Hi all, Just some observations. In the last 12 months CGM is up a healthy 200%. It is massively outperforming the materials index & also the vast majority of gold miners,who have barely moved ( this is about to change ,though. Gold miners will get a much overdue recognition) This tells us that CGM is a leader of the pack. Leaders stay as such in a bull market ( Gold is in a major bull) I don't take notice of ignorant descibtions like "bubble" or "overbought". The more these are being mentioned, the higher gold will climb. We might feel frustrated that the SP is not moving fast enough (it should),however we take comfort from the fact that CGM is among the elite. I will not go on about solid fundamentals ( profitable drilling business,already producing the glittery stuff,cash flow +ve,confident enough to pay off debt,no further dilution in sight,"skin in the game" etc....) Lasstly,CGM chart has an "ominous" aura all around......I like it. Regards.
CGM Price at posting:
7.0¢ Sentiment: ST Buy Disclosure: Held