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Jay

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Everything posted by Jay

  1. In reply to: percivalw on Thursday 20/09/07 01:07pm i have seen a few 500k orders on VRE in the past percival. he was keen to get the stock, but has since pulled it due to the trading halt. anyone heard anything yet?
  2. In reply to: chariot20030 on Thursday 20/09/07 10:58am could be resource upgrade on bronzewing, could be another JV, could be new discovery at Bronzewing, could be a mine collapse, could be an approach for merger, could be new hedging in place. it will not be a capital raising this time thats for sure. action prior to the halt looked good. guess we will all have to wait and see!
  3. In reply to: kenworth69 on Thursday 20/09/07 09:51am yes they have been drilling, and also preparing an upgraded resource/reserve statement after previous drilling.
  4. Jay

    THX

    In reply to: romaioi on Wednesday 19/09/07 02:00pm price of nickel up more then 10% overnight will hopefully inspire a few keen buyers today.
  5. In reply to: wolverine on Wednesday 19/09/07 08:28pm nickel price up more then 10% over night for the 3 month contract and price of gold up about $6 might give it the good kick up the arse it needs today.
  6. In reply to: romaioi on Wednesday 19/09/07 01:19pm looks like it is getting ready to run with the price of gold romaoi. a few signs of life in the junior sector starting to creep in. VRE is dirt cheap PE wise and last time i checked they were producing gold... lol.
  7. In reply to: wolverine on Tuesday 18/09/07 08:05pm UTMNIG lately wolv... i am sure all the dirty b@stards out there can figure this one out...
  8. In reply to: wolverine on Tuesday 18/09/07 07:54pm any idea which ground will be in the IPO there wolv?
  9. Jay

    THX

    THX announcement out this morning. Looks good to me.
  10. Jay

    THX

    VANCOUVER, BRITISH COLUMBIA -- 09/17/07 -- GBS Gold International Inc. (TSX: GBS) ("GBS Gold" or the "Company") is pleased to announce that it has entered into two transactions to realize value for the uranium exploration potential of its tenement holdings in the Northern Territory of Australia: - GBS Gold's tenement position totals approximately 3,500sqkm within a region which hosts existing and historical uranium mining operations, as well as known uranium deposits. - Through the two transactions, GBS Gold will benefit through the following: - Immediate commencement of uranium exploration activities on its tenements by specialized and experienced uranium exploration professionals; - Receipt of share and warrant consideration totaling approximately $3.7 million, with the potential for additional future cash payments and uranium production royalties; - 30% free-carried interest in any uranium discovery (to completion of a feasibility study) on approximately 2,500sqkm of GBS Gold's tenement holdings; and - Increase in GBS Gold's gold exploration land holdings through reciprocal exploration rights. - The first transaction is with a wholly-owned subsidiary of listed Australian company Thundelarra Exploration Ltd ("Thundelarra") which has purchased the right to explore for uranium on approximately 2,500sqkm of GBS Gold's tenements, in consideration for the issue of 4.5 million shares and 4.5 million warrants in Thundelarra having a current fair value of approximately C$2 million. The share position provides GBS Gold with a 4.0% interest in Thundelarra. In addition, GBS Gold will receive approximately A$1 million on the development of a uranium deposit, and will have a 30% free-carried interest in any uranium discovery to completion of a feasibility study. Thundelarra must spend a minimum of A$0.5 million on exploration within each of the next three years. - The second transaction is with new Australian public company Rum Jungle Uranium Ltd ("RJU") which is completing its initial public offering and listing on the Australian Stock Exchange. RJU's landholding includes exploration tenements near to the historic Rum Jungle Uranium mine in the Northern Territory of Australia. RJU purchased the right to explore for uranium on GBS Gold's recently acquired Tom's Gully tenement package, in consideration for the issue of 5 million shares and 5 million warrants having a current fair value of approximately C$1.7 million, plus the grant of a royalty over future uranium production. The share position provides GBS Gold with a 4.3% interest in RJU. - The above transactions provide GBS Gold with valuation upside while enabling the Company to focus on its core business of gold production and exploration. Thundelarra Exploration Limited ("Thundelarra") Thundelarra is an Australian exploration company listed on the Australian Stock Exchange ("ASX") (code: THX) with a current market capitalization of approximately C$32 million. Thundelarra holds an extensive portfolio of exploration tenements in the north of Western Australia and in the Northern Territory where it is focusing on exploration for uranium and base metals. It is also due to commence production in 2008 through its joint venture interest in an open pit nickel operation in Western Australia. The key terms of the transaction with Thundelarra are as follows: - Thundelarra has acquired the right to explore for uranium on approximately 2,500sqkm of GBS Gold's tenements. GBS Gold retains ownership of the tenements. - The purchase consideration comprises 4.5 million shares and 4.5 million warrants in Thundelarra having a combined fair value of approximately C$2 million. Thundelarra's current share price is around A$0.33 per share. The warrants are exercisable at any time within three years of completion for A$0.45 per warrant. The share position provides GBS Gold with a 4.0% shareholding interest in Thundelarra. - GBS Gold will also receive A$1 million in cash or Thundelarra shares upon the commencement of a uranium mine. - GBS Gold retains a 30% free-carried interest in any uranium discovery to the completion of a feasibility study, and thereafter GBS Gold can contribute to maintain its interest or can dilute to a 2% net smelter royalty. - Thundelarra must spend a minimum of A$1.5 million on exploration through the expenditure of at least A$0.5 million in each of the first three years, which will also assist GBS with meeting its minimum expenditure requirements and maintaining its extensive landholding position. - GBS Gold has acquired the right to explore for gold on various of Thundelarra's tenements in the Pine Creek region. The Thundelarra agreement is conditional upon GBS Gold obtaining the required consents from its promissory noteholders before the end of November 2007. Rum Jungle Uranium Limited ("RJU") RJU is a new Australian exploration company currently completing its A$12 million initial public offering and listing on the ASX in October this year. At its IPO issue price of A$0.25 per share, RJU has a market capitalization of approximately C$25 million. RJU has an experienced team of uranium exploration geologists and holds a portfolio of uranium exploration tenements in the Northern Territory both within the Pine Creek region and near the town of Alice Springs. The key terms of the transaction with RJU are as follows: - RJU has acquired the right to explore for uranium on approximately 1,000sqkm of GBS Gold's northern tenements within the Company's Tom's Gully land package. GBS Gold retains ownership of the tenements. - The purchase consideration comprises 5 million shares and 5 million warrants in RJU having a combined fair value of approximately C$1.7 million based on the IPO issue price. The warrants are exercisable at any time within five years of completion for A$0.25 per warrant. The share position provides GBS Gold with a 4.3% interest in RJU assuming the full IPO raising. - RJU must spend a minimum of A$0.5 million on exploration before the end of 2008, plus other specified minimum annual amounts thereafter. - GBS Gold retains a 1% gross royalty on the value of any uranium production. - GBS Gold has acquired the right to explore for gold on some of RJU's exploration tenements in the Pine Creek region. The RJU agreement is subject to various conditions, including RJU listing on the ASX by December 31, 2007 and GBS Gold obtaining the required consents from its promissory noteholders before November 30, 2007. About GBS Gold International Inc. GBS Gold is an emerging gold producer with 2.6Moz of Measured and Indicated Resources and 1.6Moz of Inferred Resources of gold at its Union Reefs Operations Centre located in historically productive goldfields in the Northern Territory of Australia. GBS Gold produces gold through its modern dual-mill 2.5Mtpa Union Reefs processing plant. The Company expects to construct a flotation plant and bio-oxidation heap leach facility using the GEOCOAT® technology at the Union Reefs Plant to process refractory ores and increase gold production from all sources to a targeted annualized rate of 300,000 ounces in 2009-2010. The Union Reefs plant is adjacent to the main Stuart Highway and the trans-continental Adelaide-Darwin railway line, and is on the Northern Territory power grid. Within 125km trucking distance of the Union Reefs plant, GBS Gold has consolidated over 3,500km2 of prospective tenements and gold deposits and also holds gold exploration properties in Western Australia and Canada. GBS Gold trades on the Toronto Stock Exchange under the symbol "GBS". On behalf of the Board of Directors Gilbert Playford, Chairman and CEO The technical disclosure in this news release regarding GBS Gold's properties was approved by John Vinar, an employee of GBS Gold and a qualified person under NI 43-101. The Company's mineral resources comprise measured resources of 84,800 tonnes at 20.6g/t for 56,100 ounces of contained gold, indicated resources of 24.6 million tonnes at 3.2g/t for 2.6 million ounces of contained gold and inferred resources of 21.2 million tonnes at 2.4g/t for 1.6 million ounces of contained gold. The resource estimates are reported at a range of cut-off grades as set out in the technical report entitled "Independent Technical Review of the Burnside, Union Reefs, Pine Creek and Maud Creek Gold Projects, Northern Territory, Australia", dated effective October, 2005 and filed on January 5, 2006, an addendum technical report entitled "Addendum to the Technical Review of the Burnside Gold Project, Union Reefs Gold Project, Pine Creek Gold Project and Maud Creek Gold Project, Northern Territory, Australia - Resource Update, Maud Creek Gold Project" dated February 2006 and filed on February 8, 2006, the technical report entitled "Form 43-101 Technical Report on the Tom's Gully Project" dated June 13, 2007 and filed on June 14, 2007 (collectively, the "Technical Reports"), and news releases filed on January 20, July 10, September 14, October 26, November 27 and December 13, 2006 and January 9 and May 10, 2007, all of which may be viewed on the SEDAR website, www.sedar.com. The Company has not completed a feasibility study and there is no certainty that the project will be economically successful. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
  11. Jay

    THX

    trading halt this morning for two days. have they found something good over the weekend in their drilling, resource upgrade for Copernicus or is it the need for more capital, or something left field. I spoke to the company about 6 weeks ago, and they said to me they didnt any fresh capital until early next year, not sure if this still stands buts thats what was said to me.
  12. Jay

    THX

    In reply to: shovel on Friday 14/09/07 01:03am where was this from?
  13. Jay

    THX

    In reply to: stoker on Thursday 13/09/07 09:41pm good announcement today re uranium. volume and price action ok also.
  14. In reply to: lexus_sky on Wednesday 05/09/07 11:31pm thanks lex. VRE chart looking great!
  15. gold up another $9 overnight. last time i checked VRE was a gold producer....
  16. In reply to: lexus_sky on Saturday 01/09/07 10:38am closing numbers nickel +7.2%, Gold +$7.80 Dow +119, all good http://www.sharescene.com/html/emoticons/cool.gif
  17. Nickel +5%, Gold +$8, Dow +180 as i type. Monday should be a little bit good imo http://www.sharescene.com/html/emoticons/cool.gif
  18. Jay

    THX

    In reply to: salts on Thursday 30/08/07 05:53pm april 2008 is first production at this stage. we should get an upgraded resource in the next month or so though, along with various drill results. THX are extremely busy at the moment.
  19. Jay

    SDV - SCIDEV LTD

    In reply to: wolverine on Thursday 30/08/07 10:45am it would be interesting to see which brokers all the volume has come from today wolv.
  20. Jay

    SDV - SCIDEV LTD

    solid volume today so far. looks like someone it taking a half decent stake to me. chart now in uptrend...
  21. Jay

    THX

    In reply to: kennedyn on Wednesday 29/08/07 05:22pm UMC (which THX hold more then 20% of) had a cracker of a day today. THX should follow that if nothing else. Nickel production not far away now either. whats the significance of 40c to you Nath?
  22. Jay

    MBL

    In reply to: Daz on Wednesday 29/08/07 04:39pm only when its at the top of the chart. it can be a very bullish signal when its reversed and on the lows. of course its only proven when MBL breaks through about $80 again. target is up around the old highs of $98 once proven.
  23. Jay

    MBL

    head and shoulders bottom has formed. should begin to kick up from tomorrow imo.
  24. Jay

    UMC

    I am surprised THX hasn't fared better with UMC's recovery given their large shareholding. Could be a discount entry to UMC for anyone who is looking for a position.
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