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GSS Update


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#1 SilentOne

SilentOne

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Posted 23 September 2005 - 03:35 PM

Still long this one. Actually very long. Sprinkled all over my accounts.

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Last charts were these.

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And you can look at them here.

Gold: GOLDEN Star ist ausgebrochen

= Golden Star has broken out.

cheers,

john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain

#2 SilentOne

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Posted 07 October 2005 - 03:39 AM

I am starting to wonder about this stock. I sold many positions yesterday as I expect a bounce only in the PMs and further weakness in October. I dumped all my GSS this time. We'll see how it responds tomorrow. cheers, john +++++++++++++++++++++++++++++++++++++++++++++++ Golden Star Announces Temporary Suspension of Mining Activities at the Prestea Plant-North Pit Thursday October 6, 6:50 pm ET DENVER--(BUSINESS WIRE)--Oct. 6, 2005--Golden Star Resources Ltd. (AMEX:GSS - News; TSX:GSC - News; "Golden Star") announced that it has temporarily suspended mining operations at its Plant-North pit, the source of ore for its Bogoso gold processing plant at the Company's Bogoso/Prestea Mine in Ghana. Until mining recommences, which is expected within the next week, the processing facility continues at full production rate fed from stockpiled ore. Mining and processing operations at the Wassa Mine, 35 kilometers east of Bogoso/Prestea, continue without interruption as does construction work on the sulfide expansion project at the Bogoso plant. The Plant-North pit, which is located near the Prestea township, has been the sole source of feed to Golden Star's Bogoso processing facility, located some 15 kilometers north of the Plant-North pit, since 2002. The pit has been developed in stages with the development of the final stage (Phase 3) commencing in August 2005. The commencement of mining for Phase 3 was conditional on a number of mitigation measures identified in the Environmental Impact Statement for the pits which were progressing but not completed before mining commenced in August 2005. On September 13, 2005, the Ghana Environmental Protection Agency (EPA) requested the suspension of mining of Phase 3 of the pit until the following outstanding mitigation measures were completed: *Relocation of the Prestea police to a new police station built by Golden Star to replace the existing police station which lies adjacent to the southern end of Phase 3 pit development; * Erection of a fence around the Phase 3 pit development; * Construction of a bypass road to divert traffic away from the southern end of the pit development and closure of the existing road; and * Sensitization of the communities and vendors adjacent to the Phase 3 pit development. The Company responded immediately to the notice and relocated its mining operations to the Phase 2 area of the pit. Subsequently on September 28, 2005, the Company suspended all mining activity in the Plant-North Pit. The mitigation measures requested by the EPA are at an advanced stage and the only material outstanding issue is the physical relocation of the police to the new police station/barracks which has been substantially complete for some time. The relocation of the police is expected to be completed within the week and mining at Plant-North is expected to be authorized and recommenced soon thereafter. About Golden Star Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, the Company has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in West Africa and in the Guiana Shield of South America. Golden Star's production is expected to increase to over 500,000 ounces in 2007, compared to expected production of approximately 220,000 ounces in 2005. Golden Star has approximately 143 million common shares outstanding.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain