GSR's Performance Today (Answering KOOLNED's QuestKoolned,
I am glad you asked the questions you did, and I'm being totally honest when I say that, because I think it provides a good opportunity to showcase something I think is important to note.
You asked:
If GSR is such a great company why is the share price dropping in a hurry?
GSR 52 week high 95 cents Now sitting at .43cents how do the pumpers explain that one?
Well, clearly the GSR shareprice has fallen, no one can dispute that. But the reason it has fallen has nothing to do with GSR in particular, but rather how investors are treating the gold junior market in general. In the recent market conditions we have seen, investors have fled riskier stocks such as junior golds, and thus the Yukon gold juniors have not fared well. Let's take a look at the table below for comparison, which contrasts GSR with 6 other high potential Yukon gold juniors :
| Company | SYMBOL | Today's Close | Change | 52 Week High | % Drop From 52 Week High | |
| Ryan Gold | RYG |
.91 | -0.04 (4.21%) | $3.64 | -75% | |
| Smash Minerals | SSH |
.50 | -0.15 (23.1%) | $1.39 | -64% | |
| Atac | ATC | $3.87 | -0.38 (8.94%) | $10.34 | -62.60% | |
| Golden Predator | GPD |
.68 | -0.10 (12.8%) | $1.46 | -53.40% | |
| Strategic Metals | SMD | $1.29 | -0.09 (6.52%) | $4.24 | -69.60% | |
| Kaminak Gold | KAM | $2.79 | -0.31 (10.0%) | $4.71 | -40.70% | |
| Goldstrike Resources | GSR |
.43 | -0.01 (2.27%) |
.95 | -54.70% |
|
In terms of being off the 52 week high, GSR is 3rd (and pretty close to being tied for 2nd) so not too bad (Kaminak being the best ... one of the reasons I hold their stock too). Now, let's talk about today's performance. GSR, losing 1 cent or about 2.27%, fared by far the best, even compared to the other top performers, and was an order of magnitude better than the worst. A very good sign on such a down market day. Also, take into consideration the fact that some of these companies in this peer group have actually proven up ounces, meaning they are that much closer to actual production (and hence less risky). The fact that GSR still stood it's ground says a lot.
As for your other question:
Question for all the pumpers on this board has GSR ever produced one ounce of gold or generated one penny of earnings?
While I'm not a pumper, I will still answer this question. The answer is, of course, no. However, GSR is after all a junior gold exploration company. These companies do not simply find gold out of thin air and start selling it right away. They trench, they dig, they sample, they drill, they prove up ounces, release their 43-101 ... do their feasibility studies, get their permits, build their mines ... and THEN start producing gold and earning cash flow. It's a long, capital and labour intensive process. It's why so many junior golds fail. But it's also why the potential payoff investing in a winning junior gold is so high. And it's why I have chosen to invest in GSR ... because they have the management, resources and properties to find the gold, prove it up, and bring it to produciton (or sell it to someone who can, at a hefty profit). GSR has what it takes to go from "I think there's gold here" to "now who wants to buy this 5 million ounce deposit?". They have already documented 3 potential company-maker properties in their NR's, and that is just a small portion of their 24 total high potential claims. Now that's what most people would call getting off to a good start.
Now, in fairness, since I answered your questions, I would like you to answer one of mine. Some time ago, I asked you a question to which you never replied, and I asked that question sincerely and genuinely. What is it you have against this company? What exactly don't you like? Is it just Mr. Koch, or is there something else? If Mr. Koch wasn't part of GSR, would you still feel the same way you do? I hope you will provide me with an answer this time.
Respectfully,
BUMBLEBEE