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Gowest Gold Ltd V.GWA

Alternate Symbol(s):  GWSAF

Gowest Gold Ltd. is a Canada-based gold exploration and development company. The Company’s projects include Frankfield, Pipestone, Tully and Whitney. The Company is focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw) on the Frankfield Property. The Frankfield Property covers an area of approximately 842 hectares and is comprised of eight mining leases. The Company’s wholly owned Pipestone East Gowest, which consists of 21 unpatented mining claims (4,274 hectares). The Tully North Property is located three kilometers (km) northeast of the Bradshaw Gold Deposit and is comprised of one mining lease and one unpatented claim totaling 228 hectares. The Gowest Whitney Property consists of nine patented claims (mining and surface rights) totaling approximately 144 hectares. It is located in the center of the Timmins Gold Camp, 10 km west of downtown Timmins, Ontario and 25 km south of the Bradshaw Gold Deposit.


TSXV:GWA - Post by User

Bullboard Posts
Comment by migrantson Jun 06, 2016 9:45am
268 Views
Post# 24937193

RE:Migrant Your comparing Caterpillars to Butterflies?

RE:Migrant Your comparing Caterpillars to Butterflies? Thanks for your reply. In response to your question, I am here because I was a GWA shareholder until this morning, when I dumped the rest of my position for 0.09. Probably like you, I was initially impressed by the high grades and advanced status here and bought a bit for diversification. Upon closer inspection of the numbers, I discovered that this stock is fully valued, at least in relation to other mining stocks at the moment. I did make a nice profit on this one from my initial purchase. However, this stock is flat since the bull market began in February, whereas undervalued stocks are up 100-400%. I am noticing that a lot of people who have been jumping back into gold seem to be pretty unsophisticated. For example, I recently noticed that the warrants for Oban were effectively trading for more than the shares, apparently because investors in the warrants didn't do even superficial due diligence to understand that 20 warrants were required to purchase a share!  I pointed this out on Stockhouse and the warrant price immediately got cut by about 30% (but remains extremely overvalued). Anyway, there remain some profoundly undervalued stocks out there as well as some great arbitrage opportunities, but I wish you the best with your GWA. I doubt that you will see 0.15 anytime soon.
Bullboard Posts