Cmm only became Capricorn earlier this year.. and b4 then was Malagasy with no gold assets.
when they first announced the purchase of the gold project in WA... MGY were trading at 1.5c -- sept/oct 2015.
61% retracement would have further 2 go imo.. and the sell-off in recent times has only been abated by numerous announcements but unfortunately then continued on its slippery slide.
PoG not doing any favours.. low grade deposit needs many more ounces despite having regis on board.
just some extra background information..
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- Daytraders After Market Lounge 14th Dec
Daytraders After Market Lounge 14th Dec, page-127
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