Whether the session today would be one of vivid activity for Dutch Gold Resources Inc(PINK:DGRI) is questionable. Thursday session, however, would most probably be one. The major question that remains – is it the proper time to buy shares now? 
An interesting question, as the present situation on the stock market is interesting. Sub-penny levels, at hand. It was the beginning of June when DGRI dove below the $0.01 limit and has been floating in it. since then. Yesterday`s session was the first one to recover some of the stock`s lost value. Almost 4 million shares exchanged hands, making up for a 14% increase in the stock price, the session closing at $0.0095 per share. Now, this positive movement is most probably due to the announcement at the end of Monday. The announcement about Dutch Gold scheduling the second quarter conference call.
A conference call that gives the company the opportunity to provide information about its plan for development in the near future and answer questions like: when would shareholders see a better-looking balance sheet? For example, here is what the last 10-Q for the first three months of the year includes: [BANNER]
- $1.5 million in total current assets;
- $5.6 million in total current liabilities;
- $22 million in accumulated deficit;
- $1.1 million in net loss;
The last figure is one not to go overlooked, for sure. Companies like Dutch Gold are set to burn cash until they finally go into production. The thing is, not many go into production ever. So, Thursday is a great opportunity for the management to bring some hope to shareholders, backed up by reasonable data and analysis. In terms, actions in the following months to back up the data and analysis. It is yet to see what DGRI is capable of and thus if the current sub-penny levels are the right moment to buy the company’s shares.
