Australian (ASX) Stock Market Forum

PUA - Peak Minerals

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Uncle Festivus said:
I've got a fully furnished cave in the Blue Mountains - you are welcome to join me, but you will have to bring your own ammo & women :D
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OK, sign me up. Ammo and women I will bring. Golly, are we heading to that? eeeek! :eek: I mean ammo and women should not go in the same sentance. :confused:
 
kennas said:
OK, sign me up. Ammo and women I will bring. Golly, are we heading to that? eeeek! :eek: I mean ammo and women should not go in the same sentance. :confused:
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Dunno about that - here's some of my recruits in training recently............
 

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Uncle Festivus said:
Dunno about that - here's some of my recruits in training recently............
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Uncle Festivus

Would you enrol me in your training ?
You do not have to pay me but I will pay you a fee for training.:D:D:D

My good ness - surely Tiger Wood has not seen those bombshells.

But BTW your and mine are both :topic
 
good buying op at 12.5 cents
should be some news out soon re production at hargraves too.
they had a sp up around the 25 cent mark not so long ago.
 
roysolder said:
good buying op at 12.5 cents
should be some news out soon re production at hargraves too.
they had a sp up around the 25 cent mark not so long ago.
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HEG looks like it is in quite a solid down trend there roy - showing some support at 12c but it won't take much to send it south of there. To me, that their price is in a solid down trend while the AU$ price of gold has been climbing nicely means that there is something amiss with their operation at the moment.

HEG need to increase their production volumes and ounce output before we will see any price stabilisation. Drilling more high grade stringers won't help much, they need to demonstrate that they can economically mine these veins and get some more gold on the surface.

Re: the impending announcement, the latest information regarding Hargraves production that I could find is that development is 12-18 months out.
 

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I think that solid downtrend has just ended. HEG up 30% today (off a very low base) on 2mil shares traded, due to the announcement of bonanza grade gold in a recent drill core. There is a long way to go and HEG appear to be waiting for most of the lab reports on the drilling program.
 
roysolder said:
good buying op at 12.5 cents
should be some news out soon re production at hargraves too.
they had a sp up around the 25 cent mark not so long ago.
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Well called Roy. Looking good for a steady rise as the showings are confirmed going forward and the gold price not doing it any harm either.
 
In order to focus on the significant work required to complete this the underground mining at Hill
End is to be temporarily halted.
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Down tools while we work out what we actually have??

I've had this one on & off in order to buy their bullion every time the price hits $1200 or so, but I think the company is erring on the side of caution lest they get accused of doing a BDG with the prospects of their prospects?

It's a promising historic area and close to Cadia?, with the ability to unearth large nuggets, and have high grade pockets. One for the low touch bid order?

The cycle is bottoming at least, just needs a confirmation from the co on resources?
 

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well thanks for your thoughts guys, i see any gold junior a promising bet in the long term.
i bought ogc at 12 cents in 2008.
cvy and cag are worth a looky too.
 
roysolder said:
well thanks for your thoughts guys, i see any gold junior a promising bet in the long term.
i bought ogc at 12 cents in 2008.
cvy and cag are worth a looky too.
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Not so sure about that Roy. I've made money on HEG before but it has been all to do with timing rather than what they pull out of the ground - bleeding cash currently and they have just stopped their only source of revenue. Lots of promise, sure, but they are still no more than a "one man and his dog" mining operation. I gave up on them when my better half started referring to them as Hillbilly gold...
 
that pic right on the top is gold ..

I held HEG until like a week ago ... if i had some spare cash i would certainly hold on to it .. But ANZ dropping to 21.20 really was begging me to buy it .solf HEG at 0.145 for a minor profit as i bought in at 0.14. Hoping anz makes me some $$$$ because i let go of HEG very reluctantly.

hey anyone here following david haselhurst picks.. i picked HEG up on his recomendations.

Rgds
 
Is anyone else confused by this announcement?

Hill End - Hargraves Resource Growth Focus

Further to the excellent drilling results from Hargraves and the recognised potential for resource growth both at Hill End and Hargraves the Company is to focus on expanding its resource inventory in the known extensive mineralised structures adjacent to the areas of current activity.

The key short term objective for the Company is maximisation of gold resources at both Hargraves and Hill End through targeted drilling programs.

Underground development and mining at Hill End has successfully identified the ore body controls and the mineability of the continuous high grades zones within the Hawkins Hill – Reward deposit resource. This deep understanding of the geology and ore will greatly assist in drill testing the full extent of the Hawkins Hill ‐ Reward mineralisation system and the delineation of further resources. In order to focus on the significant work required to complete this the underground mining at Hill End is to be temporarily halted.

At Hargraves, resource expansion is being progressed through comprehensive exploration of the numerous prospects, including extensions of the BNH structure. BNH Central zone drilling results are being received and compiled for a maiden resource estimate and mine and project planning for the Hargraves deposits is underway.
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On 30 April they said:

Hill End Project, NSW
30 April 2010

• Quarterly gold production of 986 ounces from 6,309 tonnes at 5.2g/t gold, while developing new production areas.
• Underground drilling doubled to 2780m identifying new extensions to existing veinsets.
• Underground development for ore block access and stope preparation increased during the quarter.
• Three underground diamond drill rigs outline wide ROZ intersections and continue to delineate Hawkins Hill – Reward resources.
• Underground development and drilling continues to increase mining blocks.
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That all seems like all is a go to me. Like, mining is working. No need to take a break. No need to stop actually mining.

And does anyone else think that this is 'Bonanza'?

Diamond drillhole HGCD32 has hit bonanza gold in a metre of core within a 13m downhole intersection of the BNH Central Feeder Zone / Reef 5 position from 77m depth.

• Hole HGD13 which is located 25m to the south of HGCD32 was drilled in 2008 with 4.2g/t over 75m from 22m below surface, though adjacent to the Feeder Zone, including 20g/t over 14m from 27m.
• Hole HGD13 has now been extended to 246m to target the Feeder Zone and has intersected additional strong mineralisation with abundant visible gold over 50m from 173m down hole.
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IMO 'bonanza' is over 50g/t. And over significant width.

20g/t over 14m is pretty average.

Has there been continuous disclosure here?

:confused:
 
solomon said:
I think that solid downtrend has just ended. HEG up 30% today (off a very low base) on 2mil shares traded, due to the announcement of bonanza grade gold in a recent drill core. There is a long way to go and HEG appear to be waiting for most of the lab reports on the drilling program.
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Okay so with a few days hindsight this call looks to be blown out of the water. Downtrend continues, as does the hurt for this holder. We've gone so far maybe we will see a sub 10c share price .... ahhhh ..... but sometimes you hang on sooooo long there is nothing left to do but hang on and hope for better days ahead.
 
On November 5th, 2018, Hill End Gold Limited (HEG) changed its name and ASX code to Pure Alumina Limited (PUA).
 
Pure Alumia to acquire Polar Sapphire Limited from private equity interests for A$27.1 million in Pure Alumina shares and cash. The consideration will be A$14.5m in Pure Alumina shares and A$12.6m in cash.

The acquisition of Polar Sapphire would position Pure Alumina to become a low cost producer of high purity alumina in under a year and is expected to fast track Pure Alumina's plans to commence commercial production of premium 99.999% 5N high purity alumina (HPA) in 2019.

PUA up 12.1% to 3.7c so far today.
 
Up 47.92 this morning to .023c on this news....

Pure Alumina’s subsidiary Polar Sapphire ships commercial 99.999% HPA quantities

Pure Alumina’s (ASX: PUA) future Canadian subsidiary Polar Sapphire has shipped commercial quantities of 99.999% (5N) high purity alumina (HPA) from its Toronto pilot plant.


Using its patented process, Polar has operated the Toronto plant at its full 150 tonne per annum capacity for the past two weeks to produce almost 10t of 99.999% HPA.


The HPA will be sold to several sapphire producers. Polar has had an active marketing and development program since 2014 when it first sent HPA samples to prospective buyers.


Due to the marketing initiatives and quality of Polar’s product, commercial 99.999% HPA sales have continued to grow, with current customers seeking larger quantities and many new customers making enquiries. More...
 
and then, full circle?

Pure Alumina Limited (ASX: PUA) has completed a review of the strategic direction of the Company, as announced on 30 September 2019, and is pleased to advise the resulting change in focus.

High Purity Alumina
While Pure Alumina remains convinced of the strong forecast demand for high purity alumina .... the Company has elected to place the development of the Yendon high purity alumina project on hold until market conditions improve or would consider alternative options for the future of the Yendon assets.

Pure Alumina undertook a review of other major commodity markets and in order of preference preferred the following commodities:
• Gold
• Copper
• Nickel

The attraction of the gold market is close to record high gold prices in Australian dollars and the lack of an apparent supply response indicating that robust gold prices may be sustained in the medium to long term outlook. Combining the outlook for gold with the fact that Pure Alumina owns the highly prospective Hill End gold project, it is logical that Pure Alumina has concluded that Gold is the Company’s preferred commodity going forward. Copper projects would also be considered should a suitable opportunity present.
 
Dona Ferentes said:
and then, full circle?

Pure Alumina Limited (ASX: PUA) has completed a review of the strategic direction of the Company, as announced on 30 September 2019, and is pleased to advise the resulting change in focus.

High Purity Alumina
While Pure Alumina remains convinced of the strong forecast demand for high purity alumina .... the Company has elected to place the development of the Yendon high purity alumina project on hold until market conditions improve or would consider alternative options for the future of the Yendon assets.

Pure Alumina undertook a review of other major commodity markets and in order of preference preferred the following commodities:
• Gold
• Copper
• Nickel

The attraction of the gold market is close to record high gold prices in Australian dollars and the lack of an apparent supply response indicating that robust gold prices may be sustained in the medium to long term outlook. Combining the outlook for gold with the fact that Pure Alumina owns the highly prospective Hill End gold project, it is logical that Pure Alumina has concluded that Gold is the Company’s preferred commodity going forward. Copper projects would also be considered should a suitable opportunity present.
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OMG. That is another rip off for the investors. If they could not manage pure alumina, how dare they are going to do on gold? Different expertise and different challenges. So it will be a back to drawing board and crashed share price on market opening. I sincerely thing corporate watchdogs should hold these company executives and directors held accountable and culpable negligence. They are no less than drug dealers.
I am sorry for the holders. I have had similar experience with NUH holding and can empathize the agony.
 
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