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GoldON Resources Ltd V.GLD

Alternate Symbol(s):  NCMBF

GoldON Resources Ltd. is a Canada-based mineral exploration company, which is focused on discovery-stage properties. The Company is in the business of exploring its mineral exploration assets. Its projects include West Madsen, Slate Falls, Pipestone Bay, Pakwash North, McInnes Lake, McDonough and Hagarty Creek. The Pipestone Bay Property is located within the Red Lake Greenstone Belt (RLGB) approximately 32 kilometers (km) west of the town of Red Lake, the 1,015-hectare Pipestone Bay Property lies in an area of numerous significant gold occurrences, including two past producers and four developed prospects. The Hagarty Creek property comprises 17 mining claims covering 7,731 hectares. The property is approximately 46 kilometers (km) southeast of the town of Longlac in the municipality of Greenstone, Ontario. The McInnes Lake Property is located over 115 kilometers (km) north of the town of Red Lake. The West Madsen Property is located in the heart of the Red Lake Gold Camp.


TSXV:GLD - Post by User

Bullboard Posts
Comment by Alchemist7on Jun 02, 2010 8:54pm
368 Views
Post# 17152615

RE: RE: RE: RE: As I expected

RE: RE: RE: RE: As I expected
I suppose the good thing is that most of the speculators have moved on.   In this crummy market , vilume can also be deceiving , dart321  ,  in that  the "speculaticve" volume is gone,  and there is NO volume for the "holders" who know the real story.   Volume was nothing today.  There were days where I bought today's entire volume.   Look at May 31. 2010  = Volume  20,500 !!!  THAT was crap volume!  What was that all about??

jbarrow --- today's trading seemed to be just "churning"   between bids and asks  (  .135 / .145.   Besides lack of speculative volume,  we are entering into the "dead" part of the year for the small mining stocks.  I don't expect ANYTHING exciting until Lake Shore Gold and HOC and  ( ??? )  stirs things up again in November.  If you believe the story after your DD , then be thankful that you can buy cheap.  I know what you mean re:  EXS   .   I have some expensive, but am waiting for the $ .30 cheap to average.  I am now averaging with  MKR to hold for the future.    If you're trying to trade  NCM , you've already lost.   If the story is good, and the results back up the story,  you don't lose being a "holder"   I am a LONG-TIME holder of Holmer Gold Mines  since 1993  ( Now Lake Shore Gold )  .  I am a  long-time holder of West Timmins Mines since 2006  ( Now Lake Shore Gold )    I plan to be a long-time holder of  Newcastle Mining.

I do trade ---  mostly on the big swingers like Goldcorp  ---  sometimes in a couple of days.  Harjay is right.   PATIENCE is a requirement for this stuff.  Harjay is also right in that MANY things WILL affect the price and volume.   GOLD is helping us.  Low volume as dart321 says, will be hurting us.   Countrys wanting Gold will help us.   A buyout or discoveries around us will help us.  A market collapse will hurt us  (temporarly).   Right now,  Maund  (sp?)  ( newsletter ) and Richard Russell ( Dow Theory Letters)  are calling for a collapse that will surpass the 1929 market crash!

With these things in mind, factor in your own personal / family / financial situations.  Make your  OWN choices and don't be swayed by posters , including myself, on these boards.  Factor in your age, your health, your tolerance for the swings of the market.  Above all, do due-diligence on the stock you are entering.

I'm sure all who remain here will notice how little of us are left?   Perhaps we are the "INVESTORS "  ?

Thanks for letting me have my say!

As Always, The Best of Luck to All of You !

Alchemist7

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