By David Press on
1/12/2011 2:20 AM
Australian listed gold exploration junior, Carbine Resources Limited ( CRB-ASX) has yet to define a resource at its West African gold permits in Burkina Faso, yet is already creating excitement amongst management and shareholders alike. Many of whom have ridden a wave of success with sister company, Ampella Mining Limited( AMX-ASX), also with projects in Burkina Faso, and will be looking for similar success with Carbine Resources.
Carbine and Ampella share more than just members of their management teams. CRB came to an agreement with AMX to earn in to AMX's Madougou project in late 2009. The terms of the deal included payment of $3m over 3 years to earn 51%, a further $2m for 70% and funding of pre-feasibility over 12 months for 80%, after which the project remains a JV between the two companies. Initially the project comprised 2 permits and land area of 465 km², however since earning into the Madougou project, Carbine has proceeded to significantly increase land holdings to 7 permits and 1327 km². The five new permits are not part of the Ampella JV and are held by Carbine only. ...
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By David Press on
11/15/2010 11:05 PM
Aptly named Bright Star Resources (BUT-ASX) is yet another basket case shell company turnaround with grand hopes on the back of a surging gold price. Formerly known as Tasman Goldfields, a management shake-out has resulted in the company now being in the hands of Warren and Geoffrey Gilmour of Andean Resources fame. With the Andean Resources phase now over (Andean was recently taken over by Canadian company Eldorado Gold Corporation), the Gilmours' have now moved onto Tasman Gold, and in line with their planned turnaround and hopefully bright future, they have re-named the company Bright Star Resources.
Since taking over management of the company, the team have moved swiftly to revitalise the company's direction. First steps included, recapitalising the company with a $5m raising and divestment, liquidation or release of non-core projects and leases....
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By David Press on
4/5/2010 2:43 PM
While we are finally seeing some returns to growth after the slowdown of '08 and early '09, one can't help but be somewhat wary of the effects government spending and the availability of money will have on inflation. A conundrum of this sort often leaves people wondering what is the best way to invest their money. It's in reply to such a question that we often hear of gold being the investment of choice and how it is often sought after as a hedge against inflation. This blog isn't going to delve into the argument of whether or not gold is the best place to invest your money, that is a decision for the astute investor to make, we will however look into how to go about investing in gold both directly and indirectly.
Directly: Investing directly in gold is easiest done via ETF's. Exchange Traded Fund's tracking the gold price offer the investment risk/return with lower brokerage costs and as you don't physically hold the commodity you don't pay for delivery and securing it. Online brokers will...
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