Gold is on the ropes at the moment and whilst I believe it will likely go higher this year and in the future, sentiment on gold and gold equities especially juniors atm is pretty busted.
Top performers in the spec end like CNB and TSO well off their highs atm, other even smaller juniors pummeled as well.
CDT lucky that it is so cheap that worst comes to worst it falls to shell valuations. A couple pips lower is probably the absolute floor for this one to go back to almost cash backing. I will be waiting to scoop up some if it does.
That being said, it could come if gold continues to lag and punters get impatient as other sectors are pumping atm and they will sell off to move capital elsewhere. Vice-versa if gold breaks north again and runs, CDT will multi-bag even if nothing has changed for the company and its updates.
Minerals stonks.... never change.
Gold is on the ropes at the moment and whilst I believe it will...
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