Mining Minerals & Metals Share Discussion Threads

[davenic] 26/4/2007 08:08

Nice one excelent news good price too

[doverbeach] 26/4/2007 07:41

10.5 is a decent price to get these away at. I look forward to the Komana West drilling results in 2 weeks.

[boischastel] 26/4/2007 07:35

China will push for more gold

[boischastel] 26/4/2007 07:13

Morning ts.
Good news indeed and fully taken up by the Aussies.

[tsmith2] 26/4/2007 07:11

Great news


Glencar Placing and Work Programme Update


Glencar Mining plc Placing and Work Programme Update 26 April 2007Highlights* Proposed placing of 22.6 million shares at GBP0.105 to
raise GBP2.37 million (US$4.47 million)
* Macquarie Bank Limited has subscribed for 9.5 million of
the Placing Shares and will hold 3.68% of the enlarged equity
* Latest drill results from Komana West to be released in two
weeks
* Exploration drilling to be carried out on Solona Licence
* Drilling continuing on the Gold Fields joint venture at
SankaraniPlacingGlencar Mining plc ("Glencar" or the "Company"), the AIM and IEX
listed gold exploration company with interests in Africa, is pleased
to announce a proposed placing of 22,600,000 new ordinary shares of
¤0.031 each (the "Placing Shares") at a price of GBP0.105 (¤0.155)
per share to raise GBP2.37 million (US$4.75 million) before
expenses. The total number of Ordinary Shares in issue immediately
following the placing will be 258,386,967.
The funds will be used to continue the exploration and drilling
programmes on the Company's exciting gold targets in southern Mali
and Ghana and for general corporate purposes. In particular, the
funding will enable continued, intensive drilling at the Komana West
deposit, where the results of drilling to date have been very
positive.
The Placing Shares have been placed with institutional shareholders,
in London by Cenkos Securities plc and in Dublin by Davy. Macquarie
Bank Limited has subscribed for 9,500,000 of the Placing Shares and,
as a consequence, will hold 3.68% of the enlarged equity in the
Company.
Application will be made to the London Stock Exchange and to the
Irish Stock Exchange for the Placing Shares to be admitted to trading
on the AIM Market of the London Stock Exchange ("AIM") and on the
Irish Enterprise Exchange of the Irish Stock Exchange ("IEX").Dealing is expected to commence in these shares on 1 May 2007.
Work Programme UpdateWe are taking a short break from drilling at Komana West and we will
be sending the drill rig to complete an initial drilling programme on
one of the targets on the adjacent Solona exploration licence. This
target, Badoga-Malikila, has been defined by field mapping, rock
sampling and gradient array geophysics.
Drilling is expected to recommence at Komana West in approximately
3/4 weeks time, following the completion of the Badoga-Malikila drill
programme.
The Komana West deposit is 95% owned by Glencar and 10,350 metres of
drilling there has already been completed. A further statement on
the most recent drill assay results is expected to be made within the
next two weeks.
Drilling is also continuing on advanced targets on the Sankarani
Project, a joint venture between Glencar and Gold Fields Limited,
whereby Gold Fields Limited may earn up to a 65% interest in three of
Glencar's exploration licences (excluding the Komana licence) through
exploration expenditures of up to US$12 million

[spaceparallax] 24/4/2007 16:13

TS,

Whilst that would be nice, if sustained, I'm happy to see a continuation of the steady, but firm upward trend of recent weeks.

[tsmith2] 24/4/2007 13:54

about time, if we get a decent set of results from the drill I'm confident mid teens quite easily

[spaceparallax] 24/4/2007 13:19

We've been threatening another rise - nice to see 11p again soon.

[davenic] 24/4/2007 13:16

Moving Up now ! M buy that had moved it too :-)

[tsmith2] 23/4/2007 13:18

We could do with an update from drilling activities - fingers crossed we get bonaza grades.

[boischastel] 23/4/2007 12:52

Quite good volume too.

[davenic] 23/4/2007 12:15

Buys coming in I see today :-)

[boischastel] 20/4/2007 13:01

POG back over $690!

[boischastel] 19/4/2007 08:43

Ned Schmidt says gold is the ONLY insurance

[bo doodak] 19/4/2007 00:03

Very interesting character is our Mr Pastorini

[bongo bwana] 18/4/2007 16:45

These yokes are deadly.

[bongo bwana] 18/4/2007 15:56

Spacer,

The tablets are losing their efficacy.

Its time for the heavy duty yokes.

The time for repression is over.

The time for GEXcitement is almost upon us.

Its time for an orbit or 2, Spacer :-) :-) ;-)

[boischastel] 18/4/2007 11:02

Couldn't agree more BB.

[bongo bwana] 18/4/2007 10:32

It may be quiet HERE but it aint quiet in GEX or in the Sankarini or Yanafolia Projects.

This is still working to the advantage to the canny or lucky investors who are accumulating GEX at every opportunity and as long as GEX remains under the radar of the rampers and other stupid oafs I remain a long term investor very happy to hold indeed.

[davenic] 18/4/2007 10:25

I am happy holding too just very quiet

[robbi123] 18/4/2007 09:00

Sometimes it is better that way. If you are wanting a short term return this is probably not the share for you. However, if you return closer to june or the agm iam pretty sure that some hot money will be arriving and taking advantage of a potentially company making resource estimate. Iam happy to hold...

[davenic] 18/4/2007 08:47

This share is one for the bottom drawer the daily activity is almost nothing I hope we see some news soon.