Greystar Share Discussion Threads

[spec12] 22/11/2009 20:00

Can you buy this stock through an ISA ?

Bit dated but hopefully still very much relevant...

[rambutan2] 22/11/2009 00:49

No, they've added circa 324k to their stake.

[stewpot2] 20/11/2009 09:43

Is that right? JP Morgan have just bought about 9%?

[bionicdog] 19/11/2009 18:13

Hefty bit of director buying , Rovig and Bayley stumping up £350,000 each.

[bionicdog] 13/11/2009 08:04

3rd quarter results out. No surprises and full steam ahead by the looks of it.

[sicilian_kan] 09/11/2009 23:39

Chavez wouldn't do it. He wouldn't risk open conflict with the US.

[corrientes] 09/11/2009 22:52

It might not if the idiot Chavez goes to war with Columbia. Its getting serious now.

[jester jim] 09/11/2009 17:15

agreed SK, GSL has a long way to catch up with its peers

[sicilian_kan] 09/11/2009 17:12

The thing though jj is that GreyStar already have lots of excellent drill results and a massive resource. I guess RNS's like this just draw new blood in as it advertises the potential and brings the share price closer towards fair value.

[jester jim] 09/11/2009 14:42

flying in Canada with 1 cent spread now
May be the market has finally realised that Greystar is the real deal rather than the overvalued story at Ventana??

[sicilian_kan] 09/11/2009 12:58

Well done to those who held through the previous DFS RNS. I intend to come back here in April or so.

[jester jim] 09/11/2009 10:06

finally the spread has gone tight on this stock on AIM

[sicilian_kan] 09/11/2009 07:34

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.

[sicilian_kan] 02/11/2009 08:18

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.

[sicilian_kan] 26/10/2009 09:47

From my trading perspective, I am holding until the DFS by December and will then review based on the DFS whether to hold on through to finance and production.

[sicilian_kan] 26/10/2009 09:46

Depends on the liquidity Stewpot2. If GSL becomes better traded, e.g. on people coming in if the DFS / funding news is good, then the spread will drop substantially.

[stewpot2] 26/10/2009 09:13

I'll probably have a punt on these, but a 25 point spread?! Any opinions on the narrowest we are likely to see?

[navyan] 26/10/2009 08:31

of course SK ;)

[sicilian_kan] 26/10/2009 08:26

navyan, looks like your chart at post 3 was correct.

[sicilian_kan] 24/10/2009 23:28

Stewpot2, I did not state that any major move would be at the point of production. Rather, the period between DFS and production traditionally see the greatest rises. From Greystar's point of view, there will be DFS, start of construction, finance, key construction milestones, first gold pour, etc. all of which will bring their boosts.

[stewpot2] 23/10/2009 09:07

sicilian, by your own comments it would appear that any major move in the share price will not come until production is about to commence. However we have seen an 80 point jump since the beginning of the month, presumably on initial feasability results. As usual with these stocks, the spread is horrendous.

[sicilian_kan] 22/10/2009 22:18

navyan, it's a fair comment and have updated the header accordingly. I haven't enquired with the company to find out why the share sales took place, but compared to the 897,506 held by directors and officers in total, as reported on their website, it is not a vast amount. There could easily be a good personal reason for selling those small amounts. Or there could not be too.