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Delta Resources Limited V.DLTA

Alternate Symbol(s):  DTARF

Delta Resources Limited is a Canadian mineral exploration company. The Company is focused on the exploration of two high-potential gold and base-metal projects in Canada. The Company’s flagship project, Delta-1 Property, is located 50 kilometers (km) west of the City of Thunder Bay, Ontario, on the surface and adjacent to the Trans-Canada highway. The Company has a 100% interest in the Ternowesky property, further expanding its land position at the Delta-1 property in Thunder Bay, Ontario. The expansive property consists of 443 claim units spanning over seven townships and covering over 93 square kilometers (km2). Its land package covers over 306 square kilometers (km2) in the central portion of the Shebandowan Greenstone Belt. The DELTA-2 property covers 205 square kilometers (km2) in the prolific Chibougamau District of Quebec. The property holds the potential for gold-rich polymetallic VMS deposits as well as hydrothermal-gold deposits.


TSXV:DLTA - Post by User

Bullboard Posts
Post by taylor1988on Jan 02, 2011 12:09pm
395 Views
Post# 17916188

Just getting ridiculous

Just getting ridiculousHonestly?
Hoov and the boys smoking cigars laughing about shareholers they duped out of money?
The attempts at bashing here are just getting pathetic and they don't even warrant responses.
If anyone here was foolish enough to buy the stock above 70 cents they need to have their head examined as this stock was nowhere near supporting a market cap of over 100 million 3 months ago and still can't support that type of an SP.  Anyone who's lost money here simply bought on the optimism of other investors and didn't bother to do any meaningful due dilligence. 

The company has a massive land package in one of the most prospective areas of Quebec and just taking a look at their website you can see the potential for more gold bearing zones to be found.  The 88 zones pending results have 50% visible gold and if you look at the SGH anomaly maps on the site you can see that the red mineralized areas showing potential for gold are much more dramatic in size on areas of the map where we have yet to explore.  If you bothered to even take a look at the "big red blob" northeast of our current drill campaign you would see that it's area is larged than the T1/T2 and 88 zones in size and we've yet to even touch it.  The SP was clearly ahead of itself at 70,80 and 90 cents and was a screaming buy in tax loss season in the 30's.  If you haven't managed to average down and save some cash for tax loss season to back up your nonsensical buys or average up's in the 70's then you only have yourself to blame and shouldn't be investing in the Junior Resource sector.  I've made money on GNH despite finding the stock at 48 cents as it was clear that the SP was moving too far and too fast when it was banging up against $1.00.  I still have kept much of my position and while I had some paper losses in October and November I simply averaged down as I see much more blue sky potential here than other plays currently trading at the same market cap.  While this stock has technically been beaten to a pulp the last couple months the market cap does not justify the opporunity we have here in being one of Quebec's largest finds and a massive 20km belt possibility to boot. 

The article's been posted here at least five times in the past week for people to see and you've managed to shake the stock a measly 5%.  Anything under 40 cents is a steal and while your ultimate goal here is another descent to the 30's after the recent PP this won't be happening as people can see the bargain here.  If you believed in the stock and did your DD at 50 cents and 60 cents then besides being fully invested I can't see what would be stopping you from buying at this point unless your DD was incomplete.  We know they're now drilling more areas and have a much better chance at proving up a belt and we also have bulk sampling results to look forward to in the new year which will help quantify our grade.  If late drill results are your primary reason for selling then be my guest but Seafield's drill results took 5 months from their drills starting turning and NOTHING was issued in the meantime in terms of progress on their drill campaigns.  Despite these delays and selling pressure on the stock it had the most significant runup on assays as I've seen of any stock in the past month going from 0.19 to a high of 0.77 on the close on 70 million + shares.  Sell this stock below where you've bought it if you truly believe the story has changed but I only see more likelihood in proving up this deposit than what I started doing research in June. 



Bullboard Posts