posted
i have been in this for a while,will ride this high,one question how do you know when to sell.
Posts: 109 | From: canada | Registered: Jan 2006
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posted
Drake just itching to go here. IMO we'll see new yearly highs in the short term with .05+ likely.
As for when to sell, it's not a clear cut answer.
You need to decide either how much of a loss is acceptable before you sell out.. 10%? 20%? etc. As for on the gains side, you need to already know where you are comfortable exiting.. 25%? 50%? etc? Some people take 20% gains, sell out their initial investment and let the rest ride as 'free' shares. This protects you from a sudden drop, while also allowing you to gain additional profits if the uptrend continues.
The above %'s are for example only. You need to figure out what levels are comfortable risk/reward for you.
I hope that helps you a little.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
I have a feeling that this is goin to be big. If you look at there website: drakegold.com, there are pictures of not only gold, but also diamonds, oil, and nat gas. Leads me to belive that there is more to drake then people think....
Posts: 162 | From: Baltimore, MD | Registered: Apr 2005
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posted
Drake Gold Resources Inc. Outlines Corporate Strategy Drake Gold Resources Inc. (OTCBB: DKGR) (PINKSHEETS: DKGR) is pleased to outline its vision as a natural resource company and its plans to increase the company's value. As previously announced, the company is in the final stages of a transition from its previous business model, and is eager to present the company's evolved mission and current position to its shareholders.
Drake Gold Resources, Inc. is an early-stage company in the natural resource industry. It has assembled a growing team of professionals to guide its strategic acquisition and expansion plans. Its mission is to become a diversified natural resource company that will derive a variety of cash flows from diverse mining/harvesting operations.
DKGR intends to be a diversified company by operating in the natural resource, petroleum, and alternative energy markets. As a result of ever-increasing scarcity, the market for natural resources is clamoring for diversification and innovative exploration tactics. Potential opportunities for diversification include diamond, gold, silver, copper and other minerals in areas such as Arizona, Oregon, Alaska, British Columbia, the Yukon Territories, and other affiliated sections throughout gold districts in Northern Mexico. DKGR also plans to capitalize on current and long-term trends in energy prices to operate in the petroleum and alternative energy markets.
The Company has signed a Letter of Intent dated March 22, 2006 for the acquisition of its initial target for exploration and production, a property located in a prime region of southeastern Arizona. Further details of the completion of this acquisition and its terms will be released in a timely manner, as well as further announcements regarding other properties.
While still trading below a dollar, DKGR is utilizing the creative financing strategies that many emerging companies successfully employ.
First, the Company intends to limit dilution by engaging in joint ventures to raise working capital, rather than through the issuance of additional shares. The Company will benefit from the increase in the value of assets under portfolio by attracting capital into majority owned subsidiaries.
Second, with the recent change in management, the new management team has purchased a significant portion of outgoing management's shares and intends to retire some of them. The company does not have any plans at this time to restructure the Company's capital, via forward or reverse splits, because its established structure is intended to promote liquidity and awareness in the public market.
Furthermore, management realizes that trading as a pink sheet company has its limitations. Therefore, it intends to move the company's listing to the OTC-BB. Even though this will increase the company's compliance costs, management has the team in place to upgrade the company, and expects doing so will enable the company to maximize its potential. By becoming a fully reporting OTC-BB traded firm, DKGR expects to improve its credibility and investor confidence. Management is also looking into foreign alternative markets, such as London's Alternative Investment Market (AIM) and the Frankfurt Exchange, to increase the company's access to capital.
Current and future shareholders are encouraged to sign up for email updates. The new Company website provides current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at www.drakegold.com.
Shareholder inquiries and suggestions are welcome and should be directed to the Drake Gold, Investor Relations Team at (toll free) 1-888-601-9983, internationally at 1-503-618-0370, or via email at info*novakcapital.com.
About Drake Gold Resources, Inc.
Drake Gold Resources, Inc. is an early-stage mining and energy company that focuses on the exploration and production of precious metals, diamonds and energy, such as petroleum and coal. Several projects have been identified through Thunder Gulch Resources, Ltd. and its resources in North America. Announcement will be made as agreements are completed.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Source: Market Wire (May 24, 2006 - 11:22 AM EDT)
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
DKGR, Posted by: MAKIN CASH In reply to: None Date:5/24/2006 11:20:04 AM Post #of 5038
Here it is...DKGR Bullhunter report ...let's see if DKGR responds.
Clayton's Corner:
MODERN DAY GOLD RUSH- Gold has been trading at 25 year highs at approx. $670+ per ounce of gold. As a result, the world is experiencing another gold rush. Drake Gold, in particular, is mainly interested in areas that has established majors, and concentrates on land surrounding our properties.
The resource market today calls for a wide diversification or exploration tactics and DKGR is responding. For example, Drake Gold Resources has signed a first right of refusal on ten (10) projects from Thunder Gulch Resources Ltd (TGR). Currently TGR has access and is completing evaluation and sampling for the ten projects for Drake Gold Resources Inc. to acquire.
Thunder Gulch is also reviewing areas throughout the United States known to be resource-rich, especially in Arizona, Oregon and Alaska. TGR is also reviewing locations throughout Canada in British Columbia and the Yukon Territories. Other properties have been presented to Drake Gold from resource rich gold districts in Northern Mexico, and Thunder Gulch is reviewing those as well.
Stay tuned for further updates and please contact us at anytime at:
1-888-601-9983 or info*novakcapital.com
in this issue
Gold and Oil stock news Drake Gold Resources Inc. (DKGR) Disclaimer
LETTER OF INTENT-Drake Gold recently signed a Letter of Intent on 1280-acres south of the well-known Commonwealth Mine that is located in the Dragoon Range in a gold resource rich Arizona mining district.
The section of property that planned for the first acquisition is a combination of gold, and silver. There are recent discoveries and current operations in surrounding areas North, South, East, and West of the property. The property has access to water and electric already, which will shorten the time to set up operations.
The 1280 acres is just north of the historic Courtland/Gleeson District, in Cochise County, AZ. The Commonwealth Mine just north of this section was active during 1895 till 1942 and sporadically had operations during economical years, until 1994. Workings include a shaft(s), which produced over 1,000,000 tons of ore.
The Commonwealth Mine is known to be one of the richest mines ever found in Arizona in the early 1900's, producing over 15 million dollars in Gold at prices between the years of 1895-1942, when gold prices ranged from $20 to $35 per ounce. Gold Prices reached a high on January 21, 1980 of $850)
SEASONED PROJECT MANAGER-Drake Gold has engaged Norman Pearson as the company's exclusive project manager and senior consultant. Mr. Pearson has over 30 years of experience and has performed exploration and development of precious metals in Canada, United States, Venezuela, Africa and Russia and has set up mines on four continents: Asia, South America, Africa, and North America. He has been a miner for over 3 decades and has worked on more than 70 properties
posted
God damn it. I got caught holding a bag on this one and just sold of 500,000 shares of this last week at a 50% loss.
Posts: 59 | Registered: May 2006
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posted
Thanks I just got in before the news came out. hopefully I got lucky
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
there ya go 5 stars is official . You know I underastand this rating system, what its for but when people abuse it, makes me wanna block the rating from showing. I don't speak much but when I do It makes sense ya know. I had a 4 rating until yesterday when I suggested people who sold there restricted shares of PAIV should buy them back right away because they would be forced to buy it back and it would be at a higher price. within minutes i got knocked down to a 2. Going to keep my mouth shut from now on, even though I was right and now a lot of people are *****ing, I still got slapped. So blah!
-------------------- let it ride!!! Posts: 635 | From: Orlando Florida | Registered: Mar 2006
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posted
greetings players time for some action im buying 50mil shares right now get ready to sky rocket fasten sit belts please
Posts: 430 | From: miami, fl | Registered: May 2006
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quote:Originally posted by letitrideboy: well this sucks!
no kidding. So much for the steady up ticks.
-------------------- If I talk about a stock, I either own shares or may be looking to buy. DO your own DD. Posts: 34 | Registered: May 2006
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posted
Patience pays. I think it's been a good day so far. Definitely got some weak hands and some people selling who are in under .01, then we'll move back up quickly imo.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
Looking good here. Seems to be setting up for big news next week imo.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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