Great day
posted on
Jan 11, 2011 04:12PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Nice rise on unusually large volume. Love the new presentation and i remember talking to Sasha about those tonnage targets and the ones on the presentation are very conservative. Which is nice to see because we are positioned to out due those results and should really help the SP out if we do.. Here is an email to Sasha posted on SH for those who haven't read it. I liked the bit about the second drill
- I emailed Sasha at GNH with regards to the JDM transaction and he has confirmed that JDM has been a GNH shareholder for *many years* and that the 281,000 shares that were sold were from their 2008-2009 funds which were bought at a much lower price than today's share price. He has spoken with JDM and they remain committed shareholders and believers in the resource GNH is trying to prove up. He is not concerned. In closing, I will suggest that for JDM to have invested $3.7 Million dollars in this latest private placement where they are committed to holding them until at least April, this should be viewed as a vote of confidence imho. And even if we assume JDM do not have any "official insider information", it would seem quite realistic to presume that a considerable amount of previously delayed news and results can be expected from GNH in the next 3-month period. -Dragon50
- Sasha cannot comment on a second drill being added to the site because they are still trying to source one that might be available from their contractors.
- Thousands and thousands of samples were sent to the labs that GNH uses (Act Labs in Ancaster, ON) and Mr Hoover has already previously articled in another forum on the lab naming convention errors/delays/etc that transpired which have led to the reporting delays and that GNH decided to "take the heat" instead of blaming the lab.
I would probably do the same thing as it would achieve nothing to publicly bash the lab. What would that accomplish anyway?
- They completed all their six holes that were being drilled at Laval Mountain by December 23.
Best regards,