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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by catsaftermeon Nov 11, 2012 2:35pm
185 Views
Post# 20586622

RE: RE: RE: RE: RE: To be..or not to be....

RE: RE: RE: RE: RE: To be..or not to be....

you need a catalyst for share price volatility....its coming.....here are countless junior mining stock bagholders who were buying at much higher prices and those bagholders include retail, insiders, and institutions, and they are not linited to GCU by any means.  The landscape is ridddled with hundreds of junior mining stocks rain wrecks.  This stock will evalue itself at some point, and it will happen quickly, so if you sell, you run the risk of missing whatever triggers the revaluation.  In he meantime , there is no real bid for the majority of the non producing juniors. That will change at some point also. As long as there is no real bid from retail, etc, the potential acquirers think that they have all the time in the world to make their decisions  to act to acquire high quality assets.  That dynamic will change when sentiment changes.  You must be able to wait this out, for it will happen like clockwork, eventually.  Who knows when, but it will happen. That is not to say that some (few) junior mining stock management teams are MUCH better at knowing how to support their share price than others.  GCU hasnt even had a real management team until Tony was appointed. Everyone else was basically a consultant or an absentee management type. That has changed,  Give it some  time.  Between the lag time to next catalyst in preparing the PEA, the huge warrant expiration (i.e. financing) that just transpired, and the year end tax and lemming related sellling, I suggest that one let this dynamic work on your behalf and use the stupidity to increase your positions and average dpown your price.  Thats the way the game is played with these illiquid event driven junior mining stocks. Its ALWAYS been like that unless its a raging bull market for gold stocks-wghich it is NOT right now.  But, if you ask me, that bull market is in the midst of developing, and its gonna be fricking HUGE.  But like anything worth its while, its going to require patience and it will probably extract more pain. Thats just the nature of the beast.  But it will be worth it.

 

As long as the asset is a quality asset, which it IS, and as long as they can arrive at an attractive NPV, which I think they will, you must take advantage of the blue light specials and take advantage to the dumb arrses whom are booking their losses.

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