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Golden Star Resources, Ltd. Message Board

  • bbsyruncl bbsyruncl Jun 11, 2013 3:33 PM Flag

    Bottom

    WIth a new 52-week low today, there is still no definitive sign of a bottom. Most miners are getting taken out to the woodshed today, which could mean yet another leg down. Personally, while I've bought a few others, I'm waiting for signs of a bottom in GSS and we're just not there yet. Just because it's ridiculously cheap, it doesn't mean that it can't get cheaper.

    And ignore the nonsense about bankruptcy or lack of dividends. The company is not going bankrupt and most junior mining companies don't pay a dividend for a reason. They prefer to put that money into exploration and trying to expand their resource base rather than paying out a few pennies. If you want a dividend, buy a major. Unfortunately, the majors aren't doing much better and certainly don't have the upside of the juniors.

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GSS
0.6555-0.0510(-7.22%)May 4 4:02 PMEDT