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well...I see that it is in the BVIG Q filing...
This is important for a QB company.
$68,553 was in the Q ending June 30, 2012 as:
CURRENT LIABILITIES
Due to related party
$68,553
TOTAL CURRENT LIABILITIES
$68,553
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8758379
Page 2
Now we know (from the current S-1) it was a loan from KATX
I was talking about anything new from the last S-1 to the current one though.
Thanks B402 :o)
oops..sorry revelations...my mistake. for some reason I was thinking for some reason I was replying to mappo...
Go KAT!
Yes mappo, I agree we are close! Not much changed in the S-1 #5
That ....
$68,553 was in the Q ending June 30, 2012 as:
CURRENT LIABILITIES
Due to related party
$68,553
TOTAL CURRENT LIABILITIES
$68,553
Page 3
www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8758379
Now we know (from the current S-1) it was a loan from KATX
-
This is a new statement in the S-1:
In addition, our parent company Kat Exploration had made a loan to us in the amount of $68,553.00 as of June 30, 2012. This loan does not bear interest. We continue to owe our parent company this sum as of the date of this prospectus.
This is a new statement in the S-1:
In addition, our parent company Kat Exploration had made a loan to us in the amount of $68,553.00 as of June 30, 2012. This loan does not bear interest. We continue to owe our parent company this sum as of the date of this prospectus.
Sorry you have lost track.... :o) They are all listed here:
http://www.otcmarkets.com/stock/BVIG/filings
Probably the last changes on this one...and will be approved any day.
GO KAT's !
Any day!.... looks good to me! :o)
New NOBLE announcement
http://www.nobleminres.com.au/live/wp-content/uploads/2012/10/Resolute-financing-proposal.pdf
Also from Resolute:
Resolute Mining plays knight to Noble Mineral Resources
Thursday, October 25, 2012 by Bevis Yeo
Resolute Mining plays knight to Noble Mineral Resources
Resolute Mining (ASX: RSG) has offered Noble Mineral Resources (ASX: NMG) an alternative A$85 million financing offer along with an acquisition of 19.99% of Noble's shares.
The offer is conditional on Noble rejecting the proposed investment from Chinese private investment group Zhongrun, which had offered to subscribe for A$84.7 million worth of new ordinary shares in Noble, making the fund Noble’s largest shareholder with 41.5%.
Resolute has executed Share Sale Agreements with certain Noble shareholders to acquire 19.99% of Noble shares in exchange for Resolute shares.
It will also fully underwrite a A$78.7 million Entitlement Issue of convertible notes to Noble
Shareholders and subscribe for A$6.3 million in convertible notes on the same terms.
Resolute will also provide an immediate US$20 million guarantee to enable Noble to borrow additional funds to meet its short-term funding needs.
The proposed notes will mature in three years and carry an 8% per annum coupon, paid semi-annually. These can be converted into Noble shares at A$0.12 each.
Resolute said its offer ensures that Noble will have access to the short-term funds it needs in a timely fashion while its underwriting of the A$85 million notes provides a high degree of visibility to Noble shareholders on receipt of these funds.
It added that if all existing Noble shareholders take up their entitlements and all convertible notes are subsequently converted, Resolute would hold 23.1% of the enlarged capital of the company, with existing Noble shareholders holding the remaining 76.9%.
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.
http://www.proactiveinvestors.com.au/companies/news/34970/resolute-mining-plays-knight-to-noble-mineral-resources--34970.html
Note: Although this page is an explanation of how cash dividend dates work, deferred ex-dates are also used, under certain circumstances, with stock dividends, spinoffs and warrant issues. With those types of distributions the 25% threshold is not a factor, as often times the value of a spinoff or warrant is not known at the time of declaration. However, any time a deferred ex-date is applicable, no matter if the distribution is in cash or securities, the deferred ex-date rules explained here, including the due bill process, apply.
http://groupssa.com/understandingdividenddates.html
This says quite differently Gump..... Sounds like Katx will have a deferred ex date... Read it. Totally opposite of what you said.
http://groupssa.com/understandingdividenddates.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80735838
Silver, Homevendor...also very interesting.....Thanks!
Dividends of 25% or More of a
Company's Stock Price
Cash dividends of 25% or more of a company's stock price represent a fraction of one percent of all dividends paid and are handled quite differently from normal dividends. There are some similarities, however. Like normal dividends, unusually large dividends have a declaration date, a record date, an ex-dividend date and a payment date. Also, like normal dividends, the ex-dividend date for a dividend of 25% or more of a company's stock price is set by the exchange, not the company. Here's the big (and confusing) difference: While the ex-dividend date is indeed set by the exchange, it occurs not before the record date, but after. In fact, the ex-dividend date is not even before the payment date! By rule, the ex-dividend date is one business day after the payment date. (In such cases the term deferred ex-date applies.)
Here's the exact quote from the New York Stock Exchange Listed Company Manual: "When the distribution is 25% or more, the Exchange will defer trading the security "ex" until one day after the mail date for the distribution."
And Nasdaq Rule 11140(b)(2) states: "In respect to cash dividends or distributions, stock dividends and/or splits, and the distribution of warrants, which are 25% or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date."
Although the wording is slightly different, the meaning is the same.
This can be very confusing, having the ex-dividend date after the payment date. To further confuse things, in such circumstances, any shareholders of record who sell their shares before a deferred ex-dividend date also sell the right to receive the dividend. This is not optional to the seller, it is mandatory. The right to receive the dividend is contained in an attachment to the sold shares and that attachment is called a due bill.
The payment of a dividend via due bills is quite unlike a normal dividend payment. Shares that are purchased after the record date but before the deferred ex-date (the due bill period) are traded with a due bill attached. The chain of events that begins on the payment date works like this: The dividend is first paid to the shareholder of record, then, on the due bill settlement date, which is commonly two trading days after the ex-date, the dividend is withdrawn from the account of the shareholder of record who sold the shares during the due bill period and is then paid to the shareholder who bought the shares during the due bill period.
The dividend is paid to all shareholders of record first because that is the only information the company has on who is eligible for the dividend. The due bills are then executed by the stock brokerages of the buyers and sellers during the due bill period. The company does not participate in the due bill process.
A very unusual circumstance, to be sure. But there are good reasons for such a procedure.
On big percentage distributions one of the reasons the ex-date is after the payment date is to prevent the chaos that would be triggered if the the ex-date was before the payment date as is normally the case. For example, if the ex-date was before the payment date for a stock that was selling for $21 and they paid out a distribution of $7, such a dramatic drop in price could potentially, and unfairly, trigger margin calls in margin accounts holding the stock. To the stock brokerage it would appear that the total value of the stock had dropped precipitously when in reality the dividend that had not yet been paid would make up the difference. By making the dividend payment before the stock price is adjusted down on the ex-dividend date, no margin call would be issued because the value of the account would not be unfairly compromised.
Another reason for the use of due bills with stock dividends, spinoffs and extra large cash dividends is that it allows shareholders to receive the full value of their holdings if they choose to sell during the due bill period. Otherwise they would have to wait the days or weeks between a normal ex-dividend date and the payment date.
Note: Although this page is an explanation of how cash dividend dates work, deferred ex-dates are also used, under certain circumstances, with stock dividends, spinoffs and warrant issues. With those types of distributions the 25% threshold is not a factor, as often times the value of a spinoff or warrant is not known at the time of declaration. However, any time a deferred ex-date is applicable, no matter if the distribution is in cash or securities, the deferred ex-date rules explained here, including the due bill process, apply.
To summarize, in cases of a deferred ex-date, stock traded between the record date and the ex-date trades with a due bill attached that specifies that the right to receive the dividend is sold with the stock. With electronic trading and electronic book entry accounting, due bills are rarely seen by stock investors today but they are noted on the trade confirmation slips.
The Purpose of the Record Date
With all dividends, the record date establishes that only the shares outstanding as of that date are eligible for the dividend. With normal dividends that is a moot point because the ex-dividend date, being two business days before the record date, has already established which shares (and which shareholders) qualify for the dividend. But in the case of a dividend of 25% or more of the company's stock price, the ex-dividend date is after the record date, usually many days or weeks after, so the company may, if it chooses to do so, issue additional stock after the record date but before the ex-dividend date without affecting the gross amount of the declared dividend. While occasions of a secondary offering during such a period are rare, there are many more instances of shares being issued through dividend reinvestment plans and through exercise of stock options and convertible securities.
In cases of a deferred ex-date, the only function of the record date is to determine on which shares the dividend is paid. Because of that -- and this is a critical point -- it is the ex-dividend date that determines who qualifies for the dividend, not the record date.
While initially confusing, there are valid, rational reasons why on big percentage distributions the ex-dividend date is after the record date and after the payment date. It doesn't happen often, but big percentage distributions don't happen often. That's why most investors aren't familiar with how they work.
Note: As of February 21, 2012, Canada has adopted the same due bill process.
Summary
All the above dividend date information can be broken down to into five simple statements:
1. The record date determines which shares receive the dividend.
2. The ex-dividend date determines which shareholders receive the dividend.
3. For normal dividends, the ex-dividend date is two business days before the record date, unless the record date falls on an
exchange holiday or a Saturday, in which case the ex-date shall be one day earlier than it otherwise would have been. If the
record date falls on a Sunday, the ex-date will be two days
earlier than it otherwise would have been.
4. For dividends above 25% of the stock price of the company, the ex-dividend date is the first business day after the payment date.
5. Dividends are not free money - the price of the stock is reduced by the amount of the dividend at the open of trading on the ex-dividend date.
http://groupssa.com/understandingdividenddates.html
Homevendor...That is very interesting....
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
If you have questions about specific dividends, you should consult with your financial advisor. You can also get information by going to your library and reading Standard and Poor's Dividend Record Binder.
Raven, I think they need Initial Information Disclosure and Attorney letters
But looks like they are continuing to move forward....lets see what they get filed today.
Another Q filed
http://www.otcmarkets.com/stock/AUCI/filings
BVIG Check out where the Ekom Eya property is on this zoomed in map.
I circled the Ekom Eya property in Green. You can see it's outline.
BVIG Ekom Eya sits "within" the NOBLE North Bibiani Prospecting License...
Right in NOBLE's Prospective areas shown in Pink. (see maps below)
The PINK area sits directly on top of the Ekom Eya property.
New from NOBLE:
INDEPENDENT STUDY CONFIRMS AND UPGRADES GOLD RESERVES
see map below in this new announcement and from previous announcement
http://www.nobleminres.com.au/live/wp-content/uploads/2012/10/Independent-study-confirms-and-upgrades-gold-reserves.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80476551
Not that we know of yet...but looks like they may be soon...
They just keep working their way closer and closer and now they are prospecting on top of Ekom Eya!
See maps in post below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80476551
Thanks Splash... great find. BVIG Ekom Eya has a lot of potential...
Thay may just happen......
Check out the NOBLE map!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80476551
BVIG KATX Gotta keep our eyes open on these KATs ! :o)
KATx has filings!
http://www.otcmarkets.com/stock/KATX/filings
Looking for the S-1 approval.
KATX BVIG Gotta keep our eyes open on these KATs ! :o)
http://www.otcmarkets.com/stock/KATX/filings
So much in the works!
NEWS ALERT Initial Company Information and Disclosure Statement
Date :10/16/2012 @ 10:14PM
Source :
OTC Markets
Stock :
Kat Exploration Inc. (PN) (KATX)
Quote :
0.0018 0.0001 (5.88%) @ 4:24PM
Initial Company Information and Disclosure Statement
Tue, Oct 16, 2012 10:14 - KAT Exploration Inc. (KATX: OTC Link) released their Initial Company Information and Disclosure Statement. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=92604
Wowsers... Check out all the KATX filings. :o)
http://www.otcmarkets.com/stock/KATX/filings
Working on their Coda Octopus Group Website....
http://group.codaoctopus.com/
Good News! Thanks multivalue!
Coda Octopus Group, Inc.: EchoscopeR real-time 3D visualization on the St Lawrence Seaway
Mon Oct 15, 2012 9:28am EDT
Company Contact: Geoff Turner,
Director and Group Officer info@codaoctopusgroup.com
Coda Octopus Group Inc.
EchoscopeR real-time 3D visualization on the St Lawrence Seaway
Lakeland, Fl. October 15, 2012) - Coda Octopus Group, Inc. (OTC: CDOC.PK), as part of its expansion efforts appointed MSi3D as non-exclusive sales representative for the territory of Canada and also completed the sale of an EchoscopeR and F180seriesR system to MSi3D of Quebec, Canada (www.msi3d.com). MSi3D, is a partnership formed between MVC Ocean, Groupe Synergis and iScan to exploit their combined expertise of commercial diving, hydrographic survey and laser scanning. MSi3D will use the EchoscopeR and F180R to offer services such as bridge, and harbor wall inspections, as well as services to companies doing underwater maintenance or construction on the St Lawrence Seaway.
Yves Becotte, President of MSi3D, commented "We spent a lot of time looking at different sonar systems and how they could benefit our operations. In the end, the decision was straightforward as nothing could match the all-round versatility of EchoscopeR . We can use it for so many different applications, meeting the diverse demands of all our customers. The positive response from our customers about this technology has been overwhelming."
Blair Cunningham, our President of Technology, said: "we believe that working with MSi3D we will be able to introduce the EchoscopeR and other Coda Octopus marine products to the Canadian market with fast delivery and good quality support. MSi3D combined expertise in commercial diving, hydrographic survey and laser scanning make them ideally placed for this purpose. The EchoscopeR real time 3D sonar is the technology of the future for underwater visualization. Over the last twelve months the range of applications where the EchoscopeR has been successfully deployed has grown significantly. Businesses in oil and gas, cable-laying, salvage and elsewhere who are involved in complex and difficult underwater operations are beginning to understand the advantages of immediate high quality 3D images that the EchoscopeR provides over the conventional sonars or multibeam equipment, and are getting real productivity gains through deploying the EchoscopeR ."
About Coda Octopus Group, Inc.
Originally founded in 1994 as Coda Technologies, the Coda Octopus Group is now headquartered in Lakeland, Florida. The Group consists of a Marine Products business located in Lakeland, Florida, Edinburgh, Scotland and Bergen, Norway, and engineering businesses in Salt Lake City, Utah and Weymouth, England. Each of the Group companies are technology innovators with a particularly high level of sonar expertise. The Group has facilities in Florida, Utah, the UK and Norway.
Alongside providing custom engineering and development for defense applications, one of the Group's key products is the Coda Octopus EchoscopeR - the world's first real time patented 3D sub-sea sonar. The EchoscopeR is also at the heart of the Underwater Inspection System(TM), which is being adopted for homeland security, and other applications in ports around the world.
With this patented revolutionizing sub-sea visualization capability, and the existing systems integration skills within the Group, the Coda Octopus Group believes it can become a world leading integrated sonar technology supplier.
For further information, please visit http://www.codaoctopusgroup.com or contact Coda Octopus at info@codaoctopusgroup.com.
Safe Harbor Statement:
This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Coda Octopus Group plans, expects, should, believes, anticipates or words of similar import but all statements other than of historical fact could be deemed forward-looking statements. Stockholders, potential investors and other readers are cautioned not to place undue reliance on these forward-looking statements that are predictions and opinions based only on current information as of the date of this press release that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in registration statement on Form SB-2 and include, but are not limited to, market acceptance of Coda Octopus' planned products and their level of sales, access to the capital necessary to finance and grow the business, a highly competitive environment in the security field that includes numerous large and well established companies much larger than ours, and our ability successfully to deploy our technologies and products to meet the technical demands and market requirements of our customers. These forward-looking statements are only made as of the date of this press release and Coda Octopus Group does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
--------------------------------------------------------------------------------
Thanks paratrooper! :o)
Yep, I think that's Paul Abbott with Thomas Brookes.....
http://www.linkedin.com/pub/paul-abbott/15/b47/732
Advisors ~ Paul Abbott
Paul holds a MSc in Mineral Exploration from Rhodes University and is a member of the Geological Society of South Africa. Paul Abbott is a geologist with 35 years of international exploration and mining geology, engineering geology and hydrogeology experience covering a broad range of geological terrains and minerals. Metallic minerals include gold, platinum, copper, nickel, lead and zinc, while non-metallic minerals include diamonds, emeralds, asbestos and coal. He holds undergraduate and post-graduate degrees in geology. Paul has a proven record of success in discovering and defining ore reserves and resources. Geological modeling of regional structures in West Africa has led to the discovery of sub-parallel shear zones in lithologies previously regarded as barren, resulting in the significant expansion of new exploration target areas. Paul is familiar with new as well as conventional exploration techniques, with skills in the selection and application of the appropriate technologies and equipment to design and implement cost-effective exploration and exploitation programs.
http://katexploration.com/PressReleases/Business_Summary_Kat_Gold_Holding_Corp.pdf
"Indicated" from Paul Abbott :o) And we all know...
he has a very impressive work history.
http://www.linkedin.com/pub/paul-abbott/15/b47/732
"Indicated" from:Gold Potential of the Ekom Eya
Paul Abbot, Geologist
The most current exploration work on the site was carried out by Central African Gold Limited in 2007 when
some 3,441m of RC drilling was completed. Main targets were the ore zones below the 4th level to avoid the
old workings concentrated above the 4th level where substantial highly mineralized wallrocks and pillar
supports were left by earlier mining which followed and extracted ore shoots grading about 10g/t (Figure 5 &
Appendix 2).
Quartz veins, sheared graphitic phyllites and quartz stockworks make up the geology of the ore zones. Quartz
porphyry was also associated with mineralisation in several instances. Sulphides such as pyrite, arsenopyrite,
pyrrhotite and chalcopyrite occur with the gold and the schistose host rocks exhibit carbonate alteration.
Ore body intersections of between 2m-8m widths were encountered and grades were up to 24g/t.
Cumulative intersected widths total 67m with grades such as 8m@24g/t, 8m@10.4g/t, 6m@3.9g/ t and
12m@ 1.69g/t were encountered. More importantly, the average ore width was given as 4.79m at an
average grade of 3.86g/t (Tables 1 & 2).
CAGL estimated about 300,000 ozs oxide gold resources for the Ekom Eya concession. Eight of the holes,
each about 180m long, were drilled into the Ekom Eya property.
The drill hole plan view with intersections clearly shows the gold mineralised trend is in a north-south
direction along almost the entire 600 metre length of the permit (Figure 7).
Inputting of all available data on the concession gave indicated gold resources of about 1,380,887 tons @
6.0g/t (266,380 ozs) within the confines of the concession (Figure 7). However strike extensions remain
open at both ends and at depth.
Echo Bay (Ghana) Limited diamond drilled a total of 12 holes in early 1995. Seven holes were drilled into and
around the old Bibiani North Mine. The best results were 49.4 g/t over 2.2 meters and 19.8 g/t over 2.65
meters. These intersections clearly indicated that there are very rich gold shoots within the broad shear
zones.
The drilling indicated that there are high grade remnants left around the old workings together with the
possibility of a continuous ore body between the high grades shoots of around 5-6g/t. This could make
Bibiani North a viable prospect both as an open pit and an underground operation.
These findings encouraged AGBL to pursue a 23 hole drilling programme of 2,091 metres in March 1998. The
holes were pre-collared by 50-65 metres of RC drilling and were completed by 15-30 metres diamond drilling
(NQ). The holes were aimed at the interface of transition to sulphides, but a few deeper holes were drilled as
well. Results include 19.2g/t over 1.2 metres next to a stope which implies that the wallrocks are mineralised
in the mined out areas. Another intersection was 12.1g/t over 4.3 metres.
These results clearly indicate that substantial amounts of gold still remain within the old stoped out areas,
with the mineralisation occurring in the wallrocks. This mineralisation within the wallrocks increases the
overall width of the ore bodies, which will also increase the gold resources within this permit.
BVIG ~ Like this part too:
Inputting of all available data on the concession gave indicated gold resources of about 1,380,887 tons @
6.0g/t (266,380 ozs) within the confines of the concession (Figure 7). However strike extensions remain
open at both ends and at depth.
Agree ShortonCash... lots of drill holes there. :o)
hmmmm B402....The report also says this:
NOTE: Drilling into old workings is inherently difficult with substantial water losses whenever the old
workings are intersected, plus substantial core losses, so the above Echo Bay drilling campaign would have
only given an indication of the gold potential within this permit.
"Reasonable intersections were encountered during this drilling. Cumulative intersected widths total 67m
with an overall average width of 4.79 metres and average grades of 3.86 g/t (Table 1). Grades such as
8m@24g/t, 8m@10.4g/t, 6m@3.9g/ t and 12m@ 1.69g/t were encountered (Table 2). Hence the very
narrow ore zones reported by earlier workers seem doubtful, as the 2007 drilling showed that widths in the
order of 4.0m to 12m are attainable.
It was observed that reasonable ore grades and width exist below the old workings and along strike
extensions as opposed to deductions by earlier workers. It would be recalled that substantial core loss
reported by earlier workers may account for their poor and unreliable results.""
BVIG Ekom Eya Project
KAT Gold’s project in Ghana is an existing mining operation located on the Bibiani Gold Belt in Ghana. Based on previous drillings, there is a known minimum resource of 300,000 oz, with intersections between 2m-8m of grades up to 24g/t. There is also a waste dump estimated to contain 30,000t with reported grades up to 9.76g/t (representing a minimum of 4,000 oz) and a 60,000t tailings area with sampling results as high as 21.2g/t.
Artisanal production conducted by locals has been ongoing on a small scale for some time, but with the arrival of our mine manager Thomas Brookes to the Ekom Eya mine site in July, there has been an increase in activity and planning for a greater increase in production through proper mining techniques has begun.
Ekom Eya Mining Operation Project Highlights:
Bibiani Gold Belt
Historical mining on property -1939-1941- 30,000oz extracted from 90,000t ore (10g/t)
Drilling on property including 49g/t over 2m and 19.7g/t over 2.1m
Waste dump estimated to be 30,000t with reported grades up to 9g/t
Tailings estimated 60,000t at up to 21.2g/t in Pamunu river
Inferred resource of 1,380,887 tons @ 6.0g/t (266,380 ozs) (based on 17 hole drill results), with intersections between 2m-8m of grades up to 24g/t,
Opportunity for additional drilling
For more detailed information on the Ekom Eya gold project please view the link to our Executive Summary below the Ekom Eya map on the home page.
http://www.katexploration.com/Graphics/properties/Ekom%20Eya%20Gold%20Property/Ekom_%20Eya_Report_Western_Region_Bibiana_Ghana.pdf
Ekom Eya sits "within" the NOBLE North Bibiani Prospecting License...
Right in NOBLE's Prospective areas shown in Pink. (see maps below)
The PINK area sits directly on top of the Ekom Eya property.
New from NOBLE:
INDEPENDENT STUDY CONFIRMS AND UPGRADES GOLD RESERVES
see map below in this new announcement and from previous announcement
http://www.nobleminres.com.au/live/wp-content/uploads/2012/10/Independent-study-confirms-and-upgrades-gold-reserves.pdf