Michelago - MIC.ax, WKN 932799 - 500 Beiträge pro Seite

[kaepntnemo]

CHINA-focused Michelago has raised $6.27 million in an equity placement to institutional investors brokered by Austock.
The 57 million shares were placed at a price of 11 cents, with the funds raised to "further the company`s investment strategies in China".
Mehr - original story:
http://www.miningnews.net/storyview.asp?storyid=20056§io…

und, btw,
JIANGXI COPPER (H-Aktie) WKN 907061 is auch nicht zu verachten,- der kupfertrend haelt...
THE world refined copper market posted a production deficit of 256,000 tonnes for the first eight months of 2003 compared with a surplus of 127,000t the year before, according to the International Copper Study Group.
Mehr - original story:
http://www.miningnews.net/storyview.asp?storyid=20036§io…

gruss an alle china investoren & solche, die es werden wollen...
-nemo-

[kaepntnemo]

Neuigkeiten aus dem miningnews.net:

Michelago builds on its China land holdings
Michael Quinn
Tuesday, November 25, 2003

MICHELAGO has added further ground to its bulging Chinese portfolio after reaching agreement with authorities in the Xinjiang Autonomous Region of western China.
mehr unter
http://www.miningnews.net/storyview.asp?storyid=20345§io…


und btw, TVI.TO nicht vergessen,- die basteln auch fleissig an ihrem chinesischen portfolio...
-nemo-

[kaepntnemo]

Michelago ASX: mic.ax, wkn 932799
story: http://www.miningnews.net/storyview.asp?storyid=20909§io…
Michelago clinches China deal
Michael Quinn


Wednesday, December 17, 2003

MICHELAGO has further cemented its position in China`s expanding gold industry after upping the stake it will hold in a processing plant in Shandong province to 82% and signing an agreement with the owners of a bacterial oxidation technology that will see it holding the exclusive licence for the process in China, Siberia, Mongolia and Korea.

The bacteria processing technology, or Bacox, is one of two such technologies able to treat refractory ore in a relatively environmentally friendly fashion - the other is BIOX - whilst roasting is environmentally unfriendly and pressure oxidation much more expensive.

China is rife with refractory ore.

Negotiations on the price for the 82% stake in the existing BioGold plant in Shandong province between Michelago and current owner Shandong Tarzan are expected to begin early next year, with the ASX-listed company appointing Zenith Corporate Advisory Group in Beijing to value the enterprise.

MiningNews.net understands the enterprise will be definitely valued at less than US$30 million, with Michelago paying 55% of the agreed value.

Canadian company BacTech, one of two owners of the Bacox technology, will be liable for the 27% balance via subscribing for an equivalent value in shares in the Australian company at not less than 13 cents per share.

The BioGold assets include plant that will process around 300,000oz of gold in 2003.

Michelago is also to pay BacTech and Mintek US$472,000 in cash and/or shares for the technology licence.

Michelago managing director Peter Secker told MiningNews.net concentrate purchasing agreements would be sought for other projects where Bacox could be used.

Michelago is keen to build another such plant in southern China where it holds exploration ground and undeveloped gold deposits.

Shares in Michelago were up 0.5c to 13 cents in early afternoon trade.

[kaepntnemo]

Mal wieder ne kleine, aber interessante story:
http://biz.yahoo.com/rm/031218/minerals_australia_floats_1.h…
von Reuters

Metal markets lift call for Australia mine shares
Thursday December 18, 9:47 pm ET
By James Regan

SYDNEY, Dec 19 (Reuters) - Australian mining prospectors are panning for investors` funds in greater numbers, racing to list new shares on the Australian bourse to capitalise on a strong upswing in minerals prices.

Sharp price rises in gold -- up 25 percent this year -- and other less precious metals are behind a rush of new floats on the Australian Stock Exchange in late 2003, say the prospectors.

After years of suffering the sobriquet "penny dreadful," explorers for everything from iron ore to nickel are finding it easier to rase seed money from investors, who forecasters say, are taking a fresh look at hard rock commodities.

"The last three or four months have been very beneficial for junior exploration companies looking to list on the ASX," said Jeremy Read, managing director of Discovery Nickel Ltd (AustraliaNL.AX - News), which listed on December 17.

"I am aware of a number of juniors getting ready to list on the exchange," Read said. "The fundamentals of the metals markets have aligned to support exploration."

There continues to be "numerous competitive offerings in the resource sector," said Robert Valiant, managing director of Tri Origin Minerals, a zinc and silver exploration firm, whose initial public offering closed oversubscribed on Friday.

Since June, more than 30 mining-related firms hoping to strike the mother lode in Australia`s vast outback have raised at least A$200 million ($148 million) in public offerings.

Some, such as copper prospector Tethyan Copper Co Ltd (Australia:TYC.AX - News) and soon-to-list NiQuest Ltd closed oversubscribed.

"Metals such as gold and copper and nickel are certainly on an uptrend in the cycle," said Australia & New Zealand Bank metals analyst Peter Windred.

BEATING WIDER MARKET

On average, share prices of mining firms with market capitalisations of between A$12.5 million and A$500 million have climbed more than 90 percent in 2003, according to stock broker Intersuisse.

By comparison, notes Intersuisse, the wider all ordinaries index is up only 8.7 percent.

Out of 158 mining companies included in Intersuisse`s resource companies index, 57 recorded gains of more than 100 percent this year.

"Interestingly, only three of the top 12 companies... generated revenues during the year," said Intersuisse mining analyst Gavin Wendt.

"In periods of higher commodity prices, exploration success can often be the major cause of share price hikes, rather than production and revenue," Wendt said.

Gold is fetching more than $400 an ounce on New York`s COMEX -- a 25 percent gain on the year and the highest price in nearly eight years. Nickel, prized as an alloy by stainless steel makers and selling for $14,000 a tonne, a 14-year peak and double the price in January.

Miners of other rust-belt commodities, such as copper, trading at a six year-high of around $1.00 a pound, and tin, near a four year peak, are also shining in more investment portfolios.

TOP SEVEN DIGGERS

The top seven performers from the mining sector on the Australian bourse this year are all prospectors, led by Michaelangelo Ltd (Australia:MIC.AX - News), up 1,463 percent, Fortescue Metals Group (Australia:FMG.AX - News), up 1,368 percent and View Resources Ltd (Australia:VRE.AX - News), rising 558 percent.

However, analysts caution the time is nearing when the prospectors will need to deliver on their promises of finding rich enough ore to keep investors from dumping shares.

"The real test for the market will be when drill results from the current crop of explorers start coming in next year," said Deloitte Corporate Finance, commenting on the proliferation of mining floats.

-nemo-

[kaepntnemo]

noch`n bisschen china, china
-nemo-

http://www1.chinadaily.com.cn/en/doc/2003-12/15/content_2905…
Jeweler to launch gold for investment
( 2003-12-15 14:00) (eastday.com)

Shanghai Laofengxiang Co Ltd, the largest and oldest jeweler in the city, will issue 654.64 kilograms of gold bars and nuggets on Saturday, becoming the first local jeweler to offer investment-grade gold.

Laofengxiang plans to sell 99.99 percent pure gold bars or nuggets in three sets to celebrate its 155th anniversary this year. The firm will offer 155 one-kilogram gold nuggets, the heaviest of its new offerings, at six of its 36 outlets in the city from Saturday and booking starts today.

"The investment-grade bullions will not only meet the demand of gold investors but can be a good alternative as a present or for collection," said Wang Ensheng, vice general manager of Laofengxiang.

The retail price of the bars will be between 118 yuan (US$14.22) a gram and 125 yuan a gram. The price for 99.99 percent pure gold finished at 108.28 yuan a gram on the Shanghai Gold Exchange last Friday.

Customers can sell these products back to Laofengxiang when they want to cash out. But they have to wait three months starting from today before they can do so.

The buy-back price is dependent on the previous day closing price on the Shanghai Gold Exchange, the country`s sole gold exchange. No commission fee will be charged.

Laofengxiang is the second firm to issue investment-grade gold in the city, after China Gold Coin Inc, the country`s sole wholesaler of gold bars and coins.

Shanghai Gold Coin Investment Co Ltd, the distributor of China Gold Coin, had also planned to issue investment-grade gold bars for the coming "Year of the Monkey" according to the Chinese lunar calendar in Shanghai at the beginning of this month.

However, the issue was delayed to last weekend. Shanghai Gold Coin said they will be able to provide less than 40 kilograms of bullions to the local market.

"It is because consumers from north China have almost booked most of the bars, draining our stocks to provide gold bars to customers in Shanghai," said Chen Kui, vice general manager of Shanghai Gold Coin.

Shanghai Laomiao Jewelry Co Ltd, another major local jeweler, is also planning to issue gold bars for the "Year of the Monkey" before the end of the year, said Zhou Min, a senior executive of Shanghai Laomiao.

In November, the gold price rose above US$400 per troy ounce (106.75 yuan a gram), the highest in the global market since March 1996.

[Inkmarker]

Die Aktie hat wahnsinnig hohe Umsätzte. Die Chance da welche zu bekommen sind gleich null.


MfG Inkmarker

[kaepntnemo]

mal wieder ein update,
unter http://www.michelago.com/corporate/profile_jan2004.pdf
findet sich ein kondensiertes firmenprofil von Michelago.

Der Kurs liegt derzeit schoen fest bei $AD 0,13 (man koennte auch sagen, er stagniert). Aber das duerfte sich 2004 aendern, wenn die ersten Profite aus den chinesischen invests einfliessen...

wuensche wohl zu rutschen
-nemo-

[kaepntnemo]

Michelago update, man kommt allmaehlich mal in die gaenge...

January 23, 2004 03:49 PM US Eastern Timezone

BacTech Signs a Second MOU for China Mining Projects; New Mine Developments and Joint Venture

TORONTO--(BUSINESS WIRE)--Jan. 23, 2004--BacTech Mining Corporation ("BacTech") announced today that it has signed a second Memorandum of Understanding ("MOU") to participate in a Joint Venture Company ("JVCO") in China. BacTech has agreed to take part in a newly formed JVCO with Shandong Tarzan Gold (Group) Co., Ltd. ("STG"), a state enterprise organized under the laws of the People`s Republic of China. The MOU sets out the terms and conditions whereby BacTech and STG will explore, develop and operate gold mining projects in China. JVCO will be owned equally by the two parties. It is also contemplated that the mining output, in the form of concentrate or otherwise, would be on-sold for processing to the previously announced joint venture between BacTech, Shandong Tarzan Biogold Co., Ltd and Michelago Limited.

mehr: http://home.businesswire.com/portal/site/google/index.jsp?nd…

-nemo-

[kaepntnemo]

ein kleiner beitrag von David Vaughn ueber den strategischen Partner von Michelago, BacTech:

<zitat>
BacTech is also extending its core bioleaching business into China.
Several contracts were announced in December 2003 outlining agreements with Laizhou Jincheng Gold Mining Company, Michelago Limited, and Shandong Tarzan Biogold Co. to utilize BacTech’s proprietary technology in China. These agreements give BacTech both cash and ownership of several Chinese mining properties.

In China BacTech is buying back into a plant they built 4 years ago & BacTech’s Australian partner & president has spent the last 7 years becoming familiar with China. The Chinese like to give their nasty projects to the westerners & that is exactly what BacTech wants as they have the bioleaching technology to handle these problem ores.
</zitat>
http://news.goldseek.com/GoldLetter/1075916256.php

-nemo-