CGT castlemaine goldfields limited

Have a look at the broker research on the CGT website - done on...

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    Have a look at the broker research on the CGT website - done on assumption of AUD1500 gold from 2012 on. Short term price target 55c.

    CGT have spooked the market and wasted a bit of cash in short term but they should be soon back on track.

    If price of gold stays about where it is and they start hitting stride in Ballarat, this should be $1 share before end of 2012 with plenty of growth still to come beyond that.

    However, ST doubts about financing and residual panic selling mean price over next weeks is anyone's guess. All that can be known for sure is dumpers pushed price down from 14.5c to 13.5c in last hour or so on Friday. But try buying at below 15c Monday morning...

    I'd venture a guess back above 20c within a week or two. But lots of uncertainty.
 
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