RE:RE:RE:RE:When is this going to moveThe new movie "GOLD" is a BreX scenario in which investors are defrauded by a pre-production stage gold miner that salts the core samples with tiny amounts of gold in order to vastly overstate resources/reserves in the ground. When investing in gold it might be wise to avoid this risk by limiting yourself to companies that already have significant production - like GCM.
Of course investors did get hurt. Early stage producers often hit snags and delays and end up burning cash long after they were supposed to be producing at a profitable level. This arguably
was the GCM situation - also something to avoid.
Better to buy a company that's already proven itself with production & profits, with a rapidly improving balance sheet, but does not yet have this reflected in the share price. Look for one that had earlier problems ramping up production in a timely fashion & experienced a resulting drop in share value. Then wait for year end when existing shareholders may take advantage of the low share price for tax loss purposes & drive the price down even further. If you're going to invest in a gold miner, that should be the type of opportunity you look for.
-GLTA!
9rookie wrote: what are you talking about , there is always news , higher output for the last quater , lower AISC , more resources .....but none of this affects the stock price.????????????? i think the common stock stock buyer is getting F*cked.....watch the new movie....GOLD.