Of great interestHello to all....have had the adventure several times previously of buying into junior Golds that have taken off.....a little caution to all.......the euphoria of this AM has to be looked at as a profit taking moment. This thing is a long way from either a buyout, or a mine......
What is of great interest is the conference call. The maps etc are all fine if you have some clue as to what you are looking at. Only one of the callers happened to pick up on the fact that the holes were being reported out of line. 16-08 was the biggie that they announced....what is of great interest to me is the 16-01 hole....according to the call, it was collared, and drilled to a certain depth......and not finished till later. That's the hole I would give my eye teeth for......drilled from a lower height into the side of the bump....at the same -45 angle......if it shows anywhere near the same results as 16-08....back up the truck at that point.
Till then, a spike to 4.10 this AM should have all those in at a much lower level pulling the pin on at least a percentage....4.10 would have been nice, but 3.75 or higher should have had some of you getting ready to profit take....even if it was to take some cash off the table, if not to buy back in this afternoon at a still high price.... Risky, but what do you call investing in junior golds!
My two big home runs in baby golds are Ventana and ATAC.......ATAC hit 10 bucks....from 80 cents .....and I probably bought and sold 5 or 6 times.........they are further along now, and it hasn't broken a buck in two years.....and had 16 million in the kitty as of year end. Sound familiar?????? Oh yeah....their land position is 1700 ! Square Kms...100% and they have Carlin type gold ...... one hole is 42 plus meters grading 18.44 per ton....my point is ....you all should go back and listen to the call....and every other thing you can get your hands on about the deposit...the people, and those that have big dough on the counter in this play. If you don't have a target, that means you have 10 times the money you need to retire, and it's not on the table here......if not...get one, and stick to it. Not all at once....what would you be happy to sell some at......and then what the next level would be....
GLTA
Cheers
MC