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Roscan Gold Corp V.ROS

Alternate Symbol(s):  RCGCF

Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in West Mali. The Kandiole Project consists of nine contiguous gold prospective permits, encompassing approximately 402 square kilometers, located within the Kenieba Cercle, an administrative sub-area of the Kayes Region, approximately 400 kilometers (km) west of Bamako, the capital of Mali in West Africa. The prospective gold permits include Dabia South, Kandiole North, Kandiole West, Mankouke West, Moussala North, Niala, Segando South, Bantanko East, and Segondo West.


TSXV:ROS - Post by User

Bullboard Posts
Comment by scissors14on Nov 29, 2004 11:24pm
82 Views
Post# 8245440

RE: Chef

RE: ChefI take issue with your points. They seem more aimed at Chef (as the title of your post not so subtly indicates) rather than make a well thought out contribution to the board. I thought you were going to leave this personal crap on the old GCF.H board? IMO Chef has been the top contributor on the board for the past many months. He kept people in the loop while the exchange went through a longer than anticipated and complicated process of approving a Russian company president and Board members, likely Russian assets coming in, a 1 x 2 reverse and a listing up to a higher exchange. I thank Chef for the effort he put in (I've never met the guy, don't know him personally). First, no venture board stock is easy to short these days. No reputable broker will let you short a stock that trades under $5 and usually it has to be on the full TSE, not the venture board. There are still a few bucket shops out there breaking the rules but they are getting busted one-by-one. Their clients who short are usually the slimiest of investors who operate, often illegally, from offshore. Second, this company has traded on tier 2 with the symbol "ROS" for 9 days! It is trading higher than it did on the "H" board. Half the volume today was between .90 and .99 before a couple of late trades took it down to .79. The closing bid was .81 so obviously there's support/"protection" on thin volume. Somebody wants the stock. Third, the public has been provided with a lot of information. There's good info on this board as to what's likely coming next (not just from me but I can find my posts quickly as references): https://www.stockhouse.com/bullboards/viewmessage.asp?no=8728368&t=0&all=0&TableID=0 https://www.stockhouse.com/bullboards/viewmessage.asp?no=8718207&t=0&all=0&TableID=0 In regards to the symbol being "still messed up on many sites", it's been 9 work days since the symbol changed! It often takes a month before all databases get updated. It's not the company's responsibility. Those sites provide info to their clientele and it's their responsibility to have a decent link with the exchange to upgrade info. The big sites that have the most traffic have the updated info (yahoo, stockhouse, stockwatch, alphatrade, etc.). The stock has rallied since the symbol change (from the 20's to the 40's pre-split) and your prediction that it would "drop back to the low-seventies by day's end" was flat-out wrong. The bid is in the low-80's. I'm one of those investors that has held for a long time and am quite content to do so and am adding on dips where prudent. I know of others who are doing the same. So I don't know of anybody "hitting themselves for not selling" and anyone who is/was is probably out by now. I see patient accumulation going on in anticipation of news. Big things could be coming for this company. Management is very sophisticated in international finance, seems to have background in some big Russian mining plays and has been around the public markets in both Europe and North America for a decade or more. The Board has the top dogs from both High River Gold and Intrepid on it along with the Russians. They have their own money in the company and the structure is pretty tight. So continue to short the stock if you can be believed to be actually short. One day soon you will likely wake up scrambling to cover as quickly as you can.
Bullboard Posts