Member Info for united88

BZT is on my watchlist - don't you worry. But it's in a less politically stable climate and crucially...... The Institutional Investors don't share your confidence in BZT, whereas they certainly seem to like GGG! I'll get in BZT when the big boys jump in. GL though, I'm sure you'll make a packet! Hopefully I wont be too late

still cannot manage the complexities of labelling my posts. And by the way, I'm ill and my sleep is all over the place, if your wondering why I'm up this late!

of the initial results (Auzex is our JV partner) "Assays from the first 11 drillholes of 36 completed by Auzex Resources (ASX: AZX) at the Bullabulling Gold Project have indicated significant mineralisation intersected in all holes. Higher grade zones include 11 metres at 2.92g/t gold from 79m and 9m at 6.85g/t gold from 98m. Mineralisation has been confirmed beneath the current resource model of 120 metres depth cut off and is expected to add to the current resource base of the project. An additional resource tonnage is also indicated by the bulk density measurements of different types of gold mineralisation (laterite, supergene and primary). The mineralised structure is 500m wide consisting of multiple west dipping low grade stacked zones with narrower higher grade gold mineralisation. The company remains on track to deliver an updated and upgraded resource and initial reserve for the Bullabulling Gold Project at the end of March 2011"

I keep forgetting to label my posts as "research"!

I am actually in love with this share though :) Can't think of another share where I have absolutely no concerns other than the standard AIM mining risks that are impossible to avoid. Positive for bb hoppers/newbies who are looking in. Good Institutional Investors on board Directors have quite a few shares Lots of cash in the bank - £9.5 million, possibly another £4-6 million from ASX - nominal/no debt, which means project fully funded for 2 years Now on the ASX Great Board & Management - one of whom has actually managed two mining projects in Bullabulling Stable politcs Solid infrastructure Inferred 2 million ounce resource - and it's very shallow as well Initial drilling results encouraging, more initial results to come in the next few weeks Looking to upgrade the JORC inferred, up to JORC inferred, measured and indicated in first half 2011 Strong chance of resource upgrades, as previous figures have not included gold below 120m - of which we know there is some Lots of newsflow in new year with regards to metallurgical results, feasibility studies etc. Reassuring analyst reports (independent and geological) Phew - think that's most of it

doesn't change the market cap. It's just an error on this site. It's updated the new Share Price, but hasn't updated the number of shares in issue yet, so the Market Cap figure given is twice what it should be. Someone tell me if I'm being an idiot here, please!

This is a good long term hold. I invested 3k here in the summer @ 98.5p. Last week I sold 1ks worth to put in another ISA-able share, just in case this doesn't perform as expected. I too am confident about Brazil in the next 3-5 years, but they do have colossal problems to overcome. The country has had a bit of a "purple patch" under Lula and it's going to be interesting to see how it goes.

about any short term drop. We should get some results in December, and if we can get the resources to indicated / measured, and perhaps increase resources in the new year, then we should be looking at a much higher SP If this goes to 10p I will be topping up!

Like you I'm in quite a few shares at the moment, 9 in total. Have you been trading long? I imagine the olies must be pretty exciting! And a good way to keep busy while waiting for miners like GGG. I'm thinking that maybe I should bring the number of companies I need to be keeping track of down while I can only do this part time.....to 5 or 6 perhaps. And do you trade/invest full time?

to see this share getting a bit of interest. For any GGG newbies I would recommend checking out the directors backgrounds, it's all on their website of course. The summary is that it's encouraging! Feeling the choice I made a few months ago to focus on miners was a good one - the idea being to become an "expert" in the field within 3-5 years...... Does anybody else in here focus on particular industries, with maybe just the odd one or two shares outside that field?

it is, isn't it? There will be plenty of obstacles to overcome until prodution in 30-36 months time. But we do have severa things going for us. I don't think we could have a better BoD. SO experienced, including with mines at BB! Couldn't really ask for more on that front. Also very stable country, excellent infrastructure. Some of this will depend on the performance of gold in the next 3 years, but even a 50% drop and this project is pretty much viable. At current gold prices we're looking at something quite tasty here. A few analysts believe that the "gold bubble" has a long way to go, some even saying it could nearly double it's current price in the next few years. Hmmmmmm Not that you don't already know all this, of course!

got any idea as to what's caused the recent drop? Obv this isn''t of share your trade, so I'm not going t sell, but crious to hear people's thoughts????

does look bright GDGD, I too am in here. Seeing it as a more steady, lower risk rise to underpin my pf. Now the elections sorted, hopefully Roussef will come out with some lovely economic polices. Agree with you about getting midway up the top 10 economies. Think Brazil is in a better position than India, and in a few ways China as well (although not overall). Still has big crime and social issues to work through but there seems a real sense of national unity. Hopefully that doesn't stop now that HE (lol) has gone

forward to results this month. If we can get this moved up from inferred that would be great. I'm nervous though, the "2 million ounces" could go up or down. Really pointless question, but has anyone here got long term experience with other companies like GGG, and what happened when the resources were upgraded to "measured/indicated"?

I think that provides a good snapshot of the situation. Very confident in this share! Shame about the drop today (all my shares went down) but in the long run it's not going to matter, and there was a significant rise yesterday. Still, would be nice to get above 15p this week and stay there. As the report suggests, based on the 50% stake in Bullabulling, this share should be in the late 20's. And with the favourable conditions at Bullabulling, good news could cause more rises......hopefully

another good day!

you sure about that? surely it's just annual, quarterly and half year results - because the company know exactly when they are going to be released. RNS can come at anytime (sp movement statement, new contract etc) so doesn't seem possible that companies can't do it within 1 month of Directors buying shares.

charting AIM's is basically guesswork - even if you spend your Friday and Saturday nights practicing lol! Although I'm sure you two are the exception ; ) but thanks for your opinions guys, looking over your posts riddler you do seem to analyse things pretty intelligently and offer a mix of fact and opinion which is better than most. Plus this is one of the most boring bb's on the site!

Fair enough, but any company could need funding in 3 years time. 2 years is plenty of time to sort it out. Short of a crash in the price of gold, there will be companies, investors looking to help them get it out of the ground. So good long term prospects, and hopefully any more positive news will see another rise before price stabilising, as it has been doing recently. Good to hear another point of view though, this board's too quiet! Any thoughts on BHR, cheers?

de-ramper! They have said they wont need funding for 2 years. Even if you don't believe them, to speak with such certainty suggests you just want it to go down.....