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Greencastle Resources Ltd V.VGN

Alternate Symbol(s):  GRSFF

Greencastle Resources Ltd. is a Canada-based diversified company. The Company has interests in gold and base metals exploration and oil and gas exploration and royalties. It also has strategic investments in other companies. The Company operates through three segments: Investments, Oil and Gas Interests and Mining Interests. The Company's Investment segment comprises its investment in marketable securities and investment in private and public companies. The Oil and Gas segment is comprised of its oil and gas interests. The Mining segment is comprised of its mining interests in Canada and in the United States of America. The Company has a royalty interest in one oil and gas property in Alberta.


TSXV:VGN - Post by User

Bullboard Posts
Post by Kantenahon Feb 19, 2009 7:06pm
382 Views
Post# 15791178

Hype

Hype
I can't quite figure out the purpose of today's NR.  The NR tells us that Management is taking a look at the company to determine future investments and direction.  Isn't that what management gets paid to do everyday???  Therefore, management issued an NR to tell us that they are doing their jobs.  Hooray!!!

Of course the truly funny part of the story is that this meaningless release actually spurred a temporary spike of about 25% in the SP.  Just goes to show how crazy the market is these days when people will rush to buy over such a non-event as this NR.

JMHO

-K
Bullboard Posts