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Re: Traderfan post# 34309

Wednesday, 09/19/2018 1:34:34 PM

Wednesday, September 19, 2018 1:34:34 PM

Post# of 35713
Traderfan I apologize if you or anyone bought GWA based off my continued positive updates. Its been a big disappointment thats cost us for sure plus mgt was slow with the updates. There is no sector hated more than the gold sector lately and Im sure you noticed most good name, value minors are down 40 - 75%

Dont know why you mention DNI headed to zero. DNI's going to make it and's been trading just below its 6 mths avg. Newsflow little quiet lately.

As to Gowest, they lost their initial mill deal causing a chain of problems thats set them back a year and some cash. This no doubt permanently affected the potential. Can we blame the CEO? not sure.

Im still a believer in the project for the following reasons:
The 1.2 million oz high grade Au & 120km land package still there
They have a pile of ore sitting above ground ready to be processed
The ore sorter is going to surprise
They still have financial backing,
Company Insiders most have purchased shares lately
PFS says the operation is very profitable at $1200 gold.
Neighbor Harte Gold processed their bulk sample stil trading at $220M MC.

I believe GWA has the new milling site approved and are ready to move forward. I as well as friends added many shares last week. I got the .04s Friday and still have a sizeable bid. Trader, keep belly aching over there so I can fill the rest.

My favorite pics are usually turn around plays in the penalty box. Rehabs in progress. I look for a huge gap between current price and perceived future value. I have to see a clear path and a management I believe will drive the cart.

The thing is, these type of investments dont perform well in poor markets but move hard when the markets makes a move up. Smart money coming in sees the same value I did and this brings the bid. This is proved by my many pics that beat anyone's success list I could find anywhere in 2016 and early 2017. The last 1.5 years have been terrible and I havent been confident in this environment therefore I havent suggested anyone buy anything lately for the most part. If you remember, on the positive, I picked Kirkland Lake (maybe #1 best mining performer last 2 yrs) and GORO doing nicely.


It was 2015 I chipped away, with egg on my face, picking up the biggest loser/highest value shrs knowing I was buying the bottom. Then like magic, my best barometers (Contrarian Moriarty and Avi Gilbert) came out with the bottom near calls during worst pessimism. I knew it was just a question of when. 10 bagged EXN right here and dollar cost averaged Gowest from as low as .035 to run to .28 , plus others all in little time. Im still way up on a 3 year average and I think Im set up nice for next round.

Gold Shares are cheap. Im not confident were at bottom, but Im getting ready to be confident. Not sure what the best strategy might be? cash up to buy tax loss shares to make a run into 2019 hummm

Trust me EXN GWA, ORV, GORO, KLG, AR AND DNI wont miss the party.
For the DD list, NXS MAI CGLD WGO


Bob Moriarty
http://energyandgold.com/2018/08/16/bob-moriarty-were-in-the-exact-same-spot-we-were-in-august-2008/

http://energyandgold.com/2018/07/05/bob-moriarty-tradable-bottom-in-precious-metals-liquidity-crunch-looms-in-september-october/

Avi Gilbert
The bullish sentiment in the gold market is the lowest we have seen in years if not rivaling the same levels as the lows we have seen over decades.

https://seekingalpha.com/article/4206484-sentiment-speaks-trade-wars-going-crash-market

https://seekingalpha.com/article/4203788-sentiment-speaks-even-think-buying-gold

Adam Hamilton
https://seekingalpha.com/article/4206462-gold-stock-forced-capitulation?ifp=0

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