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Fury Gold Mines Ltd AUG


Primary Symbol: T.FURY Alternate Symbol(s):  FURY

Fury Gold Mines Limited is a Canada-based gold exploration company. The Company's principal business activity is the acquisition and exploration of resource projects in Canada. It owns a 100% interest in the high-grade gold Eau Claire project, which is situated on over 23,000 hectares (ha) in the Eeyou-Istchee James Bay region of Quebec. The Eau Claire project is located approximately 800 kilometers (km) north of Montreal and 350 km northwest of Chibougamau. It owns a 100% interest in the Committee Bay gold project located in Nunavut, Canada. The project includes over 250,000 ha, situated along the Committee Bay Greenstone Belt (CBGB). The CBGB comprises a number of Archean- aged greenstone belts occurring within the larger Western Churchill province of north-eastern Canada. It owns a 100% interest in the Eleonore South project. The Eleonore South project is located in the Eeyou-Istchee James Bay region of Quebec, approximately five km south of Newmont's Eleonore mine property.


TSX:FURY - Post by User

Bullboard Posts
Comment by morriconeon Sep 15, 2008 5:45pm
400 Views
Post# 15457866

RE: Gold and Silver Up

RE: Gold and Silver Up"I am still surprised there is a fair bit of sellers willing to part with their money at .10 cents  a share....."

I don't think it's a case of voluntary selling. I think across the entire commodity group we've been seeing seeing forced selling to raise cash.  eg You have a $5 stock that you get a  margin call on. You can sell out and take your loss there or if you really like the stock you can dump your smaller holdings like Augen to raise cash you need.  Or maybe in the US you dump all your small stocks  to try and raise cash to hold off your mortgage foreclosure.  Or you work for a big US merchant bank and you just got a pink slip so you sell your holdings to raise cash because your family's going to need it to live on for a while. So many scenarios and all of them bad for stocks. The value of any company is meaningless in the current situation which is a near panic.
Bullboard Posts