GOA - Gold Anomaly

[Ruprect]

Re: GOA - Gold Aura

Have to agree with you there Greggy. Only about 100m shares on offer, and some very exciting projects. Ive held the oppies here for a while, nice to see them rise quite well yesterday on decent volume.

I mean seriously, "304 g/t gold, 283 g/t silver, 52.8% lead, 15.9% zinc and 1.81% copper." Even as surface sampling, its pretty damn impressive.

Id be surprised if we didnt see some more movement here as the market becomes aware of this one.

 

[alankew]

Re: GOA - Gold Aura

Would be interested in Techies opinion on this.To my inexperienced eye it would appear that it isnt too late to get on this,maybe even at a few ticks lower than the current sp.Well spotted Greggy

 

[greggy]

Re: GOA - Gold Aura

Would be interested in Techies opinion on this.To my inexperienced eye it would appear that it isnt too late to get on this,maybe even at a few ticks lower than the current sp.Well spotted Greggy

Hi Alankew,

I try to spot overlooked whenever possible. That's where you can find some of the biggest potential gains. I've been watching this stock for a while. I thought Friday's announcement was yet another positive. GOA has good potential on a number of fronts with all of its interesting overseas projects and also at Croydon where its currently drilling. Please also note that Buffalo Gold, a TSX listed stock, has recently acquired a 4.9% interest, via its Australian subsidiary. Apparently it owns leases not too far away from GOA's Croydon Project.
DYOR

 

[greggy]

Re: GOA - Gold Aura

Have to agree with you there Greggy. Only about 100m shares on offer, and some very exciting projects. Ive held the oppies here for a while, nice to see them rise quite well yesterday on decent volume.

I mean seriously, "304 g/t gold, 283 g/t silver, 52.8% lead, 15.9% zinc and 1.81% copper." Even as surface sampling, its pretty damn impressive.

Id be surprised if we didnt see some more movement here as the market becomes aware of this one.

Hi Ruprect,

Totally agreed. I bought options on Friday as I decided to go for increased leverage. The exercise price is only 13c and the expiry date is Mar 09.
Although still very early days, the rock chip sample results from its Brazil Project were very impressive. Don't forget that GOA also already has a resource of 880,000 ounces of gold in PNG. Throw in its other projects and you're looking at a overlooked gold stock.
DYOR

 

[greggy]

Re: GOA - Gold Aura

From today's Pure Speculation column (written by Robin Bromby) in The Australian "Now there's Gold Aura. Although its main priority is its Croydon base metals discovery in northern Queensland, and it is concurrently exploring in Papua New Guinea (where, while wide, the gold intersections are so far on the low side in terms of grade), Gold Aura can move to 60per cent of the Sao Chico property in the Amazon region. Grab sampling from a small shaft has returned some pretty mouth-watering grades: 304 grams/tonne gold, 283g/t silver, 52.8 per cent lead, 15.9 per cent zinc and 1.81 per cent copper. Sao Chico lies within what is known as the Tapajos gold province where, between 1958 and 1993, an estimated 18 million ounces of gold were extracted."
DYOR

 

[greggy]

Re: GOA - Gold Aura

Drilling update - Croydon Project, announced 24 Jul 07.
Key points:
- Polymetallic vein mineralisation intersected in 2 new holes at Croydon
- The mineralised system has now been intersected over a zone at least 400 metres in width and 850 metres in length.
DYOR

 

[alphman]

Re: GOA - Gold Aura

GOA recently (10/11/07) did a placement of 10,750,000 ordinaries at $0.08 with 4,300,000 free attaching options (1 option for 2.5 ordinaries subscribed, expiring 31 March 2009, exercisable at $0.13 per option) to various professional and sophisticated investors. This was at absolutely no discount to the share price at the time.

Heads are up 15% so far, oppies up 17%. Apart from the abovementioned, I have no other explanation for today's interest. Anyone care to comment?

 

[arkady]

Re: GOA - Gold Aura

Drill results could be coming up very soon? Maybe Gameta or Sao Chico? I wonder if Greggy is still on this one.

 

[arkady]

Re: GOA - Gold Aura

As per Announcement 7 Sept 07 :

ABOUT GOLD AURA LIMITED
Gold Auras’ principal activity is the global exploration for world class mineral resources. Its current focus is directed towards a follow-up drilling program of the newly discovered polymetallic mineralisation at Croydon, the resource infill drilling program at Gameta and the commencement of exploration at Sao Chico in Brazil. Gold Aura is also actively continuing with exploration on its promising gold projects in Kazakhstan and China.

 

[alphman]

Re: GOA - Gold Aura

Just realised I specified the wrong date in my previous post. Should be 10/10/07 when the ann was made re placement.

GOA recently (10/11/07) did a placement of 10,750,000 ordinaries at $0.08 with 4,300,000 free attaching options (1 option for 2.5 ordinaries subscribed, expiring 31 March 2009, exercisable at $0.13 per option) to various professional and sophisticated investors. This was at absolutely no discount to the share price at the time.

Heads are up 15% so far, oppies up 17%. Apart from the abovementioned, I have no other explanation for today's interest. Anyone care to comment?

 

[greggy]

Re: GOA - Gold Aura

Drill results could be coming up very soon? Maybe Gameta or Sao Chico? I wonder if Greggy is still on this one.

Hi Arkady,

I recently sold out of GOA. I was disappointed with the market's reaction to what I thought was good news coming out of its PNG's gold project. The key now with GOA is its Croydon Project. Thus far the results have been encouraging. All they need is some further high grade intersections to help increase market interest. The company's recent placement was certainly good timing. This is still very much an interesting stock, its just that I was losing some patience and have moved over to the iron ore sector where I'm on the lookout for some overlooked situations.
DYOR

 

[arkady]

Re: GOA - Gold Aura

Greggy,
There wasn't much of a reaction to the Croyden drilling update last week. Is Zinc and Silver on the outer atm? Sao Chico should have some serious upside to the sp if GOA can backup the sampling (nice grades as pointed out by you earlier) with similiar drill results. I'm still holding with GOA on multiple projects.

 

[arkady]

Re: GOA - Gold Aura

Just found out that Mark Pratt is now (26/09/07) a Director of both GOA and UCL. Very similar company profile write up between websites about Mark. Both companies into zinc and silver. Also Austex Mining which is owned by ex GOA director Rob Murdoch who is director of JAB Technologies has shares in both companies.

Only random research so may not be anything significant, just something to fill in the time as not much happening with GOA atm.

p.s UCL has top 20 shareholders owning 77% which is fairly high.

 

[Miner]

Re: GOA - Gold Aura

I noticed there was no posting on GOA since last Oct 07
The MPS raised 12.5 mil shares at 4 cents and now the share price has dropped to 3.3 cents last week

Does any one still hold some research on this GOA and would like to share bad or good part of this from short term or long term perspective ?


Regards

 

[jonnohowe]

Re: GOA - Gold Aura

The strength in the US$ gold price is reinforcing the view of a resumption in the bull market for commodities after the sell off in 2008 that marked the first major pause in the 10 year bull market since the low in the oil price in Dec Qtr 1998.

The US$ has resumed its bear market against the major currencies and the gold price is responding. GOLD price should be well in excess of US$1000/oz in the very near future.

The latest development is the merger announced between Gold Aura and NSX-listed Anomaly Resources to bring together two companies with a high quality portfolio of exploration and development assets to be renamed `Gold Anomaly’.

Anomaly Resources has the Crater Mountain Project as its key asset. The company is led by Mr Peter McNab who is credited with being a major part of the discovery teams responsible for finding large deposits Lihir Island, Misima, Wafi and Freida River.

McNab thinks Crater Mountain has the potential to be a multimillion oz deposit. Crater Mountain also has potential for near term production of gold from at-surface high grade mineralization.

Gold Aura itself has two gold projects with possible million oz deposits.

The Sao Chico project in Brazil has high grade(+10g/t) mineralization that can be brought into production at a rate of 20-30,000ozpa before end 2009 with very low (<US$400/oz) operating costs. GOA has a 100% interest subject to a 40% Net Profit Interest with a local miner. This would mean cash earnings of A$7m net to GOA on 20,000ozpa and US$900/oz. (GOA is only capitalized at A$3.8m prior to the current capital raising and merger)

The Fergusson Island project has potential for a multi-million oz gold deposit based on mineralization found to date. Canadian company BacTech Mining Corp has acquired 10% of the project for C$1m and will earn up to 50% by spending another C$1.5m within two years. BacTech can buy the remaining 50% for C$7-10m.

A 2 year convertible note with 10% yeild is being put together by MPS.

 

[wanlad1]

Re: GOA - Gold Aura

GOA is a buy in my books at these prices, once into production next year with SAO Chico in Brazil very low costs this will pay the way to Crater Mountain later in the year. The announcement today claims all is progressing well for production in Early March.

 

[boronia]

Re: GOA - Gold Aura

GOA is a buy in my books at these prices, once into production next year with SAO Chico in Brazil very low costs this will pay the way to Crater Mountain later in the year. The announcement today claims all is progressing well for production in Early March.

wanlad1, I agree with you the sp for GOA should re-rate next year. See also a quote from Robin Bromby's 'Pure Speculation' column

What continues to bemuse Pure Speculation is the price of Gold Anomaly. The stock is sitting at just 3.4c and the company today updated on its two main gold interests. GOA is only three months away from gold production in Brazil, with cash costs a comfortable $US340/oz. Moreover, it is about to start earthworks at the potentially huge Crater Mountain project in Papua New Guinea ahead of drilling next year. Who knows with drilling, but apparently there’s a very high confidence level within the company about this PNG venture. Very high. One to watch.

 

[boronia]

Re: GOA - Gold Aura

If anyone is interested in EV/resource oz as a metric for comparing gold stocks then here's another perspective on this stock taken from the Chairman's Address (Nov09).

 

[Putty7]

Re: GOA - Gold Aura

Got a few of these last week looking for a March-April run, a lot of upside for a small cap gold explorer soon to be producer, The Sao Chico Gold Project in Brasil cranks up in March with an estimated $340 USD production cost for 20,000 ounce per annum production, Crater Mountain in PNG is setting up to commence drilling next year and Market Cap is still low at 29 million with very minor debt. Its just my opinion but think this share will get a re-rating in March when production commences and further more if drill results from crater mountain are as good as the company is expecting them to be. Just my opinion DYOR.

 

[Putty7]

Re: GOA - Gold Aura

Got a few of these last week looking for a March-April run, a lot of upside for a small cap gold explorer soon to be producer, The Sao Chico Gold Project in Brasil cranks up in March with an estimated $340 USD production cost for 20,000 ounce per annum production, Crater Mountain in PNG is setting up to commence drilling next year and Market Cap is still low at 29 million with very minor debt. Its just my opinion but think this share will get a re-rating in March when production commences and further more if drill results from crater mountain are as good as the company is expecting them to be. Just my opinion DYOR.

The timing was out but still holding a fair package of these at .032c, with the plant now departed Australia and arriving in April and commissioning to then commence, now looking at May for the Sao Chico Gold Project in Brasil to start production, Crater Mountains second stage is being advanced with the road being upgraded and benching to follow to allow drilling. All going well they could be a small scale self funded gold producer by the end of the year.