AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

What a day of turmoil: the flight to gold and precious metals continues, see charts below.

While GEL has dropped a small amount on the TSX before close, look at the increasing numbers on the buy side, now about 500,000 shares wanted, compared to 78,000 on offer. Some profit has been taken, but most will be wanting to hold or buy in while we wait for the news release this month.

We are talking about further delineation (WKP) of what promises to be the biggest gold find in New Zealand for many years, a game-changer for Glass Earth Gold. And behind that, Muirs, Serpentine and others hold great promise. A lot of field and exploratory work, linking of databases, and collaboration with government agencies and contractors with the right gear has brought through these results. It was always a good story, and soon I hope we'll see a road map showing a startling future for this company.

Glass Earth has also put in a new Mining Permit application according to NZPAM, early in August. No. 53814, PigBurn, 5yrs, within 53183, 45.57 Ha. I'd guess this is for placer mining, it's 30km or so northwest of Macraes Flat, an area below Ranfurly. Pigburn was an exploration site mentioned way back in 2008, not much mention since.