We first invested in NGG way back in April of 1999. Since then we have considered it to be the best investment we have, assuming the company would survive. Yes, during those dark days of the precious metals bear market and extreme price manipulation of gold and silver, many mining and exploration companies went out of business. Although we could see the fantastic blue sky potential of this company, we hesitated to recommend it to others without better assurances of its survival. Fortunately, NGG has survived by cutting their expenses down to the barest minimum and with the help of its major shareholder, Macmin Silver, Ltd. But, since 1999 this company has made major improvements.
Macmin has increased their interest in New Guinea Gold and, in turn, New Guinea Gold has acquired Macmin Silver’s wholly owned subsidiary, Macmin (PNG) Limited (Macmin (PNG) ), and has increased its holdings from two major properties to seven.. Conservatism is the key word of the management of this company. The company has lived very conservatively for the past several years, and so it has managed to keep its head above water. But as of two weeks ago, they have completed an equity financing through Canaccord Capital which, not only assures that the company will survive, but will allow them to proceed with their Business Plan.
This plan involves putting a small part of three of these projects into production within the next three years or so. This will require another equity financing in the spring of 2004, but only in the amount of about 5 million Canadian dollars. With the rising share price and gold price, this future financing should be minimally dilutive. Management plans to put some high grade ore at all three sites into production first with an expected before tax earnings of approximately 36 million Canadian dollars over a period of four and a half years. (First production is expected in late 2004.) The proceeds will then finance further exploration and development on these properties .
This plan will not only avoid diluting shareholders’ interests in the company, but also will avoid taking on excessive debt. Note that the expected earnings for 2005 exceed the current market capitalization, fully diluted. Before considering what the properties are like, let’s consider a few points about how gold gets from deep within the earth to near the surface where it can be mined, and why, in the case of New Guinea Gold, it makes their properties so prospective and exciting.
Blanchard & Co.’s anti-trust lawsuit against Barrick Gold and J.P. Morgan Chase alleging that they conspired to control the price of gold can proceed to trial, a federal judge in New Orleans ruled in a decision released Monday. The judge, Helen G. Berrigan, denied a “summary judgment” motion by Barrick and Morgan Chase to dismiss the lawsuit. She found that Blanchard, the New Orleans-based coin and bullion dealer, had proven its standing to sue and the appropriateness of its claims under the Sherman Act. The judge pointedly rejected Barrick’s claim to be immune from suit as the agent of central banks in the implementation of their policy on gold.
I am in search of gold microcap stocks to buy early in the gold bull market. I have found so far two good junior golds: THR at .13 and NGG at .19, both Canadian junior gold companies. This is the time to get in on cheap gold stocks while gold is still below $600 an ounce. Gold is predicted to hit $1000 within six years. I am interested in finding more inexpensive gold plays, no matter how small the share price. As the bull market in gold proceeds, the market gradually turns its attention from large blue chip mining stocks, to second and third tier stocks and then to precious metal exploration stocks. It is at this stage that the market is now. Rewards from investing in a good exploration company can be fantastic. Up to one hundred times return or even more is possible.
Kodak offers three kinds of color print film: Gold, Royal Gold, and Max. What are the differences among them? I want a film that I can use for enlargements of 8×12. I understand that IS0-100 is for outdoors with sunshine, IS0-200 for overcast and flash, IS0-400 for outdoor action and indoors w/wo flash. Can I get reasonably colorful and detailed 8×12 enlargements with ISO-400?MAX is part of the “Gold” line. “Gold” is their standard line, “Royal Gold” is their premium line with finer grain and sharpness. Royal Gold also has an ISO 25 (REAL FINE) film that is said to be their Ectar commercial film packaged for the consumer..jpg)
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This is an interesting argument. My intermediate flute was also a Gemeinhardt, KG special, with the gold lip plate. I tried it out against many other instruments in its ability/price range (mostly Yamahas) and it was leaps and bounds better in depth of sound. Maybe it wasn’t the metal itself, but the cut of the lip plate. It could have been a million different factors. I, too, have heard nothing but how gold will darken and richen the sound of an instrument. I now play a Powell 2100, all solid silver, and it is a much more powerful and projecting instrument than the Gemeinhardt (and also a semi-professional flute, a definite step-up in price and quality).
The “best” flute, including materials, make, and model all depend solely on the player. That’s why there are so many variations. Some like silver, some gold, some platinum, some titanium, some wood. People may prefer different wall thicknesses, different bores, different foot joints. The headjoint options are seemingly endless. There are more headjoint makers with more options than there are complete-flute makers (who usually have several headjoint options)–and since the head joint is where most of the sound quality comes from, it’s a sign that there isn’t one “perfect” head joint either.
