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Golden Arrow Resources Corporation (GRG.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1300+0.0050 (+4.00%)
At close: 09:42AM EDT

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  • L
    Looking for Doubles
    I have a MAJOR problem with the way they have been communicating about the new stock shares. When you announce 8.5 million shares + another 8.5 in warrants (+17 %), you swallow hard at the dilution. Then it's increased to 22% and you swallow again. THEN . . to announce the "FIRST" tranche is completed, you have to ask yourself how many are they thinking about ? ? This is MAJOR dilution, with no end in sight right now. Time to either take profits or cut your losses until this financing phase is over. It's certainly not as cheap as we once thought, with major dilution coming. I will wait on the sidelines until this financing phase is over and I can assess the true value again. If you got in when I said it represented great value, you have 25-30% gains. I would take them.
  • M
    MichaelC
    So we have more promotions They are going to advance this project and obtain more drilling permits. It really sounds like they are on the move now. I found this today on Youtube:

    https://www.youtube.com/watch?v=xxW1-Q979e0&feature=youtu.be
  • B
    Bob
    The. most important part of this transaction appears to be what GAR does with the $25.9m in SSR stock.
  • M
    MichaelC
    I think GARWF is following though with their more aggressive advertising. They in the Streetwise Reports. Stock hold up today when most miners were down. Also most miners are trending down. We are holding strong. I suggest that if you are involved in this company as an investor and not just here trolling then you should get signed up on their web site. I have received news almost daily now. It gives you a broader perspective than just the Yahoo news. Here is the latest:

    https://www.streetwisereports.com/article/2021/01/27/golden-arrow-resources-out-exploring-again-after-covid-19-hits-high-grade-gold-at-tierra-dorada-in-paraguay.html
    The Critical Investor explains why he believes investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success.
    The Critical Investor explains why he believes investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success.
    www.streetwisereports.com
  • C
    Carr
    the cash value and securities provide a solid platform for stock buyback and operational needs the price or market value will reflect this over time the money can be used for many uses and should reflect the value in the price of the stock suggest building a position prior to exploration or other activity so as you do not buy the news trading less than cash value today How do I feel i have built a meaningful position
  • L
    Looking for Doubles
    Blue light special ! - Just added some more to my position and trying to get some more. (With the world-wide debt issues, I am MORE than willing to put some more under my pillow at night.) # No Debt
  • L
    Looking for Doubles
    I thought PM stocks would start to recover after the FED rate hike and the year-end tax loss selling ahead of it. (glad I kept adding in the 35 and 31 cent levels) The good news is that it shouldn't take much volume to move it higher from here. I think we will be back over the 41-42 cent level by the end of the year, as we get closer to the updates.
  • A
    Andrew**
    Frankly I have held 30000 shares for the last 6 months and I have to say that this management.. Has nothing new to say....

    Last update was 2 months ago??
    Nothing really happened, No follow up to drill assays etc....

    Dropped about $500 but have decided to re invest in a far more honest and transparent miner...
    Currently posting regularly on drill results and operating in a far more professional way....

    Seems to be a miner trading on past glorys... But not even a update at the recent Mining conferences, suggests that yet again a new site is failed to get good results....
  • L
    Looking for Doubles
    FYI - I listened to one of their board members yesterday and it sure sounded like they might need more money by the end of the year. According to the interview:

    - Golden Arrow has added about 12% to it's share count with the recent tranches.
    - Golden Arrow couldn't say whether their future share of cash flow will be paid quarterly or at the end of the year. I take that as a sign that Puna may need some more investments. If I am reading that correctly, I assume that Golden Arrow would have to pony up a percentage of that. (and hence the comment that they may have to raise more money) Watch the results of the Puna operations for future clues

    Still ok waiting this out on the sideline, until the financial picture starts to clear up.
    -
  • M
    MichaelC
    Has anyone noticed the small but progressive gains lately here? We have more than doubled since bottom in March. But more importantly volume has been increasing. Can anyone explain why this stock isn't 60 cents or $1 now?
  • L
    Looking for Doubles
    Starting to get back in, after bailing around .30. Why? 2 reasons: 1.) The 950K shares of SSRM & 2.) The company traded silver for gold, which should pay off given the global debt issues ahead of everyone
  • L
    Looking for Doubles
    This is what I was worried about months ago - liquidity and no profitability in a very tough financial environment. I moved to GOLD and AXU. Good luck longs - time for a lot of patience
  • m
    mike
    Mike,I like and own shares of Golden Arrow resources.But GoGold resources is even a Cheaper Silver option than Golden arrow resources!
  • M
    MichaelC
    Mike I'm happy you are getting cheap shares but sheeh! You are driving the price up. I am waiting for the shares to come down below 13 cents. Yeah yeah , it is still a good deal I know. Btw I will follow up again with the marketing, they two parties haven't spoken to each other yet.
  • B
    Bob
    GAR ha s raised another $387,000 via the second tranche of financing/dilution. We don’t know, maybe SSRM is pushing them for the ten million owed them for the Puna Mine Operation. At least someone at the home office ponied up 15K for some units so this is at least a good sign. A year ago the share price was around .45 and that’s without having a stake in a producing mine. Hopefully these guys have their heads on straight and can actually make something of this since they should start getting revenue from the Puna operation.
  • B
    Bob
    We told everyone Golden Arrow was going up, Mike, and it’s up 16% this morning. I think this is going to be a winner.
  • L
    LSAT
    Looks like a life style company, where CEO draws a handsome salary and shareholders are left holding the bag.
  • B
    Bob
    Take it easy steve r. This company has been around for over a decade and it’s not going BK or anywhere else. The volume is up 18 times normal and at a 26 percent increase, they’re not all sellers! They now have a positive cash flow with their JV with SSR and their book value is 28 cents per share. All junior miners are a gamble and, I believe, gar is a reasonable bet.
  • L
    Looking for Doubles
    I am continuing to add to my position - got another 10,000 shares today. Others should think about doubling down before the precious metal stocks start to recover. If you look at 1, 3, & 5 yr charts, many of the precious metal companies look like they have put in a bottom here with the stock market and the global economy tanking. I look for "doubles" and "triples" and this stock now fits the criteria. Have a great holiday everyone ! !
  • B
    Bob
    2.4 million ounces of silver plus lead and zinc in the first quarter for Puna. They should be able to pay off the start up costs and post a profit before very long.