Detour Gold Corp DRGDF

Nice healthy required correction for Detour

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t has been an interesting past couple of days for both Pelangio andDetour shareholders.  Clearly the price of both stocks had gotten aheadof themselves with people buying on rumour the last few days and nowselling on news. Nothing ever goes straight up and the 10% declinetoday is normal with speculators cashing out.  The 13-16 million ounceresource is excellent news with the outlook being to expand theresource even more with additional drilling both in the eastern and thewestern sections of the pit. (certainly expect in excess of 20million).  We had Cannacord raise their target today to $32.25 from$28.60  and Haywood also raised their target price to $26.00.  Was alittle surprised at the call from the private shareholder during theconference call.  Had no clue what the irate shareholder  was ramblingabout during the call and after reviewing the BNN interview stilldon't.  Certainly didn't find anything inappropriate in what Pannetonsaid during the interview.  Bit of a strange question from theinterviewer who apparently wasn't aware of the history of Detouracquiring the property from Pelagio. Certainly not Pelangio's intent toincrease their ownership stake now.  Panneton simply stated ownershippercentage of Pelangio was 50% at time of initial transaction based on20  million shares and percentage has subsequently dropped due toadditional financing and will continue to decrease in the future asthey bring the mine to fruition.   These are the facts.  Like or leaveit.  I commend Mr. Panneton on his composure on handling these ratheridiotic and moronic demands for him to resign.  Last I looked DetourLake had gone from a $3.00 stock to over $21.00.  Pretty dammimpressive track record. To me the CEO  seems to be a man of integrity,very conservative in nature with a vast impressive mining knowledge.To be blunt the caller on the other hand came across as a lamebrainidiot.  Shame that such a positive major announcement would be impactedby an individual who failed to think before he spoke.