This is a very quiet board. I haven't paid too much attention to this stock for awhile but have been curious to see what is happening with it. I found a post on SH today from Stockgains that is worthwhile reading. I'm posting it below for those of you who haven't seen it.
I got into this stock in July and bought way too high. It was one of my "learn from your mistakes" experiences when I had the day off and got too trigger happy on news (I've just been investing since near the beginning of the year). So I guess I'm in it for awhile as it is in my RRSP. I bought 10,000 shares at $0.595 (Yikes! you say - what a foolish thing to do - I agree) - over 60% loss shown. I wonder how long I will have to wait until I at least break even (not whining - just curious). Guess all we have to do is get some good news again and it may come back next year. The post from IR below looks promising anyway.
Is anyone else here in it for the long term and what kind of term are you looking at to see some nice profit?
Good luck everybody.
Goldie
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Posted by Stockgains last week
Here's the relpy I got from IR yesterday regarding timing of results: "I'm sorry but I don't have any new information on when the drill results will be ready. We have over 10 holes of core in with the labs but unfortunately, they are extremely backed up.
What I can say is that our drill program has been very succesful in that we have drilled out over 50 holes since mid August and are currently drilling a long (deep) hole on the Kena Gold Property as well. With gold prices close to $800, it is an excellent opportunity to see if we get mineralization at depth which could significantly increase our gold resource.
We'll likely shut down drilling in December as the snow piles up and move the drill rig underground where we will resume drilling (this time for moly) in the new year. We still have lots of cash in the bank so we are will financed for further exploration work.
So, yes, drill results have been extremely slow (slower that we had anticipated) but on the positive side, once we (or the labs) get rolling, we will have lots of drill results coming out this winter from so much drilling!
Keep patient and we will keep you posted."
