In regards to bulk sampling results...
posted on
Jan 27, 2011 11:04AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
cjr, you posted that,
"it sounds like actlabs has them all now...if early samples were sent earlier we may get back some initial results soon. "
I was told that this will not be the case. The bulk sampling results will come out when they are All finished. If you think about it, it makes zero sense to release partial results for the bulk sampling. For instance, if you release the first results and they are "not" from the sweet spot, you will see a share price DECLINE. I don't think anyone wants to see that happen. Then when the better results come out, it won't have the effect you and I are hoping for as the market will again be leery of any results coming out after that...
Now, if you release results from the "sweet spot" first, all you get is an artificial share price appreciation again, with the resultant crash that will surely follow when the rest of the results come out that may be significantly lower... case in point, you release results from the known "middle" of where our main gold "vein", if you can call it that, gets you double digit grams/ton for maybe 1/4 of the trench length. Then, you have to release the rest of the results that are on the "edges" of our known "vein" and they may come back between .5 - 1.5 grams per ton... Now, if you put them all together and get an average of 3 grams/ton or higher, you are in business. If you have partial results with double digit grams and then another release with low grade, how would the market react. Remember, the market are not geologists. The majority likely won't be putting all the pieces of the puzzle together like those who have a little more knowledge would. They just look at the results and make their decisions accordingly.
What I'm trying to say is that you either get a falling share price if you bring out the weaker results first and then may not get to your target price later or scenario 2 is that you have a spike in share price and everyone is happy and clapping one another on the back looking at "the moon" and then another round of,
"If I had only sold during the spike, I could own twice as many shares now". That rotten company, I'm never investing in it again, ever. Bad company. Bad company. Bad company...
So you see, it is MY opinion that releasing partials on the bulk program would in the end prove to be "counter-productive" and I for one don't like to ride the waves too much. I am an investor, not a day trader so all it does for me is make me a very happy camper for a few days and then I feel sick to my stomach for the next 4ish months waiting for our share price to try to get back to our old highs, and beyond.
If our ore body is there, we will make out nicely. If it's not, then hopefully we may get out without huge losses. I choose to believe that it's there based on the information I have from talking to Larry and Frank, and from a small part from listening to the reports of those who have taken the time to do site visits. Remembering that those who site visit are looking for the positives and won't be shouting any negatives, and why would they, I just add a grain of salt to what they have to post here... Don't take it personally, guys, but I have not met some of you in person and I don't really know you for that long... but I most certainly DO appreciate your insights when you decide to share...
Now, everyone just go and have yourselves a good day and,
God Bless all Golden Hope Investors.
Herb :-}