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Canstar Resources Inc V.ROX

Alternate Symbol(s):  CSRNF

Canstar Resources Inc. is a Canada-based company. The Company is focused on mineral exploration in Newfoundland, Canada. The Company’s flagship exploration project is the Golden Baie project in south-central Newfoundland. The Golden Baie and Hermitage Flexure claims held by the Company cover 939 square kilometers (km2) along the eastern and southern margins of the Exploits Subzone of the Dunnage Zone, which hosts of the gold deposits and discoveries in central Newfoundland. The Buchans-Mary March Project is located in central Newfoundland, approximately 20 kilometers northeast.


TSXV:ROX - Post by User

Bullboard Posts
Post by richsooneron Oct 03, 2012 12:54pm
276 Views
Post# 20443129

Patience

Patience

We should be very close ... SP is sitting pretty between $0.24 - $0.27.  We have recently created a new 52 week high.  Remember this thing shot up to a $1.00 in 2002-2003 and what was gold & silver going for back then? Not nearly as high as it is sitting right now.  I cannot see Xstrata walking away.  Just look at the results from 10-12 years ago.  They are AMAZING!! The press releases like to label them "HISTORIC." Huge billion dollar conglomerates don't walk away from potential prospects very often.  I would assume that they will be in as it isn't in their interests to walk away.  Also, we would have heard if they weren't interested because bad news travels really fast.  The fact that we are still waiting shows me they ARE interested. Unfortunately, Xstrata is big enough to not feel the need to rush anything.  They have the FUNDS and EXPERTISE to really speed things up once drilling has been announced.  I don't think it's in Harry's interests to try and bully them into making a quick decision.  Bottom line, we are so close and Harry who has got to be in his 70's now, has waited a long long time to do this right.  "TO DO THIS RIGHT" .. Meaning, play the game properly ... because when all is said and done ... this company could be the talk of the country.  We should be on our way sometime this month.  I wouldn't dwell on the 30 days ... If it takes a bit longer, who cares because if this is done properly, we will have no speed bumps up ahead.  I''m betting on Xstrata being in - and if they remain our partner in the future -  it is best to accomodate them as together, they will work more efficiently if we play "friendly" now!  Early October, Mid October or Late October it doesn't matter.  I see this month as our last chance to get in cheap.  I don't want to be banging my head against the wall wishing I had bought more at these prices.  Unless your house is being foreclosed or you  need money to bail someone out of jail (LOL) .. I don't see any reason why anyone would get out now (even if they bought in at $0.06.)

Good luck to us all

Bullboard Posts