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Title : The fruits of Garibaldi Resources (GGI.v)
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The fruits of Garibaldi Resources (GGI.v)

In the post "Garibaldi Resources (GGI.v): Ye shall know them by their fruits" we previewed the long-awaited news expected out of the company that week from its Nickel Mountain (their choice of words, not mine) project up in the GWN. In the end it didn't show that week, we had to wait another eight days but the initial drill results finally showed upon Monday morning:

Withing a lick and a spit, that's 50% down in a rough week for GGI.v longs. And when the fruits shows that desk knew them, as while here at the blog other things have been happening the NR did get a mention over at IKN Twitter:

At the time of that Tweet it was still a $2.50 stock, by the way. Now $1.50 and it really is this simple:

• Over-hyped by the pump-happy publications
• A core of vociferous "true believer" holders
• An over-inflated market cap
• Results that cannot in any way justify the value

And please do not bother either myself or yourself again with the hackneyed and erroneous "Eric Sprott disagrees" argument without learning how the guy goes about his speculation investment first. Now maybe GGI at its mountain isn't dead yet (and if I've heard "Voisey's Bay wasn't discovered until hole 121" once, I've heard it a thousand times even though it's a total apples-to-oranges situation) but in order to revive its chances, it's going to need to find a lot more than it has so far. What really grabbed my attention is that after months of drilling using three rigs, the only thing we see in the all-important first NR are results from the same small mineralized zone as before. Whatever happened to Lightfoot's "Rivers of Magma" theory that he wowed the unaware with last year? I see no flood. When the only thing you have to offer is the same thing as before, the implications are obvious. Hope is not an valid investment thesis. Listening to theoretical geologists is almost as bad.

Finally, as for those who were roped in by the unscrupulous into this trade, they can stay in denial for as long as they want. Some people learn their lessons quickly, others need then beaten into their heads with a 4 by 2, others still never learn. We are fortunate to live in a society that allows us to do whatever we want with our hard-earned money, after all.

Thus Article The fruits of Garibaldi Resources (GGI.v)

That's an article The fruits of Garibaldi Resources (GGI.v) This time, hopefully can give benefits to all of you. well, see you in posting other articles.

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