GOA 0.00% 0.2¢ gold anomaly limited

Sp is still well below recent high of 4.2c. Crater Mountain anns...

  1. 2,568 Posts.
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    Sp is still well below recent high of 4.2c. Crater Mountain anns came out just as pog took a little dip and punters thought that pog was going to dump. Gold speccies I follow took a 20% hit that day and are struggling to claw back half of what they lost in terms of sp.
    Benching and sampling results/analysis coming shortly.
    The geos on this thread took a different view than the market re the last ann. They feel that a couple of hundred meters of pyrite is a good result and that the first drill has probably intersected a feeder zone as the company stated in their announcement. Perhaps a misunderstood announcement coupled with a shaking of the tree after a pog plunge. Pog has rebounded already but not the sp of goa.
    Hey, I didn't know about gold bearing pyrite deposits until researching the links thoughtfully placed on hc by fellow Crater Mountain followers. perhaps some goa investors also misread the announcment and panicked.
    My guess is that smart money is buying back in at these discounted levels.
    I loaded up on the options.
 
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