Researched this company about 9 months ago like many here and could see potential but the last quaterly sealed the deal for me. The company has turned around and looks to be self funded by the next quarterly.
Also happy with the amount of repayment to settle old debts and loans. The company now owns most of their drill rigs, all the infastructure required to keep the gold operation operating effeciently and also more profitable.
The company looks set to make significant contributions to its own cash at hand. With plenty of tailings to be processed with good grades, the company is well positioned to producer greater production figures and profit.
With revenue from last quater equaling 5.3m dollars there seems to be significant upside for a company trading at approx 10m dollar market cap. Just need to see another quaterly showing cash injections to the balance sheet and this stock will shine. GL to all holders
GB
CGM Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
