Post by
Oldschool2022 on Nov 11, 2022 6:00am
Gold is up $10 per ounce in overnight trading.
We have an interesting situation here. Gold is up about 10% this month coming off the bottom of the chart. It looks like it’s going to break out of this trading range. With over 2 million combined ounces in the ground here and a turn key mine every $ gold goes up should add value to the sale price here. If gold continues and can break $2000 per ounce before the sale process closes we could have a bidding war for this premier asset.
Today trading at .02 per share ( year highs over $1 per share) I’ll be adding to see what happens. All the bad news has been priced in. As speculators start to buy up the cheapies the share price will trend higher. I think we could head towards the .05-.10 price range in the coming weeks. Which would be a 250-500% return from today’s closing prices. Happy trading here cheers.
Comment by
CanadianAnimal on Nov 11, 2022 9:04am
I couldnt agree more! I hope I didnt jinx myself. If I could stand to risk an extra 20k right now I would probably buy up if I could get some. And If I lost it I wouldnt have enough for high grade lube. I have an old soap dispenser that I could air nail to the headboard. Fingers crossed.
Comment by
CanadianAnimal on Nov 11, 2022 9:07am
Laughing and joking around makes things light and helps me out. This has just been a Debbie downer bone kill for so long. Need something.