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Gold/Mining/Energy : GSS-Gold Star Resources
GSS 3.900+0.3%Jan 27 4:00 PM EST

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From: Richard D3/16/2006 6:53:32 PM
   of 200
 
Nice sale of Moto today, for a cool 39 mill. Nice timing.

Money good for earnings, balance sheet, to fund Prestea Underground or St Jude, or to buy back $525 gold call options.

10K delayed, but not material to real economics of GSS, just a question of accounting rules, which is nice to know.

16 million shorts (maybe more by now) just prior to options expiration. Could light a fire. Very high short number for this stock.

Upping rating to a 10, especially with the recent Prestea reserve announcement. Only concern is sector risk short term, but that could go either way.
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