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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by Geospoton Dec 13, 2011 3:50pm
198 Views
Post# 19318478

RE: RE: next financing!

RE: RE: next financing!They have plenty of cash. And last spring when the SP was around $4.00 the gold price as represented by the GLD was about 139 -- compared with 158 today. And since then the drill results have expanded the resource significantly, plus we're probably only weeks away from a NI. When markets get scared like this it's usually the juniors and explorers without money or access to financing -- or without results that demonstrate a large resource -- that get hammered. Therefore, IMHO, the price decline recently is just inexplicable and stupid. Certainly nothing to do with granting options, which is the normal course of business. Let's hope this is just temporary stupidity and it gets washed out soon.
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