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Can anyone buy???
47 million float how many in sticky hands??
Align Research @AlignResearch 20m20 minutes ago More News noted on GRIT - one of our Top 3 Conviction Buys. Increment is worth over 5p to NAV alone. New NAV should be 23p+. #GRIT
woowweee been missed by the herd look at the free float Going forward GRIT's investment in Kalia will be valued on the "see through" value of the offer of GB Energy shares, which were trading at A$0.015 on 21 September 2017. This is expected to give the investment a value of at least A$4.4m (previously A$1.25m)
"No more loan stock remains in issue.Company is now ungeared" An Align Research tip at 6.5p......expect a climb,albeit maybe a slow one,to 15p+
My PF rocketed 14% this week despite selling URU far too soon and losing patience with ZEN. How did Align Research do?
I never imagined my t word would be treated like the c word!
...in you being Richard Jennings? Get off your very high horse! And try to stop insulting other investors you ****! I tried to sell my remaining investment in GRIT yesterday and was offered Fill or Kill which means it's very illiquid. Stupidly I tried the last sell price but it failed. So no surprise that today GRIT is among the Top Fallers. I remain confident.
You are sailing dangerously close to uncharted waters - please stop now! GRIT doesn't need dodgy rampers so kindly vacate the stage.
So no worries about backing the right horse - GRIT will do it for you and has the ability to invest in companies before they list on the Stock Market. Hence the discount to future NAV could be ridiculous.
Will be looking to break 15p very soon especially with the great momentum, buying pressure and charting. Everything going well for this company already
Ah.......yes they were 6.5p when Align wrote about them on Dec 22nd........I had to pay 7p ;-) Looks like you may have to wait till they come back.........highly unlikely IMHO
This report talks about price 6,50 ,is old ? today's price is 11plus
Gige....didn't understand your post....sorry
Great RNS ,but does't correspond to 6,50 is much higher now ,so is to late....
I see the share price is rightly responding to the "Align research note effect"........trading comfortably at 12.5p I'm never one to say told you so.........but on Dec 22nd.......told you so.......another Align winner...thanks HNY
Just RNSed and at 22.32p is more than double the current share price.
I have just read that note from Align on Global Resources.....true grit! Align have written some quality independent and well researched notes on a select few companies.......after every note I've had a little punt and have yet to lose money This one like GPX,GKP,PVR,ZIOC before,might be a nice little Crimbo present Thanks Align......keep em coming
From year end Septenber 30... We have used the recent strength in the gold market to sell the fund's holdings in NuLegecy Gold and Inca Gold Resources and subsequent to the half year end; we have also agreed to sell the holding in Merrex Gold. The proceeds of these sales have and will be used to repay LIM Asia Multi-Strategy Fund. Following these sales we continue to maintain a high exposure to the gold sector primarily through the holdings of Siberian Goldfields and Mineral Mountain Resources.
Another 1m CULS payment to LIM ... very encouraging to see it paid early as the August 1m payment RNS stated further payments were expected 2017. That along with the previously announced written confirmation of long term company support ref: CULS repayments makes this significantly less risky. Clearly well on the case and I suspect we are really starting to see increasing liquidity of assets as the sector turns around. NAV is also increasing already .. sure I saw an RNS saying it was now at 23.40. A rare under the radar opportunity trading at huge discount to NAV with the risk element eroding quickly. Merrex news due soon too... expect that to flag us up on radar. GLA
Market has really dropped the ball on this one. Massive upside to current NAV.
A few buys going through again today and the share price continues to climb. Still has a long way to go.
Could explain the interest in the stock over the past few days: https://masterinvestor.co.uk/trading/chart-day-global-resources-investment-trust/ Extract: Global Resources Investment Trust (GRIT): 16p Trend Channel Target What is interesting about the recent flow at GRIT is the way that the shares have spent so long in their extended downtrend, and have been so loathed to pander to the much better sentiment towards junior miners and value in the resources space. Indeed, it seems somewhat ironic that this company, with its stated aim to invest in such opportunities, has thus far appeared to be in the Cinderella position vis-a-vis investor interest in what should be one of the best exposed vehicles to the great turnaround in this space for 2016. Perhaps the first thing to note on the daily chart of GRIT over the past couple of years is the way that even as recently as 2014 the stock was trading at well over 50p, versus single figures currently. But at least we have a meaningful breakthrough as far as the June break above the 200 day moving average, now at 5.37p. This is now regarded as the weekly close stop loss on the recovery argument, especially as the 200 day line is backed by the floor of last year’s trend channel. All of this should be enough to take the shares back up to the top of the 2015 price channel with its resistance line projection heading as high as 16p. The time frame on such a target is regarded as being as soon as the next 2-3 months.
And this: http://www.merrexgold.com/s/NewsReleases.asp?ReportID=761244&_Type=News-Releases&_Title=Merrex-Gold-4000000-Convertible-Loan-Facility Extract: Aug 24, 2016 Merrex Gold $4,000,000 Convertible Loan Facility HALIFAX, NOVA SCOTIA -- (August 24, 2016) - Greg Isenor, President and CEO of Merrex Gold Inc., ("Merrex" or the "Company") (TSX Venture: MXI) announces: Convertible Loan Facility The Company has reached an agreement on the commercial terms for a C$4,000,000 convertible loan facility. The loan proceeds will be available forthwith upon completion of legal documentation, with repayment due on April 28, 2018. The loan will bear interest at 9% per annum. The loan will be convertible at C$0.21 per share, being the closing price of the Company's shares on the TSX Venture Exchange on August 23, 2016, or such other price as the TSX Venture Exchange shall approve. The loan proceeds will be used primarily to advance the exploration of the Company's joint venture Siribaya Gold Project, particularly the Diakha deposit, in West Mali. The loan facility is subject to the approval of the TSX Venture Exchange. About Merrex's Siribaya Gold Project The Siribaya Gold Project is a 50/50 joint Merrex-IAMGOLD advanced-stage gold exploration project in West Mali which consists of 11 contiguous exploration permits which cover a total area of 876.5 square kilometres and is located in the Kédougou-Kéniéba inlier of the West African Craton region of western Mali along the borders with Senegal and Guinea. The Diakha, Siribaya 1B, and Taya Ko deposits are hosted within highly prospective, Birimian-aged metasedimentary, volcanic and intrusive rocks proximal to the Senegal-Mali Shear Zone. At Diakha, gold mineralization occurs within an albitized sandstone similar to IAMGOLD's Boto gold deposit located approximately 10 kilometres to the north along strike. Zone 1B and Taya Ko occur within the north-northeast trending Siribaya structural trend, which extends over 10 kilometres along strike, and gold mineralization occurs within breccia-hosted stockworks or fault related silicified zones. During 2014 and 2015 exploration was focussed primarily on the 1.2 km Diakha deposit area which is located along the Fekola-Boto trend in the western-most portion of land package approximately 10 kilometres south along strike of IAMGOLD's Boto gold deposit (scoping and pre-feasibility studies in progress) and approximately 20 kilometres south along strike from B2Gold's Fekola deposit (mine construction commenced). The 2015 drilling program enabled geological 3D-modeling and completion of an initial NI 43-101 compliant resource estimate. The initial resource (table below) was released February 9, 2016.
This as well: http://www.tirexresources.com/s/NewsReleases.asp?ReportID=761110&_Type=News-Releases&_Title=Tirex-to-Commence-Fieldwork-at-Romovista-Gold-Silver-Zinc-Property-in-Kosov... Extract: August 23, 2016 Tirex to Commence Fieldwork at Romovista Gold-Silver-Zinc Property in Kosovo option payment made on the Romovista gold-silver-zinc property in Kosovo arranges up to $1 million in financing Tirex Resources Ltd. ("Tirex") is pleased to announce that the first option payment on the Romovista property in Kosovo has been made and that the company is arranging a financing which will allow exploration work on the project to begin. Financing The financing is by way of a non-brokered private placement through the issuance of 10 million units at $0.10 per unit with each unit consisting of one common share and one half share purchase warrant with each full warrant allowing the holder to purchase an additional common share at $0.15 for a period of 12 months subject to acceleration if the common shares close at $0.30 or greater for 10 straight days. The proceeds will be used for the payment of certain outstanding short term obligations, general working capital and for field work at the Romovista Gold-Silver-Zinc Property. Romovista Property Romovista covers an area of 4,141 hectares and is on strike and adjoining the Slivovo gold discovery which is controlled by Byrnecut International Ltd. Slivovo is rapidly advancing towards the completion of a pre-feasibility study. Significant drill intercepts continue to flow from Slivovo gold project. A recent report on the 11 holes that were drilled as part of a 15-hole pre-feasibility drilling program gave significant assay results that included 15 metres of 5.98 grams per tonne gold and 15.89 grams per tonne silver in DHIP001. The other holes had assays from 0.52g/t Au and 15.81g/t Ag to 2.76g/t Au and 17.93g/t Ag with thickness ranging from 9.2 m to 45 m (information taken from www.avrupaminerals.com). Additional to the proximity of Romovista to Slivovo, approximately 6kms to the northeast is the Artana Mine which is mining a lead-zinc-silver deposit containing some of the highest silver grades in Kosovo. Artana is mining approximately 150 tons/day grading 3.33% lead, 4.73% zinc and 124 g/t silver (information provided by Artana mine personnel).