RE: RE: From IRWelcome folks, looks like are on the same boat this time,,
People are anticipating all good drilling news.... However is NOT really important for SP,, Management is !!!!!
Here are some other thoughts I have ...would share with you guys:
GCU.V / HLO.V
Both are in my porfolio and Both did PPs and hired IR firm this year... Let's see what happened after...
GCU.V was trading very actively past few session, I sold some but all, reason for that is NR on 6th April 2010:
https://www.goldcanyon.ca/i/pdf/2010-04-06_NR.pdf
"SP10-002 encountered 3.30 grams per tonne (gpt) gold over 64.0 meters(0.096 opt gold over
209.9 ft) including 5.86 gpt gold over 9.0 meters(0.171 opt gold over 29.5 ft) and 7.23 gpt
gold over 7.0 meters (0.211 opt gold over 23.0 ft). This intercept fills a critical gap in drilling
within the Portage zone and demonstrates the continuity of this zone from 50m below surface
to depths of over 200 m.
- SP10-001 encountered 1.31 gpt gold over 21.5 meters(0.038 opt gold over 70.5 ft) at
shallows depth in the Camp Zone. This intercept indicates that the deeper mineralized zone
encountered in historic drilling extends to surface."
Noticed Media gives GCU.V a big five ... says: " Junior jumped on GOOD gold discovery.... "
My Q is: Is it really "good" results to let SP pop up 100% overnight? with market cap stands at 30 Million?
"Two diamond core rigs completed 1,778 m (5,832 ft) of drilling in six holes in late February and
early March. Due to unseasonably warm conditions, the program was terminated early when it was
determined that winter road access was quickly deteriorating. This drilling comprises the first stage
of a carefully designed, three stage drill program to be undertaken over the next 12 months"
Noted HLO has access ....roads....power .... to get drilling done on site for most projects...
My Q is: Is it really good news to let GCU.V SP pop up 100% overnight? with market cap stands at 30 Million ?
As retail investors, it is not hard to pick some "undervalued" or so called "safe" palys... The hard part is timing the market and best management team.. HLO has sound GEOs,,,, We need marketing guys to create value for shareholders.... Time? Nobody knows even themself,, , This is the biggest risk for HLO at this stage... Who can find portfolio managers, traders... dealers....who would like co-op with HLO team.... Otherwise,, HLO is going to die here forever.....
I sold % GCU.V ,, have cash wait till HLO arrived at 0.05/share on Friday, bought some and will put my other buy orders in below 0.05 average down, THE WORST SENARIO is staying low 5cents for next 12-24 months... For me..I have being here with HLO since 2008.... I dont care 2 more years... , I also dont believe any traders, insititution dealers would short HLO for making profit...
Goog luck Michael !! Show us your muscles!!!!