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GSL Greystar

210.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Greystar LSE:GSL London Ordinary Share CA3979132030 COM SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 210.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 210.00 GBX

Greystar (GSL) Latest News

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Greystar (GSL) Discussions and Chat

Greystar Forums and Chat

Date Time Title Posts
06/4/201115:19Greystar Resources584
09/11/200923:39500,000+ Oz Gold and 2.3m Oz Silver PER YEAR, 15 Yr Life, Market Cap just Ј189m32

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Greystar (GSL) Top Chat Posts

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Posted at 05/3/2011 12:00 by larney
Took a bit of a hit in Canada yesterday, i still don't know which way this will go, but i expect GSL will have to make concessions to appease enviromentalists, possibly having to scale the project down.

For now i am on the sideline until more is known.
Posted at 23/2/2011 08:14 by sicilian_kan
chipperfrd, I don't think Batista could bid for Greystar yet. If they get the permit, it would look rigged. If they didn't get the permit, he would have egg on his face.

On the other hand, if he wants both mines, better to buy Ventana now as their share price will rise if Greystar get the permit. It is clear that Ventana needs Greystar's land and mine to operate for them to be successful. I see the Batista situation as a huge plus and a strong buy signal.

In any event, if he pays £15/share for Greystar, it is water off a ducks back for him and he will still rake in a massive profit.
Posted at 16/2/2011 16:08 by chipperfrd
S-K,

Those are useful posts. Worth noting that Batista's bid of $13.06/share for VEN is now being supported by management as of the 15th Feb - quite reasonably, considering how over-priced VEN looks to be.

It makes GSL look incredibly under-valued and begs the question "why did Batista go for VEN instead of GSL"?
Chip
Posted at 05/10/2010 18:08 by dogberry202000
Interesting link. It's good to see a chief executive who is prepared to earn his money through achievement.

GSL is up around 12% in Canada.
Posted at 03/10/2010 23:58 by rambutan2
GSL has been in my bottom drawer for a long time now.

When he agreed to become Greystar Resources Ltd.'s (TSX: T.GSL, Stock Forum) chief executive in February, Steve Kesler decided that his biggest pay days should come when the company's Colombian gold mine is finally up and running...
Posted at 22/9/2010 15:01 by dogberry202000
There will be a feasability study released soon for their potentially huge mine in Columbia.

For good or ill I've been buying these quietly - and paying up, too, given the wide spread on the AIM.

With gold at new highs and this company's stock showing no real signs of any excitement I think that there could a large pull-back in gold when afterwards this share really gets going. There again . . .
Posted at 26/4/2010 13:55 by djpreston
Ouch - this is going to hurt anyone who holds:



FOR: GREYSTAR RESOURCES LTD.

TSX, AIM SYMBOL: GSL

April 26, 2010

Greystar Resources Announces Request by the Colombian Government for a New Angostura Environmental Impact Assessment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2010) - Greystar Resources Ltd. (the "Company") (TSX:GSL)(AIM:GSL) announced that the Ministry of the Environment, Housing and Territorial Development (MAVDT) has requested a new Environmental Impact Assessment (EIA) to be filed in respect to the development of an open pit gold-silver mine at the Company's Angostura project in Colombia. MAVDT has requested that the new EIA conform to new regulation Law 1382 of 2010 (Modified Mining Code) which requires that mining and exploration activity must be excluded from the "Paramo" ecosystem.

Paramo is an ecosystem that consists of mostly glacier formed valleys and plains with lakes, peat bogs and, wet and dry grasslands intermingled with shrub lands and forest patches. The definition to determine the area of Paramo is that established by the Alexander Von Humboldt Biological Resources Research Institute (www.humboldt.org) in Colombia. While the definition of Paramo is determined by fauna, flora and other ecological categories, it is also defined by elevation.

MAVDT has requested that the new Angostura EIA adjust the occupied area to an elevation below 3,200 metres. As currently designed, almost all the project facilities and infrastructure are at a higher elevation than 3,200 metres. In addition, half of the proposed open pit resides above 3200 metres. MAVDT's request would require the Angostura project to be completely redesigned: including, identifying and acquiring new land positions to house displaced facilities and initiate new environmental base line studies. At this juncture, the Company has not had the opportunity to determine the feasibility of redesigning the Angostura project to comply with MAVDT's request. However this requirement will severely impact the project schedule and may have a material effect on its economic viability.

The original Angostura EIA was filed with MAVDT on Dec 22, 2009 before the modification of the Mining Code on February 9, 2010. At the time of the filing, Greystar was led to believe that the Modified Mining Code would not apply to the Angostura project. The request by MAVDT for a redesign of the project and a new EIA was not expected or anticipated by the Company.

Greystar has begun the process of filing an appeal of the notification from MADVT. MADVT must respond to the appeal within fifteen (15) working days.

Greystar has worked diligently and to the highest environmental standards for more than 15 years to develop the Angostura project. The International Finance Corporation (IFC) is the Company's largest shareholder. To date, the Company has spent approximately CDN $135 million and the Company employs 350 people.

A Preliminary Feasibility Study (PFS) was completed describing all the areas of mining activity as well as the efforts made to minimize environmental impacts particularly in the Paramos. The PFS envisions a project with US$1 billion in capital expenditures and US$3 billion in operating expenditures over the life of the project. The project will employ 1,500 people during construction and 850 people during its 15 year mine life. The PFS was used to develop the EIA according to the terms of reference issued by the MAVDT.

Greystar is in the midst of completing a Definitive Feasibility Study (DFS) on the Angostura project that is expected to be published in the second half of 2010. In addition the Company has begun the process of securing US$650 million in project finance from international sources.

Greystar is committed to developing the Angostura project using best industry practices in social and environmental stewardship. Through its association with the IFC, the company has brought objective guidance to this commitment. Greystar will continue to work with the Colombian Government to demonstrate that the Angostura project can deliver exceptional economic returns for all Colombians while allowing the Paramos ecosystem to flourish.

Greystar will host a telephone conference call for investors and analysts on Monday, April 26th, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the request by the Colombian Government for a new Angostura environmental impact assessment. Steve Kesler, Director, Fred Felder, Executive Vice President and Geoff Chater, Vice President Corporate Development of Greystar will take questions. The conference call may be accessed by dialing toll-free 1-866-223-7781 in Canada and the United States, or 1-416-641-6117 in the Toronto area and internationally. The conference call will be archived for later playback and may be accessed by dialing 1-416-695-5275 or 1-800-408-3053 and entering the pass code 7108410. The archived playback will be available until May 10, 2010 at 11:59 p.m. EDT
Posted at 09/11/2009 07:34 by sicilian_kan
They are some first class (in fact world class) drill results. I expect to see a bit more blue today, but it won't add vast amounts as the key to the share price is DFS and financing. The recent rises are probably on the back of the gold price increases, rather than anything else.
Posted at 02/11/2009 08:18 by sicilian_kan
Sold out today at a 7% loss. I was in this for the DFS by Christmas. Am likely to comeback in 6 months time but the money will do better elsewhere. Am supportive of the company's plans.

Recognizing Higher Long Term Gold Outlook, Greystar Resources to Consider Alternative Processing Methods to Boost Economic Returns From Intermediate Sulphide Ore at Angostura
FOR: GREYSTAR RESOURCES LTD.

TSX, AIM SYMBOL: GSL

November 2, 2009

Recognizing Higher Long Term Gold Outlook, Greystar Resources to Consider Alternative Processing
Methods to Boost Economic Returns From Intermediate Sulphide Ore at Angostura

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2009) - Greystar Resources Ltd. (TSX:GSL)(AIM:GSL)
(the "Company") announced that the Company will initiate a program of metallurgical testing aimed at
investigating the application of agitation leach and/or pre-oxidation as processing methods for
intermediate sulphide ore at its 100% owned Angostura gold-silver deposit. Initial testing from both
processing methods have shown promising results and further testing is warranted. In the Preliminary
Feasibility Study published in May 2009, the intermediate sulphide ore (representing approximately 17%
of the recovered gold in the mine plan) was designed to be heap leached which resulted in low
recoveries of precious metals. Recent column testing using the intermediate sulphide ore to simulate
heap leach conditions have returned recoveries that question the economic viability of only using heap
leaching on this ore type. It is important to point out that column testing to simulate heap leach
conditions on oxide and transitional ores continue to show very positive results. In addition,
flotation testing for treatment of the higher grade sulphide ore to produce a gold bearing concentrate
also continues to show excellent results. Given the improvement in the long term outlook for gold, the
Company believes that the intermediate sulphide ore may be able to support a more robust processing
method which may lead to higher economic returns for this ore type. The agitation leach and pre-
oxidation testing programs will take approximately six months to complete, as such the Bankable
Feasibility Study is now expected to be completed in the second half of 2010. The Company will
continue with the design of the heap leach facilities for treating oxide and transitional ore as well
as the grinding and flotation circuit for the higher grade sulphide ore.

David Rovig, President & CEO commented, "Our Preliminary Feasibility Study was based upon $700 per
ounce of gold during the first three years of operation and $650 per ounce of gold for the remaining
twelve years. These gold prices limited our options for processing of the intermediate sulphide ore at
Angostura which contains approximately 2 million ounces of gold. In the current gold environment, both
agitated leach and pre - oxidation offer to increase recoveries and improve the economics of this ore
type and the project as a whole. If either process is adopted, design modifications such as the
inclusion of a tailings impoundment would need to be incorporated in the Bankable Feasibility Study.
While this testing will delay the project, the Company will continue to move forward with all other
aspects of the project including geotechnical evaluations, social and environmental studies,
permitting, infrastructure construction and project finance."

About Greystar Resources Ltd.

Greystar Resources Ltd. is a precious metals exploration and development company that is currently
completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit
in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions
average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over
a 15 year mine life.
Posted at 21/10/2009 22:39 by sicilian_kan
FEASIBILITY STUDY PHASE II (DFS) DUE IN Q4 09

(Disclaimer: no information on this thread is intended as investment advice)
(Updates to the header are in red)






Feasibility Study

Average annual production of 511,000 ounces of gold and 2.3 million ounces of silver expected
Conventional open pit mining equipment will be used with a 15 year mine life
NPV at gold price of just $750/oz with a 6% discount is $942m with an Internal Return Rate of 24.9% (Gold now being at $1050/oz)
Over 300,000 metres drilled.
70,000 tonne per day conventional heap leach operation
Expected overall recovery rates of 80%
Average cash costs for life of mine excluding by-product credits is $391/oz
Start-up capital costs are $638 million, with an accuracy of +/- 25%
Additional sustaining capital of $307 million including the construction of a concentrator;
Construction to start in 2010
Production commencing in 2012
No important environmental issues were reported as impediment for the project development.
The surrounding communities have a strong commitment to the project
The area is a historical mining district.
Greystar has obtained terms of reference for the Environmental Impact Study due Q4 09 from the government.
Phase II of the feasibility study due Q4 09 and will aim to improve (even further) the economics of the project

Presentation - September 2009



Growth Potential

Over 30,050 hectares of concessions, less than 10% of which has been evaluated.
23,000 meters of drilling since 2008 resource update inc in adjacent areas with good results.
Further drilling underway in two adjacent areas.

Finances

£36.6m raised in public offering on 29 September 2009 at £2/unit
Each unit was worth 1 share plus a half-share warrant
Each whole warrant is exercisable at C$4.3/share (£2.49 at the time)
Warrants are exercisable within 12 months
Should the share price be above C$5/share for 20 consecutive trading days, then:
The company can within 5 business days give notice that all unit warrants must be converted within 20 trading days.
In addition the company had £17.3m in cash (at the then exchange rate) on 30 June 2009.

Stock Exchanges and Shares

Currently listed on the TSX and AIM
Announcement on 19 October 2009 for listing in Colombia (no dilution)
Will bring on board Colombian pension funds and individual investors in Colombia
This will further embed the company into Colombia.
At present, with share price mid of £2.60/share, m/c is £189m

Directors



Website reports directors' and officers shareholdings are 897,506 shares, which at £2.60/share mid = around £2.3m held by directors and officers, there have been 25k sold in the last few months.
Greystar share price data is direct from the London Stock Exchange

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