Morning guys
CGN looks attractive
136m shares on issue with 2m cash and MC is less than 10m.
Chair holds 60 percent of the company.
Have a proven resource of 700k ounces of gold with good grades.
Mining application is pending with a target to start producing from high grade zones later this year. Cost to produce is low.
Currently drilling high grade zones where they found 850g/t and few other 500g/t au. Drilling should have taken three to four weeks so I am expecting results soon.
The company has been the worst performer on asx but looks undervalued at these levels. They have no debt.
Had a conversation with one of the directors and they seem pretty exited with their plans a head.
I am hoping good returns here.
Cheers
- Forums
- ASX - Short Term Trading
- short term trading week starting - 24th mar
short term trading week starting - 24th mar, page-72
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online