Ashanti Gold Corp. GULSF

RE: NR this week?

[deli]

As I mentioned in my post yesterday I was going to sell some when the bit hit the water and I did exactly that today. When the price of GUL came down in the past few months I bought more at 35 cents and sold half my position today with more than a 20% profit. I will let the other half ride and see what happens. As I predicted the stock is down on news of spudding. It ALWAYS seems to happen with speculative stocks probably because some investors are hit with the reality that they may find nothing and being nervous nellies they bail out. I sincerely hope that we are successful this time because if not Gulf Shores will hard pressed to get the market excited about Ridgewood, their next project. Good luck to all and here's hoping.