Half way through Q3 and only 11/2 months until Q4, All of us still in GSS, and those still buying yet, have been patient and should be rewarded soon with the opening of Prestea Underground and the mine life extensions of Prestea South and Mampon...
Today's movement in Gold may have established the bottom in miners. We are very close. Will know more the next few days. I'd expect an oversold bounce in the dollar for a few weeks before FOMC Sept on the 20th then the party begins. Kudos for all who held, we're about to be rewarded for our patience
My main concern is, the longer we stay under $1, the chances for a reverse split or a buyout increase.
Gold nearing $1,300 again and still well below $0.80 - puzzling.
Golden Star Resources, Ltd - GSS - Stock Price Today - Zacks
View Golden Star Resources, Ltd GSS investment & stock information. Get the latest Golden Star Resources, Ltd GSS detailed stock quotes, stock data, Real-Time ECN, charts, stats and more.
And the selling is just relentless.
Downside risk pretty much eliminated now I would guess, thoughts? Im not sure about you guys but awesome*sto-cks has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
Is it time to make a move on GSS? I started receiving notifications from awesome*sto-cks the other week and so far they have presented interesting new trade ideas.
What this tells me is that a minimal investment can more than double GSS mining output.
What will send GSS into orbit are the drill results to support the exp. potential.. I have very high expectations that both underground ops will come in with great drill results this qtr and beyond, Prestea specifically.
Interesting what two words - "fire" and "fury" - can temporarily do to the price of gold. LOL
GSS has just seen the last of the selling. Looks like a potential push higher is in store. check out awe-some*sto-ck*s, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
Prestea South History
Quote from 2010 estimates 75,000 - 100,000 ounces annually at Prestea South, google Mining Week article dated 2010-02-26
Quote...It is believed that the Prestea South project will add another 75 000 oz/y to 100 000 oz/y to production levels, which are currently at 400 000 oz/y. Gold mineralisation at Prestea South is associated with the same reef structure that continues through the company’s Bogoso/Pretsea concession
All current selling aside, it is only a matter of days or a couple weeks until word gets out as to the extreme value of this company @.70, ANYONE interested at making money in this sector should be scrambling for shares at anything under $1. It is beyond me why investors in this sector are currently so blind at GSS's value!
Part of the underground mine Commercial gold production in one of Ghana’s oldest underground mines, the Prestea Underground Mine in the Western Region, will resume very soon after some yearsRead More...
Conferance call indicates " Golden Star Resources Ltd - expects gold production to be weighted towards second half of 2017". Earnings were $0.04 CDN.( 0.03USD), not 0.02 as reported. Undervalued IMHO.
Golden Star Resources beats by $0.01, beats on revenue
Golden Star Resources (NYSEMKT:GSS): Q2 EPS of $0.02 beats by $0.01.Revenue of $77.3M (+50.2% Y/Y) beats by $0.31M.Shares +3%.Press Release
I could not resist adding a chunk of shares to my GSS holdings this morn. At its low this morn, the shares were about what tghey were at its high a day before Qtr2 great earnings report. At a $250m market cap, I consider buying at these levels a gift...and I am not even counting on the inevitable gold rise due to the un payable debt situation the US finds itself in. When a country's CB is publically setting a desperation MINIMUM inflation goal of 2%, you kn ow we have an out of control situation. with no inflation or even deflation, the current immoral fin system has no manipulative control over itself. The system will do anything and everything to save the status quo, bar nothing. The Fed, whose primary function is to protect/preserve the valueu of the dollar has been instrumentally responsible for the destruction of the dollar., namely 97.5% loss of value since the FED inception. So, watch the dollar, that is the key to it all. The dollar is in effect a share in the Corporation called the United States. Its reserve global currency status is coming to an end.
GSS has remade itself into a different comp that is now showing profit and given 1-2 qtr will be delivering great results. Personally, I admire the job the current management has done. It has delivered on all key metrics goals over the last 2 years. It is very admirable and this fact should be communicated to them by you. After all, you don't have a great company without.t great management regardless the comp. assets and potential. I still have a price estimate of $2-$2.40 over the next 6-9 months and that does not assume gold price moving much above where we are now. As long as we stay around $1300 and the exploration results keep comin g in along what the management expects, we will hit this target. For every $100 gold price increase the company should see a free cash flow increase of $25-$28 million. Do the math and you can see a justification of $4-$4.50/share at $1600 gold. I also believe that the exploration drilling will deliver great nos, extending mine life considerably. Prestea underground drill results may be the key to taking the shares to a different level yet. There are a handful of mines worldwide with such rich ore. The rest of the expl. mining area GSS holds the right to may surprise many. Mompon 40k deposit was discovered just by building a road through the area. So, keep the faith, do congratulate the management and p;ray for our country....
and SSDD ....ZZZZZZZZZZ Keep deleting my posts ,,thats fine.Heads in the sand..Ignoring my pointing out probs,only hurts the bottom line.Nothing learned,,nothing changes
So, the dollar crashes 900 basis points since March and gold not only doesn't rise, it falls, today fake job numbers are released, the dollar rises by 60 basis points and gold gets slammed $15. What is wrong with this picture..OPEN YOUR EYES PEOPLE!