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PUA, PURE ALUMINA LIMITED
blacksheep
post Posted: Aug 16 2019, 12:04 PM
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In Reply To: blacksheep's post @ Aug 15 2019, 02:28 PM

QUOTE
HEG has had a name change - now PUA - PURE ALUMINA LIMITED


As expected received an ASX please explain - they know nothing. SP down 6.06% @ 3.1c



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 15 2019, 02:28 PM
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HEG has had a name change - now PUA - PURE ALUMINA LIMITED

SP up 34.62% @ 3.5c ON NO NEWS. No doubt will get a please explain shortly. Is it a leaky ship or do they need another top up? They did a "top up" during last quarter of $1.75 mil and were undertaking a $30 mil CR to fund the Polar acquisition and build the HPA plant

Cash in kitty at end June $1.3 mil. Estimated outflows this quarter $727k

QUOTE
The $30m capital raise was the major activity during the quarter. After agreeing
mandates with Patersons and Fraser McKenzie Merchant Capital, a global roadshow to
brief investors in Europe, North America and Australia was undertaken. There was
strong interest and positive feedback. Currently, follow up meetings, site visits by
investors to Polar’s HPA pilot plant and investor due diligence is underway. The capital
raise has been extended to capture those who were absent during the holiday periods in
the northern hemisphere and Australia.

Pure Alumina is preparing a notice of meeting and independent expert report on the
transaction to enable shareholders to consider and vote on the transaction once the
capital raise and other conditions precedent are satisfied. The notice of meeting will be
sent to shareholders once finalised and approved by the ASX.

Pure Alumina and Polar agreed to extend their acquisition agreement to 30 September
2019 to allow sufficient time to complete the transaction. However, PUA no longer has
exclusivity for the acquisition of Polar (see ASX Release of 24 July 2019).


Maybe they've sold their gold assets? Gold is hot ATM

Odd early trading
QUOTE
10:34am AEST 0.026 1,500
39.00 MO
10:33am AEST 0.026 1,500
39.00 MO
10:32am AEST 0.026 1,500
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10:11am AEST 0.026 1,500
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39.00 MO
05:03am AEST 0.026 7,081
184.106 XT
05:00am AEST 0.026 7,081
184.106 XT
04:58am AEST 0.026 7,081
184.106 XT
04:52am AEST 0.026 7,081
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184.106 XT
04:34am AEST 0.026 7,081
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184.106 XT
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184.106 XT
04:25am AEST 0.026 7,081
184.106 XT
04:23am AEST 0.026 7,081
184.106 XT
04:20am AEST 0.026 7,081
184.106 XT
04:17am AEST 0.026 7,081
184.106 XT
04:15am AEST 0.026 7,081
184.106 XT
04:12am AEST 0.026 7,081
184.106 XT
04:06am AEST 0.026 7,081
184.106 XT
12:02am AEST 0.026 7,081
184.106

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Apr 25 2019, 01:53 PM
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QUOTE
Pure Alumina (PUA) 2.9c

Until recently known as Hill End Gold, Pure Alumina has renounced its gold activities in favour of developing its Yendon kaolin project near Ballarat in Victoria.

The company reports a definitive feasibility study is “progressing well”, with a focus on reducing the costs outlined in the preliminary study. The envisaged size of the plant is also under review, with the company likely to opt for a smaller facility of around 1000 tonnes per annum, but starting ahead of the envisaged 2022 commissioning date.

In the meantime, the Hill End gold assets in central NSW are for sale to the highest bidder.

- lots of recycling happening here.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: triage  
 
blacksheep
post Posted: Aug 17 2018, 04:46 PM
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In Reply To: blacksheep's post @ Nov 23 2017, 08:53 AM

Does Regal Funds like Hill End Gold or not?
extract
QUOTE
But a "special report" on Hill End Gold published this week by small-cap website Stockhead had an unusually hefty endorsement. Retweeting the link to the research, which predicted a 500 per cent return over 12 months for investors, was Julian Babarczy, who oversees the emerging companies strategy at top hedge fund Regal Funds Management, the stock's largest single investor.

The report appears to have caused a near 60 per cent price spike on massive volumes when published on August 13. And while Babarczy was far from the only one to highlight the report, he was the most reputable, so we're sure his tweet helped.

But it turns out on the very day Babarczy retweeted the bullish projection, Regal Funds Management sold 396,058 Hill End shares. It's been selling since June, according to the notice filed on the ASX this Wednesday.

Which begs the question several have asked: was Babarczy drawing the market's attention to a bullish projection so he could get a better price for his sale?


Not hard to see Julian Babarczy is a strong supporter of pretty much all stocks Tolga Kumova is invested in. https://twitter.com/BabarczyJulian - all started with SYR, Regal Funds acquired a substantial holding in SYR, in "unusual" circumstances at the time that saw the SP plunge.

QUOTE
Regal Funds ‘linked’ to sudden fall in Syrah Resources price
From the Australian 13/6/15
Regal Funds Management, the Sydney-based boutique being examined by regulator ASIC over a mystery share trade in 2013, appears to have been linked to an unusual and sudden drop in the price of mining junior Syrah Resources in early 2013.

Syrah is a Melbourne-based explorer with a very promising graphite and vanadium play in Mozambique, whose share price fell by more than 43 per cent in a few days in late March and early April in that year.

The corporate regulator’s investigation is believed be centered on whether there was a plan to push down the price of Syrah. Regal, a multi-award-winning fund manager with a top reputation among investors, is believed at the time to have been unable to lift its holding because of the tight share register.
Regal has declined to comment on the nature of the probe.

Regal’s hedge fund, the Australian Long-Short Fund, is understood to have been short-selling the stock at that time in big quantities, taking Syrah’s share price down from $3.00 to $1.70 over eight trading days, without actual news to move the stock.

The drop caused shareholders to lose more than $30 million in capitalisation. The share price has since recovered to just under $4.


In July 2014 we had the rumour - Glencore kicks off $2bn takeover race for Syrah Resources - not sure where that came from but it caused the SP to spike to a high of $5.99

Then in March 2015 there were possible takeover target comments - this time from Julian Barbarcy - which again saw a spike in the SP

QUOTE
Syrah Resources (SYR), up 42.6 per cent this year.
Babarczy: "Syrah owns the highest quality and largest-size graphite project globally, which is highly strategic given it will be fundamental to the graphite supply chain used in batteries for electric vehicles."

https://www.smh.com.au/business/markets/hed...305-13vgrw.html




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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 23 2017, 08:53 AM
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In Reply To: blacksheep's post @ Jul 27 2017, 09:49 PM

HEG SP has retraced since the recent spike, that was caused by the mention of Tolga Kumova becoming a shareholder.

SP should get a boost today from Tolga's media friend, Barry Fitzgerald, latest plug. Already doing the rounds of twitter and HC. Up, up and away - "Mr. Midas touch should shine some additional magic on this puppy soon!!" is the suggestion

My suggestion is - too much Mr Midas touch and someone is going to get caught out sooner or later, so tread carefully

As for the author of this piece - you cannot be serious with this??? What relevance does any of this have to do with the project's potential?? Sounds like something you would read from a ramper on HC. Let's see if the SP reaches"Ludicrous mode" today - or should that be "ridiculous mode"

QUOTE
The Ferrari-driving Kumova, and soon-to-be proud owner of the latest (battery-powered) top-of-the-range Tesla, won’t have far to go to check on progress of the HPA project.

Ballarat is a 90-minute drive from Melbourne on the Western Highway. If he is ever tempted to go full throttle in the Ferrari, or the Tesla in its Ludicrous mode, the drive time would be something substantially less.

https://stockhead.com.au/columnists/investo...y-alumina-push/
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 27 2017, 09:49 PM
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Highlights Drilling starts on HEG HPA Project
27 July 2017

QUOTE
Drilling has started to delineate the initial kaolin resource for the HEG high purity alumina (HPA) project.

The Yendon kaolin deposit near Lal Lal, Victoria is the initial target and is located on EL5457 and EL 5461, which are part of HEG's 100% acquisition of the HPA Project.

Previous drilling of the Yendon kaolin deposit for the paper and filler markets was done during the 1980s and outlined (non-JORC) ~1Mt of -53micron material with ~95% kaolin and low contaminant material; ideal feedstock for the HPA purification process.

The Yendon drilling program is for 120 aircore drill holes and some cored holes in three areas on either 100m x 100m or 50m x 50m spacing to a depth of 10-20m.

The resource delineation and estimation is planned to be completed by September 2017.

A composite bulk sample of the drilled deposit will be metallurgically tested under the management of BHM Process leading to the design of the kaolin beneficiation plant, the high purity alumina purification facility and HPA product specification.

The preliminary feasibility study for the HPA Project is to be completed in early 2018.

Hill End Gold Limited has entered into a binding asset Sale Agreement to acquire the rights, title and interests in granted exploration licences, tenement applications and the entire issued share capital of Pure Alumina Pty Ltd (ACN 618 881 137), a company associated with Tolga Kumova and Tom Eadie, for its HPA Project. The terms of the agreement have been advised in previous announcements.

Re-drilling of the initial deposit at Yendon, near Lal Lal, Victoria is being done in preparation for a JORC 2012 compliant resource estimate. The drilling program, assaying and JORC resource estimation are expected to be finished during the next quarter.

A reference bulk sample from this drilling program will be provided for kaolin beneficiation and HPA process test work and preliminary HPA product specification.


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


terrine
post Posted: May 24 2011, 02:41 PM
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For your information..
The Bismark
HMAS Sydney
USS Arizona
Princess of the Orient
The Lusitania
The Titanic
HMHS Brittanic
HMAS Canberra
Royal Pacific
Oceanos
...Ships that have sunk

 
terrine
post Posted: Oct 20 2010, 10:28 AM
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In Reply To: N.M.Mer.'s post @ Sep 20 2010, 09:36 PM

SUSPENDED FROM QUOTATION

I loved his spin for a few years but I sure am glad I got out last year at the top of the market.
I hope for shareholders they get some good management, more money is not the only answer

 
N.M.Mer.
post Posted: Sep 20 2010, 09:36 PM
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In Reply To: terrine's post @ Jul 30 2010, 04:45 PM

I have heard that a supplier is allegedly sueing HEG for a substantial amount of money, after HEG stopped mining around three months ago.

Good news for HEG holders !
"Underground mining at Hill End temporarily halted to expand resources in the Hawkins Hill – Reward deposit and along three kilometres of strike beyond the deposit. " Under the heading of "Highlights" from the 30/7/10 Quarterly Activities Report.

The MD closes the Company's only mine, it's only income earner and lists it as one of the highlights in the Quarterly Activities Report. This MD is not a spin doctor, he is a professor of spin.





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Disclaimer : Believe nothing I write .
 
terrine
post Posted: Jul 30 2010, 04:45 PM
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In Reply To: sharp737's post @ Jul 25 2010, 06:29 PM

I see they got some more funding - should last them amother month
What a disaster this one has turned out to be.
Lucky I bought their gold bars when they were avaiable I got something to remind me of the dream.

 
 


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