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Bullboard - Stock Discussion Forum Gold Canyon Resources Inc V.GCU

TSXV:GCU - Post Discussion

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Post by Torontonian52 on Sep 24, 2013 10:16am

realism

"the tendency to view or represent things as they really are"


As much as I want GCU to be successful the realist  in me says this is dead money for a long

while.

How long?

Nobody knows?..

What do we have to look forward to?  A couple of infill drill results.

What is that going to do for the stock?

The  only fluctuation   I see here is the price of Gold daily bounces.

The only way to get things back on track is an influx of money.  Say at least 10M.

THis would give GCU enough ammunition to drill the heck out of the new target zones.

Even if we are half as successful as the first big drill program we would have 8M OZ of Gold.

This last PP of 3M plus is just to survive.

The question remains how in the conceivable future can we raise real money at a much higher

share price in order not to cause to much dilution. i can't see it happening any  time soon and

maybe never.

Please feel free to comment for all the board to read.


 

Comment by OldManWinter on Sep 24, 2013 2:24pm
you would think that management would want to use this period of soft prices to try to advance the project further for when the sector turns around they can boast a better/derisked project. Higher gold prices and a more advanced project would lead to a higher valuation. The market now just does not want to pay for a company that is doing jacksh&*t. 
Comment by lilarose on Sep 24, 2013 2:31pm
I had heard that they were doing some drilling at this time, and trying to advance the road and the relations with the nations.  Unless that has stopped, I think they are trying to advance it.  Has anyone heard that they are not?
Comment by Torontonian52 on Sep 25, 2013 1:17pm
Yes infill drilling to prove up resource .  Permiting to build the roads. Again how does this get our share price up ?
Comment by lilarose on Sep 25, 2013 1:29pm
My reply was in answer to a comment that nothing was being done, and to follow up on the other comment, " that management would want to use this period of soft prices to try to advance the project further for when the sector turns around they can boast a better/derisked project"  I would think that doing the drilling, road progression, etc, does show that something IS ...more  
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