Discussion in 'Stocks & Derivatives' started by Dusty, Aug 30, 2012.
Is anyone in these guys?
Black_Sun likes em
Ive owned shares in them since 2010
the kiss of death
Did scafold say yes? I better get out then
I've got some.
Im out of GoldRoad
Transferred my loss over to Crusader Resources today.
Mathematics were better
up 17% on this day... [email protected]!!
Ignore it (IMHO) unless you are a good trader.
Shares on issue are big, retail ownership is big, history of raising money via placements
IMO risk/reward ratio is better elsewhere
A lazy $500 might be well placed in some smaller companies at the right time, but dont waste it on movement
Concentrate on resource size/land size, cash on hand, burn time and managment
If they cant survive for a few more years (2) without raising money - I say dont bother
If they can and are trading at cash or near cash value (with a decent resource grade) the odds are in your favor
This market is too undervalued to prop up undiserving companies who are sucking up investment dollars away from the quality companies.
GOR should have had a different business model, their land is too big for such a small company, they should have farmed the projects out and retained royalties and percentages. Managment (IMO) are not wise.
nice move over the last few days
its on my watchlist but I dont hold
Jumped in a couple of weeks ago under 5c. must thank dusty been watching them for a year.
Up to ten cents today. If it goes to ten bucks I'll be mildly wealthy
I use to own em from 2010 - 2012, I had a lot of issues with how the managment were running the company.
They have so much land - and want to explore it all themselves. I really believe the best way to use the company was to farm out descoveries and turn themselves into a royalty company. As it is they have had to inflate their shares to handle such a large land holding.
Really annoyed me, trying to generate hype through media releases. I had another look recently and they seem to have some good drill results, but once bitten twice shy.
Always appreciate your input SS
they do have a joint venture going with Sumitomo for up to 8 million in exploration on one of their prospects. I keep an eye on them for future reference.
Between GoldRoad and BRB (i think they are called Breakaway Resources) you can own a stake in the ENTIRE area... Breakaway consolidated the tenaments to the west or Gold Road.
Beadell has land around there (south) and obviously AngloGoldAshanti/IGO JV in the south.
trying to break out
consolidating its gains. pick up a few a little while back as another punt.
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