Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (46882)	12/9/2005 12:03:31 PM
From: re3	Read Replies (2) \| Respond to of 110194

anyone buying GSS here ? edit: i'm going to get some @ 2.83 CDN

To: ild who wrote (46882)	12/9/2005 12:19:49 PM
From: ild	Respond to of 110194

Date: Fri Dec 09 2005 12:58 trotsky (Aurum@GSS) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved well, i don't have a beef with the share issue as such - as discussed yesterday, GSS has an impressive pipeline, and bringing it to account will require a lot of capital. what is irksome is how it was handled - the timing was unfortunate ( they should have waited for a higher share price ) and the announcement was lacking in every possible way. no hints as to the planned use of the money. contrast this with the recent DEZ share issue, where it was made clear that the capital would be employed to enlarge annual production by 50%, plus it was timed to coincide with a price high in the stock. this is how it SHOULD be done. GSS's management needs to regain the credibility that has gradually been lost after the failed IAG takeover attempt. in light of this the manner in which this capital raising was done is a bit mystifying. Date: Fri Dec 09 2005 11:59 trotsky (@GSS) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved actually, the market reaction to the share issue is not as negative as it looks - the stock is trading down, but the sellers appear to be mostly small traders judging from the sizes on downticks. big traders keep buying the dip as far as i can tell. Date: Fri Dec 09 2005 11:42 trotsky (@CGREF) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved well, what a nice surprise. of all the possible targets in Nevada, McEwen had to pick this one...great.