If someone wrote CGT into a script people wouldn't believe it: - sitting on some of the most prodigious gold fields in the world - gold price near all-time record high @ about $1600 - $16m cash in bank as at 31/12 (excl. reparation bonds) - mining high grade ore a month ahead of schedule - owns hard assets with replacement cost in hundreds of millions
Yet still lying flat on the canvas: - JPM London dumping (>50% of selling) - sp almost at all time low just above cash backing
Depending whether JPM continue their dumping, this one seems poised to move quickly. Or can it manufacture a way to stay at rock bottom?
CGT Price at posting:
9.7¢ Sentiment: None Disclosure: Held
