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post Posted: Jun 6 2016, 10:58 AM
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Back from the dead....
post Posted: Aug 25 2011, 12:09 PM
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Name updated by request:




post Posted: Apr 23 2010, 08:37 PM
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Looks like GOT is gearing up for another run................nice break up out of a classic bullish wedge after the latest respect for the 55ema and straight lower trendline through from 14c in Nov 2009 (and has had 3 bounces off it since at about 5 weekly intervals).
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post Posted: Mar 30 2010, 04:01 PM
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In Reply To: Nick1970's post @ Mar 30 2010, 02:25 PM


Just holding since I first posted on it, done fine out of it, it has very exciting potential medium-term. I've added some more today but of course it could be weak for a little while longer, a good ann. or two would help of course.

post Posted: Mar 30 2010, 02:25 PM
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In Reply To: denpal's post @ Mar 30 2010, 12:00 PM

Hi Denpal

Yeah, what a terrific run. I used to go to school with a bloke who is trying to get on the board of this company so will be interesting to get his take on things. Uranium seems to be getting a bit more interest of late. Have you been holding long?



Use a stop loss every time.
post Posted: Mar 30 2010, 12:00 PM
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Just had to buy more today at 91c.

Share Cafe Sentifi Top themes and market attention on:

post Posted: Mar 25 2010, 05:08 PM
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Finally taking a breather! It's had a great run so we await the word of the granting of the EL's now.

Manganese is quite popular at the moment with ARM also an early stage play with plenty of high grade Mn sticking out of the ground in what could be an entire new minerals province. ZNC have also identified extensive areas of strike of at surface Mn. It's much more profitable to mine per tonne than iron-ore and just as much in demand as the two are used together.

GOT takes the cake for potential IMO with a 50Mt exploration target. Of course there are risks in that the tenement areas are largely under shallow water <5m deep - apart from small two islands - and infrastructure is owned by rival GEMCO (BHP/Anglo JV) so they won't be co-operative. More likely a takeover play for GEMCO as their $1.2B profit p.a. mine has only around 17 years life left.

post Posted: Mar 24 2010, 01:46 PM
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In Reply To: denpal's post @ Mar 22 2010, 05:30 PM

Denpal very nice bonus considering the current SP.........
Ms market does not mind .....Wonder if there is something else going on as well? V1

post Posted: Mar 22 2010, 05:30 PM
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How about this then???

When was the last time a brand-new incoming Chairman stumped up $1M cash to take a share placement? And look at his track record.

Goot Got!!!!

ABN 24 119 494 772
TEL: (+61 8) 9481 4000 FAX: (+61 8) 9481 4088

ASX RELEASE 22 March 2010

Groote Resources Chairman Appointment and Placement

Board and Management Changes

The Board of Groote Resources Limited (“the Company”) is pleased to advise that experienced
executive Mr Chris Catlow has agreed to accept the role of non-executive Chairman of the

Mr Catlow has a Bachelor of Science in Engineering from the University of Durham, UK and is a
Fellow of the Institute of Chartered Accountants in Australia. Mr Catlow has extensive experience in
the international resources industry and has held various senior roles in major operating companies
and has considerable experience in raising both equity and debt for large resource projects. Mr
Catlow was the inaugural chief financial officer of Fortescue Metals Group, playing a central role
in the development of Fortescue and in raising more than US$4 billion.

Under the terms of Mr Catlow’s appointment, he will, subject to necessary shareholder approval,
be entitled to receive 6 million options on the following terms:
2 million unlisted options exercisable at $1.00 vesting 12 months from issue;
2 million unlisted options exercisable at $1.25 vesting 12 months from issue; and
2 million unlisted options exercisable at $1.50 vesting 12 months from issue.

Mr Maurice Catina has been appointed Company Secretary effective immediately, replacing Mr
Alec Pismiris who has resigned. The Company would like to thank Mr Pismiris for his services in
steering the Company to date. Mr Catina will be the person nominated under Listing Rule 12.6 for
communication with ASX with regard to listing rule matters.

Capital Raising

The Company further advises that it intends to raise additional working capital to supplement its
existing cash reserves to fund the Company’s planned exploration activities at the Groote Eylandt
Manganese Project and Mt Alexander Uranium Project.
The Company intends to make a share placement of 1.25 million shares at an issue price of $0.80 per
share to raise $1,000,000 before costs.

The placement will be issued to Mr Chris Catlow and or his nominees. The placement will be
completed following shareholder approval.

For further information contact:

Maurice Catina
Company Secretary
Groote Resources Limited
Tel: (+6 18) 9481 4000

post Posted: Mar 22 2010, 01:43 PM
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The lack of interest is amazing...........chart here showing the action
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