Canadian Gold Resources Ltd T.CAN

Primary Symbol: V.CAN Alternate Symbol(s): CDNGF

Metals & Mining Gold

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.

TSXV:CAN - Post by User

Canadian Gold Resources Ltd > Are These Results Considered To Be Good?

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Comment by Durkastanon Aug 03, 2010 10:31am

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Post# 17316854

RE: Are These Results Considered To Be Good?

Classic case of sell on news.

The SP ran up 30%+ pre-NR. Clearly the news had already been discounted, and maybe some.

The news is good. The strike has been extended, and the ore body continues to become larger and better defined. There will be many releases like this over the coming months - you can play the trading game and try to time peaks and troughs, or just let the day traders do their thing and endure the swings.

I'm tired of trying to time it - I've missed out on a lot of gains trying to get cute.

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