frizzers Posted October 14, 2009 Report Share Posted October 14, 2009 Please discuss, post news, views etc on Ascot Mining ... Ascot are a tiny gold producer based in Costa Rica. They have various mines at various stages of development . The plan is to become a 100,000 ounce producer . They made their first gold pour at Chassoul just a few weeks ago . Many of you noticed the Financial Times article a few weeks ago that mentioned they are forward selling gold for delivery next year at a 20% discount to spot. This is to raise capital to get buy equipment etc to bring them into production. Link to article. Estimated cost per ounce around $400. Website - http://www.ascotmining.com/ Latest news - http://www.ascotmining.com/companynews.html Plus info - http://www.plusmarketsgroup.com/details.sh...99/GBX/PLUS-exn Canadian entrepreneur David Jackson at the helm. Website could be improved ; and a listing on an exchange that brings more liquidity to the stock would also benefit company . Anyone else own stock? Link to comment Share on other sites More sharing options...
Mr Pipples Posted October 14, 2009 Report Share Posted October 14, 2009 Anyone else own stock? Not till they get it sorted with market makers for ATMGY... Link to comment Share on other sites More sharing options...
frizzers Posted April 25, 2010 Author Report Share Posted April 25, 2010 Covered in Moneyweek: http://www.moneyweek.com/investment-advice...ocks-01510.aspx Link to comment Share on other sites More sharing options...
frizzers Posted April 25, 2010 Author Report Share Posted April 25, 2010 Possible bottom forming - LINK TO CHART UPDATE Link to comment Share on other sites More sharing options...
JIMBOWEN27 Posted April 26, 2010 Report Share Posted April 26, 2010 Possible bottom forming - LINK TO CHART UPDATE CC - i read your update in Moneymorning with interest. I went to the Master Investor show on saturday and spoke to Ascot who had a stand there (which was pretty busy). They came across well and explained the current position with La Toyota. I asked about the possible listing on the TSX and said i thought this was very important to boost liquidity and led to a higher rating as Toronto investors know how to value companies better than AIM or Plus! I'm definitely considering investing in Ascot as they look very cheap, but my biggest concern is liquidity. I will continue to research. Any further thoughs from others welcome...... Link to comment Share on other sites More sharing options...
frizzers Posted April 26, 2010 Author Report Share Posted April 26, 2010 Canadian listing would really help them, yes. There's been another Toyota ruling in their favour , so that look good. Main object is to get 3 good months of production at Chassoul mine, then they have some money ... Link to comment Share on other sites More sharing options...
JIMBOWEN27 Posted April 27, 2010 Report Share Posted April 27, 2010 Canadian listing would really help them, yes. There's been another Toyota ruling in their favour , so that look good. Main object is to get 3 good months of production at Chassoul mine, then they have some money ... Yes the company said that there had been an initial ruling in Ascot's favour and their partner now had to respond within a certain time frame. He either had to buy them out or return the machinery. Agree some production figures are key now. Are Xetra stocks allowed to go in ISA's or do we have to wait for TSX listing? Re TSX i spoke to Dave Paxton, the CEO of Vatukoula who confirmed they will be listing there as he was well aware it should led to a re-rating Link to comment Share on other sites More sharing options...
frizzers Posted May 13, 2010 Author Report Share Posted May 13, 2010 London 13 May 2010: Ascot Mining Plc is pleased to provide a follow up progress report on its operations and address certain recently introduced changes to mining laws in Costa Rica http://www.plusmarketsgroup.com/PLUS_news_...99/GBX/PLUS-exn Good stuff. Canadian listing coming. Production being ramped up. New Costa Rican mining laws actually benefit Ascot. Link to comment Share on other sites More sharing options...
Whosthedaddy? Posted May 15, 2010 Report Share Posted May 15, 2010 I like the look of this company on paper at least. Though I've no idea about management team, anyone got any comments on them? Link to comment Share on other sites More sharing options...
jerpy Posted May 25, 2010 Report Share Posted May 25, 2010 London 13 May 2010: Ascot Mining Plc is pleased to provide a follow up progress report on its operations and address certain recently introduced changes to mining laws in Costa Rica http://www.plusmarketsgroup.com/PLUS_news_...99/GBX/PLUS-exn Good stuff. Canadian listing coming. Production being ramped up. New Costa Rican mining laws actually benefit Ascot. Am I right in thinking the market has misunderstood these laws and punished them regardless? Getting tempted now, Link to comment Share on other sites More sharing options...
frizzers Posted May 26, 2010 Author Report Share Posted May 26, 2010 I don't think market has punished because of that. Sell off in gold ... sell of in markets both contributing. This promised 100 ounce pour. HAs that happened? Link to comment Share on other sites More sharing options...
Mr Pipples Posted March 3, 2011 Report Share Posted March 3, 2011 Any thoughts on Ascot CC? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.