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02/06/16
15:54
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Originally posted by gumnuts
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Obviously for a shares to be trading at 3 -5c there has to be sellers at that price. I've said it before but I reckon you'd have to have a couple of screws loose to be selling these shares at anywhere near that price. You'd have to be fairly desperate for money to sell these at 3c now, regardless of what you paid for them. I know there are a lot of disenchanted CDG holders out there but, surely, even they can see that CDG has made some real progress in recent times. I know, "CDG have failed to achieve targets", "CDG have broken promises", "CDG this", "CDG that" blah blah blah. Heard it all before. Put your negativity aside for one moment and have an objective look at CDG at the moment. Currently producing gold, finished/finishing upgrading plant, finalising agreement to take over 100% of operating mine, low operating costs, good grades in the ground, future potential with both gold and iron (yes, iron prices are down now but no one knows where they'll be in 2, 4 or 6 years). Market cap of $12 million? Bah Humbug!
In my opinion this company will spread it's great big bloody wings and take off. Open at 5c? Don't think so. I'm not going to guess what it will open at but if these shares are trading anywhere near 5c in 6 months I'll sit down and watch The Notebook with my wife again! And trust me, I don't say that lightly.
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I spent Saturday night on the couch with my wife. About the forth time I've had to endure that movie but a promise is a promise. Glad I had a couple of Coopers Pal Ales to get me through. Won't be making anymore outlandish bets about CDG again.