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Bei den Zahlen wundert mich aber eigentlich nicht das der Kurs so abschmiert! Hatte das Filing schon mal jemand gelesen??

 

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5365815 

 

Dieser Beitrag bezieht sich auf Threadbeitrag Nr. 21132 von TraderSchorschi - 24.08.07 10:28:18 Uhr

 

link geht nicht

 

 

 

 

TraderSchorschi hat folgendes geschrieben: Bei den Zahlen wundert mich aber eigentlich nicht das der Kurs so abschmiert! Hatte das Filing schon mal jemand gelesen??   http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5365815

NEWS
FOR IMMEDIATE RELEASE
Gulfside Clarifies Agreement to Acquire Coal Project
Vancouver, B.C. – June 26, 2007 — Robert L. Card, President of Gulfside Minerals Ltd. (the “Company&rdquo, reports
that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following
news release to clarify disclosure relating to a Letter of Intent agreement to acquire the Erdenetsogt Coal Project in
Mongolia.
The Company’s news release dated June 21, 2007 referred to “reserves” and “potential reserves” based on historical
drilling conducted by Russian and Mongolian geologists and 2005 drilling by the property vendor, a privately held
Mongolian company that operates several domestic coal mines. The Company stated that the Erdenetsogt Project is
estimated to contain up to 550 million tonnes of coal in the Mongolian “C” Category (a moderate level of geological
confidence under this Mongolian-Russian-based classification system, generally comparable to the CIM class of
indicated resources). These were included in a larger “potential reserve” classified as being in the “possible and
probable category.”
The “possible and probable potential reserves” were taken from “P-1 Class” and Russian “P Class”, which are at
best comparable to CIM inferred resources and more commonly comparable to a potential exploration target .
The Company also wishes to clarify a fence of four drill holes on an adjacent property not subject to the Letter of
Intent Agreement may have been incorporated into the Mongolian-Russian estimates for the larger “potential
reserves” referenced in the June 21 news release.
The Company wishes to clarify that none of the “reserves” or “potential reserves” referred to in the June 21 news
release are current resources that meet National Instrument 43-101 disclosure standards. A Qualified Person has not
done sufficient work to classify any of the Mongolian “C” or “P“ estimates as current mineral resources, and the
estimates should not be relied on. No feasibility study, pre-feasibility study or preliminary assessment (scoping
study), either current or historical, has been conducted by any private or public entity on the subject property.
Resources that are not reserves do not have demonstrated economic viability.
Russian and Mongolian geologists drilled five holes totaling 574.6 metres between 1987 and 1988. Four of the holes
intersected but did not fully penetrate the deposit. The historical drill-hole data showed that cumulative coal
thickness varied between 9.8 metres and 124 metres.
Subsequent drilling in 2005 by Monrospromugoli Co. Ltd. (“MPRU&rdquo consisted of four wide-spaced holes along
two fences. The distance between the fences was 1,200 metres, the distance between the drill-holes varied from 800
metres to 1,200 metres, and the depth varied from 74 metres to 238 metres. These holes intersected four coal seams
with a total cumulative thickness of coal between 41.5 metres and 94.9 metres (average 64 metres). MPRU also
drilled two separate holes to check the continuity of the coal seams at the western flank of the deposit.
Additional drilling will be required to verify these results and determine the true thickness of the coal. The
Company’s goal is to verify the 550 million tonnes of coal in the Mongolian “C” category and “potential resources”
in the Russian “P” or “P-1” Class in order to update these estimates to NI 43-101 disclosure standards.
Based on the historical exploration and drilling results, the Company believes the Erdenetsogt Project is potentially
amenable to large-scale open-pit mining suitable for shipment to China by truck or train.
The potential grade and quality of the Brown coal was determined by two separate tests. Initial historical tests
(between 1986 and 1988) conducted by Russian and Mongolian entities showed an average calorific value of 6,425
kcal/kg, while subsequent tests in 2005 by the current owner showed an average calorific value of 4,682 kcal/kg.
This variation has not been explained. The Company has not yet conducted any tests to verify these results, which
are provided for information purposes only.
The Company believes that Erdenetsogt may have potential for the in situ gasification of coal into liquids such as
diesel and gasoline, but has not conducted any tests or preliminary assessment to determine if this concept is
technically feasible or has economic potential.
Gulfside Minerals has a Letter of Intent agreement to acquire a 50% interest in a private company set up to hold the
Lease, with an option to acquire an additional 16% interest within one year, for a total of 66%. A sliding scale
royalty of 3-5% is payable on production. The Company will be the operator of the Project. Additional details will
be provided after review of the proposed transaction by the TSX Venture Exchange.
Dr. Marc Bustin, PhD, P.Geo., a member of the Company’s Advisory Board and a Qualified Person as defined by
NI 43-101, supervised preparation of the technical information in this news release.
The Company intends to submit an initial NI 43-101 report on the property within 45 days.
On behalf of the board of directors,
Gulfside Minerals Ltd
“Robert L. Card”
Robert L. Card
President
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements
include, but are not limited to, statements concerning GMG’s planned exploration program and other statements that
are not historical facts. When used in this document, the words such as "could,” “plan,” "estimate," "expect,"
"intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although GMG
believes that its expectations reflected in these forward looking statements are reasonable, such statements involve
risks and uncertainties and no assurance can be given that actual results will be consistent with these forwardlooking
statements. Important factors that could cause actual results to differ from these forward-looking statements
are disclosed under the heading “Risk Factors” and elsewhere in the corporation’s periodic filings with Canadian
securities regulators.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this news release

 

ne habe selber gsucht der meint das hier

 

 

 

schei... schon 7 im Minus und heute ist erst Montag

 

 

ich kenne den wert jetzt schon länger, das iskio ist mir bekannt aber ich kann einfach nicht verstehen warum der kurs so absackt. Woran könnte das liegen 

 

ich hoffe es kommen bals mal news, der abschluss mit

Alphagenics wäre echt mal ein lichtblick

 

Ich finde das am heutigen Tag auch echt erschreckend ... und wodran es liegen könnte kann ich beim besten Willen auch nicht sagen. Gute News sollten den Wert mal weder ein wenig richten. Sonst bekomme ich noch Angst

 

Ruhig Blut.

 

Die aktuellen Entwicklungen gefallen auch mir nicht, dennoch denke ich dass es langfristig aufwärts geht. Ich bleibe und beobachte weiter!

 

Bevor ich vorschnell handele werde auch ich weiter beobachten.

 

Das ist wohl das Beste was man in dieser Situation machen kann. Den Tiefpunkt sollten wir jedoch überstanden haben.