Australian (ASX) Stock Market Forum

GGY - Glengarry Resources

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I'm out of it with a big profit (5.0c>8.5c) but I'm still p*****d off. I'd hoped they were actually going to pick up the ball and run with it rather than pass it on immediately. I'm sure it'll soon be sub 5c again, but with less reason to rise next time (one less interesting project in it's cupboard).
 
exgeo said:
I'm out of it with a big profit (5.0c>8.5c) but I'm still p*****d off. I'd hoped they were actually going to pick up the ball and run with it rather than pass it on immediately. I'm sure it'll soon be sub 5c again, but with less reason to rise next time (one less interesting project in it's cupboard).
Click to expand...
Glad that you run out quicker then me. I only get it out at 7.8c, 7.9c. GGY will be out of my picture completely. Here is quote from James Dines on Dec 22, 2006:

"Australians.... sold their properties for pennies to some of the companies (MGA.TO, LAM.TO), which is one of the main reasons we recommended them (MGA.TO, LAM.TO)"
 
wow - this is terrible news for GGY shareholders. The directors need to be brought to justice for such a spineless decision.

Good news for myself though - my small portfolio of MGA shares (ex Redport) will surely benefit from the action of the fools at Glengarry HQ.

These grades were great, and needed to be followed up with some kind of JORC before selling...

------------------------------------------------------
Hole From(m) To(m) Width(m) %U3O8
------------------------------------------------------
05LYD001 54 64 10 0.12
------------------------------------------------------
05LYD002 34 41 7 0.17
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06LYD003 92 97 5 0.15
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06LYD004 170 172 2 0.15
------------------------------------------------------
 
Interesting to note today's announcement of a renewed interest in uranium. Wonder if that has anything to do with the dramatic collapse in the SP after they sold the last promising-sounding prospect? Also read the face-saving ("the dog ate my homework sir") excuse as to why they divested the last uranium asset. Hopefully if they're lucky enough to get a second chance with uranium, they won't make the same mistake again. I'm not a shareholder any more.
 
Today Dr Leon Pretorius declared that he is the proud owner of 16 million shares (6.82%) in GGY. What impact this people?
 
Maybe he was among the poor saps who bought for the uranium potential, myself included (he's involved with Deep Yellow). I note that all the shares except for 3.25% of his holding were purchased prior to the idiotic divestment announcement on 25th Jan 07. The last 500m shares were purchased on the day following the announcement.
 
Stop the clock or anybody else-posted this on the breakout thread a few days back then bought the day after. What is the position if a company answers the asx saying basically no reason for price increase - how long after such an increase can they release news and not be in trouble? Anyone know the reason for price increase-mentioned in my post about drilling in March also QLD change in stance on U-anything else?
 
Speeding tickets nowdays mean very little. It might frighten a few punters away, but like so many other resource stocks that are given speeding tickets, they rise again the very next day or two.

Doubt there will be any follow up announcement for at least a week or two, so again, just enjoy the upward movment over coming weeks while the drilling and exploration takes place.

The announcement states the quality of the company... must mean there is some awesome stuff in the ground.
 
...as I predicted...speeding ticket has done very little to stop GGY.

All morning we saw GGY down, and now things are turning, and ready for the next leg up.

It is quite amamzing how stocks are becoming immune to the ASX queries, especially the resource stocks.
 
Yes true, I was looking at the intraday share price, sorry I should have been a little more specific.

The intraday share price has bounced around the breakout for a few days now.
 
Excellent presentation made by GGY on boardroom radio.

Drilling to commence very shortly to firm up resources at Greenvale and Maitland. Early results due around end April 07.

MD states that the company is well funded and will not have to go back to the market for capital if the drill results show promise that can be developed.

This is a very big plus and will ensure that the stock on issue remains at low(ish) levels, which in turn will provide the leverage of any positive announcements. Looking forward to where we will be by June. Market cap very low at $30M. It will explode on news. 4 company making projects under way. Fingers crossed.
 
Announcement on uranium licences... although not the huge explosion in SP as you might expect. Perhaps this was already factored into the price?
 
exgeo said:
I'm out of it with a big profit (5.0c>8.5c) but I'm still p*****d off. I'd hoped they were actually going to pick up the ball and run with it rather than pass it on immediately. I'm sure it'll soon be sub 5c again, but with less reason to rise next time (one less interesting project in it's cupboard).
Click to expand...


Interesting to read older posts and current share price levels.

After reading this it really brought to my attention that I make `most` of my decisions to trade on what I think will happen.

Sold out of WMT 14 c because I thought they had no substance and plenty of hype.

I now reinforce the fact that price action knows more than me.:pc:

Zaskar...maybe the W.A. U mining policy is a factor there.
 
Time will tell if Dr Pretorius is a canny investor, this guy. Just bought a swag of em GGY heads early this year and taking profits now. Maybe something's up, or just taking profits? He sold the entire shebang off...
 
Mousie said:
Time will tell if Dr Pretorius is a canny investor, this guy. Just bought a swag of em GGY heads early this year and taking profits now. Maybe something's up, or just taking profits? He sold the entire shebang off...
Click to expand...

The good Doctor still owns 9 million GGY shares. GGY is drilling right next to KZL in QLD at the moment.
 

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