Australian (ASX) Stock Market Forum

ATV - Atlantic Gold

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stumo said:
hello everyone and anyone... still new at this so be kind! :)

This is one that jumped on my watchlist today finishing up 17% and doubt it was a belated response to announcement Thursday morning - any ideas? Feasibility study out early next week maybe?
Click to expand...

yes yes sold out of this and bought into rtl, (although still holding a shade over 250k in oppies), will wait another month or so to see if rtl stands up to atv (fingers crossed i wont have to uppercut myself!).
Personally i think they will both do well, atv looks as though its into a wave 5 move now whereas rtl could seems to heading into a wave 3 (amateur ew mind you!). Both stocks are entering a period of goal completion which will push prices.
 
Re: ATV - Atlantic Gold last 16.5

Finished Friday at 16.5=up 4.5 on the week.

However still plenty of upside in this share. Gold up over the weekend may help today, although rather than looking short term the real value is in the medium to long term, with substantial underexplored holdings in Nova Scotia, with the companys stated aim to find duplicate Touquoy like deposits as they increase their exploration budget, funded from the cash flow to be generated from the upcoming mine.

Add to that the potential for a much higher Gold price over the coming years (not only my opinion but that of Jim Sinclair, Richard Russell et al, and who am I to argue with them?).

It appears that the word is finally starting to spread about Atlantic Gold.
Positive Ministerial Decision on Touquoy Gold Project appears to have ignited significant interest and with increasing share volume things are looking very interesting.

http://www.giftsofnz.com/atlanticgoldundervaluedshare.html
 
Read a favourable analysts report on Atlantic, otherwise i doubt i would have ever heard of it. I like the areas they are exploring in Canada, seem like they are in good gold territory. Jumped in at 15 cents but may be at least 12 months away from doing anything spectacular. High quality board so im pretty confident they will do well. This is all just a laymans opinion, but good luck to all that hold it
 
Can anyone supply me with the Top 20 Shareholders for this company or a link that may supply it? the information is not on their website and i e-mailed them (suprise?) NO response.
 
Something in the wind with Atlantic Gold? Usually daily trades number around the 20-40,000 mark, 100,000 on a good day. Todays total 4,500,000 as of 2.33pm!!! Anyone able to provide any rhyme or reason for this?
 
Just carrying on from my previous thread, i also noticed that the increase in share tallies today was all in round number increments. i wasnt watching all day but i believe i saw round number share sales moving from 100,000 to400,000 to 1,600,000 to 2,400,000 to around 4,600,000 finishing at 6,400,000 or there abouts. All very round numbers? Im thinking directors increasing share holdings possibly? Or am i just conspiracy theoring? Or being new to this just something i just dont know/understand? Any thoughts?
 
Nice resources upgrade today at Nova Scotia to a total of 1 million ounces, shame its full of red ink, managing to hold its position & put on 0.5 to 15.5 on low volume (380,000 as of 12.20). Better than a poke in the eye with a burnt stick!!
 
Hi all, being relatively new and not being subscribed to any web based financials, i noticed over 600,000 atv shares were chewed just before close of play today. Would one of my fello asf members who are able to view this info post it on this thread for me? I was curious as to the size and number of transactions involved ad the volume of buyers/sellers queuing up.
Many thanks to anyone that obliges!!!
 
Springhill go to stocknessmonster.com, put in atv and click the green arrow. It will give you the last ten trades:eek:
C
 
Announcement, 14 September


INTERIM ASSAYS SHOW 25% GRADE INCREASE AT COCHRANE HILL, NOVA
SCOTIA

Atlantic Gold is pleased to announce highly encouraging progress results from
sampling and assaying previously un-assayed intervals of historic Cochrane Hill
diamond drill core recovered from storage. This program of evaluation of historic core was foreshadowed in Atlantic Gold’s announcement on 27 July about its Cochrane Hill resource upgrade to 4.7 million tonnes @ 2.5g/t for 373,000 contained ounces of gold.

By simply “filling in the blanks” – no re-assaying of previously assayed core was conducted – these progress results from the first six drillholes investigated average a 25% increase in grades from those applied in previous resource estimates, including Atlantic Gold’s recent resource estimate referred to above.

In addition new mineralisation has been identified in a previously un-sampled
drillhole located to the east of the present deposit.
Drill core dating from the 1970s and 1980s had been selectively assayed with
intervening un-assayed intervals having been ascribed zero grade for the
purposes of previous resource estimates. Core from 56 diamond drill holes has
now been recovered from the Nova Scotia Department of Natural Resources’
core library and to date 29 of these holes have been re-logged and previously
un-assayed intervals sampled on a priority basis. Assay results have now been
returned from six well mineralised drillholes located within the resource and
these results are summarised in the following table:

...

15.5c
 
A guy put 271785 shares offering to sell at 0.165. Is he for real? I doubt.
ATV's daily volume is around 0.5m, It is just impossible to walk out, if you sell in this way. Either he is a amateur who do not know this or a professional trader who try to manipulate the price. I do not think a amateur investor will have 271785 shares in small shares like ATV. So I think it is more likely to be a professional trader manipulating price and his intention is to get more ATV.

If I am wrong, I am sorry to make you burnt. :rolleyes:
 
Hi Ta

Thanks for your comments.


Some movement in price today.

SP started at 15c and went to 17.5c.


Currently 16c.


The oppies went up over 80%.


Not sure what to make of it.


Additional info:
Oppies 3c - up over 30%
 
Share Structure

162 Mil FPO
+ 16.5 Mil 12c Optns
30 Mil Part Paid to 9c unpaid 11c
15 Mil 15c & 20c Unlisted Optns Ex 08 - 10


Mkt cap @ 16c

$26 mil undiluted
$28 mil with 12c Optns exercised on 1 Nov 07
$36 Mil fully diluted


Cash
Apprx $1Mil + 1.6Mil from 12c Otns expiring on 1 Nov 07


Resources
Currently has the controlling interest in JORC resourses of just over 1Mil oz in Nova Scotia, Canada

Torquay
11.3mil t @ 1.8 g\t for 653,500 oz contained gold - ATV 60%

Recently completed an Engineering and Cost Study based on only 400,000 oz of Measured and Indicated.
Open pit operation with low stripping ratio and Cap costs of $74Mil for a 2 mil t\pa operation producing 90,000oz pa at a cost of US$314\oz.
Surplus funds @ $700\oz gold price would be $169 Mil with $101 Mil to ATV.


Cochrane Hill
4.73mil t @ 2.5 g\t for 373,000 oz contained gold - ATV 60% - can earn to 80%

Cochrane Hill is 80km from Torquay and the resouce generally extends from surface to 150 m depth. Cores from historic drilling are available in the NOVA Scotia Dept of Resources and 110 cores are presently being re-assayed.
This resource could be trucked to Torquay and while this would add to the production costs, there would be only minimal Cap costs.
Surplus funds with production costs of $400\oz and $700\oz gold price wuold be $112 Mil with $67 Mil to ATV


In addition the company believes there is a very good possiblility of further exploration success from the present tenements.
The management look to have the experiance to bring this to production and currently have local support for the operation.


Holding
 
Not sure what is going on here.

17.5c. Not much for sale.

This seemed to have happened recently and then it dropped.

TA, what do you think?


:)


Options

Up 63.333%

Up over 100% yesterday.
 
I would hold my ATV.
the 14c seems to be a very strong support level. the risk is 3c per share.
If it breaks out, the price could be anything.
I think the chance of break out is high.
If the close is strong and volume is high, I will double my position .
If the close is weak, hold. Wait more information comes out.
 

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Ta

Thanks a million.

Chart looks good.

I don't intend to sell these, yet. Not much for sale, either.

Increasing gold price, too.
 
19c, up 11.765%


http://www.asx.com.au/asxpdf/20071025/pdf/315bz1p67rt8qp.pdf


INTERIM ASSAYS CONTINUE TO SHOW GRADE INCREASE AT
COCHRANE HILL, NOVA SCOTIA

Atlantic Gold (ATV) is pleased to announce further encouraging progress results
from the sampling and assaying of previously un-assayed intervals of historic
(1970s and 1980s) Cochrane Hill diamond drill core recovered from storage. This
program of evaluation of historic core was foreshadowed in Atlantic Gold’s
announcement on 27 July about its Cochrane Hill resource upgrade to 4.7 million
tonnes @ 2.5 g/t for 373,000 contained ounces of gold and builds on previous
positive progress results announced on 14 September.
This latter announcement summarised assays from six well mineralised drillholes
(see table below) which indicated a 25% increase in grade from those applied in
previous resource estimates (including that recent resource estimate referred to
above). This grade increase is a result of assaying intervals of drill core within the
mineralised resource envelope which had not previously been selected for assay,
but had been ascribed zero grade for the purposes of resource estimation.

etc
 
Still 19c, which is good.

More would be better and 19c is cool.


:)


Gold price at highs have not seen for over 20 years.

$793 oz.
 
20c all gone yesterday.

Options expiry at 12c so may see some selling over next couple of weeks as people sell shares and take profits. I hope not.


The company has optioned a plant and a mining engineer is going over to check it out. The last of government approvals happening now (apparently Canada is quite bureaucratic).


AGM on 23 Nov. to approve placement of 19.1 million shares, subject to sharholder approval -

- 7, 692,308 shares to Macquarie bank (issue price of 13c)

- 6, 000,000 shares to Patersons Securities and their clients (13c)

- 5,401,733 shares to CRX Investments P/L (as issue price of 13c)


To raise $4.2 million for a number of reasons. See below.


http://www.asx.com.au/asxpdf/20071030/pdf/315h0p32yjff89.pdf"


Macquarie bank and ANZ Nominees are amongst current Top 20 Shareholders already.
 

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