AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

Best of luck with the detector purchase JB, you might need to swap it with some silver..

The Glass Earth website has been updated with the quarterly records. There's a lot to read, only skimmed it. I can see that there was a need for cash to pay some bills on 31st March, should be all OK now.

Mention is made of the permit commitments looming, desire to hold these or extend. Look at the maps: now have an area on the West Coast, and one in Southland. The West Coast block looks very big, fairly sure it includes lots of permits, notably Placer Gold Resources has a permit in the area. No mention of any of this in the MD&A.

Cash in: CAD $100,000 might be from the placer mining. Still only $88,000 of mining gear on the books, compare that to the 8mill new excavator ordered by OGC .

http://www.glassearthlimited.com/financial.html