RE: RE: The Gold Is There...Remember that YESTERDAY many of the buyers of ROXGOLD sold their positions because they had better than a 100% return based on buying when it dropped into the .40's and .50's. You can't blame them and I know that many of you don't as it is a prudent financial strategy to take money off the table. I had no intention on selling ROX even at $1.25 so my mind and conscience were clear and I knew the risks involved. The stock market at this time is VERY uncertain and thus people are skittish....HOWEVER, Roxgold seems to be drilling up some very serious numbers.
Have a peek at the MARKET CAP on Rox....it is tiny. Gold is pushing 1900 an oz...this is a no brainer. Many of us (I'm loaded up on this, so not me) have smaller positions (under 100,000 shares) and are looking for some "real" payoff before selling a winner. That is what I'm waiting for...multiples of this price. I'm holding Rox to the bitter end...meaning an NI report. I'd love to see what this company MAY be worth. I'm thinking multiple dollars for sure. One thing for sure however, is that there is RISK. Country Risk and Market Risk are two of the big boys in this discussion. If we can beat the odds of these two major risks I'm thinking that Roxgold will be quite a story in the coming year.
Good luck to you all and congrats to all who cashed out a little richer than they were last week! :-)
Atheena