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Desert Gold Ventures Inc DAUGF


Primary Symbol: V.DAU

Desert Gold Ventures Inc. is a gold exploration and development company. The principal business of the Company is conducting mineral property exploration in Mali. It focuses on its flagship 440 square kilometers Senegal Mali Shear Zone Gold project (SMSZ). The SMSZ project consists of Farabantourou project and Farikounda project. Its SMSZ Project is located in the country of Mali and overlies a 38 kilometers section of West Africa’s prolific Senegal Mali Shear Zone. The Company also consists of two-concession blocks (the Sebessounkoto Sud project and Djelimangara project, collectively the Altus Permits). It also has an option agreement for the acquisition of approximately 95% interest in Linguekoto Property and an option agreement for the acquisition of all the rights of a research permit in the Sola West area. Its subsidiaries include Desert Gold Ltd. and Desert Gold Mali S.A.R.L.


TSXV:DAU - Post by User

Comment by stocksnbondson Aug 12, 2020 1:24am
116 Views
Post# 31396252

RE:RE:ENDofStory(=gameOVER)

RE:RE:ENDofStory(=gameOVER)I've gone from my initial purchase of .12 to .29 today. My average cost is .17. 
I'd say this has been a good investment. Did you purchase at the highs? 
You need to ensure that you're ready for those steep POG declines. What happened today will happen often over this next year. I'm holding strong for a maiden resource. Today will also see another big drop in POG. Spot gold overnight currently is down over $28 USD to $1881 USD.  

As I've stated previously, everything hinges on the results of this past round of drilling otherwise, we won't get anything until the next drilling season ends. Patience is key with this one. The drilling results will be binary-- success in finding gold or failure and back to the drawing board. 

Hopefully you didn't lose too much? Wondering why you're bashing a stock which has in essence more than doubled since April? Perhaps stick to actual producers? Those are perhaps more along your investing basket of stocks. DAU is exploring, not currently into "making money." It's job is to find gold -- not make a profit producing-- at least not yet. 

Good luck,

sb
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