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  1. #521
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    And what a difference some effective communication makes.
    I am going to enjoy mopping up the sells as this low liquidity stock spreads the Bid:Sell gap.
    B:S ratio now 4:1, just last week it was 1:4
    May even be tempted to play both sides of this one, add to the liquidity.
    V.
    Tomorrow's trades will prove me wise or otherwise

  2. #522
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    Cheers, Vtrader.

    GEL is up strongly on the TSX at the moment (Friday), by over 10% so far. The last news release about Simon Henderson representing the company at the PDAC 2012 mining and exploration conference over the next few days in Toronto is good news for more exposure to the enthusiastic Canadian goldie market.

    http://tmx.quotemedia.com/article.ph...&qm_symbol=GEL

    It will also be an opportunity for CHFIR to get the latest news updated to their client page for GEL.

    PDAC 2012 boasts an attendance of over 22,000 over the four days, and I'd guess many of them will be big investors. GEL's current small Mcap with its massive permit holdings and potential should hold their attention. Here are some media images of the 2011 conference.

    http://www.pdac.ca/pdac/conv/2012/gen-info-media-gallery.aspx


    Here's an article by Grant Bradley, well researched, about Newmont in Waihi. It concentrates on the pressures on Newmont near the main Waihi pit. But if doing up the old Pye factory is an indication, they're keen to see their new mines through. Total spending to get to these three new deposits is over $330 million, which of course is ten times the current Mcap of GEL. No mention of WKP in the article (65% owned by Newmont for the expenditure of a few million in exploration), this might be an oversight.

    http://www.nzherald.co.nz/business/n...ectid=10789416

    Someone did note that by now, the Waihi Hill, which turned into a deep pit, was meant to be a steadily filling recreational lake for residents. Some have bought property in the town on that basis. But Newmont have been good employers and stewards of the area, there are points to be made on both sides.
    Last edited by elZorro; 03-03-2012 at 01:44 PM.

  3. #523
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    Quote Originally Posted by elZorro View Post
    Cheers, Vtrader.


    http://www.nzherald.co.nz/business/n...ectid=10789416

    Someone did note that by now, the Waihi Hill, which turned into a deep pit, was meant to be a steadily filling recreational lake for residents. Some have bought property in the town on that basis. But Newmont have been good employers and stewards of the area, there are points to be made on both sides.
    The key comment for me was...
    The sight of Newmont Waihi Gold's humble headquarters getting a new roof is cause for celebration or dread - depending on where you live.
    The leaky old former electronics factory is getting its first spruce up for years and there's a fleet of new SUVs in the carpark. Newmont is digging in.

    They all know there is gold in them there hills
    V.
    Tomorrow's trades will prove me wise or otherwise

  4. #524
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    PDAC 2012 starts up today in Toronto, well I guess our overnight. Simon should be fairly happy with the current position of GEL's tenements. An interesting article about PDAC, cautious optimism with metal prices and outlook. Sounds like PDAC is all about the junior explorers, with many hoping to be bought out by a large player, and others hoping to make it big on their own bat.

    http://business.financialpost.com/20...mining-sector/

    With few exceptions, the juniors hope one day to either be swallowed up by a larger player or evolve into a powerhouse, following in the path of such industry giants as Barrick Gold or Teck Resources.
    “PDAC is really about the explorers,” said Charles Oliver, a portfolio manager with Sprott Asset Management. “PDAC is where dreams are made or crushed.”
    There are some new investors buying GEL over on the TSX by the look of it. Here's a Stockhouse post from one, who indicates Newmont will have a strong interest in Glass Earth's shareprice.


    http://www.stockhouse.com/Bullboards...0&s=GEL&t=LIST
    Last edited by elZorro; 05-03-2012 at 07:06 AM.

  5. #525
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    Articles have started to appear from the PDAC 2012 convention. The consensus is that gold has plenty of years left in its bull run.

    http://business.financialpost.com/20...e-room-to-run/

    http://business.financialpost.com/20...-metal-prices/
    Last edited by elZorro; 06-03-2012 at 07:20 AM.

  6. #526
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    A great story with this copper explorer, has parallels with Glass Earth.

    http://business.financialpost.com/20...-golden-touch/

    TSX:LCC was 50c a share in 2009, now its about $15, a 30-bagger in 3 years, 3-bagger since October 2011.

    I just noticed that Glass Earth's original cornerstone shareholder, St Andrews Gold in Canada, purchased their Holloway Gold mine in 2006 from...Newmont Mining. Newmont appears in the background of GEL's deals more often than not.
    Last edited by elZorro; 07-03-2012 at 03:33 PM.

  7. #527
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    The day after the PDAC 2012 conference, and the Glass Earth stand must have impressed many. Nearly a million shares have sold so far this morning, 250,000 in bids, very few on offer, the share up over 10% to CAN 41.4c, equiv NZ 51c. There are still 3-4 hours of trading to go.

    http://tmx.quotemedia.com/quote.php?qm_symbol=GEL

    This subscription website has posted positive comments about Glass Earth recently, could help explain the investor sentiment. With a smaller Mcap like GEL's, it doesn't take much.

    http://www.explorationinsights.com/

    This guy must be good, does anyone on this thread subscribe?

    http://www.explorationinsights.com/pebble.asp?t=70

    Found some reference from a site collecting TV interview stock picks. It was Brent Cook's Top Pick.

    New Zealand. They have a large deposit and are finding some high-grade veins. Just started drilling on another project and if they drill deeper he feels they will find good values at depth.
    Last edited by elZorro; 09-03-2012 at 01:38 PM.

  8. #528
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    Glass Earth was one of three top picks. Here's the actual text, part of it that's public, anyway.This helps to explain why nearly 1 mill of 66 mill shares turned over last night.

    http://www.theglobeandmail.com/globe-investor/investment-ideas/3-top-junior-miner-picks-from-exploration-insights-brent-cook/article2363487/

    Here is the interview with Brent Cook on BNN, thanks to a contact in Canada.

    http://watch.bnn.ca/wednesday#clip633627

    Even though the interviewer would have been prepped, there was a bit of confusion about Newmont. Brent Cook looks to be a straight-up geologist, good presenter, might have been intrigued that he'd have been speaking to the founder and CEO of GEL running the stand at PDAC.

    The outcome has been quite a few new shareholders turning up on the TSX, from the look of it. The rising trendline is now well confirmed. I would expect that Simon will be organising a news release or two, on his return to NZ. Some news about placer income would be great, thanks
    Last edited by elZorro; 10-03-2012 at 01:53 PM.

  9. #529
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    As hinted by Brent Cook at PDAC, GEL has posted some news on Muirs overnight, great news.

    http://www.glassearthgold.com/s/News...eportID=512304

    Looks like the latest drill has intersected a bonanza grade section, over one ounce of gold a tonne. Each cubic metre of ore in that 2 metre quartz vein would have about $5000 of gold in it.

    The drills are happening very close to No. 4 road, you can see it clearly on the terrain map.
    Last edited by elZorro; 15-03-2012 at 06:05 AM.

  10. #530
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    Another news release, this time it has much more direct bearing on the shareprice, although the TSX is not showing that.

    http://tmx.quotemedia.com/article.ph...&qm_symbol=GEL

    Glass Earth has reached an agreement with Bob Kilgour to buy out the other 50% of Dunstan Mining, which includes mining equipment and trained staff no doubt. This means GEL will get 100% of the placer output on their permits, as the JV partner NZ Goldmines (also owned by Bob Kilgour and family) is also in the deal. Mr Kilgour still has other companies that have mining interests, including around Ophir (Ophir Gold Ltd). I'd say this is a major win-win for all concerned. Mr Kilgour will have capital available (some of it drip-fed) and GEL can cover it from the placer cashflow. A small dilution in the GEL shares should be made up by positive sentiment.

    GEL is now in a more powerful position, signalling perhaps an end to constant JVs and deals to stitch something together.

    Looks like GRU#1, which is the big unit, is not up and running in Drybread yet, but that must surely be occurring in Q2. It would probably quadruple gold output, so quite impressive income for GEL should be just around the corner.

    I have also noted that the two sides of this buyout agreement have agreed on a price for about 3.2% of Glass Earth shares as at 15th March 2012.

    It is CAD$0.548c, NZ$0.685c, well above the current shareprice . Glass Earth last held that price on the NZAX in Sept 2011, but the TSX market reached nearly CAD80c around then. (Note, see later, this wasn't correct).

    More numbers: Here is the projected total placer ounces for GEL in 2012: 7,500 ounces. At NZ$2,000 or so, that's NZ$15mill of gold sales. The minimum payable grade is about 0.2 g/tonne (3 grains per m3 wash), so to get those ounces in the worst case it would take 1.2 million tonnes of dry gold-bearing gravel in a year. With no holidays and running 24 hours, it's 137 tonnes per hour.

    Now GRU#1 can handle up to 100 tonne/hr, in L&M's operation they achieved 45 tonne/hr. The figures start to look sensible if the grade is in fact better than 0.2 g/tonne, which is quite likely. Why else are they showing this much interest? If it's 0.5g/t on average, they'll only need to handle 55 tonne of dry ore/hr. They will have three GRUs. With $15mill in income, they should be able to employ about 40-50 people, pay for fuel and repairs, and still have a few million in profits.
    Last edited by elZorro; 16-03-2012 at 01:03 PM.

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