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GoldON Resources Ltd V.GLD

Alternate Symbol(s):  NCMBF

GoldON Resources Ltd. is a Canada-based mineral exploration company, which is focused on discovery-stage properties. The Company is in the business of exploring its mineral exploration assets. Its projects include West Madsen, Slate Falls, Pipestone Bay, Pakwash North, McInnes Lake, McDonough and Hagarty Creek. The Pipestone Bay Property is located within the Red Lake Greenstone Belt (RLGB) approximately 32 kilometers (km) west of the town of Red Lake, the 1,015-hectare Pipestone Bay Property lies in an area of numerous significant gold occurrences, including two past producers and four developed prospects. The Hagarty Creek property comprises 17 mining claims covering 7,731 hectares. The property is approximately 46 kilometers (km) southeast of the town of Longlac in the municipality of Greenstone, Ontario. The McInnes Lake Property is located over 115 kilometers (km) north of the town of Red Lake. The West Madsen Property is located in the heart of the Red Lake Gold Camp.


TSXV:GLD - Post by User

Bullboard Posts
Comment by Ghostofrljpon Dec 19, 2019 6:57pm
129 Views
Post# 30474720

RE:Based on their historical information

RE:Based on their historical informationIts a real big coin flip now. As in good luck. 

If they have the goods things will play out and one can get in an entry with a reduced risk profile post consolidation etc. Look at a chart of GBR. If you miss a pop there are plenty of opportunities to get in along the way. 

Buying after a run like this is just a coin flip with great risk. 

Just my opinion as a trader but if its a gold story with legs it will do what they all do. Rise consolidate rise consolidate etc. Now you are simply buying into a hope on a PR in your favor. A coin flip. Ask everyone at APX how that feels. And GLD could be way different but its still the same risk. 

Just providing a different perspective on how to play this. I will be watching and maybe have to buy a break out a $2 some day who knows but at least it will be a good probability trade. 
Bullboard Posts