Post by
Goldexplorer on Apr 23, 2019 11:15am
GSV takes a dive!
Stunned investors: I too am a long time GSV shareholder. I could see this plunge coming for some time. GSV has some very real deer-in-the-headlights management issues. They lost their focus some time ago when they charged off to drill Jasperoid Wash, Dixie and other Pinion Range targets rather than prioritize their pre-feasibility study on Dark Star. These new targets failed to delight shareholders due to low grades and that vaunted prefeasibility study was never completed as advertised. Meanwhile back they raced into the snows this past winter to complete more definiton drilling at Dark Star that should have been completed long ago.
Meanwhile Newmont opted to joint venture their Nevada mines and exploration properties with Barrick. There went their preferred buyer off to rescue Goldcorp mines and projects. Oops! An opportunity was clearly missed.
GSV shareholders had better demand a bettter plan of action from the GSV management, or new management, and soon. These bosses got caught with their pants down pure and simple. Now investors are running for the exits in a crisis of confidence! Buckle those seat belts if you are riding this out! GSV is in a world on hurt, despite a good, potentially economic product. These guys have been drinking their own cool aid for too long!
Comment by
Zonk123 on Apr 23, 2019 3:17pm
Not sure about that. Goldcorp has a stake in GSV, and due to the merger between Newmont and Goldcorp, Newmont has a stake in GSV. So they should have their foot already in the door... That's my understanding / hope.
Comment by
gisellekronk on Apr 23, 2019 7:40pm
zonk123 , goldcorpse and oceana gold both have about 13 % of gsv , i see that as a large part of the problem . nobody will make a run at gsv without first making a deal with the 2 major shareholders . gsv will slowly drift down or up with the price of gold .