GDR - Goldstar Resources

[explod]

Like the look of the chart now, it has just hit .235 and it is running out of sellers. No announcements today but as we know the last lot was good and the action towards production should be spelt out any time now. Is it good enough for the breakout thread yet?

 

[dorevans]

so mr pancake resigns and nobody says anything round here but was he pushed or did he jump and the share price goes down again just when i thought it was coming to life. does that mean he was a goody or a bady? does anybody know? was he part of the misterious world that gdr lives in or an alein? and another thing is why is the sp going down after good news about tubal cain or was'nt it good news after all??? that seems very strange to me and nobody talikng about it. everybody gone to sleep here?.. regards, doris

 

[explod]

From the March Quarter Activity Report:
Tubal Cain to be fast-tracked to production following exploration success.
Processing plant to be located at Southern Crown, near Tubal Cain.
Southern Crown to be fed from Tubal Cain/Eureka, for production of 100,000 plus pa au
Visible gold hits within four of the last seven holes.
A key driver of the expanded development approach was the continued success of in-fill drilling at Tubal Cain during the March Quarter, giving Goldstar additional confidence to fast-track development of this substantial deposit and valuable asset of the Company.

Looks like production may be happening sooner than most shareholders think going by the quarterly report.

Yes he has moved off the Executive but still remains on the Board. The more important news in February was the appointment of Shane Hart who comes with many years of mine operational and development experience.

Goldstar is just part of this sector's doldrums at the moment. A lot of people got a bit too excited far too early. On assay results, which have since improved and on the gold price which went a bit too high too quick.

 

[Miner]

Hi Folks
The recent discovery of drill result is really excellent
I have a hypothesis and would like to get contradicted

MIN acquired substantial holding at 14.5 cents recents
They are shrewed operator and very smart too, It is probably the deal they have struck for the forthcoming production phase and acquirement of stock, Remember MIN is also crusher supplier and makes life easier for GDR if they want to go quickly into production phase,

So deal could be Chief Opn out of opn and let some one smarter take care of it, He remains in the board not to create havock

With 21 cents with such a good drill result this is a great opportunity I think.

What do you think experts ?

 

[explod]

Increase to resources announced this morning at 10.12am. Up 20%. With moves towards production later this year this is one to watch IMHO.

I hold it.

 

[So_Cynical]

Increase to resources announced this morning at 10.12am. Up 20%. With moves towards production later this year this is one to watch IMHO.

I hold it.

Quote Todays ann:
Goldstar Resources NL (ASX: GDR – “Goldstar”) is pleased to announce
the first JORC-Code compliant resource estimate for the Tubal Cain
Gold Project in Victoria, comprising a total Indicated and Inferred
Resource of 857,000 tonnes at 9.9g/t Au for 274,000 ounces.

http://www.goldstarnl.com.au/pdf/ASX Release_TCResource 23 05 08 MP _2_.pdf

Not to bad for a first JORC resource, considering it only covers the top 500
meters of the deposit...when u include Eureka its not that big a stretch of
the imagination to think that GDR will end up with a near million Oz
operation in the Tubal Cain/Eureka project area.

I Hold GDR

 

[explod]

Noticed Andrew King's (former CEO) Options excercisable at .35cents in September 09. You can bet the share price will reach that figure in that period.

In his Super Fund too.

GDR looks good at 10 cents IMHO. Got some more at .105 the other day.

Of course if they go down the gurgler only loses 1 cent a share.

 

[So_Cynical]

Administrators appointed....another explorer bites the dust

Hope u got out a while ago explod...notice u keep picking GDR in the monthly
comps so have a feeling u didn't get out in time.

I bailed back in Early June...didn't really like the resource estimate and the opportunity
was there for a very small profit and took it...Yet another bullet dodged.

GL to those Holding.

 

[explod]

Administrators appointed....another explorer bites the dust

Hope u got out a while ago explod...notice u keep picking GDR in the monthly
comps so have a feeling u didn't get out in time.

I bailed back in Early June...didn't really like the resource estimate and the opportunity
was there for a very small profit and took it...Yet another bullet dodged.

GL to those Holding.

Have been in and out of this one over the years. Thought it would soon make a run so took up 100,000 at 5.2 cents but did not like the action a few days ago, appeared big player moving it to get out so let them go at 3.4 and very lucky to do so. Never put much into small specs in fact sold SMB today as I have concerns for Macquaire now the way the overall financials are working out. I have no shares at this time and damned pleased to be out.

 

[Joe Blow]

Goldstar Resources (GDR) is now known as Orion Gold (ORN).

For further discussion of this company please see the ORN thread, which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=18220

This thread has now been closed.