Craig1964 Hi there.........Unfortunately smaller companies...

Craig1964 Hi there.........

Unfortunately smaller companies regardless of fundamentals are always driven by announcements and if they are well managed you do not get that gradual change from "leakage" that you get on many stocks. Hence my comments in the past about the difficulty in giving chart based comments and hence the amount of times that chartist predictions have been wrong on CGM.

Fundamentally we all know CGM is going places. However and a big however, when we don't get announcements CGM just simply hasn't got the volume of holders or trades to be played up and down. When we lack announcements ST holders become scared, tired or both and just bail out even at a loss perhaps to trade on a high volume upward stock to recoup funds.

Many supposed trend lines and candlestick patterns get broken by such low volume companies and the traders pattern slowly pulls the price back down.

You hold, then you just have to ignore daily movement, you sell and the next announcement be it good or bad will effect the SP. You can always buy back on and you can always sell, but you will lose a lot or make a lot because with such low share holding the price will always move rapidly on news. Remember day traders spend their life watching news, now let's just say that the next news which is the most likely and isn't just "hype" goes something like this:

"CGM breaking news: Uruguay government approves new drilling contracts and Brazillian contracts achieve record profits"

"CGM with new cable power supply costs now fully paid and the fully functional cyanide plant recovery has first bar poured"

Similar announcements are very, very likely IMHO as we know all of the above are in process or have already been fulfilled and as CGM keeps moving all machinery purchases outstanding are rapidly being met.

SO, put simply you can hold while the price is steady and when we get the next announcements which IMO will most likely be good re the gold pouring the SP will rally upwards. Or you can sell and move to another stock.

But one things for sure as the world slows down, energy demands and prices will change from coal to uranium to renewable etc, etc, iron ore and rare earths demand will fluctuate depending on global sales and volume.

But one thing's for sure IMO "GOLD's" demand and stability will certainly be there for our lifetime.

GL holders
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Just my thoughts, IMHO not advice DYOR