Friday, July 31, 2009

GBM Resources (ASX GBZ) has a DeepLode

Malmsbury is now a very quiet village since the Calder freeway passed it by. Its excellent bakery and fine food outlets are still managing well because of the quality of their produce. Very soon Malmsbury may be on the map for a different reason. The early gold miners in this region were restricted by their inability to go deep. But no longer of course!!
Malmsbury, Deeplode was told tonight, has gold but it is buried deep below the calm of this village. Deeplode enjoyed some local wines this evening..Black Jack Shiraz.. and during chat discovered that GBM Resources (ASX GBZ) has its hands on a deep high grade gold deposit under two hills close by the town.
DeepLode as usual urges caution and suggests readers go to where posters are much more enlightened.
But it appears to be a buy which DeepLode will do!!!

Wednesday, July 1, 2009


Azumah (ASX: AZM) is named after triple world boxing title holder Azumah Nelson.
This Perth-based explorer that has made gold exploration in Ghana its focus since listing in January 2006 based on its latest announcements seems to be getting to the final round in its campaign to get its WA-Lawra project in the north-west of mining friendly Ghana into production and a four-kilometre long gold corridor will certainly help!
Azumah’s aim of getting its gold resource into the region of 1 million ounces looks to be achievable with some to spare because of its rather huge coverage of the prospective belt that has made West Africa a hot spot for gold discoveries.
And all this for about 0.14c a share.
Of course Opes and Croesus did not help with their forced selling last year.
But Stephen Stone the chairman of the company bought up over 3 million of those!
And Macquarie Bank last year soaked up a A$2 million share placement subscribing for 12,150,000 fully paid new ordinary shares at an issue price of 16 cents per share Macquarie is now Azumah’s largest shareholder with an equity position of 13%.
And Stock Analysis says it is a buy with a valuation of .32
After Deeplode’s dinner tonight with some contacts from Hong Kong that valuation looks conservative.
But Deeplode has no expertise in such matters and suggests readers go to the thread on where much can be learned!

Deeplode acknowledges news reports.