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skin said:
Triako Resources (TKR)

Following a report from Westpac Broking:- fyi........


"Forgettable Year - Patience Required

Recommendation: Speculative Buy
Share Price: $0.85
FYE Jun 2002A 2003A 2004A 2005A
Reported NPAT $m 4.5 5.4 8.0 -5.6
EPS c 12.8 15.1 23.1 -16.7
P/E x 8.1 9.7 7.4 --
EPS Growth % -33.7 18.0 53.0 -172.3
DPS c 6.0 9.0 9.0 --
Yield % 6.2 6.2 5.2 --
Franking % 100 100 100 --

Event
TKR's recorded a headline FY05 net loss of $5.6m compared to a net profit of $8.0m. Sales revenue fell 43% due to lower production and less favourable smelting terms.

Gold output fell 56% to 25,630oz while copper more than doubled to 2,366t, mainly due to grades. A significantly lower proportion of gold was produced as metal compromising the realised price.

The headline result benefited from a one off $3.4m profit from the sale of the 25% interest in ASX listed Buka Minerals (BKA). The adjusted net loss of $9.0m compared to a net profit of $8.0m in FY04.

Net operating cash outflow of $0.6m compared to an inflow of $15.2m in FY04. At the end of the year TKR held $10.9m in cash and no debt. Cash and listed equities are worth ~40cps.

Hera resources grew to 1.94Mt for 505,000oz gold equivalent. The estimated grade fell from 14.8g/t to 8.1g/t Au eq due to the use of a more conservative calculation method.

Impact
Our valuation falls 6.7% to $1.40 per share due to the reduced resource grades at Hera, however, the new grade estimates may prove conservative.

With the Mineral Hill mine closing imminently, TKR is an exploration and feasibility study play. The prefeasibility study set to finish in December 2005 should provide an indication of project viability. We are relatively confident of a go ahead due to high grades and ore value.

If all goes to plan, a development decision on Hera will be made in 2H06 following the feasibility study results. Production should start in approximately one year later.

Testing to date suggests Hera ore is readily treatable.

Further exploration is planned at Hera and around Mineral Hill.

Source: Aspect Huntley analyst estimates. Note: Net profit and EPS are pre-goodwill." end quote,
Click to expand...

****************

Hera Project extended...

http://www.asx.com.au//asxpdf/20060221/pdf/3vj7kxr0zdq2m.pdf
 
BMO (BMA GOLD)

If further info on stock is required I will post, CBA has been buying up lately :D

Excellent value at present (Short Term overhang off SPP @ 28cents)

6 month target: 50cents
 
YOUNG_TRADER said:
BMO (BMA GOLD)

If further info on stock is required I will post, CBA has been buying up lately :D

Excellent value at present (Short Term overhang off SPP @ 28cents)

6 month target: 50cents
Click to expand...

well since u offered, can u post more info please///

which broker gave that target?
 
that info would be helpful young_trader,
just looking at the graph of BMO, it seems that it may be in for some short term consolidation before moving again. Much the same as alot of the other gold stocks at the moment.

I like LHG for a longer term hold (say 3 years), possibly SBM and BGF.

Also been looking at NEM and NCM, does anyone have an opinion on these?
 
BMO is still my number 1 pick, although as stated stock will trade below 30cents until SPP is out of the way, so revisit it towards late March,

ARX is my number 2 pick, unloved/unappreciated Company backed by ANZ and ABMN Amro
 
BMO showing incredible strength to surge above 30cent level to 32.5c, given the overhang of the spp @ 28cents,

RECENT DRILLING 7m@94g/t and 3m@240g/t thats got be some kinda of a supershoot!!!!!

Still will be pleasantly suprised if SPP doesn't cap price :D
 
Good news of St. Barbara Mining. There should be a takeover in the next month. After the perfect result of the last year there are several investors interested in St. Barbara. The stock should reach the 1 Euro within the next weeks.
 
sunboy said:
Good news of St. Barbara Mining. There should be a takeover in the next month. After the perfect result of the last year there are several investors interested in St. Barbara. The stock should reach the 1 Euro within the next weeks.
Click to expand...
Um what news? Why 1 euro? That would make it nearly 2$, can't see that happening.
 
crackaton said:
Um what news? Why 1 euro? That would make it nearly 2$, can't see that happening.
Click to expand...

hmm...

why not crackaton?

people were thinking last year when the share price was 10c: "50c? Why? i cant see that happening"

anything can happen

but yeh i agree with u when u say what news....

sunboy have u got any sources?
 
Although not a pure gold player, and if so, a very small one. I believe RSN is still a good buy.

1st Gold mine in operation, resource upgraded to the mine to 500,000
Potential for a seconf gold mine with expected reserves around 300,000
 
The story of the takeover of barbara mines comes from one of the most popular german stock magazines. If somebody is interested in, I will inform you in this forum about the original text last week. Stock Goal: 0,60 - 1 Euro
 
sunboy said:
The story of the takeover of barbara mines comes from one of the most popular german stock magazines. If somebody is interested in, I will inform you in this forum about the original text last week. Stock Goal: 0,60 - 1 Euro
Click to expand...
Sunboy...where do you get your exchange from..$1 EURO=2 DM..= nearly $2 Australian.....man check it before you post like that......or ring the BANK :2twocents
 
sunboy said:
The story of the takeover of barbara mines comes from one of the most popular german stock magazines. If somebody is interested in, I will inform you in this forum about the original text last week. Stock Goal: 0,60 - 1 Euro
Click to expand...

I'm interested in hearing about the article Sunboy.

Although my German is a little rusty, would you mind giving us the jist of it?

Cheers,

Sam
 
sunboy said:
The story of the takeover of barbara mines comes from one of the most popular german stock magazines. If somebody is interested in, I will inform you in this forum about the original text last week. Stock Goal: 0,60 - 1 Euro
Click to expand...
I looked at it again and I think you meant 0.60 Euros to $1 Euro...sorry about my first post as I thought you meant A$....if that happends we are all laughing to the BANK..bring it on.....you beauty...allways knew this is much to CHEAP..even at 52cents its much to CHEAP...... :2twocents
 
Anyone interested in a gold stock thats about to boom check out IGR.

Enterprise value of $24.00 whilst the industry average EV is $65.00

Read their story you will be impressed by the company and their management. SPP has pulled it back too but theres a certain reason for raising more money than expected...No prizes for guessing what that may be!

Check out aegis blue book / Martin Place securities analysis of the stock also if you're a patersons client check out their valuation. Expect some big insto support if we have a reasonable gold ounce upgrade at the end of this month....tooo
 

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