Re: some info to ponder
in response to
by
posted on
May 08, 2010 09:09PM
Edit this title from the Fast Facts Section
I am going to elaborate a little more on this specific post. The assay office is slowing down now, due to increased drilling by their other customers. GWY doesnt really know when we will get the latest assays, could be monday or a month from now. If the lab sends the assays for 3 holes, then we get an nr for 3 holes. We have gotten through the start up drilling kinks and now are successfully drilling with 2 drills. We are presently on hole #12 with no set drill plan.I, personnally like the (no set drill plan) part. I beleive its best this way in which it gives a better chance for a great hole. Poke some scattered holes over the most promising areas while keeping a close eye on Ven. I havent checked our cash position lately but I think it might be wise to increase our cash position soon, having said that, we are gonna need some results that will open some big eyes. I think that if we see this happen, it will be a good sign.We are a speculative stock and if the market does dip, we may also slide further with out any assays. I dont beleive we are going to see a market crash this time. The governments know that if the markets crash this time that there will be total kaos. They are now getting a small picture of what could happen with another crash by looking at Greece and I think they know that they cant let the markets crash.What Im saying is if the crash does happen ,it will be so severe that its probably not gonna matter how much wealth you got.We need the oil and companies cant operate on a 10 dollar oil,we need the agriculture and farmers are struggling now at todays prices paid for their produce,we need the gold whereas its the foundation of the worlds monetary system.These 3 comodities represent all the power on earth and if 1 country owned them all......,its something that cant be allowed to happen. Im sorry for the latter part of my post, got carried away on some of my thoughts.