe good buying there if stop losses come into play.

[Cannibal]

No idea if it will help but The Herald is running a poll on mining conservation land here - http://www.nzherald.co.nz/

Can't hurt to vote I guess...

The opponents are more vocal but they are in the minority on this no-brainer.

[Landyman]

Still (very) minor interest in HGD with support today at 2.7, the JV still seems a long way away though. Does anyone know what they need to do to get Resource consent signed off?

[Ponda]

Not sure of your answer, sorry.
Just thought I'd post cause it's 1.00am and the POG is just going off big time. $1,221.96 US.
Man, if only we could get some of it out of the ground:mad ;:

[elZorro]

Hi Yankiwi,

Do you think you have time to wait for HGD to get moving? Maybe you could test a bit of that capital out over at OGC for a few days, it might be more interesting..:).

[whatsup]

I agree with you on this front Ponda.

It's been 5 months +/- since we've been awarded our mining permit and I would have thought we'd hear more about progress towards production than we have thus far.

On a brighter note, in the last announcement (https://www.directbroking.co.nz/DirectTrade/dynamic/announcement.aspx?id=2499730), a bit of previously questionable information has been released.

"The scoping study's base case scenario suggested progressive development to
sustainable production of 50,000 oz gold per annum over 3 years, with a
medium term objective of up to 100,000 oz gold annually, and construction of
a suitable treatment plant."

I'm not by any means ruling out a potential JV with Newmont. They have publicly stated they want more "high grade" ore, from within trucking or pipeline distance, for their Waihi processing plant. Our Talisman/Rahu project fits in their criteria perfectly and an existing mining permit is already in place.

IMO, if Newmont aren't currently in some form of talks with Heritage about a JV, then the Heritage name is being spoken loudly behind the very rich Newmont corporate doors. You don't need a business degree to read that writing on the wall.

Then you have to look across the ditch. I'm sure they are several aussie mining companys looking for projects outside the country boarders in which they wont have all profits paying tax.

Heritage for me is an exciting investment which I'm very happy with based on the facts we already know. If even one of my "unheard" thoughts are somewhere in the making, then I'll be questioning myself why HGD was only 80% of my total portfolio, which it is now. :cool:

Y K ,, IMHO its obvious to me that NEW... are waiting for HGD to fall over then buy the whole company from the receiver.

[keepitsimple]

Y K ,, IMHO its obvious to me that NEW... are waiting for HGD to fall over then buy the whole company from the receiver.

Why wait for the receiver hgd,s total capilisasion is b all anyway.

[whatsup]

Some movement today----- interesting (may beeeeee) !!

[Lizard]

Probably closing out the shorts - I took a glance through the NZX April short sales report this morning. What stood out was the level of short sales going on in this stock over the past 3 months - around 10-20% of volume.

[mistymountain]

Why wait for the receiver hgd,s total capilisasion is b all anyway.

Good Call regarding Receiver!! and why do posters here get so excited with a tiny shift from 0.027 to 0.029. If you want genuine gold exposure buy OGC.

[lager]

Great news ==> http://www.stuff.co.nz/business/market-data/3689377/Kiwi-goldminers-riding-high
But HGD hasn't shown any good improvement in it's share price.

[whatsup]

1/2 Mil shares traded so far today, and a (small ) price rise to boot!!!

[whatsup]

1/2 Mil shares traded so far today, and a (small ) price rise to boot!!!

Now OVER 1 Mill ( 4 minutes later) somethings up--whatsup??

[Ponda]

1/2 Mil shares traded so far today, and a (small ) price rise to boot!!!

Make that a million now, Whatsup and all the 3's taken out.:D

MMMMmmmmm, gotta wonder why


DISCL: Hold HGD

[whatsup]

Now OVER 1 Mill ( 4 minutes later) somethings up--whatsup??

Up again now 10% + for the day (so far) ---- cooee !!!!

[Tanger]

Buyers on the ASX now as well. Aus 2.5c. Anyone know anything? Or is this just in relation to the price of gold. OGC been on a steady rise as well.

[Ponda]

Buyers on the ASX now as well. Aus 2.5c. Anyone know anything? Or is this just in relation to the price of gold. OGC been on a steady rise as well.

IMO whatever it is (if its something) has got to be big and it has to be soon. My reasoning for that is that HTM has been sitting for about a week with the 2- 2.5 split. If there was nothing but the POG then I would be putting my 250k bid at 2.1 for a while, not just slamming the 2.5.
Same with HGD. It reminds me of kingfish climbing all over themselves so they can get the lure. (I LOVE IT)
Those are just my Ponderings and could be well of the mark.

[Zito]

Any truth to the rumour that a mining company with a licence to mine in the Coromandel has made a submission to the select committee regarding mining on conservation land - and that the submission was in fact against extensive mining? I wonder if it was HGD. And why on earth???!!

[Zito]

Thanks Yankiwi, I hadn't known the name had been made public.

Z

[mistymountain]

I don't know anything new to cause today's action. I've already said pretty much what I do know about HGD.

The quartz veins are there in the Talisman. The mining permit has been awarded. Heritage intends on becoming a producer in a JV.

Newmont has shown no interest (and I find that very suspect). I do know that Newmonts mine rescue team does run drills in the Talisman for training for time to time, so you can be sure they know the gold is there too.

If you can afford to tie a bit of money up for between the next couple of weeks to couple of years, I don't feel you can go wrong. IMO todays prices are a bargin compared to what they will be once the SP really gets rolling. If you want to wait till it sets off, then there's a very good chance you'll be to late. I topped up my already top heavy portfolio a couple of weeks ago. If the sp drops back once again to the 2.5ish level I'll top up with even more.

HGD has money in the bank now and wont go belly up with their current funds, unless they rapidly increase their spending. But if that new spending went towards upgrading their JORC or building a processing plant, would the sp be dropping?

I have time to wait until I catch this bus. My ticket has been purchased and I'm ready to board, but it's one bus I not going to be late arriving at the bus stop. :cool:

So Yankiwi now HGD back to mid $0.02 you topping up now?

[elZorro]

Yankiwi, have a look at OGC too.

[Ponda]

TV1 reports it was Newmont.

This surprises me, in a good way.
If Newmont is against mining in the Coromandel that surely has to be a good sign for us.
Newmont has stated that they are looking for more areas to mine, yet they have come out and said that they are opposed to mining in government reserves. That will limit any opportunity that they may have in being able to aquire more land for themselves.
Why would they do that?
Do they not back themselves in winnng a permit?
Are they afraid that the Govt will award any permits to a NZ mining company as opposed to an overseas company?
Newmont have the infrastructure to process any gold from Coromandel, so the capex will be a lot lower than any new kid on the block and also a lot lower than de-establishing their operations and moving to some other part of NZ.

In my mind Newmont have two (ok, three) options
1) Have a financial interest in HGD, whether it be a JV or a takeover,
2) Aquire more tenements, or
3) Pack up shop and walk away.

They have just shot themselves in the foot with Option 2, by making that submission
They have too much invested to consider Option 3
Which leaves Option 1 as the most viable and they had better pull finger as each day they are at risk of being too late.

Those are just my Ponderings on a fantastic Thursday moring, with the price of gold sitting at $1209USD and $1820 NZD.

P.S. Hiya Yankiwi

[whatsup]

Theres "movement at the station," lets hope that interest continues tomorrow and the next day and the next day and the next ...........

[mattyroo]

I think you will find that Newmont aren't against mining in the National Parks, or the Coromandel either, it was the idiots from the Labour party running one of their relentless non-story beat-ups. One day they may wake up and realise why their sorry asses were kicked to the kerb in the last election.

"A mining company says the Labour Party "got it wrong" when it said the company was against mining on Schedule 4 land.

Newmont Waihi Gold last week sent a submission to the government on its mining proposals titled: "Leave Schedule 4 Alone, says mining company".

The submission asks the government to "leave Schedule 4 land exactly where it is - under protection from open pit mining and exploration - for now".

But Newmont's external affairs manager Kelvyn Eglinton said on TV ONE's Breakfast programme Labour has taken the submission out of context.

"The Labour Party has really got it wrong. This submission is more in alignment with the government than perhaps any other."

He says the company is not opposed to mining on Schedule 4.

"Quite simply, all we are adding [in the submission] is a system where we look at low value lands ... We've said that we don't want to mine the highest-value conservation spaces."

Advertisement

Labour's Conservation spokesperson David Parker yesterday lauded the company's submission, saying in a press release: "Mining companies are among the more than 35,000 people and organisations who have made submissions to the government urging it not to remove Coromandel land from Schedule 4 protection."

But Eglinton says there is some land in Schedule 4 that does not meet the highest tests of Schedule 4, and these lands should be explored.

"What we are suggesting is that those lands should be studied."

He says there is a lack of information on both sides of the debate.

"There's a lack of information around conservation values of lower value lands, but also the mineral potential." "

[Ponda]

I'd much rather have BP than NZO as a JV.:D
All BP does is put a pipe in the ground and the stuff just flows and flows and flows :confused: and once it starts to flow they are not in any rush to slow it down.

[Landyman]

Would be nice for a small uplift before the (possible) JV announcement. I remeber before the mining permit was issued, it started to ramp up early, but then everyone knew (vaguely) when it was due to be issued. Any lift at the moment seems to be pure speculation. Was one of the conditions, "mining must start within 5yrs oif issue of permit"? Means we got less than 50mths for something to happen. Surely it will be this year?????

And financials are out with talk about JV partners........"continuing". Slowly but surely, HGD will do it!!!

[whatsup]

Full year results out , still treading water NOTHING TO REPORT--again !!! ughhhhhhh !

[Landyman]

Is GR8DAY still out there, maybe he can get a positive spin on it......

[Stumpynuts]

Well it's Friday & that makes it a gr8day, so I'll have a go at it.

"LOOKING AHEAD

Gold Projects

The company will continue with its broad approach to finding a Talisman joint
venture partner while maintaining discussions with Chinese companies.
Further development options will be considered."

~This is the first I recall HGD mentioning the possibility of a non-Chinese JV partner. Having worked within international firms both here and back home in the States, I'd surely prefer this newly stated option. The language barrier can be very disruptive.


"Work planned at Rahu will improve the geological model and guide resource
drilling."

~ So we're going to do some critical research prior to drilling Rahu. A far better option then throwing a feather in the air and drilling where it lands. I'm all for an JORC upgrade, bring it on!


"Total operating expenses 575,902; 2,874,828"

~ In the last year we've cut operating expenses by 80% and have gained a mining permit.


I agree, some of the good news we're all looking for may not be there yet, but I can see any bad news. :t_up:



Hi Yankiwi,
You said somewhere in a previous post that you actually went to visit HGD in person - Apart from the 800k - 3mill in their reserve estimations, did you manage to find anything about the amount of gold oz that they HAVE CONFIRMED IS ACTUALLY LOCATED AND SITTING THERE?
And if you managed to ask about the progress of JV's or not, were you able to talk with company staff and read their facial emotions/body gestures to decide for yourself whether or not that they themselves as a company are confident that a JV will eventuate?

Hmmm, seems a bit of a nitpicky question to ask? LOL

[Stumpynuts]

Hi Yankiwi,
did you manage to find anything about the amount of gold oz that they HAVE CONFIRMED IS ACTUALLY LOCATED AND SITTING THERE?


Sorry the answer is probably already stated somewhere else, but can't be bothered finding it .... :p

[Landyman]

Yankiwi, is that you who keeps topping up your portfolio, support is being maintained.........maybe youve changed Mistys mind?

[JBmurc]

HGD has JORC resource of 205,000 oz gold at a grade of 6.9g/t and 800,000 oz silver at a grade of 27 g/t. Their unconfirmed estimate in which you refer, I have no reason to doubt. HGD is not a company which over promises and under delivers. They say it like it is (even if it's painful) which makes investing in the company easier for me to stomach than the likes of a south island coal miner.

You should also bare in mind that all of the quoted resource figures are only made up only from the Talisman project. They do not include Dominion Knoll, Rahu (very promising IMHO), Valley.[/QUOTE]

Any idea the average an largest width at high grade gold mineralisation an at what depth from surface at their talisman project..
Cash at the bank
the rudd tax one bonus for HGD of late

[mistymountain]

I'm happy to eat my hat if this company delivers for loyal shareholders. But with a SP return to $0.026 I see no chance of that...

OGC is currently mining, making profit and expanding known resource. HGD is unable to find anyone who wants to help mine their resource let alone doing it themselves.

[Tanger]

All gone quiet on the HGD front. Has anyone had any recent dealings with the company and know what they are doing? (if anything).

[mistymountain]

Given your optimism Yankiwi that must be why the shares are now being bought at $0.021

[miner]

Sounds like allot of eggs in one basket,hope it all works out for you.

Cheers
Miner

[Tanger]

Someone has a buy order in on the ASX for 5,000,000 shares in Heritage Gold (albeit at 1.6c AUS). YanKiwi, seems a bit much even for you!!! Lets see what develops.

[mistymountain]

I'm not sure where you're looking MM, but it seems to me the lowest any HGD shares have traded on the NZX in the last 6 month was 2.2c

26-Week Range: 2.2 - 4

https://www.directbroking.co.nz/DirectTrade/dynamic/quote.aspx?qqsc=HGD&qqe=NZSE

Are you willing to sell me some @ .021?

That's what was being offered yesterday...