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Goldsource Mines Inc GXSFF


Primary Symbol: V.GXS

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 Grizzly44on Apr 25, 2008 6:03pm
337 Views
Post# 15011276

Split verdict

Split verdictSome think it is coming down, others seem to think there is a lot of room yet. There must be some traders who are familiar with the "normal" trading pattern in such a situation.  Buy-sell-or hold?
I held the stock for years and watched it go from about 40 cents to 20 cents under my  stewardship. I bought in today at $1.65, a sucker for punishment, or a long to ????? Fear and greed run the market.
My take is that it is mostly small retail guys who got onto it quickly, the larger resource speculators haven't spotted it yet. But they will - and they usually invest contrary to the majority of retail longs. 
If it is real, it is the best time to own a stock. Good luck to all. If it goes to a mine, the second best time is just before production starts.
Good luck to all.
Regards,
The Grizz
Bullboard Posts