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Golden Star Resources, Ltd. Message Board

  • rusty_the_kid rusty_the_kid Jun 21, 2013 12:42 AM Flag

    I Recall These Share Prices...

    I remember when gold dipped to $750 an ounce in early December, 2008; GSS simultaneously dipped to $0.40 a share. Now with gold dipping to $1,270 an ounce, here we are approaching $0.40 again. Hmmmmm. With the number of outstanding shares up about 10% over the past 5 years, even a market cap comparison does not seem to warrant these low share prices. Seems like this company is on sale!

    Sentiment: Strong Buy

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    • Good to hear from you Rusty. Hope you have completely recovered. Board is gone to he** in a handcart. Even Henhouse is throwing in the towel. I'll let my shares go to $0.00 before I'll wave the white flag. Looking for funds to buy more.

      Sentiment: Strong Buy

      • 2 Replies to studebaker1940
      • Hey Studebaker, glad to see you here. I hope retirement is treating you well. I am doing great, and thanks for your thoughts. I feel that Golden Star and Gold will bottom soon. I seriously doubt that POG will dip below $1,000; don't forget that massive inverted head-n-shoulder pattern that broke $1,000 a few years ago. Also, I am sure that India has been very happy with their $1,000 gold purchase as well...

      • Stude, Not the whole towel though, just 35% of it.

        Since I swapped my 35% for IAG about 15 days ago, GSS has fallen 42% while IAG has fallen 12%.
        (In hindsight, I wish I would have swapped all of it.)
        If GSS management adds 200K++ in the near future, I may or may not add a little bit more myself. -But if they remain MIA, I'll probably just sit tight or add a little physical PMs..

        If gold corrects a full 50% from it's high before launching again (like it did in 1976), we're looking at a possible $960ish bottom.
        Since gold has already fallen $200 further than I thought possible, I can't rule $960 out, even though it seems downright ridiculous.
        So since I'm already stuck with big losses, and mostly "all in" like so many of us are, it's hunker-down-time for me as Jim Sinclair has suggested.

        Lot's to do on the #$%$ Belair anyway. : )

    • The problem with your analysis is that the cost to mine todays gold is so much more than the cost to mine in 2008. This makes ALL the difference in the world to a company that is living on the edge. IMHO

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