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Grande Portage Resources Ltd. V.GPG

Alternate Symbol(s):  GPTRF

Grande Portage Resources Ltd. is a Canada-based mineral exploration company. The Company is focused on the Herbert gold discovery situated approximately 25 kilometers (km) north of Juneau, Alaska. The Company holds a 100% interest in the Herbert property. The Herbert Gold property system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The Herbert Gold project is an exploration stage, partially drill-tested, high-grade, gold mineralized mesothermal quartz vein system in the historic Juneau Gold Belt of southeast Alaska. The project lies prominently within the 160 km long Juneau Gold Belt, which has produced over seven million ounces of gold. The project consists of 91 unpatented mining claims, located 25 km north of Juneau and to the south of Couer Alaska's profitable Kensington gold mine. The property covers six parallel vein structures exposed at the surface.


TSXV:GPG - Post by User

Comment by flash338on Sep 14, 2020 4:28pm
85 Views
Post# 31554616

RE:Todays Trading

RE:Todays TradingMy brokerage account notifies of insider selling. I haven't seen anything pop up though it's delayed a few days. I'm thinking just some range trading, possibly boredom or profit taking. Could also just be some of the cheap PP still burning off. Earlier this it that's what I was thinking when I saw larger orders capping price. Then the whole sector shot up and it looked like they just keep retrenching higher up hill. Also, we've had a very nice run up. Why take the chance that drill results disappoint. Even the best of them have drill sets that are below average. I've completely changed my strategy from where I started 6 or 7 years ago. I keep very few core positions now and try not to speculate on drill results or a discovery being made. I mostly follow the charts now and sell into volume even on core positions. One strategy that's common for pre-discovery plays is the shotgun approach. Put a little bit in 10 or twenty of the better ones and hope one hits it big. But... average them out and see what you get. Usually it's not pretty. I mostly trade threw a list of what I would consider the cream of the crop mostly looking a chart patterns and technical indicators. I also look for value which means the company has something to but a value on, a resource. That's what drew me to GPG. As far as insiders sell because they already know the drill results... I'd say we've all had a little too much time idle time here waiting. I'm getting stir crazy myself but regardless, we have a descent resource for a base. Even if insiders saw a couple of mediocre holes a head of everyone else I don't think that would change their investment thesis.
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