Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: Any Significance?
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rj
Mar 22, 2012 08:00AM
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Mar 22, 2012 09:00AM
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DWM
Mar 22, 2012 09:27AM
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Mar 22, 2012 10:22AM
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Mar 22, 2012 10:23AM

It appears their plan has been working. We had a high of .32 in the past month and today .215 just some 9 days away from the much anticipated 43-101. My understanding is the SP is supposed to be increasing in anticpation of the 43-101 and then may either pull back if there is not a stellar report or continue climbing if better than expected (seems like 500,000 has been thrown around alot here). The whole PM market has acted completely contrary to the norm.

The share price tends to increase before things like a resource estimate or other news when the market is anticipating favourable numbers or news has leaked out. The reverse would be true too. It is also possible that the resource estimate is going to be late and the market does not like that.

The other thing is that the market just does not seem to like gold stocks lately. Most of my mining stocks have been down in March including GNH. At times like these you need to have some cash and try pick a bottom.

Bob

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