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from the lows. This junior prospect generator can easily become the hidden gem we’ve been looking for. I am looking for good news following recent developments. The time to move is now!
I hope I'm wrong, and I have no idea if I am correct, I believe this explains the big pop in volume that occurred two weeks ago resulting in a decline of around 15% in the share price...in my imagination a big shareholder(s) decided to take profits at around $.19 rather than wait for results from hole 5, which just commenced.
It is possible that the company really does not know what holes 3 & 4 yielded and are awaiting the assay, but I think that experienced drillers and geologists can tell just by looking at a core sample whether they have hit pay dirt....not in a low grade, high tonnage open pit scenario obviously, but in high grade trend such as the company is trying to find with Resolution.
Obviously, I have no idea nor anything to inform me other than that big slug of shares that traded the price down and the fact that the assay results are not now expected to be released until late september.....I hope that I am wrong and that a huge discovery in holes 3 & 4 is going to be announced within the week.
Even with this, decided to add to my position this week because it appears to me that the downside risk is miniscule while the upside potential is enormous.
We shall see...fingers crossed.
Looks like it was a good move. Don't know if anything will become of this company in the future, but I am getting old so have moved on to other stocks. Good luck to all you bulls. I hope things take off for you.
I will come back later maybe if things improve a lot........
Here's what looks good: Hole 7. It appears as though Hole 7 hit the quartz vein the company has been seeking. It intersected approx. 22 feet, and that specific section is being assayed at present.
Here's why I believe they found gold: The company is already prepared to make hole from the same pad in order to explore the extent of that vein prospect. This indicates to me that they know they have something good.
Here's what's bad: The absence of a mention of Hole 6 indicates that not much good was seen from that core.
It feels to me as though the company is finally on to something good. The question is how big?
Massive upside in coming months in my humble opinion!
GLTA
They do however have extremely exciting projects in the pipeline that can deliver massive upside....
I’ve personally lost a tone of cash on these guys over the past 3 months but still increased my position today with 20,000 shares at incredibly low price and still have faith that it will come good!