GCR - Golden Cross Resources

[ans25]

Its either that or restocking getting ready for the next kick!!

Just bought some more today, I think though this stock is going to get kicked about with all day traders.

 

[YOUNG_TRADER]

Hey guys been busy the last few days and so haven't had time to post much

Anyway nothing more to add to GCR, we all know the story, we all know the game plan, its a matter fo waiting to see how it all unfolds really

I noticed today that MAK, STB and RWD came back a little so perhaps this explains GCR's shakes and wobbles????

Also I notice Legend has fallen to $3.50 a share, this still gives an implied EV of 8c-10c for Mt Isa to GCR if my memory serves me correct

 

[sydneysider]

Hey guys been busy the last few days and so haven't had time to post much

Anyway nothing more to add to GCR, we all know the story, we all know the game plan, its a matter fo waiting to see how it all unfolds really

I noticed today that MAK, STB and RWD came back a little so perhaps this explains GCR's shakes and wobbles????

Also I notice Legend has fallen to $3.50 a share, this still gives an implied EV of 8c-10c for Mt Isa to GCR if my memory serves me correct

Legend released its US quarterly report this morning. Salient points affecting GCR (1) Legend has $13.8 million in cash, committed $5,000,000 to drilling its phosphate leases and doing feasibility studies within twelve months and IF positive results occur will add more dollars to increase drilling tempo (to generate more deals) (2) JV agreement with GCR states that Legend will pay for all assaying of BOTH phosphates and uranium althou they get NIL interest in the uranium (3) GCR can pay for assaying of any other metals (4) Recent JV signed in December said that an updated and detailed JV would be out in 60 days with detailed drilling plans, budgets and other stuff. This should be due very soon.

Phosphate deposits have been mined for uranium in Louisiana, USA. My research on this is sketchy but typical grades of u i-IN phosphate run between 50-200 ppm. Assuming the phosphate is being mined then the u can be extracted via an acid leach circuit (Mt Isa has lots of acid). Costs range $20-50 pound to recover (reasonably recent commentary for US deposits). This does not take account for u ban in Queensland which is currently in place. Assuming that 480 million tonnes of phosphate carry typical grades found in other deposits then 50-200 ppm of u then very rough guesstimate (very speculative estimate) of u in place is around 48.39 to 193 million pounds of u. This makes it a very, very, very substantial deposit of u.

 

[golfmos123]

Another day in red ink, another opportunity to top up - love it....

Looks the SP needs another piece of YT magic!!!!

 

[Miner]

Congratulations to myself.
I have made some investment in GCR yesterday at 50 cents and in one day i saw it dived into 43 cents. THat is remarkable achivement loosing money 14% in one day . Ha Ha Who can beat my stupidity.

 

[Fed23]

Congratulations to myself.
I have made some investment in GCR yesterday at 50 cents and in one day i saw it dived into 43 cents. THat is remarkable achivement loosing money 14% in one day . Ha Ha Who can beat my stupidity.

Let me guess you bought at the start of the day? I personally think it's always dangerous buying at the start of the trading day.

I will be looking at tomorrows price to top up as pay day is tomorrow. todays low of 4.3c didnt last too long quickly jumping back to 4.5

 

[Wysiwyg]

Congratulations to myself.
I have made some investment in GCR yesterday at 50 cents and in one day i saw it dived into 43 cents. THat is remarkable achivement loosing money 14% in one day . Ha Ha Who can beat my stupidity.

There were 52,779,400 shares traded at between .055c and .064c.I don`t see any of them knocking themselves.Better luck next time with the retrace entry fella.You will get it right for sure.

Besides, i`ve made worse entries than that.

 

[Miner]

There were 52,779,400 shares traded at between .055c and .064c.I don`t see any of them knocking themselves.Better luck next time with the retrace entry fella.You will get it right for sure.

Besides, i`ve made worse entries than that.

Thanks for two courageous notes.
I will be brave tomorrow and hope tonight's budget should not spoil the party further .

Thanks once again folks and such panadol does help to get a temporary relief.

 

[Miner]

As we speak there are 60 buyers for 9,206,019 units 160 sellers for 24,963,442 units before ASX opens which means there would be many more blood lines in share price showing green lights for some buyers defying all calculations and chartists predictions.

Interesting if the market does get affected in speculative shares like GCR thorugh ASF postings? Who knows how many high power traders are behind the screen watching and working utilising the sentiments and their logic.

Have a great day

 

[YOUNG_TRADER]

Hmmmm now I see why you acted the way you did last night,

Miner you have to understand you had plenty of opportunity to buy 3.5c-4c as did all other ASF'ers,

If you bought at 5c and it dips the next day don't blame me and don't lose faith in a day, I mean is this how you invest?

When you buy a stock you should assess all of its fundamentals, determine FOR YOURSELF what you think the value is and buy with a plan on when to exit

I have stated repeatedly why I though GCR was undervalued around the 3.5c - 4c given its only just above to me it still looks undervalued but I have plenty and thus am not buying more ..... yet


Give this story a few months to play out, see MXR I posted on that at 15c, it fell a few weeks after to 13c I bought heaps kept posting why I thought it was undevalued and a few days ago it did 75m volume up to over 30c so had you been a beliver you would have made 100%+ and the ann that caused it wasn't a surprise to me (although the size was) as i had said over and over that I was expecting it prior to its release

So I will say it here over and over, wait and see what turns out for GCR, so much value, Mt Isa JV, Copper Hill offtakes + exploration drilling, U in Canada, Gold in Panama, other high profile JV's here in NSW Qld etc etc just be patient

 

[pattyp]

G'Day YT,

Did you know that your analysis (Almost word for word) was copy/pasted into T$ and HC... A huge ramp campaign got spawed...

IMO Excellent Analysis... But perhaps you need to also indicate in those analysis (CAPITALS) that its a SUPER volatile stock...And that it may take eg. 20-weeks and possibly fall back to 4c...

Like I said before, reason I stay away from sub 10c is because the daily movements make me yak LoL.

Not only did the analysis spread, I received Private Msgs telling me to jump onto GCR because its the hottest thing in the market... That definitely says something about your influence.

Spiderman: "Great power comes great responsibility"

Again, for the record, I think GCR is undervalued... But Legend is still a distance from production, there are still risks... And GCR is maybe fairly valued based on time lines and risks at around 5c.

Keep up the excellent work, but keep in mind that a lot of people blindly follow your lead.

Just my opinion - Not a criticism at all, just constructive feedback.

Cheers,
Pat

 

[blehgg]

Note: I am not a Financial Adviser, nor are any of my posts intended to be financial advice, they merely express my own opinions

Pretty sure thats why YT has that in his signature,

I think I remember a post from a while back explaining that people have made and LOST a lot on some of YTs analysis, or maybe it was Kennas's.... can't remember

Its always at your own risk ~ its an investment ~ if you wan't 0 risk chuck it into a fixed deposit

oh btw - thanks YT and all you other analysers out there You guys could just sit back and keep the information to yourselves - but its nice to have a forum to post ideas

 

[YOUNG_TRADER]

yes Patty P I am aware of this, there are a few posters form HC who steal the stuff from ASF and then palm it off as their own and get credit for my work, its been a problem for over a year, a few kind ASF'ers usually pm me and give me the heads up when it happens,

Not much I can do, I tried to confront them about it but got bitterly abused and so thought may as well stay away,



Also I realised traders were jumping all over this and they can cause huge volatilty hence my post

So just sit back and enjoy the ride, it will be bumpy as it looks like alot of traders have jumped aboard but I'm sure we should reach our destination

I'm not sure what some people expect of me, 100% retunrs overnight guaranteed with no risk??????

 

[pattyp]

People are lazy - and therefore they want to believe that there is some magical trading system that delivers 100% wins, that there is a fundamental analysis formula that 100% predicts business value, and they want to believe that there is a guru that always wins and they post for free on the forums...

Human nature... and its what allows smart traders/investors to transfer capital from the inexperienced into their own hands...

But you know all this... Not meaning to preach to you, i'm trying to reinforce your message.

Your new "Posting Style" to present your analysis was great...

Maybe stick a BIG RISK RATIO: 60%, TIMEFRAME: 2-months at the top of your posts... Thats kinda what the commercial stock reports, etc, do...

Pat

 

[YOUNG_TRADER]

Maybe stick a BIG RISK RATIO: 60%, TIMEFRAME: 2-months at the top of your posts... Thats kinda what the commercial stock reports, etc, do...

Pat

lol I wish I was that advanced, I'd be guessing at the risk ratio and the time frame but I might try and incorporate that somehow

Cheers for the thoughts

Back to GCR even Legend in the US has come off from its Lofty Highs, still the implied EV is greater than the current SP

Also I remember drilling was meant to start, in Panama, or maybe it was more sampling

 

[pattyp]

Legend (LGDI) Looks to be trying to make a reversal, off this correction... Was down -10% (273c) after open, but then got bought hard on volume, ended up +4.5% (326c)...

Very strong sector... I am a bit surprised that the confident performance didn't translate (even a little) to GCR today.

 

[Miner]

Hmmmm now I see why you acted the way you did last night,

Miner you have to understand you had plenty of opportunity to buy 3.5c-4c as did all other ASF'ers,

If you bought at 5c and it dips the next day don't blame me and don't lose faith in a day, I mean is this how you invest?

When you buy a stock you should assess all of its fundamentals, determine FOR YOURSELF what you think the value is and buy with a plan on when to exit

I have stated repeatedly why I though GCR was undervalued around the 3.5c - 4c given its only just above to me it still looks undervalued but I have plenty and thus am not buying more ..... yet


Give this story a few months to play out, see MXR I posted on that at 15c, it fell a few weeks after to 13c I bought heaps kept posting why I thought it was undevalued and a few days ago it did 75m volume up to over 30c so had you been a beliver you would have made 100%+ and the ann that caused it wasn't a surprise to me (although the size was) as i had said over and over that I was expecting it prior to its release

So I will say it here over and over, wait and see what turns out for GCR, so much value, Mt Isa JV, Copper Hill offtakes + exploration drilling, U in Canada, Gold in Panama, other high profile JV's here in NSW Qld etc etc just be patient

Dear YT

Rest assured I have not blamed you or any one at all for your actions. That is not my style.

You are not my financial adviser (I wish if you could however) and I have not paid fee for your posting or personal opinion either.

So it is only fair for me to take the risk on my own than passing the buck.

I always appreciate your research per se and I need to take risk on my shoulder on board when I do not have the same capability.

My action and result of that should not deter you or any one from posting. I honestly appreciate that you have taken time to explain your posting while responding my post.

Every thing is above board and I have no courage to sell GCR today any way so sold my FMG to recoup the loss !

Again that is my decision and not to blame any one. This is an open forum so within limit we should be right to express ourselves.

Regards

 

[Whiskers]

The price has weakened a bit in the last few days, but I think it's significant that there has always been more buyers than sellers... albeit waiting just below the last trade.

Today again, buyers have out numbered sellers by abt 3:1

From a tech perspective, (looking at the charts) I think GCR still has more to go in the near future. I think it should find a bottom within the next few days, maybe tomorrow.

All we need is for the expectation of plenty of news to start coming to fruition.

Some positive news re any of the numerous exploration activities going on at the moment, particularly Copper Hill or the release of Legends development program should see this re-rating kick-in in earnest.

 

[Fed23]

The price has weakened a bit in the last few days, but I think it's significant that there has always been more buyers than sellers... albeit waiting just below the last trade.

Today again, buyers have out numbered sellers by abt 3:1

Then why does the SP move down? I dont understand this.

I hope that it doesnt get any lower than todays low of 4c.

 

[Whiskers]

Then why does the SP move down? I dont understand this.

I hope that it doesnt get any lower than todays low of 4c.

I think it's a sign that buyers are bideing their time until an announcement comes to draw down the price, ie to lure or suck in impatient sellers/traders.

From a TA perspective it was overbought a bit, so you get day traders selling off and taking profits and or cutting their loss when it comes off a top, often exaggerating the movement a bit.

I would say probably tomorrow it will be back in TA buy territory again... but that doesn't necessairly mean buyers will rush in and drive the price up. But as I said earlier there is a lot of news to come in from a lot of projects over the next few months and the first good news item will no doubt see a run on the stock again.