Ooooooooooh. Airdale you are making my mouth water lol. Bloody well hope so. That would be a 53 bagger :eek2::eek2::eek2::eek2::eek2::eek2::eek2::eek2: and a whole new life
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JORC upgrade will only include Central Bore so if it breaks the 1mil mark at a decent grade I'd be pretty happy... But down the track, many million ounces for sure.
Its not often a stock with this much potential comes along, but it will take quite some time for that potential to be realised. I'm actually being quite patient with this one :D
trading halt.
May be the awaited capital raising
EKM has renamed as Gold Road Resources (approved by holders at a meeting couple days ago). Will be trading as GOR eventually.
TH is for cap raising.. No surprises I wouldn't imagine. Hopefully its of sufficient size that they can start to ramp up drilling in a big way
Thanks Trackers...are you making money??
Gaz
Hey Gaz, yeah still inching upwards. Had some good success with YTC last couple weeks, and holding a few with some good potential. I'll finish another year up over 100% so I can't complain (though geez it does get harder each time huh?). Hows things with you? Getting enough rainfall? :D
Dry Trackers, dry. Irrigating but the crops look great as do the lambs.
Happy to hear that you are "tracking" up. I have had a good couple of months. Have too much money in BUR and ADD but if they come through will make a difference. It has been a good year generally with lots of quickish trades for a 10/20/30+% gains. MAK has been disappointing....still in and basically up a couple of %. Question for you: I am looking to research India and probably start trading there if possible - suits my time zones (Europe/ Asia) during the winter. Do you have any ideas about setting up a trading account. etc.
Hope you have a fantastic day. I am guessing a strong open followed by a lowor close....I am not doing anything today but that is my pennys worth.
Gaz
Hey,
Interesting about India.. Not sure on brokers sorry, Interactive Brokers only appears to do options and futures and etrade doesn't look like a goer either...Strong open / fading close sounds right so far
Looking through their "new" presentation posted late today, they are only seeking $5mill, giving them $10m cash for the 2011 swiss cheese programme, including listed and unlisted oppie conversions.
Sensible amount and won't impact on existing holders too badly imo.
It'll be being filled today, and most likely announce completion on Monday.
I say massively oversubscribed, and sp will not miss a beat
They don't say at what price they are issuing the new shares to raise the $5 million.
I sincerely hope it's not at a substantial discount to the current share price as some companies have been doing lately.
It's highly unusual for it NOT to be for Junior explorersQuote:
I sincerely hope it's not at a substantial discount.........
the whisper is 30 cents
the whisper is 30 cents[/QUOTE]
Hope the whisper is under the mark, but you're probably right.
Better at 30 than the 15C of 2-3 months ago
sparrow, someone on the other channel reckons 36.5 cents - claims they read it in the paper late last week - that would be exceptional if it's true
we'll know all in good time
If it's a placement with institutional investors, I guess thaey are known to pay a small premium. With the drill results so far I think the company hold most of the cards.
Couldn't find anything on the web re the 36.5 figure quoted by the poster on the other cahnnel, supposedly in the West Australian newspaper last week.
Who has the power to change the title of the thread to the new company name?
I think that Steve Fleming who started the thread would be able to change the title.
34 cents is the magical number...pretty good for Shareholders IMHO.
Gazprom
All good! Was hoping raise would be at 30c+ and the low discount (and oversubscribed) shows the potential the insto's see in this one
GOR what a code. Gold Road Resources huh.
Maybe GNI should change its name to GOR.NextDoor.IncaseUdidntKnow :) LOL
So far so good. Cap raising hasn't effed up the SP.
Seems pretty stable ATM
Yep, doesn't seem that bad at all.
Good to see the Co never dropped the raising down to 30c as they gossip went, as that would have trashed the SP even more, imo.
dis: I dont hold.
what a day. heads up 10%, options 17%. and then PIR going nuts. its good when its blue!
i read the word exciting in the latest ann. this arvo and bought some more. thats my fundamentals.
Hi Roy, another exciting piece of fundamental analysis and research is that picture of a big pan of gold which has featured in some of the company news. LOL :]
Interesting news, and lol comments there Airedale and Roy :D
The announcement was about new results at Justinian but the standout points for me weirdly are:
- 4 metres @ 0.89 g/t Au from 19 metres (10EYRC0123 - area has
no previous soil surveying or RAB drilling)
- Check out the soil survey map below. The pink and green hits are the best ones obviously, and half of them are in completely uncharted (literally) territory. Bizarre
Attachment 3096
- They're seeming to suggest that the strike has been extended over 100m south with the end not found yet..
- rigs moved back to Central Bore to do close spaced drilling to determine extent of mineralisation and "Visible gold was panned off from many geostatistical holes."
All in all, pretty good. I didn't have many expectations for this set of drills given how long the assays were taking, and justinian is still pretty promising given its very early stage. Focus moved back to CB for now though??
I listened to the BRR audio broadcast the other day.
They're going back to Central Bore and this time they're going to be doing shallow drilling much closer to the surface, whereas results so far have been from further down.
I, like many others have been drooling over that photograph with the pan of visible gold :)
Big pan of gold? That's not a big pan of gold.
THIS is a big pan of gold......(page 12, bottom left) http://stocknessmonster.com/news-ite...E=ASX&N=500968
Hi,
Can anybody tell me what the comparasions with Sandfire Resources like? Does Gold Road have similar JORC results?
Cheers,
Hey :) Market cap 80mil vs 1.1bil.. Also, SFR is mainly copper whereas GOR is almost exclusively (atm anyway) Gold.
Revised JORC will be out this quarter, should be interesting.
Haha, well yeah, a little bit Srat. Upon further investigation they obviously largely a copper company which I was unaware of.
As long as the GOR price follows SFR then I will be a happy man.
Likewise.
I dont take a hell of a lot of interest in Fundamentals as a rule but I really like this one.
I think the last company I saw on HC being referred to as the next SFR makes Ice Cream or Tampons or something. Theres probably about 3 a day.
AVB might fit the bill if they can JORC up a decent size resource but thats all speculation till they do. Both these companies have big drilling programs planned which is why I picked them in the 2011 comp
More Central Bore results out today....
drilly, can you ;please spend a mo and let me know at what point the exisiting downtrend is broken. thank you:)
Hi ER,
Mate by the Hourly Chart, it looks like its being range traded between 27c and 37c
So that would be support and resistance accordingly. It looks like it needs to push past 33+ cents to test the 37c resistance in hope it breaks past that to technically make a Higher High on the Hourly.
In the meantime, as previously mentioned just consider the stock being traded in a range (27c - 37c)
Which ever it breaks past is the direction the stock will be taking.
Hope that helps~!
that works well for me thanks. hold a heap and been looking to double up. waiting till we get past 37 will give me time to find some money. funny market today, whats behind that. gold was good?>
HOLY CRAP!!!!
Did anybody see the report out today??????
Gold drilled at - 1KG / Tonne (Not a misprint?!?!?)
WTF!?!?!?!?
It certainly put a rocket under the SP
They have atilla which is over 700koz. They are going to be drilling more on this deposit as they think there is higher grade ore there and they are hoping to increase the resource there.
Apart from that they have only be working the Central Bore area for a short while.
They think Central Bore is bigger than the current area they are drilling. it extends North & South and at depth. It is narrow vein and some analysts think it is 200koz but we will find out soon. I am hoping it will be more like 300koz or more. I remember one very respected analyst saying it should be very profitable to dig up and get processed nearby and that was 9 months ago(he was saying 150koz at that stage) before all the high grade holes were drilled.
They have found Justinian which is only a short distance from Central Bore and has a wider resource. I think one hole was 7 metres at 27g/t.
Hann is a 4.3km long anomaly with huge grades in soil samples. They will be drilling this deposit this month.
Multiple other targets
Could be a very interesting few months and year.
:)
i cant agree with you re volume. 40 mins in and we have done half the volume we did yesterday, and that vol. was sufficient in my books to shift trends. anyhoo, all good.lets wait for the super pit ann.
Hi Roy
Heres the volume over the last 6 months
ok good points, geez dont remember the 11 mil in march?????????? i was talking more recent times, but i admit defeat
I loved pages 27 through 30 of todays preso.........gives one the scale of what this thing could be in the long term.......reminded me of using google earth
an oasis of calmness and stability today......sumats up don't you think? - they have done the calcs for the JORC.......
GOR bucking the trend again today :D
Yeah, nice
I think it relates to Fat Prophets putting out their speccie rec last week - momentum is strong, and FP usually put their stories out based on info about to be released to the market - JORC, as intimated last week right here on the ST channel.....
GO GOR GO
GOR to the rescue again today? :D
Good stuff there fella's.
But the day has just started, hopefully you can manage to escape unscathed but its still early in the day and the weak hands just have not decided to open the door and walk out.
Hopefully this wont happen and a crowd wont try to exit at the same time, but you can see the profit takers sitting there capping this at 46.5/47c
Good luck with this.
"Hopefully this wont happen and a crowd wont try to exit at the same time, but you can see the profit takers sitting there capping this at 46.5/47c"
or the cappers trying to profit! we are due a res. upgrade and two presentations this month alone. they wld be jangling jack weak hands that let go in march!
ER, I think it will depend on the direction of the overall market here.
Meaning, no matter what they have released or what resources they pull of, they will actually need these anns just to stay where there are Markets continue to keep falling.
Not saying this is what is going to happen, but more so, don't be surprised that if stocks fall or eventually fall to the power of the tide of the overall market should this direction continue overall.
i liked it better when you werent so serious. how about a ura update 9on the ura thread of course) drilly. i see the arse has fallen out of that one again!
You are not wrong there mate. Ive been letting quite a few stocks go. The ASX is lookin pretty sad but as always once it appears time to leave the building one should only sell those stocks that share the same sentiment as the ASX. Ive still got a few holding their own.
all go in gorland today.:eek2:
oh dear lord. jumPED 6% in 2 mins. strat, hows the pm volume???
I like this one for GOR (green and todays rise not included) with the ASX (blue) in there too. Note where the ASX was giving off major sell signals:eek2:
Hmmm.
So the ASX has made a recovery and GOR is struggling to break past the previous high.
Hi Strat, I know what you mean, but looking at the weekly chart shows a different picture.
Perhaps there will be a period of consolidation around $.45....a round number.
we shld be in the money today. on some tip sheet or other apparently. look at the opening bids already. i might book some profits today. strat, it goes bongo, then we get the lull, and then funny games just before close. you sell into open????:(
yep up 27% today on new drilling prospects- don't think I'll be selling for a while- lots of drilling this year.
I have a few goro bought at 8 cents so happy to ride the wave!! (new version of toot toot)
oh poop. dont you expect them to fizz after t+3?
oh yes quite right, but im an astute investor dont you know and if i sell 100k at 55 today, and it drops to 45 imagine how many more i can buy back. but i wont tell you i did that until after the event just to make sure i save face. any one seen my venga bus>? lost that baby on cfe.
Good on ya Roy, get into it and get that bus back. I like to be fairly inactive with my trading where and when possible. If you have already let some go I reckon you will more than likely get your chance to trade back in once the promos have all been read, forgotten and provided no new annoucements come through for a while.
Might not be today but :D
me too. i was taking the pith. hope no one tells on me. later. gotta pick up a child from boarding school bus then off to races (tomorrow). all my love to my peeps. hope you had a good week. PIR meant to be Jorcing next week. go the goldies!
Might even close on an all time high???
GOR dropped off at the end of trading on Friday and there is now a gap to be filled but depth looks fat this morning and technically its a breakout. Im looking forward to seeing what happens today.
I will be quite happy with a close at 47.
Dominating guys, well done!
yes well done guys
Sold mine 1 or so days too early :( - had broken my trendlines- price and OBV based on my pruchase price - a bit higher than you guys i would summise!
yeah what bullet ER oppies have been tracking the heads less a cent or two the whole time- so not sure what your dodging cept maybe the salad?;)
SMD up 9.8% today, GOR up 0.9% (GOR was actually down, when I posted earlier.)
I hate to see you pass up an opportunity like this, Strat. Your offspring deserve better, and I am sure they would have been eternally grateful for your careful stewardship of the profits you have amassed to date from your astute investing in GOR! But its still not too late to mend your ways.
Towards a better tomorrow. (It had better be better than today was ......apart from a few like SMD).
Sellers have dried up in the last 10 minutes. Lookin like a nice close.
T+3 insiders on the D&D reco got out early today, but real story lies with the potential - I'm excited - great finish..........
Pretty chuffed today too.
54 cents represents over a 50 bagger for the EKMO that i bought at 1c a couple of years ago.
Have sold quite a few along the way, but still hold a pretty sizeable holding of GORO that i will convert to heads next month....anyway can’t afford to sell anymore because of a crazy capital gains tax headache i already have !! (AVBOB, CEOO, RIMO all massive multibaggers that get caught in this tax year)
Am really happy that others have also had an opportunity to take part in this amazing ride!
Well done guys... Just shows what hardcore research, conviction and a lot of patience can achieve.
I got on this one later than most, buying oppies at 30 cents, but converted them last week to heads.
Every time I am tempted to sell, I bring up the three slide presentation which Ian wheels out at every opportunity, which reads like a Google earth drill down from the 5000 sq KMs to the Central Bore deposit zone, and I say to myself - thats less than 1% of the acreage......for 1m oz's already........
insane this morning. whats the go? venga bus>? ndl?
**** no. tempting at the mo, but will let it run. ive always looked at this as a 3yr plan.