Thanks for the explanation of opies. I have attached my view on the chart it seems it has defenatly formed a Weekly Darvas box at a break of 17.5 cents will see a target of 23 cents.
Seems to be travelling well today.
Kind reg
ang
PUA - Peak Minerals
- Thread starter exgeo
- Start date
Thanks for the explanation of opies. I have attached my view on the chart it seems it has defenatly formed a Weekly Darvas box at a break of 17.5 cents will see a target of 23 cents.
Seems to be travelling well today.
Kind reg
ang
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Hill End Gold just took off, good news release regarding increase in Gold resources. I got a few just in case 
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Hill End Gold up 12.5% on no news - does anyone have anything on this???? ...................................
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up 21.74% today,expecting news & a big day tomorrow,previous heg posters thoughts on todays volume,YT ??? looks like a cracker of a day tomorrow...
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ho hum, HEG - well what can I say???? I sold at .22 up 35% today already .....................
up 35% today already .....................
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Anyone still following this stock?
Is it just me or do I see blue skies ahead??:bowser:
Is it just me or do I see blue skies ahead??:bowser:
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Following day's announcement, HEG is now a producer...
That's 71.5g per tonne. With planned processing up to 40 tonnes per shift we can expect a new bar every other day
That's 71.5g per tonne. With planned processing up to 40 tonnes per shift we can expect a new bar every other day
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Yep been watching this one for a while… Share price seems to be jumping between 0.32 – 0.35 at the moment.
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Should see a stream of announcements in regards to ramp up of processing plant and production, and resource definition from drilling results thru to options expiry in September 2008. 32c seems to be a consolidating base to build from. As ever DYOR.
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Definitely in a down trend at the moment – share price 27.5 (could present a good buy in opportunity soon). Although I think it still has more to go before it picks up… Any thoughts?
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I got alot of HEG ages ago as my bro in law has been mining there for 40 years...
,says HEG have a heap more gold to come from their areas,bottom drawer for me..could be a bear raid in readyness for an anns.?..tb..
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Yeah mate got a stack of these ages ago & today at 0.265 is a very very good price,gonna raid the piggy bank to double my holdings as i have been expecting this drop as the oppies exercise draws closer in september,punters selling the heads to pay for the oppies???
HEG has cash of $12.1m.plus..118,248,514.x. 15c oppies due in september,$17m(approx) due for the oppies...correct?(900,000 odd exercised in the last 1/4)
so come september it will be
360m shares
approx..$25m cash(i stand corrected if im wrong),no debt.
recent first gold pour
additional ground at hargraves
You got a team here that goes about their business,they are getting results with more discoveries every quarter...
Dont forget HEG has the laos project to come so i reckon they are going real well,extra cash will most likely ramp up production & eventually get the company noticed...tb
see the last reports...visible gold...
The Hargraves Exploration Licence (EL6996) is adjacent to the Hill End tenements to the north
and the Big Nugget Hill prospect, which is currently being diamond drilled, is located
approximately 35 kilometres to the north of the town of Hill End.
The Hargraves tenements contain numerous historical production areas and Big Nugget Hill is
the site of Australia’s earliest gold reef mining in 1851, when large pieces of gold in quartz,
containing up to 1,546 ounces, were discovered in quartz vein outcrops. Rich alluvial deposits
were also mined in the nearby Louisa, Daly and Meroo Creeks and many large nuggets were
found, with the ‘King of Waterworn Nuggets’ being the largest at 2,680 ounces of gold.
Previous exploration on the Big Nugget Hill zone of mineralisation has identified strong gold
mineralisation over a strike length of 600 metres by drilling, and over 1,500 metres by surface
sampling. During the quarter there were eleven diamond drill holes completed at Hargraves on
the Big Nugget Hill Anticline (BNHA) for a total of 2,197.5 metres drilled.
The drilling has confirmed that the distribution of gold at BNHA is concentrated along the axis of
the anticline and continues at depth as a series of repeating zones of strong mineralisation up to
20 metres wide and individual dip lengths of 40 to over 80 metres. The zones plunge gently to
the south with a long dimension along strike to be determined but interpreted to be some
hundreds of metres.
The drilling has confirmed at least six zones of which only two have been previously mined to a
depth of approximately 50 metres and the lower four saddle reef complexes have not previously
been observed. The zones are 10 to 40 metres in thickness and approximately 30 to 50 metres
apart down axis on the BNHA, and are comprised of multiple saddle reefs, individually up to 3
metres in thickness, with leg reefs, leader veins and stockworks, all of which have been shown
to contain abundant visible gold.
These mineralised zones may be suitable for bulk mining and indications are that they may be
close to surface below alluvial cover to the north. Drilling is in progress to confirm the continuity
of the zones to the north and south.
Visible gold has also been observed in a similar anticlinal axis position in the Florence Anticline
which is parallel to the BNHA about 50 metres to the east.and the Big Nugget Hill prospect, which is currently being diamond drilled, is located
approximately 35 kilometres to the north of the town of Hill End.
The Hargraves tenements contain numerous historical production areas and Big Nugget Hill is
the site of Australia’s earliest gold reef mining in 1851, when large pieces of gold in quartz,
containing up to 1,546 ounces, were discovered in quartz vein outcrops. Rich alluvial deposits
were also mined in the nearby Louisa, Daly and Meroo Creeks and many large nuggets were
found, with the ‘King of Waterworn Nuggets’ being the largest at 2,680 ounces of gold.
Previous exploration on the Big Nugget Hill zone of mineralisation has identified strong gold
mineralisation over a strike length of 600 metres by drilling, and over 1,500 metres by surface
sampling. During the quarter there were eleven diamond drill holes completed at Hargraves on
the Big Nugget Hill Anticline (BNHA) for a total of 2,197.5 metres drilled.
The drilling has confirmed that the distribution of gold at BNHA is concentrated along the axis of
the anticline and continues at depth as a series of repeating zones of strong mineralisation up to
20 metres wide and individual dip lengths of 40 to over 80 metres. The zones plunge gently to
the south with a long dimension along strike to be determined but interpreted to be some
hundreds of metres.
The drilling has confirmed at least six zones of which only two have been previously mined to a
depth of approximately 50 metres and the lower four saddle reef complexes have not previously
been observed. The zones are 10 to 40 metres in thickness and approximately 30 to 50 metres
apart down axis on the BNHA, and are comprised of multiple saddle reefs, individually up to 3
metres in thickness, with leg reefs, leader veins and stockworks, all of which have been shown
to contain abundant visible gold.
These mineralised zones may be suitable for bulk mining and indications are that they may be
close to surface below alluvial cover to the north. Drilling is in progress to confirm the continuity
of the zones to the north and south.
Visible gold has also been observed in a similar anticlinal axis position in the Florence Anticline
Laos project...
The Lak Sao Project application in Laos has made good progress during the quarter and Hill
End Gold has been advised that the Mineral Reconnaissance and Exploration Agreement
application is now being considered at the highest level of the Department of Mining,
Department of Foreign Investment and the Government of Lao PDR.
The Lak Sao Project area of approximately 2,000km2 is located in the Bolikhamxay Province in
Central Laos between the Mekong River and the Vietnam border. The area is approximately
100 kilometres north of the Sepon copper-gold project, operated by Oxiana Limited, in the
Truongson Belt.
Previous prospecting has identified numerous precious and base metal occurrences in outcrop
and in stream sediment dispersion haloes. Controlled artisanal gold mining of a moderate scale
is underway on a small tenement excised from the tenement application.
Hill End Gold have a 51% interest in the Lak Sao Project with Mekong Resources Pty Ltd.End Gold has been advised that the Mineral Reconnaissance and Exploration Agreement
application is now being considered at the highest level of the Department of Mining,
Department of Foreign Investment and the Government of Lao PDR.
The Lak Sao Project area of approximately 2,000km2 is located in the Bolikhamxay Province in
Central Laos between the Mekong River and the Vietnam border. The area is approximately
100 kilometres north of the Sepon copper-gold project, operated by Oxiana Limited, in the
Truongson Belt.
Previous prospecting has identified numerous precious and base metal occurrences in outcrop
and in stream sediment dispersion haloes. Controlled artisanal gold mining of a moderate scale
is underway on a small tenement excised from the tenement application.
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Hill End Gold up 17.31% today - Maybe announcement coming??????????...................................
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Announcement expected in regards to most recent gold pour planned for last Friday, 16 May 2008.
Also, HEG has made a development application for a Mining Camp.
Which Bathurst Regional Council has recommended for approval:
DYOR and draw your own conclusions
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Re:VERY CLEVER MANAGEMENT TEAM AT HILL END
See todays announcement of the pro rata 1 oppie for 5 shares,to get the hego oppies in early...very clever that move...thank you very much ill cop that sweet.only costs 0.03 per oppie for 25c at 30/9/09...smart move to get all the hegos gone & the newbs are for a year+..
heg got cash & more projects coming their way...tb...been in the bottom drawer for ages,forget i got them sometimes..
dont underestimate this little company asf trendsetters,the team up there at hill end are sitting on a huge amount of gold yet to be found...yet
New Issue ratio:
See todays announcement of the pro rata 1 oppie for 5 shares,to get the hego oppies in early...
very clever that move...thank you very much ill cop that sweet.only costs 0.03 per oppie for 25c at 30/9/09...smart move to get all the hegos gone & the newbs are for a year+..heg got cash & more projects coming their way...tb
...been in the bottom drawer for ages,forget i got them sometimes..dont underestimate this little company asf trendsetters,the team up there at hill end are sitting on a huge amount of gold yet to be found...yet
PRO RATA ISSUE OF OPTIONS
TO SHAREHOLDERS OF HILL END GOLD LIMITED
The Directors of Hill End Gold Limited today announced a one (1) for five (5) pro rata issue of
new options to eligible shareholders, at $0.03 per option ("New Options").
The issue of the New Options, pursuant to a prospectus to be lodged at the Australian
Securities and Investments Commission, will be to shareholders with registered addresses in
Australia and New Zealand recorded in the respective registers and sub-registers of the
Company on Friday, 20 June 2008, the record date ("Record Date"). The ex-date for
entitlement to the pro rata issue of New Options will be 20 June 2008.
The issue will be partially underwritten, by Bell Potter Securities Limited, to a value of
approximately $1.53 million, being approximately 51.2 million New Options.
Details of the New Options issue are as follows:
TO SHAREHOLDERS OF HILL END GOLD LIMITED
The Directors of Hill End Gold Limited today announced a one (1) for five (5) pro rata issue of
new options to eligible shareholders, at $0.03 per option ("New Options").
The issue of the New Options, pursuant to a prospectus to be lodged at the Australian
Securities and Investments Commission, will be to shareholders with registered addresses in
Australia and New Zealand recorded in the respective registers and sub-registers of the
Company on Friday, 20 June 2008, the record date ("Record Date"). The ex-date for
entitlement to the pro rata issue of New Options will be 20 June 2008.
The issue will be partially underwritten, by Bell Potter Securities Limited, to a value of
approximately $1.53 million, being approximately 51.2 million New Options.
Details of the New Options issue are as follows:
New Issue ratio:
One (1) New Option for every five (5) HEG ordinary shares held on 20
June 2008, the Record Date. Eligible shareholders will be entitled to
apply and pay the amount of $0.03 per New Option based on the
shareholder’s holding of HEG shares at the Record Date, divided by a
factor of five rounded up to the nearest whole number. No fractional
entitlements to New Options will accrue or be allocated. The New Option
Holding Statements are intended to be despatched on or about 17 July
2008.
Exercise date:
apply and pay the amount of $0.03 per New Option based on the
shareholder’s holding of HEG shares at the Record Date, divided by a
factor of five rounded up to the nearest whole number. No fractional
entitlements to New Options will accrue or be allocated. The New Option
Holding Statements are intended to be despatched on or about 17 July
2008.
Exercise date:
Exercise any time up to and including 5.00pm AEST on 30 September
2009.
Exercise price: $0.25 per option.
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Hello, since I have never traded options can someone provide a quick ran down on what the deal is with HEG and these new options? Say I am eligible for 10,000 options… ? And I buy at 0.03... What happens then? Thanks.
And I buy at 0.03... What happens then? Thanks.