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NMG 0.9¢

Ann: NMG Pours First Gold at Bibiani

  1. ASX News

    96,531 posts.
    • Release Date: 30/03/12 08:26
    • Summary: NMG Pours First Gold at Bibiani
    • Price Sensitive: Yes
    • Download Document
  2. Glutten

    175 posts.


    It would have been nice to know how much gold is in the first gold pour.

    SP can only go up from here.

  3. fbx258

    1,533 posts.

    looks like a 15kg bar.

    But the photo was pour, looks more silver than gold.

    Oh well, we finally poured, lets hope we move forward now.

  4. Caromb15

    174 posts.

    We've poured gold.
    How much gold?
    Can't tell you.
    Is it difficult to measure?
    Have you measured it?
    Can't say.

    Is this full disclosure?

  5. unsinkable

    7,481 posts.

    Who cares caromb, very good achievement by NMG...

  6. Jaaa

    85 posts.

    Well done to the Noble team, a refurbishment in Ghana in 20 months is a good achievement.

    Bought some more options yesterday as I thought the negativity was getting out of balance.

    I expected the announcement on Monday so will now enjoy my weekend.

  7. Zxc

    978 posts.

    Hopefully the start of a great future for Noble and its shareholders.

    Some information on the new executive Operations Manager:

    Mr Bannister has 25 years experience in the mining industry. He has managed processing plants and operations in Africa, Europe, Asia and Australia including Tarmoola, Gwalia, Ora Banda, Bellevue and Ravenswood in Australia, and Tolokuma Gold Mine in PNG. He has supervised plant refurbishments at Toms Gully Gold Mine (Northern Territory) and Red White and Blue Gold Mine (Western Australia) as well as commissioning of new processing facilities at Thunderbox Gold Mine, Bulong Nickel Mine and Blanket Gold Mine in Zimbabwe. He has advised on processing improvements at Davyhurst, The Granites, Sandstone and several other gold mines. He has spent many years optimising the extraction of gold from complex
    sulphide-hosted orebodies in various countries. He was previously a consultant for Independent Metallurgical Consultants where he specialised in design and refinement of processing systems.

  8. Below Image is from NMG Official Announcement.

    Finally we know it's working..
    next step is to
    maintain/produce - optimize - rampup to 150K p/a!!

  9. denpal

    3,421 posts.

    and ready for the mother of all bounces by the look of the chart.

  10. Denpal, you wouldn't happen to be able to post a copy of your chart would you?? Would be interesting to see as it doesnt seem there are many TA guys who post on NMG (from memory). Thanks in advance!

  11. unsinkable

    7,481 posts.

    My chart is of low quality, but you can see that it's way oversold according to the RSI indicator...

  12. denpal

    3,421 posts.

    Sorry, don;t know how.

    39c tweezer bottom at the 50% retracement of all time low and all time high.

    I bought quite a few more NMGOA this week.

  13. keygeo

    1,827 posts.

    hi zxc

    that's a very usefull piece of background information you have provided regarding the excellent credentials and experience of the newly appointed mine manager.

    gives me, and probably other stake holders further added confidence.


  14. Zxc

    978 posts.

    Thanks keygeo,

    He seems to have the credentials that we needed. A top quality and experienced "operations" executive to get the mine running to its full potential.

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