GRM-high grade "SILVER",Gold,copper,zinc,moly-micro cap..

[JBmurc]

Thanks to shasta for bring GRM to my attention have spent a few hours of study and because of the recent sell off now holding a sizable holding..
Why I haven't keep on the sidelines and waited

GRM is valued by the market at round 7-8mill Micro cap

-My #1 fav asset of GRM is their 3,000ha land holding at El rodeo-MEXICO> with 9 good areas of value so far -------


---from the 100yr+ old Silver mine area at Espiritu Santo >>>>
>recent Best chip samples results "4.3m @ 3,830g/t Ag"(thats 3.8kg per ton )
•Significant Zn to 9.26%, Cu to 2.67%
•Four veins sampled. All mineralised, open all directions & at depth
•Drilling underway(we will here later this month on the shallow drills)

also some 1,500g/t-400g/t results so far at the other areas near by all open at depth & direction

recent presentation-http://www.grcl.com.au/updated_company_pres_18_feb_2011.pdf



--These para's are from a link Macduff put up on the silver thread got me very keen on finding a ASX play with Mexico interests--------------------------------------------------------------------------------------------------------------------------------------
-Mexico does have byproduct silver from some of its gold mines, but the majority is produced from primary silver mines. This country is blessed with several geological structures that contain numerous high-grade silver systems. And some of the world’s purest silver mines can be found within Mexico’s robust silver belts.
This geology supports Mexico’s modern-day silver rush, and this country’s fairly-accurate historical compass is guiding the way. The old mining-industry adage of “the best place to find [silver] is where it is already known to exist” is all too true in Mexico’s case. And today’s geologists know full well that many of Mexico’s historic mining operations may have only scratched the surface of their silver deposits.

------the link-----http://www.thebull.com.au/articles/a/17438-searching-for-global-silver-stocks.html

[JBmurc]

Now with a micro cap how much experience would you usually find in management I will have to look through the mgmt at SVL,AYN I know ARD don't have any Geo's in mgmt which doesn't mean there not good or anything but you have to be impressed with GRM lot

-Dr Miguel Miranda
MSC PhD
Exploration Manager – Mexico

Dr Miranda has more than 36 years of professional experience as a minerals geologist in Mexico. He has worked for companies including BHP, MIM, US Borax, Teck-Cominco, Penoles, and Linear Gold, and since late 2007 has been with Minas GRC as Vice President of Exploration, Latin America. He has worked for the Mexican Government Mineral Resources group and as a professor at various Mexican universities. He is an eminent geologist in Mexico, where he was awarded Economic Geologist of the Year in 2008 by the Mexican Geological Society and the Chamber of Mines

knows his stuff I'm sure he does...
then also you have


Glenn Beere
B.SC (Hons) Geology, F AUSIMM
Exploration Manager

Mr. Beere has 30 years of geological experience with both Government organisations and within the exploration and mining industry.

And

Frank Bunting
B.Sc. (Hons.), Dip Ed
Technical Adviser and Co-founder

With 30 years experience in the industry, Mr. Bunting spent 26 years with BHP Billiton Exploration. Mr Bunting is a geologist with specialist exploration skills for BHT, IOCG, gold, and nickel deposits. He has had significant roles in several major discoveries around the world

Now how many micro cap explorers have this much experience in mgmt very few so I think if their is a mother lode of high grades in old mexico these guys will find it.

[shasta]

Always better to have an Exploration Manager with experience in the relevant metal & in the same country as the project, rather than a pack of elderly mostly white, balding men from the curved shirt factory, back in Perth ;)

PS, Check out the historical silver grades on the new PEX thread

[JBmurc]

Always better to have an Exploration Manager with experience in the relevant metal & in the same country as the project, rather than a pack of elderly mostly white, balding men from the curved shirt factory, back in Perth ;)

PS, Check out the historical silver grades on the new PEX thread

yeah PEX looks to be sitting on a very nice silver asset if AMU would hurry up and get taking over I'd have 60k+ to invest I would like to invest most of it in the energy sector-- COE,ACB,BUR,SSN etc but may with some other funds look into PEX futher

[JBmurc]

3234Silver Gold ratio now 41 soon sub 40 --

GRM depth--not going take much to move alot higher seems to have good support at recent 6c placement price

[Entrep]

Silver down a decent chunk overnight, if you are a believer in the story could be one to watch for an entry around 6c today. Can't hurt to have some precious metal exposure in anyone's portfolio I reckon.

[JBmurc]

Silver down a decent chunk overnight, if you are a believer in the story could be one to watch for an entry around 6c today. Can't hurt to have some precious metal exposure in anyone's portfolio I reckon.

Yes it makes up good part of my portifilo for many reasons and has done for a long time to some very good gains

GRM offers 6.8c now

[JBmurc]

Got some more today at 6.2 average now 6.9c-- Silver price looking very bullish IMHO --

Japan Readies "Massive" Liquidity as BOJ Gauges Risk to Post-Quake Economy

The Bank of Japan may today inject more short-term cash into the banking system after the nation's most powerful earthquake on record....

Governor Masaaki Shirakawa told reporters late yesterday he's ready to unleash "massive" liquidity starting this morning in Tokyo, as the BOJ seeks to assure financial stability

http://www.bloomberg.com/news/2011-03-13/japan-readies-massive-liquidity-as-boj-gauges-risk-to-post-quake-economy.html

[Entrep]

In at 0.062

[drillfix]

My my Entrep, GRM, DGR do I detect a bottom picker? :P

Anything else on that shopping list of yours?

[JBmurc]

Poster on HC In talking with overall upbeat MD believes the drill results will be released very soon --I'm hoping I'm going be as up beat after the announcement
could well be a perfect alignment for GRM with Silver looking very likely to break $40 in April and down through the 38:1 Silver gold ratio at the very least this would mean a nice new all time high through 10c It really is a great time to ann. high grade Silver results

[JBmurc]

Hey jbmurc,

I emailed Simon today to get an update on upcoming drill results.

Here is what he said.....

FYI the process is a little long winded as the core goes to a lab in Guadalara City (Mexico) for sample preparation then the pulps go to Vancouver for assay.



We had some delays initially with cutting the core, but we have three holes in the lab (Vancouver) now, another two on the way and another one nearly cut. So we hope for some numbers very soon, then a steady stream.

[drillfix]

Whats with GRM getting smashed down 29.5% atm?

You guys still holding or dumping?

Glad I chose now to be a spectator in this stock by the looks of things.

Hope you guys are ok and still in tack.

[Entrep]

Drill results not as expected. Ran hard from the earthquake up until now too.

[drillfix]

Drill results not as expected. Ran hard from the earthquake up until now too.

Well, decided to take that 14,000 parcel at 4.9c as it seems Williams %R is showing completely oversold, and we could have support around just below at 4.8c approx and now my 1,000 left over @ 4.9c just got taken out at a dump back to 4.8c

Fun and games this hey~!

[JBmurc]

Well, decided to take that 14,000 parcel at 4.9c as it seems Williams %R is showing completely oversold, and we could have support around just below at 4.8c approx and now my 1,000 left over @ 4.9c just got taken out at a dump back to 4.8c

Fun and games this hey~!

Yeah got another 140k @ 4.5c spoke with Simon finns MD just before nice guy sounds like we will have 10,11,12,13,14,16,17,18 drill results over the next couple weeks so far 8,9,15 has come up with a best of- 2m 303g/t Ag with with some much larger widths at lower 30-50 g/t Ag so here's hoping to see some better results soon,also sounds like GRM are close to closing a deal on some very pospective turkey gold permits..

[drillfix]

Hi JB,

Was tempted grab a few more while the fall, but am doing my best to maintain discipline in not adding any losing positions.

Time along with your conversation of drilling drag these puppies up a few notches over the next week, that's for sure.

[JBmurc]

Hi JB,

Was tempted grab a few more while the fall, but am doing my best to maintain discipline in not adding any losing positions.

Time along with your conversation of drilling drag these puppies up a few notches over the next week, that's for sure.

yeah fair enough another thing simon said was that there was much buying in GRM from a NZ Forsyth barr www.forbar.co.nz/

[JBmurc]

The top 50 GRM holders
Rank Name Address Units % of Units

1.PRIMA GROUP HOLDINGS PTY LTD <SUPER FUND ACCOUNT> 7,830,479 5.75
2. BAR-JONAH CAPITAL PTY LTD 7,428,792 5.46
3. BUNTING EXPLORATION SERVICES PTY LTD 7,428,792 5.46
4. PETER ANTHONY SECKER 7,280,363 5.35
5.FORSYTH BARR CUSTODIANS LTD <FORSYTH BARR LTD-NOMINEE A/C> 4,410,666 3.24
6. BEFAVO PTY LTD <H G SHORE SUPER FUND A/C> 4,059,174 2.98
7.TEMPO CAPITAL PTY LTD <TEMPO GROWTH FUNDA/C> 3,594,804 2.64
8. LAMAE PTY LTD <THE ELM SUPER FUND> 3,258,761 2.39
9.R D THORPE PTY LTD <THE R D THORPE S/FA/C> 2,926,480 2.15
10. TWOPOTS PTY LTD 2,550,000 1.87
11. MUNGALA INVESTMENTS PTY LTD 2,500,000 1.84
12. MEGASTONE PTY LTD <MEGASTONE A/C> 2,100,000 1.54
13. FINHIDE PTY LTD 2,009,977 1.48
14. KENG CHUEN THAM 2,000,000 1.47
15. BODIE INVESTMENTS PTY LTD 1,854,700 1.36
16.MRS SALLY ANNE LAMB <LAMB INVESTMENT A/C> 1,826,600 1.34
17.ENERGY SOLAR CENTRAL PTY LTD <ESC FUND A/C> 1,710,000 1.26
18. SEVEN TOWERS PTY LTD 1,500,000 1.10
19.MRS RUTH PANETH + MRS JACQUELINE BIERENKRANT <RUTH PANETH S/F A/C> 1,469,452 1.08
20. LAMAE PTY LTD <THE LAMAE INVESTMENT A/C> 1,431,383 1.05
21. DST PTY LTD <DST INVESTMENT A/C> 1,256,291 0.92
22.LOXDEN PTY LTD <FRANK BRADY SUPER FUND A/C> 1,170,274 0.86
23.MR BRUCE HENRY SHELTON + MRS KAREN PATRICIA SHELTON 1,110,000 0.82
24. MRS SALLY ANNE LAMB 1,017,356 0.75
25. SECURED ASSETS PTY LIMITED 1,000,001 0.73
26. MR HANS-ULRICH BUHLER 1,000,000 0.73
27. MR MICHAEL PATRICK JOYCE 1,000,000 0.73
28. MR STEPHEN LAYTON <SUPERANNUATION A/C> 1,000,000 0.73
29.PATRICIA HARRISON S/F PTY LTD <P M HARRISON SUPER A/C> 1,000,000 0.73
30. BAR-JONAH CAPITAL PTY LTD 900,000 0.66
31. COMSEC NOMINEES PTY LIMITED 839,000 0.62
32. WESTORIA RESOURCE INVESTMENTS LIMITED 800,000 0.59
33.MRS HAYLEY GERALDENE FINNIS + MR SIMON FINNIS <FINNIS SUPER FUND A/C> 753,686 0.55
34. GECKO RESOURCES PTY LTD 700,000 0.51
35. HAMROG PTY LTD 700,000 0.51
36. MANNWEST GROUP PTY LTD 700,000 0.51
37. MR SAVERIO VIRGARA 700,000 0.51
38. JBM TRADING PTY LTD 640,000 0.47
39. MRS PATRICIA MARGARET HARRISON 620,000 0.46
40. NJSNZ INVESTMENTS LIMITED 600,000 0.44
41. FINNIS 1 PTY LTD 588,686 0.43
42. LEPA PTY LTD <CLANCY WEALTH CREATION A/C> 586,000 0.43
43.MR DOUGLAS WILLIAM BELL + MRS DIANE JOCELYN BELL <THE BELLEX SUPER FUND A/C> 555,000 0.41
44.HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 500,000 0.37
45.MR MICHAEL CLAUDE PALMER + MRS VIRGINIA PALMER <M & G PALMER SUPER FUND A/C> 500,000 0.37
46.PARABOLIC UPTREND PTY LTD <GVL PTY LTD SUPER FUND A/C> 500,000 0.37
47.MR PIERRE RENE PRENTICE + MRS KYMLORRAINE PRENTICE <PRENTICE SUPER FUNDA/C>500,000 0.37
48.RAGTRADERS INTERNATIONAL PTY LTD <THE YOONUS OMAR FAMILY A/C> 500,000 0.37
49. MR CLAUDIO SILVERII 500,000 0.37
50. WALLOON SECURITIES PTY LTD 500,000 0.37

Totals: Top 50 holders of ORDINARY FULLY PAID SHARES (TOTAL) 91,906,717 67.50
Total Remaining Holders Balance 44,251,133 32.50

[shasta]

#38 huh ;)

[JBmurc]

#38 huh ;)

yeah got a few more now so more likely round 33th
In comparing with last top20 oct 2010 a few more major holders on board with the recent raising overall top20 holds less looks like a few bigger holders selling down allowing more smaller holders on board...

[drillfix]

#38 huh ;)

Just below S. Viagra :)

JB, I always thought you were a Million + type of guy....LOL


Seem like $67,000 grand approx gets you in the top 20 however, are you gonna go for the top 20 or ease up on exposure to the sector in general?

[JBmurc]

Just below S. Viagra :)

JB, I always thought you were a Million + type of guy....LOL


Seem like $67,000 grand approx gets you in the top 20 however, are you gonna go for the top 20 or ease up on exposure to the sector in general?

LOL no don't have that much in the market, maybe one day soon if GRM hits the paydirt a major copper resource not out off the question esp you look at the area there exploring in. As for me buying any more really depends on how my other shares go and how the drill results play out may even sell a few if it goes to hard.

[JBmurc]

Acquisition of Turkey Projects
Global Resources Corporation Limited (GRC, or the Company) is pleased to announce that the Agreement previously described in the Company’s news release dated 13 December 2010 to purchase two projects in Turkey, namely Aktarma and Ispir, was executed today.
With the assistance and approval of the exploration team from Agola Madencilik Limited Sirketi (Agola), a wholly-owned Turkish subsidiary of Pilot Gold Inc. (PLG-TSX) (“Pilot Gold”), GRC has begun exploration work on the Aktarma tenements. Detailed mapping has commenced and channel sampling of the outcropping veins is planned for the next few weeks. A local surveyor has been appointed to locate and mark out the lines to enable a gradient IP geophysical survey to be completed. This style of survey will give us a good picture of the extent of the vein system and provide important information for the design of a drill programme, while the channel sampling will provide indications of the grade of the system.
We have requested quotes from two geophysical companies for the IP work and expect to have that completed in the next 5 weeks.
Drilling targets will then be generated and we expect to start drilling about 6-8 weeks from now.
Please see the map below for the location of the projects:

[drillfix]

Huge sell down on Global, whats happening here. Are you dumping for tax time there JB? :P

[gazprom1]

Huge sell down on Global, whats happening here. Are you dumping for tax time there JB? :P

Hey DF,

It is "only' 0.1 or 4.5% so not a massive sell off. Small caps are getting hammered across the board this afternoon almost without exception so nothing out of the ordinary IMO. I boguht NAV today at 6.4 thinking it was a pretty good trade but who knows in this market. Are you trading anything today?

Gaz

[drillfix]

Hi Gaz,

Well, last time I looked at this stock was when I sold it at 4.8c something, I had an order in for 4c a while back and then decided to move it down to 2c in which case it came to my attention when I heard the beep beep beep beep go off, so I am now back in this at 2c :P

Was then gonna get out at 2.1c but somebody is quite quick and dumped another 100K on 2.1 before me.

Oh well, may as well enjoy the ride.

Not doing that much trading gaz, mostly watching it seems, but I did buy some FXR as the 15min and 60min chart is turning upward which should see a potential move upward and RSI has is reacting so a small trade on this for a couple of days or so, or we will see.

Had thought about NAV, but thought Nahhhhh, if management in NAV had a brain they would be dangerous. Dont enjoy seeing other shareholders getting burned by management that talks the talk, yet cannot walk the talk to save themselves, so I will pass, regardless of price.

[drillfix]

Actually, decided to exit my accidental position in GRM and rethink whats happening in markets and a few other stocks.

[JBmurc]

Huge sell down on Global, whats happening here. Are you dumping for tax time there JB? :P

have sold a few at the mid 2s not been a very good investment at all for me,, Mexico looks like a dud is the main reason I brought should have keep my ARD instead of selling and buying into these guys will continue to hold what I have left which is still far to many maybe some better news inthe future

[drillfix]

Ouch JB, although better safe than sorry I guess though either way, not a pleasant experience. Fortunately you got out of NAV in time it seems, but sometimes these small caps can either make or break you quick smart at times. In these declining markets I trying to train myself to sit on my hands to reduce risk as it feels like its getting harder to hold a position for any length of time.

So do you reckon these guys wont get things moving along with any projects at all?

[JBmurc]

Ouch JB, although better safe than sorry I guess though either way, not a pleasant experience. Fortunately you got out of NAV in time it seems, but sometimes these small caps can either make or break you quick smart at times. In these declining markets I trying to train myself to sit on my hands to reduce risk as it feels like its getting harder to hold a position for any length of time.

So do you reckon these guys wont get things moving along with any projects at all?

well it's the big unknown GRM don't have much cash to do all that much drilling outside the Mexico/turkey planned so without any great results their GRM will be looking to raise more funds at very low levels (6c was the last CR)

[gv1]

Just announced placement....looks like someone knew this was coming and sold their shares at inflated prices. bought some at 8c per share. Now the placement is at less than a cent.

[drillfix]

Just announced placement....looks like someone knew this was coming and sold their shares at inflated prices. bought some at 8c per share. Now the placement is at less than a cent.

GV1, not 8c. Surely you mean 0.008c


Another thing,
Wow, another 200,000,000 shares to the registry all for the sake of 1.6 Million dollars.

That is like a speed course in how to dilute a company.


Hey JB, you could have taken out Tranche 1 for 26.7x million shares for $214K approx...lol Are you still holding these by chance?

[JBmurc]

wouldn't touch GRM talked up assets they knew had been drilled before in Mexico, turkey looks very green field
is why they are having to raise at .08c after only weeks ago raising at 1.6c+opt an back when I brought raised at 6c ...they love to burn the cash in admin having higher admin than exploration costs some Qtrs have posted on HC on why I'm glad to have sold out average 2.3c

[drillfix]

Ouch indeed JB, I guess you will be glad to be out of this. And pretty messy story and a clear lesson for many to read and learn from.


Hope other stocks make up for this one, which I am sure you will pick a few far better ones than this.

[gv1]

Hi, Drillfix.
Bought some shares at 8cents per share

[drillfix]

Hi gv1,

When exactly did you buy them, Jan or April this year sometime?

[gv1]

Hi drillfix,
April this year...was thinking would be good investment BUT. Any insight on this one.