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Goldsource Mines Inc V.GXS

Alternate Symbol(s):  GXSFF

Goldsource Mines Inc. is a Canada-based resource company, which is engaged in exploration activities. The Company is focused on the Eagle Mountain Gold Project (Eagle Mountain) for which it has a 100% interest in the Eagle Mountain Prospecting License (EMPL) and the Kilroy Mining Permit (collectively, the Property). The Property is located approximately seven kilometers (km) south of Mahdia Township (population approximately 3000). Mahdia Township can be accessed by road from Georgetown, a driving distance of approximately 325 km, or via air by a commercial flight. The Property consists of an area of approximately 5,050 hectares (ha) (12,480 acres) in central Guyana, South America. 4,784 hectares (11,820 acres) of the Eagle Mountain Property relate to the EMPL while 266 ha (660 acres) relate to the Medium Scale Mining Permit held by Kilroy Mining Inc. (Kilroy), on which the Company has a long-term lease with a 2% net smelter return royalty.


TSXV:GXS - Post by User

Bullboard Posts
Post by coffinraideron Apr 17, 2009 7:30am
305 Views
Post# 15925615

Not a good strategy

Not a good strategy
-Standing pat - at this stage of the game, only two things now can move the gxs sp up significantly - 1 - good drilling results - 2- anticipation of. ---- we stand 3 months maybe 4 at a minimum between now and the next set with no news of any great share price moving significance expected in between. - in normal times under normal circumstances a gradual downward drift in the share price would be expected and especially at this time of year - we don't particularily find ourselves in normal times or normal circumstances.
-This year the early bird, sell in May and go away first out the door crowd are already leaving the building - speculative sentiment of a very real and looming end to the current Spring bear rally now looking more real than ever has got many investers very nervous again and quietly heading for the gate to await the outcome of a likely market fallout safely on the sidelines. - a bad mix of circumstances brewing for gxs? Absolutely - it hangs thick in the air !
Bullboard Posts