great opportunity

SP dropped quite sharply in the last couple of days but its hardly a selloff with the extremely small volume. I put it down to the general weakness in the market where sadly holders have to choose to convert shares into cash at 'any price' in order to finance margin calls. Well that's my theory anyway. Why else would you want to 'give away' these shares at such a low price. I was just so happy to have been in line to scoop up some of these parcels at such a reduced price.

What keeps me positive is CMYs interest in the new float of Commissioners Gold as well as the continuing cash stream from CMI as they continue to buy new shares over the 18 months of the agreement.

As a reminder:

Tranche 1 3,600,000 shares @ 3.5c - $126,000

Tranche 2 15,000,000 shares @ 3.8c - $570,000 (May 2011)

Tranche 3 15,000,000 shares @ 4.0c - $600,000 (Sept 2011)

Tranche 4 20,000,000 shares @ 4.5c - $900,000 (Jan 2012)

Tranche 5 20,000,000 shares @ 5.0c - $1,000,000(Apr 2012)

Total 73.6 million shares - $3.2 million


I personally feel in my opinion that those who exercise patience will be rewarded by holding this stock especially at these levels.


Raving1