Do we need a couple of real good announcements to be released...

Do we need a couple of real good announcements to be released now to halt the falling share price or next month when company options are going to be converted if the announcements could rise the share price above 3c?

Bergen has released its first tranche of $1.6M and company is now able to give its full concentration on drilling at CM and Croydon. Bergen's next tranche of $1.5-2M would be due after 90 days of the first tranche. But company would need money much earlier.

So next month is real important for the company for its successful existence. Weather it would go to $0.001- 0.005 stock or $0.06-0.10 stock. If NEV33 is successful or at Croydon-Tar, it finds substantial graphite, certainly company would be in the position to raise substantial funds even through private placement and of course through options conversion and be able to pay $120,000 to Bergen for the cancellation fees. (as per the terms and conditions)

GOA is highly speculative stock which means high risk high gain,. To hold shares when price is falling is question of nerves testing. People who are holding for long time but selling their shares just few weeks before these very important results, looks like they lost their nerves and accepted the defeat at wrong time. Since 1st May, 100M shares has been exchanged, 1500M are still held.

Present market cap is very unrealistic. As Red said, “The funny thing is John, this now has the same market cap as some stocks which have no assets at all, which says something for the upside potential”.

I may be completely wrong, but I suggest please keep your nerves strong till the present drilling results are announced. As the 'Extra Loss' of money is small but the gain may put you in huge profit.

People who have sold GOA or other Bergen funded companies shares in big losses, naturally they will express their painful experiences and will suggest you to sell now as they did and be the member of the disgruntled group of people.

One thing is very clear that present price is highly manipulated and it may be brought down to .8c

At present every one including directors, brokers, (even bot himself) all 4000 share holders are in loss.

But that loss is only paper loss Not real loss, till you lose your nerves and sell.

Good luck to all holders of strong nerves.

"The optimist sees opportunity in every danger;

the pessimist sees danger in every opportunity".


MS48