Gowest Gold Ltd V.GWA

Volume of 100k today

[Traderfan]

Today we managed to get 100k in volume on the venture. And we are down 13% on that. How can you not love all of this?

[Tim2Agami]

... especially since it could be had under 15 cents only five months ago

[Traderfan]

Yes but at that time the company was on the verge of bancrupcty and gold was several hundred dollar lower. Big difference. 

[JMark80]

Gold could see low $1700s this fall, maybe lower.

[tubgirlkid]

$2700*

[JMark80]

Nope.

[Tim2Agami]

Indeed, and but shortly after insiders bought on the public market at 20 cents --- sending what sort of signal? Anticipating bankruptcy or seizing opportunity?  Jan 16/20 Elliott, C. Fraser Direct Ownership buy Common Shares 0.200 257,500  Jan 16/20 Frostiak, John William Direct Ownership buy Common Shares 0.200 257,500 Jan 16/20 Huang, Demin Direct Ownership buy Common

[Traderfan]

That wasn't even the point, not sure how you come to this subject. And btw it means nothing. These "insiders" have been so wrong for so long or do I need to remind you at what prices they bought over the years and what amounts just to see them on the verge of bancrupcty if there wouldn't have been a white nite showing up at a crucial point a few months ago? It means zero. 

[Tim2Agami]

[Traderfan]

I bought as well below 20 even below 15 and some close to 10 cents. That's all good. If someone is taking some profit here why not. My point is that we either do zero volume for with no price action or 150k with down heavily. To sum it up, there is no one that wants to buy here, apparently it's too expensive. If someone has to sell a few he needs to go deep every single time. 

[Tim2Agami]

I continue to agree with your basic thesis that recognizes the fact of low to no volume and current lack of interest.This is no stock for those who are fans of trading, and while easy to accumulate (and it is to shudder to hold more shares than, save and except for Elliot and Quitilian, any director), it is hard to liquidate. Nevertheless the underlying asset has measurable value, is in a safe

[Traderfan]

 Tim2Agami wrote: "Nevertheless the underlying asset has measurable value, is in a safe jurisdiction, is surrounded by ppl who  know and appreciate the culture of mining for gold" Well yes, that is the reason I'm still here. They got to deliver something now and soon. As I said before, not wait until Gold is at 1300 again. 

[JMark80]

Which junior has better risk/reward?

[rockport1]

To name a few I like. ATC: District scale project in the Yukon ($63M Mkt cap; currently @ 2 Moz res) NHK: District scale project in the NWT ($90M Mkt cap; currently 2.M oz res) GPY: Brewery Creek mine restart in Yukon ($66M mkt cap; currently 1.5M oz res) KORE: Imperial project in California ($180M mkt cap; currently 5M oz res) .DSV: Cordero high grade silver/gold in Mexico ($680M mkt

[JMark80]

Thanks! I like the project as well, but agree about mgmt.

[Traderfan]

I have no idea. Not into mining stuff at all. Last stock I will ever play in this sector.