I guess it depends somewhat on your time horizon. The price of gold may rebound in weeks, months, years, decades....who knows.
GMD has significant assets in gold and diamond exploration projects. Sometimes it takes people weeks, months, or years to recognize the potential, not everyone realizes it at the same time, but many people are willing to express an opinion. I'm no different. I just think I came to the conclusion that the Royce Property is of significant interest and has excellent potential sooner than others. I think the same of the Discovery Project, but being right years before others come to the same conclusion can be just as painful financially as being wrong in the first place.
GMD has changed substantially in the past year, but it still holds the same principal assets. One is hot, the other is not so hot in today's market. Two years ago the reverse was true.
I have a sneaking suspicion that the resource market is cyclical, and that commodity prices vary with time. Market sentiment moves with commodity prices, although it is not always reflected in the junior mining market. There are juniors, and then there are juniors. A panel of analysts at an investment conference were once asked to name the three most important feature to look for in a junior company, and the answer was unanimous...people, people, people. Properties and money can be obtained by good people. Good properties and money don't necessarily attract only good people.
Dave |
