Or, maybe not.:
I hate it when a stock runs away and you don't get the chance to put grandmas kidney on it. LOL
I've seen this sort of thing too many times to get excited though. Stocks go up, they go sideways, they go down. Never just verticle up for ever. And the harder they go up, the harder they go down.
Stu, I reckon it'll go to .76 by 12 May. I got that off metric.Yeah,75c!
Ken,do you think whether it will go down from this level?
God bless I can get them back....
ASX ANNOUNCEMENT
GIRALIA EXPANDS YERECOIN MAGNETITE PROJECT
• Giralia takes exclusive option over key tenement adjoining Yerecoin magnetite project.
• New acquisition triples interpreted strike length of prospective magnetite rich banded iron formation at Yerecoin (from 10 kilometres to 30 kilometres).
• Giralia’s March 2009 drilling at Yerecoin highlighted excellent magnetic separation results from sighter Davis Tube Testwork with exceptionally coarse grind size for magnetite liberation (> 100 microns).
Commenting on the acquisition, Giralia’s Chairman Graham Riley said;
“The acquisition of this tenement significantly expands the prospective area at the Company’s Yerecoin iron ore project. Exceptional results from beneficiation tests following the recent maiden drilling program at Yerecoin highlight the potential for a premium magnetite product, with high Fe and very low silica produced at grind sizes much coarser than most WA magnetite projects. Importantly the Yerecoin project is located only 1 kilometre from existing rail infrastructure.”
The Yerecoin project is located 10 kilometres east of New Norcia and 150 kilometres north of Perth, within 1 kilometre of existing rail access. An initial drilling program completed in March 2009 intersected moderately dipping (45 to 65 degrees) magnetite mineralisation, with better intersections of; 72 metres @ 32.4% Fe including 56 metres @ 35.7% Fe and 50 metres @ 30.3% Fe within 116.3 metres @ 21.7% Fe.
Support holding well, but not out of the woods yet. Looks very promising though. Not much resistance on the way back up till that choppy area around $1.00 back in Sep, if the uptrend continues. I've sold half to lock in some profits but if this trend continues and the markets don't fall over shortly as I expect, will have to reconsider. Another junior up 200-300% since the 'bottom'.Long tails on those candles at support around 60 which is comforting, but an absolutely disasterous looking H&S forming up, albeit, tenuous. Back to cash backing if that follows through.
Long tails on those candles at support around 60 which is comforting, but an absolutely disasterous looking H&S forming up, albeit, tenuous. Back to cash backing if that follows through.
Held up really well, but broken that uptrend support and back to the 62 support area. Parachute donned, but ready to take a seat again.Support holding well, but not out of the woods yet. Looks very promising though.
LOL shag.no thats just kennas selling a few to pay off his visa after his month long holiday or the south american 'pharmacutical' bill has come early.
LOL shag.
I didn't see that trade in question, but I am actually looking to pick up some more, not sell any. Could be a host of reasons for someone selling some shares.
We must expect this run on IO companies to stall at some point. I've a feeling we're starting to extend ourselves a bit much in general. Need a decent pullback for this to stay healthy, or we may find ourselves falling off another cliff down the track.
Haoma Mining (25%) and Giralia Resources (75%) Significant Iron
Ore Drilling Results at Mt Webber
Area adjoins Atlas Iron Ltd Mt Webber Iron Ore Discovery (See Atlas, June 15/19 ASX Reports)
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00960474
http://www.asx.com.au/asxpdf/20090619/pdf/31j4gky2fg1jq1.pdf
Dear Sir,
• Results from initial iron ore drilling of smaller northern hill at Mt Webber, Daltons JV (Haoma Mining - 25%, and Giralia Resources - 75%) include;
16m @ 58.5% Fe, 34m @ 55.2% Fe and 16m @ 56.1% Fe
• Hematite mineralisation intersected from surface.
• Main southern hill (650 metres by 400 metres hematite zone) to be drilled in the next few weeks on completion of access track.
What it means to me is that this JV could host some nice DSO tonnage.
AGOs Mt Webber is a nice resource that they plan PFS by Jul 2010 and mining 3Mt in late 2011. Why not just add on GIRs extention to the inventory? Surely a deal would be looked at.
The GIR target is 650 metres by 400 metres. Lets give it an average depth of 30m.
650*400*30*2.5 = 19.5Mt @ around 55%
Will be pretty handy to add on to the rest of their inventory.
God knows if they'll ever mine any of their projects. More likely to sell them to neighbours for a royalty perhaps.
I sold half at 62 a couple of weeks ago to lock in profits.
It's an average density factor you use for the weight of the material. The same space filled up with cork, will weigh less than the same space filled with water for example. It's just for guestimate purposes.BTW:650*400*30*2.5 = 19.5Mt What does 2.5 mean?
And then then Yerecoin Mag deposit ann on 21 April
EXCELLENT RESULTS FROM INITIAL DRILLING AT YERECOIN MAGNETITE PROJECT
• Initial wide spaced drilling at Yerecoin magnetite project returns positive results;
o Intersections include;
72 metres @ 32.4% Fe including 56 metres @ 35.7% Fe
50 metres @ 30.3% Fe within 116.3 metres @ 21.7% Fe
• Excellent magnetic separation results from sighter Davis Tube Testwork
Typical DTR concentrate grades > 70% Fe, < 2% SiO2
Typical DTR weight recoveries > 40%
• Exceptionally coarse grind size for magnetite liberation
• Key is existing railway within 1 kilometre
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