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  1. #1
    Administrator Joe Blow's Avatar
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    Post SIH - Sihayo Gold

    Sihayo Gold Limited (SIH) was previously known as Oropa Limited (ORP).

    For previous discussion of this company please see the ORP thread, which can be found here: http://www.aussiestockforums.com/for...ead.php?t=1916

  2. #2

    Default Re: SIH - Sihayo Gold

    Code Last % Chg Bid Offer Open High Low Vol
    SIH
    08 Sep 2010 0.175 2.94% 0.175 0.180 0.170 0.180 0.170 1,546,300 07 Sep 2010 0.170 9.68% 0.175 0.160 4,995,622
    06 Sep 2010 0.155 0% 0.155 0.145 1,989,673
    03 Sep 2010 0.155 -3.12% 0.160 0.150 955,387
    02 Sep 2010 0.160 0% 0.160 0.155 165,000
    01 Sep 2010 0.160 6.67% 0.160 0.150 642,500

    Is any one following this scrip ?
    The volume is substantially up in Sept and so is price, directors buying.
    Is it being artificially jacked up or the scrip has some real value

    Any feedback will be appreciated
    Miner :
    All sellers are inevitably, and by the meaning of the word, buyers so DYOR .

  3. #3

    Default Re: SIH - Sihayo Gold

    Should be possible to get a 6-15% ride on this, from current 16c level to 17-18.5c without too much bother.

    Uncomplicated chart. Two parallel lines connecting nicely back to 2009, and one overhead. Cup with handle.
    Attached Images
    Last edited by Gringotts Bank; 19th-March-2012 at 01:46 PM.

  4. #4

    Default Re: SIH - Sihayo Gold

    Ha, we see different things....I see an area that will bounce the stock around potentially!

    20-03-2012 10-07-23 PM.png

    You can see the levels I am looking at, it does look like offering something though, that 15c level may hold.
    Too much downside risk in my mind with 2 close levels and not much below...

  5. #5

    Default Re: SIH - Sihayo Gold

    see the post I just made on feedback thread!

  6. #6

    Default Re: SIH - Sihayo Gold

    Quote Originally Posted by Gringotts Bank View Post
    Should be possible to get a 6-15% ride on this, from current 16c level to 17-18.5c without too much bother.
    Now 18.5. Slightly overbought now IMO. Looking for re-entry. Gold was due for a bounce.

  7. #7
    Make the drill work for YOU springhill's Avatar
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    Default Re: SIH - Sihayo Gold

    Latest news on SIH

    ASX Code SIH
    Shares on issue 703.7M
    Options unlisted 20.8M
    Cash A$2.5M
    Market Capitalization A$112M
    52 week price (low/high) A$0.09 - $0.27
    Top 20 Shareholders 77%

    SIHAYO ‐ SAMBUNG JORC COMPLIANT RESOURCE UPDATE June 12 2012
    The Sihayo‐Sambung JORC Compliant Resource of 17.0 Mt at 2.7 g/t Au for 1.5 Moz contained gold lies on about 2.7km of a 5.5km long trend of gold mineralisation that has been defined by surface exploration work.


    KEY OBJECTIVES FOR 2012
    * Complete Sambung Resource Infill Drilling Program - Completed late March
    * Upgrade JORC Resource Report for Sambung Resource - Completed May
    * Finalise Definitive Feasibility Study (“DFS”) - Due by end of June - not reported yet
    * Resource extension drilling at Sihayo - Sambung Resource
    * Exploration and definition drilling at Hutabargot Julu prospect
     Sihayo - Sambung and Hutabargot drilling ongoing thru 2012
    * Obtain Indonesian Permitting to begin construction
     AMDAL Permit – Environmental and Social Impact Study
     Government of Indonesia Feasibility Study
     Forestry “Borrow to Use” Permit
     Target end of Q4 2012 or Q1 2013

    DFS RESULTS TO DATE (March)
    * Capital cost of US$121 million (includes 9.9MW power station)
     Plus Pre-production mining US$10.5 million
    * 1.5 mtpa standard CIL processing plant
    * Estimated mine life minimum 7 years
    * LOM estimates:
     Average production 90koz per annum
     Site cash operating costs (incl royalties) US$578/oz
     Average strip ratio of 3.8:1 (after pre-strip)
     Process recoveries 73%
    * Ongoing optimisation site cash costs
    * Target completion June 2012

    Suprisingly illiquid for a company with this many shares on issue, but with top 20 holding 77% many of them in lock down. Buy and sell side virtually non existent, but one side has to loosen eventually, will it be buyers or sellers? Page 19 on the March presentation is worth looking at, shows future potential for SIH. This has alot of shares on issue, but some good potential. Look for the DFS out soon. Worth watching.


    Director and substantial holder support recently.
    http://www.asx.com.au/asxpdf/2012060...pvdk5nkrj0.pdf
    http://www.asx.com.au/asxpdf/2012052...ytrtrkjhjp.pdf
    http://www.asx.com.au/asxpdf/2012052...gmklx9wvx0.pdf
    http://www.asx.com.au/asxpdf/2012050...1gkh63sy9g.pdf
    Attached Images
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  8. #8
    Make the drill work for YOU springhill's Avatar
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    Default Re: SIH - Sihayo Gold

    Trouble's a brewin!
    http://www.asx.com.au/asxpdf/2012070...l1hnh2wvft.pdf

    On Saturday 7th July, a group of local demonstrators, consisting mostly of local illegal artisanal miners, arrived and disrupted the Company’s Sambung exploration camp.
    Company personnel are all accounted for, are safe and not injured. Despite the presence of local police, and Sihayo’s own security team, the demonstrators have caused significant damage to the Company’s exploration camp.
    As of Sunday 8th July, local police personnel are securing the exploration camp and all demonstrators have left the camp area. These are criminal acts against the Company and the Company shall work closely with local authorities to bring those responsible for these acts to justice. Currently, seven leaders of the illegal miners have been arrested by the police and there is an expectation that more arrests shall follow.

    The Company believes this latest incident was provoked by those directly involved in the illegal mining activities and took place just weeks before the local Government and Police had planned to block the access of illegal miners to the COW area.
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  9. #9
    hoarding tinned food kennas's Avatar
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    Default Re: SIH - Sihayo Gold

    Apart from the disturbance looks interesting Springhill. They've run out of cash by the look though.

  10. #10
    Make the drill work for YOU springhill's Avatar
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    Default Re: SIH - Sihayo Gold

    Quote Originally Posted by kennas View Post
    Apart from the disturbance looks interesting Springhill. They've run out of cash by the look though.
    I pulled this from the March quarterly.
     Company ended the March Quarter with A$2.5m in cash and is debt free After the quarter end, the Company completed equity capital raising with firm commitments for 86.7 million shares at $0.15c per share to raise A$13 million before costs pursuant to the issue announced on 26th April 2012

    and then
    http://www.asx.com.au/asxpdf/2012050...19bcp9z5ry.pdf
    http://www.asx.com.au/asxpdf/2012052...gf5363rwzv.pdf
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

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