GCR - Golden Cross Resources

[Fed23]

Ahh this company is killing me. I bought at 4c.... hoping this thing takes a run soon. I'm on the verge of cutting my losses and moving on.

Assuming you can sell out aswell? Very little volume been turned over now, it's going to be ahrd to get out off. I wish this would take off again too. But it's just not giving anything to the market to make it bounce

 

[Fed23]

Anyone got any thoughts on where this is going with respect to charts?

It's looking to be testing the 3cents mark now, if it breaks that we could be going back to 2.7cents

 

[YOUNG_TRADER]

I thought 3.4c would hold but alas it hasn't

I'm sitting on a loss now but am still hopeful and firm in my belief that GCR will get re-rated appropriately

I don't know what its going to take


Agri's are the place to be, RDS just ann'd they are going for Phosphate in Brazil

BON keep looking for it at the bottom of the ocean

 

[Fed23]

It would take Legend to complete the drilling and get it back to JORC standard to start.

Then GCR to release more news on it's other projects. It's got a ton of projects in JV and no news is been report. And it's overseas project, Canada and Panama, they could do some announcements.

And Copper Hill any updates on that with a 3rd party?

One thing I dont like is with some many projects, GCr is no coming out with anything and it makes me think that it's waiting for it's JV partners to do the work for them

 

[Pat]

One thing I dont like is with some many projects, GCr is no coming out with anything and it makes me think that it's waiting for it's JV partners to do the work for them

I know what you mean Fed, It's like being left out of the group.


I've never experianced a "bear" before and from what I see stocks don't just run anymore. All my old runners where so easy. Now there hard to find.

Seems Phos has run for the time being and the market is loving Coal and Oil...still!

Not holding but watching like a hawk!

 

[YOUNG_TRADER]

Seems Phos has run for the time being and the market is loving Coal and Oil...still!

Coal Oil CBM CSG looks like the place to be, then again people need to eat so sooner or later they will need agri companies to produce fertilizers that help grow there food so that they can eat and stay alive to drive their cars and switch on their lights (which require energy) :

 

[blehgg]

Coal Oil CBM CSG looks like the place to be, then again people need to eat so sooner or later they will need agri :

Little agriculture article yesterday -
http://www.news.com.au/business/story/0,23636,23879061-14334,00.html

Only been on the wading the market waters for about 4 months and I'm surprised by how fast sectors become "Hot" and "Cold".........

I came in on the tail end of agric-phos hype and now following the energy/coal/oil around...

and reading the previous posts, there appeared to uranium, which popped well before I joined.....

Fascinating stuff..... well stress increasing anyways...

 

[sydneysider]

Coal Oil CBM CSG looks like the place to be, then again people need to eat so sooner or later they will need agri companies to produce fertilizers that help grow there food so that they can eat and stay alive to drive their cars and switch on their lights (which require energy) :

GCR has been severely weak. Why? could it be that the JV with Legend effectively takes 5 years to complete. In the meantime ALL the sales will be developed and coming from Legend 100% owned properties nearby. So GCR holders may in in for a long wait.

 

[Pat]

... then again people need to eat so sooner or later.

Sure do, but I don't have the capital to wait and hold.
I would be better of in CDS... if only I had the kahunas.

GCR has been severely weak. Why? could it be that the JV with Legend effectively takes 5 years to complete. In the meantime ALL the sales will be developed and coming from Legend 100% owned properties nearby. So GCR holders may in in for a long wait.

GCR is still up 50% from the begining of its run so it's still holding up IMO, again, it depends on on how much you paid.

You won't have to wait for the goods, just the hype.

 

[YOUNG_TRADER]

GCR has been severely weak. Why? could it be that the JV with Legend effectively takes 5 years to complete. In the meantime ALL the sales will be developed and coming from Legend 100% owned properties nearby. So GCR holders may in in for a long wait.

Kinda like HLX/AQA I guess, HLX is completely ignored in terms of an Fe play because its production won't come for many years in "Stage 2" of AQA's plans, so I'm guessing its the same here,


Makes you angry doesn't it, knowing that if only the idiots at head office had not JV'd this out they could started doing some exploration and we'd be 10c+ by now

Another for the bottom draw for me

 

[golfmos123]

Makes you angry doesn't it, knowing that if only the idiots at head office had not JV'd this out they could started doing some exploration and we'd be 10c+ by now

Another for the bottom draw for me

YT - does this mean you have doubts about the potential re-rating of GCR?? Or are you so mad that you want to put them away and not look at them for a while?? The lack of noise from GCR is deafening.....so many projects, so many JVs, so much promise, so little noise....

 

[sydneysider]

Kinda like HLX/AQA I guess, HLX is completely ignored in terms of an Fe play because its production won't come for many years in "Stage 2" of AQA's plans, so I'm guessing its the same here,


Makes you angry doesn't it, knowing that if only the idiots at head office had not JV'd this out they could started doing some exploration and we'd be 10c+ by now

Another for the bottom draw for me

The whole phosphate situation with the GCR JV is rather sad. They JV'd with a company that had NO prior phosphate project development experience, which in humble terms means that they (GCR) could have done it themselves and not get caught up in a very lengthy 5 year development deal. Legend is worth over US$750 million dollars and is listing on the AMEX shortly AND is going ALL OUT to develop and sell stuff from their 100% owned projects. GCR is struggling to hold 3 cents. Legend were smart enough to promote themselves in North America AND to to commence the financing of their own 100% owned phosphate projects to the tune of $100 million. They have SO MUCH phosphates that they can afford to fully draw down most of the 5 years of the JV with GCR AFTER they have completed contracts on their own properties.

IF GCR would have held onto their 100% of the phosphate play they could NOW be in discussions with major buyers of phosphate to develop / finance their own projects AND be following in Legend's footsteps. IMHO the market in GCR has tanked in profound dissapointment, I got out in the mid 3's in abject dissapointment, technicals look awful althou the fundamentals still look really interesting.

 

[Miner]

The whole phosphate situation with the GCR JV is rather sad. They JV'd with a company that had NO prior phosphate project development experience, which in humble terms means that they (GCR) could have done it themselves and not get caught up in a very lengthy 5 year development deal. Legend is worth over US$750 million dollars and is listing on the AMEX shortly AND is going ALL OUT to develop and sell stuff from their 100% owned projects. GCR is struggling to hold 3 cents. Legend were smart enough to promote themselves in North America AND to to commence the financing of their own 100% owned phosphate projects to the tune of $100 million. They have SO MUCH phosphates that they can afford to fully draw down most of the 5 years of the JV with GCR AFTER they have completed contracts on their own properties.

IF GCR would have held onto their 100% of the phosphate play they could NOW be in discussions with major buyers of phosphate to develop / finance their own projects AND be following in Legend's footsteps. IMHO the market in GCR has tanked in profound dissapointment, I got out in the mid 3's in abject dissapointment, technicals look awful althou the fundamentals still look really interesting.

Hmm Sydney Sider

You are really giving a whole sort of sad (could be true ) side of whole GCR postings so far. Most of the rosy talks looked like were to be just balloon with even no gas but plain air ??

What I am implying from your post that GCR should l be under the lowest drawer for at least 5 years unless it gets belly up in the mean time being run under a very poor management or some miracle happens. Apparently Legend used GCR to their advantage. Why not as Mr Gutnick probably there with his fertile brain,

MY belief or no belief makes no diffeence to my investment (and few others) because I obviously did not do MYOR here

However would be interested to hear back on your comments from GCR enthusiastics so that I live in temporary happyness !!!

 

[YOUNG_TRADER]

Kinda like HLX/AQA I guess, HLX is completely ignored in terms of an Fe play because its production won't come for many years in "Stage 2" of AQA's plans, so I'm guessing its the same here,


Makes you angry doesn't it, knowing that if only the idiots at head office had not JV'd this out they could started doing some exploration and we'd be 10c+ by now

Another for the bottom draw for me

Hey Golf, I meant exactly what I said,

That had GCR not JV'd oof their projects to Legend and instead kept 100% and done some drilling etc, the mkt would have gone nuts with this

However instead it does look to be on the back burner sorta,

I still firmly believe GCR is way way too cheap when compared to Legends attributable EV however what matters more is how long will it take Mr Market to realise this,

Hence for me GCR is a bottom draw hold until some decent value is reflected ie 10c+

p.s. Sydney I think your underestimating the potential of Legend, they seem to have a few qualified Agri boys on board

 

[sydneysider]

Hey Golf, I meant exactly what I said,

That had GCR not JV'd oof their projects to Legend and instead kept 100% and done some drilling etc, the mkt would have gone nuts with this

However instead it does look to be on the back burner sorta,

I still firmly believe GCR is way way too cheap when compared to Legends attributable EV however what matters more is how long will it take Mr Market to realise this,

Hence for me GCR is a bottom draw hold until some decent value is reflected ie 10c+

p.s. Sydney I think your underestimating the potential of Legend, they seem to have a few qualified Agri boys on board

U may be right, BUT they were not (in the past) involved in the phosphate process industry. They are NOW involved. I think it was a very smart move on their part to "absorb" a potential competitor via a JV.

 

[juw177]

I hold this and looking at intra day charts, there is a good support at 0.028-29 which is being marked by absorption volume. Last time was at 0.041 so lets see if this holds. The XAO seems to be gearing up for a bounce which is a start.

 

[solomon]

I hold this and looking at intra day charts, there is a good support at 0.028-29 which is being marked by absorption volume. Last time was at 0.041 so lets see if this holds. The XAO seems to be gearing up for a bounce which is a start.

Well GCR held up today and I think that's saying something.
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[Miner]

Well GCR held up today and I think that's saying something.
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K

King Solomon
Please give me your wisdom so that I can unload my GCR bought at average price of 4.8 cents at least at 4 cents in the morning - only see red for some time

 

[YOUNG_TRADER]

I notice GCR's Chariman resigned today,

If he's part of the team responsible for handing over control of GCR's Phosphate projects to Legend I say good ridance


If only they had kept control, even some sampling work or the ability to do surveys etc etc and not just let the deposits lie dormant under Legends control

The value is there noo doubt, its just going to take a lot longer than I hoped for it to be reached, also the mkts aren't helping

 

[solomon]

K

King Solomon
Please give me your wisdom so that I can unload my GCR bought at average price of 4.8 cents at least at 4 cents in the morning - only see red for some time

Miner if only I had the great King Solomon's wisdom, but alas I'm only a cyberspace fraud by comparison. I've realised a big chunk of my loss and am now sitting on a small parcel sitting in the 'bottom drawer'.