From BANGALOREWEEKLY: Several equities analysts have recently weighed in on GSS. ValuEngine lowered shares of Golden Star Resources from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Clarus Securities reiterated a “buy” rating on shares of Golden Star Resources in a report on Thursday, May 4th. Finally, Zacks Investment Research upgraded shares of Golden Star Resources from a “hold” rating to a “strong-buy” rating and set a $0.75 price objective on the stock in a report on Tuesday, April 25th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1.23.
Gold Crashes As "Someone" Dumps $2 Billion, "Fat Finger" Blamed
Shortly after 4am EDT, as the European market was warming up for trading, Gold suddenly plunged $12, or 1%, to $1,242 an ounce, on a surge in volume with 18k contracts, or just over $2 billion notional, trading in a one-minute window; as of 9:20am
There was yet another insider purchase on the open market. Just found this little tidbit.
"Director Samuel Coetzer bought 46,500 shares of Golden Star's (GSC) stock in a transaction that occurred on Monday, June 19th. The stock was purchased at an average cost of C$0.86 per share, for a total transaction of C$39,990.00."
#$%$? Several sites showing GSS unchanged for the day?
Why would a MM want to keep the price down. Is it just you accumulate shares?
They are shorting the sheet out of GSS right now, all the manipulation of gold along with the GDXJ re-balance has turned the mining sector into a shorter's paradise.
Where are all these .64 shares coming from, this is insane?
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 1. Name and Address of Reporting Person * MacDonald Kathrine 2. Date of Event Requiring Statement (MM/DD/YYYY) 4/1/2006 3. Issuer Name and Ticker or Trading Symbol GOLDEN STAR RESOURCES LTD. [GLNS] (Last) (First) (Middle) 138 MATTHEWS AVE. 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director _____ 10% Owner ___ X ___ Officer (give title below) _____ Other (specify below) CFO / (Street) VANCOUVER, A1 V6H1W3 (City) (State) (Zip) 5. If Amendment, Date Original Filed (MM/DD/YYYY) 6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person Table I - Non-Derivative Securities Beneficially Owned 1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Shares 3000000 I Dimac Capital Corp. Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivate Security (Instr. 4) 2. Date Exercisable and Expiration Date (MM/DD/YYYY) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MacDonald Kathrine 138 MATTHEWS AVE. VANCOUVER, A1 V6H1W3 X CFO Signatures Katherine Macdonald 6/19/2017 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 5(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
I get the feeling gold and the miners are in some kind of holding pattern.maybe waiting for something to break.i still when it does it will be north not south
why did stude stop pumping? any theories?
28,969,709 shares traded today (according to Fidelity). I've got to believe the rebalancing by GDXJ is over!
i feel like i am in a good spot. if it drops i will just add when i can. i am averaged at 65.3 , 59 is the last bottom created. until gold prices do there part this will take some time and gradually go up. gl.
GDXJ dumps remaining 21,000,000 shares after the close to complete their GSS rebalance of -35,000,000 shares, current GDXJ balance is now 19,000,000. Now that didn't hurt too bad now did it, GSS held up VERY well!
just added a few more , now i will watch and see what direction this goes
we closed at $.666. classic.
at least stude stopped pumping and the sp has stabilized. we have that going for us.
A block of nearly 21 million shares were dumped at 0.64 right after close. Would think it had to do with last day of rebalancing, but I did not believe there were that many shares outstanding. Let's see what next week brings. I believe Gold has one more trip to 1230 or 1210 before heading up
i just put a very small buy in, next week buy more down or up what ever direction it falls.
"New York Fed Soars To Highest Since Sept 2014, Philly Fed Also Beats"
More fake numbers to bolster fed's rate hike decision, that will either be announced as a mistake or revised lower but, not before gold gets slammed never to regain losses after revision.
Just as I said and thought all along. "re balancing" done , so whatever the amount of shares stolen by an entity in the know,...just ask VanEcht people. They did the same a couple of yrs ago with with almost 50 mil shares when GDXJ dumped all GSS shares. All those shares went into "private" fund also run by GDXJ people... so, we are done and we are ready to rock. make no mistake, you will NOT buy any shares at $.64 anymore. With GSS future very bright, we are now free to go for it.....Mark me down for $2.00-$2.50/share within 9 -12 months with gold around 1200-1300. If gold rises by a few $100, say to %1600-1700/oz, we shall see the market cap rising to over 1.8-2.2 billion.....$4-$6 a share.
Anyone who had enough brains and bought down here, congratulation!!!!!!!!!!!!!!!!!