Mining Minerals & Metals Share Discussion Threads

[robbi123] 13/8/2007 08:08

September, probably be the time when some "hot" money will start to flow in and we may see a rise prior to the resource estimate IMO

[davenic] 13/8/2007 08:04

Correct me if I am wrong but don't we have a update coming soon

[davenic] 02/8/2007 09:19

top up time at 10p :-) update must be due in a few weeks now

[spaceparallax] 02/8/2007 09:19

I can think of no GEX specific reason - presumably a symptom of the general Market malaise. We know that this is traditionally a quiet spell for the Company, due largely to heavy rains.

Interestingly, we maintained support around this level last year and the proving process has advanced significantly towards BFS since then - appears a good opportunity to top-up for those lucky ones who have cash at hand.

[maniac3] 01/8/2007 18:40

7% fall seems a bit harsh ..... although if there's no reason other than market sentiment then may be a time to top up. There's no news .... yet.

[valentine] 31/7/2007 17:37

Holiday time, I think.
I just hope they took their holier's in Mali!
July must rate as the most boring month on the stock market...I hope August kicks up some dust! Staring tomorrow...and no I have no idea. I have not spoken to anyone connected recently; merely hoping.

[davenic] 31/7/2007 15:22

50p would nice someday but just to double from here is probably more realistic if we get some encouraging news next few weeks may see some action.

[yorgi] 31/7/2007 10:39

What we need is some news or more to the point some good news.....

[yorgi] 31/7/2007 10:00

I remember CEY when they were 8p.......was told to buy them.....but had to sell them again......bit of a bxxxxx but got in again at 18p......

So now we want some good news.....not sure these will be as good as CEY but who knows what they may find

[davenic] 31/7/2007 08:11

What we need is a bit of CEY action here :-) hope its our turn soon I remember when CEY were only about 18p now look at them

[bongo bwana] 25/7/2007 08:31

End Sept 2007 - possibly concurrently with Interim statement.

[davenic] 25/7/2007 08:26

When are we expecting these estimates ??

[bongo bwana] 24/7/2007 22:16

Stenick - Ur expecting 5m resource?

Thats quiet a bit more than I was estimating - I was closer to the 3.5m but lets wait and see.

[stenick] 24/7/2007 20:36

Anyone reading this disregard it as I say 5mill oz.............................

[serpicouk] 24/7/2007 16:31

Don't know much about them but China Goldmines (CGM) just came out with their JORC (apparently it was much larger than expected) and the share price shot up 50%...up 100% for those who got in earlier this year.

1.8M oz (@11g/t) market cap (according to ADVFN)~37mil.


I've not seen many come straight out with anything over 2M oz recently....if GEX can do it it would certainly set them apart from the crowd.

[serpicouk] 19/7/2007 22:07

Looks like volume has dried up. But nice to see some strength in gold. Anyone care to guess where the PoG will be when GEX release Komana resource estimate?

Tempted to pick up a few while it's quiet.

[valentine] 10/7/2007 15:01

There goes the 6.6m rollover again... with another few milion to follow no doubt?
Instils confidence if nothing else.
Me? I always buy mine in!

These must be being swapped between partners somehow to continue the process.

[spaceparallax] 10/7/2007 09:26

Another step in the right direction.

[valentine] 10/7/2007 08:21

He's on holiday!
Probably!

[davenic] 10/7/2007 08:20

May get a TW update he likes GEX

[valentine] 10/7/2007 08:18

The want the stuff produced first. Potential is just not what it was anymore.

It is also holiday time in the City. Maybe the analysts are away sunning themselves?
Great opportunity for the devotees!
and they may be on hols as well!

Have to make decisions on something else before I can do anything here.
Just been on holiday and spent the lot! lol

[netsurfer] 10/7/2007 08:14

not much interest so far.

[slj] 10/7/2007 07:34

Komana West Drilling Update out:

Glencar Drilling Update

Drilling Update - 10 July 2007 Highlights

Glencar Mining plc - Komana West Project -
12,500 metres of drilling has now been completed at Komana West
- - Main mineralised zone confirmed at shallow depths
- - In KWRC089, the last 9 metres of the hole show a grade of 2.58
grams/tonne
- - Mineral resource estimation underwayGlencar Mining plc ("Glencar" or "the Company"), the AIM and IEX listed company with gold exploration interests in Africa, is pleased to report on additional drilling results from its Komana West project in southern Mali. The assay results referred to in this statement
relate to the final seven boreholes completed at Komana West prior to
the onset of rains in early June and the suspension of drilling
activities there.

12,500 metres of drilling has now been completed at Komana West,
9,886 metres of it reverse circulation drilling and 2,614 metres of
diamond drilling.

The boreholes reported here were designed to cut the northern portion
of the main mineralised zone at shallow depths where the deposit is
being exploited by artisanal miners. Two of the drillholes, KWRC089
and KWRC093 encountered voids, probably representing areas where the
artisanal miners had excavated gold bearing material.

The main mineralised intersections and the associated voids in the
drill returns are given in the table below. From To Width Au (g/t)
Hole ID From To Width Au (g/t)
(m) (m) (m)
KWDD089 7 8 1 void
32 33 1 void
38 47 9 void
49 56 7 1.04
117 126 9 2.58
KWDD 090 33 40 7 2.41
KWDD 092 32 39 7 2.76
43 47 4 1.32
55 64 9 3.44
69 73 4 0.99
KWDD093 1 2 1 6.23
3 5 2 void
8 22 14 1.66
18 19 1 void
22 23 1 void
39 40 1 3.06
43 45 2 2.46

It is interesting to note that in KWRC089, the last 9 metres of the
hole show a grade of 2.58 grams/tonne in an intensely altered zone
with associated porphyry intrusive material. This hole was drilled
to a final depth of 126 metres to test for a possible extension to
the mineralised zone. Further testing of this potentially new
mineralised zone will be carried out during the next drilling season.
Holes KWRC094 and KWRC058 did not encounter significant
mineralization. Due to the breakdown of the drill at the end of the
programme, one of the planned holes, KWRC091 could not be completed
beyond 6 metres depth.

SRK Consultants have recently visited the site at Komana West in the
course of their resource study on the currently drilled mineralised
zone. The results of this study are expected to be available by
September next.

Commenting on the latest results, Glencar's Managing Director, Mr.Hugh McCullough said,"We drilled these seven holes at this time to provide important geological data for resource estimation purposes. This area is one
of intense artisanal activity which inevitably leads to incomplete
sample return when drilling at shallow depths. We are confident,
however, that the voids represent areas of relatively high grade gold
mineralization and consequently we believe that these latest holes
confirm the presence, at shallow depths, of the main mineralised zone
which has been intersected in the deeper holes at these locations."