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GoldON Resources Ltd V.GLD

Alternate Symbol(s):  NCMBF

GoldON Resources Ltd. is a Canada-based mineral exploration company, which is focused on discovery-stage properties. The Company is in the business of exploring its mineral exploration assets. Its projects include West Madsen, Slate Falls, Pipestone Bay, Pakwash North, McInnes Lake, McDonough and Hagarty Creek. The Pipestone Bay Property is located within the Red Lake Greenstone Belt (RLGB) approximately 32 kilometers (km) west of the town of Red Lake, the 1,015-hectare Pipestone Bay Property lies in an area of numerous significant gold occurrences, including two past producers and four developed prospects. The Hagarty Creek property comprises 17 mining claims covering 7,731 hectares. The property is approximately 46 kilometers (km) southeast of the town of Longlac in the municipality of Greenstone, Ontario. The McInnes Lake Property is located over 115 kilometers (km) north of the town of Red Lake. The West Madsen Property is located in the heart of the Red Lake Gold Camp.


TSXV:GLD - Post by User

Bullboard Posts
Comment by xdmmdx3on Jan 13, 2011 1:51pm
260 Views
Post# 17967239

RE: RE: RE: RE: Markets ...

RE: RE: RE: RE: Markets ...stack:
"Lets face it, the results were not earth shattering. In fact they were down right poor. Best intersection was 6.5 grams over 5 FEET. Not metres, feet. This is why the stock is down today. No conspiracy, no games, just a disappointing initial result set. Not to say they wont improve from here and I'm not selling at these prices either. I do believe their land packages warrant a higher share price but defining and analyzing take time and this is a long process until they can pinpoint the best areas to drill. Stock is back down to 0.095 / 0.10 where it should bottom out again until future developments I would imagine. Bottom line - disappointing results but its just the beginning and they still have a load of potential."
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No, they weren't earth shattering at all, then again the stock didn't skyrocket on the potential either.  I think you are missing the point here, and maybe it is because you are accumulating like I am.  I'm just not afraid to tell people I'm doing it, mostly because either people don't believe you, or it doesn't really impact their buy/sell decisions.

The real point is finding GOLD is better than finding none.  And most people believed there was NO GOLD AT ALL in the Pickle Lake drilling. It was very early results and very few drill holes.

So all in all, they are on the right track.  I'm finding it harder and harder to buy under 10¢, but maybe people will get bored and move on, we can always hope.  I'm pretty happy to see the price weaken, but I'm convinced we can't talk it up or down, that's why I just speak my mind.

Good luck to you,

x
Bullboard Posts