If we were able to see the name on each trade and the amount of shares (who Sold) i guarentee it would be a small amount of people. THE BIG BOYS. This stock goes up 60cents in one week and we never here a word from goldieballz. It gets up to the top and all of a sudden his name appears bashing the stock. Who is he when the price needs to go up? Aldenstate has been screaming about bad management. If it is that bad why are you even in this stock. My broker who is the most conservative guy really bought this stock because of prving reserves and POG. I sold my shres at 3.35 thinking it would go down. Goes up to 3.60. I buy back in at 3.52. Stupid me. This had nothing to do with management. Whether we like it or not with this small cap stock, it does not take much for the big boys to move this stock up or down. Not saying its right because the govt just got on mutual funds for basically day trading. What these boys are doing is wrong also, but not against the law.e just have to be lucky and get in and out when they are to. I am glad the post has gotten back to GSS instead of religion. Good Luck to everybody in there ventures.
What is interesting is that GSS probably would only have to sell 10% of Euro R. (or a fifth of their stake) in order to push under majority stock holder status, which would quickly end the flow through of the Euro hedge. I'm no accounting guru, but I think we would then book the disappearance of the hedge as income according to the mark to market rules.
So just a minor sale changes the earnings statements dramatically, if I understand the idea of Euro being a subsidiary correctly. No subsidiary status if our stake is less than 50% ownership.
So if you put aside the phony mark to market business, what people need to do is keep an eye on the ball regarding the increased value of our reserves in the ground and various investments, as well as the strong trend upwards in production, particularly as Biox comes on line and St Jude high grade ore is fed to Wassa. Prestea Underground will be icinbg on the cake.
I suspect the amount sulfide ore availabe in the surrounding area is understated in the reserves estimates, to boot. The Biox system is proven just up the road at the largest mine in Ghana, so Merrill's attempt to protect their shorts via their downgrade seems to be hollow in my estimation.
Perhaps what the bears ought to consider is if GSS unloads Euro R., just as it did Moto. We own 58% of 49 million shares, and taking the average of the last two closes for Euro.to to be $1.50 C/share, our stake is worth $41 million C, or about $35 million U.S. dollars.
But not only would we get $35 million dollars, but we would also reverse the paper loss of the mark to market change we just did, since the standing hedge would no longer flow through to GSS. This would be added to the current quarterly earnings whenever it occurred. So bye, bye hedges, hello paper profits (BIG future profits).
Now as the price of gold moves higher, Euro R. is moving up at a fantastic rate, so it could move even higher from here.
If they don't sell, well, it has to mean that Euro R. has some hidden value that hasn't been fully revealed.
So in the end, Euro R. is a net positive at this point, perhaps a very big positive.
attention to. If you assume that one's ability to spell and/or use proper grammar and punctuation is a reflection of their intelligence, then you'd conclude that Patriarchi is a moron. Here's a recent post of his/hers....9 mistakes in a short 3 paragraph post. Patriarchi is the real moron ------------------------------------------- PATRIARCHI WROTE: "PLowerman, another moron hits the dust. You could have saved your money but instead you unload on Patriarchi, who screamed for you to get out.
That's why I'm here to warn poor newbies of GSS mismanagment. They waited for a rally in POG to unload there (SHOULD BE "THEIR") latest ineptitude.
And to blame old Guyunor (SHOULD BE "GUAYANOR" )ressources (SHOULD BE "RESOURCES", with the 10 million hedging loss is a joke. Guayanor barely produced 700,000 dollahs (french franks) (SHOULD BE "FRANCS" ) in their latest quarter.
This continuos (SHOULD BE "CONTINUOUS") fooling of invester's (SHOULD BE INVESTORS) just plain sucketh.
Also it would be nice to have a managment team that doesn't fuck it's (SHOULD BE "ITS") investers (SHOULD BE "INVESTORS") on (SHOULD BE "AT") every turn.