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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by Geospoton Nov 09, 2012 4:54pm
160 Views
Post# 20583749

RE: RE: sad....

RE: RE: sad....

Diabase, I respect your opinion but I disagree. I think they have the right people, probably some of the smartest and most well-connected in the industry. You have one of the best exploration geologists in North America. You have one of the most respected mining engineers in North America. You have someone trusted by the Japanese who has spent a decade or more building a world-class rare earth business, who also knows the right people in the industry and every detail of the Springpole project. She is also trusted and connected to major investors in Toronto and overseas.  Surely when you see both a major investor who has intimate knowledge of the business and close associations with the board members as well as the CEO recently buying in the open market the only logical conclusion is that they see the current share price as a bargain and they don't expect it to go down, tax selling or otherwise. Nobody can time the market from day to day or week to week. It's been an ugly year for the juniors in general...if goes without saying. I think the board concerns themselves with the share price to a great deal (but not on a day-to day-basis, or even week-to-week), and since I have heard nothing but optimism and the word "undervalued" in that regard, I'm sure they are huddling to find the cause and cures for its current undervalued state. We have the PEA coming up, which promises to take the issue into a whole different phase from an investment perspective, where serious money and bidders replace flighty speculators looking for a pop from a drill hole. That is when many of the factors that management discusses (grades, consistency, friability, near-surface high grades, indicated vs inferred, etc.) really come into play.. I think the people buying today are looking to that horizon and looking for any new catalysts along the way. Only the board knows what new catalysts may be waiting in the wings. All just my opinions. Good luck to all longs, and gog.

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