Here is a chance to get in near the bottom of potentially a very exciting prospect.

http://moneyam.uk-wire.com/cgi-bin/articles/20060328083735PAEAF.html

START OF DRILLING

LONDON - 28 March 2005

Central China Goldfields plc (AIM: GGG, GGGW) announces that its Chinese Joint
Venture Company, the Sichuan Snow Mountain Mining Exploration United Centre,
has signed a drilling contract with Victor Geological Exploration Inc
("Victor"). Victor is a wholly owned Beijing-based subsidiary of Nahanni
Drilling Corp. of Canada. The contract is to drill approximately 1,200 metres
in the Songpanguo (SPG) deposit in the Baima area, in the Snow Mountain
Project, Sichuan Province of China.

Drilling will also commence soon at Shuiniujia (SNJ), another deposit in the
Baima area once drill access is made available by mid-April.

The drilling programme is scheduled to commence in mid-April 2006 at Songpanguo
and late-April 2006 at Shuiniujia.

In addition, a series of underground tunnels (adits) totalling over 2,200m and
trenching totalling 2,250m will be undertaken in both deposits. The drilling
and aditing/trenching programme is intended to test the depth and lateral
continuation of these two deposits. Our partner the Sichuan Bureau of
Metallurgy and Geological Exploration ("SBMGE") has calculated inferred
resources of the SPG and SNJ deposits of approximately 200,000 oz. and 140,000
oz. respectively. These resources are not compliant to international standards.

The programme will be supervised by Exploration Manager, Ciceron ("Jun")
Angeles MSc FAusIMMM, who is qualified as a Competent Person under the
Australasian Code for the Reporting of Mineral Exploration Results, Mineral
Resources or Ore Reserves ("The JORC Code") of the Australasian Institute of
Mining and Metallurgy, and Project manager Roberto Tan BSc.

Dr. Jeff Malaihollo commented "Our exploration programme in 2005 confirmed
previous work conducted by the SBMGE. This year we intend to add to the
resources by drilling and tunnelling. We look forward a very exciting year of
development."

The AGM is next week so, hopefully, a bit more news at that time. I am going to try to get there so will keep you posted if I do.

;o)

Hi Ian,

I decided to start looking at some of the small miners after reading this article "Expert Favours Small Cap Stocks"http://www.resourceinvestor.com/pebble.asp?relid=18597.

After doing some resarch on the mining sector for smaller companies I came up with two companies which are exploring in China. One happens to be this company for the reason stated above by yourself and the other South China Resources - SCR for their latest Landmark agreement with the chinese authority both companies IMHO have excellent prospect. However anyone thinking of investing in such small companies please DYOR.

An excellent RNS just released. This explains the rise in the SP and current buying. I have a feeling lot more people will be buying as soon as people realise the potential of this company.

Central China Goldfields PLC
10 April 2006



Central China Goldfields plc
('GGG' or 'the Company')

APPROVAL FOR HUBEI XIANG SHUI TAN GOLD INC.


LONDON - 10 April 2006 - Central China Goldfields plc (AIM: GGG, GGGW) announces
that the Company has received unconditional approval from the Hubei Provincial
Government for the establishment of a Sino-Foreign Joint Venture Company called
Hubei Xiang Shui Tan Gold Inc.

The Business Licence for Hubei Xiang Shui Tan Gold Inc. will be issued shortly.

Exploration work at the Xiang Shui Tan Project, supervised by Exploration
Manager Jun Angeles MSc FAusIMMM, will commence in May 2006 with the aim of
confirming the resources previously defined by our partner the Hubei North East
Geological Team and to identify the potential for porphyry copper - gold style
mineralisation.

Details of the Xiang Shui Tan Project and the Joint Venture terms are contained
in the news release of 15 November 2005.

i'm in, it should go well with my SCR in the long term portfolio. IMHO
Alex

where tomorrow,some healthy buys after close,or are they sells,as long as they follow scr there is nothing to worry about.

I lifted this information from another BB, I hope the poster wont mind.

This company has brilliant management team, Billiton's ex China general manager, and Billiton's ex China selection consultant, plus 4 more 1st class directors, still got a market cap of around 5m. The company has the management and the prospects in Sichuan and Hubei provinces.

The politics are good, the Chinese correct, the licences are in place and the exploration results are coming in. There is talk of a producing mine being purchased.

This is a company which is not surrounded by outraged campesinos, useless and corrupt politicians and a country in turmoil, instead it is in joint venture with the Chinese authorities in the fastest growing country in the world.

Drilling is underway now in the Snow mountains and there is a lot more to come !.

Need to be cautious with the Chinese as lots of corruption going on

Another good news for the company.
Central China Goldfields PLC
11 April 2006



Central China Goldfields plc
('GGG' or the 'Company')

CENTRAL CHINA SIGNS MOU ON DONG MAO HUO GOLD MINE


LONDON - 11 April 2005 - Central China Goldfields plc (AIM: GGG, GGGW) has
signed a Memorandum of Understanding ('MOU') to enter into a Cooperative Joint
Venture Contract ('Joint Venture') with the Shandong Zhengyuan Geology &
Resource Co. Ltd. ('Zhengyuan') over the Dong Mao Huo ('DMH') gold mine and two
exploration properties in Inner Mongolia.

The Dong Mao Huo mine has total resources, reported by Zhengyuan to
various Chinese standards, of some 4.2 tonnes or approximately 135,000
ounces of gold.

The Joint Venture includes one Mining Licence covering a 0.26km2 area
and two Exploration Licences, covering an area of 9.26km2 with a small scale
operational gold mine within the Mining Licence area

The Company have contracted CSA Australia to conduct an independent
geological evaluation of the mining and exploration potential of the Dong
Mao Huo mine and exploration properties to estimate the commercial and
mining parameters associated with a possible expansion of the current
operation.

GGG, through a newly established 95% controlled BVI-Registered company
can earn up to 80% of the Joint Venture Company by spending Chinese Renminbi
(RMB) 25 million (approximately US$ 3.125 million) in exploration and
development over 3 years and RMB 7 million (approximately US$ 875,000) as
property payment.

GGG can purchase the remainder 5% of the BVI-registered company for
cash and/or shares on the basis of an independent valuation.

Dr. Jeffrey Malaihollo, Managing Director of Central China Goldfields,
commented: 'This will be our third Joint Venture in China and the first one on a
producing mine. We are looking for ways to increase the production of DMH mine
and at the same time explore the surrounding areas. The DMH mine will compliment
our advanced exploration projects the Snow Mountain area in Sichuan and the
Xiang Shui Tan project in Hubei and our grass roots exploration in the Maqu
Block of Northern Sichuan. We have built a strong base for the Company to grow.'

The DMH gold mine is located about 210 km west (3 hours' drive) of Hohhot, the
capital of Inner Mongolia, China. The area is served by paved and dirt roads.
The Joint Venture consists of one Mining Licence and two Exploration Licences.

There is a small scale operational gold mine within the Mining Licence area. The
mine is exploiting oxide gold resources hosted by 60m wide quartz porphyry dyke.
Oxidation is down to 40 metres deep. The ore is crushed and treated by heap
leach on site. Loaded carbon is sold to local refineries.

Zhengyuan reported that the mining area has total inferred resources of 4.2
tonnes of gold (135,000 oz) in the Chinese 332, 333 and 334 categories. Within
this is a resource of 800,000 tonnes @ 3.27 g/t Au (circa 2.6 tonnes or
approximately 84,000 oz. of gold), 11.8 tonnes of silver (380,000 oz.) @ 14.27
g/t Ag and 527 tonnes of copper @ 1.04% Cu in the 332 and 333 categories. The
resources calculated comprise undifferentiated oxide and sulphide ore. These are
contained in four steeply dipping lenses with widths of 1.5-4.75 metres and
tested only to a depth of 70-150 metres. Copper oxides (malachite and azurite)
were observed in the waste pile.

The DMH mine lies at the intersection of three major structural trends: the
Bayan Obo (SE trending), the Zhartai Mountain (EW trending) and the Yinshan
Duanlong (NS trending) faults. Other mineralisation in the area consists of iron
(magnetite) with Rare Earth Metals mine (Bayan Obo, reported to be the largest
Rare Earth mine in the world, is approximately 90 km away from DMH).

The Exploration Licences cover the area surrounding the mine and include the
Nadoa Bugai area, approximately 2.5 km to the west of the DMH mine. An abandoned
pit dug by local miners exploited oxide gold at Nadoa Bugai.

The area between DMH mine and Nadoa Bugai is covered by desert cover. There is a
mine shaft about 1km west of DMH mine which is exploiting magnetite. The
magnetite is hosted by gneissic biotite diorite cut by stringers of red orange
potassium feldspar, haematite and epidote. Central China Goldfields interpreted
this to be an area of possible porphyry copper-gold mineralisation.

Central China Goldfields plc, through its 95% controlled BVI-registered company,
has the right to earn a 80% interest in the Joint Venture Company by spending
RMB 25 million (approximately US$ 3.125 million) in exploration and development
over 3 years and RMB 7 million (approximately US$ 875,000) as property payments.
Upon GGG earning the 80%, should Zhengyuan choose not to contribute further, GGG
can increase its interest to 90%. On dilution to 10% Zhengyuan would be
free-carried. The total costs of investment would be returned to the
participants prior to distribution of profit.

The property payment is scheduled such that RMB 3.5 million (approximately US$
437,500) is due upon the issuance of the Business Licence. RMB 2.1 million
(approximately US$ 262,500) is due upon the transfer of all Mining and
Exploration Licences and geological data to the Joint Venture company. The
remaining RMB 1.4 million (approximately US$ 175,000) is due 1 year after the
transfer of Licences.

Central China Goldfields plc has the right at anytime to purchase the remaining
5% of the BVI-registered company, which is held by Goalfirst International
Limited, valued by an independent third party, using cash and/or shares at the
average mid-price of the prevailing previous 20 days of trade.

The Company has contracted CSA Australia to conduct an independent geological
evaluation of the mining and exploration potential of the DMH mine and the two
Exploration Licences to facilitate an estimation of the commercial and mining
parameters associated to a possible expansion of the current operation. Legal
due diligence is being conducted by Capital Law Associates of Beijing.

These resources are not defined in accordance with internationally recognised
standards such as JORC, NI 43-101 or CMMI and should not be relied upon.
Nevertheless, management has received data supporting these figures and consider
them to be relevant.

Technical information in Company news releases has been reviewed by Ciceron
Angeles MSc. FAusIMM who is the Company's Exploration Manager and is qualified
as a Competent Person under the Code for the Reporting Mineral Exploration
Results, Mineral Resources and Mineral Reserves ('The Reporting Code') prepared
by the Australasian Institute of Mining and Metallurgy. Mr. Angeles has not
verified the resources quoted.

hi new to thread, on the move up again this morning.

anyone know why there has been such a hike in SP in the last two days, i sold out y/day with a nice profit only to find it went even higher today!!
Alex

My employers held a principal position in this company since its inception . Considering 75% were bought for "hi value clients {1m + } and 25% retained by the house it would not be unreasonable to suggest this has all the hallmarks of a flyer . Through grapeveine i heard small cap experts/ specialists "Wills and Co " also took a principal position . And believe me this is a very cautionary "niche " company what with its roots in Ofex trading . As reg GGG: The uniqueness of this companies position is surely not lost on any of you . lt will be a volatile ride > A traders dream .But the end game will be success .. ...For the record i hold a fair few of these lest people think i am ramping

My employers held a principal position in this company since its inception . Considering 75% were bought for "hi value clients {1m + } and 25% retained by the house it would not be unreasonable to suggest this has all the hallmarks of a flyer . Through grapeveine i heard small cap experts/ specialists "Wills and Co " also took a principal position . And believe me this is a very cautionary "niche " company what with its roots in Ofex trading . As reg GGG: The uniqueness of this companies position is surely not lost on any of you . lt will be a volatile ride > A traders dream .But the end game will be success .. ...For the record i hold a fair few of these lest people think i am ramping

I was in earley yesterday with a hefty six figure some invested , am already reaping a 28% profit , will hold for as long as I can as a I'm moving houses soon !

Sorry , I meant five figure sum not six !

8.9 g/t Au is this a good concentration of gold...... do not know much about mining

What the Indicators are signaling

A bit negative at the moment, on the middle of the road on this retracement

Blunter than Master RSI, I would recommend taking your profits

Nice to see these are making a bit of a recovery .

http://www.goldletterint.com/artikel/CENTCHINAGLDF_Special_UpdateJuly06.pdf

Very interesting itam , thanks for that . 30p target price -time to stock up I think

News from tibet soon I feel .

Good news seems to follow good news, but still no possitive movement in SP. I feel that the price may drop a little further whilst warrants are exercised. Maybe 10p plus spread. Once this starts to move I feel there is no going back. Have your cheque books ready boys I feel a good christmas coming on.

Lets hope so .

huge potential here massive copper find at nimu - will be 30p+ by xmas - great mgt - great company

More good results today . We should see a rise in the sp .

Well something is causing the share price to rise , I was in on Friday.

I noted the fall back and now its shooting up .

Looks like their buying 50% of mcmc , and the other 50% later ?

Moving nicely in the right direction. Long may it continue. Results of Majestics drilling program at the Song Jiaguo Project, are out.

Moving again, com on my babby.

Great volume today - good buying - something in the offing.

We have seen a steady rise , but needs to get back up to 18p and over .

Multi project, multi commodity gold/copper, great management, gold producer 2007 and an breathtaking copper prospect at Nimu

News expected soon, financing, jorc update, more drilling gold, trenching copper

Strange price movements in middle of day, maybe letting institutions in. Its about time they paid the proper going rates like the rest of us. After all, if it wasn't for the private investor, these companies would not have raised their initial capital that got them to where they are now.

Market makers shaking the tree before financing news is released.

Great time to top up.

Shaking the tree? its like their chopping it down. Great time to place a few limit orders to test the water. Name your price and take a chance.

GGG to raise 4 million at 12p per share, this makes the total shares in issue raise to 115.34 million from 82.01 million. This is equivalent to a 40% dilution based on current market capitalisation.

Still the most undervalued company on AIM

Majestic deal off for now. Cant agree settlement rates. Have used capital raised to purchase 3 million Majestic shares instead. Will now accelerate Nimu and Snow mountain into production whilst looking for further opportunities in China.

Latest RNS is very positive, up 3.5 times as much gold as previously expected in snow mountain. Company now looking for more lisences in surrounding area as these formations occur in clusters.

in answer to the Q that has just been asked of me, i really cannot see it to be wrong to take at least some profits here ..... as the chart shows, rsi is now heavily o'bought and there is also historical resistance around this level

Reasons to buy GGG.

1. Nimu from the information to date indicates a very large find of copper.
GGG have outlined they are to inform the market with Drilling results every 3 weeks, from May through till December.

2. Snow Mountain is to have outlined over 1 million ozs in gold.

3. Over 4.5m in cash in the bank

4. Great Management team.

5. Strong demand for stock.

6. A number of institutions are watching GGG to review drill results from NIMU before committing.

7. Chart is trending nicely - upwards.

If i have missed anything feel free to add - My price Target 50p by December!

Sorry johnma but price target was 30p by xmas last year. I do hold and have faith that true value will come through in the end, but 50p by year end, why? If the value is already there it would be 50p now wouldn't it.

seemingly quite stern resistance ahead at 15

Bought some this morning. Prospects look good IMO. To a point I share Cynic's concern that this may encounter some headwinds. However, I think that the current climate with miners is that the market is putting its faith in them again. The first drill site at Nimu will probably be taken as an indicator of the prospectvity of all of the nimu sites, so if the results are good we could see quite a bit of uplift in the SP.

Just conjecture, please don't take me too seriously and don't invest what you can't afford to lose.

A very welcome tick-up today: GGG Bid: 12.75p Offer: 13.5p Change: 0.625

Further move up today now 13.50 - 14p +0.875

Someone said somewhere else: Tipped in Shares Mag this morning

wonder if true, but drilling results expected shortly from NIMU

A chart I made yesterday

And the improvement increases: GGG Bid: 13.75p Offer: 14.25p Change: 1.125

Trading volume almost 1 million already today, normal peak volume being about 2 mil, giving hope that we could be on for a very good day (and I sure hope so, cos my break-even is 15p!).

Good luck to all.

Still going! GGG Bid: 14.25p Offer: 14.75p Change: 1.625

Seems to be picking up finally, been in this since around 10p, lots of potential IMHO, hopefully a turning point for the forseeable future!

Good Luck.

Great day - great volume - nice price rise.

Just for any new comers to the board.

Invested in GGG in july 05 - amongst my friends and I we are holding over 8.5 million shares.

Reasons why

1. Great Management Team - with good experience in these markets.
2. Healthy cash balance
3. Portfolio of projects with NIMU looking to be something very special
4. China and India being the region to be in.
5. Good Institutional support with JP Morgan and Genesis
6. Large Private Holders in CML Smith and P McGroary

- Market is short on stock
- We have drill results between now and December.
-
Target for December is 50p - 1

Don't be in a rush to sell as the smart guys run the distance.

Looking like another lovely day in GGG-land!! GGG Bid: 15.25p Offer: 16p Change: 0.625, up 10%, 1.6 mil traded, so we could have a simialr day to yesterday.

Hi st, with regaurd to your last post on TMC, this is one place to keep something invested. Other newish oily's to look at maybe HAWK, and TOM.

Thanks mate! HAWK is certainly one that has legs - a pity one can't invest in everything at once!

Yes, GGG looks good. I expect that the current drilling at Nimu will be viewed as a barometer for the likely success of the other locations on the licence, so could be quite exciting. I have taken a long-term position in this one, so am expecting rewards over the rest of the year.

soul* .... you're well out of HAWK ....... cos i have rashly bought it!

hi cynic i was looking at hawk 2 days ago.. what do you think not so good ??...what about GGG....iam thinking of buying next week soul traders or cynic your view i no it long term but i think this could be big

you misread micky ...... i only warned off soul* cos i have the kiss of death

We had a BREKOUT last Friday from this chart last Thurday.........

Ticking back up today, anyway: GGG Bid: 14.25p Offer: 15p Change: 0.5 Not huge volume so far, at 263K, but might pierce the average by day's end.

GGG Bid: 15p Offer: 16p Change: 1.375 1.6 mil traded. Buy:sell 14:1 :o)

Master RSI, I guess this confirms your breakout?

WDIK, though - PDYOR

Dear All

Central China Goldfields has a huge upside - the market is in demand for the stock.

Current Analyst recommendations are anything between 50p by December 2007 with 3 within 24 months.

The company has:-

1. Great Management team
2. Good Shareholders
3. Strong Finance in place
4. Portfolio of projects - with NIMU providing a huge upside. / Snow Mountain is looking very interesting.

Good luck to all - great time to buy.

The company has indicated it will provide drill results every 3-6 weeks from NIMU.

That's all very good if it's accurate, Johnma. Are you able to post any of the analysts' reports?

A strong finish today: GGG Bid: 15.75p Offer: 16.25p Change: 1.875, up 13% on 2.4 mil traded (and I'm finally profitable!)


From proactiveinvestors.co.uk, dated 16th MArch 2007:

A recent broker note from Hanson Westhouse makes a case for Central China Goldfields shares to be worth 26p a share - having discounted the Nimu project to 1.0% its potential in situ value.

Central China remains very excited about the potential size and value of Nimu. Yet as an exploration junior in China, there is always going to be a large element of risk in the shares. As drilling results come in from Nimu, the market will be waiting with bated breath to see if Central China has hit the jackpot and found a thick, continuous, copper oxide deposit that would transform the company overnight.

Link: Read GGG article here

26p would be a good start :o)

Wishing all of you a good weekend .
ST

Me like : GGG Bid: 16.75p Offer: 17p Change: 0.875 2.5 mil traded, quite reasonable volume, and the spread is priced in favour of buyers.

seems to be worth a look. doing so.

certainly so lizard.
just the start.

agree majordeal.

mdeal- do you know what day the agm is next week?. interesting events lately may go.

majordeal, any news why the drop in sp?

unless they know something we dont?. i would guess profit taking after recent strong run.

its a risky stock but im holding on.

i understand the agm went well. 30 deals on the table.strong cash position.

Dear All

Copy of yesterdays presentation - interesting read and an explanation for todays rise.

1. Nigel's

http://www.ccgoldfields.com/admin/Presentations/Docs/CCG%20AGM%20JUNE%202007F.pdf

2. Juns

http://www.ccgoldfields.com/admin/Presentations/Docs/AGM%2020070621_jun.pdf

it did lizard.
(AGM) impressed with the potential and pipeline of deals. worth reading johnma's links (Juns more technical).

doubled up this am.

cheers majordeal.
very interesting read. looks like they are well positioned at an early stage for the China mining rush. some good prospects with more in the pipeline and a strong cash balance.
may follow you next week by investing after the agm presentation.

bought a few after recent drop. some interesting licenses. as usual the drop comes after strong run and wait on drilling outcomes.

did not expect such a fall back from highs. anyone any thoughts before i put some size in here. does anyone know anything i should?.

put some decent cash in this am. encouraging update better mineralisation .

media comment, click HERE

MM's target price 9p. This is a buying opportunity for longer termers like me.

I bought in at 8.25p last week in Aug and sold at 10.25p a week later.
I bought in at 9p today and aim to sell in a few days at 11p approx.
I shall continue to do this whenever the mm's force the price down, as its proving very profitable.

BUYING OPPORTUNITY NOT TO BE MISSED.

Oily.....any idea when these guys are likely to start production

News and comment, Click here

Andy,

Just bought into LRL, which do you rate the best GGG or LRL. I bought GGG a while back but sold when they had some trouble on misleading investers regarding another company not sure on the precise details offhand.

GGG are presenting in London on Monday 26th November @ 18:00.

Registration details click HERE

Other companies presenting are Weatherly (WTI) and European Diamonds, (EPD), who are now known as Kopane Diamonds.

Proactive Investors One2One Forums

Monday 26th November 2007

Each company will present for 20 minutes with 10 minutes Q&A to follow. After the presentations are complete the directors will be available to take questions during a free canapand wine reception which will be open until 9pm

5:45pm for a prompt 6:00pm start at the Chesterfield Mayfair Hotel 35 Charles Street, Mayfair, W1J 5EB


Nearest tube station is GREEN PARK

i see that i warned you guys about this company several months back and advised taking profits ...... i certainly see no good reason to buy into this scallywag company (see Andy's comment above)

great presentation the other night!

News, click HERE

and market clearly seriously underwhelmed .... buy at your peril

as is often truly said, a picture paints 1000 words

But you never know what a bit of news may do! .............

Amber,

absolutely, good luck this week!

Media comment HERE

well if that was the result of good news, lucky for you guys it was not negative!
this stinks!
have frequently warned that when dealing with China and Chinese stocks, one should at the very least wear rubber gloves

Morning Cyn. I always check you out fist thing for a little laugh. LOL. Never fails. Thanks.

pleasure ..... for you i'll even apply some KY!

Cynic,

lol!

Drill result HERE

not much positive in that report ...... KY def needed to avoid significant pain, even if withdrawing!

I think this may run out of cash soon. The chart looks feckin' orrible.

dp,

I certain think they will ned to raise funds soon, but probably not all equity.

AVOID!

New article and analysis here

and it's still crap - repeat AVOID!

LOL. Be lavish in your approbation Cyn, please.!!!!

oh all right; if you absolutely insist ...... GGG is a dangerous and foolish investment as is borne out by sp performance .... i haven't checked, but i expect very early in proceedings i warned you all about trusting the chinese who see the gweilo as a fat and easy pigeon .... you guys clearly enjoy the masochistic pleasures of being well and truly plucked

is that more to your liking Mr Kitos sir?

Approbation approved Cyn.

New article, click HERE

hxxp://www.lse.co.uk/ShareNews.asp?shareprice=GGG&ArticleCode=zzc1i90d352s6f3&ArticleHeadline=Central_China_Goldfields_upbeat_on_latest_drilling_at_Dong_Mao_Huo_gold_project

New article;

Click HERE


Would you tell us about the sale of the Snow Mountain Project and how this relates to Central China Goldfield's business model?

Yes, let me start by saying..................

Many thanks for that Andy.

Many rave about the virtues of some of the smaller oil stocks, but I still think this is one of the better run companies on Aim with bags of potential and huge rewards for shareholders when the market improves.

Good news at last!

Click HERE

Cheers Andy. Held a while back tempted to buy in again.

RNS looks good.

Should be interesting once trading resumes.......

http://moneyam.uk-wire.com/cgi-bin/articles/20090520070000P0C6C.html

http://moneyam.uk-wire.com/cgi-bin/articles/20090602075500P8057.html

Rodders

Cynic, you have been right again in GGG. LOL!

News! click HERE

Free investor event
-------------------


The directors of Ascent Resources (AIM: AST), Central China Goldfields (AIM: GGG),
Avalon Rare Metals (TSX: AVL) and Metals Exploration (AIM: MTL) will be presenting:


Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB


The presentations will start at 6:00pm and finish at approx 8:00pm.

After the presentations are complete the directors will also be available to take questions
during a free canapand wine reception, offering the rare opportunity to chat to the CEO's
and network with other investors in an informal atmosphere.


Free Registration - http://www.sign-up.to/signup.php?fid=2046&pid=7163


This event is suitable for the following:

Sophisticated & private investors, private client brokers, fund managers,
financial institutions, hedge funds, buy & sell side analysts and journalists.


These are wonderful events in a superb setting, and well worth attending.


The nearest tube stations are Green Park and Bond Street.

A very good couple days for the shares, so the bounce is on after the retracement.
Bullish Indicators.

The talk around is that the drilling goes on and are very positive so far, before the final results of the findings are presented to the market.

Always admired this company but it has been through a couple of traumatic years. I hold from a long time ago and I'm hoping for better times ahead

Selected as one for the "UPS" today

GGG 4.625p ( 4.50 / 4.75p )
Reason: Volume and rising last Friday, the depresed price due to selling by Obtala must be very close to the end or MMs know of no more selling by them and pushing prices higher. Very good grades/results are expected any time from the completed seven diamond drill holes. Director buying large last month. Ready for Intraday BREAKOUT

3 month Bollinger Bands,RSI, S Stochastic and 50 days MA

As i have kept saying in the past, this is a very well run great little company.

I wish I'd got more at 2p a few months ago!!

Today's news

GGG Resources plc

1.98 Million ounces JORC Compliant Mineral Resource Estimate

Highlights:

The updated JORC reported Mineral Resources of Bullabulling has been increased
by approximately 450% to 1.98 million ounces of gold (41.5 Mt @ 1.5 g/t Au at
0.7 g/t Au cut off).

Resource estimated by independent consultants CSA Global

Some areas can be updated to Measured and Indicated Resource upon twinning of a
number of historic drill holes.

Economic scoping study being completed after which a further Mineral Resource
update will be estimated.

The current Mineral Resource is expected to increase with further exploration
drilling.

Bullabulling could develop into a significant new gold project.

Share Purchase Agreement was completed last week.

16 August 2010

GGG Resources plc together with its Joint Venture partner at the Bullabulling
Project, Auzex Resources Limited ("Auzex"), are pleased to announce a new JORC
reported Mineral Resource of 41,517,000 tonnes @ 1.5 g/t Au for 1.98 million
ounces of gold at a 0.7 g/t Au cut off for the Bullabulling Gold Project.

The new JORC reported Mineral Resource was estimated to an assumed economic
mining depth of 315m RL, approximately 120m depth. This depth has been used as
a conservative approximation of mineralisation that is expected to be amenable
to open-cut mining operations.

Th new Mineral Resource estimate has been restricted predominantly to
mineralisation within the Bullabulling Trend, which extends over approximately
6km strike and where gold mineralisation exhibits excellent lateral and
vertical continuity, and is open in all directions. The Mineral Resource
excludes all historic production and does not include historic surface dumps
that are reported to contain approximately 12,000 ounces of gold.

Mineral Resource estimate Cut Off (g/t) Class Tonnes Au g/t Ounces

August 2010 0.7 Inferred 41,517,000 1.5 1,982,000

Note: The resource is quoted for blocks with a grade of greater than 0.7 g/t
and above the 315 RL. Differences may occur due to rounding.

The Mineral Resource was estimated by CSA Global who are an independent
consultancy based in Perth (An executive summary of their report is attached).
The estimation used assays from all the historic drill hole data over a 9 km2
area covering the Bullabulling shear zone and the Ordinary Kriged method for
interpolation. Grade tonnage curves at various cut offs from this estimate
confirm that a significant amount of the resource sits between 0.3 and 0.9 g/t
Au, consequently it is believed that the project will return the greatest value
as a high tonnage low grade bulk mining operation.

Due to lack of QAQC data on the drill holes samples, the Mineral Resource
estimate has been classified as Inferred under JORC (2004). In some areas with
high density historic drilling, this can likely be upgraded quickly and cost
effectively to Measured and Indicated JORC classification by twinning a number
of the historic RC drill holes to increase the confidence in the historic
assay results. The remaining areas will require infill drilling to a spacing of
20m by 25m to convert the Inferred Mineral Resource to Measured and Indicated.
The twinning of the historic holes will be completed as soon as possible to
allow the Mineral Resource to be reclassified to include Measured and Indicated
categories.

A preliminary economic scoping study is currently being completed by CUBE
consultants that will provide information on mining costs, treatment costs, cut
off grade and the scale of the operation to be used in the up-coming
feasibility study planned for commencement in October 2010. Optimisation
studies are planned on the global Mineral Resource to confirm the economic
mining depth and this information should be available by mid to late September.
The Mineral Resource will be upgraded at this time to take account of the
economic depth of mining.

The Mineral Resource estimate is based on 10,522 drillholes, with approximately
half being RC and half being RAB drillholes. The Mineral Resource estimate has
well defined variography that reconciles well with the orientations of
mineralised shoots derived from the structural study. The new estimate also
reconciles well against historic production. The recently completed diamond
drilling program will also be used to review the model when all assay results
are finalised. These have not been considered in the current Mineral Resource
estimate.

Bullabulling Grade Tonnage Curve estimated at different cut-off grades from
mineralisation less than 120 metres below surface.

Average Grade Contained

Gold cut-off g/t Au Tonnes Au g/t Ounces

1 22,202,000 2.06 1,468,400

0.9 26,739,000 1.87 1,606,500

0.7 41,517,000 1.48 1,981,600

0.6 54,231,000 1.29 2,245,900

0.5 75,013,000 1.08 2,611,800

0.4 107,094,000 0.89 3,071,800

0.3 162,171,000 0.71 3,683,200

This is the first time that all the data has been used to estimate the gold
Mineral Resource for the Project. The previous quoted Mineral Resource of
431,000 ounces of gold (announced on 11 February 2010 when GGG entered into a
Heads of Agreement with Auzex) was confined to the main pit areas and to small
laterite and supergene prospects to the north and south and contained an
unusually small amount of Mineral Resource in the Inferred category. The
recently completed structural study demonstrated that mineralisation not only
continued between the historic pits at Bacchus and Phoenix and down dip, but
also the mineralised shear zone was wider and that mineralisation was also
present in the foot wall and hanging wall of the Bacchus and Phoenix pits
respectively. The recently completed diamond drilling program confirms this
potential and also confirms that additional mineralisation occurs in stacked
shoots beneath the known zones of mineralisation as suggested by the structural
modelling.

The Joint Venture considers the establishment of the new increased Mineral
Resource for the Project as a significant milestone that will allow the Project
to be developed to its optimum economic potential. The scale of the Mineral
Resource also suggests that the Project could develop into a significant gold
project that will establish the Coolgardie Goldfield in the Eastern Goldfields
of Western Australia as a significant producer for years to come.

Share Purchase Agreement

The Joint Venture is also pleased to announce that the acquisition of the
Bullabulling Gold project mining tenements, plant and equipment was
successfully completed on Friday 13 August 2010. Registration of the tenement
transfers is underway and Ministerial consent to sell Bullabulling pastoral
lease to the Joint Venture has been obtained.

Auzex and GGG JV Bullabulling in 450% boost in gold resource to 2m ounces

Monday, August 16, 2010 by Andrew McCrea New name, new focus: GGG's JV in Australia with Auzex is looking very good Brisbane-based Auzex Resources (ASX: AZX) has surprised on the upside with a larger than expected 450% jump in JORC reported Mineral Resource to over 1.98 million ounces of contained gold at the Bullabulling Gold Project in the Coolgardie Goldfields of Western Australia. The project is being developed in joint venture with GGG Resources PLC (LON:GGG), which recently changed its name from Central China Goldfields.

With further exploration drilling, this resource is is likely to increase even further.

An Inferred Mineral Resource of 41.5 million tonnes at an average grade of 1.5g/t gold has been estimated using a 0.7g/t Au cut-off, resulting incontained gold of 1.98 million ounces gold.

pro active investors

i am happy to be in here!!

kerrrrrrchinnnngggggggg!!!

i am only surprised this has only risen about 50% so far on a 450% upgrade with imo to come - i think word is just getting round - hoping for 100% + as the day goes on maybe even more!!

Bit like Caza on Friday, muted reaction at first but still a 30-50% rise then later
on the real action started, in Caza it was around 15-16p for a while then went
to 28p bid in a big rush.

After that news today GGG might well spike up later on and then in the morning
before settling back down.

i was thinking that also - trend has to be north with more news expected from now on imo - interestingly a very simple calculation is look at the current market cap and compare it to the value of near on 2 million oz gold (not forgetting the potential diamonds) against current gold value - i think there is a massive gap in ggg favour!! realise other costs etc need to be considered but this must be a strong buy - nice little company on its way up

wow 2M buy went though 13:28 - value 138k

They are almost bidding the offer price online, whenever the last lines of stock
that is holding the price at 7.25p are cleared there will be another intraday high
and spike, anytime now i reckon.

agreed - auction soon perhaps

cold feet! i sold just under 7p - too many derampers around including so called brokerman daniels didnt help - not complaining though good earner - may jump in at a lower sp - gl to any holding still

Daniels saying what precisely or can you provide a link?

thanks

gibby

re - cold feet! i sold just under 7p

Not much point is saying waiting for 100% and 2 hours later blaming someone for your actions.

There is plenty of milage on GGG, but like everything including this world,that was not build in one day, take one day at a time, there are allways some profit taking or MMs just playing games but the trend is UP now.

Investors will be rewarded for the ones with patience

"derampers"

None here, but if you use advfn or iii then what do you expect, a load of get rich quick conmen who will post any old crap to make a few quid.

dealerdear - i tend not to listen to bmd but this is what he said
'Central China Goldfields. DE-JA-VU?
Posted on August 16, 2010
by Brokerman
I am placing a warning out here re this company. Its not so long ago that Central China Goldfields released a similar statement re their world class assets in China. I remember the great hulabuloo as gold fever gripped investors.. Yes thousands invested as the news of the yellow metal just lying on the floor over in China gripped investors; guess what happened? The share price tanked to under 2p leaving thousands with lossess running into literally millions. What did GGG do? Well they flogged off their world class assets Nimu for a few million dollars and made a sharp exit out of China. Now theyre in Austraila telling us all the same story but with a different name and a new chairman only this time instead of Nimu read Bullabulling?

Tread VERY CAREFULLY HERE.

My advice is if in profit get the hell out!

Daniel'

http://brokermandaniel.wordpress.com/

i think we have enough experience between us to draw our own conclusions

masterRSI - i dont blame anyone but myself - maybe i made an error - and you are right the ones with patience will be the ones to gain bigger rewards - i am in others eg gkp, mta, ntog, rrl, rkh, fogl, to name a few - then some rubbish like sam, inc, pyc which i have put in the bottom draw - toilet paper worth more than them!! but i am holding and waiting - perhaps i should have waited for ggg to settle - will watch closely tomorrow - if drops will def be back in with more shares for my money against today's sell - gl

Thanks Gibby, appreciate that.

Thought you meant Daniel Stewart the broker. Unlike Daniel, IMO this is a fine company. What went wrong before if my memory serves me well is they were stripped of their Chinese assets when their partners pulled the plug on the partnership and GGG were forced to sell which was the reason the sp dropped to 2p.

you are welcome dealerdear - two things gave me cold feet today really - i was not that familiar with ggg (i am now!) and the sp kept stalling when i expected it to keep flying - i have often been burnt badly in the past in similar stalling situations and vowed long ago not to let it happen again - then like an idiot made the fatal error of listening to twots on other boards!!! i agree with you and others and my thoughts earlier - this most likely is a fine company - hope to get back in tomorrow and hold long - great news today - mistake mine!!! sorry if i confused you ref Daniel Stewart - that BMD guy has cost people a lot of money himself with so called tips i am told - anyhow the chinese assets & ggg was some time ago - a person who made no mistakes makes nothing - same for companies - cheers

"the fatal error of listening to twots on other boards"

And should we listen to you, who was posting of 100% rises when he held
and started deramping the moment he sold !

Say no more !

ps...the price was flying at the close, shame the market shut.

i havent deramped ggg at all - in fact i said i may have made an error in selling - the deramp came from broker man dan not me (which dealerdear has explained what tosh bmd wrote against what actually happened) - & i just said i am likely to buy back in ggg tomorrow for long term & in my 18:27 i said ggg had received 'great news today' * 'this (ggg) is most likely a fine company' not sure how that can be re-translated as a deramp? i do not deramp anything - and definitely not ggg

Check out the late holding Rns.

This rise was sustained with a large seller offloading.

The seller has under 2%, when that gets cleared tomorrow the mm's wont be
able to hold it back, looks like Novum are clearing it as they sat at 7.25p offer
today and got hammered but didnt budge.

Gibby.

That is perfectly fair what you said. Likewise I neither ramp or deramp a stock but simply give a view which may be right or wrong. The problem in this market is the lack of available credit and general market fear means the riskier stocks are ignored or worse still shorted no matter how impressive the company is.

Currently there is hardly anything going up at all which makes any trade high risk unless you are looking long term. Certainly there can be upward movement (see BLNX) although I suspect that the market has deteriated over the past few weeks as credit spreads widen.

Whether this is capable of rising short term is a moot point. I shall watch with interest.

The after hours news is Obtala has gone down today to 4M shares left or 1.76%

Comments from UKA:

Central China Gold (GGG) shares soared 2.25p to 6.875p after the updated Joint Ore Reserves Committee (JORC) reported increased mineral resources at the West Australian gold project, Bullabulling, by approximately 450% to 1.98 million ounces of gold. The company added that the new mineral resource estimate has been restricted predominantly to mineralisation within the Bullabulling Trend, which extends over approximately 6 kilometres strike and where gold mineralisation exhibits excellent lateral and vertical continuity, and is open in all directions.

i'm back in and staying in - this in time in my opinion will multibag from current price - interesting read below & link to it - you can glean a rough value to the 2M oz from it :

http://www.businessday.com.au/business/auzex-gold-rush-defies-the-sceptics-20100816-1272q.html


Auzex gold rush defies the sceptics August 17, 2010
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SHARES in junior gold explorer Auzex Resources have soared more than 32 per cent after the company reported a larger than expected 450 per cent increase in contained gold at its Bullabulling project in Western Australia.

Investors moved to grab a slice of Auzex before the release of more results tomorrow, pushing the shares up by 4.5 to 18.5.

The company, which has interests in Australia and New Zealand, told the market its its resources had risen from 430,000 ounces to 1.98 million of contained gold at Bullabulling.

That equates to an inferred resource of 41.5 million tonnes at an average grade of 1.5 grams a tonne gold with a cutoff of 0.7g/t.

The market had been sceptical about glowing results from Bullabulling, assuming Resolute Mining had gone over the ground thoroughly before selling the tenements in 2002.

Auzex managing director John Lawton said the company was confident about the project.

''There will be some scepticism around this announcement for sure, but we aren't losing sleep over that,'' he said.

''What we found when we looked at Bullabulling was how underdeveloped the area was. Resolute had only looked at shallow mineralisation down to 34 metres.''

But what may not have been economic once is being viewed in a new light thanks to a gold price of about $US1200 an ounce. A rough calculation estimates operating costs at about $A600 an ounce.

Mining is expected to start in late 2012.

Mr Lawton has been a strong believer in the project since Auzex listed in 2005, putting about $1 million of his own money into the company.

MATHEW MURPHY

They are determined to get the price back down again.

As i write they drop again, like Caza, very volatile.

Ah well, got me some more stock at 5.95p, surely there will
be support at this level one hopes/prays :-))

You see Novum moving into position at 6.25p offer, i reckon it would take
about just one hour to shift their 4 mil overhang if the other mm's all went
6p bid, they probably have sold some of that stock already this morning.

Could happen now, they are alone at 6.25p with other mm's moving to 5.75p
bid.

This penny market is totally tailing off at the moment, if you dont hold the
share before it comes out with good news then the chances of making money
after the event are slim, stop loss gets triggered if it goes below 5.5p bid,
looked so promising first thing.

Totally agree with that which is why it is very hard to make money atm.

There is little real trading in shares so as you say, you need to hold it before the news. Ummmm

That's ok if you have a few hundred spare k to put 5k in every oil and mining
small cap and sell each one in turn when they double or treble but the sods law
theory kicks in, always seems to be the way, i sold one going nowhere for a while
and next day they secure a rig, the punters go mad for that news, think we should
be investing in the companies that supply the rigs if you ask me ?
The ones you invest in go nowhere and the others come out with news, Caza surprised me, i had one come out with a discovery and it did very little, Caza does
the same and rises 200% !

Turned off the limits again, cannot buy any stock at this new intraday low
yet they have stock, why play around, never going to clear the lines with
all the games the mm's play !

Big buyer out there at the moment.

Can sell a lot of size at 5.71p on a 5.55-5.75p spread even after all those
sales.

Agree with your post 150 rdg

Same thing happening to me and then of course when it does eventually rise, we give a huge sigh of relief, sell and celebrate and then see it continue to travel north to ridiculous levels!

Very frustrating but the name of the game atm.

They will pay 5.7p for a 500k dummy sale online at the moment so there
is hope that this is the bottom, i wonder if that seller has also been cleaned
out completely.

good posts on here - i am finding pretty much the same - have a good evening all

I think everybody will be struggling to make good money, we've had it good
all year so cannot expect it to continue.

Hoping 5.5p will provide support now, they seem to want the stock at this
level.

Looking poor again elsewhere, Caza is struggling now with stock available well
below the monitor offer, Kea the same, not much stock around in Trp currently
so they are doing better.

Broker Note target price 18p.

Central China Goldfields
1.98Moz JORC resource

Central China Goldfields (to be renamed GGG Resources) has defined a
1.98Moz inferred JORC-compliant resource at its Bullabulling gold
project. The resource is shallow and expected to be amenable to open
pit mining as a low-grade bulk tonnage operation. A scoping study is
currently under way, with a feasibility study planned for
commencement in October 2010.

Company highlights include:

Central China Goldfields has defined an inferred JORC-compliant
resource at the Bullabulling gold project of 41.5Mt at 1.5g/t gold, for
contained gold of 1.98Moz at a 0.7g/t cut off.
The mineral resource has been defined over a 9km2 area and remains
open in all directions including at depth. The resource was completed
as a desktop study and is expected to increase as the company
conducts further drilling across the entire 14km strike length.
GGG will now drill twins of the historic holes to get the resource up to
the JORC measured and indicated categories. This will be completed in
tandem with an economic scoping study, followed by full feasibility
studies, expected to commence in October.
The company will complete optimisation studies, due late September, to
determine the economic depth of mining. This will be closely followed
by a further mineral resource upgrade to include the results of all drilling
done by GGG and its partner Auzex Resources.
We fully expect the company to take Bullabulling into production. This
was evidenced by the appointment of Michael Short, who has
substantial expertise in the construction and optimisation of plants, as a
Non-executive Director in June 2010.

This is a substantial resource upgrade which will allow GGG to migrate to
the development cycle of the project. Given the projects history as a
producing gold mine, we are confident that GGG, in conjunction with Auzex
Resources, will take Bullabulling swiftly towards production.

Considering 50% ownership of the Bullabulling gold property and including
the companys investment in Auzex, our peer-based valuation of GGG is
41.5m or 18p per share. The news flow over the next few months should be
substantial, as the company completes economic scoping studies,
optimisation studies and announces a further update of the JORC resource
to include GGGs drilling at Bullabulling.

We rate GGG Resources a BUY and believe there is substantial upside
in the share price to rerate it to the level of its pre-production peers.

Managed to sell at 6.75p on the spike this morning so all in all a tiny profit is
better than a large loss, will look to trade this one from now on, has the potential
to make good profits if your timing is spot on, not easy though.

re - Managed to sell at 6.75p

Someone informed the market of a SELL close to 3 hours later!

the 6.75p bid lasted 8 minutes at the opening

..not worth the effort

.not worth the effort

Trading this is the way, bought back my 6.75p stock for 5.64p, Wins seems to have a seller so saved over a penny a share or close to 20% buying back, seems
good value to do this after todays news.

re - ..not worth the effort

That is why you should not posted then

Very fast to post the buy, but not the sell,
do I feel that you must post the best price so give time, just in case moves higher later ( I will look like a fool ).

I could not care less what you post !

At least i post when i sell unlike yourself and your fellow pump and dumpers
from advfn who dump and vanish onto the next p&d !

you are full of SHIT " gravy " every one knows the worse of it is than even YOURSELF know

now changing the item instead of answering the question

GGG 'highly encouraged' by latest Bullabulling drilling

GGG Resources is 'highly encouraged' by results from a seven hole programme at Bullabulling in Western Australia.

GGG said the seven diamond drill hole programme totalling 1,396m was recently completed over a 2.5km section of the 6km long Bullabulling Trend.

It says this is additional to the data used in the recently announced JORC Mineral Resources of the Bullabulling project of 1.98 million ounces of gold (41.5 Mt @ 1.5 g/t Au at 0.7 g/t Au cut off).

GGG said The maximum grade intersected was 37.4g/t gold over 1.0 metre, with visible gold present.

Mineralisation was intersected below the 120 metres depth used in the recent JORC inferred resource.

Results include: 15m @ 1.64 g/t gold from 126m depth in hole AZBBRD0001, 5m @ 1.54g/t gold from 156m depth in hole AZBBRD0005 and 25m @ 1.7 g/t gold from 144m depth in hole AZBBRD0006.

Managing director Jeff Malaihollo said: "We are highly encouraged by these results, particularly as they confirm the continuity of mineralisation, identify the depth extension and in addition identify new areas of mineralisation."

Save the abuse for advfn, you will be in good company !

Sorry that truth about you and your methods upsets you so much.

this is such a squitty company that a puff of wind will move sp in either direction ..... if it's actually a chinese company, despite where these latest stories emanate, i personally would avoid it anyway

Cynic.

Do you honestly think anybody reading these sites takes any notice of me or you
or anybody else, we are posting but we are wasting our time, you are so predictable and you post the same usual bearish stuff on 99% of all stocks and have probably made so many incorrect calls in the recent mining/oil boom or maybe i have you all wrong ?

got to go against you there cynic bought a small lot to hold @36p will wait and see.,.

no, but if it pleases me to post (or you) i shall do so

cynic

re - if it's actually a chinese company,

well they had there assets in China, but had to sold and move on buying assets in Australia, so one can not say is chinesse any more.

Central China Goldfields is a Company incorporated and domiciled in England and
Wales.

thanks mrsi, though i don't think i'll be tempted into this one for there are much tastier fish in the sea

Dont bother me cynic if you post or not !

99% of the time i ignore your posts, easy to go around being negative on 99% of
all stocks, think you would be more productive on advfn unless you are already there doing the same :-))

if you aren't fussed, then why respond?

imo, which of course you are not obliged to follow or even read, i think that most minnow stocks that are hyped on this, and almost certainly all other BBs, are total rubbish and just present excellent ways of throwing away money.

again, imo, this is probably one such, and if i was suggesting a small miner with genuine potential, then i would plump for CEY in lieu

not a chinese takeaway then?!

minesite article from another bb... this guy is a subscriber to minesite he posted this:

'Remember Central China Goldfields? That down-and-out minnow that always seemed to show promise but never really delivered, and ended up by being dispossessed, African-style, of what might very well turn out to be a choice piece of real estate up in Tibet? If you thought the company had sunk without trace following those dim and dark days, get ready to be disabused, because you couldnt be more wrong. Now, one acquisition and one name change later, it is suddenly emerging as serious contender among the London-listed gold juniors, and already boasts brace yourselves a resource base of nearly two million ounces.

No wonder shares in the newly named GGG Resources have more than tripled in the space of the last 12 months. And, given that that new resource was only announced on Monday 16th August, its perhaps no surprise that a fair bit of that strength has come within the space of the last week or so. GGGs shares did in fact leap up to a two year high of 7p in the immediate aftermath of the announcement that its jointly-owned Bullabulling project in the Coolgardie region of Australia now boasts 1.98 million ounces of gold at a 0.7 grammes per tonne cut-off. But the market euphoria that GGG had at last rejoined the ranks of the serious contenders wore off somewhat the following day, as one or two longer-term investors took the opportunity to take profits. But a share price at 5.78p is no mean feat for a company that saw its shares hit a floor of close on 1p back in the latter part of 2008

Lots of companies hit the buffers late in 2008, and barely struggled on into 2009, but most of them at least still had assets. GGG was on the point of being, shall we say, politely removed from its Nimu discovery throughout that period, a body blow from which, in light of the wider economic circumstances, a betting man might not have expected the company to recover. But managing director Jeff Malaihollo staggered on, even putting in appearances at one or two of our Minesite forums over the course of the following months.

Then, in 2010, he pulled off a blinder of a deal. The Bullabulling project, which lies on ground formerly worked over by Resolute, and opposite a project thats been making strident progress under the ownership another company Minesite readers will be familiar with, Focus Minerals, came up for grabs, and GGG saw an opportunity and took it. At the time, it wasnt clear just how prolific the Bullabulling ground would turn out to be. When we picked up the deposit we were looking at high grade veins, says Jeff. Now it looks like itll be a large, low grade project. For comparison, he points to Catalpas project at Edna May, where the mining is low grade, at around 1.1 grammes per tonne, but its easy work for a fully mechanised operation. Profits, as Catalpas Bruce MacFadzean will confirm to Minesite in a few days time, are rolling in.

GGG is a fair way off production yet. But not as far as you might think. A scoping study is already well underway, and feasibility work should get underway in October. Aside from the obvious advantages that Bullabulling offers as a gold project in a US$1,200 gold environment, theres also the added upside that its open in all directions and that the strike is over 13 kilometres long.

But Jeffs focus now is more towards getting the project into production. Conceptual studies from a mere couple of months ago showed an operation mining from several pits. Now, with this latest resource upgrade in the bag, the idea is to mine from one big pit, as Catalpa does, a pit that Jeff reckons could be close to the size of the Kalgoorlie superpit, with a fair wind and the right sort of result from the scoping study.

Meanwhile, drilling will continue. Much of the current 1.98 million ounces is based on a reworking of old data, a reworking completed by consultants at CSA Global. The results from GGGs own campaign will start to roll in shortly, with the emphasis now shifting to what Jeff calls reserve drilling, or mine definition drilling. Theres no shortage of ground to drill, he says, but rather than spending all our money making the project bigger and bigger, well put it into production, and then focus on growth.'

fyi - that minesite article was written by Alastair Ford

SOME LARGE TRADES THIS MORNING HAD A GOOD MOVE TURNAROUND IN THE MARKET MAKERS POSITIONS.
Moving prices higher and not so long ago the trades for 100K took the last of the 6p offer.

yes all in all a good day - long may it continue!! glad to be in early here - this is a long hold for me - much confidence going fwd imo

Kalgoorlie fhotos ... Kalgoorlie supper pit

Its moving higher this morning now 6 / 6.50p

3 MMs on the blue

I agree gibby all the best here.

Looks like the next squeeze is coming, paying mid price for stock and buys
paying full offer on a wide spread.

It's been consolidating for a few weeks now so maybe due a turn.

up or down rdg?

nice bit of movement in the right direction this am.,.

this is good - in fact good day all round waiting for something to go wrong!

lovely blue day:))

Buy then when unloved and mid price (5.75p) then sit back and watch the
herd chase them when 7.5p offer :-))

Will take my profits today but it still might some legs in it.

well done all.

A lot of talk on these threads about the falkies but there have been some wonderful rises elsewhere.

Hit 10p this am. Not long ago was trading at around 1-2p.

Am in and enjoying the rise.,.

well done again.

Fraid I was sitting on a large loss for the past 2/3 years but fortunately averaged down a few weeks ago and have now broken even.

Consider myself to be very lucky. Although I rate the company, I could easily have lost the lot.

Wow this is amazing.

.

today makes me 100% up happy xmas me.,.

Like dealerdear I to have been sitting on a big loss. I also have just broken even,Any thoughts on staying in, does anyone think there is more to be had?

...nice play BB et al - another 12% up (wed) and still powering on .......... offer static at 14.25p irrespective of bid ............Ches - Now thats a moot point ..l was going to buy at 9p last week but thought it would lose its legs ....Now 14p ........perhaps i have missed the bus on this one ,,,,,but who knows ?

Going to stay in, I think the results pretty upbeat:
Outlook

The first half of 2010 was an active, exciting and fruitful period. After
careful assessment, the Directors concluded that Bullabulling is a quality
asset which has the potential to generate substantial returns for shareholders.
We therefore committed with confidence the proceeds from the sale of Nimu to
purchase half of Bullabulling, and a 10% stake in our partner's company Auzex
Resources Ltd.

Since acquiring our 50% interest in Bullabulling I am pleased to report that
its resources have dramatically increased to 2 million ounces of gold. We have
now embarked on the start of the feasibility study at Bullabulling, and hope to
start converting the resources into reserves.

The Directors are confident that we can expand further still the resource at
Bullabulling, and also increase the degree of confidence in the quality of the
resources.

I look forward to updating Shareholders on further progress in the coming
months.

20% up..!

are you in or just watching mitz??

Sadly only watching Balerboy.

very sad.......if this goes the other way soon you'll have the last laugh...but as i'm on a free ride it won't hurt too much...lol

Making a move

hmmm - considering a top up next week - even at this sp must be worth an additional tickle?!

cant see any reason for a major reverse now

from 25/10/10 if you havent already seen it:
http://beforeitsnews.com/story/234/650/GGG_Resources_Bullabulling_gold_project_has_significant_exploration_upside_-_Collins_Stewart.html

GGG Resources Bullabulling gold project has significant exploration upside - Collins StewartCollins Stewart called GGG Resources (LON:GGG) key Bullabulling gold project in Australia a very interesting asset with a significant exploration upside.

Following todays appointment as GGGs new corporate broker, Collins Stewart gave a summary of the companys projects.

The broker gives GGGs flagship asset a valuation that eclipses its current market cap.

Collins Stewart said that GGGs 50% owned Bullabulling has a net present value (NPV) of US$178 million, with US$89 million, or 57 million, attributable to GGG, compared to its market cap of 31 million. GGG's joint venture partner is Auzex Resources (ASX:AZX)

Within 3 months of acquisition, the JORC compliant resource increased from 432,000 oz to just under 2 million ounces (Moz) of gold at 1.5 grammes per tonne (g/t).

According to Collins Stewart, the exploration upside is significant with the overall mineralized structure over 14 kilometres in length, while the infrastructure is excellent with the deposit being located just 5 kilometres (km) from the town of Coolgardie, meaning availability of cheap power.

This as well as substantial sweet spots of mineralisation close to the surface, with grades of over 2 g/t and simple ore metallurgy typical for shallow deposits in gold fields in the area with 90% recoveries makes Bullabulling an interesting project, according to Collins Stewart.

The feasibility study at Bullabulling is commencing with a view to move the project into production in Q1 2013, which the broker said was realistic and achievable, citing the example of the Edna May gold project, which has been successfully commissioned this year by Catalpa Resources (ASX:CAH).

The broker used similar projects in Western Australia were used as a benchmark, stating that the technically simple nature of Bullabulling inspired greater confidence in valuation than its peers.

The key input assumptions were capital costs of US$157 million, a 15 year life of mine, an annual steady state production of 130,000 ounces (oz), cash costs of just under US$600/oz and a long term gold price of US$1,100/oz, which is significantly below the current US$1,340/oz.

At $41/resource ounce, GGG Resources is one of the outstanding value propositions in the sector, concluded Collins Stewart.

GGG today said that Westhouse Securities will continue as its nominated adviser.

Story by ProactiveInvestors

in today for 12.5p. Thoughts?

felicitations ,,,,,,,,doubled already ........

Consolidation that's all. Because they have listed on Aussie market or something similar

Yep, just read.

Aussie exchange and 1 : 2 consolidation

fantastic.

Down on the day after consolidation of 2 shares into 1 after yesterday's AGM >>>>>


"The Consolidation will result in every two Existing Ordinary Shares (being
ordinary shares of one pence each in the capital of the Company in issue as at
the date of the issue of the Circular) being consolidated into one New Ordinary
Share (being ordinary share of two pence in the capital of the Company)."

Gradual increase each day (like BAO). Nice to see, seems to have attracted little interest here

dealerdear,Having waited for 2 years to get my stake back,do you feel there is a good bit more to come ?

cw

Impossible to say I'm afraid, particularly in these markets.

I'd have thought you would have your money back by now - isn't the sp at around 21p in old money. I haven't looked at the 5 yr chart but I believe it as now at record levels. Remember a profit is only a profit when it is banked. You could always bank half and leave the other half to run.
To think that at the height of the credit crunch these went as low as under 2p that is some rise!

Good luck

good grief - a convert!

Last Friday close candlestick - Bullish Hammer Pattern.
This is a bullish reversal pattern that marks a potential change in trend.

JORC from AZX is due, but maybe they will try to delayed for as long as possible. Maybe that forces an extension to the bid timetable.

27.125p +1.25p

on the move up today after a sharp drop lately on Tthe Australian bid battle for AZX

GGB up 5% in Australia

AUS intraday


AUS 3 month

The early marked down has encouraged the larger players and some good size trades are now showing on the ticker