Well I would hope there is gold in the ground! It seems like the issue is getting it out. I don't think it's disputed there is gold. It's a matter of extraction no?
And you're right. This stock has moved over $0.50 on FAR less news. I remember it well. I had not yet bought into the stock but my mother and brother had. They made a small fortune many years ago.
Still waiting for my turn. I've learned patience w/this stock. Sometimes I get a little impatient but I'm holding for now. No point in selling at under $0.04 anyway.
If I take a loss on this stock it won't kill me. No way I'm buying more until things shake out more clearly. B
These days I do check the stock daily just because this stock can behave so erratically.
I made that mistake with Ambac and Bear Stearns and lost my savings. The good thing was I was only 25 at the time; impatient, young and greedy. I'm still young at 33 but a little wiser. This is my last big splurge on hoping for a "jackpot" w/ gold stocks until retirement. This time around I've prepared myself financially for the "worst" w/this stock. It would hurt to lose what I invested but won't destroy me or make me cry.
Keep the faith everyone. And if it doesn't pan out it should be a lesson learned. Do not put all your eggs in one basket! I'm sure most of here are smart enough to know that. Good luck.