Cheers EZ, dont worry I wont hold you responsible.......for my masses of future profit...one day. Bought in around same time as yankiwi, seemed like good timing. And now we wait.
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Cheers EZ, dont worry I wont hold you responsible.......for my masses of future profit...one day. Bought in around same time as yankiwi, seemed like good timing. And now we wait.
I see their website says "a reconnaissance drillhole was completed on Glass Earth's SheepWash prospect, just 4 kms south of the Macraes gold mine ... Assay results are pending."
I've been trying to get hold of a mate working at Macraes.
Spoke to him a year or so ago and he said that if any mine was South of theirs they were on to a winner. Or was that North? I was pretty pst.
I was going to say it'd be nice for the chart to look like OGC's in the last year or two - ie .22 to 1.78 ... well here's a comparison
http://www.cybersurfer.co.nz/ogc-gel.JPG
I thought that was interesting.
Try it with HGD and you get a similar result.
Significant rise in volume at the end of June/beginning of July which is always a good indicator but I also note a 60% rise/range since then too. Hope we didn't miss the boat.
Disc. avg. holding sub .07
Yep, good one, Doug's alter-ego.:)
Thanks DM, for the extra input on the Sheepwash prospect, it's all getting quite interesting. Does your graph show that (as the end points of the two shares are the same) GEL is performing like other similar explorers?
I read somewhere that Newmont are searching hard for more material to run through their plant at Waihi, so the JV there should continue to see action too.
Since there haven't been any press releases for awhile, the share volume changes we've seen might simply reflect GEL being well under the radar in the last year or so. It doesn't take much interest to have a big effect on that.
-elZorro-
I don't think we can read too much into the chart comparison except to say that OGC and HGD got beat up worse over the last year or two.
I thought this was interesting though, given that GEL is only over the valley so to speak
http://www.nzherald.co.nz/business/n...ectid=10587725
It's a dull and miserable old day here, and I was hoping to be poring over a GEL press release this weekend. In the conspicuous absence of that data, dartMonkey has my earnest attention.
Please DM, wrack your brains and try and remember what was said. Maybe a couple of beers will help..
Cheers, elZorro
The beer's not helping my memory ... :p
Although the Mrs is starting to look quite enticing ... :rolleyes:
Wouldn't listen to anything a monkey throwing darts at the Sunday paper has to say anyway ...
This might be of interest: -
http://www.crownminerals.govt.nz/cms...-central-otago
Family around there tell me that they have started work on it in the last few weeks or so.
Don't get me wrong though.
I view this as an extremely high risk play.
It was down on the tsx last night.
They have zip assets really.
Note miners comments as regards economical viability of extraction even if there is gold there.
No money coming in.
Sweet fa left in funds ...
The list goes on. Set your stops.
Fair enough dartMonkey, I agree we need to be careful. Don't use up all your supplies on my account :)
One of the problems that St Andrews Gold (Canadian cornerstone shareholder for GEL) seemed to have a couple of years ago, was that a goldmine they owned was producing all right, but at a cost way above the returns. They mothballed it and started backing out of GEL to get some funds in. St Andrews was in turn part funded by a sizable investment vehicle in Canada. Some of those people are still big investors in GEL, as far as I am aware.
At the moment the TSX trading is very light (minuscule), so don't read too much into that. They're probably waiting for the press release too.
The testing at the McAdie prospect (among others) will hopefully demonstrate to interested shareholders like us, that the detection technology works, and that even with relatively inefficient extraction methods, a good return can be made by pre-selecting the areas to work.
If the 3 July article is correct, GEL has been fairly smart in looking to bring Bob Kilgour over. They don't need to buy or lease any gear for now, and if he's turned up (for just 50% of the gold recovered) then the prospects are quite good.
I did take the precaution of looking through the outside windows of their work facility in Rotorua a year or two ago, when I was over there on the weekend. It was well organised with drill samples on racks, nothing too flash on the equipment or vehicle side, and not too much being spent on the lease. It felt safe. Maybe they could organise an open day for shareholders, that would be a buzz.
-elZorro-
Hi Yankiwi, what is the software that generates the analysis on that graph? Assume it helps you pick whether the share is being bought or sold.
BTW, I did some in-depth research myself this morning: for each of the last few press releases that GEL has made, all came out on a Wednesday or a Thursday, apart from one on a Friday ;)
Hola el Zorro
this is what Yankiwi is using
http://www.directbroking.co.nz/direc...uperchart.aspx
Hi there Yankiwi and Hola to DM,
An ideal press release would include a JPG of some extracted gold being poured (or will it be flakes?) :).
At the end of the day it's not the absolute amount recovered, but more the fact that GEL will have an income stream, they're doing the business.
Thanks for the chart info :o. I had tried supercharts but not the special features down below. The MACD option seems to be the go. I copied this explanation from a bank site.
Quote:
Simple Moving Average (5, 10, 30, 90, 120, 180 day moving average): This shows the average share price re-calculated at each day for the number of days indicated.
Bollinger Bands: Plots a line usually set to one standard deviation either side of the average (you can set this figure yourself if you prefer). Plotting share price movements against the bands will help you visually identify the degree of volatility for the share you are analysing. When you see a share trading outside the Bollinger Bands you know that volatility is high.
Stochastic Oscillators Fast: Measurements of how close a shares closing price over a given time period is to its high or low prices for the same period. Chartists view these as leading indicators of possible future changes in share price. Very broadly speaking, closing prices that are consistently near the top of the share’s price range indicate buying pressure, while closing prices that are consistently near the bottom of the share’s price range indicate selling pressure.
Relative Strength Indicator (RSI): Compares an average of the closing prices where the share was up on the previous day with the average of the closing prices where a share was down on the previous day to develop a relative strength index.
The volatility of the index will increase the shorter the period used for calculation. The default number of periods for the RSI used by the National Bank Share and Bond Trading system for the measurement is: 10.
Moving Average Convergence Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages of prices.
The default periods for the MACD used by the National Bank Share and Bond Trading system are: 26, 12 and 9.
I just found a June ODT link to an article about this, and the picture is not so bad, Miner.
http://www.odt.co.nz/news/business/6...ed-large-areas
Still no press release from GEL, but perhaps overnight or tomorrow night we'll see one, on past form.
What do the Canadian investors think of GEL? I found a thread on Stockhouse (TSX) last week, haven't had a decent look at it yet. There are pros and cons about the share of course, but also some details there about the big investors.
http://www.stockhouse.com/Bullboards...3&l=0&pd=2&r=0
the problem is with crown minerals which has a flawed system which stifles the exploration of the nz resources, turning ground over is the go allowing different thinking, exploration methods etc ..
not tying it up with one operator in a prospecting permit which are to large to properly to explore (Real Estating) is not the go,
be very careful there is better opp. in the market than ge
unless you are just purely gambling ?
No Kenbeth, I have invested in GEL since the IPO, and I really like the technology they are using. I don't think anyone has ever run the geoinformatics system through NZ before GEL. I'm sure Crown Minerals and many research scientists here, are very pleased that they have. That's why some of their previously held research data was released to GEL, so that once GEL had added to it with their data, it could help the general resource.
The point is, what is that data worth, just a few million, or a lot more?
yes i agree with you with the technology,but crown minerals should have done it themselves as for example the NSW Government’s New Frontiers $16.5 million exploration initiative. and similar programs in South Australia as well,
problem is the system not the companies
cannot blame them if they can tie the ground up..good commercial practice..