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(GSL.L) Greystar Resources Ltd Buy/Sell
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| Date/Time | Headline | Source |
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| 20-11-09 | RNS |
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RNS Number : 8217C Greystar Resources Ltd 19 November 2009 TR-1: Notifications of Major Interests in Shares
of existing shares to which voting rights are attached: 2. Reason for notification (yes/no)
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify):______________
subject to notification obligation: 4. Full name of shareholder(s) (if different from 3):
date on which the threshold is crossed or reached if different):
notified:
crossed or reached: 8: Notified Details A: Voting rights attached to shares
CA3979132030
B: Financial Instruments Resulting situation after the triggering transaction
Type of financial instrument Expiration date Exercise/ conversion No. of voting rights Percentage of voting
Total (A+B) Number of voting rights Percentage of voting rights
9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: Proxy Voting: 10. Name of proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information:
15. Contact telephone name: +1 604-689-1428
17. Contact telephone name: + 44 (0)20 7071 5234 This information is provided by RNS The company news service from the London Stock Exchange END
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| 19-11-09 | RNS |
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RNS Number : 8002C Greystar Resources Ltd 19 November 2009
SCHEDULE 5
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS 1. Name of company Greystar Resources Ltd. 2. Name of director German del Corral 3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest In respect of the holder in 2 above 4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified) German del Corral 5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s) In respect of the holder in 2 above 6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary Exercise of an incentive stock option. 7. Number of shares / amount of stock acquired 13,727 8. Percentage of issued class 0.019% 9. Number of shares/amount of stock disposed
N/A 10. Percentage of issued class
N/A 11. Class of security Common shares 12. Price per share C$4 13. Date of transaction 18 November 2009 14. Date company informed 18 November 2009 15. Total holding following this notification 13,727 16. Total percentage holding of issued class following this notification 0.019% If a director has been granted options by the company please complete the following boxes. 17. Date of grant
N/A 18. Period during which or date on which exercisable 19. Total amount paid (if any) for grant of the option n/a 20. Description of shares or debentures involved: class, number
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
22. Total number of shares or debentures over which options held following this notification 23. Any additional information
24. Name of contact and telephone number for queries Sandra Lee, Corporate Secretary, +1 604-488-5427 25. Name and signature of authorised company official responsible for making this notification Christopher Caldwell, NCB Stockbrokers Limited, + 44 (0)20-7071-5234 Date of Notification 18 November 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 19-11-09 | RNS |
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RNS Number : 7998C Greystar Resources Ltd 19 November 2009
SCHEDULE 5
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS 1. Name of company Greystar Resources Ltd. 2. Name of director David B. Rovig 3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest In respect of the holder in 2 above 4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified) David B. Rovig 5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s) In respect of the holder in 2 above 6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary Exercise of an incentive stock option. 7. Number of shares / amount of stock acquired 102,956 8. Percentage of issued class 0.144% 9. Number of shares/amount of stock disposed
N/A 10. Percentage of issued class
N/A 11. Class of security Common shares 12. Price per share C$4 13. Date of transaction 18 November 2009 14. Date company informed 18 November 2009 15. Total holding following this notification 549,317 16. Total percentage holding of issued class following this notification 0.77% If a director has been granted options by the company please complete the following boxes. 17. Date of grant
N/A 18. Period during which or date on which exercisable 19. Total amount paid (if any) for grant of the option n/a 20. Description of shares or debentures involved: class, number
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
22. Total number of shares or debentures over which options held following this notification 23. Any additional information
24. Name of contact and telephone number for queries Sandra Lee, Corporate Secretary, +1 604-488-5427 25. Name and signature of authorised company official responsible for making this notification Christopher Caldwell, NCB Stockbrokers Limited, + 44 (0)20-7071-5234 Date of Notification 18 November 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 19-11-09 | RNS |
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RNS Number : 7997C Greystar Resources Ltd 19 November 2009
SCHEDULE 5
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS 1. Name of company Greystar Resources Limited 2. Name of director Brian E. Bayley 3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest In respect of the holder in 2 above 4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified) Brian E. Bayley 5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s) In respect of the holder in 2 above 6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary Exercise of an incentive stock option. 7. Number of shares / amount of stock acquired 100,000 8. Percentage of issued class 0.14% 9. Number of shares/amount of stock disposed
N/A 10. Percentage of issued class
N/A 11. Class of security Common shares 12. Price per share Exercise price C$4.00 13. Date of transaction 17 November 2009 14. Date company informed 17 November 2009 15. Total holding following this notification 268,100 16. Total percentage holding of issued class following this notification 0.37% If a director has been granted options by the company please complete the following boxes. 17. Date of grant
N/A 18. Period during which or date on which exercisable 19. Total amount paid (if any) for grant of the option
20. Description of shares or debentures involved: class, number
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
22. Total number of shares or debentures over which options held following this notification 23. Any additional information
24. Name of contact and telephone number for queries Sandra Lee, Corporate Secretary, +1 604-488-5427 25. Name and signature of authorised company official responsible for making this notification Christopher Caldwell, NCB Stockbrokers Limited, + 44 (0)20 7071 5234 Date of Notification 18 November 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| Date/Time | Subject | Author | ||
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| 25-03-08 | ||||
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March 25, 2008
Greystar’s David Rovig Knows The Value Of Nose-Rings And Much Else Besides By Alastair Ford “At the end of the day”, says Greystar president David Rovig, “gold is what all currencies are measured at”. That sounds like the start of a very interesting debate, part economic, part philosophic, in which the merits of the world’s relative measures of value are called into doubt. Just what is a currency worth? Perhaps it’s simply what you can buy with it? But trade currencies and then travel across the Atlantic in either direction, and you’ll notice that the price you paid for the money is in no way relative to its purchasing power at your point of arrival. And it’s no accident, either. It’s a deliberate policy of the Fed. So if the Fed is messing with the folding stuff in our wallets, isn’t it worth considering holding a bit of the yellow metal ourselves, just to be on the safe side? And isn’t it the case that dollars are in fact priced in gold, rather than the other way round? It would certainly be a fillip for fans of the long abandoned Bretton-Woods agreement if that were so. So if gold is still the real store of value, just as it’s always been, then what better business to be in than making margin mining it out of the ground? That’s a quick in-the-pub-version of the classic gold bug argument, and, although trained economists can pick holes in it quite easily, the strength of the gold price at the moment is making more noise than any negativity from proponents of the dismal science. Because there’s a further point to be made about gold - it’s easy to understand. Gold is a metal that comes out of the ground. It’s simple. It’s not a credit derivative, or an equity with a nominal valuation quite different from its real one, it’s not something you can print or issue more of on a whim, or manipulate interest on, or re-package and re-sell, and underwrite under another name. So far there haven’t been any bankers who’ve gone bust going long on gold. And David Rovig makes a further interesting observation: “the price of gold nose-rings”, he says, “is up by only a tiny amount”. In other words, the consumer buys gold in such small quantities that, although the price rises do get passed on, the current strength in the gold price doesn’t hurt him or her in the same way as a strong or a weak currency might, or higher or lower interest rates might. Or the credit crunch might. Even if the price of nose-rings is not something that one would think would have an immediate impact on Greystar Resources, all this wends its way back to a simple fact about the company: it’s sitting on 10.15 million ounces of gold measured and indicated up at its Angostura project in Columbia. There’s a further 3.4 million ounces in the inferred category. That’s a resource base that most juniors with an Aim-listing in London can only dream about. It’s reasonably impressive for Toronto too. And the discovery cost per ounce isn’t bad either – US$4.20. Compare that to a gold price dancing around US$1,000, and you can see why Mr Rovig likes talking about gold, nose-rings or otherwise. He’s got to get the money to dig it up, of course. But Greystar’s long-standing London broker Ocean Equities is pretty confident that finance can be found. It could hardly be otherwise. With the notable absence of RAB, Greystar boasts almost every big London name on its share register, not to mention a few impressive North American ones. Any equity raising ought to be a walk in the park, even with the current market jitters. And banks must be falling over themselves to back gold projects, for the very reasons outlined above. Still, that’s all a little way away. Mr Rovig reckons he’ll need an initial US$350 million to get a heap-leaching operation up and running, and a further US$100 million to put in a biox and leaching facility to process some of the more recalcitrant ore. The second, however will more than likely be financed by cashflow from the first. A . . . Read Full Message More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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| 25-02-08 | ||||
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Greystar Feasibility Study Progresses in Colombia
By Andrew K. Burger 24 Feb 2008 at 11:20 AM GMT-05:00 BAKU, Azerbaijan (ResourceInvestor.com) -- The pieces are coming together for Greystar Resources [TSX:GSL; AIM:GSL] as it moves towards completing a feasibility study for the Angostura deposit in northeastern Colombia. Progress is being made regarding efforts to determine and evaluate metallurgy, rock mechanics, environmental monitoring and infrastructure requirements, as well as strengthening community relations, according to a Feb. 20 media release. Aimed at upgrading intervals of higher grade gold-bearing ore from the Indicated to Measured Resource category Greystar is carrying out a 40,000 metre in-fill diamond drill program in selected areas, an effort that is expected to be completed in Q3 2008. Tonnage estimates at Angostura increased 8.4%, gold grades rose 2.6%, and Measured and Indicated Resources increased 11.1% following the completion of a similar effort within the core of the deposit’s Perezosa tunnel in 2006, Greystar executive vice-president Frederick Felder, noted in the release. “The current drill program is in the early days but the values from the late 2007 in-fill drill program are showing confirmation of the continuity of higher-grades with hole DM07-12 returning 13.87 grams gold per tonne over 5.25 metres and 17.24 grams gold per tonne over 5.4 metres,” he added. Opening Up Angostura Greystar holds mining concessions covering just over 30,000 hectares in northeastern Colombia near the Venezuelan border 55 kilometres by road from Bucaramanga, a city of approximately one million people. Management has steadily and in a cost-effective manner been defining and expanding Angostura’s gold and silver resources. Nearly 267 thousand metres of drilling has been completed as of February. Inferred Resources were converted to the Indicated Resource category at a 246% rate between 2004 and August 2006 at a cost of C$4.20 per ounce. According to a December 2007 resource estimation update, Angostura hosts an NI 43-101 compliant Measured Resource of 88.49 million tonnes of gold and silver grading 0.79 grams and 4.0 g/t, respectively, and an Indicated Resource of 145.826 million tonnes grading 1.69 g/t gold and 8.0 g/t silver. This translates into 10.15 million ounces gold and 37.76 million ounces silver, which is contained in 234.32 million tonnes of material grading 1.35 g/t gold and 7.3 g/t silver, according to company information. An additional 3.43 million ounces of gold in 77.7 million tonnes grading 1.37 g/t is estimated and categorized as Inferred Resources. Latest results from the 25-metre interval in-fill drilling program also included 5.16 g/t gold over six metres, 3.72 g/t gold over 10.65 metres and 40.4 g/t gold over 3.85 metres. Higher grade intervals were not drilled to sufficient density in the company’s December 2007 resource estimate to qualify as Measured Resources according to NI 43-101 criteria. Some two-thirds of Greystar’s 2008 drilling program will be dedicated to upgrading and better defining these higher grade intervals, according to management. Determining Feasibility Drilling activities currently underway also aim to improve Greystar’s understanding of areas of the Angostura deposit outside Perezosa, as well as identify new targets. Underground development work at Perezosa includes more than 2,500 metres of drilling from 56 drill stations Underground work is progressing at Veta de Barro, where the deposit has been opened approximately 200 metres higher above the workings at Perezosa. Drilling has advanced 85 metres and a 158-metre pilot drill hole from within the drift has been completed. New target exploration is underway and the first drill hole testing to 409.1 metres has been completed at the Las Animas target approximately one kilometre south of the main Angostura deposit and the diamond drill rig is being moved 250 metres south. Moving to . . . Read Full Message More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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| 28-12-07 | ||||
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December 27, 2007
Greystar’s Angostura Deposit Is Of Size To Attract A Predator Back in 2004 when it was hardly a year old Ocean Equities acted for Greystar Resources when it decided to get a dual listing on AIM. Its reasoning was simply that London was more pragmatic about companies operating in Colombia than North Americans. Ocean Equities proved that it had the ability to pick clients as Greystar has gone from strength to strength over the intervening years and does not appear to have encountered any serious political problems in Colombia. The company’s focus is on the Angostura gold silver deposit in the north east of the country and it is now preparing for a feasibility study on what should prove to be a long life mine. In the last couple of days Greystar has come out with a revised resource estimate of 10.15 milion ozs gold and 49.84 million ozs silver in the measured and indicated categories. This is 37 per cent more than the indicated gold resource estimate at the end of last year and now represents 75 per cent of the total gold in the mineral resources. Frederick Felder of Greystar points out that “this new resource estimate continues to show the expansion potential of the very large Angostura deposit. The addition of measured resource estimates marks a milestone for the project and Greystar’s exploration team will focus on further expansion and upgrades at Angostura, with particular attention to lowering the waste rock ratio and examining a staged production scenario starting with the oxide mineralization and transitioning into the sulphide material all leading to a feasibility study starting in 2008”. Ocean Equities is clearly delighted with Greystar’s progress and highlights the fact that a significant portion of the previously indicated and inferred resource has moved into the measured category. This resource update includes results up to October from 717 drill holes totalling 244,443m and is an update from December 2006. During that time the resource in all categories has increased from 11.6 million ozs to 13.6 million ozs and it is worth noting that plenty of junior gold exploration companies have considerably less than 2 million ozs as a global resource so Greystar stands out as a success story on a world scale. The ounces in the measured and indicated categories now total 10.2 million ozs which is 75 per cent of the global resource, compared to 7.4million ozs which was only 64 per cent of the global resource previously. This greater confidence will improve the economics of the deposit as it is highly likely that a greater number of ounces will now be mineable than previously considered. The grades of the new resource statement are consistent with previous levels and the grade of the measured and indicated ounces is 1.35g/t, a negligible increase from the previous 1.33g/t and Ocean Equities is happy that the grade of the potential run of mine ore remains the same. The broker then goes on to say that more important for the economics of the project than the increase in total ounces is the increased numbed of ounces of oxide material, which is now 2 million ozs grading 1.07g/t in the measured and indicated categories compared to the previous 1.5million ozs at 1.13g/t. This increase of half a million ounces should have two very positive effects on the economics of the mine for two reasons. First, the estimated recovery from oxide material is 91 per cent as opposed to just under 80 per cent for sulphide material which means that a greater number of ounces will be recovered from the ore at no extra cost as the ore would be mined and processed in exactly the same way whether it was oxide or sulphide. Second, it is looking increasingly likely that the staged process of an oxide only operation moving to a full oxide + sulphide operation will be achievable, which will reduce the initial capital required for the project. Interestingly Greystar now seems to be trading at an enterprise value of US$ . . . Read Full Message More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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| 28-12-07 | ||||
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Colombia announces gold find that could double production by 2011
The Associated Press Thursday, December 27, 2007 BOGOTA, Colombia: Colombian authorities have announced a major gold find that would double the country's production of the metal by 2011 and which they claim could prove to be one of the 10 biggest deposits in the world. A foreign mining company uncovered the deposit and informed the government, which announced the discovery last week but said details would not be released until February. But President Alvaro Uribe appeared unable to hide his excitement last week. "How am I going to keep a secret this big until February?" Uribe asked in a Dec. 20 speech, revealing that Mining and Energy Minister Hernan Martinez had that morning told him of the discovery, which will require an initial US$2 billion (€1.38 billion) investment and will double the nation's gold output by 2011. Authorities didn't give the name of the foreign mining company, but Bogota's El Tiempo newspaper reported that the deposit is in the central state of Tolima, and was discovered by Johannesburg-based AngloGold Ashanti Ltd., one of the world's largest gold producers. Charles Carter, spokesman for the company, on Thursday confirmed that the company has an active exploration program in Colombia, but declined to comment on El Tiempo's report, saying it was "premature to discuss" any of the company's specific findings. AngloGold Ashanti has projects in 10 countries on four continents, including the U.S., Brazil, Russia and China, its Web site states. The company has been actively exploring for gold in Colombia since 2000, and has two large drilling projects in the country's center, along with six other "early-stage" projects. High gold prices, which have nearly tripled in the last ten years, are pushing mining companies to boost exploration efforts, the Bogota-based newspaper said. But in Colombia, yearly gold production fell by more than half last year to 15.7 tons from 37.7 tons in 2005, El Tiempo reported, citing the nation's mining institute, as attacks and harassment by leftist rebels forced many mines to close. More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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