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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by Geospoton Apr 05, 2012 12:03pm
234 Views
Post# 19763334

RE: RE: info being withheld

RE: RE: info being withheld

I'm not happy with the price either. But I have done my due diligence on this company to the extremis, and have done it again with the drop. I've seen the cores, analyzed the results, seen the projections, trust the management and am impressed by the major shareholders and the plans for the next six months. I can find nothing 'wrong' or hidden. All I see is it getting dragged down willy nilly with the market. This really got crazy in the last quarter. Do a simple comparison with similar exploration companies and juniors. As ugly as things looks (and don't think I didn't have one finger on the buy button and one finger on the cap of the Alka Seltzer bottle this morning), you'll find that GCU has been trading at trend with others or above. That comparison, for example, will show Canaco, which you mention, running about 20% below GCU's trend and BAT which came out with a resource at the same time is about 40% below trend. Even the majors have taken a hit. The current valuation looks rediculous, no insane, but that's only my opinion. As you say, can only hope the mighty market concurs very soon. GLTA

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