Just gave Golden Star the Boot.
I'm done with this dog. It's been a plague in my porfolio since the day that I bought it. Q3 Just came out and as usual it's full of revisions and excuses, and more net losses. The management feels like my whiney little tenants, always with an excuse for late rent. For years it was problems at the mines, then they got that all fixed up, now they're whining about "Record rain" and some "lower than expected" mineralization - good grief. Who seriously looses money in the gold mining business with established mines and average prices of 1200 per oz. "High cost producer" - my arse - More like "High-Loss Excuser"! They basically did nothing for the entire last quarter.
Just issued a sell order to be filled first thing in the AM - probably behind the droves of other frustrated share holders. I picked up a wack of Taseko shares with the proceeds of the GSC sale.
Phew. See - now I feel much better. *End Rant*
Last edited by canadianglow : 11-08-2010 at 10:21 PM.