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King Tut

Joined: 26 Apr 2007
Posts: 413

Posted: Sun Apr 11, 2010 2:55 am Post subject: Dropped a little cash here

I like what I see so I took an inital position

I willl wait and see what prgresses and avrage up as news gets better

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Sat Apr 10, 2010 8:07 am Post subject:

This website is a little over promotional, but still good info...

http://www.bullmarketrun.com/2.....ng-monday/

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Thu Apr 08, 2010 5:38 pm Post subject:

Quote:

Gold Bullion closes financing, hires IR consultant

2010-04-08 17:48 ET - News Release

Mr. Frank Basa reports

PRIVATE PLACEMENT CLOSES INVESTOR RELATIONS CONSULTANTS RETAINED STOCK OPTONS GRANTED

Gold Bullion Development Corp. has closed the non-brokered private placement announced in Stockwatch on March 16, 2010, as amended March 26, 2010, by the issuance of 18.7 million units at a price of 21.5 cents per unit to raise gross proceeds of $4,020,500. Each unit comprises one common share in the capital of the company and one-half of a transferable share purchase warrant, each whole warrant entitling the holder to purchase one additional common share in the capital of the company for a period of two years from the date of issuance, at a purchase price of 30 cents per share.

In connection with certain subscriptions of the private placement, the company paid cash finder's fees to arm's-length parties in the total amount of $359,319.43, representing 10 per cent of the gross proceeds raised through them in the private placement. In addition, the company issued a total of 1,056,356 non-transferable broker warrants to Allyson Taylor Partners, RWS Capital Services, Jordan Capital Markets Inc. and MacDougall, MacDougall & Mactier Inc. Each broker warrant entitles the holder to purchase one common share of the company for a period of two years from the date of issuance, at a purchase price of 30 cents per share.

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Mon Apr 05, 2010 9:43 am Post subject:

About ready to break out.

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Mon Mar 29, 2010 8:33 am Post subject:

Quote:

Gold Bullion increases financing to $4.02-million

2010-03-26 18:40 ET - News Release

Mr. Frank Basa reports

TERMS OF PRIVATE PLACEMENT AMENDED

Gold Bullion Development Corp. has amended the terms of a non-brokered private placement announced in Stockwatch on March 16, 2010.

The company has amended the terms of the private placement to increase the number of units for sale from 15 million units to a maximum of 18.7 million units, at a price of 21.5 cents per unit, for gross proceeds of up to $4,020,500. Each unit will consist of one common share in the capital of the company and one-half of a transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share in the capital of the company for a period of two years from the date of issuance, at a purchase price of 30 cents per share.

The company will pay finders' fees to arm's-length parties in connection with the private placement, equal to 10 per cent of the gross subscription proceeds realized from the sale of units by the respective finder, payable in cash and in addition, at the discretion of the company, will issue non-transferable share purchase warrants equal to 10 per cent of the number of units sold by the respective finder. Each finder's warrant will entitle the holder to purchase an additional common share in the capital of the company for a period of two years from the date of issuance, at a purchase price of 30 cents per share. Certain directors, officers and insiders of the company may participate in the private placement. The securities issued will be subject to a hold period of four months and one day.

Proceeds of the private placement will be used for the development of the company's Granada gold mine. The private placement will be subject to approval by the TSX Venture Exchange.

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Fri Mar 26, 2010 8:55 am Post subject:

Here's another kicker

Quote:

The Company is waiting for additional assay results and expects to report on the remaining 13 holes from
the Phase 1 and Phase 2 drilling at Granada in the near future.

DYODD

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Fri Mar 26, 2010 8:46 am Post subject:

D-Roberts,

Nice write up. To add to your point:

Quote:

Mineralization at the Granada Gold Mine remains open in all directions and is now measured at 600 metres in length, 150 metres in width and up to 70 metres in thickness.

Mineralization is also open at DEPTH, as the company drilled shallow holes looking for structure not drilling for ounces.

Good luck to all,

D_Roberts

Joined: 04 Jan 2006
Posts: 219
Location: UK

Posted: Fri Mar 26, 2010 8:37 am Post subject:

I bought in last week after this thread bought GBB to my attention. Here is a summary from my own research notes:

Quote:

Summary
Low grade Gold in very prolific area [Quebec]. Recent drill results have seen SP rise over 200%. 240k ounces of non-compliant gold in a much smaller zone on the Granada property.

Shareprice 29.5c, Market Cap $23m (18-03-2010). 81m shares out, 36m warrants.

The Granada Property is located six kilometers south of Rouyn- Noranda, Quebec, along the prolific “Cadillac Trend” which has hosted numerous multi-million ounce gold deposits.

Not much cash ($48K as of 31/12/2010). Also placings done in December 2009 9see below).

Next door to Oskisko, Clifton Star.

Significant discovery in the previously untested north-eastern area of the LONG Bars zone, The Company has named this entire large mineralized area the LONG Bars Zone. Gold Bullion’s drilling since December, and its land acquisition program, has greatly expanded the potential scale and geometry of Granada beyond what the Company first envisioned when it started with the old mine workings in 2006. Assay results from six additional holes clearly outline an east-northeast extension of Granada including a possible substantial new discovery of shallow depth mineralization 600 metres east-northeast of the past producing Granada Mine workings.

GR-10-17, approximately 600 metres east of the first three holes that were drilled in December 2009,
confirms the growing width of this mineralized structure Gold Bullion is developing that so far stretches from just west of the original mine workings all the way to the east-northeast extension. The Company has named this entire large mineralized area the LONG Bars Zone

March 11 2010: GR-10-17 has intersected 65.5 metres of 1.21 grams per tonne gold (from 3.5 metres to 69 metres) within a wider interval of 0.953 g/t Au over 99.2 metres,

Feb 08 2010: Hole GR-09-15, which intersected 73.8 metres of 0.88 g/t at shallow depths, was drilled 600 metres east of holes GR-09-01, GR-09-02, and GR-09-03 (reported in the Company’s January 26, 2010 news release).

The Granada Gold Property is a quartz-vein mesothermal-type deposit hosted by Archean Timiskaming sedimentary rock and younger syenite porphyry dykes. The dykes belong to a late tectonic alkaline magmatic suite that hosts the mesothermal gold mineralization in the Kirkland Lake and Timmins gold camps in Ontario and in Duparquet, north of Rouyn-Noranda.

Mineralization at the Granada Gold Mine remains open in all directions and is now measured at 600 metres in length, 150 metres in width and up to 70 metres in thickness. A prior bulk sample of 140,000 tonnes was processed by the Company from an open pit at the Granada gold deposit of which 30,000 was milled using an onsite mill. The average gold grade from this large sample was 1.62 grams/tonne with a 90 percent rate of recovery realized. The waste from this bulk sample, along with stockpile waste from past bulk sampling programs at the Granada Gold Mine by previous operators, was also assayed and returned a grade of 1.75 g/t gold. This confirms the presence of gold mineralization between the nine known vein structures which trend east-west as one large overall structure.

Based on 600m x 150m x 70m x 3.5 rock density and an average grade of 1g/t = 462,000 ounces. My own calcs.

Share Structure
As at February 19, 2010, there were 81,171,581 shares issued and outstanding. The Company has 36,646,806 share purchase warrants outstanding. Each warrant entitles the holder to purchase one common share at prices of $0.10 to $0.16 per share until December 21, 2011. Stock options outstanding as of February 19, 2010 total 5,350,000 and are exercisable for common shares at $0.10 per share.

Good luck all.

DR

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Fri Mar 26, 2010 7:35 am Post subject:

http://www.bullmarketrun.com/2.....rtunity-3/

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Sat Mar 20, 2010 7:31 am Post subject:

http://www.smartstox.com/interviews/gbb/

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Fri Mar 19, 2010 12:31 pm Post subject:

Quote:

March 19, 2010
BMR Morning Market Musings…
Markets are weak this morning with gold off $23.00 an ounce to $1,103 as of 9:15 am Pacific time, while the CDNX has shed 14 points to 1,561…the Venture Exchange has looked a little short-term “toppish” in recent days, stalling about 50 points below its 52-week high, and the possibility of a retreat to the 1,500 level (just above the 50-day moving average) now has to be considered a strong possibility…for the first time in over a year, the CDNX’s 50-day moving average has started to decline – albeit very marginally – and this raises some short-term technical concerns…this market has had a nice run (up 10%) since the lows of early February, so a pullback of half those gains would take the Index back down to just above 1,500 which would be a very attractive re-entry point across the board…we’ll see how things play out over the next couple of trading sessions, but we believe it would be wise to lock in at least some profits and raise some cash in the event of a 5% or so CDNX pullback…Gold Bullion Development (GBB, TSX-V) has traded a whopping 4.3 million shares already today and hit a new 52-week high of 29.5 cents…it’s currently down half a penny to 27 cents…maintaining a core position in this stock and a trading position would be a wise and effective strategy…strong new technical support for GBB is now at 25 cents, up from the previous 21 cents…we’re still sorting through information we gathered from our Granada Gold Property visit Monday through Wednesday, so we’ll be reporting more on GBB next week…we’re also preparing a report on Seafield Resources (SFF, TSX-V) which is looking very attractive in the mid-20’s…Colombian Mines (CMJ, TSX-V) and Richfield Ventures (RVC, TSX-V) have both enjoyed strong weeks and we’ll be reviewing them in more detail in our Week in Review feature which we will be expanding this weekend due to the fact we have so much to cover…we had a great trip to Rouyn-Noranda, Quebec, and we thank everyone there for their tremendous hospitality…

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Fri Mar 19, 2010 10:34 am Post subject:

Another MONSTER VOLUME day. Impressive for a junior.

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Fri Mar 19, 2010 8:59 am Post subject:

Fresh 52 week Highs.

No one cares though.

kjm

Joined: 13 Jun 2004
Posts: 1159
Location: Sask.

Posted: Thu Mar 18, 2010 2:35 pm Post subject:

Hope you're right Deeper. It's certainly having a good day.

deeper

Joined: 06 Oct 2004
Posts: 642

Posted: Thu Mar 18, 2010 2:28 pm Post subject:

My top pick for 2010.

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