GREY:GIXEF - Post by User
Comment by
comet52on Jun 29, 2012 1:08pm
381 Views
Post# 20069294
RE: RE: RE: RE: RE: RE: RE: Geologix to Carry Out
RE: RE: RE: RE: RE: RE: RE: Geologix to Carry Out A 6.88 g/t gold result didn't move this sucker one cent. That's pretty amazing when you have companies releasing smaller results all the time and considering it positive. It's inevitable they would finance to keep it going. The potential is still good.
We're just at the bottom of a junior market depression and I doubt anyone here who was saying the bottom was in months ago saw this coming. So neither did mgmt. It's easy to take shots at them but then again, this will keep the company alive during a time when a lot of juniors are going to go under due to the market and lack of financing.
If/when the project pans out down the road, the share price will reflect that. But I think all juniors right now are looking at 12-24 months or more for a real recovery, exception being spectacular finds or a buyout which will happen to some.