Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: ddl who wrote (35055)	9/26/2000 5:32:58 PM
From: Chuca Marsh	Respond to of 35569

DLa, and Bill, weird science leads to breakthroughts. The CONverse of it all here is: Doyle struck oil, again. Increased the cash position another Million per year average OZ$s The current cost Ask is US$0.058 - was US$0.17ish a few months ago. stockhouse.ca 7/30/00 - Fourth Quarter Activities & Cashflow Reports HOMEX - Sydney ------------------------- Fourth Quarter Activities & Cashflow Reports MINING EXPLORATION ENTITY QUARTERLY REPORT Name of entity Australian Platinum Mines NL ACN or ARBN Quarter ended ("current quarter") 072 439 591 30/06/2000 CONSOLIDATED STATEMENT OF CASH FLOWS Cash flows related to Current Year to date operating activities Quarter (12 months) AUD'000 AUD'000 1.1 Receipts from product sales and related debtors - - 1.2 Payments for (a) exploration and evaluation (54) 93 (b) development - - (c) production - - (d) administration (291) (1,086) 1.3 Dividends received - - 1.4 Interest and other items of a similar nature received 11 18 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Other (provide details if material) - - Net Operating Cash Flows (334) (975) Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects - - (b) equity investments (29) (29) (c) other fixed assets - (2) 1.9 Proceeds from sale of: (a) prospects - - (b) equity investments - - (c) other fixed assets - - 1.10 Loans to other entities - - 1.11 Loans repaid by other entities - - 1.12 Other (provide details if material) - - Net investing cash flows (29) (31) 1.13 Total operating and investing cash flows (363) (1,006) Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1,360 1,981 1.15 Proceeds from sale of forfeited shares - - 1.16 Proceeds from borrowings - - 1.17 Repayment of borrowings - - 1.18 Dividends paid - - 1.19 Other (provide details if material) (91) (124) Net financing cash flows 1,269 1,857 Net increase (decrease) in cash held 906 (851) 1.20 Cash at beginning of quarter/ year to date 447 1,353 1.21 Exchange rate adjustments to item 1.20 - - 1.22 Cash at end of quarter 1,353 447 PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES Current Quarter AUD'000 1.23 Aggregate amount of payments to the parties included in item 1.2 153 1.24 Aggregate amount of loans to the parties included in item 1.10 - 1.25 Explanation necessary for an understanding of the transactions Payments made to Director related entities pursuant to contractual agreements for these director related entities to supply consultancy services in relation to technical, finance and administrative matters for Australian Platinum Mines. Directors fees were also paid during the quarter which included the annual superannuation contributions on the directors fees NON-CASH FINANCING AND INVESTING ACTIVITIES 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows - 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest - FINANCING FACILITIES AVAILABLE Add notes as necessary for an understanding of the position. Amount Amount available used AUD'000 AUD'000 3.1 Loan facilities - - 3.2 Credit standby arrangements - - ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER AUD'000 4.1 Exploration and evaluation 100 4.2 Development - Total 100 RECONCILIATION OF CASH Reconciliation of cash at the end Current Previous of the quarter (as shown in the quarter quarter consolidated statement of cash flows) AUD'000 AUD'000 to the related items in the accounts is as follows. 5.1 Cash on hand and at bank 1,353 447 5.2 Deposits at call - - 5.3 Bank overdraft - - 5.4 Other (provide details) - - Total: cash at end of quarter (item 1.22) 1,353 447 CHANGES IN INTERESTS IN MINING TENEMENTS Tenement Nature of Interest at Interest reference interest beginning at end of (note(2)) of quarter quarter 6.1 Interests in mining tenements relinquished, reduced or lapsed - - - - 6.2 Interests in mining tenements acquired or increased - - - - ISSUED AND QUOTED SECURITIES AT END OF CURRENT PERIOD Description includes rate of interest and any redemption or conversion rights together with prices and dates. Category of Number Number Issue Paid-up securities issued quoted Price value (cents) (cents) 7.1 Preference securities (description) - - - - 7.2 Changes during quarter (a) increases through issues - - - - (b) decreases through returns of capital buybacks, redemptions - - - - 7.3 Ordinary securities 37,739,005 37,739,005 - - 7.4 Changes during quarter (a) increases through issues 8,000,000 8,000,000 - - (b) decreases through returns of capital buybacks - - - - 7.5 Convertible debt securities (description and conversion factor) - - - - 7.6 Changes during quarter (a) increases through issues - - - - (b) decreases through securities matured, converted - - - - 7.7 Options (description Exercise Expiry and conversion factor) price date (cents) 2,000,000 - 20 31/05/2001 4,285,715 - 100 06/06/2001 3,160,000 - 20 31/01/2000 3,879,000 - 20 30/06/2004 8,000,000 - 20 30/06/2004 7.8 Issued during quarter 8,000,000 - 20 30/06/2004 7.9 Exercised during quarter - - - - 7.10 Expired during quarter 1,000,000 - 70 - 4,000,000 - 70 - 7.11 Debentures (totals only) - - 7.12 Unsecured notes (totals only) - - COMPLIANCE STATEMENT 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX. 2 This statement does/does not give a true and fair view of the matters disclosed. D Hannon Date: 31/07/2000 DIRECTOR/COMPANY SECRETARY SCHEDULE OF TENEMENTS ATTACHMENT TO ITEM 6 SUMMARY OF MINING TENEMENTS AND AREAS TENEMENT % INTEREST EL45/1435 100% EL45/1494 100% EL45/1568 100% EL45/1580 100% EL45/1688 100% EL45/1689 100% EL45/1690 100% EL45/1691 100% EL45/1692 100% .."" Chucka-the bucka stopped at the top, not the bottom.

To: ddl who wrote (35055)	9/26/2000 5:53:30 PM
From: Bill Jackson	Read Replies (2) \| Respond to of 35569

ddl, Not any longer. A new group has bought the control block and they are beating the bushes to stir up the snakes. When I was there it was a honest operation, we trie a small open pit and ran 1000 tons through pamour for which we were paid $30,000 and pamour paid all costs. Shortly after that gold dived and pamour would only pay $12/ton....basic economics and we decided to keep it in the ground as $12/ton was not enough to excite us. Then the older paretners fell ill and they opted to sell the control bolck of 2.7 million shares to the group in that news release. At that point I resigned as I did not like the dishonest nature of the new people and I feared they would involve me in crooked actions...which I would not do....could lose prof engineers stamp for that stuff. So now they bounce from pillar to post. Dog nose how they will do? Bill