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Goldsource Mines Inc 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 AuContraireon Apr 07, 2009 11:36am
395 Views
Post# 15902024

My Take ??

My Take ??Some congrats are due to the Diamante crew for their negativity.  Congratulations.  See ??  But this is by no means an end to the whole play.  We didn't get the big ' buy-in ' news either. However for me as a long time player it only reinforces what we already know but fail to act on.  " Gut Feelings ".  We allow our greed to sway us.  Time and time again we said ' Something's not quite right '.  But we failed to own up to it and we held, and held, and held. We did not want to admit it. The selling here was constant.   And like I also knew but don't seem to be able to admit it to myself .. in this game rarely do you get a resounding sustained YES or a definitive NO.  Most times you get a MAYBE. As geos we like this stuff but as market players we don't.  The market does not buy Geospeak. I'll keep holding at this point but if I find a better deal now I'll do some switching.  Bottom line ?  The Market is never wrong but few can really read what it is saying because our emotions over-ride us.  And of course Greed plays a big part.  Back to the drawing board.
Bullboard Posts