Re: Results--- cannacord sells on good news
in response to
by
posted on
Nov 21, 2011 12:56PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Deeter, what you say is just one thing that happens with news in the markets. Usually this takes place when a stock has a run.....up. I get your point and agree that they may have quite a time buying cheaper.
another thing that happens, and especially with this economy, political mess, debt crisis, falling gold price, and whatever other bad news there is, investors sell just to raise cash and feel safe. I wonder how many of us feel safe in these markets?
I can only see these results as encouraging but nothing to get excited about. I look at the .69/T grade and was a bit deflated. Isn't this below a reasonable grade to make a mine profitable? I'd like to know why some of you are so happy with these results besides the fact we are still finding evidence of gold.
I am not worried about the sell-off and weakness with the share price. With these markets you know the decimal point has to move one place to the right for the grade, and even then I wonder if we would squeeze out a few cent rise. Still holding with hope like the rest of you.