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Canadian Gold Resources Ltd T.CAN


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

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

Comment by dpfor3on Sep 25, 2010 8:22pm
426 Views
Post# 17493076

RE: dpfor3

RE: dpfor3Kensin, I do respect your opinion and you do make some great points!  I'm not saying Canaco doesn't have anymore room to run, and it is has been in a class of its own lately, but I'm more worried about a broad market correction or a pullback in the price of gold.  Something has to give, and do so soon.  The bond market can't keep gaining while stocks gain, and the price of gold goes up.  One of these has to make a serious correction and my feeling is it will be the stock market.  I'm not sure how exactly this will affect Canaco, but with the run its had lately on just average drill results (last results) makes me think it could pullback further.  Obviously we'll be getting more drill results periodically and I'm sure that the stock price will go up, but i really think it needs a healthy pullback first.  You make good points about the TD machine, but another broad market correction will take out a lot of the remaining retail investors, which they're going to need to keep moving this SP up.
Again, its not so much this stock I'm worried about, its a deep broad market correction.  This is just my humble opinion, and I do enjoy taking a look at yours!
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