Mining Minerals & Metals Share Discussion Threads

[bongo bwana] 13/6/2007 21:05

Its good enough for me Serpico and thanks.

[serpicouk] 13/6/2007 20:40

SP looking over sold by any measure. RSI below 25, share price below 200 day sma and out the bottom of the bollinger bands.

Don't like predicting the random walk but my tea leaves guess that 9.75 might be the bottom if we're in a slight up trend. Failing that then slightly lower to 9-9.25 may provide support if in a more sideways trading range.

Looking at the chart it looks like cycles roughly every 2 months give or take a month =). So, assuming the same again then this might drop a bit further and move sideways for a bit (~ 2 weeks) before resuming upward towards just over 13p over the next 2 months...which will take us nicely into jorc statement territory.

Wow a chart prediction with a price target and a time scale. Don't see many of them.

(I would post a chart but I'm not sure how)

By the way - no advice intended as the probability of the above being right is somewhere lower than 0.01%.

[serpicouk] 08/6/2007 20:01

Scud.

Between 2005 and 2006 GEX was one of the top gainers on AIM.

I'm sure you have your reasons for expressing that the share price performance has been disappointing but I wish I was investing in GEX back then!

There seems to be a general wave of concern in the markets at the moment. A lot of good companies are drifting down at the moment, GEX being among them.

[scudmurphy] 07/6/2007 18:55

everyone keeps on saying that this is one to keep for the long term, ever since I started to invest in 2005 in fact. Even with the odd jump it always slumps back down, and since I don't plan on living till im 203 when something good might eventually happen, my money is better used elsewhere and im selling as soon as I break even.

[bartender18] 07/6/2007 17:16

Free fall,whats going on?

[loafingchard] 07/6/2007 16:23

agreed spaceparallax , pop it in the bottom drawer and build up your taper releif for when the real profits (production) come about . From here the downside is limited , but the upside potential is HUGE imo

DYOR

good luck all

[valentine] 06/6/2007 22:57

Glad you think so share price I'm down quıte a few bob since reconfirming my loyalty!

[spaceparallax] 06/6/2007 16:17

Worry not, it's the long-term that matters and GEX are steadily marching in the right direction.

[davenic] 06/6/2007 15:56

What the hell is happening here then ?

[deka1] 06/6/2007 08:10

Val a while ago someone posted the reason for it ,but i cant remember what it was

[valentine] 05/6/2007 19:59

I've seen the 8m plus in one go several times. This was 4.3 x 2 and 1.7m x 2..from recollection.
Boring eh?

[deka1] 05/6/2007 19:49

happens every month Val

[valentine] 05/6/2007 17:52

11.5m in rollovers late in day. Surprised they went without comment.

[adejuk] 04/6/2007 19:49

a first look for me and apols if this has already been posted but the ten year chart shows a lovely c and h formation

[serpicouk] 02/6/2007 18:28

ECB Concludes Gold Sales for 2006-2007 Agreement Year



The ECB has now sold a total of 60 tonnes this year, including a sum of 37 tonnes in the last two months.

Hopefully gold will move forward from here.

[serpicouk] 01/6/2007 15:18

Should have some money for GEX next week. JV drill results a little underwhelming at the moment but happy for that to tick along in the back ground.

May even sell my holding in Greystar (GSL). Been very disappointed with this one. Huge gold/silver resource but the share price has dropped significantly on zero volume. Either over looked or more likely just one of the many 'under valued' unloved companies.

Was hoping the positive scoping study would bring it to life but it mustered 2 trades totally 400 shares! lol.

I'm sure it will do well over the next 12 months as it progresses towards BFS but suspect GEX will still outperform with jorc on komana.

[bongo bwana] 29/5/2007 19:22

Spacer,

My initial reaction on the Sankarini Project drilling results is that they appear to laterally over a very decent area and only now are GF getting to grips with the geology of the license areas within Sankarini Project area. There appears to be a consistent level of Au/tonne with excellent grades popping up "like pearls" as Hugh Mc might add.

Im intrigued that GF ended one drill programme with a hole that revealed marginally over 17grams/tonne. Im sure this will have the GF bods looking even more carefully at their scientific analysis of the geology to date in the area of that pleasant little revelation.

Right now it appears as if GF has no intention of surrendering the Sankarini Project license area's. That cant be bad.

[spaceparallax] 29/5/2007 18:07

Sank drillings don't look terribly exciting, but presumably are sufficient to retain Goldfields' interest and head towards commerciality.

Hopefully, sufficient to maintain the share price around 12p if not to cause it's advancement. I suspect that over coming weeks/months the news about the progress in the Goldfields JV combined with recent news will incur more institutional interest, together with a commensurate share price rise.

[bongo bwana] 29/5/2007 16:43

Possibly the AGM

OR

a paucity of news until September.

[davenic] 29/5/2007 16:31

All quiet considering...what will make this move?

[bongo bwana] 29/5/2007 14:21

Hiiccc!!!!

tquiwyrpqyr

Yeassshhh

[davenic] 29/5/2007 13:46

All at lunch I see :-)

[davenic] 29/5/2007 13:43

Glencar Sankarani - Drilling Update


Glencar Mining plc Sankarani Project Mali - Drilling Update 29 May 2007Highlights* Further drilling success at Kabaya South where the
mineralised zone has now been delineated over an 800 metre strike
length
* At Kabaya South, a diamond drill core intersection
of 19.2 metres at 3.93 grams/tonne (uncut) supports previously
reported reverse circulation drillhole intersection of 43 metres
at 1.7 grams/tonne
* At Sanioumale West, a first round drilling programme
over a 600 metre strike length returned a number of significant ore
grade intersections including:
§ 17 metres at 1.8 grams/tonne in SRC004 from 27m - 44m
§ 10 metres at 1.3 grams/tonne in SRC012 from 28m - 38m, and,
§ 1 metre at 17.8 grams/tonnes in the bottom sample of SRC021 from
59m - 60m.

[bongo bwana] 29/5/2007 12:16

As clear as daylight Haydock.

EXCELLENT!