Gold at the bottom?https://www.stockhouse.com/Columnists/2012/Apr/25/Buy-gold-stocks-today
With regard to GWY specifically, I'm beginning to get nervous. Five months without drill results just doesnt make sense. That they want to include as much drilling in the resource estimate doesnt preclude releasing drill results as they become available. In fact, it would allow investors to make their own rough estimates of the resource. I understand that delays happen, with drilling, with the labs, with reporting.... but management should have released some drill results, however minimal, with an update on the status of drilling and of the resource estimate. Keeping shareholders in the dark is just poor practice.
Then, there is the whole issue with Calvista and rights. I know some have tried to reassure that it is a non-issue, but at the least it raises flags about managment. How could they have missed the payment to keep the land?
As for Batista, well, I think he wants the whole mountain, including GWY and EOM. What worries me is that he didn't become one of the richest men in the world by overpaying for assets.
GWY has a compelling story. High-grade gold at California next to and between La Mascota. High-grade gold at Vetas next to CBJ. Resource estimates pending on both sites. Let's just hope we get some news from management to show these projects moving forward.