HRRrrm... I've been with this company for a couple of years now and was very positive for a long time. Currently ,not so. Very very high risk at the moment. And in my opinion ; on the brink of administration. Well... Not just my opinion but even Deloittes the independent orditors couldnt verify that Cleveland would continue as a " going concern" . Which, to me is a worry.
However Management seem to be confident that they will be able to refinance their $20,000,000 debt and be debt free within 6-12 months of full scale production. IF cdg can refinance plus get some extra cash to finish their plant upgrades and secure their option to purchase 100% of their Premier Mine, then boom! Things should turn around rapidly. Big IF though -until proven otherwise. I've sold 70% of my holding in fear of another strung out suspension like last year. However I will be back in with bells on IF they eventually start hitting their targets.
So long story short - huge risk vs huge reward. More risk at this point in time .
All IMO of course.
Id be very interested to hear from other holders ? And thanks for your input the other day Elizabeth92
CDG Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
