asx ann 07/05/2013 Shandong Qixing Iron Tower Co. Ltd (“Shandong”) (002359.SZ)
Shandong is prepared to pay an indicative price of US$140 million or above for Stonewall Mining.
The Board of Directors of Stonewall have considered and approved Shandong’s final offer to acquire Stonewall Mining
see Ttop 20 list at the bottom ---------------------------------------------- 2 DIRECTORS appointed 29 jan 2013 asx announcement
Stonewall Resources Limited (ASX: SWJ) is pleased to announce the appointment of two new Directors to the Stonewall Board, Yang Liu and Jian Shen.
Mr Liu will also serve as a member of the Remuneration Committee and the Disclosure Committee, while Mr Shen will be appointed as the Chairman of the Audit Committee.
ABOUT
Mr Liu is the founding partner and President of Hanhong Private Equity Investment Company.
Mr Shen is currently the Chief Financial Officer of Hanhong Private Equity Investment Company -------------------------------------------------- PRODUCTION Stonewall is currently processing gold from tailings dumps located within its TGME and Bosveld Projects, from which it is earning revenue and aims to introduce two additional near term production targets during 2013. _______________________________________________________
a virtual unknown stock.listed in late 2012.... don't think most of the market even knows its exists
I feel the asx announcement has been mostly overlooked given its listing price and since then...appears there has been a concerted effort to bring the price down to flush out holders....
trading appears to indicate ...based on volumes...that what is on is issue is very tightly held....now they want the rest _____________________________________________________
Last qtr report NO Debt
Cash on Hand...$6,444,000
Going from explorer to Producer ................. Operational Re-commissioning of Theta Mine completed, and mining commenced Construction for the upgrade of the TGME Pilgrims Rest Plant: - Circuit 1 (crushing, milling, differential flotation, precon circuit, CIL Plant) completed
- Processing of Theta ore commenced 30 March 2013 - Theta Plant rebuilt and underground development and re-commissioning
completed within four months and within budget ($2.8m)
Stonewall successfully concluded the feasibility study into the re-opening of Rietfontein underground mine
TGME granted the New Order Mining Right for the Glynn’s Lydenburg Project
Bosveld Mines granted conversion to a New Order Mining Right for the Klipwal/Kortnek Project
Projects
TGME AND SABIE PROJECTS 31 Dec 2012
Beta Beta has a current JORC compliant mineral resource of 530,800oz as defined by the JORC code (69.1koz indicated, 461.7k oz inferred at a grade of 3.10 – 4.86g/t)
Vaalhoek
The Vaalhoek mine has a current JORC compliant mineral resource of 248,000oz Inferred at a grade of 5.74 g/t as defined by the JORC code and is targeted to produce 40,000tpm for up to 70,000oz** per annum once fully operational from an average depth of between 120m and 250m below surface.
Theta A JORC compliant mineral resource of 32,700 oz Inferred at an average grade of 9.78 g/t as defined by the JORC Code exists.
Since listing on the ASX on 30th November 2012 and gaining the approval of the Board of Directors to proceed, Theta Mine has been dewatered, debris removed the adit enlarged and the rock bolting checked and upgraded. Stonewall has also installed compression and ventilation, commenced on-reef development, with mining of first stope underway and two LHD’s operating underground. The planned reopening of the mine is on time and within budget. The refurbishment of Theta Mine is scheduled for completion by April 2013 after which production will be ramped up over four months on a capital budget of $2.7m.
Sabie Mines
The Sabie Mine complex includes the Rietfontein and Glynn’s* complex which comprises of five sections; Rietfontein, South Werf, Malieveld, Compound Hill and Olifantsgeraamte. These mines have a current JORC compliant mineral resource of 1.136m oz (316.3k oz indicated, 818.5k oz inferred) at a grade of between 3.51 to 7.92 g/t as defined by the JORC Code.
BOSVELD MINES Klipwal Tailings Project
Over the next three months, the project will be fully commissioned, with a target of 20,000tpm and a 400oz production per month**.
Lucky Draw
Weelah
Springfield
Mt David
------------------------------------------------
shares as per Qtr REPORT 30 April 2013 (LATEST) Total number .....404,498,924..most in escrow Number quoted......185,729,305....trading
Escrow shares estimate..218,769,619
OPTIONS 20c ex ...................10,860,0000 fully diluted ...................415,358,924
ASX ANN 31 Jan 2013 states(this differs from the latest figures on april 30 2013 Qtr report
Share Capital: Total Free Floating Shares1 185,729,305 Total Escrowed Shares1 218,769,619 Total Shares On Issue1 404,498,924 Deferred Consideration Shares2 73,081,389 South African Shares3 64,918,611 Total 542,498,924
1 Fully paid ordinary shares 2 Consideration shares/options to issued at a deemed price of $0.20 each once the JORC compliant resource increases to 2,800,000 ounces (within 12 months following completion of the Share Sale Agreement – current JORC resource 2,994,000 ounces). 3 Put and Call Option Agreement to purchase the remaining issued share capital in Stonewall Mining Proprietary Limited from South African shareholders
------------------------------------------------------ asx ann 29 nov 2012
Top 20 Holdings as at 28-11-2012 Security Classes Selected for this Report: Fully Paid Ordinary Shares Fully paid ordinary shares 12 mth escrow to 22 June 2013 Fully paid ordinary shares 24 mth ecsrow to 7 April 2013 Fully Paid Ordinary Shares Escrowed to 24 March 2013 Fully Paid Shares Escrowed 24M from Quotation Unlisted fully paid shares 12 mth escrow to 3 October 2013 Unlisted fully paid shares 24 mth escrow from date of Quotation Group/Holder No Holder Name 28-11-2012 % S00036187425 KHAN INTERNATIONAL LIMITED 133,020,286 32.885 S00036187310 SALAMANCA VENTURES LIMITED 46,230,905 11.429 S00036187433 MURRAY SA INVESTMENT PTY LTD 39,914,851 9.868 S00036187336 HANHONG NEW ENERGY HOLDINGS LTD 34,917,356 8.632 S00036187344 SMART VISION INVESTMENT GROUP LTD 23,278,238 5.755 S00036187271 RESOURCES CAPITAL HOLDINGS LIMITED 17,750,000 4.388 S00036187328 MR TREVOR FOURIE 15,464,564 3.823 S00035977228 JIABANG INTERNATIONAL INVESTMENT LIMITED 10,000,000 2.472 S00036187468 QUEENSLAND M M PTY LTD 6,918,357 1.710 S00033564601 JIA BANG WANG 6,000,000 1.483 S00025552512 MERIDIEN CAPITAL LTD 5,000,000 1.236 S00036187484 SHIRLAND LTD 4,557,976 1.127 S00036187450 ACTIONETTE PTY LTD 4,069,622 1.006 S00033415362 MR YIZHEN HUANG 3,890,000 0.962 S00033419236 MS JENNIFER PING HUANG 3,121,603 0.772 S00018860317 SUBURBAN HOLDINGS PTY LTD 2,460,158 0.608 S00033436858 MR JARRAD DUNN & MRS LENKA DUNN & MRS MICHELE STANTON 2,000,000 0.494 S00013183252 DARONTACK PTY LTD 1,627,845 0.402 S00035988246 MR NEIL BARRY FRANKS 1,500,000 0.371 S00002436191 WOBBLY INVESTMENTS PTY LTD 1,450,000 0.358
Totals for Top 20 363,171,761 89.783 Total IC 404,498,924
TGM Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
(20min delay)