AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

The new website has been provided by a web designer firm in Canada who have looked after other miners there (including St Andrews Goldfields, Toronto). It's probably a content managed (CMS) site, so the NZ staff can add photos and data when needed. This site might have cost only about $5000, there's a lot of competition out there, and no excuse to have a poor website these days.

One web page has the TSX current share price and history chart -it's a bit damning that the NZAX trades aren't worth a mention on the same page. Of course the two share prices should be in synch at all times, depending on the exchange rate. A while ago the TSX price was pumped up a bit and the NZX price stayed down, and now the opposite is happening. GEL has moved from an MCAP of 8mill to about 20mill, still a minnow, even as an explorer. They have had more capital invested than that of course. This is an interesting time-line point - if a company does find some resources that will reach the large-scale mining phase, a rapid escalation in the price should follow once the market takes that on board. GEL can't categorically say that yet, so the shares are in limbo.

On the new website, there are pages devoted to WKP and Serpentine. While there should be nothing important on the web pages that has not been already disclosed in media statements, it's worth having a look at these. Here is a side profile of the expected interesting area (red?) at WKP West, showing an angled drill intersect. The Serpentine page also mentions a possibility of 1Moz gold, which puts it well beyond being a placer site. Note that Serpentine, Ohir, and all of the placer sites, are near Alexandra, making sense of the strategic alliance and 50% shareholding with Dunstan Mining Ltd.

Here's a decent copy of the Resource World article too, June 2011, from the GEL website.

St Andrews Goldfields (TSX: SAS) was a major stakeholder in Glass Earth Gold earlier on. Many of those shares were transferred to Herbert Abramson personally. Here's a list of the Board of SAS, you'll see that two of the board members (Paul C. Jones and Stephen Burns) are also on the board of GEL. They will no doubt be looking after the Canadian investments. Richard Billingsley is a self-employed mining consultant based in Vancouver, and is involved on the boards of Luiri Gold and Southern Hemisphere Mining too.