Hi gmt,
If you look at 99% of the penny stocks, 100% of them have a hopeless story when their SP were at record lows---like NDO,NWE,WHN,PLA,MNM,CEO.RXL...Which I all picked them at the bottom price range before.
I have same worries and complainings when SP was 18c, but I really donot worry too much at 6-7c range.
Multi baggers Penny stocks have common features:
1,Must got sth big/huge to lure investors--brag. MUST
2,Must got major improvment-- good drill/seismic/result, production increase......
3,Institutional investor's JV announcement
4,Broker's analysis which attract Investor's notice
5,Takeover talks, Global Giants's interest.
Unfortunately, CTO got all of the above 5 major upcoming breakthrough factors.
As a staff working in Sinoz resource rights exchange sector, I donot doubt CTO can get a decent Chinese investor sooner or later. Simply, just because there are not many choices for these Chinese Companies,CTO is always their first choice.
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