GYA.V - Trading PatternsMost investrors are looking at the trading patterns of these stocks, no one looks at the assets, and potential of the company ....
If the stock trades up in price ..... investors smile and says great things..
If the stock sells down ...... investors complain and say negative things.
Go to Las Vegas the same happens there and you knnow when you leave you leave with nothing, if you lose at the tables.
In the markets you still have the shares that you bought unless you trade them for cash. "PRICE IS WHAT YOU PAY, VALUE IS WHAT YOU GET"
Warren Buffet
"In every trade the other person believes the other person is wrong"
"Sellers think the buyers are wrong and Buyers think the Sellers are Wrong" Fyi, with the price of gold in the 1300's it may be of good timing for a lot of the gold jrs.
The Guyana Shield is a target for Barrick and with 110 M ozs of inventory it makes sense for Barrick to take an interest.
"Barrick keen on Guyana Shield, Canada for exploration: executive" Barrick Article LINK Barrick already has invested in Reunion Gold ( $10M) and will be seeking other suitable gold jrs in the region.
Guyana Goldstrike has a lot of attractive features which imo will attract Barrick. ( a JV or buy out is very possible )
Share Structure 53 M I/O ( Jan 2019)
Zijin Resource Funds 24% (invested 3.2M in 2018)
Advanced project ( 40,000 m drilling)
Two drilled out deposits
43-101 resource of 345,700 oz gold at one deposit the Mazoa Hill
Open Pit Mine
13,500 acres (54 sq. kms) in size,
5 -10 % of project explored to date
The new area the 2.5 km Toucan Ridge has consistently been successful by trenching & sampling for gold in the quartzite host rock as high 7 g/t
New geophysics will provide more depth to geological insights and drill targets
Mining Permit & License for production
Mining camp in place for prodcution