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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

Post by aardvarkson Dec 14, 2010 7:39pm
359 Views
Post# 17846881

1 billion market cap

1 billion market capThis stock has had a great ride, and nobody should be disappointed, unless you bought in the last 2 days, lol.
I don't post much, but I sold out 2 days ago on the stall, and am going to wait.  The market cap is rich for any
explorer, and it needs time to flesh out, to get to mining and put money in the bank, and so on and so forth.
Many are correct in saying that right now, a lot of it is speculation.  Only a 43-101 can put the seal of certainly on the
ounces in the ground. 

It's now up to the company to flesh out the project, put up the money needed to get to the point where it's either
mined or bought out, and then present what they have to the shareholders.  This takes TIME.  In the meantime,
I am sure the market cap and story has not escaped the shorts with this price, and any weakness in the POG
may attract quite the sell-off.  I'll be waiting near the bottom if that is the case.  Nobody buys and holds forever.

Good luck in all your investments!

Cheers
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