CGX
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0.00% $2.72 cga mining limited

RowingboatThere are so many positives, yet CGA fell 15.3% to...

  1. loki01
    11,118 Posts.
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    22/06/12
    09:15
    Post #: 10337610
    Rowingboat

    There are so many positives, yet CGA fell 15.3% to CAD1.77 on the TSX last night.

    I think CGX needs to work harder to get its average costs down. This is much higher than PRU's operations in Ghana yet their ore grade is pretty similar.

    Last night the DOW/oil/gold/goldies/base metals all cacked themselves because Benny did not deliver QE3 and a lot of economic data from around the world was bad. CGX could be back to $1.50 at some stage this year.

    loki
    CGX Price at posting: $1.95 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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