CGX's share price would be higher but for the fact that it still has a gold hedge and it is having some operational issues, which should be fixed by end Sept.
It has over 10 million ounces of gold, so with the higher price of gold and likely exapansion to 350K ounces pa, it is one to keep for the longer term. Unfortunately it is not tradeable so SHs have to just sit tight.
This is a relatively safe share, but pretty boring. Perhaps PRU would have been a better buy in the long term.
loki
CGX Price at posting:
$2.52 Sentiment: LT Buy Disclosure: Held
