Signal Gold Inc T.SGNL

Gold Up, Anaconda Mining Down - What's Going On?

[NLMoose]

Once again, Gold futures are going up, but Anaconda Mining is heading down again.

That breaks the Laws of Gold Stocks as gold prices go up, gold stocks usually go up, not diverge like Anaconda is doing now.

Just a few weeks ago, Anaconda Mining shares got out of "Penny Stock" territory in trading at a record high of $1.03 a share, and now its down to 85 cents a share.

Based on my 2000 shares of the company, an 18 cents a share drop means that I lost $360 from the value of Anaconda Mining shares since.

Perhaps there's insider trading or Anonymous unlawfully bidding down its stock, and not even know it.

[Benji 2000]

Hi NL Moose, I agree with you and i don't know whythe share price goes down... but i just add more shares at that price and waiting for better day... Have a good day !!

[longagau2]

Moose, think of this period of time like training in the gym for powerlifting. The gold price going up is almost like steroids to ANX growth while the muscles are getting stronger already with the mine development. Who cares about what you can lift in one particular day compared to the last, in the long run, you'll keep building up more strength and skills and gearing up for the competitions

[5er]

Yeah, there is not always an instant correlation as gold has also been seesawing up and down.  Stop worrying about our stock seesawing as well.  In sync or out of sync with gold, does not matter right now.  What happens over the rest of this year and the next 2 years is what counts.  Watching it daily is just unhealthy.  It will jump to $1, $2, and $3 over the next year or

[Rogg47]

Still, the past trading days are pretty dissapointing, can't even build some momentum, bring some volume, down 20% on what was supposed to be a good PEA for ANX...  

[NLMoose]

Please don't equate Powerlifting to Anaconda Mining. I've been investing in Gold stocks since 9/11 2001 when the commodity became more popular. One thing I observed with Gold stocks over the years is the direct correlation between Gold futures and gold stocks. Usually, when Gold Futures go up, gold stocks uslally follow.  

[sledig]

Yes the correlation  is there, maybe with a senior gold stock but not explorers and or juniors which is what Anaconda is. I have 30000 free shares life is good. Stop your whinning

[NLMoose]

You forgot one thing. Anaconda Mining is a Gold producer like Marathon Gold and Altius Minerals, not just an explorer. That's especially true for Anaconda as they have Gold mines in Baie Verte and Goldboro.  

[GrumpyInvestor]

Now I understand why you are constantly repeating the same rant over and over. You view ANX as a producer more than an explorer. For your information, there is no mine in Goldboro. What we have is a clear plan to develop a mine in 2023, but there are still a lot of steps before we get there. As for Baie Verte, we have a mill, but our current mine is running out of economical ore to process (2 year

[sledig]

Read my post again moose. Anx is not senior producer, it's an up and coming junior and explorer hence doesn't always follow the gold price.  Throwing the baby out with bath water is what's happening today. 

[5er]

Another thing NLMoose, you keep arguing that everything is not following the normal.  We have had this conversation before, pray tell, what was and is normal for the past year and a half.  Old normal is no longer the normal.