Post by
checkmate99 on Aug 13, 2015 1:08am
I hope gold goes to 900
This will cause a huge drop in production.
Comment by
PatchHand on Aug 13, 2015 5:35pm
That wouldn't help us. If anything, if gold went that low, I'd be more inclined in buying the blue chip gold stocks as they'd be so suppressed but more capable of a rebound. I'd make damn good money on the good companies rather than risking it on venture stocks.
Comment by
birch1 on Aug 14, 2015 9:15am
I hope this gets bought out at $0.20
Comment by
Ticalian36 on Aug 14, 2015 12:08pm
New 52 week low. How low will she go? I'll be happy just to break even. Damn you Glenn Laing. Ruined this company
Comment by
nightcrawler000 on Aug 14, 2015 1:00pm
I have a nice, big order in at half a cent. Just saying...
Comment by
checkmate99 on Aug 14, 2015 5:54pm
I'm just saying gold has to hit a hard hard bottom first to really shake up the industry and shut down some mines. If it collapsed to $900 now, that would cause a major and quick lowering of production. Then the sp will go up when gold starts climbing and you could have a chance of breaking even. May take awhile though.
Comment by
PatchHand on Aug 17, 2015 12:44pm
If mines shut down than they would need to reopen well before any "new" mines in political chaos of a south american country. EGX is a low priority in that scenario. We need high demand for gold where current mines are unable to meet that demand. Why open new ones if that isn't the case.