CGT castlemaine goldfields limited

Alex Without the cash the gold can't be produced. The company...

  1. 20,886 Posts.
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    Alex
    Without the cash the gold can't be produced. The company has said they need extra cash to try and produce gold.
    I am not saying it's a bad stock - don't really know it that well , simply pointing out EV is useless in these cases as a measure as
    It's an arbitrary measure -
    unless it's produceable you don't have value
    On a positive the CR is been done at the last price which is a positive therefore the SP may only suffer a little.
    Alex - I am not sure whether you will see a spike in price as the report in my view may create a little bit of bearishness due to the continual comments of uncertainty, however it probably won't drop much either - good luck guys.
 
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Currently unlisted public company.

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