Your Questions About Invest In Gold Mining Companies

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Thomas asks…

What do you think the share price could reach?

I invested £5k in Archipelago Resources (AR.).

News…

Archipelago is pleased to announce that it has poured first gold at it’s 95% owned Toka Tindung Gold Project in North Sulawasi, Indonesia (“the Project”).

This milestone marks the commencement of production at the Project. It was achieved one day after the target date of the end of March 2011 and within the project finance budget.

While some construction activities not essential to the first gold pour remain to be completed at or peripheral to the processing site, all of the major items of ore processing equipment have been successfully commissioned including the oversized crusher and mills acquired from the El Tambo gold mine in Chile. The plant is operating in line with expectations for start-up and throughput will be steadily increased in accordance with the Company’s ramp up schedule.

The mining operation is well advanced despite substantial recent rainfall and the Company currently has approximately 85,000 tonnes of ‘run of mine’ (“ROM”) ore, currently representing approximately 3 weeks production, stockpiled on the crusher ROM pad.

Doré ingots comprising approximately 70% gold and 30% silver will be produced in the gold room at site and shipped to the LME certified Logam Mulia refinery in Jakarta, where refined gold of 99.99% purity and silver of 99.9% purity is produced.

The Toka Tindung Gold Project has a resource of 1.7 million ounces of which 1.1m will be minable by way of open pit mining. It is targeting production of 110,000 ozs of gold equivalent in calendar year 2011, with an annual average production of 160,000 ozs of gold equivalent over the first 6 years of the initial 8 year project life.

As previously reported, the Company will spend US$30m of project generated cash on an exploration program to be undertaken over the next two years. The number of drill rigs will double from 2 to 4 in the second quarter and the first batch of assay results are expected to be available and approved for release in early Q2 2011.

Mr Loosemore, Managing Director and CEO of Archipelago, commented:-

“The first gold pour marks the final step in Archipelago’s transformation from an exploration and development company into a production company. We are very pleased to have reached this milestone close to target which is testament to the extraordinary hard work of our employees and contractors at Toka Tindung in challenging climatic conditions. We will continue to work diligently to ensure a successful ramp up to full production, as well as expand our asset base through a major exploration campaign.”

I have a good feeling that this could make a lot of investors happy.

What do you think? Have I bought at the right time??

financi4 answers:

The problem with news like this is that it usually is published well after the investment community and insiders have known about it. That typically means that the price of the stock has already priced in that news and you will need to see what the next few press releases of 10Q’s have to say to see if there is continued good news before you see much of a bump in the share price.

Having said that, it sounds like this company is moving in the direction it feels it needs to go and is on schedule to do so. If you hang on for the ride, I hope you make lots of money. Good luck!

Daniel asks…

Otoy and AMD, on Cloud Computing..?

Im looking to invest in Cloud Computing as i know it will soon be Gold MIne. Through my reserch i belive otoy is my best choice. (If you disagree please tell). My question is which do i invest in AMD or otoy. And if otoy, how do i go about investing in it?

Also, if you think theres a better Cloud Computing company out there, please mention.

financi4 answers:

George Gilder has been the leading investor in OTOY. He has a message board that you can contact him on called the Telecosm Forum.

Http://www.gildertech.com/contactus.html

http://www.forbes.com/forbes/2009/1102/technology-otoy-videogames-software-game-changer.html

Chris asks…

Should I sell or should I rent?

My previous question was not clear. Now I will make clear to you because I never hide anything.
I have an old house. Should I rent it or should I sell it?
I think that in today economy the worth of houses like mine are much smaller (in money) compared to its real worth.
The house is selling together with the land. The investor wants to ruin my house entirely and to build new house. Not only they want to ruin my house but they want to ruin the house near me.
Investors want land, not houses. I would be happy to find some person that will buy the house for living and not for ruining.
Some people think that my house is worthless. Yet, some think that is gem of the house.
For me, the house is family treasure. It is very well build, although old.
When I asked my mother about the house, she said to me:
” son, if you want you can live there and create family. If you want we can sell it or if you want we can rent it.
We are in doubt what to do. I am not married and I do not have such income to pay the bills of the house. Also, the house is not entirely ours so if sell it, we will not receive the full amount of money.
It is good house for whole family, that is to say, husband, wife, children and old parents.
But, because I do not have such family and because our modest flat is enough for me and for my mom, we do not need so large house.
I think that money invested in property worth more than money in cash.
Some people invest in gold and for us our house is golden.
However, living in house requires constant working and paying the bills. I think that I am not able to make enough income to support whole family (that I do not have) in such house.
In one word, I am afraid or responsibility of having wife and living in big house. I am not sure that I can provide for bills.
Our house is too big and our flat is too small. Maybe the best solution for me is to sell the house and with part of such money to buy smaller apartment and to have enough for bills.
yes, I have to admit that sometimes I had hopes to live in such house with wife that will love me
But, my sweetheart has left me and made such fool of me and now I do not need such house.
Some people like to insult others and in return to have everything waiting for them. For example, for my sweetheart my house is too old, for her I am not good enough.
One thing I am not able to understand: while some ladies from Russia dream of such house, of love songs and movies and of somebody who will wait for them, for my sweetheart nothing is good enough. She thinks: some people have better houses, some people have university degree and some people are presidents of large companies. She thinks: “From all that rich people waiting for me, how I find this unemployed idiot?”

financi4 answers:

You seemed to have gone a bit off topic here about your sweetheart, but I understand. If it were me, and I was in that situation, I would rent the place out. Godged has a point about the expense of the up-keep of the place. The benefit of being a small time landlord is if you have some handy-man skills to reduce the up-keep and maintenance cost of the building. I don’t see why it matters to you what a new buyer is going to do with the place as long as you get your money’s worth out of it. I don’t know where you are living, Russia? Or what the real estate situation is where you live, if you think property values will go up where you are living, it may make sense to hold on to the place and rent it out. The headaches are bad tenants who are late with the rent and if you can even get the place rented at all. If it does not get rented, you are paying for two places. You may have to put money into the place just to get it rented, depending on the condition the place is in.

Richard asks…

Have I made the right investment choice? I’m 21?

I received an inheritance and invested in the following ways:

I obviously thoroughly researched each company first,
I invested the following:

$10,000 woolworths

$10,000 Coca Cola

$5,000 berkshire hathaway

around $3,000 invested in other gold mining / grocery / oil / liquor companies.

around $2,500 gold coins.

I have another $5,000 invested in a family business.

I have $10,000 left in savings,

People are saying I have wasted my inheritance, (family)

not careful with money, sure I spent a few thousand on items I needed to replace first, (car, debts etc)

help me out here, what do you think? have I made bad choices?

financi4 answers:

You did pretty well I feel. Coke and BH are solid. Woolworths I’m not sure about, only that they died in the US over a decade ago. Gold coins, you might be safe for about a year, but as soon as the economy starts turning around, sell about half, because it has a habit of crashing in good markets. Since you have no debt, keep about 8 months of cash for emergency, and put the rest in rotating CD’s.

Mark asks…

Is this a smart investment?

Right now I have made around 25,000 dollars off of SecondLife.com.I plan to invest 15,000 dollars in green energy stocks and also in Northrop Grumman stocks. Me and my father and friend will each ask the Royal Canadian Bank each a 35,000 dollar loan so that we can buy off the shares of Barrick Gold Corporation investors as well as ZENON Environmental. Then I plan to open a Media,Real Estate,Medical,Oil/Gas,Mining, Empire. My dream is to start a Weapon Manufacturing company. So what are your opinions. Will this work?

financi4 answers:

You, your father and friend should continue investing in the stock market. Professional investors couldn’t make it without guy like you. Good luck…..

George asks…

Can anyone answer these HISTORY questions!? Please help!?

1. By 1910, the state of Washington was no longer predominantly rural. Which of the following best describes what this means? (Points : 2)
More people lived in rural areas than in towns or cities.
More people were moving into the state than out of it.
More people lived in cities or towns than in rural areas.
None of the above

2. What city did the Northern Pacific railroad choose for its terminus in 1873? (Points : 2)
Seattle
Tacoma
Pasco
Spokane

3. Which of the following was not a way that the railroad prompted growth in the Pacific Northwest? (Points : 2)
It made resources more accessible.
It created new jobs.
It ended the system of free land for settlers.
It brought new settlers.

4. The __________ was most responsible for the ethnic diversity that developed in Washington during the years of growth. (Points : 2)
railroad
Wobblies
Knights of Labor
Weyerhaeuser Timber Company

5. Which of the following led to the most significant differences within Washington society during the years of growth? (Points : 2)
The city of Seattle rebuilt after a catastrophic fire.
Class inequalities between rich and poor grew wider.
The city of Tacoma obtained a railroad terminus.
Coal was discovered in the Cascades.

6. Which of the following was not a major industry in Washington during the years of growth? (Points : 2)
education
lumber
mining
fishing

7. Which of the following best describes the nature of changes in Washington industries during the years of growth? (Points : 2)
All new industries took over in the area.
The old industries were run by individual business people.
The state experienced a mix of old and new industries.
The old industries were taken over by large corporations.

8. Which of the following best describes growth in the eastern half of Washington? (Points : 2)
Growth was rapid because settlers wanted to build homes on the good land.
Growth took off when East Coast bankers invested in the area’s traditional industries.
Growth was tied largely to the railroad and mining discoveries in the mountains of Idaho.
All of the above

9. Which of the following contributed the most to the rapid growth of Spokane? (Points : 2)
discovery of coal in the Cascades
discovery of gold in Idaho
development of wheat agriculture in the Columbia River Basin
establishment of a lumber mill

10. Which of the following best describes growth in the western half of Washington? (Points : 2)
Growth was rapid.
Growth led some cities to reshape the geography of their surroundings.
Growth brought many new opportunities, but also led to new social problems.
All of the above

11. Which of the following contributed the most to the rapid growth of Seattle? (Points : 2)
farming
shipping
Klondike gold rush
both A and B

12. Which of the following was a city that began as a sawmill and became the largest city in eastern Washington? (Points : 2)
Tacoma
Walla Walla
Pasco
Spokane

13. Which of the following was not a legal form of discrimination against Chinese workers? (Points : 2)
Chinese workers could not immigrate to the United States after 1882.
Chinese living in the United States could not become citizens.
Chinese could not own property.
Chinese were forcibly expelled from Tacoma.

14. What main event changed the feelings toward Chinese workers in Washington? (Points : 2)
Rock Springs Massacre
formation of the Knights of Labor
completion of the Northern Pacific Railroad
Chinese Exclusion Act

15. What was not a reason used by the Knights of Labor for targeting Chinese workers? (Points : 2)
The Chinese Exclusion Act
They said the Chinese were of an inferior race.
They thought Chinese workers took their jobs.
They believed Chinese workers drove down wages.

Can anyone answer ANY of these questions so I can check them to my answers?

financi4 answers:

I PUT YOUR ANSWERS IN A,B,C,D ORDER AND NO. 1-A,2,A,3,D,4,A,5,A,6,A,7,A,8,F,9,D,10,D,11,D12,A,13,C,14,C.15,C THESE ARE MY ANSWERS

Donald asks…

10 Multiple Choice History Questions! Need help?

1. By 1910, the state of Washington was no longer predominantly rural. Which of the following best describes what this means? (Points: 2)
More people lived in rural areas than in towns or cities.
More people were moving into the state than out of it.
More people lived in cities or towns than in rural areas.
None of the above

2. What city did the Northern Pacific railroad choose for its terminus in 1873? (Points: 2)
Seattle
Tacoma
Pasco
Spokane

3. Which of the following was not a way that the railroad prompted growth in the Pacific Northwest? (Points: 2)
It made resources more accessible.
It created new jobs.
It ended the system of free land for settlers.
It brought new settlers.

4. The __________ was most responsible for the ethnic diversity that developed in Washington during the years of growth. (Points: 2)
railroad
Wobblies
Knights of Labor
Weyerhaeuser Timber Company

5. Which of the following led to the most significant differences within Washington society during the years of growth? (Points: 2)
The city of Seattle rebuilt after a catastrophic fire.
Class inequalities between rich and poor grew wider.
The city of Tacoma obtained a railroad terminus.
Coal was discovered in the Cascades.

6. Which of the following was not a major industry in Washington during the years of growth? (Points: 2)
education
lumber
mining
fishing

7. Which of the following best describes the nature of changes in Washington industries during the years of growth? (Points: 2)
All new industries took over in the area.
The old industries were run by individual business people.
The state experienced a mix of old and new industries.
The old industries were taken over by large corporations.

8. Which of the following best describes growth in the eastern half of Washington? (Points: 2)
Growth was rapid because settlers wanted to build homes on the good land.
Growth took off when East Coast bankers invested in the area’s traditional industries.
Growth was tied largely to the railroad and mining discoveries in the mountains of Idaho.
All of the above

9. Which of the following contributed the most to the rapid growth of Spokane? (Points: 2)
discovery of coal in the Cascades
discovery of gold in Idaho
development of wheat agriculture in the Columbia River Basin
establishment of a lumber mill

10. Which of the following best describes growth in the western half of Washington? (Points: 2)
Growth was rapid.
Growth led some cities to reshape the geography of their surroundings.
Growth brought many new opportunities, but also led to new social problems.
All of the above

financi4 answers:

Help is not doing your work for you. Why you dont give it a try and we can review them? If you dont give it a try there is no way you are going to learn the necessary skills to pass the tests during the semester. Besides, we would be doing you a diservice, because this is information you will need as you keep on going up to higher placement grades.

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