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Roscan Gold Corp V.ROS

Alternate Symbol(s):  RCGCF

Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in West Mali. The Kandiole Project consists of nine contiguous gold prospective permits, encompassing approximately 402 square kilometers, located within the Kenieba Cercle, an administrative sub-area of the Kayes Region, approximately 400 kilometers (km) west of Bamako, the capital of Mali in West Africa. The prospective gold permits include Dabia South, Kandiole North, Kandiole West, Mankouke West, Moussala North, Niala, Segando South, Bantanko East, and Segondo West.


TSXV:ROS - Post by User

Bullboard Posts
Comment by Olderwisernowon Jul 29, 2008 11:31am
712 Views
Post# 15339286

RE: Only down another 27% today

RE: Only down another 27% todayThese shells maintain a value as long as they have not undergone a distribution of volume. These guys undoubtedly wanted a big run based on the news (IMO) so in that sense they may have lost money in terms of expectations. However, now they will probably just gather back in any stock they deem to be "cheap" and keep the real float as small or under control as possible. The shells only become worthless when the stock is out and it represents too  much float to control a promotion, and hinders the distribution of the closely held bunch. So, if you think these guys are great promoters, one would expect them to roll in some other situation, so they can still at some point promote this.IMO In other words, other than the market being lousy in general, and thus making these shells less valuable at this time, if you see a great promoter owning one and you can get in real cheap, it often is a great play. Here, I have doubts of course, because are the current owners able to have a great promotion or deal??? Now that is the question. I value this at around .10 and not much more, in terms of it being a deal worth speculating on at this time.
Bullboard Posts

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