Greystar Share Discussion Threads

[corrientes] 27/2/2007 09:54

Thanks and agreed.I bought last week.

[bionicdog] 27/2/2007 08:35

It tends to level out after a while. I would say that the TSE is the "true" price and the LSE just lags behind a bit. It works both ways though , we have not fallen as much as we should have in the past. The time delay can create good buying or selling opportunities though.

[corrientes] 27/2/2007 08:31

Why such a big differential between UK/Canada or is this typical MM's who don't really want to deal ? Noticed this on KGI as well and the arbitrage only reduced when there was some trading activity.

[bionicdog] 27/2/2007 08:14

And now about £4.57.

[bionicdog] 19/2/2007 19:34

Worth £4.36 now at current TSE prices.

[rambutan2] 19/2/2007 13:12

david, there is also copper and moly on the land, but gsl hasn't mentioned it for a couple of years.

v few resources this big around anywhere and in play and what with the current dash for growth by the mid producers and need for ounces by the big boys, i'd be surprised if something on that front didn't happen this year. just a matter of being patient.

[daviddunne82] 19/2/2007 12:54

There is a really interesting story - 11m oz gold and 50m oz of silver. Yet mkt cap is only £170m.

Next news flow should be scoping study by end of the month and then based on that start the BFS. I think the sell off has been overdone and if a few buyers start pitching in, this will get squeezed back to 500.

The share price has fallen on nothing but good news flow which to me is an indication of a value play - stay away from the herd. Dont think this will be short term but there is a long term gold producer hiding in here, either in its current form or having been taken out by a major. With that size of resource, the take out is the most likely

[bionicdog] 19/2/2007 08:53

Still lagging behind TSE , even with this rise.

[rambutan2] 18/2/2007 01:25

pinched from the st ock house b oard...

RBC Capital Markets: 1yr $15 target

Rating : sector outperform

Target based on current resource calc which only includes drilling to Aug 2006. Extensive drilling since will further expand the resource. share price target is a significant discount to Tier 2 gold producer valuations (by as much as 35% to 150%) to counter preproduction financing & execution risks. The scoping study and a future feasibility study will elevate the price further.


also, gsl got a nice mention on robtv last thurs (approx 16mins into the show)...
7:00 PM ET
Market Call Tonight with Michael Hainsworth
Mining and Metals Stocks
Bill Belovay, VP and portfolio manager, Jones Heward Investment Counsel

Duration: 57 m 36 s

[rambutan2] 16/2/2007 17:15

i've not found any reason for the fall, even the selling volume has been small. some on the stockhouse board have suspicions (use link in header) but i wouldn't like to say.

as we know, the mkt can forget about cos for periods but i'd imagine that at some stage before too long it will wake up and we will have a nice jump.

[firkin] 16/2/2007 16:56

Thanks ram but I doubt if your line one is right. Anyway I was not aware of the brokers' price targets (£6.66)- very pleased to hear it but nor surprised what with the continued expansion of their discovery area and some exceptional quality finds albeit the best over relatively small ranges.
I've not understood why the drop from around 580p but it does look as if this bear phase may be over. At least one lives in hope rather than expectation. Who said that?

[rambutan2] 16/2/2007 16:37

firkin, your obviously twice as rich as me!

i know that of the three brokers that follow gsl, 2 are v keen with circa C$15 targets.

it's such a large resource, with lots yet to come, it just looks prime pie for someone larger.

and the gold outlook for this year don't look too bad either.

[firkin] 16/2/2007 16:27

just got in for 1k - worth a little arbitrage after the good news re land rights. Spread 2.55p!

[rambutan2] 16/2/2007 16:23

well, mine was the 500 added as this is just too cheap plus trading below tsx price and on the best spread for gsl ever!

am convinced that 2007 will be a good year for gsl.

[rambutan2] 14/2/2007 23:30

ah ha, some movement on tse. and not before time.

[rambutan2] 06/2/2007 23:45

i find it a bit puzzling as to quite why this has drifted down so far over the last few months. no doubt time will reveal...

[bionicdog] 04/1/2007 20:30

January 04, 2007

Greystar Has A Cracking Deposit At Angostura.


By Rob Davies

[gardenboy] 15/12/2006 20:07

More gold and silver in Colombia for Greystar
By: Rhona O'Connell
Posted: '15-DEC-06 09:00' GMT © Mineweb 1997-2006



LONDON (Mineweb.com) --Greystar Resources has reported an update on the August 2006 Resource Study at its wholly-owned Angostura gold-silver deposits in north-eastern Colombia, which has produced a sizeable increase in the contained ounces of gold along with continued improvement in the grade of the deposit.

Greystar is listed on the TSX and on AIM (with ticker symbol GSL on both) , current market capitalisation approximately £158 million or US$310 million. The company is registered in Canada and its mission revolves around the exploration, development, and latterly the exploitation of precious metal deposits.

The primary project at present is the Angostura silver-silver deposit, which Greystar has been actively exploring since 1995. The property lies in the mountains of the north-eastern Cordillera, approximately 300 kilometres north-north-east of Santa Fé de Bogota. Infrastructure is good, as is the education level of the local workforce. The project, which lies at between 2,600 m and 3,500 m altitude, is shaping up to be a low-cost long-life operation, although it is as yet too soon to generate a projected level of output. The two primary areas of interest, the Veta de Barro and the main La Alta area, both contributed to the increase in the resource, which is a source of satisfaction to management.

The project includes thirteen 30-year renewable concessions (although these are being consolidated into just three), is 35 kilometres from Bucaramanga, which is the capital city of the department of Santander and operates off local hydroelectric power. Total land holdings amount to 6,670 hectares and Greystar believes that the project has excellent exploration potential within the confines of the unknown deposits and in the adjacent areas. The deposit is part of a very large system that is potentially suitable for a long life, supporting a low-cost bulk tonnage operation and the mining towns of Vetas and California are nearby. The terrain is steep but not severe, although the road access needs to be improved.

The latest resource update, which includes the results from 573 drill holes totalling 187,902 metres of drilling, has added 420,000 ounces of contained gold to the company mineral resource, giving an indicated mineral resource of 7.42 million ounces of gold and 32.97 million ounces of silver, while the inferred mineral resource remains unchanged at 4.22 million ounces of gold and 17.71 million ounces of silver.

The average gold grade in the indicated mineral resource has been increased to 1.33 grammes/tonne and to 1.62 grammes/tonne in the inferred mineral resource category. While the grade of the inferred resource increased, the tonnage dropped to 80.9 million tonnes from 83.3 million tonnes. This estimate, which is NI 43-101 compliant has been based on cut-off grades of 0.55 grammes/tonne of gold for the oxide deposits and 0.55 grammes/tonne of gold for the sulphide resources.

The indicated resource is estimated at 42.08 million tonnes, grading 1.13 grammes/tonne of gold and seven grammes per tonne of silver in the oxide resource, Along with 131.2 million tonnes of ore grading 1.40 grammes/tonne gold and six grammes/tonne silver in the sulphide resource. The inferred resource amounts to 13.3 million tonnes of oxide ore grading 1.39 grammmes/tonne gold and seven grammes per tonne silver, with 67.5 million tonnes of sulphide ore grading 1.67 grammes/tonne gold and seven grammes per tonne silver.

The update is based on a three-dimensional geological and mineral model and includes all of the technical data available as of October 2006, including 117,813 core assays and almost 3,400 specific gravity measurements. The estimate used 4,108 vein intercepts and over 195 individual strictures, all of which were modelled to satisfy a minimum mining width of five metres. The completion of the Scoping Study on the resource is now expected to be delivered in February 2007.

In addition the company has been making significant progress in outlining drill targets outside the Angostura deposit. Regional geochemical surveys have progressed in the Cuchilla Mongora area and over the Animas anomaly, which lies less than one kilometre from the Angostura deposit. This proximity to Angostura and the similar geology makes the Animas geochemical anomaly a top priority drill target. Greystar is planning to drill test the Animas anomaly, the Cuchilla Mongora area and the general Violetal area in 2007.

Greystar has also been awarded the 7 hectare concession No. GB3 091 in the Violetal area, while to the south, claim AJ5 142, comprising 4,061.1 hectares has been issued to Greystar. In the north of Santander Department, Greystar has been awarded License 343 covering an area of 600 hectares and the transaction on the Armenia claims has been completed with both surface and mineral rights deeded to Greystar.

Management believes that the developments at Angostura in parallel with these additional exploration targets "will make for a very exciting 2007"; we await the Scoping Study with interest.

[rambutan2] 07/12/2006 11:34

also, political scene a bit unsettled...

[flagon] 07/12/2006 11:28

In addition, we are also in the tax loss selling period in the North American markets. Could this be part of the reason for the recent drop ? Who knows.

Anyhow, although Greystar have put in a disappointing shareprice performance YTD i'm still confident and continue to hold.


Good luck,


Flagon

[gardenboy] 07/12/2006 00:14

yes dissappointing - we would need a very strong bounce soon off these levels, which has happened twice before, to resume the uptrend - no doubt some stop losses kicking in here and director selling doesn't help.

[rambutan2] 06/12/2006 23:50

rather an odd slide over recent days - little volume in canada, and of course none on aim.

hmmm.

[tinpotdik] 24/11/2006 20:26

I tend to think that these kind of companies with great potential resources get snapped up fairly early on ( say 2 or 3 years ago anywhere else).
So i assume the colombian discount is/has been too great for both parties to come to a deal.
I wonder how to to get a handle on this discount factor. Any ideas of a specific nature on this?