Cleveland is a very tightly held share. So the recent movement in SP isn't much of a shock. However, I expected that with the movement to production at Premier Gold Mine, we would see a SP somewhere between 80c and a $1. But to be here without that news, it seems strange to me.
Reasons?
Perhaps the company have been doing a great job at these investor's roadshows mentioned int he last ann?
This could bring in 'the big boys'.
At times over the last few weeks there have been only s=one seller on my trading account. Perhaps Cleveland is lucky to have a huge majority of long term investors... certainly seems that way.
Perhaps there has been a leak of some news coming from Premier, or more great news about the iron ore projects?
We saw how SP moved when the ann. declaring the signature of the MOU for development of Brazilian Iron Ore project on 23/2. That's what started this great run... so maybe there's more to come from that?
I presume that the additional experience they have had to their management wouldn't have had a great affect. Could be wrong, but didn't seem like anything to go crazy over, although, certainly looks to be very positive recruitment.
Maybe there's more exploration results to come from Chilie?
I beleive that something big is about to happen, due to the big run we've had, but I am really not certain about pin pointing where the catalyst is lying within Cleveland. Perhaps there's good news on all fronts... but, I have a feeling it's down to one project... just not sure which.
These are only my thoughts, and I'm new to this game, so please don't take anything I say too seriously, just some observations.
Anyone else have any ideas what's going on here?
Goodluck all
CDG Price at posting:
82.0¢ Sentiment: LT Buy Disclosure: Held
