SevenFX said:Snakey are you still holding.... or did you sell at open...???
Certainly taken a SMALL hit... which is nothing by comparison to rise.
EDIT: Struggling to find direction atm.
SevenFX
Snakey said:yeah still holding ....i admit it.... no one else will
disapointed in not selling around 20
went out yesterday arvo and also had visitors which was very distracting (excuses)
will hold to see what happens tomorrow.
was off trading dyl today bought .54 by 50k sold .58... happy with that
watching this one carefully... stop loss set at .14 entered at .155....dont use automatic stop loss just manual one
appears to have stopped running but i am not convinced
expecting poor close but already topped up at .15
time will tell the story now
<H1>Goldsearch director sells
</H1>A DIRECTOR of uranium hopeful Goldsearch has taken advantage of the recent price spike in the company's shares to offload a sizeable chunk of his holding in a move which is sure to enrage many of its newfound legion of investors.
- <LI class=byline>Kevin Andrusiak
- January 06, 2007
John Percival, a former merchant banker with Barclays Bank New Zealand, sold about one-third of his entire Goldsearch holdings in the midst of the market hype over drilling results from its Mary Kathleen prospect. The trading frenzy, mostly from day traders, helped push Goldsearch shares more than 351 per cent higher in the space of seven trading sessions over the final few days of 2006 and into the new year.
Mr Percival, a non-executive director, sold the shares on January 2 for an average price of 17.92c each, netting $147,083.
He also sold 945,000 options for an average price of 12.24c apiece, pocketing close to $116,000 in the process.
Mr Percival could not be reached for comment yesterday but Australian Securities Exchange documents show he still holds more than 3.1 million shares in the company, 1.1 million quoted options and 3 million unquoted options.
Goldsearch shares had moved higher on speculation its Mary Kathleen tenements in northwest Queensland have significant uranium potential.
It recently sent a number of core samples from a seven-hole drill program to Alice Springs for assay, but is not expecting the results for at least another 10 days.
Goldsearch has also said positive tests at Mary Kathleen from a hand-held device prior to the drill campaign which began on December 7 were "expected", and it had no rationale for why its shares had surged.
December 7 was also the day directors were granted a swag of options as part of the company's Employee and Directors Share Option Plan. Chairman John Landerer, a respected Sydney solicitor and former FAI chairman, and Mr Percival were each granted 3 million options, while the other directors received 2million each.
Mr Landerer recently purchased a multi-million-dollar mansion in the exclusive Sydney suburb of Vaucluse, but not for the $46 million price tag previously reported.
It is unclear what the exercise price or date is for these options. However, 2 million options granted to exploration manager Heath Hellewell in July last year as part of his remuneration package had exercise prices ranging from 5.5c to 10c with expiry dates stretching to June 2009.
Goldsearch shares retreated 1.5c yesterday to 13c, with 16.3million shares changing hands.
Its options declined 0.5c to 7.8c.
Jayne's tip drives the gravy train
FIVE trading days ago someone who goes by the nickname of Jayne delivered a spectacular tip to one of the internet forums dedicated to Australian stocks and their fast-moving day traders.
- Hedley Thomas
- January 05, 2007
Her brief post on www.crazyjimsmith.com shortly after the market opened on December 28 stated:
Jayne's tip drives the gravy train
</B>FIVE trading days ago someone who goes by the nickname of Jayne delivered a spectacular tip to one of the internet forums dedicated to Australian stocks and their fast-moving day traders.
- Hedley Thomas
- January 05, 2007
Her brief post on www.crazyjimsmith.com shortly after the market opened on December 28 stated
I did some research last night on Goldsearch Ltd and feel that it's worth a look at. It's up over 8 per cent this morning and is currently drilling for uranium 6km away from the old Mary Kathleen uranium mine. When the day traders and stickybeaks saw Jayne's post, Goldsearch - the newest darling of the booming uranium exploration sector - was just under 5c a share. The options were under 2c - and Jayne claimed to have bought 200,000, which would have cost almost $4000. Twenty minutes later when Jayne made another contribution to the forum, Goldsearch shares and options were lifting off on high volume. "Anyone else getting on board?" Jayne wrote.
The program is targeting uranium mineralisation at the historic Elaine Dorothy prospect and at the recently identified McGregor target.
Goldsearch had started to rocket, attracting the hundreds of day traders who browse a handful of internet sites. News of Jayne's prescient post that morning was spreading like wildfire.
Some traders expressed scepticism, suspecting blatant ramping or a pump-and-dump, while others scrambled to get on board.
I hope your information is good Jayne because I just followed you! wrote Crazy Jim Smith.
Jayne replied: All my info is provided in good faith after hours of countless research. In this market, uranium is still the flavour of the month and that is the main reason for me to buy. Welcome aboard the GSE train.
Before lunch, Crazy Jim Smith was seeing a significant profit on his own investment. He was getting premonitions of $1. But minutes later, Jayne was jumping.
Kauri said:Crazyjimsmith...
Whats the latest on GSE???
</B>
LMFAO.Lucky_Country said:Just something about GSE that make me think there is money to be made
kennas said:LMFAO.It just keeping getting better.
Laughing My f@%ing A!se Off.....There are several variations of this.Moneybags said:Ok Kennas.........you've got me.........what does LMHAO mean.
MB
kennas said:Laughing My f@%ing A!se Off.....There are several variations of this.
Hi All,greggy said:GSE has around 274 million shares and $1.4 million cash.
The share price has gone up to 5.5 cents today, up over 14% now.
At its Mary Kathleen Project GSE is earning up to 75%. The program is targeting uranium mineralisation at the historic Elaine Dorothy prospect and at the recently identified McGregor target.
At Elaine Dorothy, exploration by the previous operators of the former Mary Kathleen Mine, which is located 6kms to the north, identified a significant occurence of uranium ave. 0.28% U308.
The drilling program consists of 1,ooo metres of reverse circulation drilling.
Looks interesting.
DYOR
greggy said:I haven't posted to this thread for a while, but I thought I'd share my thoughts. I first alerted ASF users to this stock when it was 5.5 cents when there was little interest in it. It then skyrocketed from there.
At current prices, having previously doubled my money, I don't intend to buy back in at this stage. I feel that they have had their run for the moment and have since moved on to the next overlooked stock (e.g. YML at 22c). Just food for thought. Good luck to existing holders just the same.
DYOR
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