Golden Star Resources Ltd. (USA) (GSS)
An international gold mining and exploration company producing gold in Ghana, West Africa.
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I liked this stock when it was a buck. Now, not so much, but it does look better than most of the lower-priced gold mining stocks.
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Because Peter Schiff said "gold will go to $5000/oz." and "the economy is getting worse", and we're "worse off than we were in March". Obviously Peter Schiff is a moron.
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Don't believe in a sustained price of gold above 1K. No inflation pressure in the short/medium term. No high demand in real economy. Pure speculative gold play by gold bugs.
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this stock rises every once in a while, but then drops in value for long periods of time.
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because it shows it can do well.
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Now that the Chinese stock market is in tune again with New York and that it is going down, oil and gold won't be able to keep moving higher.
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I was hot on this stock but when a company starts playing games to create wealth for a few people by issueing warrents on the pretense of capitalizing the company.
this not only dillutes stockholder equity it diminishes the stocks value
I think this was a ad move and as an example look at the price since the warrents were issued,
A lot of experienced people in the mining biz got out and so will I if the mgmt doesn't quit playing games
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Long-term underperform. Poorly managed company. Overvalued & overpriced at $4.46. P/E on the high side. Shop around for a better long-term gold play, unless you're just looking for short-term excitement.
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a hunch to grab 5 points

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