Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: loantech who wrote (26772)	12/1/2006 3:09:15 PM
From: gold$10k	Read Replies (2) of 78422

Hi Slan, On GGN... I would have expected a 20-25% drop in the share price based on the reserve recalculation. The decision not to make a mine now actually reduces risk IMO because of how many stocks I've seen trashed when it becomes clear how much that will cost and then all the problems encountered between here and there. But the market for GGN is in a panic and the bargains keep getting better until they don't... herd mentality. This is one reason why as a contrarian I like stocks that are totally washed out after seemingly endless selling. Such a stock has faced such extreme negativity that even a lack of bad news at the proper time is sufficient to allow it to rise. Conversely, there were such high hopes and expectations for GGN that despite it's undervaluation and having fallen 50% from it's May high, a minor disappointment precipitated an orgy of selling. The assets are unchanged and it doesn't get much better than having Albert Matter at the helm. For me, the problem is restraining myself from buying more as I attempt to adhere to my rule of no more than 4% of PF to any one stock. Just my opinion, vt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next