RE: RE: RE: By the time prefeasibility comes The following article pretty much sums up my feeling on the current market.
I sold some GIX @.40 but still have my core position. Will be watching closely around this level and waiting for some financing news before I start to accumulate. BUT remember These guys have identified 7 mineralized zones....if they poke a hole in another Tizate ...... whole different story. Patience has left the building GLTA
Brent Cook, Editor, Exploration Insights
FOCUS: Junior Mining Stocks & Commodities
Market Outlook: The junior and major mining and exploration sector is overdue for a bounce. However, I expect the bounce to be short lived, particularly on the venture exchange as it chews through the past two-year's 3,000 financings that raised over $10 billion. That is a heavy load to keep afloat when resource funds are seeing redemptions, retail investors are still underwater and most of these juniors will need to finance again over the next year. This is good for anyone with cash to deploy. I am beginning to see real value in some of the stocks and expect that as the good ones get thrown out with the bad, we are setting up for a fantastic investment opportunity this and next year. Patience, due diligence and selectivity are imperative as no one is going to bail out mistakes — there aren't many fools with money left in the junior market