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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
Comment by jumpforjoyon Dec 13, 2010 12:00pm
261 Views
Post# 17838276

RE: RE: RE: No bottom line but the fact remains...

RE: RE: RE: No bottom line but the fact remains...Markets always react before the news comes out; too many people connected and too many to accuse of insider trading; what came first, the chicken or the egg.  When news comes out, share price, more often than not, drops slightly unless the news is out of this world and, if that is the case, where the news is out of this world, the stock will experience an incredibly large gap-up that will scare the small-fry, me being one of them, and it will allow the deeper-pocketed investors to ride it out while I look for something like Canstar, where I buy in too early and then wait to break even or make a slight profit. 

I've averaged down enough with Canstar that, if everything goes well with the 'process' of finalizing a favourable decision, a decision that I got pumped about when I bought into the Canstar story a few years back, then I will be a more than happy longterm investor.  If not I will continue trying until I find a successful investment that will make up for this loss.  Yes, I buy too early most of the time.  It's hard to know where it will bottom out; it's all about timing and if you can ride it out.  If you are investing into Canstar, or similar investments as Canstar, with the need for an immediate return my suggestion to you is 'STAY AWAY.'  If you are investing, and are prepared for the longhaul because you are not privy to information when it first begins to surface, then Canstar may make you a wise investor someday.  I'm hoping to become a wise investor someday.  It's worked in the past.  I just wish I could hit on each one of my investments just before they begin to spiral upward.  The stress of having to wait so long can be cruel but what the hell.......this is why I do it.  I love the highs because of all the lows I get into........I believe psychology would define this as a form of narcissism.  I don't know whether that's good or bad but I like it...........
Bullboard Posts