Ann: Quarterly Activities Report - June 2024, page-30

Hindsight is 50/50.As someone said you dont go broke making a profit.Out of 10 speculative penny mining stocks ,3 or more will go bust ,one or two if you are lucky will do well and 5 stay the same .Most novice investors loose money on penny mining stocks.
One of the keys is to know when to sell.
Investing in Major producers which pay a dividend if you are a gold bug is the safest way to go ,such as Agnico,Newmont ,Abx .
Once in a generation there will be a major bull market in explorer mining stocks and it is wild and crazy .the last one was 25-30 years ago.
Many small mining executives of penny explorer stocks can be described as “a liar in a hole in the ground”.
If you hang on too long you can easily loose most/all of your money ,just ask the investors in Bre-X.
GOR has the potential to do well as it has cash flow and assets .It just needs to change its current course in a gold bull market .Managements often have great difficulty doing that as they enjoy the gravy train of steady income ,getting stock options etc.