Re: Think about it - Buying GNH now?
in response to
by
posted on
Feb 25, 2012 12:54AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Hi Snug-nice to hear from you!
Are you coming to PDAC this year?
I just wanted to comment on this line of yours:
Remember, some folks have bought at 10 cents, some at 20 cents. They'd love your 30 cents
From September 15th to January 25th when most of those shares from 10-20 where available, there was 10.157M shares bought and sold at an average of 15.2 cents. Since January 26th and our 6000g/t assay, we have traded 14.168M shares at an average price of 26.4 cents. So most people that wanted a double or so and did not plan on holding long term have most likely sold out already.
I am sure we will have a steady supply of sellers as we move up as GNH established many resistance points on the way down but I am not too concerned about the people that bought at 15 cents. The flippers probably already flipped and the guys that want to see the story develop know we are just starting. We hired SGS on April 19th and did not announce our first drill program from them until May 19th. We have been getting solid results since then and until I see that changing, I will continue to support the company.
G.