Just like everyone, I am also feeling some anxiety. Whether CQT goes lower, (which compared to other stocks is still doing ok.) it has nothing to do with the assets or management of CQT. It means that BHP will be $25 and CBA will be $30. That is, we will see a complete capitulation of the market.
So to say get out of this stock or any other, just for the sake of it, is just based on fear and laziness to research and evaluate who will hold and eventually prosper during these trying times.
Having Goldfields on board means we may need to split some equity value with them, but having them means we also won't have to have cap in hand trying to find funds to get 150,000 metres of drilling done. So many companies will find it hard to continue exploration or getting funding for production, whereas CQT has this covered.
Gold and Silver are holding well, and look like breaking $1000 when US interest rates are decreased. Being in gold companies is a hedge against what is happening in the market. Sure it might not be as great as a bull market but if a resouce company keeps proving up reserves, over time the market will seek these companies as greed will eventually overtake fear.
CQT gives investors some chance of making money. As they approach $3bill inground value with each hole, todays $170mill market cap will look even more under valued than it already is.
CQT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
