Big shareholders selling down is definitely a concern, I agree its never good to ever cheer squad a stock, sentiment and news can turn quickly and it's always good to keep an objective mindset. As they say don't marry your investments.
One reason i could think of for CG to selloff would be profit taking to minimise their risk exposures. They bought in at 0.7c for an easy bag and prehaps they see better opportunities else where in the market or they want to de-risk their exposure to gold. I think a lot of people here do forget that of the ~690k resource, 480k is inferred
This stock is definitely speculative, perhaps too speculative for CG to stomach.
I'm still a heavy buyer however, i think theres value for toll production with AME and being 70m ahead in capex is huge. Not to mention recent deals by other players have instilled huge confidence in me.
I'll be buying more at 1.4c if it gets there again but my exposure to gold is getting a bit too high for my tastes.
Ann: Plum Pudding & Old Town Well additional Resources, page-52
Add to My Watchlist
What is My Watchlist?
