These are the worst of times and the best of times.
posted on
Sep 27, 2010 02:28PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
If you are long here, you are earning your mettle right now. It's hard to keep the faith with the aforementioned falling knife is attached to your profits. :)
I won't speak to the valuation of this company at present. That would be out of my expertise, and probably most of those that post on this hub. How you value an explorco in Quebec with a nuggety deposit is beyond me.
I also won't speak to technical trading either. I'm a business person and although I respect it - it's all noise to me.
I do see what Candido is doing, the stars aligning with gold pricing and pieces of a very complicated puzzle being put into place. I talk to knowledgeable people to help me gauge my opinions and foster confidence. I don't risk what I'm not okay to lose.
Nothing fundamentally has changed here and my only concern is how much of this company will I own. Dilution is the only negative on my radar and a lower share price means increased dilution with future financing. They will get money, that is a non-issue. At what rate is TBD.
Candido does not want to dilute his company, he has proven that by cutting off previous PP's at the knees.
I like to hear that GMP is buying today. I know the guys over there, and they know GNH because I helped introduce it to them and have followed it for a while now. I guess they like the price for an entry level and as with most smart money I welcome them aboard!
I've bought back the 3% of my holdings I sold on this recent vacuum.
There is a silver lining on this cloud above GNH, I'm pretty confident of that. Above 70 cents I wasn't a buyer or a seller. Below 60 I buy. Above 2, I'll start the process of selling off on what I anticipate to be an Osisko like chart.
We will get there and more IMO. A 6km step out lends itself to that theory. I'd just like to see 3 or more drills sometime in 2011 because this property is so huge.
B