I already own both, BAA at .28 cts and GSS at .39 cts... GSS made a move, but I believe BAA will too. We've finally had a couple days closing above .30 cts, the next resistence is .40 cts.... From a valuation standpoint, I think BAA is more attractive right now. It would be wise to hold both these companies if you believe that gold is headed north...jmo
The first quarter finished a bit under projections due to torrential rains slowing production, but I suspect the second quarter numbers will be better.. That .30 cent invisible barrier should be breached if we beat next quarters earnings estimate, or if gold can close and hold above $1272.. In either case, the upside is more favorable than the downside.
Down even though gold is up today... Problem is, the company has been constantly diluting, we would be up if they weren't so strapped for cash. . The outstanding shares were 252 million, and are now 302 million. So dumping an extra 50 million shares certainly affected investors by keeping the share price down.