I am still adding to a potential turn around play. Merger of WGDF and R. Check some of the players and news out:
Romarco Minerals reappoints MacDonald to board
2005-12-06 10:54 ET - News Release
Ms. Diane Garrett reports
ROMARCO APPOINTS DON MACDONALD TO BOARD OF DIRECTORS
Romarco Minerals Inc. has appointed R.J. (Don) MacDonald to the board of directors. Mr. MacDonald is the senior vice-president and chief financial officer of NovaGold Resources Inc., and has over 20 years of experience in the mining industry. He was previously CFO of De Beers Canada Mining Inc. and Dayton Mining Corp., as well as at Granges Inc.
Mr. MacDonald has been directly involved in the operation or development of 10 mines in North and South America. He was also instrumental in the completion of over $500-million (U.S.) in international mining project financings and $500-million (U.S.) in mining mergers and acquisitions. Mr. MacDonald holds a master's degree in engineering from Oxford University and he is a chartered accountant.>>>>>>
new.stockwatch.com
Accumulation:
Romarco Minerals shareholders increase holdings
2005-11-17 19:49 ET - News Release
Ms. Stephanie Thompson reports
U.S. GLOBAL INVESTORS, INC. - NATIONAL INSTRUMENT 62-103 FILING
U.S. Global Investors Inc. (the offerer), investment adviser of the U.S. Global Investors World Precious Minerals Fund, the Meridian Global Gold and Resources Fund and the U.S. Global Investors Balanced Natural Resources Fund, confirms that on Sept. 6, 2005, the offeror, on behalf of the minerals fund, the global gold fund and the natural resources fund, purchased 5,682,353 units, 100,000 Units and 100,000 units, respectively, of Romarco Minerals Inc. pursuant to a private placement from the treasury of the issuer. Each unit consisted of one common share in the capital of the issuer and one common share purchase warrant, each warrant exercisable into one common share upon payment of 21 cents per common share until Sept. 27, 2007. Assuming the exercise of the 5,882,353 warrants, the acquisition represented 22.32 per cent of the issued and outstanding common shares as at Sept. 6, 2005.
new.stockwatch.com
Romarco, Western Goldfields appoint Outzen as COO
2005-10-13 11:55 ET - News Release
Ms. Diane Garrett reports
ROMARCO MINERALS INC.: CHIEF OPERATING OFFICER APPOINTED AT MESQUITE
Romarco Minerals Inc. and Western Goldfields appoint Rex Outzen as chief operating officer of Romarco. Mr. Outzen will be overseeing the operations at the Mesquite mine owned by Western Goldfields and working with Western Goldfields' Mesquite mine team to initiate the resource-modelling work and feasibility studies.
Romarco and Western Goldfields executed the definitive merger agreement on Sept. 30, 2005 (see the press release in Stockwatch dated Oct. 3, 2005), and are waiting regulatory and shareholder approvals.
Mr. Outzen (BSc honours, metallurgical engineering) is a highly qualified operator bringing over 25 years of experience in the development, construction and operation of both precious and base metal mining projects in North and South America, including the Andacollo gold mine (Chile), Gilt Edge mine (South Dakota), Borealis mine (Nevada), Manhattan mine (Nevada) and McCoy mine (Nevada). Mr. Outzen also brings extensive experience in the development of project feasibility studies. Most recently, Mr. Outzen was a consulting operator for Metallica Resources Inc. in the development of the Cerro San Pedro heap leach project in San Luis, Potosi, Mexico.
new.stockwatch.com
Romarco names Van Ginkel as chairman
2005-10-24 08:58 ET - News Release
Ms. Diane Garrett reports
ROMARCO APPOINTS EDWARD VAN GINKEL AS CHAIRMAN
Romarco Minerals Inc. has appointed Edward Van Ginkel as chairman of the board of directors. Mr. Van Ginkel has been a director of Romarco since 2003 and holds a law degree from the Osgoode Hall Law School in Canada. Mr. Van Ginkel's career spans 25 years in the mining and metals industry, focused primarily on corporate development and exploration transactions, and in financing and developing major mines in Canada and throughout the world.
Currently, Mr. Van Ginkel serves as a legal adviser and consultant to several major and junior, mining companies, and as a director on several public company boards.
Mr. Van Ginkel has served as vice-president, general counsel for Noranda Inc. (now Falconbridge Inc.), where he had primary legal responsibility for the affairs of Canada's largest mining and metallurgical company and, subsequently, as vice-president, international projects in Noranda's corporate development and exploration group, where he assumed senior responsibility for many of the company's international transactions
new.stockwatch.com
For WGDF I have heard really good things about this guy:
Western Goldfields, Inc. Management and Board Changes
2005-10-26 13:42 ET - News Release
RENO, Nev., Oct. 26, 2005 (PRIMEZONE) -- Western Goldfields, Inc. (OTCBB:WGDF) announces changes to its management team and board leading up to completion of its proposed merger with Romarco Minerals Inc.
Thomas (Toby) Mancuso and Tom Callicrate have resigned as president and chief executive officer and vice-president, Exploration, respectively, and as members of the board of directors, with effect from October 21, 2005. Both Mr. Mancuso and Mr. Callicrate decided to leave the company after execution of the definitive merger agreement between Western Goldfields and Romarco in order to pursue other business interests. In addition, James Mancuso has stepped down as chairman of the board, although he will remain as a member of the board.
The board is pleased to announce that it has appointed Douglas Newby as chairman, president and chief executive officer. Mr. Newby has nearly 25 years of experience in mining evaluation and finance. He was intimately involved with the company's acquisition of the Mesquite gold mine in southern California and has served as a director of the company since January 2004 and as its executive vice-president since March 2005. Mr. Newby commented, "I would like to thank Toby and Tom for their efforts and commitment to the company since its formation and wish them every success in their future endeavors. They will continue to assist us with some of our exploration properties where they have particular knowledge and expertise. We believe these changes will facilitate progress towards completing the merger with Romarco, scheduled for early 2006, subject to regulatory and shareholder approval."
new.stockwatch.com
Western is drilling the Sunnyslope target around an old mine. High grade chip samples even though we know those can be meaningless:
At least two gold-bearing brecciated quartz veins have been identified along northwest trending fault zones. Selective rock chip assays returned up to 24.572 ounces per ton gold from a 2-foot channel sample of the quartz vein. The veins, which are poorly exposed, appear to extend for many hundreds of feet in strike length. The vertical extent of the high-grade veins is unknown because the property has not yet been drill tested.
In addition to the high-grade quartz-gold veins that occur at Sunny Slope, a second target has been identified. The high-grade veins may actually represent the surface manifestation of a much larger gold porphyry system that is concealed at depth. >>>>
westerngoldfields.com
We have previously entered into non-binding letters of intent for joint venture arrangements with respect to the
Lincoln Hill Property, and the Mining Joint Venture Agreement on the Sunny Slope Gold Project with 321 Gold. The Sunny Slope agreement covers
16 claims in Mineral County, Nevada, plus an area of interest including all lands within approximately one mile beyond the boundary of the claims.
westerngoldfields.com
Drilling is finished and assays are pending. If they hit Bob of 321 will help with promo I would guess.
But most importantly re-firing Mesquite may be very sweet.
Check out this report. Proteus capital was instrumental in early promoting of WTC and VYE. Their reports are on this website. 32 pages here on WGDF are well worth reading IMO.
proteuscapital.com |
