Re: This is how I see it....
in response to
by
posted on
Oct 21, 2010 12:07AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Thanks for your post Brad and I hope the serious investors here will take the time that me and you have taken to look at the website and the drill map in particular. This drill map is as good as gold as far as I am concerned.
Our SP is dripping as Skier has posted but this is not because all the gold has evaporated. It is simply a factor of all those who believe GNH to be a good investment have already committed some good money. Those who hold GNH shares, and that number, the amount of individual share holders has increased dramatically in the last few months can either hold or sell (some may buy more).
By the conversations I have had with some investors and Brad's friend has had, many are now disillusioned and believe this is not a good company. Nothing could be further from the truth but until our company can come forward with more news, that is the impression a small portion of our shareholders believe. Now these guys may sell believing they can buy back cheaper. They may sell because they hear of another great stock (that they will probably catch the top of and lose money again) or they plain need money. The bottom line is there is lots of reason to sell, only one reason to buy.
I was a buyer today because I believe the current price offers great value and low down side risk. Is this the absolute bottom, who knows but for me, there is enough value to get me to jump off the sidelines and start accumulating again.
I talked to Sasha recently and he pointed out that we have about $4M dollars worth of warrants from the last PPs. How many of those do you think have been exercised? The answer is only about 10%. That means that 90% of warrant holders, including me, have not exercised their 15 cents or 25 cents warrants. I cannot speak for the other warrant holders but for me, I have not exercised my warrants because I am holding out for a much higher share price. At least some of my fellow investors feel the same way. We represent a pretty savvy group. We probably know more about GNH then most investors on this hub and we choose to wait. We could be wrong here but as a group, we feel comfortable waiting for more results. I hope that those of you getting nervous and thinking of selling at this point can find some strength in our resolve to hold our warrants at this point. I do believe selling at this point is a big mistake and holding on for another few months will reward you handsomely. Good luck in your decisions.
Glorieux