just some thoughts for the frustrated.
posted on
Oct 15, 2010 08:23AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
to all, not to preach, just some food for thought. first i'd like to say that the term "investment" has been thrown out a lot lately. if you're looking for a solid 10% return with no risk, leave now. GNH is a canadian venture gold explorer, it does'nt get any more "wild west" than that. this play will most likely see huge spikes and dips over the next couple years. i would'nt mortgage my house or families future on it, but it does appear to be one of those 1 out of 10 that could hit big.
second, if you hav'nt noticed most of the solid experienced posters here have not been posting recently. my guess is that they are seriously lurking, studying drill hole maps and preparing thier strategies for the next PR results. i know i am...results from hole 127 is something everyone is anxious to see; HOWEVER, hole 127 is NOT the most important hole IMO...judging from the drill hole maps a few other drill holes could expand our tonnage exponentially. those are the ones i'll really be watching.
as far as patience, mis-leading statements, disappointments go. it's all relative....try being a shareholder in KRY (the biggest gold nightmare on bay street for years)...most of the very experienced junior/explorer investors here have taken some huge beats over the years and while it is an expensive lesson to learn, if you survive it, it can pay off in the long run by giving you a "dis-passionate perspective" ...never fall in love with a stock. research it as much as possible, follow your own trading rules and try to stick with those rules...
GNH went from .06 to a buck and back to .50 within a year...personally, i could'nt be happier because i believe the next move will be upward again...if gnh can drop 50% on a PR that was considered "disappointing" what could it do on a stellar report? there are a lot of eyes on this one...
many folks have said it, and i'm quickly joining the camp that says "if you believe in the geology and that bulk sampling will prove more gr/ton than drilling, then keep an eye on the tonnage and as we progress with the bulk sample results we will be handsomely rewarded. if you are to the point where you dont believe this, then you should absolutely get out.
here's to some good results. for me that means proving more tonnage (for the long term)... and maybe a little glory hole to impress the masses (for the short term)...
GLTA