Mining Minerals & Metals Share Discussion Threads

[bongo bwana] 08/5/2007 09:28

Dave,

Let me tell you this - I have been involved with GEX since 1993 and in my experience GEX is one of the tightest firms a shareholder could wish for when it comes to equal access to information.

If there is a "leak" its far more likely to come from someone in TW crew rather than the GEX team.

Its my view that such purchasing is not simplistically based on a leak but on the basis of information that is out in the market, including the opinions and data published on this BB.

All IMHO.

[davenic] 08/5/2007 09:18

109k at full price looks like plenty more interest in these I still think there is a leak

[davenic] 08/5/2007 08:29

Bit of news like CEY & we will be flying ....

[davenic] 08/5/2007 08:12

news any day this week then :-)

[robbi123] 07/5/2007 23:24

Serpico - you beat me to it! Any further rises and it wouldnt suprise me if we got some more press like last year. Very much looking forward to the results, just hope the rise can be sustained in the run up to the agm. Good luck for next week all, here's hoping for some more bonanza grades :)

[serpicouk] 07/5/2007 13:30

A mention on the minesite weekly round up:



Glencar Mining (AIM: GEX) gained 16 per cent to 13p on the back of a positive reaction to a £2.3 million placing announced last week that will enable the company to further its gold exploration work in Africa, as well as news that JP Morgan Asset Management has increased its stake in Glencar to nearly 10 per cent.

[serpicouk] 06/5/2007 20:26

I'm not a chartest...b-u-t...a return to 15p next week would be quite interesting from that point of view.

Assuming assay results are 'only' good then we might expect a slight down trend after next week....might that form the possibility of a 1 year cup and handle formation anyone? For those that believe in this kind of stuff thats a very positive formation indeed.

Next I'll be pointing out that the 50 day sma just crossed the 200 day sma...

[davenic] 06/5/2007 13:37

Should be a very exciting week ahead be good if we can reach 15p prior to the news !!

[serpicouk] 05/5/2007 15:51

I agree Cestnous. I would say every company leaks to some degree. Insider trading is everywhere. Only human nature.

But it depends on what you call a leak. GEX's recent rise is not extraordinary either in terms of the extent and speed of the rise or the volume. Especially when considering that assay results are expected next week.

Looking forward to next week.

[cestnous] 05/5/2007 12:55

All small AIM miners leak, and so do a lot of other companies. Often, when the share price rises prior to expected announcements, the news ends up being good. The opposite is also often true. There are ALWAYS individuals with inside knowledge, from friends of the directors to drillers and staff in the assay companies. Obviously, as an investment tool, this does not work every time but I have found it to be a good indicator. Have a look at the stocks you hold and see what the graph was like immediately prior to good and bad news.

[serpicouk] 04/5/2007 16:43

Personally I don't think this is a leak - looks more like a few people (wisely?) getting in ahead of expected (positive?) assay result.

I think if the assay results are good then we will see a strong rise up to jorc statement. Now we're moving above 12p an assault on GEX's all time high doesn't seem out of the question.

Speaking of jorc - in general (any miner) is it possible to predict (with an acceptable degree of error) what size of resource might be stated to jorc based on released hole data? If so, has anyone modeled it? =)

[davenic] 04/5/2007 15:55

Nice 13p now :-) must be 15p+ on news next week I still reckon a leak somewhere

[share_shark] 04/5/2007 15:51

+100000-:o)

[spaceparallax] 04/5/2007 15:46

Up again - what can we achieve with supporting news?

[tsmith2] 04/5/2007 11:03

Robbi123 - have a look at the MUU board and my last comment...

[robbi123] 04/5/2007 10:47

Few more of those 100k buys TS and we may just get one. Need a rise in volume to see a further rise, otherwise I think the MM's will try to keep a lid on it. There may be a point where we stop for a breather, but all signs are that the next few months will be an interesting and exciting period. Would like to see what TW has to say and see if he maintains his BUY advice.....I would imagine he will:)

[tsmith2] 04/5/2007 10:26

L2 anyone surely due another tick up.

[spaceparallax] 04/5/2007 08:41

The rise continues - chart looking very healthy.

[tsmith2] 04/5/2007 08:34

Anyone in any doubts as to the likelihood of Komana west results next week - read the the RNS on the placing and work programme update. Next week!!

[davenic] 04/5/2007 07:57

Tick up already :-)

[keifer derrin] 04/5/2007 06:48

Serp

I am like you, TMC is my major holding, and am going to start taking profit and move it around, again like you I bought into GEX and will put some more in.

Although I still see no slowing down with TMC especially after yesterday's 13% with the largest volumes for almost two years.

I would love GEX to do the same,

[serpicouk] 03/5/2007 22:47

KD: Regarding TMC and GEX.

I've held TMC since early last year. It was my largest holding before its recent surge and after the last few weeks it now completely dominates my portfolio. My feelings about TMC haven't changed but I'd probably feel more comfortable with a more balanced portfolio - therefore, I may take some profit.

If/when I do then that money would probably find itself here. Whilst it may not out perform TMC I value the fact that we're dealing with gold and that we may be on our way to a multi million oz jorc statement in a few months time. Fingers crossed.

Serp

[davenic] 03/5/2007 19:11

Looking at the update of the 26th April we must be due the Komana West Results tomorrow or next week !!!!



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
Sankarani

[davenic] 03/5/2007 19:05

nice one :-)