Canadian Gold Resources Ltd T.CAN

Primary Symbol: V.CAN Alternate Symbol(s): CDNGF

Metals & Mining Gold

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

Canadian Gold Resources Ltd

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Post by canagoldon Nov 09, 2011 3:51pm

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Post# 19223694

TD target reduced by $3.00?

It would be very concerning to me that TD downgraded it's price target to $5.00 from $8.00. Can anyone, expect Moneycop or Canacrap, explain the logic behind this move.
What is this 5.00 target based on and how does it differ from the previous 8.00 target?
Thanks.

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