Post by
ss1867 on Oct 21, 2010 1:18am
ADDED MORE TODAY
With 170,000 oz. indicated allready, plus new targets that look very promising, plus a relatively small float....I think the recent dip to the 8 - 9 cent low will just be a liitle blip on the chart 3 months from now. Panic selling on a misunderstood and perhaps dissappointing NR coupled with shallow stop loss points being triggered has cleaned out the weak holders here. Judging by the amount of shares that were bought in the mid 20`s all through this summer, on can surmise that all the cheap shares have been sold. Gold continues to impress as the USA debases their currency to prop up their exports in an attempt to keep their very fragile recovery moving in the right direction. And by most accounts this fragile recovery is going to be a very long, drawn out and painful stint, this bodes well for the upwards direction of the price of gold. With a better round of results from the current drilling, this company should take off....management needs good results before returning to the market for the next round of financing...alot is riding on this round of drilling. Management knows this and no doubt has picked the best targets. Decent volume to the upside today dictates the direction of this stock....back to the high teens, with a possible road block before nudging back into the 20 cent range leading up to drill results. There will be lots of penny flippers up to 15 cents who will be happy with their fast gains, but these shares will get chewed up pretty fast on our way to 20 cents. I added another 100 thousand today to my position. If we hit good intercepts and start looking like a million oz. gold company, nestled in a very favourable district....A big bounce will come....which of course will put us in the take over spot light.....which in turn will fuel another big bounce. This company looks very compelling at these trading levels. An easy double back to support in the mid 20's-------- GLTA.....SS
Comment by
deet on Oct 21, 2010 9:03am
Great post, ss1867. Thanks for sharing the many compelling reasons for investing in AJC. The people who believe in this company's potential couldn't agree with you more.This round of drilling is important indeed. The annual meeting is on November 12th. It wouldn't be a fun meeting if we're still sitting at a dime.deet