AXG - Antipodes Gold [formerly GEL - Glass Earth]

[Cannibal]

Wow - this has been tracking at 8 - 8.5 cents for the last while - down to 6 cents now.
Any ideas?

[elZorro]

Nothing has changed in the last few weeks as far as I'm aware, except GEL is a lot closer to earning an income from gold recovery. The TSX market still values GEL at 5.5c CDN, about 7cNZD, and they almost always lag behind NZ.

I think the small NZ market lacks direction on GEL at the moment, and this could easily be sorted out with a press release or website update on the alluvial/placer recovery results from various sites. Just an idea Andrew...

Also note that a total of 10 placees (most of the money connected with GEL in some way) fronted up with the latest placement, and in a year or two the option (warrant) to buy GEL shares for 10c CDN might be a dream for the rest of us.

I posted this up so we could all see how these deals are done. Maybe next time some of us will be keen on getting involved.