CRU - Crew Gold Corporation

[Bartender]

Klippet fra HO:

 

Crew Gold Corporation meldte i dag at selskapet øker sine reserver i Lefa-gruven iGuinea i Vest-Afrika med 14 prosent til 3,87 millioner unser. Dette skjer etter boring på Firifirini-feltet. Dessuten er det foretatt en gjennomgang av depotene Lero-Karta, Kankarta og Fayalala.

 

Reservene har økt med 490.000 unser.

 

Crew-aksjen stiger 3,5 prosent til 10,15 kroner

 

 

 

Lefa Oppgradering

[Bartender]

En økning i reserver på 490.000 unser med en gullpris på 766,4 USD gir en verdiøkning på reservene på 375.536.000 UDS eller med en NOKUSD kurs på 5,41 : 2.031.649.760 kr. *** Over 2 mrd***

 

Noe som igjen øker verdien pr. aksje på 4,38 (464 200 000 aksjer totalt)

 

Hva er det jeg ikke forstår i dette regnestykket ??? Hvor ligger feilen siden aksjen bare så vidt rører seg etter denne kanon-nyheten ??

 

Enda en anbefaling, denne gang fra Orion:

 

dagens morgenrapport fra Orion Securities omtales følgende selskap som dagens case:

 

• Crew Gold (9,81) – sterk gullpris skaper oppside. En svak dollar og lavere renter har gitt støtet til et rally i gullprisen og gullaksjer de siste månedene. Kostnadsoverskridelser og utsettelser har imidlertid ført til en kursmassakre i Crew Gold i sommer. Vi formoder imidlertid at den negative nyhetsstrømmen nå ligger bak oss, og i så fall kan fokuset snart forflytte seg mot de gunstige makroforholdene.

[Bartender]

Press Release - 1st November 2007

 

LONDON, United Kingdom: Crew Gold Corporation

(`Crew` or `the Company`) (TSX: CRU) (OSE: CRU)

(Frankfurt: KNC) (OTC-BB-Other; CRUGF.PK) today

announced:-

 

Crew is pleased to advise that it has concluded an

agreement with NunaMinerals A/S (Nuna) to purchase

Nuna`s 17.5% interest in the Nalunaq Gold Mine.

Consideration includes approximately CAD $2.5

million for the shares plus repayment of all loans

between Nuna and Nalunaq Gold Mine of

approximately CAD $2.2 million. In addition, Nuna

will be entitled to a 1.5% NSR royalty on

production in excess of 992,000 ounces

cumulatively. Approximately 195,000 ounces have

been produced to date. The transaction is

expected to be concluded on or before November 15,

2007. On completion, Crew will hold 100% of the

equity in the Nalunaq Gold Mine.

 

Crew operates the Nalunaq Gold Mine located in

southern Greenland. The mine has been operational

since February 2004 and has produced approximately

195,000 ounces of gold at an average head grade of

16.3g/t Au. In October 2006, Crew purchased the

Nugget Pond processing facility in Newfoundland,

Canada to process ore from Nalunaq. Current

production from Nalunaq is 80,000 to 90,000

ounces. In Q2 2007 Nalunaq Gold Mine produced

21,697 ounces.

 

Jan Vestrum, Crew President and CEO commented, `I

am pleased to announce the successful conclusion

of negotiations with NunaMinerals. This

transaction enables Nalunaq and Nugget Pond to be

operated with maximum synergies and provides

longer term benefits to Nalunaq and Greenland.

With a strong present gold price and positive

outlook for gold we believe this is an excellent

transaction for Crew Gold.`

 

Jan A Vestrum

President & CEO

[dunlop]

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

 

Finnes det noen oppdatert analyse her.

Kursmål 14 virker jo som en relativt stor oppside fra dagens kurs.

[Bartender]

Finnes det noen oppdatert analyse her.

Kursmål 14 virker jo som en relativt stor oppside fra dagens kurs.

 

Siste fra Pareto, som når sant skal sies er fra før emisjonen, har kursmål 4 USD og Strong Buy. Men, hva hjelper det når større aktører kaster millionposter ut på "Best"

 

Siden Pareto var med og tilrettela emisjonen, har de vel ikke lov å komme med oppdateringer i en viss tid etterpå - er det 45 dager ?? Noen som vet ??

 

Om det er 45 dager, er det vel like før ny oppdatering kommer. Det skal bli spennende lesning.

[Bartender]

Crew Gold Corp (`Crew Gold`) has appointed First

Securities ASA (`First`) for a placement of up to

15 million shares in Crew Minerals ASA (`Crew

Minerals`) in a book building process. Net proceeds

from the share sale will be used for general

corporate purposes, to increase working capital and

to fund minor acquisitions

 

Pricing and allocations are expected to be

announced as soon as practical following the

closing of the book. The book will close at 22:00

CET November 1st. 2007 The book is open to

professional Norwegian and international investors.

The Manager may reduce or reject purchase orders at

their own discretion. Crew Gold currently controls

29.9 million including a forward contract of 4.5

million shares in Crew Minerals representing

approximately 32.6%of the total issued share

capital.

[Bartender]

Crew Gold Corporation (`Crew Gold`) yesterday

announced the appointment of First Securities ASA

(`First`) for a placement of up to 15 million

shares in Crew Minerals ASA (`Crew Minerals`) in a

book-building process. Net proceeds from the share

sale will be used for general corporate purposes,

to increase working capital and to fund minor

acquisitions.

 

The book closed at 22:00 CET November 1st, 2007.

The book was open to professional Norwegian and

international investors. A total of 15,000,000

Crew Minerals shares were placed at NOK 12.00 per

share. The Manager has retained the right to

reduce or reject purchase orders at their own

discretion. Prior to the placement, Crew Gold held

29.9 million shares including a forward contract

of 4.5 million shares in Crew Minerals

representing 32.5% of the total issued share

capital and after the placement holds

approximately 16.3% of the outstanding shares.

 

Jan A Vestrum

President & CEO

[Bartender]

1 56,739,586 14.07887 GOLDMAN SACHS INT. - GBR GBR Nominee

2 23,221,513 5.76199 UMOE INVEST AS NOR NOR Ordinary

3 18,430,000 4.57306 ABG SUNDAL COLLIER N NOR NOR Ordinary

4 17,953,000 apr.47 UBS AG, LONDON BRANC GBR GBR Nominee

5 15,539,440 3.85582 GOLDMAN SACHS & CO - USA USA Nominee

6 7,028,780 1.74406 CITIBANK, N.A. GBR GBR Nominee

7 6,950,500 1.72464 AGRA AS NOR NOR Ordinary

8 6,729,000 1.66968 VOLDBERG TORE AKSEL NOR NOR Ordinary

9 6,319,172 1.56799 MONS HOLDING AS NOR NOR Ordinary

10 5,712,182 1.41737 VITAL FORSIKRING ASA NOR NOR Ordinary

11 5,271,572 1.30804 VERDIPAPIRFOND ODIN NOR NOR Ordinary

12 4,647,500 1.15319 SEB PRIVATE BANK S.A LUX LUX Nominee

13 4,555,680 1.13041 J.P. MORGAN BANK LUX LUX LUX Nominee

14 4,501,200 1.11689 VERDIPAPIRFOND ODIN NOR NOR Ordinary

15 4,090,000 1.01486 VERDIPAPIRFONDET KLP NOR NOR Ordinary

16 3,774,000 0.93645 NORDEA BANK NORGE AS NOR NOR Ordinary

17 3,563,778 0.88429 CREDIT SUISSE SECURI GBR GBR Nominee

18 3,384,033 0.83968 HANDELSBANKEN MARKET NOR NOR Ordinary

19 3,266,157 0.81044 SKAGEN VEKST NOR NOR Ordinary

20 3,195,463 0.79289 STATE STREET BANK AN USA USA Nominee

21 3,087,000 0.76598 DNB NOR SMB VPF NOR NOR Ordinary

22 3,054,000 0.75779 LANDSBANKI ISLANDS H NOR ISL Broker

23 3,000,000 0.74439 DEUTSCHE BANK AG LON GBR GBR Ordinary

24 2,979,081 0.7392 DNB NOR NORGE (IV) V NOR NOR Ordinary

25 2,727,366 0.67675 MUSLIK AS NOR NOR Ordinary

26 2,649,000 0.6573 GLITNIR BANKI HF NOR ISL Nominee

27 2,505,000 0.62157 BANK OF NEW YORK, BR BEL GBR Ordinary

28 2,396,400 0.59462 NORDEA BANK PLC FINL FIN FIN Ordinary

29 2,384,769 0.59174 CHEYNE GLOBAL CATALY GBR CYM Ordinary

30 2,314,969 0.57442 STIFTELSEN STATOILS NOR NOR Ordinary

31 2,203,000 0.54663 CREDIT SUISSE SECURI GBR GBR Nominee

32 2,089,625 0.5185 SKANDINAVISKA ENSKIL SWE SWE Nominee

33 2,050,000 0.50867 HAUGEN JAKOB NOR NOR Ordinary

34 2,000,000 0.49626 MYKLEBUST OLAV NOR NOR Ordinary

35 1,886,720 0.46815 JPMORGAN CHASE BANK GBR IRL Ordinary

36 1,876,942 0.46573 VERDIPAPIRFONDET NOR NOR NOR Ordinary

37 1,850,133 0.45908 DANSKE BANK A/S DNK DNK Nominee

38 1,722,000 0.42728 CITIGROUP GLOBAL MAR GBR GBR Nominee

39 1,713,600 0.4252 BANK OF NEW YORK, BR BEL GBR Ordinary

40 1,595,600 0.39592 BEAR STEARNS SECURIT USA USA Nominee

41 1,511,000 0.37493 DNB NOR MARKETS, AKS NOR NOR Ordinary

42 1,500,000 0.3722 TANJA A/S NOR NOR Ordinary

43 1,487,981 0.36921 VERDIPAPIRFONDET NOR NOR NOR Ordinary

44 1,474,000 0.36575 JPMORGAN CHASE BANK GBR DEU Nominee

45 1,411,250 0.35018 FIKSDAL ROAR NOR NOR Ordinary

46 1,400,000 0.34738 SKANDINAVISKA ENSKIL SWE FIN Nominee

47 1,355,500 0.33634 HOLBERG NORGE NOR NOR Ordinary

48 1,343,634 0.3334 STATOIL FORSIKRING A NOR NOR Ordinary

49 1,338,072 0.33202 PETERSEN JON STEEN DNK DNK Ordinary

50 1,293,000 0.32083 HEKTOR AS NOR NOR Ordinary

[Bartender]

Grei link for dem som vil vite hvem som kjøpte seg opp ved emisjonen i September. Jeg kan ikke gå god for at denne er korrekt da jeg har funnet den på nettet:

 

Aksjonærliste

 

Slik jeg leser det ut fra denne vps utskriften, tok Goldman ca 11 mill aksjer i emisjonen.

 

Fra 8. Oktober oversikten fram til i dag har Goldman solgt ca 5,5mill.

[Bartender]

Published: 08:18 14.11.2007 GMT+1 /HUGIN /Source: Crew Gold Corporation /OSE: CRU /ISIN: CA2265301036

 

Q3 Financial Results for the Quarter and Nine Months Ended September 30, 2007

 

 

DATE: 14 November, 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 Nine Months Ended September 30, 2007

 

LONDON, United Kingdom, November 14, 2007 - Crew Gold Corporation ("Crew" or "the Company") (TSE & OSE: CRU; Frankfurt: KNC; OTC-BB-OTHER: CRUGF.PK)

HIGHLIGHTS

Overview

§ Quarterly production increased 6.5% to 51,438 ounces ("oz") (Q2 - 48,365 oz, Q1 - 12,912 oz)

§ Completed an equity placement of 41,922,487 common shares raising $ 65.0 million

§ Post quarter end, announced the acquisition of the remaining 17.5 % of Nalunaq Gold Mine

§ Post quarter end, announced the sale of 15 million Crew Minerals ASA ("CMASA") shares raising $32.9 million, net of transaction costs

Results

§ EBITDA of negative $4.8 million (quarter ended Sept 30, 2006 - $4.6 million)

§ Net loss of $51.3 million / 12 cents per share (quarter ended Sept 30, 2006 - net profit of $1.6 million) primarily due to non cash foreign exchange losses on translation of NOK denominated debt

LEFA

- 29,056 oz produced in the quarter (Q2 2007 - 24,412 oz, Q1 2007 - 10,637 oz). This represents a 19% increase over Q2 in spite of the impact of heavy rains

- Upgrade and rectification program progressing according to plan

- Completed ordering new equipment for plant rectification

- Mid-year reserves increased by 0.49 million oz to 3.87 million oz (14% increase) and included a new reserve at Firifirini of 0.23 million oz

 

Maco (formerly called Masara)

- Appointed new Resident Manager

- Phase 1 pilot plant at Maco operating on development ore

- Infrastructure development and ore development progressing,

- Commenced construction of new tailings facility

- Continued focus on adding further tenements around the existing mining operations and consolidating a larger long term gold and copper porphyry potential

- Commenced discussions with a potential partner for the assessment of the copper porphyry resource

- Expect technical review of the mill expansion and mine plan to be complete by the end of Q4 2007

Nalunaq Gold Mine and Nugget Pond Processing Facility

- Quarterly production of 20,287 oz (Q2 2007 - 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 tonnes per day ("tpd"), with September performance averaging 510 tpd

Outlook

- Continued production growth over the next 6 quarters

- Investment in resource and reserve expansion to continue with annual reserve and resource updates expected to be released during Q1, 2008.

- Completion of capacity increase and production ramp up at LEFA anticipated by the end of Q2 2008

- Continued focus on securing new strategic land claims

 

OVERVIEW

 

Crew is an international mining company focused on identifying, acquiring and developing gold resource projects worldwide.

 

Our 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 oz per year in the near term increasing ultimately to +700,000 oz.

 

Annualised production rates anticipated to be achieved following successful commissioning based on current resource definitions are:

LEFA: 380,000 - 420,000 oz

Maco: 85,000 - 180,000 oz

Nalunaq: 80,000 - 100,000 oz

 

For full results, please see attached pdf file.

 

PDF.FILE

 

Jan A Vestrum

President and CEO

[Bartender]

Funds managed by Pendragon Capital LLP purchased

shares in Crew Gold Corporation on 20 November

2007.

Following the purchase, Pendragon Capital LLP

controls 23,582,417 ordinary shares representing

5.07% in the Company, based on 464,947,362 number

of shares outstanding.

Pendragon Capital LLP also owns rights to

45,818,182 number of shares of Crew Gold

Corporation through Crew Gold Convertible 6% 01-

Dec-2010 exerciseable during the term of the loan,

representing 9.85% of the ordinary shares

outstanding (based on 464,947,362 shares

outsanding), which if exercised would result in

Pendragon Capital LLP controlling 13.59% of the

outstanding shares (based on 464,947,362 shares

outstanding and the 45,818,182 which would result

from a conversion of the rights only by funds

managed by Pendragon Capital LLP to shares) and

11.46% on a fully diluted basis assuming that the

entire Convertible issue and any options

outstanding are converted to ordinary shares.

Pendragon Capital LLP`s total holdings are

69,400,599 (ordinary shares plus rights to shares

through the Convertible bonds) representing 14.93%

of the ordinary shares outstanding.

[Bartender]

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

1 58,353,649 14.46702 GOLDMAN SACHS INT. - GBR GBR Nominee

2 23,221,513 5.75707 UMOE INVEST AS NOR NOR Ordinary

3 19,714,500 4.88761 UBS AG, LONDON BRANC GBR GBR Nominee

4 17,430,904 4.32147 ABG SUNDAL COLLIER N NOR NOR Ordinary

5 15,340,120 3.80312 GOLDMAN SACHS & CO - USA USA Nominee

6 8,513,172 2.11058 MONS HOLDING AS NOR NOR Ordinary

7 7,350,500 1.82233 AGRA AS NOR NOR Ordinary

8 7,028,780 1.74257 CITIBANK, N.A. GBR GBR Nominee

9 5,400,000 1.33877 VERDIPAPIRFONDET KLP NOR NOR Ordinary

10 5,271,572 1.30693 VERDIPAPIRFOND ODIN NOR NOR Ordinary

11 5,093,407 1.26276 SKANDINAVISKA ENSKIL SWE SWE Nominee

12 4,947,500 1.22658 SEB PRIVATE BANK S.A LUX LUX Nominee

13 4,636,600 1.1495 VERDIPAPIRFOND ODIN NOR NOR Ordinary

14 4,555,680 1.12944 J.P. MORGAN BANK LUX LUX LUX Nominee

15 3,892,182 0.96495 VITAL FORSIKRING ASA NOR NOR Ordinary

16 3,750,000 0.9297 SKAGEN VEKST NOR NOR Ordinary

17 3,595,000 0.89127 DANSKE BANK A/S DNK LUX Nominee

18 3,383,533 0.83884 HANDELSBANKEN MARKET NOR NOR Ordinary

19 3,297,000 0.81739 NORDEA BANK NORGE AS NOR NOR Ordinary

20 3,163,678 0.78434 CREDIT SUISSE SECURI GBR GBR Nominee

21 3,087,000 0.76533 DNB NOR SMB VPF NOR NOR Ordinary

22 3,024,000 0.74971 LANDSBANKI ISLANDS H NOR ISL Broker

23 3,000,000 0.74376 DEUTSCHE BANK AG LON GBR GBR Ordinary

24 2,782,463 0.68983 STATE STREET BANK AN USA USA Nominee

25 2,727,366 0.67617 MUSLIK AS NOR NOR Ordinary

26 2,719,000 0.67409 CREDIT SUISSE SECURI GBR GBR Nominee

27 2,505,000 0.62104 BANK OF NEW YORK, BR BEL GBR Ordinary

28 2,494,969 0.61855 PENSJONSKASSEN STATO NOR NOR Ordinary

29 2,396,400 0.59412 NORDEA BANK PLC FINL FIN FIN Ordinary

30 2,384,769 0.59123 CHEYNE GLOBAL CATALY GBR CYM Ordinary

31 2,150,000 0.53303 KBC SECURITIES BEL BEL Nominee

32 2,142,873 0.53126 DNB NOR NORGE (IV) V NOR NOR Ordinary

33 2,090,000 0.51815 MYKLEBUST OLAV NOR NOR Ordinary

34 2,050,000 0.50824 HAUGEN JAKOB NOR NOR Ordinary

35 2,037,900 0.50524 DNB NOR MARKETS, AKS NOR NOR Ordinary

36 1,969,067 0.48817 DEUTSCHE BANK AG LON GBR GBR Ordinary

37 1,886,720 0.46776 JPMORGAN CHASE BANK GBR IRL Ordinary

38 1,876,942 0.46533 VERDIPAPIRFONDET NOR NOR NOR Ordinary

39 1,838,072 0.45569 PETERSEN JON STEEN DNK DNK Ordinary

40 1,835,000 0.45493 GLITNIR BANKI HF NOR ISL Nominee

41 1,713,600 0.42484 BANK OF NEW YORK, BR BEL GBR Ordinary

42 1,697,000 0.42072 BANK OF NEW YORK, BR BEL GBR Nominee

43 1,696,933 0.4207 DANSKE BANK A/S DNK DNK Nominee

44 1,550,000 0.38428 DANSKE BANK A/S DNK LUX Nominee

45 1,474,000 0.36543 JPMORGAN CHASE BANK GBR DEU Nominee

46 1,472,707 0.36511 CITIGROUP GLOBAL MAR GBR GBR Ordinary

47 1,391,250 0.34492 FIKSDAL ROAR NOR NOR Ordinary

48 1,355,500 0.33606 HOLBERG NORGE NOR NOR Ordinary

49 1,330,000 0.32973 TANJA A/S NOR NOR Ordinary

50 1,321,000 0.3275 KLP LK AKSJER NOR NOR Ordinary

[Bartender]

Published: 08:35 05.12.2007 GMT+1 /HUGIN /Source: Crew Gold Corporation /OSE: CRU /ISIN: CA2265301036

 

Lefa Project Update

 

 

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

 

Lefa Project Update

 

The Company is pleased to provide the following update on the progress of the rectification and expansion program at LEFA.

 

Highlights

First consignment of agitator shafts and motors arrived in Conakry on Sunday December 2nd

Transport to site commenced Tuesday December 4th

First consignment of agitator gearboxes to be air freighted from Brussels on December 8th

Power station generators 7 and 8 commissioned in November

Completed re-line of SAG mills 1 and 2 in November

Upgraded pumping and pipeline capacity to allow for higher throughput

Mining equipment commissioned. Mining rates for November exceeded the monthly average planned for 2008.

 

Major project completion anticipated by the end of Q1 2008

Installation of agitators, motors and gearboxes

Overhaul of the apron feeders at Fayalala and Lero Crushing Stations

Completion of HFO (Heavy Fuel Oil) conversion at the power plant

Completion of gravity circuit and gold room upgrade required to achieve new production targets

Completion of on-site assay laboratory

Completion of heavy plant workshops

Preparation for the wet season

 

Agitators, motors and gear boxes

The first consignment comprising six agitators, motors and ancillary equipment arrived in Conakry on Sunday December 2nd ahead of the project schedule. The agitators have been designed and manufactured by Afromix in South Africa. Transport of the equipment to site commenced Tuesday December 4th.

The remaining 6 units plus operational spares have been manufactured and will be sent by sea freight. This consignment is expected to arrive in Conakry in mid January. The gearboxes for the agitators have been manufactured in Brussels and the first consignment of six will be ready for airfreight to Conakry on December 8th. The second consignment, plus operating spares, will be dispatched shortly after also by airfreight.

The company will be assisted by Afromix engineers with the installation of the agitators. In total, there are 12 agitators to install and expected completion is around the end of Q1, 2008.

Power plant

The power plant is currently running on diesel oil and will be converted to operate with heavy fuel oil (HFO). This change is anticipated to reduce cash costs by an estimated 15-20 USD per ounce. Commissioning of the HFO treatment and conditioning plant is in progress and generators 7 and 8 will start operating on HFO by the end of December. The rebuilding and conversion of the remaining generators to HFO will occur progressively and is expected to be concluded by end of Q1. The conversion and re-builds are being managed by the original equipment manufacturers, Wartsilä.

Apron feeders

Together with the upgrade and rehabilitation of the agitators, motors and gearboxes in the leach and absorption tanks, an upgrade and rehabilitation of the apron feeders at both crushing stations, Lero and Fayalala, is required to achieve the desired levels of CIP plant throughput. The delivery of replacement components for the two apron feeder is being expedited, and a major overhaul of both apron feeders is planned during Q1 of 2008.

 

Mill upgrade

Major maintenance work has taken place on SAG mills 1 and 2 with both being relined during Q4 2007. In preparation for upgrade of the capacity of the CIP Plant a design review report has been undertaken by engineering consultants who confirm that the revised design capacity of the plant can be achieved with the planned modification and rectification works that are currently in progress. The intended mill upgrade has been supported by a number of modifications already made to the plant in the past 12 months such as increasing the capacity of some of the slurry pumps and pipelines.

 

Mining performance

Mining production has progressively increased with excavator production rates now in line with that forecast during the feasibility study. Total mine production (ore plus waste) for November was the best so far at 1.36 million BCM and exceeds by 20% the monthly average planned for 2008. This performance results from improved planning, equipment utilisation, the positive impact of operator training and recruitment of key mining operations personnel.

 

Wet season preparation

Another important component of the rectification and expansion program is the preparation of the site for operation during the wet season. Operating plans have been prepared for completion in the New Year prior to the onset of rains in June-July next year. These include mine dewatering and river diversions, plant spillage control and storm water drainage, road drainage and most importantly a joint government sponsored plan to upgrade the main road into site to allow logistical support during the future wet seasons.

 

Community support

The project enjoys strong local community support. Company management continues to successfully engage our employees, the local authorities and communities in the area. A recent achievement that demonstrates the success and strength of our ongoing relationships include the relocation of families living in the Camp de Base area and subsequent demolition of the dwellings located there. Exploration drill rigs will be moving into this previously occupied and under explored area this week.

Management has recently concluded negotiations with the labour union to clarify and simplify the previous pay category system without industrial dispute.

The Company is actively engaged in improving living conditions for its employees and the community. The Company has constructed schools and water bores and in November a new clinic was opened in the village of Lero. The medical program is underpinned by prevention programs in partnership with respected NGO's to improve health and promote awareness including natal care and HIV-AIDS.

Jan Vestrum President and CEO of Crew commented, "We are pleased to report the upgrade and rectification program for LEFA which the Company embarked on in May this year is progressing according to plan. The Company took a pro-active decision in May to upgrade the plant and increase capacity to better be able to meet the cost pressures that the industry is experiencing. With the construction of the LEFA CIP plant and a strong increase in reserves over the last two years from 2.3 million ounces to approximately 3.8 million ounces by mid 2007, management believes that the fundamentals are in place to return value to share holders over time."

 

Jan A Vestrum

President & CEO

[Bartender]

18.12.2007 12:16:01 - Oslo SE, News

CRU: FLAGGING

http://www.newsweb.no/index.jsp?messageId=166141

 

 

Oslo tirsdag 18.desember 2007

Umoe Invest AS har tirsdag kjøpt 20.000.000 aksjer

i Crew Gold Corp (CRU) til kurs 8,75 NOK. Aksjene

er kjøpt fra en selger. Umoe Invest AS har samme

dag callet en forward-kontrakt på 15.080.000 aksjer

i CRU.

Etter transaksjonene eier Umoe Invest AS

102.224.000 ordinære aksjer i CRU, tilsvarende

21,99% av utestående aksjer i selskapet.

 

De tilknyttede selskapene/personene Agra AS eier

fra før 7.350.500 ordinære aksjer i CRU, Dannevigen

AS eier fra tidligere 141.500 ordinære aksjer i

CRU, og Karen Helene Ulltveit-Moe eier 15.000

aksjer i CRU.

 

Umoe Gruppen eier etter tirsdagens transaksjoner

109.731.000 aksjer i CRU, tilsvarende 23,60% av

utestående aksjer.

[Bartender]

Funds managed by Pendragon Capital LLP sold shares

in Crew Gold Corporation on 18 December 2007.

 

Following the sale, Pendragon Capital LLP controls

21,288,417 ordinary shares representing 4.58% in

the Company, based on 464,947,362 shares

outstanding.

 

Pendragon Capital LLP also owns rights to

46,454,545 shares of Crew Gold Corporation through

Crew Gold Convertible 6% 01-Dec-2010 exerciseable

during the term of the loan, representing 9.99% of

the ordinary shares outstanding (based on

464,947,362 shares outstanding), which if

exercised would result in Pendragon Capital LLP

controlling 13.25% of the outstanding shares (based

on 464,947,362 shares outstanding and the

46,454,545 which would result from a conversion of

the rights only by funds managed by Pendragon

Capital LLP to shares) and 11.18% on a fully

diluted basis assuming that the entire Convertible

issue and any options outstanding are converted to

ordinary shares. Pendragon Capital LLP`s total

holdings are 67,742,962 (ordinary shares plus

rights to shares through the Convertible bonds)

representing 14.57% of the ordinary shares

outstanding.

[Bartender]

Heftig motstand på 9,10-9,15 og deretter på ca 9,50.

 

Opp eller ned ??

 

 

[Bartender]

Meget sterkt signal

CAR ser meget sterkt signal etter at Crew Gold-aksjen har brutt opp av den kortsiktige trenden.

 

Artikkel av: Thomas Erling Oksum (HegnarOnline - 04.1.08 10:35)

Meglerhuset CAR mener aksjen til Crew Gold Corporation har brutt opp av den kortsiktige trenden.

 

- Dette er et meget sterkt signal og indikerer videre positiv utvikling. Møter motstand ved ca 10.55 kr. Dette kan gi reaksjoner ned på kort sikt. Videre har aksjen motstand første ved ca 12.50 kr. RSI er noe overkjøpt, men viser god utvikling og styrker trendbildet, skriver meglerhuset i en analyse fredag.

 

Kl. 10.17 ble Crew handlet for 10,35 kroner, ned 0,48 prosent.

[Bartender]

14.01.2008 08:07:38 - Oslo SE, News

CRU: Board of Directors

http://www.newsweb.no/index.jsp?messageId=200748

 

 

Press Release - 14th January 2008

 

LONDON, United Kingdom: Crew Gold Corporation

(`Crew` or `the Company`) (TSX: CRU) (OSE: CRU)

(Frankfurt: KNC) (OTC-BB-Other; CRUGF.PK) today

announced:-

 

Board of Directors

 

Cameron Belsher, Chairman of the Board of Directors

is pleased to announce the following appointments

to the Board effective January 11th 2008.

 

Mr. Jens Ulltveit-Moe - is the CEO of Umoe AS, a

large Norwegian based conglomerate.

He holds a number of directorships in both public

and private organisations including Chairman of

Petroleum Geo Services ASA, Chairman of Kverneland

ASA and has spent most of his career in the

shipping industry. Mr. Ulltveit-Moe is past

President of NHO, the Confederation of Norwegian

Business and Industry. He has an MSc from the

Norwegian School of Economics, Bergen and an MIA

from Columbia University, New York.

Mr. Ulltveit-Moe controls, directly and indirectly,

approximately 23% of Crew.

 

Mr. Erlend Grimstad - is the Executive Vice

President of Umoe AS and head of Umoe Invest AS,

responsible for market operations and all merger

and acquisition activities. Mr. Grimstad holds a

number of corporate directorships and has held

senior positions in the Petroleum and Energy

ministry of the Norwegian government. He holds both

an undergraduate and law degree from the University

of Oslo.

 

Mr. Richard Robinson - is the Chairman of Metalor

Technologies International SA, a Swiss global group

covering all precious metals refining with

downstream fabrication and chemical products. He

was previously the Managing Director of Normandy

LaSource SAS and CEO of Gold Fields Limited in

South Africa and has extensive experience in mining

operations for gold and other minerals. Mr.

Robinson holds a BSc (Hons) from Natal University,

South Africa and an MSc from Queens University,

Canada.

 

In addition, Mr Hans Christian Qvist resigned from

the Board in November 2007 after 5 years as a Board

member, 4 of them as Chairman. He will be focussing

all his activities on his position as President and

CEO of Intex Resources ASA (formerly Crew Minerals

ASA).The board wishes to thank Hans Christian for

all of his efforts over the years.

 

Jan A Vestrum

President & CEO

[Zoonic]

FIRST om CRU idag:

 

CRU ; rekordhøy gullpris og trigger i vente

Ila de siste månende har gullprisen steget til et nytt rekordnivå på USD 899 pr unse, mens aksjekursen i Crew Gold Corp. (CRU) har hengt etter. Siden august har kursen i sammenlignbare selskaper steget ca 60%, men CRU-kursen har falt tilbake. CRU handles med en pris som impliserer 40% rabatt ift NAV.

 

Rabatten ift peers er for tiden mellom 40% og 50%, regnet på EV/EBITDA for 2008 og 2009. Tatt i betraktning at halvparten av produksjonsutstyret for LEFA-prosjektet var på plass i Guinea i desember og det faktum at det gjenværende utstyret er klart for skipning synes vi denne rabatten er urettmessig høy.

 

Vi gjentar vår sterke kjøpsanbefaling på CRU med et kursmål på NOK 14.

 

__________

[Bartender]

21.01.2008 16:15:04 - Oslo SE, News

CRU: Disclosure of large shareholdings

http://www.newsweb.no/index.jsp?messageId=201173

 

 

Pendragon (Master) Fund Ltd and CASAM Pendragon

Event Value Fund Ltd sold a combined 10,000,000

ordinary shares in Crew Gold Corporation on 21

January 2008. As a result of the sale, the number

of ordinary shares in Crew Gold Corporation held

by funds managed by Pendragon Capital LLP

(Pendragon (Master) Fund Ltd, Pendragon

(Convertibles) Fund Ltd and CASAM Pendragon Event

Value Fund) has gone below the 5% disclosure

threshold and the funds` combined holding of

ordinary shares and rights to shares has gone

below the 15% disclosure threshold.

 

Following the sale, the funds own 16,471,417

ordinary shares in Crew Gold Corporation,

representing 3.54% of the ordinary shares and

votes in the company, and rights to 48,500,000

shares through Crew Gold Convertible Bonds (6% 01-

Dec-2010) exercisable during the term of the loan,

representing 10.44% of the ordinary shares and

votes in the company on an undiluted basis (based

on a total of 464,700,000 shares outstanding)..

The funds have a combined holding of shares and

rights to shares of 64,971,417, representing

13.98% of the ordinary shares outstanding on an

undiluted basis

[Bartender]

22.01.2008 08:12:30 - Oslo SE, News

CRU: NOTIFICATION OF TRADE

http://www.newsweb.no/index.jsp?messageId=201192

 

 

LONDON, United Kingdom: Crew Gold Corporation

(`Crew` or `the Company`) (TSX: CRU) (OSE: CRU)

(Frankfurt: KNC) (OTC-BB-Other; CRUGF.PK) today

announced:-

 

Notification of Trade

 

 

On January 21st 2008, Umoe Invest AS, controlled by

Crew board member Mr Jens Ulltveit-Moe bought

10,000,000 Crew Gold shares at NOK 8.50.

 

Mr Ulltveit-Moes`s total exposure through Umoe

Invest AS and other related companies is

119,731,000 Crew shares, including common shares,

convertible bonds, forward contracts and options.

 

Jan A Vestrum

President & CEO

[Bartender]

23.01.2008 09:19:41 - Oslo SE, News

CRU: Flagging

http://www.newsweb.no/index.jsp?messageId=201294

 

 

LONDON, United Kingdom: Crew Gold Corporation

(`Crew` or `the Company`) (TSX: CRU) (OSE: CRU)

(Frankfurt: KNC) (OTC-BB-Other; CRUGF.PK) today

announced:-

 

Flagging

 

With reference to the disclosure by Umoe Invest AS

yesterday, it is specified that the total holding

of 119,731,000 shares referred to in the disclosure

represents 25.75% of the shares and votes in Crew

Gold Corporation (`CRU`).

 

Following the transaction, Umoe Invest AS owns

112,224,000 shares in CRU, representing 24.14% of

the shares and votes in the company. Umoe Invest AS

is related/consolidated with Agra AS owning

7,350,500 shares in CRU, Dannevigen AS owning

141,500 shares in CRU and Karen Helene Ulltveit-Moe

owning 15,000 shares in CRU, bringing the total

holding of Umoe Invest AS and its related parties

to 119,731,000 shares. Umoe Invest AS and its

related parties have currently no rights to acquire

additional shares in the company.`

 

Jan A Vestrum

President & CEO

[Bartender]

Tjuvlånt fra Hegnar:

 

Orion Securities’ beste investeringsideer i dag er Crew Gold og Kongsberg Automotive. I meglerhusets morgenrapport står det blant annet skrevet følgende:

 

”Gullprisen steg i går til ny syklisk topp, og med aggressive rentekutt fremover er utsiktene for metallet gode. Crew er det fremste spillet på gullprisen på Oslo Børs. Crew prises med en betydelig rabatt i forhold til sammenlignbare selskaper og har et stort opphentingspotensial i forhold til både sektoren og gullprisen.”

 

Orion Securities' seks-måneders kursmål er på 13,50 (+49%).

 

”Med en P/E på 4,6 for i år fallende til 3,1 i 2009 og en P/Sales-faktor på 0,15 fremstår Kongsberg Automotive som en av de billigste aksjene på børsen. På dagens nivå er Kongsberg Automotive en av de klareste doblingskandidatene på Oslo Børs," skriver meglerhuset videre.

 

Orion Securities' seks-måneders kursmål er på 67 (+123%).

[Bartender]

Ny presentasjon fra Crew Gold :

 

Presentasjon 01.02.2008

[Bartender]

Enda en presentasjon:

 

Presentasjon 05.02.08