AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

They say that the first 5 years of any business operation is the testing ground. Those that are still operating after that time, have better chances of success.

Glass Earth Gold was first established in 2002, and the capital raising's public stage was in September 2006 (the IPO).

Here's an article by NZPAM, 2004. http://www.nzpam.govt.nz/cms/news/20...-07.1800011830

So in just 10 years, Glass Earth has gone from an idea, to a listed company with international links and strong cornerstone shareholders (ACC, Loudon etc), with two or more large to internationally significant gold deposits being proved up, and is a useful NZ employer and funder in the greenfields and alluvial/placer area. Next on the list, a solid cash balance in the bank from gold sales.

And I would say that this move can't come too soon. Glass Earth will be one of the few gold explorers with a good cashflow that doesn't require the issuing of shares. They will stack up really well against other juniors, and investors are already looking hard to see which, if any, they will hold. Have a look at this video.

http://www.ino.com/blog/2012/05/rick...source-sector/