arredo stakes claim, page-4

Yes! I posted this on the 30/05. The announcement is spectacular - this will go up with an eye on further details.

I think I have been a little unclear as to why I propose that GLX is an excellent buy at current prices and perhaps, well above, so I have compiled a few suppositions and facts to help me explain why I believe this to be so.

Firstly, I held Indo Mines (IDO) from mid last year. On the 30/11/2006, it was announced that Ian Middlemas (GLX’s new Chairman) will be IDO’s Deputy Chairman and that a placement will take effect to raise $1.7m . The largest participant of the placement was Ian Middlemas through his company Arredo Pty Ltd. On the 30/11/2006, IDO’s share price was 19.5c.

IDO’s share price is now $1.25. In 6 months, the SP went up by 525%.

Secondly, Xenolith Gold (XEN) announced on the 08/03/2007 that there will be a placement of $2m with the largest participant being Ian Middlemas via Arredo Pty Ltd. On the 08/03/2007, XEN’s share price was 7.3c. It was also announced that Ian Middlemas and Pearce will become directors of the board on the 09/03/2007.

XEN raised $2m to enable it to pursue other opportunities in the resources sector”. By the 16/05/2007, XEN’s share price had hit 22c, an increase of 200%.

On the 17/05/2007, XEN announced that:

Xenolith Gold (XEN) has entered into an agreement to acquire the highly prospective Lake Way East Uranium Project, which is located in close proximity to the Lake Way, Centipede and Abercromby Uranium Projects (Nova Energy Limited) and the Lake Way South Project (Encounter Resources Limited).

The Lake Way and Centipede Projects have a combined inferred
resource of 19.8 million pounds of U308 (10.1 million pounds and 9.7
million pounds of U308 respectively - see Nova Energy ASX release dated 23 March 2006).

The Share price then hit 30c.

Thirdly, on the 28/05/2007, Gulfx (GLX) announced that a placement of $2m is to be made with the largest participant being, you guessed it, Ian Middlemas via Arredo Pty Ltd. The reason given was to enable the company to pursue other opportunities in the resources
sector to complement existing resource assets.

On the 28/05/2007, GLX’s share prices was 5.7c. Yesterday, it hit 11.5c and is now 9.9c.

Ask yourself this, does history repeat and what company will be backdoored in through GLX. IMO, it will be a junior exploration company with viable assets. If history repeats, GLX’s share price will be between 20 and 25c within 4 to 6 weeks.

As you can see GLX and XEN are very similar propositions. As with XEN, I propose that all major holders will not sell into any increase in share price, as can be seen by recent share price movements until the business plan has been announced.

The board of GLX has appointed Mr Middlemas as chairman and Mark Pearce as a non executive director of the company.

Join the dots but it is very obvious we have an extremely tight registry.