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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: onepath who wrote (64757)	4/11/2009 1:56:21 AM
From: Postman	Read Replies (1) \| Respond to of 78408

Good questions for sure- I am interested in getting rich, not arguing with people so I will answer the questions and wish you luck - in fact I have been spending a lot of effort learning to trade the Forex market as these juniors can take forever- --------------------------------- '''''''So I looked at GOE which is in my neck of the woods and here is a little of what I found. --((...only asset is 50% of one property if they spend one million drilling it.)) Answer--Highly prospective property IMO-The property is located 2 km from an existing gold mine WITH A MILL! which is about to be reactivated according to GOE management- --((...looks like they are trying to raise the million and no drill program yet in place.)) Answer--Financing is set to close and a drill program is set to start by mid May according to I.R. --((((....issuing shares with a value of .05 to pay debt.))) Answer-That was to pay insiders, mainly management it appears as most are directors- They had no cash on hand with this market collapse I suppose, and the stock was trading at .05 cents at the time- Other juniors were doing financings at .02 cents so thankfully we did not suffer that fate- --(....larger insider sale of shares (700,000) at .12 on March 25/09.) Answer-That was the CEO and personally I don't mind if he makes money as long as he delivers- He sold his last company (Quinto Mining) for $175 million at the top of the market (March 2008) so give him the motivation to do it again..... --((....options granted to same person (1 million)at .10)) Answer-See above --((...3 for 1 rollback of shares last July.)) Answer-Rollback did not happen- Repeat- no rollback occurred. ---------------------------------------- -((Why would I pay .15 for this stock and does this company have anything else of value? )) Answer-I can tell you why I bought, not why you should buy- -Why I am still invested in this company was because they hired a new CEO who sold his last company for $175 million in March 2008 at the top of the market- Namely, experience and a proven track record. -Market cap is still only around $7.5 million and I think there is demand coming for early stage exploration juniors inside of 4-6 months. -Location of their Dome South gold/copper property: (From the press release) """"The property is ideally situated approximately two kilometres (1.25 miles) southwest of the former-producing Dome Mountain gold mine, which was operated from January, 1992, through April, 1993, by Habsbuig Resources Ltd. The property is accessed by a well-maintained gravel road from the town of Smithers.""" (end) I think that should they find mineable ore, it is likely to assume they could use the mill since the owner of the mill would profit- There is access to the property by road so that saves on renting helicopters at $1,000.00 per hour.... -Guardsman, the private company from which they optioned Dome South has several other properties in the vicinity so if their relationship continues to flourish it is reasonable to assume GOE will have access to more prospects in the area-