My average cost is around $13.50 and waiting for gold cycleto turn around out of control of the paper gold contract markets of the COMEX and
LBMA.
I'm not waiting to sell DGC on the cheep by sleeper board members who have been
given commands to undermine wanted companies by big gold companies. And certainly
not to big gold companies that are going through a lot of difficulties like ABX ie
Barrick, is going through.
All the gold stocks are waiting for the gold cycle return and staying like that for years
because the bull equities bubble has over extended itself and can't be sustained by
QE money printing or normal business practices.
All central banks are trying to restore interest rates to normal levels but can't under
the reckless practices of QE money printing and indebting to death for years.
Some gold stocks whether
venture with no production or mid tier and established with production, are doing
marginally good, at present very suppressed gold prices, but for the most part, most
are waiting for the COMEX and LBMA precious metal exchanges to lose control
of determiing precious metal prices with paper contracts of them, insteadl of physical
supply and demand determinancy of precious metal prices. The latter would have
gold's price at thousands of dollars now, and not the present $1230 or so.
That is probably within 2 years and could be this fall, the way the world's debt
has grown astronomically, beyond 100% of GDP, can't be turned over, can't be
paid off, can't have interest rates go beyond 5% or so without the interest on the
debt crowding out gov't budgets around the world and without the long overdue
equities bubble finally collapsing from exhaustion, insustainable practices and normal
cycle turn over.
Collapsing, not just for several years but years, since so damaged the world's
financial, debt and currencies system has become. for years.
Therefore selling DGC on the cheap to another gold stock also waiting for everything
to turn around in gold's favor for years, with it's own problems at these artificially
constrained low gold prices, is not a sound, logical and sane business plan and model.