Sell side has thinned out, and blue sky above 3c. Any positive news could see this baby pop up to 4c or higher.
Glad to see the new directors actually making progress with the company. The AGM presentation shows where they have already collected samples on the Crown ridge Prospect. If they get good hits on both sides of that hill they are potentially sitting on a very high grade gold source. Hopefully January/Feb will be very rewarding.
ASX has approved name change to Gold Mountain Ltd, and it will trade under the code GMN starting next week.
You will also notice the company has included its new name in Chinese, making it more appealing to Chinese investors who have an appetite for gold.
As a long term holder in CGU since the float, I have bought another parcel down here to average down. I think this new team deserves a chance to prove themselves.
Fingers crossed for a prosperous 2015!
CGU Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
