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CYM - Cyprium Metals

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Re: ARX - Austindo Resources Corporation

lol...mathematically not possible, as nobody would sell their shares at zero cents.

I was just trying to make a point that we shouldn't assume a baseline sp for a company on a donward trend with cashflow problems.
Bankruptcy is the bottom line
 
Re: ARX - Austindo Resources Corporation

Wow, I had a bit of a look at this one last year for a rank outsider chance and I'm just glad I didn't get involved. As YT pointed out in 06 the numbers looked pretty good, so what is the problem? Is it that management can't get it all together or is it just a problem trying to mine in Indonesia?

It was the uncertainty and my lack of knowledge with companies doing business in Indonesia that I originally shyed away. I guess sometimes it pays to trust your gut.
 
Re: ARX - Austindo Resources Corporation

The thing is that (supposedly) there 3 or 4 months away from production
and (claim) that there fully funded to start production.

maybe they have just had incredible bad luck and now its all
about to come good.:dunno:
 
Re: ARX - Austindo Resources Corporation

So_Cynical said:
The thing is that (supposedly) there 3 or 4 months away from production
and (claim) that there fully funded to start production.

maybe they have just had incredible bad luck and now its all
about to come good.:dunno:
Click to expand...

Where did you see the 3 / 4 months from production / fully funded ? I have had a quick look at the announcements and website but cant see this ..
 
Re: ARX - Austindo Resources Corporation

Austindo have posted the prodcution wont be until second half of 2008 and that costs have significantly blown out and as such they will need to raise some money.. I am going to keep my eye on this though as may fall when they start raising some money and may be worth holding till they get some gold up..
 
Re: ARX - Austindo Resources Corporation

56gsa said:
has 185k ounces hedged at US$651
Click to expand...

Went through their web page... dont think this has changed ?...read first gold soon @US271 ounce to produce..., free exploration with Anglo, some new managers...hope this one starts to head north soon... ( ARX holder )..
 
Re: ARX - Austindo Resources Corporation

Farm-out of Cibaliung Gold Project....

East Asia Minerals ( TSX - "EAS" ) 71.8% ......

Announcement out today...

ARX can now commence exploration of their high quality assets in Indonesia while maintaining a significant interest in gold production.... if the fram-out goes through.... as well as the exploration agreement with Anglo American...
 
Re: ARX - Austindo Resources Corporation

No Farm in now... ANZ still funding.

150 millions shares now. Only < 50m from ore body, to start stockpiling ore August... high grade gold depoist and more gold projects to drill when funds allow, free carry with Anglo deal... hopefully ARX get over the line with Cibaliung...

Any thoughts ?

ARX holder and been topping up... ( high risk )...
 
Re: ARX - Austindo Resources Corporation

ANZ Bank decided to roll the dice. ARX may not be left with any residual from Cibaliung, but would at least be debt free to explore the other tenements it has. That alone makes it worth a lot more than the post consolidation SP of 2 cents. ANZ are going to carry this baby for another 12 - 18 months, just enough for a serious gold price increase to nudge everything into green territory.
 
Re: ARX - Austindo Resources Corporation

This ones slowly ticking over. very tightly held stock, but lately has seen some volume come into play. Drilling coming up early 2010 and some cap raising. will be interesting to see how it goes.

Anyone here got an opinion?

I have a small holding.
 
ARX- Arc Exploration

http://www.theaustralian.com.au/bus...re-gold-less-gas/story-e6frg9ex-1225825514413

A CALL this morning from a former geologist/analyst alerted Pure Speculation to Arc Exploration and its gold project in East Java.

The company is about to start drilling. There seem to be two main veins, with a cumulative length of 2km and up to 10m wide in places. Rock chip sampling has been positive, but the real interest will be whether ARX can locate some high grade ore shoots.
 
Re: ARX- Arc Exploration

doyoureallycare said:
http://www.theaustralian.com.au/bus...re-gold-less-gas/story-e6frg9ex-1225825514413

A CALL this morning from a former geologist/analyst alerted Pure Speculation to Arc Exploration and its gold project in East Java.

The company is about to start drilling. There seem to be two main veins, with a cumulative length of 2km and up to 10m wide in places. Rock chip sampling has been positive, but the real interest will be whether ARX can locate some high grade ore shoots.
Click to expand...

It should be pointed out to those reading that this article from The Australian is from February 1st. So when it says "this morning", it actually means nine days ago.
 
I've had a go at the chart using Andrews Pitchfork.

Let me know what you think? And where we're heading?

:)
ARXChart.gif
 
hmm? nobay talks about this company? I don't know what to talk about anymore?

Oh well anyone notice the 1.5mill buyer move up to 4.6 from 4.1?

Interesting?
 
Something's brewing here pre drill results...

43 buyers, only 11 sellers left, a 14% rise so far today without announcement yet... might be ready to run...

Disc: holding, DYOR...
 
A friend of mine emailed ARX a few weeks ago, the response he got is that:

Dear xxx

1. It is anticipated that first drill results will be released in early March; and
2. We are using laboratories in Indonesia. FYI core is split, photographed & logged. Half the core is kept and half is used for assaying. Where appropriate, check assays are conducted at a second independent laboratory.



Going by that email one could assume that somebody has a fairly good idea of whats going on already, espcially since that are using a lab in Indonesia which would cut result times down. At the same time it may well just be speculators.

I hold, DYOR. Best of luck to all.
 

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