RE: Stock Price?? New Investor100% agree with people who believe this stock is currently undervalued... duh...WINNER!
(sorry, couldn't help myself)
last couple of days, let's face it, everything is down, and I find that when the TSX is down, people have less discretionary spending money for "penny stocks", and the ones that are above water are the first to go.
Plus, as mentioned before, I don't think this stock is particularly well known, so thin up and thin down.
I have been involved in more than one speculative stock - some have turned out, some have not!!!
More often than not, NOT :)
This stock is rock solid if there is such a thing.
They are not exploring, they have lots of gold, and relatively near the surface.
They are not raising money, been there, did that, got a crapload of money
They ARE firming up resources/reserves with agressive drilling, which they can afford
Lots of institutional investors, people with big blocks I believe - like that, because they usually do their DD
They have great people, and it doesn't seem like there is any pump and dump at all.
If it wasn't for me, tomato and WOG, there would be hardly any posts on here!
Only downside could be location/politics (it is africa - can't really get in the car and drive up there :)
Found this on wikipedia - sounds good to me.
In closing, if you have money, buy :)
If you have stock, hold.
Unfortunately, I am full up :( so go boy go!!!!
Politics of Ghana takes place in a framework of a presidential representative democratic republic, whereby the President of Ghana is both head of state and head of government, and of a multi-party system. The seat of government is at Golden Jubilee House. Executive power is exercised by the government. Legislative power is vested in both the government and Parliament. The Judiciary is independent of the executive and the legislature.
The Constitution that established the Fourth Republic provided a basic charter for republican democratic government. It declares Ghana to be a unitary republic with sovereignty residing in the Ghanaian people. Intended to prevent future coups, dictatorial government, and one-party states, it is designed to establish the concept of powersharing. The document reflects lessons learned from the abrogated constitutions of 1957, 1960, 1969, and 1979, and incorporates provisions and institutions drawn from British and American constitutional models. One controversial provision of the Constitution indemnifies members and appointees of the Provisional National Defence Council (PNDC) from liability for any official act or omission during the years of PNDC rule. The Constitution calls for a system of checks and balances, with power shared between a president, a unicameral parliament, a council of state, and an independent judiciary.