Guyana Goldfields
Any bit of bad news at the moment and individual PM stocks tank. Last week it was Jaguar Mining and this week Guyana. Over they seem to be a good long term bet with manageable debt and cash of over $65 million, but one bad quarter that has been explained and actions taken to make sure it is not repeated, and the stock just dives as below. I just hope that when the good news comes in that they rise by the same or more?
http://www.mining-journal.com/world/centralsouth-america/guyana-grapples-with-grade/
Thanks Odd
That’s why we need a stable of different Miners….I never put in more than 5% any more.
Some of the winners of course escalate % wise.
Indeed. I have less than 1% in this one as it is speculative, but hopefully it will prove itself in the long term and it is compensated for by shares like Marathon Gold. 🙂