Hi Claude: I first bought GWY around the .50 area, so although I added (in a different account) @ 1.37 ( I am down on that buy) my avg price is still very reasonable and I have booked profits along the way.. Rest assured, I am on a more aggressive path as my capital was severely damaged last year and I want it back ,sooner rather than later. No surprise you would regard GWY with some caution. But I am comfortable with it in two ways, #1. it is in favour, has raised cash with no adverse effect on the share price rise, it has mngmnt power and the TA is good to here, #2. Although it is a "proximity" play it is NOT AN AREA PLAY and I believe in that difference. The mineral trend from GSL to GWY is real with some of Ven's better grades coming as they move SW toward GWY. Given the known surface anomalies on GWY 's land it is reasonable to suppose they have gold and if they can prove it, the market will welcome the results with a much higher stock price IMO.
EAS, I just love the geology, love that they have confidence in their backers and have not done an easy and cheap financing, choosing instead to continue drilling with the cash they have at hand. Multiple properties, some they have drilled with good results in the past but Miwah demands extra attention now and I am glad they are sticking with it. We should get some extra info from other EAS properties in the weeks ahead but all rests on Miwah and a 100% drill success rate so far. Good over view from Pescod piece tonight talking about EAS with David Coffin.
Bets Regards,
Ogi |
