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Canstar Resources Inc V.ROX

Alternate Symbol(s):  CSRNF

Canstar Resources Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties located in Canada. The Company’s flagship exploration project is the Golden Baie project in south-central Newfoundland. The Golden Baie project is the Company’s flagship precious metals exploration asset. Its 100%-owned Golden Baie Project (548.75 square kilometers) hosts 93 kilometers (km) of a structure similar to Newfound Gold's QueenswayGold Project. Its Buchans-Mary March projects (65.75 square kilometers), which include a Glencore joint venture, are located within the past, producing VMS zinc-copper-silver rich Buchans Mining Camp and boast high-grade zinc and copper discoveries. The Buchans-Mary March Project is located in central Newfoundland, 20 km northeast of the same geological group that hosts the former producing Buchans Mine. Its wholly owned subsidiary is Altius Minerals Corporation.


TSXV:ROX - Post by User

Bullboard Posts
Post by jensen383on Aug 14, 2009 10:57am
279 Views
Post# 16219151

No Volume

No VolumeI wish that more people would get frustrated or nervous awaiting for the decision and sell some shares cheap. I guess I should have bought more in July instead of waiting till August.  It is almost impossible to buy any shares at a reasonable SP. To buy  200,000 you have to pay up to $0.19 or more. At that price too much of the positive decision gain is already in the price (in this market without Mary March this is a $0.07 stock at best). I am not sure that a positive desicion will bring the stock over $0.25 except maybe higher the day of the news release. It may be easier to buy a high number in the days following the news relaese when the short term investors start taking their profit on the cheap they accumulated over the last few months. The real gain will be once the drilling is underway and they start to produce their own assay results. I have lots of shares and don't ind waiting (have been doing that for a few years now)
Bullboard Posts