Entries by Wally Graham

Crusader Resources extends Borborema gold project.

Drilling at Crusader Resources’ 100% owned Borborema gold project in Brazil has extended gold mineralisation to 3,350 metres along strike and at depth. Crusader has completed 22,000m of a planned 25,000m program and has said it is now confident it will be able to significantly expand the current Indicated and Inferred Mineral Resource estimate of […]

IPO Watching

A game that is always popular at the Resources Roadhouse is one we call, “IPO Watching”. The rules are simple enough. As each Initial Public Offering listing hits the boards we make a hypothetical purchase of 10,000 shares at their issue price, add it to the Resources Roadhouse watchlist and sit back to see how […]

ASX conditionally approves GGG Resources listing

 AIM-listed Western Australian-focused resources company GGG Resources has received formal conditional approval to be admitted to the Official List of the ASX. GGG closed its Australian share offering on 2 May 2011 having accepted applications for just over 20 million shares at an issue price of 40 cents, raising $8.03 million. The company is currently […]

Karoon Gas eyes semi-submersible drill rig for Brazilian program.

ASX-Listed Karoon Gas, operator of five blocks in the Brazilian Santos Basin has signed a letter of intent to contract with Dolphin Drilling, for the “Blackford Dolphin” semi-submersible drilling rig. The final drilling agreements are subject to final negotiations, which Karoon expects to be completed by the end of June. The letter of intent covers […]

To BUY or not to BUY?

A recent communiqué to hit the Roadhouse telex machine informed us that Shaw Stockbroking had reduced its recommendation for Exco Resources from BUY to ACCUMULATE. What does that mean? There was some consternation amongst Roadhouse staff at this particular recommendation as we weren’t entirely certain how it would be possible to accumulate any particular stock […]

No Logie but plenty of Gold

Gold is never far from our centre of attention these days and neither are the companies that are, or are about to be, producing it. Subiaco-based Crescent Gold recently came in from a 21 day ore processing campaign through Barrick’s 3.8 million tonne per annum Granny Smith gold processing mill. The ore is being mined […]

Sir Lunchalot – Emergent Resources

Sir Lunchalot – Emergent Resources Nathan Lude chief executive officer of iron ore hopeful Emergent Resources recently popped into the Roadhouse to catch up with Sir Lunchalot over a steak sandwich. Emergent Resources is a junior diversified explorer that listed on the stock exchange in August 2008. The company is currently focused across, what it […]

On the Ground – Lady Annie copper mine

On the Ground  – Lady Annie copper mine Hong Kong-listed resources house CST Mining vice-chairman Owen Hegarty stopped by to invite Resources Roadhouse to check out how rapidly the company was advancing the reborn Lady Annie copper mine outside Mt Isa in Queensland. First off a brief history. The Global Financial Crisis of 2008 hit […]

Sir Lunchalot – Horseshoe Metals

Sir Lunchalot was recently paid a visit in the Roadhouse dining room by Horseshoe Metals managing director Neil Marston. Horseshoe Metals listed on the Australian Securities Exchange in July 2010. Although its history is relatively short the company has managed to produce a good deal of excitement for investors so far. The copper gold play […]

A very brief introduction to the JORC Code

Mining and exploration companies listed on the ASX are required to report in line with the JORC code, but what is the JORC Code? The Joint Ore Reserves Committee (JORC) Code sets the minimum standard for public reporting of Exploration Results, Mineral Resources and Ore Reserves in Australia and New Zealand. Also known as the […]