Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Eureka moment I worked out why GGG consolidated the sp took the market value over 50 mill which opens the doors to ii's .... :)
Last week do know wen well get the new share certs anyone ?
I don't get it at all !
Got an idea as to why we are cosolidating it's just stupid to be honest ?
LONDON, UNITED KINGDOM--(Marketwire - Nov. 18, 2010) - GGG Resources plc (the "Company" or "GGG") (LSE:GGG) - Highlights: -- An RC drill rig targeting high grade zones has commenced at Bullabulling. -- A second drill rig, due to start next week, is targeting the conversion of current inferred resources into indicated and measured resources. -- Snowden Group is advising on the drilling programme and the resource modelling. -- Most drilling is in the 2.3 km zone between the Bacchus and Phoenix pits, with some drilling in the northern part of the tenement at Bonecrusher. -- Additional bulk density measurements are also underway. -- Analysts from UK brokers Westhouse Securities and Collins Stewart have visited the site. The Joint Venture between GGG Resources plc and Auzex Resources Limited is pleased to announce that the planned resource drilling programme at the former Bullabulling open pit gold mine in Western Australia is underway. A Programme of Works (POW) application has been approved by the West Australian Department of Mines and Petroleum for the drilling campaign at Bullabulling and VM Drilling Pty Ltd of Kalgoorlie has been confirmed as the drilling contractor. Work to be undertaken include a 5,000 metre Reverse Circulation ("RC") drilling programme to allow the upgrading of the recent inferred resource estimation (see 16 August 2010 announcement) to measured and indicated resource categories; a 12,000 metre infill RC drilling programme to expand the known resource estimate; and a further 1,200 metres of diamond drill core within the primary zone for metallurgical test work will be undertaken. The first RC drill rig has started and is targeting historic high grade intersections beneath the Bacchus North pit (which included 7m @ 77g/t Au, 5m @ 14g/t Au, 4m @ 5.08g/t Au, 3m @ 4.43g/t Au, and 3m @ 9.16g/t Au). A second RC drill rig will arrive on site in approximately one week's time and will focus on drilling twin holes to compare results from historic drilling with the aim of improving the confidence in the historical assays. This should allow the current inferred resource to be reclassified to indicated and measured categories which in turn should allow a JORC compliant reserve to be established for the project. The current reported JORC compliant mineral resource is 41,517,000 tonnes @ 1.48 g/t Au for 1.98 million ounces of gold at a 0.7 g/t Au cut off to an assumed economic mining depth to approximately 120m depth. The mineral resource excludes all intersections below 120m, any historic production and does not include surface dumps that contain approximately 12,000 ounces of gold in the indicated mineral resource category. High-Grade Zones: There are several high grade intersections in the Bacchus Deep area (e.g. 7m @ 77g/t Au, 5m @ 14g/t Au, 4m @ 5.08g/t Au, 3m @ 4.43g/t Au, and 3m @ 9.16g/
The option to take part in the share whip round any dates bought this at 4p a year ago still dirt cheap mind !
I'm unhappy with the way the board & SP is performing at the moment just stuck in limbo !
Best thing either check on another site like stockopedia etc or ring kedco direct first options the better if the same ring em.
Press Release Source: GGG Resources PLC On Thursday November 11, 2010, 2:03 am EST LONDON, UNITED KINGDOM--(Marketwire - 11/11/10) - GGG Resources plc ("GGG" or the "Company") (LSE:GGG - News) is pleased to announce that it has conditionally placed 63,829,781 new ordinary shares (the "Placing Shares") at a price of 11.75 pence per share to raise gross proceeds of GBP 7.5 million (the "Placing"). The Company has a 50% interest in the Bullabulling project, a former open pit gold mine located in Western Australia currently with an inferred gold resource of 1.98m ounces. The net proceeds of the Placing will enable the Company to continue to progress Bullabulling towards production, targeted for the first quarter of 2013; to strengthen the Company's balance sheet; and to fund future exploration drilling outside of the 2km mining feasibility study area. The Placing Shares will rank pari passu in all respects with the Company's existing ordinary shares in issue. The Placing has been conditionally placed with institutional and other investors by Collins Stewart Europe Limited. Application has been made to London Stock Exchange plc for the Placing Shares to be admitted to trading on AIM ("Admission"), with Admission expected to occur on 16th November 2010. Following Admission, the total number of shares in issue will be 290,847,781. Peter Ruxton, Chairman, comments: "We are delighted with the interest shown in the Placing, which was oversubscribed, and has resulted in us adding an impressive list of new institutional shareholders to the register. The fund raising puts the Company on a firm financial footing as it looks to take Bullabulling through to anticipated gold production in early 2013." Collins Stewart Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as placing agent to GGG Resources PLC and is acting for no-one else in connection with the Placing and will not be responsible to anyone other than GGG Resources PLC for providing the protections afforded to clients of Collins Stewart Europe Limited nor for providing advice in connection with the Placing or any other matter referred to herein.
Recent rights issue to raise 7.5 million at 11.5p - I will definatly take it up -
There weren't that many shares available to sell so a broker sold u them at the 1000 % inflated mark tried to do that to me but decided not to buy mate these will come good but 6.4p is a lot to pay for these right now mate .
While on the throne it occured to me that mines still says central china goldfields is that a issue ?
This should be sky rocketing above £1 plus have no idea it's lagging maybe the board dragging thier feet a year ago has burnt alot of fingers & they are scared of buying back in ...buy buy buy & now!
Yeah understand that but had a long term view with this share as it's got legs & by enk doing thier share consoldation has priced me out of buying more shares in the future which is a bummer whereas it would have cost me £60 + £11 share commision for 1000 shares it will now cost £350 + £11 which is half my mortgage money !
I hate this share after it took away 3/4 of my holding can anyone explain to me why it did that so instead of 10000 ended up with 2500 ?