Mining Minerals & Metals Share Discussion Threads

[1waving] 25/7/2008 14:20

Walden is my first choice username, when that name is taken already I use 1waving.

[spaceparallax] 25/7/2008 14:09

1W,

Why username Walden?

[bongo bwana] 25/7/2008 13:46

They are in Guinea?

Im BB only.

[1waving] 24/7/2008 14:12

More buys than sells today but the mm's still drop the price.
mm's are not making a market, just manipulating price for their own profit.

[deka1] 24/7/2008 14:06

the annual rainy season drop is under way , could end up around the 6p mark in a few weeks imo

[bongo bwana] 24/7/2008 14:00

That just about completes the picture 1w but the momentum is now in reverse!

[1waving] 24/7/2008 07:53

Also due are drill results from the 3 targets at Solona and RC results from Komana West, Kama and Soloba. ( 22 RC holes from KW pre-xmas plus whatever was drilled there in Feb/Mar )

[bongo bwana] 23/7/2008 22:17

There are a couple of probs for GEX!

The POG will have a bearing on the share price and sentiment but it will not affect the overall acceptance that the KOmanamine will be very economic and profitable.

The absence of exciting news between now and the interims in October.

The "only" excitements that are probable by then include a JV announcement following the updated JORC for Komana. I suppose I could throw in the conclusion of the JV discussions in Ghana and the overdue release of the Sankarini Project JV drill results.

That should be enough for most of us.

Did I see Hugh Mc in a yacht off Gran Canaria over the weekend???? Its within cyclin or hitchin distance to Mali!!!!.

Now, wheres my stopwatch and calendar?????

[tonudiki] 23/7/2008 20:40

nice post 1Waving.

I hope you enjoy Glencar's future official "Company Tune".....

[bartender18] 23/7/2008 19:32

1waving

I would keep quiet next lol

Nicely written piece thanks.

[deka1] 23/7/2008 15:48

pog dropping like a stone

[bongo bwana] 23/7/2008 14:17

Thats true.

[1waving] 23/7/2008 12:58

spaceparallax, it's one I wrote earlier !!

Just based on open source info. The 'string of pearls' expression is one I've heard on a few occasions when reading articles on exploration and development and have used the term before on this thread and elsewhere.

[spaceparallax] 23/7/2008 12:30

1W,

Where did that piece come from?

[bongo bwana] 23/7/2008 12:30

EXCELLENT post 1W

[1waving] 23/7/2008 12:14

TWO STRINGS OF PEARLS AT KOMANA

Komana West was the first major strike at Komana, which is still open along strike to north and south and at depth,and helped with the understanding that the major Sankarani shear zone running through the Komana license had great potential.

The 'string of pearls' potential or series of strikes along the shear zone is now borne out with strikes at Kama and Soloba , with the alignment being North - South from Komana West. RC drill results are outstanding, 9 holes from Soloba and 10 from Kama. There is a series of three strikes so far over 9kms on a N - S alignment with the potential for further strikes, with targeting and extent in that zone probably now being helped very much by the airborne survey results.
_ _ _ _ _ _ _ _ _

Komana East has now come up trumps with consistently strong grades over 1,600m and is open in both directions along strike and at depth and is in the 23kms of strike running down the East side of Komana..

The potential for the 23kms of strike along the Komana East zone is emphasised with comments from recent company releases, particularly when it is noted that Glencar generally employs a cautious tone in it's releases.

From Annual Report - 'There are also geologically, geophysically and structurally analogous targets present in five locations to the south of the Komana East deposit over a 10 kilometre strike length.'

From drill update - 26th June - 'Glencar controls a total of 23 kilometres of strike length along the major Sankarani Shear Zone to the north and south of Komana East within the Komana licence and the mineralisation there is open along strike in both directions. The results of the aeromagnetic survey flown by Glencar over the Komana Licence, have shown the presence of a series of distinct exploration targets along strike to the north and south of the Komana East deposit, each of which has geophysical and structural similarity to the Komana East ore zone.

From drill update 16th July - Gonka. The recently completed aeromagnetic survey, together with geological mapping and geochemical sampling has delineated several very prospective targets lying along the Sankarani Shear Zone to the south of, and along strike from, the Komana East deposit. The Gonka Target is the first of these targets to be tested, initially with RAB drilling. 91 holes were completed on the Gonka Target for a total of 2,970 metres of drilling. Three fencelines of holes were drilled at an average spacing of 400 metres across the projected mineralized structure over a strike length of 800 metres and significant mineralisation was intersected on each of the three fencelines. - These results suggest that this initial RAB drilling programme has successfully determined the precise location of the Sankarani shear structure at Gonka and follow up reverse circulation drilling will fully test this part of the Sankarani shear early in the next field season.

The potential for continuity along strike both to the north and the south is very strong and, based on the results from the RAB drilling at Gonka, the further potential for up to 20 kilometres along strike to the south is very good indeed. '
_ _ _ _ _ _ _ _

The Komana West deposits in themselves are very good strikes but the results coming out from Komana East have higher and more consistent grades demonstrating an even more strongly developed orebody than Komana West. Komana East also looks to be more central in the main Sankarani shear zone with Komana West slightly offset. This is also backed up by the clarity of information from Glencar over several releases with a stated 23kms of strike to the North and South of KE, with 5 specific targets mentioned to the south, of which Gonka is one, with broad mention also made of targets to the north and south of the Komana East deposit, each of which has geophysical and structural similarity to the Komana East ore zone.

There probably will be more targets to drill along the Komana West zone but it is very clear that Komana East with higher grades, more consistency, a much greater strike length, with a higher number of well identified targets to drill is by far the greatest of the 'strings of pearls' at Komana. From the information coming out of the AGM it could also be that the orebody is almost continuous between some of these targeted 'pearls' i.e. Komana East to Gonka

The two series of strikes through Komana East and West has the potential for a world class deposit for Glencar, that is if there is no takeover from a major first.

Oh ---- and that is just the Komana license area !!!!!!

.

[bongo bwana] 23/7/2008 11:16

Ive been a subscriber to IC for longer than I care to remember.

Its a fine magazine and their analysts do a decent enough job but its only good for library purposes in the current market environment.

In reasonable conditions an IC buy recci would add 10% on a Friday morning while a sell recci would lop off 20% from the share price

They have mentioned GEX in brief dispatches but have yet to undertake a review of the GEX business and prospects. This may well occur once we are producting.

[valentine] 23/7/2008 11:05

The IC have written positively about several shares I hold to little effect recently. Nice to be reassured though if they do deign to compose a few words in our favour. Heaven knows I could do with an improvement all round.
Production is what the market wants. Potential 'in the ground' stuff is so much conjecture to them, and consequently has little or no effect on share price

[bongo bwana] 23/7/2008 10:57

Maniac - are you expecting the IC to write about them?

[maniac3] 23/7/2008 10:52

It's interesting to see so little interest in GEX and their apparent potential.

Seems like an ideal time to top up. If the IC writes about them in a fvaourable light I would imagine that alone would garner much positive interest.