GNL - Great Gold Mines

[jtb]

Here's the position & survey maps of GNL at Mt Bevan right next to IRM & JMS.

Copied from report below.
http://aspect.comsec.com.au/asxdata/20071010/pdf/00768193.pdf

SevenFX

G'day Tek,

Have IRM or JMS mentioned how they plan on getting any ore out of this area?
As the image shows these ranges are accessed via the back road from Menzies to Sandstone.
This is a shocking gravel road that is closed every winter when it rains and would in no way carry regular haulage.

I imagine they would have to look at constructing a major haul road all the way to Meeka/Mt Magnet to link up to the proposed rail links that are yet to be constructed?

I personally don't think there would be much chance of trucking to/through Kal' and then railing to Esperance after the recent lead, nickel hysteria sweeping the port?

Cheers

j

 

[SevenFX]

Hey JTB

You prob have better local knowledge than moi, given your a local there.

But can see a rail line going from Menzies to Kalgoolie, and assuming JMS & IRM are using or have intentions to use it.

More detailed map which you can zoom In n Out.

http://maps.google.com/maps?t=h&hl=...221,120.93338&spn=0.322929,0.633087&z=11&om=1

SevenFX

 

[SevenFX]

GNL opening up strong after selloff... UP 11.63%

Looks to be running in the right direction...

See what the day brings, but certainly seems strong.

SevenFX

 

[juw177]

Cease to be substantial holder announcement out. Who has been buying all that stock during the selloff? Some people obviously see potential in this. There has been low volume days since the price spike which means people who bought in are not jumping ship. And now buyers are coming in before the gap has closed up.

 

[jtb]

Hey JTB

You prob have better local knowledge than moi, given your a local there.

But can see a rail line going from Menzies to Kalgoolie, and assuming JMS & IRM are using or have intentions to use it.

More detailed map which you can zoom In n Out.

http://maps.google.com/maps?t=h&hl=...221,120.93338&spn=0.322929,0.633087&z=11&om=1

SevenFX

G'day Tek,

Just saw your reply.
Yeah there is an old line there but I can't say I ever saw anything on it?
From memory it was an old freight line to Leonora and I know that numerous companies had looked into building a second line suitable for carting Ni ore (hence my query).

Got to say I'm a bit bemused by the run of companies just cause they've got a BIF ridge on the tenement

Look out for an ann' by MEE any day because they've got some wicked BIF sections and they'd be closer to Minara's rail line (don't know how Twiggy would like sharing his own rail line.

Good luck with her mate

 

[SevenFX]

Second day in a row, GNL showing some reversal signs in Sentiment, as selloff seems complete.

This is despite XJO down considerably, GNL seems to hold SP.

SevenFX

 

[juw177]

Look out for an ann' by MEE any day because they've got some wicked BIF sections and they'd be closer to Minara's rail line (don't know how Twiggy would like sharing his own rail line.

Good luck with her mate

I know this is the wrong thread, but can you tell me more about MEE? Is that why that stock is looking like it can finally break 20c?

 

[SevenFX]

Anyone found any news on GNL...

They should be close to an announcement end Oct based on their early Oct findings.. from memory...

SevenFX

 

[roland]

GNL up 12.50% on no news. Does anyone have anything??? The depth is starting to even out and volume is up ???

 

[Craze0123]

Latest Ann just out at 9:47 am today....looks interesting!

https://trading.nab.com.au/ComNews/20071211/00793942.pdf

 

[Mr Peaman]

Does anyone know why it is now in trading halt?
There was a bit of news at 10am thismorning - i buy in and now it is in trading halt at 12? Shouldnt the news release be after the trading halt?

 

[Santoro]

Does anyone know why it is now in trading halt?
There was a bit of news at 10am thismorning - i buy in and now it is in trading halt at 12? Shouldnt the news release be after the trading halt?

Likely to be other news, bought in to this morning and out for a free carry...looking for a good bit of news from the trading halt...been in a number of these trading halts, must say 9/10 have had a negative impact on the share price...but this morings news was sugnificant from my point of view, market cap of 11.6 million yesterday...this kind of discovery should add alot of value to this company....

 

[b4subi05]

Interesting move on this one. Looks like their is further news to come. I have no idea. Hell of a lot of shares traded in just two hours of trade.

 

[Mr Peaman]

Has anyone heard any news of this one or what caused the Trading Halt? Very anxious about this one!!!:

 

[MACH]

Whats going on with GNL. Its hitting the roof and no announcement. Anyone have any ideas?

Its going over 25% up and nearly over 20 million shares sold.

Wierd cause no announcement.

 

[b4subi05]

Anyone got any knowledge on this stock? Is there news expected?
Couldn't help but notice its move on Friday.

 

[MACH]

Can anyone that understands this, explain the new announcement today? Im guessing it means something that a W.A. company wanted to buy out GNL, but GNL rejected the offer. Is that correct?

29/1/08
Approach to company announcement.