RE:RE:RE:If the drill results were not good thenI think you were right on the money SilverKing, GSV did get ahead of itself and the market cap at 500 million was rich considering results aren't out and are pending. This week is the Sprott show in Vancouver and I assume that the staff are busy with that endeavour. What a perfect time for CIBC and the accumulators to mash the price down and create uncertainty while triggering stops.
We recently bought shares as high as $2.42 and have used this pull back to increase our position significantly. Take a deep, hard look at the current GSV investor presentation. There are plenty of new targets and every one of the existing finds are OPEN to expansion. I strongly believe that Dark Star South and Pinnion may be connected right down to the Dixie Prospect at the bottom of the Dark Star Corridor. I mean for frick sakes, you don't get the board of directors allowing words like District, Corridor, Window, etc unless you are very confident in what you are targeting. My understanding is that Jonathon is not a hype and promotions type of guy, he wants to deliver massive results.
As far as insider selling, some options were cashed in and sold at market, slightly higher than we sit back in June. Jonathan also bought 10,000 shares at $2.12 in June. When insiders exercise options and take some minor amounts off the table after five (or more) long years, I firmly believe they deserve it. If Jonathan was suspicious of any lack of results he would not be dropping another $20+K into the company, especially when he already has a large position.
Unfortunately for the large players and the algos playing with the share price, they need to re-acquire their shares, and we saw the support in GSV today. The analysts and industry know the value of this company and its multiple emerging oxide gold plays. Multiple! Open for expansion! Buying more shares today at 1.78 and 1.90 are a gift I didn't think I would get when we were at $2.25.......
Welcome to the markets, avoid the wolves, they will eat your young. GSV is about as safe a play as I have seen in 20 years of investing. The start of the day and end of day manipulation is world class for a reason. This is a world class company and a world class gold play in my opinion. Good luck, the next month should hopefully be worth the wait and the stress.