InvestorsHub Logo
Followers 1
Posts 112
Boards Moderated 0
Alias Born 08/08/2008

Re: moffeta post# 7152

Thursday, 11/13/2008 12:40:51 AM

Thursday, November 13, 2008 12:40:51 AM

Post# of 83574
Well I agree with that to a point. There is a distinct threshold in the spot price of gold where buyer demand steps in, by my gut instinct if it hits 1000 it will be around .008 to .01 1500 .04-.10 and beyond that would start a buying frenzy and frankly that is hard to predit the price.

This stock doesn't follow "normal" moves when it takes off, I mean I have seen stocks go up 15x in like 3 days and the stocks were similiar in share structure and pps. It is easy to forget that they do have a small revenue stream just look at Profit & Loss financial information, and really if you want to get right down to it, the company is valued at its revenue stream of dog you know what. Then if the profit margins widen a great deal due to ~ 1500 or basically double of where we are today that is taken into account and overcompensated. The public markets usually over shoot what the company is really worth or really under shoot and causes bad things to happen like what we are experiencing now. Correct me if I am wrong but the photo of the wash plant on the website and that whole dredge is still in operation. I really hope we get some sort of quarterly data or I'll take any PR that is quantitative within a month or so.

GLTA

"More is lost in indecision, than wrong decision"