What went wrong with GSR, page-4

First 4 Last

Share
Profile

Follow
chotachetan

1,045 Posts.

88

19/11/23

09:46

Post #: 70982188
Share

Originally posted by NynTfyV ↑

You appear to be a holder chotachetan, if you havent been keeping track of things I will put you in the picture. A quick overview in my opinion regarding the fall in the share price is - "The continual reluctance of the BOD to put any serious effort into proving up a resource and get mining started while taking inflated salaries and paying themselves an excessive amount of performance shares. The big drop in the share price was caused when the BOD put in a token effort to explore for REE but did not drill deep enough. You can make your own judgement why.
At a time when money is tight and junior miners are not popular, the share price has crashed more than it should have in my opinion".

Is there hope? "Whenever Burbanks has been mined there has been Bonanza strikes of Gold. I believe there is still a huge amount of Gold under the ground to be discovered by anyone who puts in an effort. Mt Thirsty has been known for a long time to have a resource to last for 30 years of mining.
The current BOD seems to have no interest in Mining Minerals so if and when they are removed I believe GSR can move forward. I believe there is a bright future for GSR with a good team dedicated to providing value for shareholders.

Expand

Noted and thank you!

I am of same opinion, might double my position

GSR Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited