Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by Geospoton Jun 21, 2012 11:26am
375 Views
Post# 20039185

RE: RE: RE: RE: Letter to Bob Moriarty re GCU

RE: RE: RE: RE: Letter to Bob Moriarty re GCU

In the past bashers have, as they do in venues like this, come on with false identities to either make it appear that there are more people negative on the stock than there actually are, or because they have been ignored by so many for ridiculous comments. In the case of this company, they almost always touch on the issues that you mention in your post, which in my opinion are just red herrings. The simple answer to the question of why GCU is at this ridiculous valuation can be found in a quick comparison of the stock to any measure of the boarder juniors, whether it is your own basket of explorers, the GDXJ or whatever. That said, if in April 2011 anyone had predicted that the drills would have produced these kind of results they would have been dismissed as some sort of pie-in-the-sky whacko. The fact that those results have not lifted GCU higher (way above trend of the other beaten down stocks) even in one of the sh-tiest markets ever has certainly not been lost on management or the major investors. These is smart management connected to the smartest people in Toronto and elsewhere, and so they did just sit on their hands in frustration but have taken decisive action. Take a look at all the developments and recent news from the company, in fact look what is not being said, and it's not hard to read between the lines. In my opinion they are doing everything right with the new people brought on recently. IMHO, if we make it to Jan 2013 without an acquisition, you will see a dramatically different company with a dramatically different share price and probably traded on the TSX vs. the TSX.V, and probably a pure gold and silver play with the focus on the larger Springpole area. Anyone who did not fall off the turnip truck in the last little while only needs to read the drill results, look at the modeling (which is available on the website) listen to what Quinton is saying about things like high-grade and 'district' potential new zones, look at the CVs of the new people coming in, etc. It's not hard to read between the lines. And regarding the question of going to $5, well I don't think these people came onboard just to see $5, and they chose this project over many many others. There I have flapped my gums and given you a respectful reply.

<< Previous
Bullboard Posts
Next >>