Welcome To The Golden Band Resources HUB On AGORACOM

Saskatchewan's SECRET Gold Mining Development.

Free
Message: Re: Reverse Split Coming - A Scenario To Contemplate

One of the charts did not link properly:

$SILVER:$GOLD

Here we have yet another sharp reversal of the silver/gold ratio. (or a rally in the gold/silver ratio.) This ratio seems to be able to reverse a number of times before the onset of a decline in the markets, but will only rarely pinpoint the exact date. A reversal also means a wide spread decline in markets.

If, according to the rule of thumb, this is our definitive reversal - then within three weeks' time there will be a massive rout in the markets, carrying equities lower. That would also mean GBN.V shares will NOT be immune. Any drill results or bolstering of the economic fundamentals will do nothing. The company has been banging its head against the wall for years on this issue. You can have as compelling a play as you like, but the market must respond.

Lets not have another Queenstake Resources with a 400m. + share float. That would be a much more significant embarassment longterm than having to face shareholder ire in the short term over something which is merely a matter of numbers.

This is the source of my concern over the consolidation of the float.. I think it will be beneficial for the company + shareholders in the long run, and not a short term panic expedient.

F6

Share
New Message
Please login to post a reply