CDG cleveland mining company limited
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Hi All,Gold is on space that I am watching with keen interest.I...

  1. BigBob55
    6 Posts.
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    03/02/14
    13:09
    Post #: 12886247
    Hi All,

    Gold is on space that I am watching with keen interest.

    I asked my broker for his thoughts on Cleveland. I must say he has come back pretty negatively on this one.

    Firstly he believes that 50/50 Joint ventures don't work and almost always experience problems by the fact no one party has control. Also he has concerns about the high level of their spending due to their current lack of cash. He also says CDG have been trying unsuccessfully to source new debt funding for sometime.

    Anyone have any different thoughts?

    Thanks Bob.

    CDG Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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