CGN have been in the bottom draw for long while now but I have no concerns about where we are headed.
It has been a trying start to the campaign and the fruits have therefore been delayed, so what if they have done some cap raising in the mean time to ensure we can move forward. First gold sale is a milestone and should be celebrated - It marks a transition to junior producer with a grouse resource and one of the cheapest per ounce cost going around (for the moment at least) and even with the CR, there aren't that many shares on issue.
The sentiment around gold for a long while hasnt helped things along generally but regardless of the gold price over the next 12 months, these guys will still be making good coin with their shallow work. Market will sooner or later realise, till then, I am happy to accumulate. .
By the way, Hi, long time reader, first time poster.
Cheers
CGN Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
