Club Mulgoa

Thursday, December 30, 2010

GORO and RRSO

When you are dealing with options, the buy and sell discrepancy could be massive. The fact that GORO has a big rise this AM has nothing to do with how the company is performing (no announcement today) but due to the fact that someone is keen to lay his/her hand on the stock.

The chance of this company doing well should be good because it has located a new gold belt in WA. If it can prove up its deposit, then the options will fly. There is an expectancy of that so to some extent, that has been factored into the price. You need good drilling results! Not just hype.

The same with RRSO this AM. Could even be the same investor! This one is exploring in northern Somalia. The geologist should be awarded an AO for outstanding bravery and contribution to Aussie and Third World economies by risking his/her life.

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