CRU - Crew Gold Corporation

[Hoff@]

Nå har ryktene om at CREW blir kjøpt opp iløpet av sommeren kommet.

Jeg har snakket med en person som kjenner en som kjenner en.

Jeg har ikke fått hverken bekreftet, eller avkreftet ryktene, men etter samtalen ble styrket i mistanken om at noe er på gang nå.

 

Dette var også en av grunnene til at jeg ble aksjonær i går, etter over 1. års fravær.

 

Så får vi se hvem som får rett, spennende blir det uansett, og jeg kan bare anbefale noen lodd for den som er utenfor.

[kwazipoet]

Holder med Hoff i dette. Imidlertid tror jeg ikke Crew kjøpes opp enda, men at det kommer et bud i størrelsesorden 17-20 kroner per aksje innen kort tid. Om dette skjer, skal jeg le hele veien til nettbanken! ;)

 

Ikke gå glipp av dette vinnerloddet, folkens! Større sjanse her enn i Lotto, that's for sure.

[vidar]

AKER KVAERNER ENGAGED TO CONDUCT SCOPING STUDY FOR HURDAL MOLYBDENUM PROJECT

 

Crew Minerals is pleased to announce that it

intends to fast track the development of its 100%

owned molybdenum project in Hurdal, Norway. The

company has engaged Aker Kvaerner Engineering

Services Ltd (Aker Kvaerner) to conduct a scoping

study based on the positive results of SRK`s

independent inferred resource and a follow-up

mining method investigation. The environmental and

social impacts of this project are of primary focus

for the Company and these areas will be central to

the scope of this study with Aker Kvaerner engaging

Scott Wilson Mining (incorporating Knight Piesold)

to provide state-of-the-art Tailings Management

Facility (TMF) design and environmentally positive

closure outcomes.

 

In May 2007, SRK confirmed the quality of the

Hurdal data. They expressed confidence that Hurdal

has a reasonable prospect for economic

extraction.

An inferred mineral resource of 210 million tonnes

grading 0.13% MoS2 was estimated at a 0.07% MoS2

cut off. Crew has engaged SGS Lakefield, Canada to

conduct a metallurgical recovery test program on

samples from the Hurdal orebody. This test work

will include crushing and milling properties,

flotation testing and mineralogical study of the

concentrates. The results will allow design of the

optimal processing flowsheet and provide recovery

data for the economic modelling.

 

This scoping study will further provide the mining

method description, mining infrastructure

description and a complete mining schedule. Based

on similar projects already in production, it will

provide an order of magnitude capital cost estimate

for the process plant and infrastructure. Aker

Kvaerner will then combine the capital and

operating cost schedules for the mine, process

plant and TMF and will produce simple financial

modelling for a range of molybdenum prices.

 

Mr. Hans Christian Qvist, President and CEO of Crew

Minerals states `These are still early days for our

100% owned Hurdal Molybdenum Project, but we are

encouraged by our recent results and we are

determined to prioritise the development of this

deposit based on a positive scoping study. Today we

have a large inferred resource with grades similar

to, or higher than, comparable projects in

Australia and Canada. Hurdal is the only molybdenum

deposit in development in mainland Europe, which is

the largest market for molybdenum in the world.

Based on the SRK inferred resource, this deposit

contains about 550 million pounds of molybdenum,

and at today`s price of about USD 30/lb, this

project has excellent potential. Our in-house

estimates suggest that this project could be a real

stand-alone company maker. Strategically, the

Hurdal deposit, along with other molybdenum

occurrences, such as Ramnes where we are drilling

this summer, are priority projects where we will

allocate considerable human and financial resources

to determine if we can develop these projects into

mines`.

[Hoff@]

God kveld

 

Denne stjeler jeg rått fra HO.

 

I kveld har vi fått tre spennende opplysninger:

 

1. CRU vil innkasserere ytterligere millioner kroner i salgsgevinst fra CMI. Årets Q2 blir knallblått!

 

http://hopey.netfonds.no/release.php?id=20...5.Hugin.1135394

 

2. UMOE Invest AS ser ut til å ha kjøpt seg kraftig opp i CRU på dippen de siste ukene. UMOE skal nå sitte på totalt 62 mill aksjer inkl. konvertibelt lån.

 

3. CRU har i kveld bekreftet oppstart av roadshow i USA. Presentasjonen blant store, utenlandske investorer startet i dag 25. juni og pågår til 28. juni.

 

 

HER ER HELE PRESENTASJONEN!!

 

http://www.crewgroup.com/presentation/rbc_...esentation.html

 

 

HER ER OGSÅ DEN HELT OPPDATERTE AKSJONÆRLISTEN!! Den viser at både UMOE Invest AS, Goldman Sachs og Sundal mfl. har kjøpt seg kraftig opp i CRU.

 

Gled dere til i morgen og resten av uken!

Vær obs på utenlandske aksjekjøpere!

[Hoff@]

Flagger i Crew Minerals

Storaksjonær har kommet seg over fem prosent i Crew Minerals.

 

 

 

 

Muslik AS har kjøpt 294.500 aksjer i Crew Minerals, heter det i en børsmelding.

 

Etter dette har Muslik totalt 4.681.000 aksjer, som utgjør 5,1 prosent av utestående antall aksjer i selskapet.

[Bartender]

Pareto er meget positiv til CRU for tiden og har kommet ut med en ny oppdatering over selskapet.

 

CRU.pdf

 

Noen som har analyser fra andre meglere ??

[kwazipoet]

Ser ut som om vi skal ligge i "limbo" mellom 11.50 og 12.00 i en liten evighet nå (ja, jeg snakker om en drøy måned)! ;) Q2-varselet blir spennende, spesielt for dem som har trodd at Lefa var stoppet. Sakser også inn svar på en henvendelse jeg gjorde til William LeClair:

 

_{We will be issuing our next report on Aug 15^th which is our normal quarterly report. Lefa production certainly has not stopped and as we stated in our last release it is proceeding as planned after the decision to expand the plant capacity was taken.}

 

Minner også om at tre ulike analytikere (den siste fra Orion, så vidt jeg husker) opererer med kursmål fra 19 til 25 på denne på 6-12 mnd. sikt.

[Bartender]

DATE: 14 August, 2007

 

TRADING SYMBOLS;

TORONTO AND OSLO - CRU

FRANKFURT - KNC

OTC, BB, OTHER - CRUGF

 

N E W S R E L E A S E

 

Financial Results for the Quarter and Six Months

Ended June 30, 2007

 

LONDON, United Kingdom, August 15, 2007 - Crew

Gold Corporation (`Crew` or `the Company`) (TSE &

OSE: CRU; Frankfurt: KNC; OTC-BB-OTHER: CRUGF.PK)

QUARTER HIGHLIGHTS

- Overview

- Continued commissioning of Lefa and

completed commissioning of Nugget Pond

- Quarterly production of 48,365 oz (Q1

2007 - 12,912 oz)

- Results

- EBITDA of $40.8 million / 9 cents per

share (quarter ended June 30, 2006 - negative $4.2

million) primarily due to the divestiture of

shares of Crew Minerals

- Net profit of $26.8 million / 6 cents per

share (quarter ended June 30, 2006 - net loss of

$25.8 million)

- Lefa

- 24,412 oz produced in the quarter (up from

10,637 oz produced in Q1 2007)

- Upgrade of plant and commissioning

progressing

- Completed design of the plant expansion

project

- Commenced ordering new equipment for plant

expansion

- Continued encouraging drilling results

both regionally and near mine, further supporting

the plant expansion project

- Commenced scoping study for near term

mining of Siguirini deposit

- Interim resource and reserve report from

Banora and Siguirini to be released in Q3

- Masara

- Second MPSA for the project received on

June 25th completing the planned concession

acquisition

- Phase 1 pilot plant at Masara operating on

development ore

- Infrastructure development and ore

development progressing,

- Design of Phase 2 plant expansion

continued throughout the quarter

- Continued positive drilling and sample

results

- Review of expanded plant and tailings dam

construction to allow for future copper porphyry

production in progress

- Continued focus on adding further

tenements around the existing mining operations

and consolidating a larger long term gold and

copper porphyry potential

- Year end reserve and resource update for

2007 to be complete in Q1 2008

- Nalunaq Gold Mine and Nugget Pond

Processing Facility

- Record quarterly production of 21,697 oz

- Nugget Pond facility continuing to operate

at above design capacity with excellent recoveries

- Nalunaq ore production rate continues near

target of 500 tons per day

- Year end reserve and resource update for

2007 scheduled to be complete in Q1 2008

- Outlook

- Continued production growth over the next

6 quarters

- Investment in resource and reserve

expansion to continue

- Completion of capacity increase and

production ramp up at Lefa anticipated by the end

of Q1 2008

- Continued focus on securing new strategic

land claims

- Securing of adequate working capital for

commissioning of Lefa and Masara and completion of

Lefa expansion.

 

OVERVIEW

 

Crew is an international mining company focused on

identifying, acquiring and developing gold

resource projects worldwide.

 

Our stated objective is to become a significant

mid-tier gold producer. We believe we have the

assets in place and under development to achieve

our strategic objective of an annual production

rate in excess of 500,000 ounces per year in the

near term increasing ultimately to +700,000 ounces.

 

Annualised production rates anticipated to be

achieved following successful commissioning based

on current resource definitions are:

- Lefa: 380,000 - 420,000

ounces

- Masara: 85,000 - 180,000

ounces

- Nalunaq: 80,000 - 100,000

ounces

 

Results

Net profit increased significantly for the

quarter. This was, to a great extent, as a result

of the successful listing of Crew Minerals ASA

(`CMASA`) which realised hidden balance sheet

values, and subsequent gains on the sale of 24.6

million shares in CMASA during the quarter.

Crew has, over the last 5 years, systematically

refined and developed its gold project portfolio

by investing in high quality projects. The

financing of the company`s growth has, in part,

been achieved through the acquisition and sale, or

part sale, of non-strategic assets such as Hwini

Butre, Seqi, Barberton and CMASA. All of these

disposals have been completed profitably.

Operating revenues and costs at both the Lefa and

Masara operations continue to be capitalised as

these two operations have not attained commercial

production status.

For the three month period ended June 30, 2007,

Crew reported an EBITDA of $40.8 million (three

months ended June 30, 2006 - EBITDA of negative

$4.2 million). Significant components of EBITDA

for the current quarter are the net gain on the

sale of Crew Minerals shares of $44.7 million,

positive results of operations at Nalunaq / Nugget

Pond of $1.4 million and corporate costs of $5.3

million.

Net profit for the three months ended June 30,

2007 was $26.8 million (three months ended June

30, 2006 - net loss of $25.8 million).

Crew produced 48,365 ounces of gold during the

three months ended June 30, 2007 (three months

ended June 30, 2006 - 11,103 ounces). Gold sold

during the period was 45,663 ounces (three months

ended June 30, 2006 - 9,129 ounces).

For the six month period ended June 30, 2007, Crew

reported an EBITDA of $35.8 million (six months

ended June 30, 2006 - negative EBITDA of $2.9

million). Significant components of EBITDA for the

current six month period are the net gain on the

sale of Crew Minerals shares of $44.7 million and

net corporate costs of $8.9 million.

Net profit for the six months ended June 30, 2007

was $7.7 million (six months ended June 30, 2006 -

net loss of $36.8 million).

Gold produced and sold by the Group in the six

months ended June 30, 2007 were 61,276 ounces and

54,499 ounces respectively.

As a result of the reduction in the holdings of

CMASA shares during the quarter, to below 50% of

the outstanding shares, the Company has ceased to

consolidate, for accounting purposes, the assets

and liabilities of CMASA. There is no impact on

the results of operations for the period, however

the comparative figures at December 31, 2006

include the assets and liabilities of CMASA and

therefore are not directly comparable to the

current period figures.

 

For Full Results, please see attached pdf file.

 

Jan A Vestrum

President and CEO

[Bartender]

I dagens morgenrapport fra Orion Securities omtales følgende aksjer som dagens case:

 

 

 

Crew Gold (9,57) – tradingkjøp på sterk gullpris. Crew Gold har fått juling i sommer på kostnadsoverskridelser og produksjonsutsettelser. Kursfallet har imidlertid gjort aksjen billig, og dette skaper solid oppside ved en vellykket oppskalering av produksjonen.

Crew Minerals (13,55) – utbombet nikkelaksje. Den viktigste eiendelen til Crew Minerals er Mindoro Nickel-feltet på Filippinene. Dersom selskapet lykkes med dette, er aksjen en mangedoblingskandidat. Ha i mente at risikoen er høy i aksjen.

[Bartender]

London, September 12, 2007: Crew Gold Corporation

(`Crew` or the `Company`) would like to announce

that the Board has decided to increase the

Company`s equity base through a private placement

of up to 41.9 million new shares, equal to 10 % of

the existing shares of the Company, at an

indicative price range of NOK 8.90 - 9.50 per

share. The company remains the right to reject any

subscription and to issue less than 41.9 million

shares.

 

The gross proceeds from the private placement will

amount to approx. up to NOK 400 million and will

be used to finance the Company`s investment

program at the mines in Guinea and the

Philippines, and for general working capital

requirements.

 

The private placement will be managed by Pareto

Securities ASA and ABG Sundal Collier ASA, and

directed towards professional Norwegian and

international investors after the close of the

Oslo Stock Exchange today.

 

If the Investor is resident in Canada, the

Investor warrants that it is an `accredited

investor` pursuant to National Instrument 45-106

Prospectus and Registration Exemptions, acquiring

Shares for its own account or for one or more

accounts each of which is of an `accredited

investor. While these shares will be free trading

on the Oslo Børs, they will be subject to a

statutory holding period such that they cannot be

resold through the facilities of the TSX Venture

Exchange or otherwise in Canada for a period of

four months and one day from their issue.

 

 

For further information, please contact:

 

CEO Crew Gold Corporation, Jan A. Vestrum

phone +44 7766 506422

 

Or

 

CFO Crew Gold Corporation, William Leclair

Phone + 44 7957179879

[Carlos]

Hentet fra forumet i HO.

 

Fra Pareto ang. emisjon:

•September 9 we upped to Strong Buy, target USD 4/share

•Current share price weakness should soon be over

•Production ramp-up and solved funding should turn sentiment, a clear acqusition candidate.

•Lefa resource upgrade sometime this autumn.

•Expected resource upgrade, combined with production ramp up, takes the in situ value to NOK 15-18

•Strong re-pricing when commissioning is done in 1q08


Cru value – deep discount on assets and P&L.
•The current reserves and resources supports NOK 11/share, increasing to NOK 14 when producing
•15-30% upside from resource expansion during next 8 months
• Apex & Nalunaq refresh resource statements in spring (as well as Lefa).
•Acquistions price based on EV/prod could be USD 3,000/produced Oz
•Our estimates on 2008 and 2009 production are 480,000 and 645,000 Oz respectively. Subtracting net debt, this translates to NOK 12 and
NOK 16 for 2008E and 2009E respectively
•Company production targes from its 3 assets is 750,000 Oz. This could take acquisition price to NOK 19/share
•Mark to market P/E for 2008-2010 14x, 8x and 7x
•Peer group P/E trades at 34x, 22x and 19x according to Thomson Financials
•Cru P/E at solid discount, 35% on ’08E and 50% on ’09E. Peer group average translates to NOK 15 and NOK 23 for ’08 & ’09 respectively
•Fear of equity issue, needs a final round of funding. Moderate dilution if equity, will be in place before year end
•Ramp-up has been delayed. Lefa equipment is delivered in November and December. ----

[Bartender]

Pareto's siste er fra 3.september.

 

CRU2.pdf

 

Det de sier vedr. kapitalbehov er jo rimelig klar tekst.

 

There is some short term financing risk, the company will probably need another USD 50m in fresh cash by yearend. This may be done through an equity offering or a new bond - the model assumes debt. This is a small amount relative to the company’s financial gearing and also relative to its market capitalization. We believe the operational disappointment, combined with fear of a highly dilutive share issue, has pushed the share price to highly attractive levels.

 

Det som har forundret meg siste måneden er det hysteriske nedsalget av aksjer som enkelte har gjort. Har dette vært drevet av panikk, eller har det vært taktisk i påvente av ny emisjon ??

 

Blir spennende å se i morgen hvordan dette utvikler seg. Jeg håper på panikksalg i starten

[Bartender]

LONDON, United Kingdom, DATE: September 13,

20072007 Crew Gold Corporation (`Crew`) (TSE &

OSE: CRU; Frankfurt: KNC; OTC-BB- other: CRUGF.PK.)

 

Crew is pleased to report that the private

placement announced on September 12, 2007 of 42.25

million common shares has been fully subscribed at

a price of NOK 9.00 per share (approximately CDN$

1.64). The aggregate gross proceeds from the

placement is NOK 380.3 million (approximately CDN$

70.2 million), and will be used to finance the

Company`s investment program at the mines in

Guinea and the Philippines, and for general

working capital requirements.

 

The Private Placement was directed towards

institutional investors. Crew is pleased to report

the issue was substantially oversubscribed.

Investors in the private placement will upon

settlement of the transaction receive existing and

listed shares made available pursuant to a stock-

lending agreement between the Managers and Umoe

AS. Pursuant to the stock-lending agreement, Umoe

AS will receive a fee equal to an interest of

NIBOR plus 100 basis points on the gross proceeds

in the placement during the stock-lending period.

 

Crew`s advisors and placement agents for the

private placement are ABG Sundal Collier ASA and

Pareto Securities ASA. Completion of the Private

Placement is subject to the approval of the

Toronto Stock Exchange.

[Bartender]

Pen utvikling i kursen på slutten av dagen (Måtte det bare fortsette)

 

Selv gjorde jeg noen småhandler i dag, men endte ikke opp med større beholdning enn ved slutten i går. Det ble like mye kjøpt som solgt. Litt greit å få litt tap på selvangivelsen til neste år. De aksjene jeg kjøpte i går og de jeg kjøpte tilbake i dag skal jeg prøve å sitte på til over nyttår. (Om jeg greier da) Det er vanskelig å sitte rolig i en aksje som spretter så mye opp og ned.

 

Spottprisen på Gull er i skrivende stund opp og det kan vel heller ikke være negativt for utviklingen.

[Carlos]

Fra CAR idag (Kopiert fra HO):

 

 

CRU (9,05) – Fully financed.

Crew Gold Corporation (CRU) fell sharply after the Q2 report due to further delays and cost overruns. We believed the fall was exaggerated but also noted that there was a certain risk for an equity issue. This likely also dampened the share after the report.

 

Thursday CRU announced that they had completed an issue of 42,25m shares at NOK 9 for total proceeds of NOK 380m ($67m) (CRU held $40m as @ 31.06.07).

 

In one perspective the issue is positive as the liquidity issue now is solved and investors can widen the horizon and start discounting the cash flows from the LEFA operation that will come on stream in Q1 08.

 

Although the production at LEFA is delayed and CRU has lost some of the market’s confidence we believe the share is attractively priced and CRU now is fully financed.

 

Adjusting for the new shares and cash, our NAV is reduced to NOK 14 which we set as our new target.

 

According to our estimates (08e and 09e gold price $650/oz), CRU currently trades at P/E 08e 16x and 09e 9x whereas peers trade at P/E 09e of 15-17x.

 

Short-term we see triggers in the upcoming resource statements from the Sigurini and Banora resource statements announced to be released in september.

 

Last week gold broke the strong resistance level of $700/oz and we see several factors indicating a positive development in the gold price during this fall.

 

Gold has a negative correlation to the US$. The US$ is under pressure as Fed is expected to cut interest rates (ECB kept the interest rate steady).

Gold price has likely been under pressure from institutional selling to cover margin calls in the subprime turmoil July/August.

In a worst case US stagflation scenario gold should fall less than other asset classes. If the rate cut has the desired effect and stimulates growth and equities, gold should also benefit as concerns for inflation increases, gold is the “store of value”.

Physical demand picks up again, Indian demand up by 50% compared to 2006 (World Gold Council).

Gold/Oil ratio now down to 9,1 barrels/oz, average in 2007 10,29 barrels/oz. The 36 year average ratio is about 17,5 barrels/oz

NYMEX Gold forward curve is also indicating higher prices:

 

 

 

We reiterate our buy-recommendation with a target of NOK 14.

[Carlos]

20:34 18Sep07 MKW- Jens Dag Ulltveit-Moe Acquires Control of Securities of Crew Gold Corporation

LYSAKER, NORWAY, Sep 18 (MARKET WIRE) --

To comply with Canadian statutory reporting requirements, Mr. Jens Dag

Ulltveit-Moe, of Fornebuveien 84 1324 Lysaker, Norway, wishes to announce

that on Friday, September 14, 2007, an entity controlled by Mr.

Ulltveit-Moe acquired control over 1,690,000 common shares in the capital

of Crew Gold Corporation (TSX: CRU) ("Crew Gold"). As a result of this

transaction, Mr. Ulltveit-Moe controlled 74,201,000 common shares of Crew

Gold and forward contracts to purchase 15,080,000 common shares of Crew

Gold, in the aggregate representing approximately 19.21% of Crew Gold's

outstanding common shares.

 

The September 14, 2007 transaction occurred through the facilities of the

Oslo Stock Exchange. This acquisition was for investment purposes only

and Mr. Ulltveit-Moe, or entities owned or controlled by Mr.

Ulltveit-Moe, may increase or decrease their security holdings in Crew

Gold in the future.

 

To obtain a copy of the early warning report filed on SEDAR with respect

to this trade, please contact Mr. Erlend Grimstad at +47 977 42 140.

 

Contacts:

Crew Gold Corporation

Mr. Erlend Grimstad

+47 977 42 140

 

http://biz.yahoo.com/ccn/070918/200709180413847001.html?.v=1

-------------------

 

Nå kan aksjen stiger tenker jeg

[Hoff@]

Jeg fant ingen streng for CMI, limer derfor denne inn her.

 

MINDORO NICKEL PROJECT SHORT CLARIFICATION

 

 

09:13

MINDORO NICKEL PROJECT SHORT CLARIFICATION

 

 

 

With respect to the television segment aired on

Sunday, 23 September on NRK, Crew Minerals would

like to clarify that it has in no way acted

inappropriately in Mindoro, The Philippines.

 

The Memorandum of Agreement (MOA) that was signed

in 1999 with a sub- tribe of the Alangan tribe was

supervised by the National Committee for

Indigenous People (NCIP) in accordance with

Indigenous Peoples Rights Act and the Philippine

Mining Law. This agreement does not give Crew

Minerals the right to mine its concession. Mining

permission requires an Environmental Compliance

Certificate (ECC) which the project is not mature

enough to even apply for today. Today`s work with

the feasibility study and environmental and

community relations programs is all work that is

being conducted towards an ECC application.

 

With respect to the sub-concession related to this

MOA, the Company does not plan to move any

permanent settlements. This sub-concession is

planned be where the first 20 years of operation

will take place. It is 20 square kilometers in

size, and yearly activity will involve

approximately 1 sq. km of land which will be

immediately replanted with endemic trees and fruit

trees.

 

The community relations programs such as

microfinance, medical and dental assistance,

educational sponsorships and potable

water/irrigation infrastructure programs that the

Company conducts are part of the fulfillment of

the Mining Law of the Philippines that requires

companies to invest a percentage of their

exploration/development budget to community

development programs.

 

Crew Minerals ASA is dedicated to the responsible

and sustainable development of the Mindoro Nickel

Project, and is designing all potential mining

activities to comply with the World Bank`s Equator

Principles.

 

Crew Minerals ASA

Hans Christian Qvist

President & CEO

[Hoff@]

CRU: Private Placement Closes

 

Corporate news announcement processed and transmitted by Hugin ASA.

The issuer is solely responsible for the content of this

announcement.

----------------------------------------------------------------------

--------------

 

 

 

 

LONDON, United Kingdom: Crew Gold Corporation ("Crew" or "the

Company") (TSX: CRU) (OSE: CRU) (Frankfurt: KNC) (OTC-BB-Other;

CRUGF.PK) today announced:-

 

Private Placement Closes

 

Reference is made to Crew's press release of September 13, 2007

regarding the receipt of subscriptions in a private placement of

common shares. Crew is pleased to report that on September 21, 2007,

the company received payment for, and issued 41,922,487 new common

shares (the "New Shares") at NOK 9.00 per share (approximately

CDN$1.64). The New Shares were issued to Crew's advisors and

placement agents for the private placement, ABG Sundal Collier ASA

and Pareto Securities ASA, for redelivery to Umoe Invest AS under the

stock-lending agreement entered into between the advisors and Umoe

Invest AS.

 

The New Shares may not be sold, transferred, hypothecated or

otherwise traded on or through the facilities of the Toronto Stock

Exchange or otherwise in Canada or to or for the benefit of a

Canadian resident for a period of 4 months and 1 day from the issue

date. As a consequence, the New Shares will not be registered for

trading until the end of this hold period. After the lapse of the 4

months and 1 day period, the New Shares will be registered in the

Norwegian Centralized Securities register (VPS) and with the Canadian

Depository for Securities Limited and will be admitted to trading on

the Oslo Stock Exchange and the Toronto Stock Exchange.

 

THIS IS NOT AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY,

ANY SECURITIES. THE DISTRIBUTION OF THIS PRESS RELEASE AND THE OFFER

AND SALE OF THE SECURITIES IN CERTAIN JURISDICTIONS MAY BE RESTRICTED

BY LAW. ANY PERSONS READING THIS PRESS RELEASE SHOULD INFORM

THEMSELVES OF AND OBSERVE ANY SUCH RESTRICTIONS.

 

THIS IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. NO

SECURITIES HAVE BEEN REGISTERED UNDER THE U.S SECURITIES ACT TO BE

OFFERED FOR SALE IN THE UNITED STATES. SECURITIES MAY NOT BE OFFERED

FOR SALE IN THE UNITED STATES ABSENT REGISTRATION UNDER THE U.S.

SECURITIES ACT OR AN EXEMPTION FROM REGISTRATION. ANY PUBLIC OFFERING

OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS

OF A PROSPECTUS.

 

Jan A Vestrum

President & CEO

[Bartender]

Ny presentasjon:

 

 

denver_gold_250907.pdf

[Bartender]

Shareholder Structure

Updated: 28 September 2007

 

Ranking Holding Percentage Name Country of residence Citizenship/Country of reg. Type of account

1 62,735,025 15.57781 GOLDMAN SACHS INT. - GBR GBR Nominee

2 23,221,513 5.76616 UMOE INVEST AS NOR NOR Ordinary

3 18,430,000 4.57637 ABG SUNDAL COLLIER N NOR NOR Ordinary

4 15,761,240 3.91369 GOLDMAN SACHS & CO - USA USA Nominee

5 9,843,181 2.44417 UBS AG, LONDON BRANC GBR GBR Nominee

6 7,028,780 1.74532 CITIBANK, N.A. GBR GBR Nominee

7 6,950,500 1.72589 AGRA AS NOR NOR Ordinary

8 5,546,172 1.37718 MONS HOLDING AS NOR NOR Ordinary

9 5,402,263 1.34144 VITAL FORSIKRING ASA NOR NOR Ordinary

10 5,271,572 1.30899 VERDIPAPIRFOND ODIN NOR NOR Ordinary

11 4,790,000 1.18941 JPMORGAN CHASE BANK GBR GBR Ordinary

12 4,657,500 1.15651 SEB PRIVATE BANK S.A LUX LUX Nominee

13 4,555,680 1.13123 J.P. MORGAN BANK LUX LUX LUX Nominee

14 4,495,800 1.11636 VERDIPAPIRFOND ODIN NOR NOR Ordinary

15 4,090,000 1.01559 VERDIPAPIRFONDET KLP NOR NOR Ordinary

16 4,000,000 0.99324 VOLDBERG TORE AKSEL NOR NOR Ordinary

17 3,778,000 0.93812 NORDEA BANK NORGE AS NOR NOR Ordinary

18 3,767,500 0.93551 DANSKE BANK A/S DNK LUX Nominee

19 3,355,324 0.83316 DEUTSCHE BANK AG LON GBR GBR Ordinary

20 3,250,157 0.80705 SKAGEN VEKST NOR NOR Ordinary

21 3,183,733 0.79056 HANDELSBANKEN MARKET NOR NOR Ordinary

22 3,027,963 0.75188 STATE STREET BANK AN USA USA Nominee

23 2,965,000 0.73624 DNB NOR SMB VPF NOR NOR Ordinary

24 2,727,366 0.67724 MUSLIK AS NOR NOR Ordinary

25 2,689,943 0.66794 DNB NOR NORGE (IV) V NOR NOR Ordinary

26 2,645,128 0.65681 CREDIT SUISSE SECURI GBR GBR Nominee

27 2,505,000 0.62202 BANK OF NEW YORK, BR BEL GBR Ordinary

28 2,399,000 0.5957 GLITNIR BANKI HF NOR ISL Nominee

29 2,389,000 0.59322 NORDEA BANK PLC FINL FIN FIN Ordinary

30 2,297,738 0.57055 STIFTELSEN STATOILS NOR NOR Ordinary

31 2,249,000 0.55845 LANDSBANKI ISLANDS H NOR ISL Broker

32 2,089,625 0.51888 SKANDINAVISKA ENSKIL SWE SWE Nominee

33 2,050,000 0.50904 HAUGEN JAKOB NOR NOR Ordinary

34 2,035,733 0.5055 DANSKE BANK A/S DNK DNK Nominee

35 1,886,720 0.46849 JPMORGAN CHASE BANK GBR IRL Ordinary

36 1,876,942 0.46607 VERDIPAPIRFONDET NOR NOR NOR Ordinary

37 1,803,000 0.4477 GAMBAK VPF NOR NOR Ordinary

38 1,737,981 0.43156 VERDIPAPIRFONDET NOR NOR NOR Ordinary

39 1,713,600 0.42551 BANK OF NEW YORK, BR BEL GBR Ordinary

40 1,535,671 0.38132 BEAR STEARNS SECURIT USA USA Nominee

41 1,474,000 0.36601 JPMORGAN CHASE BANK GBR DEU Nominee

42 1,411,250 0.35043 FIKSDAL ROAR NOR NOR Ordinary

43 1,400,000 0.34764 SKANDINAVISKA ENSKIL SWE FIN Nominee

44 1,355,500 0.33659 HOLBERG NORGE NOR NOR Ordinary

45 1,351,891 0.33569 STATOIL FORSIKRING A NOR NOR Ordinary

46 1,338,072 0.33226 PETERSEN JON STEEN GBR DNK Ordinary

47 1,293,000 0.32107 HEKTOR AS NOR NOR Ordinary

48 1,266,395 0.31446 STOREBRAND LIVSFORSI NOR NOR Ordinary

49 1,264,769 0.31406 CHEYNE GLOBAL CATALY GBR CYM Ordinary

50 1,256,000 0.31188 VERDIPAPIRFONDET NOR NOR NOR Ordinary

[Bartender]

Published: 08:21 05.10.2007 GMT+2 /HUGIN /Source: Crew Gold Corporation /OSE: CRU /ISIN: CA2265301036

 

Group Update

 

 

LONDON, United Kingdom: Crew Gold Corporation ("Crew" or "the Company") (TSX: CRU) (OSE: CRU) (Frankfurt: KNC) (OTC-BB-Other; CRUGF.PK) today announced:-

 

Crew Gold Corporation provides the following update on group operations for the third quarter just ended:

 

* LEFA upgrade and rectification program progresses according to plan

* LEFA Q3 production reduced due to excessive regional rainfall during the quarter

* Interim reserve and resource report to be released in Q4

 

* Maco (Masara) mine review in progress

* Maco (Masara) copper porphyry potential evaluation to be fast tracked. Ongoing discussion with possible joint venture partners

 

* Nalunaq hits highest production rate ever in the month of September

* Nugget Pond Plant continues to process tonnage above name plate capacity.

 

LEFA

During the quarter production continued at LEFA while the commissioning and upgrade of the plant progressed. The ordering of new equipment was completed and there were no significant changes to the scope nor cost of the upgrade and rectification project. A total of 3.5 million litres of heavy fuel oil (HFO) were delivered to site in the early part of the quarter in anticipation of the completion of the conversion of the power plant from diesel to HFO. The impact of the conversion should result in a reduction in the cost of power generation and an effective expansion of the fuel storage capability at site as the bulk of the diesel will then be required only for the open pit mining fleet mobile equipment. Technicians arrived on site at the end of September and the conversion is expected to be completed during the fourth quarter.

 

Q3 is the rainy season in West Africa. This year, as reported extensively in the media, the rain fall has been the most severe recorded in many years for the region. This has had an extensive impact on the local, unsealed roads. The delivery of consumables, diesel in particular, has been hampered due to flooding and poor road conditions between Conakry and the mine. In the last week of September, mine operations were curtailed to ensure sufficient quantities of fuel were available to maintain essential services. On Thursday the 4th of October the first 13 of 43 fuel tankers on route to LEFA arrived at site. There are still some segments of the road that are in extremely poor condition, but consistent fuel supply is returning to normal as the rivers subside and the roads are repaired. Normal mine and plant operations are expected to resume over the next two days and production is expected to improve and continue building up as the pits dry out.

 

The weather has not had any significant impact on the upgrade and rectification project. Scheduled maintenance is being performed during the slowdown in operations, as is preparation for the installation of the new equipment. The new equipment is scheduled to arrive starting in late November, as delivery issues during the rainy season were anticipated. There are no delays anticipated in delivery at this time. Moving forward into 2008, the ability to operate the power plant with HFO will effectively double the fuel storage capacity of the site. This together with a build up of the fresh ore stock pile before the 2008 wet season and onwards should assist in minimizing the impact of any future extended rainy seasons.

 

In our last report we anticipated issuing an interim reserve and resource report prior to the end of Q3. The weather situation has caused longer lead time on most services in the region and we have just received final assay results. Calculations are now being done and the resource and reserve update will be released later this quarter.

 

Maco

Masara Mine in the Philippines has been renamed Maco Mine to recognize the entire municipality where the mining occurs rather than one particular village near the mine.

 

As discussed in our last update on August 14, 2007 the 500 tonne per day pilot plant has continued to operate on development ore as the number of faces for production increases and mine development expands. The technical review of the mill expansion continued throughout the quarter. The design of the expansion of the tailings management facility was completed and tenders for its construction were received. The expanded tailings facility will be constructed in two phases to reduce the immediate impact on cash flow and the first phase of the facility will allow for production into late 2008. As of this date contracts have not been awarded.

 

Tests through the pilot plant are being carried out to determine the preferred treatment process for the different grades of ore. The mine plan is undergoing a complete review which will determine the final capacity of the expansion project.

 

Staff training has been a major focus of the past quarter. Due to the limited availability of qualified mining personnel in the area, expatriate staff has been engaged in the planning of the training programs in mining and equipment maintenance. An expatriate training manager has been appointed and training programs have commenced.

 

A new General Manager was recruited during the quarter and started at the beginning of September. Mr. Fernando (Ferdie) Agustin was previously employed by Philex Mining Corporation, the largest Philippine-owned mining company in the country, and has over 20 years of mine site operations and management experience. Ferdie has taken on the role of VP Operations and Resident Manager and is stationed at the mine site. In addition, a new corporate administrative manager has been recruited. Mr. Deo Contreras Jr. also comes from Philex and has over 40 years of experience in the industry. Deo is based in Manila and has the role of EVP and General Counsel.

 

The company has for some time been evaluating the copper-gold porphyry potential on the Maco property. After having been approached by a number of companies we have now commenced discussions with a limited number of major international mining companies relating to exploration and development of the copper-gold porphyry systems existing on the concession.

 

Nalunaq/Nugget Pond

Nalunaq mine performance has continued to improve with the average daily production for the month of September reaching 510 tonnes per day. This exceeds, for the first time, the target of 500 tonnes per day for an entire month. Shipping of ore to Nugget Pond continued throughout the quarter as planned. Throughput at Nugget Pond continued at between 450 and 500 tonnes per day. The production results of the combined operations were above expectations for the quarter.

 

Q3 results including the detailed financial statements and Management's Discussion and Analysis will be released during the week of November 12th, 2007.

 

Jan Vestrum states:

"The execution of the LEFA upgrade and rectification is proceeding according to previously announced plans. All required components have been ordered and are currently anticipated to be delivered on schedule. Management continues to focus on LEFA and the development of increased reserves and resources.

 

We believe that the completion of the upgrade and rectification at LEFA combined with the improved performance of Nalunaq and the potential at Maco will give Crew a strong base for future growth"

 

Jan A Vestrum

President & CEO

[Bartender]

Rykter svirrer rundt Crew Gold

 

Ryktene skal ha det til at Jens Ulltveit-Moe øker raskt i Crew Gold. Crew-sjef Jan Vestrum mener det er ekstremt positivt at investoren kjøper seg opp i selskapet.

 

 

Artikkel av: Øystein Byberg (8.10.07 05:49)

 

Jens Ulltveit-Moe nærmer seg flaggegrensen i Crew Gold, skriver Finansavisen. I meglermiljøene går ryktene om at Ulltveit-Moe nå øker beholdningen raskt i selskapet. Investoren sier selv at han eier oppunder 20 prosent av Crew.

På spørsmål om han har planer om å ta en aktiv rolle i selskapet, svarer Ulltveit-Moe:

 

Ifølge avisen tyder mye på at Ulltveit-Moe vil være en aktiv eier Crew Gold.

 

- Dersom han flagger på 20 prosent vil i hvert fall det være et klart signal til markedet, sier en megler.

 

Analytiker Martin Mølsæter i First Securities er ukjent med at Ulltveit-Moe har tatt et solid jafs av aksjene i selskapet, og at han nærmer seg 20 prosent.

 

- Men hvis det er slik så vil han nok inn i styret. Det tror jeg nok, sier analytikeren.

 

Crew-sjef Jan Vestrum er glad over Ulltveit-Moes inntog i Crew Gold. Han ønsker investoren velkommen i styret.

 

- Vi oppfatter dette som særdeles positivt. Vi har hatt en lang dialog med Ulltveit-Moe-systemet, og etter hvert som de har fått større kunnskap om oss, har de kjøpt seg gradvis opp, iser Vestrum til Finansavisen.

 

- Vi vil være ekstremt positive til å få Ulltveit-Moe inn i styret vårt, sier han.

[Bartender]

Shareholder Structure

Updated: 08 October 2007

 

Ranking Holding Percentage Name Country of residence Citizenship/Country of reg. Type of account

1 62,325,925 15.45664 GOLDMAN SACHS INT. - GBR GBR Nominee

2 23,221,513 5.75886 UMOE INVEST AS NOR NOR Ordinary

3 17,930,683 4.44675 ABG SUNDAL COLLIER N NOR NOR Ordinary

4 15,761,240 3.90874 GOLDMAN SACHS & CO - USA USA Nominee

5 9,588,500 2.37792 UBS AG, LONDON BRANC GBR GBR Nominee

6 7,028,780 1.74312 CITIBANK, N.A. GBR GBR Nominee

7 6,950,500 1.7237 AGRA AS NOR NOR Ordinary

8 6,319,172 1.56714 MONS HOLDING AS NOR NOR Ordinary

9 5,402,263 1.33974 VITAL FORSIKRING ASA NOR NOR Ordinary

10 5,271,572 1.30733 VERDIPAPIRFOND ODIN NOR NOR Ordinary

11 5,250,000 1.30198 VOLDBERG TORE AKSEL NOR NOR Ordinary

12 4,647,500 1.15257 SEB PRIVATE BANK S.A LUX LUX Nominee

13 4,555,680 1.12979 J.P. MORGAN BANK LUX LUX LUX Nominee

14 4,495,800 1.11494 VERDIPAPIRFOND ODIN NOR NOR Ordinary

15 4,090,000 1.01431 VERDIPAPIRFONDET KLP NOR NOR Ordinary

16 3,554,000 0.88138 NORDEA BANK NORGE AS NOR NOR Ordinary

17 3,545,128 0.87918 CREDIT SUISSE SECURI GBR GBR Nominee

18 3,250,157 0.80603 SKAGEN VEKST NOR NOR Ordinary

19 3,183,733 0.78956 HANDELSBANKEN MARKET NOR NOR Ordinary

20 3,027,963 0.75093 STATE STREET BANK AN USA USA Nominee

21 2,965,000 0.73531 DNB NOR SMB VPF NOR NOR Ordinary

22 2,727,366 0.67638 MUSLIK AS NOR NOR Ordinary

23 2,689,943 0.6671 DNB NOR NORGE (IV) V NOR NOR Ordinary

24 2,505,000 0.62123 BANK OF NEW YORK, BR BEL GBR Ordinary

25 2,399,000 0.59494 GLITNIR BANKI HF NOR ISL Nominee

26 2,389,000 0.59246 NORDEA BANK PLC FINL FIN FIN Ordinary

27 2,305,969 0.57187 STIFTELSEN STATOILS NOR NOR Ordinary

28 2,245,000 0.55675 DANSKE BANK A/S DNK LUX Nominee

29 2,219,000 0.55031 LANDSBANKI ISLANDS H NOR ISL Broker

30 2,089,625 0.51822 SKANDINAVISKA ENSKIL SWE SWE Nominee

31 2,050,000 0.50839 HAUGEN JAKOB NOR NOR Ordinary

32 1,913,733 0.4746 DANSKE BANK A/S DNK DNK Nominee

33 1,886,720 0.4679 JPMORGAN CHASE BANK GBR IRL Ordinary

34 1,876,942 0.46548 VERDIPAPIRFONDET NOR NOR NOR Ordinary

35 1,804,769 0.44758 CHEYNE GLOBAL CATALY GBR CYM Ordinary

36 1,737,981 0.43101 VERDIPAPIRFONDET NOR NOR NOR Ordinary

37 1,713,600 0.42497 BANK OF NEW YORK, BR BEL GBR Ordinary

38 1,617,000 0.40101 GAMBAK VPF NOR NOR Ordinary

39 1,535,671 0.38084 BEAR STEARNS SECURIT USA USA Nominee

40 1,500,000 0.372 TANJA A/S NOR NOR Ordinary

41 1,474,000 0.36555 JPMORGAN CHASE BANK GBR DEU Nominee

42 1,411,250 0.34999 FIKSDAL ROAR NOR NOR Ordinary

43 1,400,000 0.3472 SKANDINAVISKA ENSKIL SWE FIN Nominee

44 1,355,500 0.33616 HOLBERG NORGE NOR NOR Ordinary

45 1,343,634 0.33322 STATOIL FORSIKRING A NOR NOR Ordinary

46 1,338,072 0.33184 PETERSEN JON STEEN GBR DNK Ordinary

47 1,293,000 0.32066 HEKTOR AS NOR NOR Ordinary

48 1,266,395 0.31406 STOREBRAND LIVSFORSI NOR NOR Ordinary

49 1,256,000 0.31148 VERDIPAPIRFONDET NOR NOR NOR Ordinary

50 1,250,000 0.31 MAYLAND INVEST AS NOR GBR

[Bartender]

Notification of Trade

 

 

On October 8th, 2007, Jan A Vestrum, President and

Chief Executive Officer of Crew rolled a new

forward contract for 3.5 million shares in Crew at

NOK 12.02, with a maturity January 9th, 2008.

 

Mr Vestrum`s total exposure is 8,911,364 Crew

shares, including common shares, convertible

bonds, forward contracts and options.

 

Jan A Vestrum

President & CEO

[Bartender]

I dagens morgenrapport fra Orion Securities omtales følgende aksjer som dagens case:

 

Crew Gold (10,15) – sterk gullpris skaper oppside. En svak dollar har bidratt til et rally i gullprisen og gullaksjer de siste månedene. I forhold til begge har Crew et solid opphentingspotensial. Crew fremstår også som billig etter sommerens kursmassakre.