And what's that about hindsight being 20/20 ? If on the "slim to nil chance" the Ashanti deal falls through, I doubt that GSR would give BGI the same deal they they just turned down. See quote below taken from GATA stuff:
<<The gold investment game has changed overnight. I think the coming play
in the gold share sector will be the small junior companies that have
found gold resources or reserves. Gold in the ground and no, or few,
hedges in place if they are a gold producer, too. I am picking up some
of these babies
One of my bigger gold stock positions is one such company: Golden Star
Resources on the AMEX. GSR is trading right below one, once traded at
21, is a Frank Veneroso favorite, and has 6 properties (most in the
Guyana Shield) that could become significant mines. I found out today
that two highly regarded hedge fund managers are bidding for the stock.
Many of the little guy gold stocks are nowhere near where they should be
price wise. That is because some long time shareholders of size are
selling now. They can get out, where they could not do so easily two
weeks ago. These types do not believe the gold move is for real, so they
are giving the stock away practically. They will be very sorry. As the
price of gold moves up from these levels, these little golden jewels
should shine as investments.
Gold price dips can, and will, occur at any time. They present buying
opportunities.
All the best,
Bill Murphy, Chairman
Gold Anti Trust Action (GATA) gata.org>>
Winzer |
